No one is going to give away anything valuable.
Trading edges are developed through extreme hard work over many years of real trading and research. No one is going to give that away on an internet message board.
Profile of an average trader
- Thread starter Antartica
- Start date
No one is going to give away anything valuable.
Trading edges are developed through extreme hard work over many years of real trading and research. No one is going to give that away on an internet message board.
Actually there are lots of folks here willing to help us out.
Some things of value being shared...many aren't going to follow it and just do their own thing considering this is under the "psychology thread".
In contrast, if this was a discussion in the "automated trading systems" thread...I would strongly agree with you.
wrbtrader
Many on ET are happy to help the struggling and beginning trader but the fact is, the only "secret" is hard work and time. Nobody has a magic shortcut to circumvent this. I could disclose my trade plan but it would still require considerable effort, time and personal development for it to do anyone any good. The "average" trader is young, old, male, female, well educated, not so well educated etc etc, but they do have discipline, focus, courage and patience.
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1. Anyone who agrees with this is definitely on the losing side of trading. I been trading for forty years, there is only one time I have seen closure of an exchange(s) longer than a day otherwise I have seen patterns that I have seen again and again, CBOT closed down once for a day when river waters entered the basement of their building. So each time is unique is false.
2. Oh, I guess you think all of this is random type of person? Markets are controlled till they not controlled. You think exchanges were made for small volume traders? There are very very few traders that come from retail and stay retail if they want to become more than "making a living".
3. "Luck"? this is for those who can't trade.
4. Any trade is 50/50 in theory, but we don't trade theories, you work very long hours testing and retesting if you want to get beyond "making a living" or find the markets a challenge as a test of thyself to get better. Risk management and knowledge can change the percentages hugely.
5. "Edge" is not one idea, it is a mixture of tested areas and then blended together to make one Trading plan. Casinos make rules that give them the edge unlike trading except for fees the game is 50/50, why do you think Casinos went from one-two decks shoes in Blackjack to 6-8 deck shoes cause guys like me could count cards when they had 1-2 deck shoes and knew when odds shifted to the player.
I disagree, I have received some 2 dozen PMs by guys or couples that taken some of my charts and piecing it together to form their own systems or I given the final piece they were missing, one couple been trading my long term system for handful of years, another found how I trade options to add, and in my case, someone might offer the tiniest insight and I have ran with it. I have said before, I could give out "edges" and most people think it won't work cause this is a forum. LOL
Agreed.
Or, to put it another way ... the top traders are people like any other, so ... unless you think they aren't on the Internet at all, ... where .. else .. would .. they .. be .. ?