The Key to Trading Well

[watchdaride]

i do believe the market changes and you need to readjust and upgrade your system ever so often .

 

[Cyclikill]

Quote from Champion:

No, the latch does not keep changing. If it does, you didn't have it in the first place.

If you think the latch doesn't change you are a newb on the other end of my contracts

 

[patoo]

Quote from Champion:

No, the latch does not keep changing. If it does, you didn't have it in the first place.

When the market switches from "Its all up from here" logic to "look out below" logic, the latch has moved. Some traders never figure it out, especially new ones.

 

[Joab]

Quote from jreynolds212:

If you put a cat in a cage with a latched door, the cat, wanting to get out, will try many areas of the cage (trial and error) until finally locating the latch and opening the door and getting out. If you put the same cat in the same cage, the cat, wanting to get out, will go straight to the latch and get out in no time.

Either you have found the latch, or the cage has no latch.

Cat's don't have thumbs

and

Cages have locks


sheesh, there should be a mandatory minimum IQ requirement to be on this site

 

[Wayne Gibbous]

So my neighbor and I each had old wells that weren't flowing enough during the Summer. They needed to be deeper.

I told him, if he would help me dig mine deeper, I'd help him. We dug mine first, then we traded to his well...

 

[HedgefundTrader2]

Quote from jreynolds212:

If you put a cat in a cage with a latched door, the cat, wanting to get out, will try many areas of the cage (trial and error) until finally locating the latch and opening the door and getting out. If you put the same cat in the same cage, the cat, wanting to get out, will go straight to the latch and get out in no time.

Either you have found the latch, or the cage has no latch.

Is that how you trade? Like a cat?

 

[piezoe]

from the 1961 edition of "the American College Dictionary" :

plagiarism copying or imitating the language, ideas, and thoughts of another author and passing off the same as one's original work.

Jreynolds, this is a serious offense, not to be taken lightly.

 

[patoo]

Quote from Joab:

Cat's don't have thumbs

and

Cages have locks


sheesh, there should be a mandatory minimum IQ requirement to be on this site

My 35year old parrot has no thumbs and he undoes the latch on his cage just fine. He also meows like a cat. And if he gets pissed enough he can pop the spot welds on the cage. Whats ur point?

 

[Cyclikill]

Quote from day7793:

Is that how you trade? Like a cat?

Better than trading like a whining bitch eh Day

 

[mokwit]

Quote from 322170:

If it's possible to be a successful trader why is it none of us personally know any. The majority of the people who claim to be pro traders are the ones we read about in their books or see at their seminars.
Take away their book sales and seminars and see if they can make a living trading?
(I highly doubt it)
Even those people offering educational services will not provide you with account statements verifying that they're profitable. Sure I've made money and I've lost money but overall it's been a real Tug of War. (not a psychological war ) I myself am still searching for the so called "latch" to the cage.(an edge or system) Most of the people who I know made there money by buying and holding longer term. I'm not giving up just stating my experience. There will be many posts by traders claiming that I'm full of shit and that my reply is simply not true because there so Great. Well if somebody wants to challenge my reply then I will say back it up. Prove it by showing P&L statements for a long length of time otherwise it's just randomness and not success.
Why is it that the guys that were so red hot awhile ago are not even talked about anymore? The so called Gurus (e.g.) Tony Oz, David Nassar etc... You can verify this by visiting the trader’s library and checking out the DVD section. Most of the traders in the DVD's are probably out of the game. Most prop firms cannot retain traders but they'll tell you they've trained hundreds of them. Well here's a question for the Prop firms. Where the hell did all of trained traders go? Think about it! If they made money they should still be at the firm but this is not the case. Most firms have less than 50 traders including those that trade remote. The one's that make the money in the prop firm is the manager who gets paid off of his or hers traders commissions. Why isn’t there more traders at these prop firms. A good firm would show you what makes money teach you how to trade it and then make money off of you by your trading commissions. But the sad fact is that there's nothing to teach you. This is the toughest business you'll find and the most important thing you can do is have Strong Money Management until you find the latch.

That's assuming this cage has a latch....

Perhaps those who know also know that it's pointless trying to teach people. Also those guru books are written for broad (sheep) apeal. What most people want is some simple system you follow that suposedly produces a result, so that is what is written and marketed because it sells. Following formulas or a syatem works in many fields, but fileds like sales and trading are too etheral. Books that actually do tell you something worthwhile are not popular. If they are braught back into print they quickly go out of print again because they lack broad appeal. There are exceptions, ROSO, Darvas.