Trading is easy, very easy, damn easy

Quote from Johno:

MrCharts, I'm starting to enjoy this thread. How about giving us a hint about your last persona.

Best Regards

Johno
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That matter has already been cleared up.

I am a member of TFF - a group of like minded traders that concentrate on daytrading stocks, index futures, options and some commodities.

Our goal is very simple.

We lose small and try to have our winners multiples of our losers.

10 losing trades in a row does not make us even blink, for we know that the winners will tip the balance well in our favor.

Of course, we are not fools, and we are ever striving to get the ratios improved, as there is no reason why we can not do so, but that is not our main goal, our main goal is to come out winning after a set number of trades, which we do with good consistency.

I hope all is clear now?
 
Quote from MrCharts:

That matter has already been cleared up.

I am a member of TFF - a group of like minded traders that concentrate on daytrading stocks, index futures, options and some commodities.

Our goal is very simple.

We lose small and try to have our winners multiples of our losers.

10 losing trades in a row does not make us even blink, for we know that the winners will tip the balance well in our favor.

Of course, we are not fools, and we are ever striving to get the ratios improved, as there is no reason why we can not do so, but that is not our main goal, our main goal is to come out winning after a set number of trades, which we do with good consistency.

I hope all is clear now?
More...

Would you care to expand on TFF.

Best Regards

Johno
 
Quote from Tradesall:

...Jack...doesn't do anything he says
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But didn't he say that he was hired by the United Nations to explore the outer reaches of his imagination?
 
Quote from Johno:

Would you care to expand on TFF.

Best Regards

Johno
More...

TFF has several members, three of which you have had the pleasure of meeting already.

NYSESTOCKS is the screener.

THE GENERAL is the lead tactician and sets out the game plan for the day.

MR CHARTS sits back, looks at the lovely paintings and notes where the imperfections are.

There are two more in the group, but I have been instructed to not say anything about them for now, as they might just want to speak for themselves.

We all met thru online websites such as this, and all of us were of course ridiculed by most, which to us was all part of the game.

Like attracts like is very true, but make sure that you attract the right person, as you can see from some of the replies here that some are just down right idiots, who think, just because they can sit behind a piece of plastic and punch a few letters that they are some sort of expert at something.

Humility is a rare trait these days, and if more practiced it then they might just improve their lot.

I will help people if I can, if not it will be no fault of my own, as I always observe and practice the universal Laws, as I know that they have been proven correct from time immemorial, and by the mere act of trying to sincerely help others one will improve their lot, and this I know is true from first hand experiences.

Of course, the Bible does rightly say,

"An Eye For An Eye" :D
 
Quote from Tradesall:

Uh huh.. get Jack to clear up the story he tells about being a professional adventurer that was head hunted by the United Nations and several countries to go to Antarctica and save the Earth while you are at it..

I'm not shitting you, he actually said that


http://www.elitetrader.com/vb/showthread.php?s=&threadid=161373&perpage=6&pagenumber=14

Jack lives in a fantasy world because the reality of his monumental failures are too much for his ego to bare.. he doesn't trade.. he doesn't do anything he says
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I will see if I can get Jack to post a live trade for us?

Has anyone actually asked him nicely, or does everyone attack him and ask him at the same time, for that will never work.

Maybe behind it all Jack has some good information that will help some traders?
 
Quote from Thunderdog:

Ten losing trades in a row and you can call me Blinky.
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For those who might not yet be starting to see what is on the canvas, I will expand a little more.

Daytrading can be fast, or slow, it depends on the actual day and what the big players have decided to do that morning (news releases have a big impact, doh!)

Leaving news aside, there are certain times that are best to daytrade (another doh!).

Trading only one stock is fine if you are starting out, but when you have to make money to pay bills, college fees, new cars, holidays, nice white teeth, cosmetic surgery of one sort or another :eek: , etc,etc, then one stock might just not be enough.

So, you need to have a good game plan that capitalizes on the big boys movements.

Fall down in one of the key areas, and all that required money might never hit the bank account.

5 stock trades, at once, with 2 losers on all 5 is 10 trades - so what!

5 losers on all trades is 25 losers - hmm, now that is a little bit more than one should allow to happen, but if set up correctly and prepared then it is OK, once it does not become common practice.

Of course, 10 losers in a row on 1 stock, is the same as 2 losers on 5 stocks, so this is fine.

The % risk is a key element, how one decides to risk the % is up to him/her, and will depend on confidence, experience and of course, amount of reserve capital.

Plan you trade and Trade your plan.
 
Quote from Tradesall:

Uh huh.. get Jack to clear up the story he tells about being a professional adventurer that was head hunted by the United Nations and several countries to go to Antarctica and save the Earth while you are at it..

I'm not shitting you, he actually said that


http://www.elitetrader.com/vb/showthread.php?s=&threadid=161373&perpage=6&pagenumber=14

Jack lives in a fantasy world because the reality of his monumental failures are too much for his ego to bare.. he doesn't trade.. he doesn't do anything he says
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I have looked at the link you posted, and at the 2 photos of the ice area.

Jack might be saying something here that very few can see, but I have seen that from some of his words it is not all about the ice!

Some people like using pictures and stories to convey information, but like viewing our famous Mona Lisa painting, most will not see anything of value, just a dull and not very good looking woman, but I bet you all could not take their eyes of the right hand Mona Lisa and her slight imperfections!
 
Quote from Tradesall:

Oh please, his pathetic and poorly implemented NLP is laughable.. he hides behind it when people call him out.. the only ones that actually fall for it are the non native English speakers that make up his small band of drooling sycophants.. there's a sucker born every minute
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We will let time be the judge and see if Jack agrees to do some live trading.

This, to me, is the best solution, as it will clear up any misunderstandings.

If Jack does not agree, then he can of course explain why, and based on that explanation, others may judge him, but like any other man, he has the chance to speak the truth at any time, and any person who speaks the truth need never worry about what they have said.
 
Quote from MrCharts:

BPtrader has a very good thread going on trading in relation to how hard it is to learn and become profitable.

This thread is not to refute what BPtrader has said, but to challenge it, as anything of value must be challenged to verify its effectiveness.

With that, I say that trading can be very easy for those who accept it as a possible fact.

Of course, accepting a possible fact is but one step in the right direction and what the trader decides to actually do next will make the difference, or determine the outcome.

Will the fact become a reality for you, or like many of us have you decided to take the road that is traveled by many?
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Everything is easy once you know how.
 
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