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

[murray t turtle]

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..


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

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...

==============
ion;
Agree with that 100%, its not rocket science.Also true, few if any give 100% away.


And disagree 100 % about sucessful traders not sharing some.Read last 7 years of elitetrader.com,;
Jack Schwager [NOT secretive] 3 top trader books.
Way of Turtle, book by Curtis Faith, again ,Not secretive.

 

[fearless9]

Quote from tts:

I suppose you could say that everybody is entitled to their opinion up to the limits of their knowledge.
.........and there lies the nigger in the woodpile.

Thank ya massa for showing your knowledgeable opinion

what is your point tts

 

[tts]

Quote from fearless9:

Always an interesting subject, this one.

I suppose you could say that everybody is entitled to their opinion up to the limits of their knowledge.
.........and there lies the nigger in the woodpile.

My point is simple Mr. Fearless. I feel the expression you used to add your opinion to this post offensive and inapproriate. As traders we consider our self worth financially a primary consideration. If we forget consideration and respect for others along the way, all financial rewards are worthless.

 

[JimmyJam]

Quote from tts:

My point is simple Mr. Fearless. I feel the expression you used to add your opinion to this post offensive and inappropriate. As traders we consider our self worth financially a primary consideration. If we forget consideration and respect for others along the way, all financial rewards are worthless.

The phrase is hideous, and is pretty much one of the most ignorant things a person can write.

With that being the case, you always must consider the source when reading information on Elite Trader.

Many of these people come from situations and environments in life where they are allowed to be extremely ignorant, and pretty much remain so, for all of their lives.
***
With that being said, it's never good to focus on these issues, because they detract from the topic(s) of conversation on the boards, of which, 90% are about trading.

"In this case, most successful traders keep silent because they have no interest in helping ignorant people do anything".

Jimmy Jam

 

[tts]

Quote from JimmyJam:


With that being said, it's never good to focus on these issues, because they detract from the topic(s) of conversation on the boards, of which, 90% are about trading.

"In this case, most successful traders keep silent because they have no interest in helping ignorant people do anything".

Jimmy Jam

Mr. JJ........You're right, in the future I'll stay with the trading issues. I'm new to the site and I just couldn't let that one go.
" He who speaks, doesn't know. He who knows, doesn't speak."

 

[ronblack]

Quote from PohPoh:

They are called brokers...brokers or anyone who takes money from a trade creates a situation that is NOT zero-sum. People saying that the mkts are zero-sum is one of the biggest misconceptions of the market...

Not quite so... You can adjust any game using proper variables so that it becomes a zero sum game. Also, you can adjust it so it becomes negative or positive sum game. Just introduce external benefits.

But in principle, in any game where the sum of losses are equal to the sum of winnings the game is fundamentally zero sum.

Ron

 

[ronblack]

Quote from ion:

... is simply because successful trading is so simple... or I should say, successful trading method is very simple...

You may be right but the discipline to execute even a simple plan may not be there.

Your mistake is that you consider only the method but not the psychological burden it can impose of the trader executing it.

For example, trend following is a fairly simple method. Just follow the trend until an appropriate reversal signal is triggered. You can make a fortune that way because there are always trends present in the markets.

Yet, the world of trading is full of day traders who like to constantly pull the trigger for minute price excursions.

Hyperbolic discounting rules the trading world. Look it up... maybe you will understand it's connection to the"simple" method you are trying to find.

Ron

 

[BSAM]

Quote from FXTraderWill:

Big bids and offers.....

Ummm.....Will.....Have you noticed the name of this thread? (You may, or may not, be giving some good information, but I think perhaps you should start another thread.)

 

[fearless9]

Quote from tts:

My point is simple Mr. Fearless. I feel the expression you used to add your opinion to this post offensive and inapproriate. As traders we consider our self worth financially a primary consideration. If we forget consideration and respect for others along the way, all financial rewards are worthless.

You have deliberately allowed yourself to be sucked in tts, but do not worry, somebody was going to go for the bait.

If you took the time to read some my posts you will see what I mean.

Just imagine what will happen to you when you are convinced that the market is going to break to the longside only to find that you have been faded back through your overly generous stop.

 

[FXTraderWill]

Quote from BSAM:

Ummm.....Will.....Have you noticed the name of this thread? (You may, or may not, be giving some good information, but I think perhaps you should start another thread.)

I have. I just shared my trading strategies to make several points about about the original topic: A) why strategy sharing is not done, B) that it can be done, and C) that even if you do give someone your trading strategy, they most likely won't be able to trade it properly or make the necessary continuous adjustments that one has to make to adapt to constantly changing market conditions. I do feel I go into more detail than I commonly see on ET, and I'm willing to answer any questions about the way I trade... thus refuting the concept of this thread: that successful traders keep silent for egotistical reasons. I'm too lazy to start a thread about my own strategies, and people would just ask me questions which if they can't figure out for themselves they have no hope to make it as a trader trading my strategies anyway.