Trading is for dumb people

Quote from options2001:

Getting a new alias every other day and starting stupid threads every day is dumb and wierd
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Everybody is entitled to my opinion. Maybe what I said have been helpful to some1. Not you of course. Trading is about sharing ideas, you take what can work for you and leave the rest. What works for me, does not work for the next guy. In fact the reason why I am successful with my methods are, is I got it from some1 else. What could have happen, had I discarded it as stupid?
 
riskarb - lmao

Now that's funny! :)

Quote from riskarb:

Dear Friend,

I am the son of the late President of Zaire (President Mobutu Sese Seko)
now known as the Democratic Republic of Congo and under the leadership
of the, son of Mr. Laurent Kabila. I presume you are aware there are
financial dispute between my family (THE MOBUTU) and the present
civilian Government. This is based on what they believe as bad and
corrupt governance on my late father's part. May his soul rest in
perfect peace.

You may have heard how a lot of my father's bank account in Switzerland
and North America has been frozen. Following the outlined reasons, I am
soliciting for your esteemed organization's confidential assistance to
take custody of Ten Million United States Dollars (US$10,000,000.00) and
also to front for my family in the areas of business you consider
profitable.

This Consignment containing the funds have secretly been concealed and
deposited with a Diplomatic Security firm where it can easily be taken
delivery of by a recommended beneficiary. The consignment containing the
funds were shipped as diplomatic items of high values and will be
released to you by the Security firm based on my recommendations on that
note; you will be presented as our partner who will be fronting for me
and my family in any subsequent ventures.

I and my mother have decided to give 25% to you for your assistance if
you are able to help us claim this consignment, 5% for any expenses that
may be incured during this transaction, and the remaining 70% for my
family.

Please, I need your entire support and co-operation for the success of
this business ventures, your utmost confidentiality and secrecy is
highly required, due to my family's present predicament. I am presently
in the refugee camp here in the Netherlands under the United Nations
refugee camp in Netherlands and I can be reached by responding to my
private email address only for now.

I sincerely will appreciate your acknowledgement as soon as possible, as
I intend to leave the asylum procedure once the consignment is in your
possession.

God bless you as I await your uegent response.
Yours Truly,
Mr.Sanku Sese-Seko
More...
 
Quote from tradewiz50:

Guess you got it all figured out Africa.....:confused:
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Not really Tradewiz50. I never wanted to figure it all out, just wanted a method to have some wins at least, and I just do beta than I expected.
 
Quote from riskarb:

Dear Friend,

I am the son of the late President of Zaire (President Mobutu Sese Seko)
now known as the Democratic Republic of Congo and under the leadership
of the, son of Mr. Laurent Kabila. I presume you are aware there are
financial dispute between my family (THE MOBUTU) and the present
civilian Government. This is based on what they believe as bad and
corrupt governance on my late father's part. May his soul rest in
perfect peace.

You may have heard how a lot of my father's bank account in Switzerland
and North America has been frozen. Following the outlined reasons, I am
soliciting for your esteemed organization's confidential assistance to
take custody of Ten Million United States Dollars (US$10,000,000.00) and
also to front for my family in the areas of business you consider
profitable.

This Consignment containing the funds have secretly been concealed and
deposited with a Diplomatic Security firm where it can easily be taken
delivery of by a recommended beneficiary. The consignment containing the
funds were shipped as diplomatic items of high values and will be
released to you by the Security firm based on my recommendations on that
note; you will be presented as our partner who will be fronting for me
and my family in any subsequent ventures.

I and my mother have decided to give 25% to you for your assistance if
you are able to help us claim this consignment, 5% for any expenses that
may be incured during this transaction, and the remaining 70% for my
family.

Please, I need your entire support and co-operation for the success of
this business ventures, your utmost confidentiality and secrecy is
highly required, due to my family's present predicament. I am presently
in the refugee camp here in the Netherlands under the United Nations
refugee camp in Netherlands and I can be reached by responding to my
private email address only for now.

I sincerely will appreciate your acknowledgement as soon as possible, as
I intend to leave the asylum procedure once the consignment is in your
possession.

God bless you as I await your uegent response.
Yours Truly,
Mr.Sanku Sese-Seko
More...

You owe me for a new keyboard, when I read this I did a spit take that would have put Soupy Sails to shame. Good stuff.

Rennick

ps. I was drinking a glass 3 fingers full of Cutty, so you owe me that too.
 
Quote from DannoXYZ:

If it's so easy, why do the majority of traders lose and close up shop?
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I cannot tell with authority, as there might be zillion reasons why people fail. Maybe they lack simplicity in approach, maybe they are out of sync with the markets, or they want to reason in mathematical terms with the market, or they trade with scared money, or they have too much information on the markets and have trouble dissemating it for proper understanding, or they believe CNBC or Bloomberg, Or my favourite reason they thought they can apply playstation 2 technics to the markets.
 
Quote from Africatrader:

I mean what about trading is s difficult? What do you need to understand trading, not much. The market either goes up, down or sideways and that you can see if you look at where the market is coming from. what about that is difficult. I do not understand the fuss about mathematical theories, waves and rest of bull.

I think those trying to tell us that the failure rate is high are people who failed trying to complicate simple things. Uneducated people fare better at trading than those trying to tell us that you need this formula and this theory.

The best things in life are simple, or maybe there is really nothing common about common sense.

I am a microbiologist by career and trade as a hobby. I trade with only 2 indicators, RSI and MACD and nothing else. and what I do is very simple. It takes me 2 seconds to see if I can trade or not by just wacthing this 2 indicators. 2 seconds! I do not have bragging rights to this business, but I have been trading for 5 years now. Still using the same old technic. Nothing has changed. Recently I have discovered that it is also very easy to trade the news, with subscription to news service. Watching by people trying to fleece others, claiming they have the secret, I can do so and earn more money, because I win 8 out of 10 trades. But no need.

Trading is simply and VERY easy.
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Stick with your day job, totally ignorant & disrespectful of trading. People fail because they have your view of trading.
 
Quote from Ripley:

Did you mean, elephants are dumb and you trade dumb elephants? You're a dumb elephant trader? :confused:
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you have to have some dumbness to trade successful, or you disagree einstein? and that difference between you and me has been the FACTOR between success and failure of traders. I said I win 8 out of 10 trades. Not taken everyday though, but very successful when I take them. O I forgot to mention that I aim only for 20 pips and close my position, though in many instances I know that the market will go in my favour further after I take my profit. What is your average einstein. I will even tell you how I trade if you care!
 
Hey.. don't let my childish comment fool you.. i CARE about YOU a LOT.

Yeah.. you hit it right on the head. My averages aren't that good as yours. But, you're right about that FACTOR between success and failure of traders are very thin.

So, I am just curious.. why would you take profits even when you know that the trade will continue to go your way? and some basis behind your trades wouldn't hurt either so as to understand where you are coming from.

Quote from Africatrader:

you have to have some dumbness to trade successful, or you disagree einstein? and that difference between you and me has been the FACTOR between success and failure of traders. I said I win 8 out of 10 trades. Not taken everyday though, but very successful when I take them. O I forgot to mention that I aim only for 20 pips and close my position, though in many instances I know that the market will go in my favour further after I take my profit. What is your average einstein. I will even tell you how I trade if you care!
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