Oh for god sakes, its Buffet already.... more proof you're just a guy here to generate page views and traffic.
To all thee would-be traders out there....
- Thread starter truth101
- Start date
You fail very important trader's test - your ego is too big. It will be hard for you to succeed in trading endeavor.
I know who it is your referring to His name is Handle123, now run along home your granny needs you to massage her bunions and fix her a glass of fireballz
Page views? Fir what purpose. No I'm just here trying to improve. But god help you if you say something opposite of the ET majority. I already found that out by criticizing the Crypto Cutrency clan
Now I'm speaking against complicated charts and analysis and of course it's not gonna be a popular stance. I guess all that stuff makes a trader feel smart or more sure of himself.
Omg. Gotcha has a brain.
Yes folks it's Buffett. No computer, no crazy indicators, Elliot Wave,etc.
Keep in mind that he is the most successful
American Investor ever. If he doesn't need all the complicated charts than why does anyone? I know the chart geeks will hate what I am saying. I know from experience that less info is better.
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There is abyss between you and Buffett.
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Everybody posting all these geometrical figures and shapes, this is exactly what you don't need. Everyone wants to to have their hand held and be told exactly what to do, but that isn't how this works. I have already said what you need to doing to improve. A lot of aspects of trading need to be self-taught. I have countless hours staring at intraday action, and as a result i have trained my mind to recognize intraday patterns and price action that happen every single day. Learn to PROPERLY draw s&r.
Price action is the only thing that will tremendously help fine tune your entries. If you can spot the entry the exit shouldn't be difficult to spot either. Keeping the range in mind will assist you in gauging how far the trade may go. If you can't put the time in to learn this stuff that's your fault and you;ll suffer the consequences.
I trade my own capital. Ive only been trading for 5 years. First 3 months i blew a 5k account. I traded sim for a year after that, until i was able to triple my account without every loosing my shirt. Now i trade live, I earn more than i would if i had continued college. I dropped out after 3 years because i wanted to trade full time. Ive learned more about myself in these last 4 years than my whole life. The people that shunned and criticized my decision, are now asking me to trade their capital for them. They don't understand what i went through to get where i am today.
You wanna know every successful traders edge?
The trader is the edge.
Anyways, i hope what i have said in this thread has not gone upon deaf ears.
I'm done commenting for now.
Price action is the only thing that will tremendously help fine tune your entries. If you can spot the entry the exit shouldn't be difficult to spot either. Keeping the range in mind will assist you in gauging how far the trade may go. If you can't put the time in to learn this stuff that's your fault and you;ll suffer the consequences.
I trade my own capital. Ive only been trading for 5 years. First 3 months i blew a 5k account. I traded sim for a year after that, until i was able to triple my account without every loosing my shirt. Now i trade live, I earn more than i would if i had continued college. I dropped out after 3 years because i wanted to trade full time. Ive learned more about myself in these last 4 years than my whole life. The people that shunned and criticized my decision, are now asking me to trade their capital for them. They don't understand what i went through to get where i am today.
You wanna know every successful traders edge?
The trader is the edge.
Anyways, i hope what i have said in this thread has not gone upon deaf ears.
I'm done commenting for now.
???? No There's a lot to leArn from the elite. How about Soros, a trader who made a Billion dollars in one day! On a currency play. Probably the largest Day trade in history.
I completely agree.
At the same time though, the I'm last person who would say that I know everything about trading. I'm sure some guys can even make trading work with just numbers and formulas and what is most likely to happen after price moves a certain number of ticks this way or that way.
That's why I first started asking about the performance metrics. I've seen too many of these trading experts waste months of time on something to "teach" someone else, and then when they get around to sharing stats, its obvious that simply guessing direction was just about as good.
I would once again like to ask what kind of trade performance these guys are getting from all these geometrical shapes. It seems like with such laser precision, they should be nailing 80% of the moves. But we all know this isn't the case, or else they would be rich and not wasting time on ET. But I would still like to know what they trades look like.
It really makes no sense for anyone wasting time on this if the authors can't supply how this intense study improved their trading. The most successful traders will say they get it wrong around 50% of the time, but when they get it right, they know to hang in and add. So if all this geometry isn't improving on this 50% number, what is the point?
Ah... the expert Jdesey, praising Soros on a single bet. No day trader would bet the bank on any one trade. Where is the risk management? There is nothing frm any day trader at Elite to learn from Soros.
Oh wow you really are an ignorant individual. You seriously think Soros doesn't understand risk management? Now that's funny.
You're gonna tell me A trader has nothing to learn from the greats like buffet, Soros or Zander! Wow! That's like telling computer programmer has nothing to learn from Bill Gates or telling a baseball player he has nothing to learn by studying Babe Ruth. At least I'm humble enough to know what I don't know. I never ever claim to be an expert.
Gotcha, your ego is crazy. Nothing to learn from the greatest of all time. Really?