Teaching your children how to trade

[marketsurfer]

Can't you just automate the system and give them the code?

See, its purely discretionary and subjective--- otherwise, they could do what you say. surf

 

[londonkid]

Most winners in the market think similar to me, as they are my mentors--- do you think i just make this stuff up>?

surf

lol thanks for the chuckle.

 

[marketsurfer]

lol thanks for the chuckle.

Most market winners think retail TA using day traders have a history of success??

 

[Fundlord]

His instagram looks like that of a multi-millionnaire, but I guess it could all be fake, or maybe it's real but his money doesn't come from trading? There was a thread on bigmike's once, questioning whether his statements etc were actually from a live account and not a demo.
He used to run the tradeitdontdateit chatroom. However, his calls often seemed to be in hindsight (''I went short there on the ES, 5 minutes ago, currently making 4 points, so 350K'') etc, so I lost interest and stopped going there.
As with every trader online, 'Who knows what's really real!! lol

I seen a video where he apparently made $1,300,000 from a limit down trade he made. His instagram has multiple pics of 300k+ profit trades pretty motivating if its real.

 

[londonkid]

Most market winners think retail TA using day traders have a history of success??

no it wasn't that that made me chuckle it was when you wrote 'most winners in the market think similar to me'.

 

[londonkid]

Unethical? I don't believe in TA and price action having an edge as it is propagated by those with alternative motives or self-aggrandization reasons.

Heck, the most verbal proponent of price action on this site was outed as a stealth vendor who sells $5.00 ebooks under an alias to Noobs via private messages----

#logicfail. have you considered that finding on example of a rogue vendor using a type of strategy does not mean that the strategy has no use? just sayin. trading is full of #logicfails which for some people is a good thing. long may it continue. GL.

 

[marketsurfer]

#logicfail. have you considered that finding on example of a rogue vendor using a type of strategy does not mean that the strategy has no use? just sayin. trading is full of #logicfails which for some people is a good thing. long may it continue. GL.

True.

But it does show that @vendors" are attracted to these ideas because the ideas resonate with the masses -- not because they work

 

[londonkid]

True.

But it does show that @vendors" are attracted to these ideas because the ideas resonate with the masses -- not because they work

not following your logic here. Vendors will naturally promote whatever they can sell. If they think they can sell TA methods then they will do that. If they think 'order flow' is the latest fashion they will sell that. That doesn't prove TA cannot be used to work. It's faulty logic.

Anyway this thread is about 'teaching your children to trade' and it seems to have morphed into a 'TA doesn't work thread'. Something which is a recurring theme around these parts. lol.

 

[marketsurfer]

not following your logic here. Vendors will naturally promote whatever they can sell. If they think they can sell TA methods then they will do that. If they think 'order flow' is the latest fashion they will sell that. That doesn't prove TA cannot be used to work. It's faulty logic.

Anyway this thread is about 'teaching your children to trade' and it seems to have morphed into a 'TA doesn't work thread'. Something which is a recurring theme around these parts. lol.

Yeah. That is strange. The reason appears to be thst these gonzo TA proponents equate trading with TA. They think its one and the same thing. Read the posts, see what i mean?

 

[theapprentice]

Could you teach them your special system, and then tell them to go a find a career that actually interests them, even if the money is poor.
Then, if they decide they want to buy a new ferrari, they can take a holday from work, trade for a few weeks, buy a ferrari with their profits, and then go back to their job as a dog walker or whatever it is that they like doing for a job