Teach Me Not to Trade

Quote from John Merchant:

So with these principles in mind, how does one distinguish a phony from the real deal on ET? By an unambiguous indicator of the trade call in the poster's charts. By binary decision rules, no matter how numerous, with stated numerical threshold criteria and stated numerical weighting criteria contributing to the trade indication. By real-time trade calls. Anything less is pure charlatanism. For examples of the perfection of simplicity, I invite you to consider any of the systems Professor Doaks has posted over the years. N.Q. Enqueue will select one of his systems, perhaps even a profitable one, and give you real-time NQ calls tomorrow.
More...

I think someone is obviously a con if his or her market calls cannot be objectively proven wrong.
 
Quote from xiaohu:

I think someone is obviously a con if his or her market calls cannot be objectively proven wrong.
More...

Just sit back and enjoy the ride...hypostomus' threads are among the best on ET.
 
Xiaohu, a true call says "Buy this at that exact time and price" followed by "Sell this at that time exact time and price". Anything else is a weather forecast. True calls are not conditional. Or ambiguous. Or subject to interpretation. A true trader like N.Q Enqueue can tell you instantly and without hesitation at any time whether his system says to be long, short or flat. It is truly a pity that ET does not support real-time calls.
 
You make Dr. Deco's point perfectly, HolyGrail. ET imagines things that are not there. Both Duref and Mudgins are perfectly legitimate family names, as can be determined from the most casual googling. But as long as I am invoked, let me relate that the most trenchant advice I ever read about the markets was Teresa Lo's admonition not to try to make a living at it. She recommended making trading an adjunct to your day job. Trading profitably is very much like keeping a hard-on. The less you feel the pressure to do it, the easier it is.
 
I would tend to agree with that thesis. Although I have been daytrading futures for only 13 months, I can honestly say that it is quite comforting to know that my profits will not need to be withdrawn for any reason.
 
Quote from Duref Mudgins:

...Trading profitably is very much like keeping a hard-on. The less you feel the pressure to do it, the easier it is.
More...

Does that mean you are long PFE?
 
You must log in or register to reply here.
Back
Top