The Truth About Prop Trading: Join Us or Perish

[cornix]

Quote from marketsurfer:

This is exactly what I mean by nonsense. Cornix means well, but this type of saying is similar to the JH vs the steam engine tales of the late 1800's. http://en.m.wikipedia.org/wiki/John_Henry_(folklore). I am intrigued as I believed the last vestiges of this type of belief vanished about 3 years ago in the western markets. Now, it's poping up among even the educated in far away places and the south/ Midwest sections of US. Once I determined these folks are not just jerking me around , REDAcTED. Yes, there is geographic tendencies here--- stay tuned for further anthropological research.

Nonsense applied to trading IMO is using tools, which don't work. If TA/chart reading does work for me and many other people, should we stop doing it you say?

 

[marketsurfer]

Quote from cornix:

Nonsense applied to trading IMO is using tools, which don't work. If TA/chart reading does work for me and many other people, should we stop doing it you say?

LOL! anyone want to place bets on the winner?

VS

The TA Chart Reading Brigade

 

[ammo]

here ya go surf http://www.simplyhired.com/a/jobs/list/q-used+car+sales coffee and donuts are probably included

 

[HurricaneUS]

Quote from Eyez:

Information edge huh?

Looks like a triangle breakout there, and whats that I see... support and resistance? wtf?


So the real group of traders are using TA, which you are referring to as information edge?




LOL... you can't make this shit up!!!


http://www.thegoldandoilguy.com/articles/


LOL!!!!!!!!!!

Surf is "in the closet" when it comes to TA. Price Drivers are nothing more than a rudimentary form of TA

 

[cornix]

Quote from marketsurfer:

LOL! anyone want to place bets on the winner?

Ahh, not fair argument, Surf.

If I say chart reading works it's not the same as to say reading any chart works equally for everyone.

 

[marketsurfer]

Quote from cornix:

Ahh, not fair argument, Surf.

If I say chart reading works it's not the same as to say reading any chart works equally for everyone.

Ok, fair enough. Let me make a statement to clarify. I believe reading charts while actively trading from them does not increase your win/ loss ratio above 50/50. Therefore, random entries would work the same--- but at the same time, I think it's possible for some people to make some money with random entries and excellent money management skills. Although the time isn't worth the reward in most cases.

In other words, your success is despite the charts, not because of them.

surf

 

[cornix]

Quote from marketsurfer:

Ok, fair enough. Let me make a statement to clarify. I believe reading charts while actively trading from them does not increase your win/ loss ratio above 50/50. Therefore, random entries would work the same--- but at the same time, I think it's possible for some people to make some money with random entries and excellent money management skills. Although the time isn't worth the reward in most cases.

In other words, your success is despite the charts, not because of them.

surf

Not to sound arrogant, but Surf, my IQ is 130... of course I tested random entries alongside with real-time chart reading, cause it always got me very interested why chart reading works and if it's reality or delusion. Evidence shows entering with momentum on your side provides clear extra edge vs. random entries and same money management.

One word from physics: inertia.

 

[ammo]

surf ,do you find out if a client is a bullshit snake oil salesman or bonafied investor before pursuing all of your deals, same as chart reading

 

[PorkBellies]

the bullcrap is strong with this thread

 

[marketsurfer]

Quote from ammo:

surf ,do you find out if a client is a bullshit snake oil salesman or bonafied investor before pursuing all of your deals, same as chart reading

I'm not sure what you mean. Thanks. Surf