Trading is easy, very easy, damn easy

Quote from Redneck trader:

Hey Dr. E

I would pose - You could place it on a silver platter and most would turn their back anyway

I believe MC is trying to help those - who care enough to make the effort to help themselves Sir

But as one person cannot possibly know another's mind - anything is possible

regards

RN
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Only two things are infinite, the universe and human stupidity, and I'm not sure about the former.
Author: John Dryden
 
Quote from trader_david:

trading knowledge can be easily acquired
trading skills can be easily learned

mentally you can think it is easy, then it is easy, just like self-prophesy.

from those points, you see it is damn easy.

the problem here is: knowing or having or talking is totally different from doing

the hardest thing in trading is: doing. in doing, you find you are beaten up by the market or you may be the hero or the market center

you know if you jump off a cliff, you may still live with no major injury,but ask you to do it in reality, will you do it?even you know it is just a jump, it posts no harm, but you could not do it!
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Let us not lead the poor people into the poor house.

A certain type of mentality, or how one thinks, is required in order to be able to trade and accept losses for what they are.

It is very obvious that if one is just a good loser, that will not make one a successful trader, for all that it really means is that the tap will drip for a bit longer before the water stops running.

Once the foundation is in place, time is then of the utmost importance, or to be more specific, what one does with one's time!

If one wastes ones time speaking with experts and gurus, and decides to try every TA combination under the sun, then that may well be the worst decision that one ever made in ones life.

On the other hand, if one could understand that there are but a limited number of ways to read the market correctly, then it becomes a totally different ball game altogether!

Fools are seen for what they really are, and those that actually know a bit about these limited ways stand out like a sore thumb, but they seldom surface and post words of wisdom for the general public to digest, why, because as RN rightly said, they know that it will just fall of deaf ears!

Here is a very simple question.

How does one know the difference between the ones I just spoke of - how can you tell the one who is seriously trying to learn from the usual idiot who thinks he is smart, but really is just a thick dumb ass trader?
 
Quote from ProfLogic:

First, I've been watching this thread for almost a week. Personally I like to read the posts here on ET better than watching the "talking heads" on the idiot box. They are more entertaining at times and sometimes more intelligent if you filter through the flames and snide remarks.

Second, do not flatter yourself that anyone thinks your posts are worth trolling for. Your posts are all comments, none are contributions. You've stated yourself that this forum's only value is to blow off steam and take out your personal frustration so your comments are treated accordingly. It is simply a shame that you choose not to contribute something positive. Probably a good reason for that.

Third, I made my comment on your post because it was amazing that what you stated is the foundation of how I trade, with the noted exceptions, yet you find such pleasure in spewing your venom changing a person's posts or taking comments out of context because you and your minions think it's funny to try to aggravate posters with your sophomoric acts. To each their own.

The truly funny part was that I made the initial comment, not to start an argument. It wasn't a snide remark. It wasn't a flame, it was just a statement. As usual we see where you have already begun to take it.

I won't take this thread off topic like you already have so I will move on till you troll for another thread I've made a comment in so you can try to start another flame war.

My apologies MrCharts for the momentary disruption.
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No need to apologize at all PL, as you are as much right as everyone else here.

Even though I don't like mentors per say, as long as one posts information that others might find useful, then in my eyes that is all that really matters, if one want's to take money from fools that will hand it to them, then I say good luck to them, for everyone gets exactly what they deserve.
 
At first I look, but naught I see
And wonder what, is wrong with me
For he said that, it is like so
And he must know, his count not low

If tweak I some, and tweak I more
Then I must find, what makes me score
So much to try, and much to hold
I'll need a pot, for all that gold

Some time has pass, short still the grass
What can it be, for it's not me
I must be blind, for not to see
And sure I am, good buzzie bee

What next I do, to find the clue
Do more without, or self give clout
Might it be so, and some do know
His words were small, but look they tall

Now I must say, here and today
STOP I will, take time to chill
I need to look, not like a book
But mirror show, what I must know
 
Quote from MrCharts:


Some time has pass, short still the grass
What can it be, for it's not me
I must be blind, for not to see
And sure I am, good buzzie bee


Now I must say, here and today
STOP I will, take time to chill
I need to look, not like a book
But mirror show, what I must know
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The buzzie bee (trader) goes from flower to flower (trade to trade) taking a little nectar from each flower (taking a little cash from each trade).

