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

you are 100% correct. it took me 2.5 years of finding out what doesn't work to find something that consistently does. ironically, its the same method successful pit traders have used for centuries... no devulging here though, i'm afraid.

these days, i only wish volatility would increase. it gets easier with more volatility.
 
Quote from FXTraderWill:


Take leaning on size - most would say that strategy has no edge. I disagree, I think leaning on size can be immensly profitable - if done properly. If you buy stock everytime a big bid comes in or steps up, and sell vica-versa, you'll certainly lose money. To explain why I do and don't lean on size, I would have to go through about 20 different trades I choose to take where I was leaning on an order, and another 20 (or maybe 40) trades that were similar to the ones I took yet I choose to pass up for one reason or another. There's just no point in me doing that. Even if someone memorized my reasons, to be able to make money and see the opporunities the way I do, the person needs to first get his ass handed to him by the market and then learn from there.
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I would say you are right. That's why I don't memorize. I'm not interested. I just want to learn more about the mental processes people use. I don't even look at the book (I can't, I have to work), but I find your posts quite interesting anyway, especially the ENR part.
I have a question though. You talk about pikers and real buyers. Isn't it in the real buyer's interest to show himself as a piker? People are paid to buy and sell in the quietest way possible. I actually read that big bids and offers are often made just to lure people

Quote from FXTraderWill:


Will reading what I just wrote really help any new trader? I doubt it.
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You just don't worry about that. That's my problem :)
 
You got it all wrong.

Successful traders don't keep silent.

There's a ton of information on these threads, and they keep saying the same thing over and over again.

That's probably because the markets are nothing more than a series of continuous cycles of supply and demand.

The unsuccessful traders just can't figure it out, even when it's explained to them ... several times.

Good trading,

Jimmy Jam
 
Quote from ion:



The only reason why people shut up after they've "made it" is because successful trading is so simple...
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Interesting post. You use too wide a brush though. There are many different successful ways to trade. My particular way I could explain to someone in five minutes or less, and it is not only simple but easy to execute. BUT...

Quote from ion:


I have yet to see ONE genuinely successful trader sharing his current trading methodology in whole...
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I have. A VERY successful one. And his method is pretty complicated. No way he could explain it in five minutes. He spends months with students and most can never duplicate what he does.
 
"My road to trading success over the past 10 years has been filled with land mines, pot holes, road blocks and misdirecting
signs."
"Meaning that I have blown up several accounts, bought many trading systems, subscribed to many alleged Guru's,
bought countless training materials, spent 10's of thousands
of dollars and devoted thousands of hours to the pursuit of trading success."
"So pard me for not giving away the last 10 years of my life."

"And by the way, my trading systems are not simple.
They are complicated as hell."
 
Quote from Eliot Hosewater:

Successful trading is simple. Someone told me about it when I was about 8 years old.

"Buy low, sell high."
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They told you the wrong thing.
It's rather "Buy high, sell higher".
 
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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