Quote from Steve Tvardek:
Just log off of this handle and log in under your "areyoukidding" one and you'll find out
I think that the Steve Osbourne and Steve Tvardek are the same person.
The difference between winners and losers
- Thread starter TheDr.
- Start date
I think that the Steve Osbourne and Steve Tvardek are the same person.
The difference: trading a good plan, and doing it consistently...
The above is a great expression of the reality of learning to make high velocity money.
Lets lay it out for TheDr also. His belief system up to this point is based mostly on the risk situations he says he puts himself in all the time.
before it has been noted that going from scratch in trading to expert should be done in a series of steps to make sure it happens and to make sure it is fast and to make sure that you make money all along the way.
Use the following picutre to see how this process unfolds.
Go to your map drawer and pull out four maps.
Layer them up so the risk map is on the top and the 1, 2, and 3 maps are lined up underneath. The areas covered by each map is the market and its operations and operating points.
The risk map relates clearly and concisely to all the risk levels of where anyone can be trading in the market.
The longitudes and latitudes of the maps create cells which give you the places on the map of how the market is working.
As the maps stack up and the color coding of novice through expert shows on all levels, it appears clearly that a beginner can only trade the no risk part of the risk map.
By looking at the cells and reading the descriptions within each, the trader uses the knowledge, skills and experience he has to make the money velocity of that cells operating characteristic.
The above description is very different than the risk TheDr is noting. His risks are very different than this maps risks. TheDR does not recognize the contents of any of the maps and he states that the 1 map is not part of his ways.
He is always at the same risk level he states. He has an overall risk approach that is designed to get the kind of results that he feels he can achieve within the limitations he has assigned to himself. In some books this place is called being "stuck". He is stuck and he created this place he is in.
Why has he created this limitation for the money velocity his equity curve is stuck with?
Is he a winner or loser. Neither it turns out. He is just a trader who cannot be effective nor efficient in making money.
What makes a person effective and efficient? As said regarding 1, 2, and 3, it is a building process not yet begun by TheDr. He states why he is not going to build himself. It is not a necessity for him because he uses a strategy to stay out of the market or get out of the market when it is eating his capital.
The object of effectiveness and efficiency is to realize the potential that the market is offering. It is possible to notice that the market continually offers its potential to everyone. Here is a picture for you to always remember. Every time you look at the market someone is making money at that time. Your job is singular, be in the market and be making that money that is always offered.
You get there by building your knowledge, skills and experience to be able to operate successfully with every cell of the market. TheDr is one of the persons, who on occassion will be opposite you giving to you what the market offers at that time. He just stops giving it to you when he reaches his pain threshold and leaves the market.
Why is he stuck in the place he resides??
Experience and knowledge have nothing to do with winning: many--if not most losing traders--know both fundamental and technical indicators; and losing traders also have years of experience.
The winners' trait is often called "talent", "motivation", or--as Tvardek puts it--"skill". That this trait can be precisely defined or quantified is dubious. Those telling losing traders that winning can be learned don't know winning themselves. Gurus' list is long: Wade Cook, Larry Williams, Ken Roberts just to name the most infamous.
The winners' trait is often called "talent", "motivation", or--as Tvardek puts it--"skill". That this trait can be precisely defined or quantified is dubious. Those telling losing traders that winning can be learned don't know winning themselves. Gurus' list is long: Wade Cook, Larry Williams, Ken Roberts just to name the most infamous.
Well, if you arent the same person, you sure make the same exact comments and post the same type of stuff. Its eerie
Thats funny. I try to post some usual stuff that guy sounds like a maniac.