Reality based coin-tosser method that beats 95% of traders in the world.

[Whisky]

Quote from charts:

.somebody took the Nobel for it ...

Someone took some money from LTCM when they blew up (was it 1998?). They had a board of directors with 2 or 3 Nobel prizes in Economy and a gifted former trader named Meriwether, but they were playing a losing game devised by the Nobel Prize winners. Their bet was the spread between Treasuries and LDC debt or some such liquidity claptrap bet, that they couldn't EXIT at high leverage...and the FED bailed them out...at a steep price, of course.

Apparently Nobel winners also have losing tendencies.

I guess they still have the medal and they kept their salaries and bonuses. Not a bad outcome for them.

 

[sosueme]

Quote from Whisky:

Someone took some money from LTCM when they blew up (was it 1998?). They had a board of directors with 2 or 3 Nobel prizes ---------------------

You are up bright and early for a V.
Fascinating thread, confirming why 95% lose their money, or fail to make any because they never get off the ground.

Clear rational thinking is obviously in inverse proportion to ETers and growing exponentially by the look of this thread.

As a starting point to trading ES, imagine for a moment that the bulk of the contracts are placed by a small number of Traders/machines that represent the pinnacle of millions of dollars and uncounted man hours.

Absorbed into this mass are the members of ET pooling their wisdom/hopes/bs for which they pay nothing because there is nothing left over from their day job.

What do you think the outcome will be?
You are right of course.
The outcome is not random/non-random, it is not a coin toss, it is 100% failure.
How could it be anything else.

sosueme

 

[Whisky]

Quote from sosueme:

You are up bright and early for a V.
Fascinating thread, confirming why 95% lose their money, or fail to make any because they never get off the ground.

Clear rational thinking is obviously in inverse proportion to ETers and growing exponentially by the look of this thread.

As a starting point to trading ES, imagine for a moment that the bulk of the contracts are placed by a small number of Traders/machines that represent the pinnacle of millions of dollars and uncounted man hours.

Absorbed into this mass are the members of ET pooling their wisdom/hopes/bs for which they pay nothing because there is nothing left over from their day job.

What do you think the outcome will be?
You are right of course.
The outcome is not random/non-random, it is not a coin toss, it is 100% failure.
How could it be anything else.

sosueme

Brutally real as usual. Thanks sosueme.

 

[sosueme]

Quote from Whisky:

Brutally real as usual. Thanks sosueme.

Reality does not need to be perceived as brutal, it just is what it is.

Sosueme

 

[cfd_trader]

Quote from sosueme:

Reality does not need to be perceived as brutal, it just is what it is.

Sosueme

yeah, tell that to those who lost EVERYTHING because all their savings were located in a fund linked to Madoff...

 

[Whisky]

Quote from jack hershey:

I've enlarged and annotated the short pattern for you so you can see how a person annotates a trend using our symbols. they are not unsual. In fact I am often accused of using stuff invented by younger people than me who started using what I use after I began. they are all noteworthy, since they are more recent vendors and I never left the ranks of amateurs as defined by NFA when it was created after I began trading.

I do not understand this, as I'm mentally challenged and completely biased by my upbringing and subsequent hard knocks in the market as a mediocre trader.

To remedy the above situation, I'm bringing in, this afternoon, my 8 year old daughter that can read perfect english, as well as a couple of other languages, and loves playing video games in her nintendo DS. She has also on occasion placed orders in the DOM for my account and risk.

Would you or any of your translators explain clearly in english how to place timely orders to capture the moves that you have so clearly displayed in several hindsight charts?. I'm sure my daughter would love to please her daddy by bringing those outstanding returns into reality, so that she can have all the toys and gifts that I promised her.

Thanks in advance for your wonderful help.

 

[AyeYo]

Quote from Whisky:

Pot calling kettle black?. Look hard in the mirror.

Still waiting for break-even proof.

You're all about proof, PROVE break-even (minus costs, obviously).

For the umpteenth time, the market is not a roulette table and you are not correctly factoring in infinitely variable win and loss AMOUNTS.

The reality is, buy and hold beats this system.

 

[LaughALLuwant]

Quote from AyeYo:


The reality is, buy and hold beats this system.

LOL its true

its true

 

[Whisky]

Quote from AyeYo:

Still waiting for break-even proof.

You're all about proof, PROVE break-even (minus costs, obviously).

For the umpteenth time, the market is not a roulette table and you are not correctly factoring in infinitely variable win and loss AMOUNTS.

The reality is, buy and hold beats this system.

OK. You don't like or understand the proofs that I have offered and that most other people have understood.

Buy and hold is not a trading strategy. It is a single bet with an unknown outcome that is delayed...because of the "hold" part.

I guess that you bought in July of 2007 and you are still holding.

That's fine. It just is. Have a wonderful life.

 

[AyeYo]

Quote from Whisky:

I do not understand this, as I'm mentally challenged and completely biased by my upbringing and subsequent hard knocks in the market as a mediocre trader.

To remedy the above situation, I'm bringing in, this afternoon, my 8 year old daughter that can read perfect english, as well as a couple of other languages, and loves playing video games in her nintendo DS. She has also on occasion placed orders in the DOM for my account and risk.

Would you or any of your translators explain clearly in english how to place timely orders to capture the moves that you have so clearly displayed in several hindsight charts?. I'm sure my daughter would love to please her daddy by bringing those outstanding returns into reality, so that she can have all the toys and gifts that I promised her.

Thanks in advance for your wonderful help.

She might be able to understand this, even though you can't:

Guaranteed to beat 100% of coin tossers and 95% of traders.