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austinp said:
You believe wrong. I couldn't care less what anyone in this site thinks or believes. I am simply taking the other side of this endless, and by that I mean years' long unending conversation.

What I believe is irrelevant, we are discussing the nonstop array of threads that hammer on the points that trading is impossible. If so, why are all those messengers of enlightenment still wasting their time here?
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Statistically speaking, there are various types of lucky people that inhabit this planet, within a multitude of categories.
 
helmholtz said:
No, hope springs eternal in the minds of speculators and traders. Some will make it but the majority will not.
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I agree with that too. Now for the segment of former market participants here who have since come to believe that successful trading is impossible, what compels them to return here and post that same message incessantly?

If you & I believed it was impossible to catch a 30 pound largemouth bass anywhere in the world, we might be right. We might be wrong too, but we believe we are right. With that in mind, would you consider it rational behavior to haunt fishing message board forums for years on end, constantly repeating that bass fishermen trying for a 30lb fish lose, they just lose?

How can you explain the behavior of each and every naysayer who posts such things as archived in many recent threads? This one is a fraud, that one is a fraud, 0 out of 100 prescreened traders failed because nobody succeeds. OK, great. The readers here are convinced y'all disbelieve. Now why are you still compelled to come here?

What is in it for you? What's the personal pay back for spending endless hours of precious time preaching failure?
 
DR.BOUYE said:
Statistically speaking, there are various types of lucky people that inhabit this planet, within a multitude of categories.
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What the hell does that have to do with this conversation? If one success out of countless failures exists in this profession, why do those who are convinced success is impossible keep wasting life's precious time preaching the negative to complete, random strangers here?
 
austinp said:
What the hell does that have to do with this conversation? If one success out of countless failures exists in this profession, why do those who are convinced success is impossible keep wasting life's precious time preaching the negative to complete, random strangers here?
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Whoever stated that success within the world of financial market speculation would be easily accomplished?
 
DR.BOUYE said:
Whoever stated that success within the world of financial market speculation would be easily accomplished?
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whoever stated finding bigfoot would be easily accomplished?

now what does either of those questions have to do with this conversation? I'm curious as all hell what the psychological driving force is behind the persistent posters of failure and doom. That is the question, nothing else. Why do people purposely waste their time trying to affirm the negative of something they don't believe in? What is the personal reward to them for such behaviors?
 
austinp said:
whoever stated finding bigfoot would be easily accomplished?



Austin, big foot has never actually been discovered. Do you understand the obvious flaw within your argument?

Jesting aside, i can actually empathize with you on your main point.

I would only surmise that the naysayers are part players within an overall game.
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I hope you are not inferring that I preach trading is impossible., AP. Very much the opposite. I simply try to counter those who continuously mislead ( without any evidence at all, even when requested) with ridiculous claims of success. I respect everyone who try's the markets except the cranks and charlatans. Success is possible, just not in the ways most charlatans preach. Look at Tim Sykes-- he found a real edge, he exploited that edge and made verified millions from it. He is the real deal yet he was vilified on this site----- I was just at his Miami mansion. It was like a real life Entourage series. The guy lives large and can back up his words 100% yet the phonies hate him??? What's up with this. Jealousy must suck.

I was loved on this site for years, untill I started being mentored by Vic Niederhoffer and came to conclude 98%of charts and TA are pure garbage. I tried to help others with what I learned but it was useless back then. Finally some are starting to see the light.

HH

PS-- we should get together for some monster carp fishing in Long Sault st Lawrence river this summer!
 
helmholtz said:
It's not impossible. It's improbable in the way described by ND DP and the rest of the never /rarely a losing day folks who use nothing but past price describe. I have seen a lot, but I have not seen everything. Thus I am open to watch in real time one of these folks do what they say-- but that will likely never happen.
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Experienced swing traders rarely have losing quarters.

Experienced trend-following day traders rarely have losing weeks.

Experienced scalpers rarely have losing days.

There's the Trader Ed guy who's willing to trade in front of you all day to demonstrate this, so if you want to see it with your own eyes instead of taking the time to apply a positive expectancy price action setup (trend line breakout pullback, for example) to a slew of charts to test it and see that it's possible to have no losing days as a scalper, go watch him trade.
 
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