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

[BSAM]

Quote from traderNik:

Whoops! You may not know it yet, QP, but you just stepped in a pile of dogshit. Good luck scraping it off your shoe.


: )

Yeah.....Kinda on the measure of a Great Dane. Hopefully, it ain't just on his shoe.

 

[gnome]

Quote from daveb351:

My K.I.S.S...just draw lines.

1. Role Reversal Support & Resistance zones are an analog for Fibonacci Clusters. Check this for yourself.

2. When price approaches a S/R zone look for a reversal...read Richard Wyckoff & Tom Williams: Learn Supply & Demand.

3. Use Money Management...a trade must have a 2X Risk potential, minimum.

I've just put all the gurus out of business...never, no one will believe the above, it's to simple.

Trading is not EASY for anybody... and it takes considerable time before you "get your mind around" the proper concepts while eliminating the garbage which interferes.

But to succeed you need simple concepts you can understand, recognize and have enough confidence to play.

There are lots of issues regarding...

1. Trying to make "big money fast" with over leverage

2. Unlucky(?) bad streak or getting hit with a big loss on surprise news when you're loaded... (I also use the handle "HoseB"... I have a trader friend and we once compared longest string of losing trades.... his was 13, so he became HoseA... mine was 9, so I became HoseB)

3. Just plain mistakes

4. Trying to trade conservatively enough to survive the occasional bullets yet making a satisfactory return.... all the while wanting to "make big money fast"... but that requires the big risk of high leverage. What's a trader to do?

Even when you're settled upon a "simple system", there's still plenty to occupy the mind.

 

[EdgeHunter]

Quote from gnome:
I have a trader friend and we once compared longest string of losing trades.... his was 13, so he became HoseA... mine was 9, so I became HoseB)

ROTFLMAO....


<img src="http://www.enflow.com/p.gif">

 

[learn&earn]

good thread. bump

 

[tickmagnet]

Most traders here on Et are concerned about commissions and software they are using, , posting their dayly P/L gains 50 dollars here and there, after reading numerous books they think they're traders. Daytading is losing proposition, you need to ride your positions to make it worthwhile.

 

[solotrade]

Quote from tickmagnet:

Daytading is losing proposition, you need to ride your positions to make it worthwhile.

This does not apply to US index futures.

 

[saxon22]

Learning the craft of trading is like learning how to drive a car.

BTW this thread illustrates how ET have changed since this thread started. Most of the participants are gone from posting, although I wold bet my right hand, not from trading.

 

[themickey]

I'm not a noob trader but i believe part of the difficulty for noobs is they 'believe' in stocks, believe in direction etc.

After many trading hurts, one becomes a bit more cynical, disbelieving, cunning and distrustful of market moves and psychologically one can find it much easier to cut losses short.

 

[iuykcif]

...

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... [/B]

You described well some aspects.

Another possible one is the awareness that anyone need to mature his own awareness in this thing.

If one showed the way (or "his" way) to people that are not "ready" to "see it", simply they wouldn't see it.

Actually they would probably mock and ridiculize him from the heights of their presumptuous wisdom.

When a limited mind grabs many things and technical notions, it is often fooled in believing it knows a lot. Simply because unaware of its unlimitedness.

It's an individual journey that anyone must do "his way", clearly interacting and comparing to others, but must grow inside and not be over imposed.


____________________
Tom
My <a href="http://www.datatime.eu/public/gbot/2009_11_03_Tue_Wed_Overnight/default.htm" target="_blank">futures autotrading</a> journal

 

[Kevmeister]

Quote from achilles28:

The market takes on whatever structure we give it. Yet its timeless form remains the same.

"The market takes on whatever structure we give it."

It doesn't get any better than this.

You create your own reality. No exceptions period.