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

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...

The saddest thing I've read on ET in a while, keep it up.
 
"Successful traders keep silent because trading is so simple...", I can't say I agree with this statement because of two reasons. First, I think successful traders want to share but are not up to the punishment they receive for doing so. We humans are taught to share from the time we are small children. It's selfishness we learn as we get older. Lastly, trading is simple but successful trading takes devotion, focus, patience and dedication to a strict plan and very very few traders possess those attributes which are the keys to making this environment profitable.

I wondered into ET a few years ago with my hat in my hand and hopes of helping, in my spare time, whomever I could, better understand why and how price moves in every market. What I offered to individuals was information they could verify on their own. For the most part the mentality was that there was too much effort involved to confirm something so unusual and new so it was easier to ridicule that which was different.

Over the last 3 years I've received a number of nice PM's letting me know that the information I provided lead those individuals to a better clearer understanding of price which, regardless of how it was applied, improved their path to overall profitability.

Over the last few months though I have really limited my posting in here not for any other reason other than I was tired of arguing with the ignorant. I didn't say stupid because I find that there are very few stupid people inquisitive about trading but their are plenty of what I call "ignorant geniuses". Those are individuals whose only experience into trading these markets are from applying the ideas and actions of others and recanting all other ideas as asinine and refusing to even review them. And think any of them will test new ideas on their own . . . they would prefer having their fingernails pulled out. Ignorance is bliss they say. I've always wondered how much money could be made in bliss.

I turned 50 this year and it has always been a goal to retire at this milestone. I'm accomplishing that. You won't be finding me butting heads with marketsurfer anymore or anyone else for that matter. Life is too short an getting shorter each day. I will leave you with a simple thought, "If you don't open up your mind to new possibilities, your probabilities will shrivel and die." Spend some time watching pure price and be amazed.
 
maybe successful traders don't want to talk to people, cos people are noise, and source of confusion.

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...
 
Quote from shanoballs:

The saddest thing I've read on ET in a while, keep it up.

Nope, just the most simple-mined and naive.

You probably still believe in Santa Claus and the Tooth Fairy as well.

Jimmy Jam
 
Quote from reid5525:

if i tell you my strategy you'll be buying stock where i'm buying stock. i don't want you doing that. :mad: :mad:

Actually, you want him buying the moment after.
 
Quote from Big AAPL:

Actually, you want him buying the moment after.
So you divulge or, better yet, sell your system of 8 and 34 MA crossover when, in fact, your system is a 7 and 33 MA crossover. Nice.
 
Quote from Vol:

So you divulge or, better yet, sell your system of 8 and 34 MA crossover when, in fact, your system is a 7 and 33 MA crossover. Nice.

LOL

I guess that's one way of doing it. It seems that any deviation of a successful system that produces an entry (or exit) of one or two bars after the original system executes could conceivably have followers bolstering your position.
 
one guy gets ahold of you strategy and you dont know how many more will get it. guys are crowded up at your entry point and your market order gets filled .20c too high.:eek:
 
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