Successful traders keep silent because trading is so simple...

Quote from nitro:

There is a story of the student who finds a problem that he can't solve. He goes to the brilliant professor and says, professor, is this a simple problem?

The professor, looks at it, thinks it must be obvious. He looks at it some more. He says to his student, let me get back to you. Days go by. Then weeks, no one has seen the professor, except once in a blue moon to eat. He is seen holding papers and talks to noone.

Two years go by, and the professor finally appears and calls his student in.

He says, yes, it is obvious.

nitro
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Nice.

I quite agree with the initial post of this thread.

My most profitable strategy is one I figured out in my early days, perhaps in the first month I decided to try to daytrade, but just didn't add the hindsight to judge its value. Instead, I preferred to get into such reliable tools as MACD and RSI...

So yes, trading can be simple sometimes but only experience reveals it.
 
Quote from insert:

STOP it people stop is right now

anyone who gives away Blood Tears Sweat, searing flesh

anyone who gives away their 10 years of depression is disrespecting himself and others who "Got" it

Every new trader must get it on their own.

if they get it for free they become worthless humans
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Quote from insert:

LOOK PEOPLE

call me evil and fucked up if you want but the simple truth is information is out there so who wants to learn, they can

but I won't spoon feed, no one helped me

END OF DIScussion
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Quote from insert:

when will you people stop this stupid topic

no one here would appreciate my help if I spelled it out

not a single person here

so everyone can go to hell :mad:
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LMAO
 
I don't mind sharing my successful and unsuccessful methods.

I have read all of the trading books and so on and I can tell you that all of the secrets are in those books, but one thing nobody can give you is discipline.

I celebrate small losses in the same way you might celebrate a large profit.

The biggest problem I see in traders is to let losers run and cut winners short. This was my biggest problem for years.

profits come from luck, small losses come from skill...
 
Wikistock is striving against this silence. It's not about learning secrets to become a succesful trader. For newbies it's just a steep learning curve traversing the depths of trading. The idea with wikistock is to take all this new information you are learning and post it in a structured format that you can make sense of, and reference easily. Otherwise you just get buried in all that you learn from the 5 forums, 8 blogs, and 2 books you are trying to juggle on a daily basis.
 
Quote from ion:
Have you ever wonder why successful traders are so secretive about their trading?

In other disciplines, you generally find successful people open up and share about their experiences and success... it is human nature that people WANT to talk about their success... it feeds the ego, and successful people generally have big ego...

But this doesn't happen in trading... those who talk most probably trade worst... do you know why?

Many people point to the zero sum game mentality and states that if too many people knows about it the profit goes away...

This is simply not true, because trading is not a zero sum game... this is true even for derivatives such as futures and options... and successful traders all know about that...

The reason they don't talk... is simply because successful trading is so simple... or I should say, successful trading method is very simple...

The methods are so simple that you only need 30 seconds to tell someone the essence... what is difficult is the path that one had to go thru before he reaches these simple methods (enlightened stage?)

The name of the game is to figure out what DOESN'T work... there could be tens of thousands of items on your list, and what you do is to throw out the items one by one, until you're down to the last 2 or 3 items that really stays there...

If it took you 10 years of work to figure this out... and then you find out you can pretty much tell ANYONE in a day what those 2 or 3 items are and make him as good as you in trading... what would you feel? You feel a sense of "unfairness" and avoid to simply "give it away"... It is this sense of "unfairness" that create the "my precious" mentality...

Some would even fall into denial and start to make trading sound complicated... as if successful trading has much to do with "the trader"... the inner state, some sort of energy flow or psychology that only a "true master" possess... they tell you successful trading is "all about the trader" and little to do with the method... they can't accept the fact that they're making all these money with such simple methods... they have to feel special and they practice buddism to make it complicated...

The only reason why people shut up after they've "made it" is because successful trading is so simple...

They're just human and they are selfish individuals... they can't help but enjoy seeing other people walking in the dark while they're printing money because "they deserve it"... occasionally they "give back" to the community by handing out small tips without revealling anything of meaning simply because they need to let their ego out somewhere...

I have yet to see ONE genuinely successful trader sharing his current trading methodology in whole...

It is simple as that... people don't talk because it is so simple... if it were complicated they don't need to keep silent - they can give you phone books of rocket science equations and you won't figure it out anyways...

The first person who invented the wheel was a genius, the second person only need one peep to get level... understandably the first person would want to stay genius for as long as possible...
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With 11 posts why should it be assumed you know anything about successful trading.

Those few individuals who make their fortunes from the futures or equities markets do not disclose their success; that happens to be true.

A trading methodology for an individual needs to be simple but you are mistaken to believe it is not based on an intimate understanding and experience of the complexity of price behavior in the marketplace.
 
Quote from Champion:

With 11 posts why should it be assumed you know anything about successful trading.

Those few individuals who make their fortunes from the futures or equities markets do not disclose their success; that happens to be true.

A trading methodology for an individual needs to be simple but you are mistaken to believe it is not based on an intimate understanding and experience of the complexity of price behavior in the marketplace.
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How many posts someone has made is a direct indicator of what they may or may not know about successful trading?

QUANITY
----------
over
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QUALITY
 
Quote from PohPoh:

Well, investopedia is wrong...you can't just 'exclude' costs...and it's explanation that a stockmarket can be not zero sum because it can 'create wealth', well that's just ridiculous...
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More than two numbers can be summed to zero.
 
Quote from metromotor:

I don't mind sharing my successful and unsuccessful methods.

I have read all of the trading books and so on and I can tell you that all of the secrets are in those books, but one thing nobody can give you is discipline.

I celebrate small losses in the same way you might celebrate a large profit.

The biggest problem I see in traders is to let losers run and cut winners short. This was my biggest problem for years.

profits come from luck, small losses come from skill...
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Are you new to ET or new nick ?

Reason I ask is because I sense wisdom in this post.

Anek
 
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