Rich and Taleb agree.....

all 1000 in the MLB are doing quite well. the average salary is near $3MM, the best making $20-25MM.

now let's get to trading. i know quite a few who make more than $5MM a year and that's in my small world of trading peers. I'd say they're pretty successful. the best? no. but that's not their goal. tho many more losers, there are many who've made millions from the stock market. let's keep things in perspective and stop looking for the ridiculous to support your ridiculousness.


Quote from marketsurfer:

speaking of baseball--- do you discount inate ability? out of the 1000 that are good enough to play, how many truly excell 30?

how many money managers excell to the level of claimed ET greatness? how many have managed in excess of 300 million, returned huge numbers, enough to be ranked near the top of all managers and have never blown up? 5?? maybe????

TA is poured upon the masses, it looks easy, the masses of traders buy into it, they lose and the cycle starts again. the market machine is ravenous for fresh cash and the backwards illusion of TA keeps it coming in.

surf
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Quote from marketsurfer:

boilerplate? perhaps surf's boilerplate only---cause it makes sense.

i have come to the conclusion that despite your cleverness with the written word and contrarian personality, you also repeat the same things over and over again--- clever does not equate learned--- nothing worse than a well spoken/written idiot---no offense, i enjoy your writings--some are actually thought provoking.

you, are in fact, agreeing with me in the above post. you developed intuitive abilities via screen time---- i don't dispute this. however, it's a subjective skill, it's not testable--- in my world, that doesn't cut it.

surf
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I repeat my specific response when you repeat your overgeneralized one. Action/reaction, although it is getting tiring. If you think a well-written idiot is bad, you should try reading the posts of a not-so-well-written one. :p

As for my agreeing with you, did you not read the part where I said it looks like I use less discretion than your trading god, VN? That would make him more of an "artiste" than me. So where does that leave your subjective argument?

In any event, I hope you had a good Thanksgiving. Remember, the goal on any Thanksgiving is to not be the turkey. Better luck next time. :D
 
Quote from Thunderdog:

I repeat my specific response when you repeat your overgeneralized one. Action/reaction, although it is getting tiring. If you think a well-written idiot is bad, you should try reading the posts of a not-so-well-written one. :p

As for my agreeing with you, did you not read the part where I said it looks like I use less discretion than your trading god, VN? That would make him more of an "artiste" than me. So where does that leave your subjective argument?

In any event, I hope you had a good Thanksgiving. Remember, the goal on any Thanksgiving is not to be the turkey. Better luck next time. :D
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speaking of overgeneralizations, snippets of potentially false journalistic narrative, cherry picked for effect, is all you have to base your erroneous conclusions. your bias and agenda are clear from the start, turkey!



:D


surf:)
 
Same could be said about art schools and art supply stores. Only a handful become the next Pollock or ever sell work for any substantial amount. But it worked for them. Again, you focus on the average joe.

Quote from marketsurfer:


TA is poured upon the masses, it looks easy, the masses of traders buy into it, they lose and the cycle starts again. the market machine is ravenous for fresh cash and the backwards illusion of TA keeps it coming in.

surf
More...
 
Quote from marketsurfer:

speaking of overgeneralizations, snippets of potentially false journalistic narrative, cherry picked for effect, is all you have to base your erroneous conclusions. your bias and agenda are clear from the start, turkey!



:D


surf:)
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Bias and agenda? Pot meet kettle. Are you suggesting that VN doesn't trade in this manner? Did you read his books?

Consider those "counting" examples in the article. VN chose 3 down days as a determinant for comparative "counting" purposes. In the other instance, he chose a 12-point move. Such selections seem very arbitrary and subjective, regardless of how you try to sell it as "counting." Why 3 days? Why 12 points before 1PM? He just pulled those out of the air at the time because that is what he happened to see at that time. And his entry apparently occurs shortly after the idea hits him. Therefore, he uses a different data set just about every time, depending on what he sees and feels at the time. I always seek the same objective setup, subject to my final okay, and look to enter at the price defined by my objective setup. Can you see the contrast in subjectivity?

Baste in that, boyo. :p
 
Quote from Tracy McGreedy:

Same could be said about art schools and art supply stores. Only a handful become the next Pollock or ever sell work for any substantial amount. But it worked for them. Again, you focus on the average joe.
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sure, most people do art for a hobby/relaxation

do most people trade for a hobby/relaxation?


sur f
 
Quote from Thunderdog:

Bias and agenda? Pot meet kettle. Are you suggesting that VN doesn't trade in this manner? Did you read his books?

Consider those "counting" examples in the article. VN chose 3 down days as a determinant for comparative "counting" purposes. In the other instance, he chose a 12-point move. Such selections seem very arbitrary and subjective, regardless of how you try to sell it as "counting." Why 3 days? Why 12 points? He just pulled those out of the air at the time. Therefore, he uses a different data set just about every time, depending on what he sees and feels at the time. I always seek the same objective setup, subject to my final okay. Can you see the contrast in subjectivity?

Baste in that, boyo.
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anonymous internet chatters making overgeneralizations once again, i see. what seems arbritrary to you, lacking insight and knowledge, may be based on data sets you couldn't even begin to comprehend.

objective setup--- like the 3 bar drop?? LOL !


surf
 
Quote from marketsurfer:

anonymous internet chatters making overgeneralizations once again, i see. what seems arbritrary to you, lacking insight and knowledge, may be based on data sets you couldn't even begin to comprehend.

objective setup--- like the 3 bar drop?? LOL !


surf
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I have no idea what this post means. I can only assume you pulled it out of where you pull your other all-purpose posts when you stop thinking. Good night.
 
To an observer who doesn't know the rules, everything is random.

To the rule makers, nothing is random.

To the rest , its pot luck
 
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