Negative Trading Experience

[marketsurfer]

Thank you. Are you familiar with Van Tharp? I am friends with his son, who use to post here Robert, but was driven away by the bozos.

Van has my respect because he admits, despite being a successful trading author and psychologist, that he can not trade.

A very unique admission is the sea of lies.

surf

 

[cornix]

Yes, of course I am familiar with his works.

 

[marketsurfer]

Yes, of course I am familiar with his works.

Crank--- A genuine crazy person who believes and preaches non scientific material, often hidden in the words of science or pseudoscience.

Charlatan-- A person who knows what he preaches isn't true but continues to preach it for monetary or ego gain.

 

[Vienna]

Van has my respect because he admits, despite being a successful trading author and psychologist, that he can not trade.

A very unique admission is the sea of lies.

surf[/quote

Van has my respect because he admits, despite being a successful trading author and psychologist, that he can not trade.

A very unique admission is the sea of lies.

surf

Actually, I think van is one of the worse kind of vendors. Having said that: His r-multiple concept is great. The whole " you can flip a coin" and "it's all psychology and money management" is pure, unadulterated sh*t. He tells you that knowing how to read the market does not really matter (even with all the disclaimers about needing a positive expectancy), that if you are not making money it is because of your psychology and that his courses would help . I met him and one of his" super traders" ( an absolvent of tharp's 50 k course )... The guy admitted to me he was not making money...so you don't know how to extract money, so of course you have psychology issues (fear probably), but the cure is not taking a course with van Tharp to rid you of your fear. Your fear is rational, because you don't know what you are doing . You fears will come true if you persist. What you need is to learn how to profit, not how to deal with your fear. I am even amazed Tharp admits he can't trade: this was not so when I knew him (I did suspect so, though...)

 

[Pigsky]

Crank--- A genuine crazy person who believes and preaches non scientific material, often hidden in the words of science or pseudoscience.

Charlatan-- A person who knows what he preaches isn't true but continues to preach it for monetary or ego gain.

With vendors it is the monetary gain and they are easy to spot because they have an online "storefront" where they advertise their goods. But ego gain is very common problem in trading social media......

Trading probably attracts lots of arrogant people.... too proud to ever admit they are struggling so they adopt online alter ego identities. The shame of years of fruitless study is not something they wish to reveal, even in anonymous environment. Even in real life they are not always easy to spot because some people can be quietly arrogant..... or conceal their arrogance behind faux benevolence.... so are not readily obvious to most observers.

 

[cornix]

Crank--- A genuine crazy person who believes and preaches non scientific material, often hidden in the words of science or pseudoscience.

Charlatan-- A person who knows what he preaches isn't true but continues to preach it for monetary or ego gain.

Social disciplines often are considered "non-scientific". Such is the case with many techniques of psychology as an example.

That makes especially hard to distinguish helpful services from fantasies or even scams in these areas. Guess trading is somewhat like that too, since purely scientific (or better say, mathematical) approach is not very applicable as life shows (the brightest speculators in the world are usually not pure quants at very least).

 

[bone]

This is why keeping a personal journal, while sounding cliche and so "old school", is so important to avoid repeating mistakes.

 

[marketsurfer]

With vendors it is the monetary gain and they are easy to spot because they have an online "storefront" where they advertise their goods. But ego gain is very common problem in trading social media......

Trading probably attracts lots of arrogant people.... too proud to ever admit they are struggling so they adopt online alter ego identities. The shame of years of fruitless study is not something they wish to reveal, even in anonymous environment. Even in real life they are not always easy to spot because some people can be quietly arrogant..... or conceal their arrogance behind faux benevolence.... so are not readily obvious to most observers.

This is brilliant. Thank you.

 

[marketsurfer]

Social disciplines often are considered "non-scientific". Such is the case with many techniques of psychology as an example.

That makes especially hard to distinguish helpful services from fantasies or even scams in these areas. Guess trading is somewhat like that too, since purely scientific (or better say, mathematical) approach is not very applicable as life shows (the brightest speculators in the world are usually not pure quants at very least).

Disagree-- Jim Simons is pretty close to pure quant and arguably the winningnest speculator who ever lived.

 

[qxr1011]

Due to my recent research and online project I collect personal stories about FAILURES in trading/investing field. Doesn't matter if from the past or you are still a struggling trader, anything that you have done, but would rather NOT do again.

Anyone interested in sharing such stories, please contact me via PM or other method.

IMHO, the stories about the defeats of others will not help any future losers nor the future winners...

Que Sera, Sera...

Those, who has a will to continue, after reading your research probably will say "F@ck you all !", and will be right

Those, who will get scared after reading it, probably is scared already, and research will be just another justification to drop it while its not to late......and they will be right too.