Talent/Giftedness In Trading

barcadia · May 19, 2015

Buy1Sell2 said:
There is no talent, nor giftedness, required in trading. All you need is the ability to do basic math and to be able to admit when wrong.

But you write as if flipping a coin for trade direction, having a small stop and a bigger target target is a recipe for success. I'm sure you need some sort of method that has a positive expectation

dbphoenix · May 19, 2015

barcadia said:
But you write as if flipping a coin for trade direction, having a small stop and a bigger target target is a recipe for success. I'm sure you need some sort of method that has a positive expectation

Truth is a rare commodity on message boards.

jimmiebarton · May 19, 2015

dbphoenix said:
Truth is a rare commodity on message boards.

i wouldn't buy a used bmw from you, and i like bmw's

dbphoenix · May 19, 2015

jimmiebarton said:
i wouldn't buy a used bmw from you, and i like bmw's

Nor should you.

Buy1Sell2 · May 19, 2015

If one flips a coin for entry direction and one follows proper trade/risk management, they will be a successful trader. Most traders don't understand that trading is about prudent risk management.

jimmiebarton · May 19, 2015

Buy1Sell2 said:
If one flips a coin for entry direction and one follows proper trade/risk management, they will be a successful trader. Most traders don't understand that trading is about prudent risk management.

what you just said is you know how to profit off 50/50 game.

PROVE IT, or at very least give a shred of evidence.

after all, YOU are the venerable author of THE ES THREAD

lawrence-lugar · May 19, 2015

You can teach/develop to a certain extent -- but the Greats in every field of life...are born with it...are Destined. the Chosen few. :eek:

This debate reminds me of the movie Trading Places 1983; nature vs nurture

romik · May 19, 2015

jimmiebarton said:
what you just said is you know how to profit off 50/50 game.

PROVE IT, or at very least give a shred of evidence.

after all, YOU are the venerable author of THE ES THREAD

This was carried out in real-time. Look at the stats.

http://www.elitetrader.com/et/index.php?threads/trading-es-reverse-trade-based-stops.290372/page-27

Buy1Sell2 · May 20, 2015

romik said:
This was carried out in real-time. Look at the stats.

http://www.elitetrader.com/et/index.php?threads/trading-es-reverse-trade-based-stops.290372/page-27

And so---that pretty much ends the thread.

marketsurfer · May 20, 2015

dbphoenix said:
This has come up before. I suggest that those who see "talent" are in fact seeing the results of someone having characterized his market. Those who go through this process see things that others do not.

Magical thinking like this has no place in the financial markets.