Professional Trader - Ask your questions here for the next few days...

[MrCharts]

The last post was a bit harsh but required never the less.

Maybe I can help in allowing the OP to put the matter straight with a very simple question.

What do you consider the most basic requirement for an ordinary Joe Soap trader to have in order to make better trading choices?

I will judge your value to others based on your reply and I can say with all due respect that I will not be far off the mark.

You are giving to others and in order to give correctly you must adhere to some basic fundamental principles.

 

[DisciplinedHedg]

Quote from trackstar:

What can I do to elevate my "psyc" to attain a level like yours?

I'm not sure I can give you a good answer. What comes to mind is eliminate what is hurting your trading.

 

[DisciplinedHedg]

Quote from oraclewizard77:

Lets say the es futures market is trending down and you think its about to reverse and start to trend back up (please note I am not talking about a major move, instead looking for 2 - 5 points). What signs are you looking for to indicate that the market has stopped falling and will be rising?

Also, how many of those signs do you need to happen before you would put on a trade?

The major trend of the market is most important. And support/resistance levels are important. I derive those levels not from the chart, but from how I remember the price behaving at those levels.

 

[DisciplinedHedg]

Quote from MrCharts:

...What do you consider the most basic requirement for an ordinary Joe Soap trader to have in order to make better trading choices?
...

Clarity of mind.

 

[Kassz007]

Quote from TraderZones:

Sorry, but I read every one of the OP's posts, and it is mostly fluff and opinion. And there is no proof he is successful other than him starting a thread. You have a serious case of #6, below... Terrified that the goose that lays the golden eggs will go away. I have news for you. This goose likely only lays the kind of eggs that make omelettes. one can pretty much pigeon hold your particular lack of success based on your fear that Mr. Professional may stop posting. You can get most of his stuff in a trading book for $15 used, at Amazon.com

This is a forum. People ask questions. People answer questions. Others give different opinions. However, your terror at others who challenge the self-anointed is rather noobie. Challengeing others is standard forum practice. I am saying, "Who are you, again?"

Every ET paper trader is ready to fall all over every would-be guru, mentor, self-promoter. Except nothing so far has really been anything that would make the newbies here "successful."

He already admitted to being PMed about an opportunity. There is a chance that the motive (playing hard and appearing as a guru) is a powerful marketing method, and standard internet publicity-building 101. "Ask the Expert." You cannot be so blind that you haven't seen a fair number of these, from Jack Hershey to Doug Allen "trade my money" to Brandonf "DO YOU WANT TO LEARN FROM A GURU?" Unless you have SERIOUS proof to the opposite.

I will say it again:

1) In a place that you said has minimal value (ET)...

2) and that you said provided boredom...

3) and given the fact that you are pretty anonymous...

4) and that we get a lot of paper traders that claim to be special

5) why do you think "Professional Trader" applies to you?

6) and why do people so readily fall all over themselves to prostrate?

By the time they are done this thread, no one here will be any more longterm successful than when it started. And the OP gets his ego stroked

Starting off with "I am successful and plan to give back" is a self-centered way to start a thread. He could have just done this without the "I am only here a few days - going going gone... - line up and learn how I became successful" schtick.

OP seems very credible, unlike yourself. Given the fact that he isn't responding to non-trading questions and flames such as yours (unlike Sick), is a good indication that he means business.

If you don't think the OP is credible and don't think his answers will help you make money, don't read the thread. Simple as that.

BTW, large font does not make your post any more important. In fact, it makes it difficult to read and comes off as being obnoxious.

 

[Redneck]

Quote from Kassz007:

OP seems very credible, unlike yourself. Given the fact that he isn't responding to non-trading questions and flames such as yours (unlike Sick), is a good indication that he means business.

If you don't think the OP is credible and don't think his answers will help you make money, don't read the thread. Simple as that.

BTW, large font does not make your post any more important. In fact, it makes it difficult to read and comes off as being obnoxious.

TZ has a good heart and good intentions


More than once I’ve seen him ferret out the bad

If the OP is solid – no worries – he’ll weather it

The mkt is 100 times worse

If not – oh well

My opinion of course

 

[trackstar]

Quote from DisciplinedHedg:

I'm not sure I can give you a good answer. What comes to mind is eliminate what is hurting your trading.

Only 1 thing can hurt your trading - yourself. How can one eliminate themselves?

 

[Maverickz]

Quote from trackstar:

Only 1 thing can hurt your trading - yourself. How can one eliminate themselves?

I think what he meant was eliminate the parts of you, your trading style and your decisions that hurt your trading. You are right you can't eliminate yourself but really how many times do you need to touch a hot stove before you realize that is a bad idea? To make a mistake is human to make the same mistake twice is stupid.

 

[keri60]

1. How long is your everage holding time of open positions?
2. Do you scale in and out? (Sorry if that was already)

 

[Maverickz]

Quote from Redneck trader:

TZ has a good heart and good intentions

I have seen a FEW posts of his worth reading, most just seem accusatory and hateful.

Quote from Redneck trader:

More than once I’ve seen him ferret out the bad

And more than once I have seen him run away new people just looking for answers.

Quote from Redneck trader:

If the OP is solid – no worries – he’ll weather it

But why should he have to "weather it"? I have said this before in response to TZ and his defenders: what does it hurt for people to post thier ideas and opinions? Of course, no one should ever blindly follow anyone else, not even a paid mentor. I like reading these threads, even the 100% false ones, because thinking about why they are false sometimes gets me to come to new realizations or to think about things in a different way.