Trading is for dumb people

Quote from FITENOB:

Stick with your day job, totally ignorant & disrespectful of trading. People fail because they have your view of trading.
More...

No they fail because they have your view. What excatly about my input is in your face, the fact that I am successful in trading (something which has taken me a long time and lost accounts) or the fact that you seem not to understand how some1 can do it with so much ease? How is your trading and what is your beef with my statement. O and I am not disresoectful of trading. it's just that I think there ought to be some fun too, while making making
 
Quote from Ripley:

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.
More...

That has been the MOST difficult thing in my learning years to do. To take what your plan dictates to take. Even though you know you can take more. I started with 5 pips, than 10 than 15 until i said 20 and that's it. The only difference is that I increase my lot size. Try that yourself, VERY DIFFICULT
 
Quote from Africatrader:

That has been the MOST difficult thing in my learning years to do. To take what your plan dictates to take. Even though you know you can take more. I started with 5 pips, than 10 than 15 until i said 20 and that's it. The only difference is that I increase my lot size. Try that yourself, VERY DIFFICULT
More...

Whats you stop loss on that 20 pips profit target?
 
Quote from Ripley:

Whats you stop loss on that 20 pips profit target?
More...

It's being determine by the relationship between MACD and the histogram, but never more than 25 pips.
 
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.
More...


If you were really that smart, and it was really that easy, you'd be trading for a living instead of staring at petri dishes all day.

When you trade, you are playing a game against the best of the best in the ultimate game of chess and checkers combined. Trading is simple, but far from easy....to think otherwise is just foolish.
 
I understand what Africatrader is trying to say, I wouldn't use the word DUMB though, as a dumb trader is more likely to keep doing something really stupid, rather than make consistent right decisions. The error is in the wording here, in principle I agree here.
 
You must log in or register to reply here.
Back
Top