Sucker plays

Quote from Sucker:

Hi!

I am a sucker and I fit in the 90% category who constantly loses their money to the other 10%.

I would like to know who you are, the 10%, and why you are taking my money. Are you willing to tell me?:mad:

Sucker
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I cannot successfully discretionary trade. I only make money trading my mechanical systems. They force me to do right. Otherwise, I am lost.

m
 
Quote from Cutten:

People who make money do so because they have identified an edge, and then trade only (or mostly) when that edge occurs, using good risk management to control losses.

If you are a loser, it is most likely that you either do not have an edge, or trade without an edge, or use poor risk management. This is usually due to lack of market experience/knowledge, failure to apply and learn from that experience, or poor emotional control.

The way to go from loser to winner is to identify an edge, which (usually) takes a lot of research and/or experience. Once you have done this, you have the main tool required to make a profit. Until that point, you will most likely lose regardless of what you do.
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Rinse and Repeat ..... 100 times :)

EXCELLENT ADVISE CUTTEN .......

The hardest part is finding this and then staying flexable as market conditions call for it.

Trading is a process not a destination :cool:
 
Quote from MackieMesser:

I cannot successfully discretionary trade. I only make money trading my mechanical systems. They force me to do right. Otherwise, I am lost.

m
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Yes. And so what?
 
Hi Sucker, be a sucker no more.

Markets don't really offer edges. (Of course if you say YOU have an edge and you make money from it, fine.)
The thing is the market is the market. Know it.

If you just look at the DOW (ie index futures) and its gyrations usually day after day its really smacking you hard around the chops and saying
"Hey I'm zero sum game. Play me and make yourself rich."

Short answer. Research. Data assembly. Analysis. Trading model.
Go.
 
Please state your handle, proclaim you are a SUCKER, then give us your sad story and what you plan on doing about it.

This is gonna be a great learning thread!

You can learn as much or more from the Losers than from the Winners.

:p
 
Quote from Sucker:

hmmm...

Then you have a plan, and you trade your plan...
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The sad part is that you know this already. You hear the same shit everytime. Every book ever written on trading has the same psychological reasons for losing money.

Quote from hardrock375:

If they told you who they are and why they do it, they might not get your money anymore. Sounds like a losing proposition for them.
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not true. You can tell a 'sucker' over and over what they are doing wrong and they still end up doing it.

And the people who constantly lose, subconciously know when they are doing the wrong thing, but in the end they don't care enough, and are just too greedy or scared to do the right thing.

The people who get it can keep their greed just one level below their intelligance.

The people who don't always let their greed get out of hand. Even if they said they weren't going to.

good luck
 
Quote from Sucker:

Hi!

I am a sucker and I fit in the 90% category who constantly loses their money to the other 10%.

I would like to know who you are, the 10%, and why you are taking my money. Are you willing to tell me?:mad:

Sucker
More...


Until you realize that YOU ARE GIVING YOUR MONEY ("they" are not taking it!) there is no hope for you.

I suggest you read "Trading in the Zone" by Mark Douglass
 
you all are crazy fools sucker has not been on in over a year. sucker was a beaten man but i will cherish his post. i think i am going shopping next weekend with somebodys money here but who's will it be?
 
Quote from brokerboy:

you all are crazy fools sucker has not been on in over a year. sucker was a beaten man but i will cherish his post. i think i am going shopping next weekend with somebodys money here but who's will it be?
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won't be mine 'cause I won't give you any :p


Peace,

Paul
 
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