Mirror show what I must know (look at the chart in reverse).

Just a guess.
 
only a fool will jump off the cliff and belive he will not get hurt!

look around, or this site, people first thought they will get rich through trading in short period of time, but end up years and years they are still struggling, blew up one account and another one and on and on! some people even quited their jobs and joined the day trading group, they found they are trapped by their own illusion, they could not get rich quickly, the learning curve for average people is 5~10years and the learning fee is higher than your imagination, still lots of people can not graduate from this market school even lifetime!

trading is not easy. that is the fact. if you want to succeed in this business, you must fight against your own ego (think naively you are smart, think naivly you can do any thing you want...), your fear, your greed, your desire to be successful.... the common human being's weakness.

I believe a machine will do better job in this bussiness than a real human being. can you train a normal person into a machine or a robert? it is hard! hard very hard!

when a person feels bullish, he will see any uptick as buy signal even in a dropping market! or vice versa! that is human nature, you could not fight with it!





Quote from MrCharts:

Let us not lead the poor people into the poor house.

A certain type of mentality, or how one thinks, is required in order to be able to trade and accept losses for what they are.

It is very obvious that if one is just a good loser, that will not make one a successful trader, for all that it really means is that the tap will drip for a bit longer before the water stops running.

Once the foundation is in place, time is then of the utmost importance, or to be more specific, what one does with one's time!

If one wastes ones time speaking with experts and gurus, and decides to try every TA combination under the sun, then that may well be the worst decision that one ever made in ones life.

On the other hand, if one could understand that there are but a limited number of ways to read the market correctly, then it becomes a totally different ball game altogether!

Fools are seen for what they really are, and those that actually know a bit about these limited ways stand out like a sore thumb, but they seldom surface and post words of wisdom for the general public to digest, why, because as RN rightly said, they know that it will just fall of deaf ears!

Here is a very simple question.

How does one know the difference between the ones I just spoke of - how can you tell the one who is seriously trying to learn from the usual idiot who thinks he is smart, but really is just a thick dumb ass trader?
More...
 
Quote from MrCharts:

If one wastes ones time speaking with experts and gurus, and decides to try every TA combination under the sun, then that may well be the worst decision that one ever made in ones life.

On the other hand, if one could understand that there are but a limited number of ways to read the market correctly, then it becomes a totally different ball game altogether!
More...
More Gems, +3 :) :) :)
 
Quote from trader_david:
...the learning curve for average people is 5~10years and the learning fee is higher than your imagination, still lots of people can not graduate from this market school even lifetime!
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You can learn how to trade sooner than that if you fully commit and you are psychologically built for it.

when a person feels bullish, he will see any uptick as buy signal even in a dropping market! or vice versa! that is human nature, you could not fight with it!

This above quote is a true statement for people that don't make a living as traders. For people that make a living as traders, not to say that we're infallible (we certainly are not) but rarely do we impose our bias upon price action. Is it difficult at times to see price action objectively all the time? Absolutely. Is it possible to sustain a career imposing your will on price action? Nope.
 
Quote from SethArb:

this is all it is these days

the damn BOTS and biggest firms do this all day long

and all week long

nonsense I tell you ... it is all nonsense


http://cdn-images.hollywood.com/cms/300x375/5345053.jpg


:p
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Not exactly the truth.

They have one main advantage over most who invest for the longer time frame, and they use that advantage to make money in a very short time period.

It really is that simple, if you but accept the facts as they are.
 
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