Trading is for dumb people
- Thread starter Africatrader
- Start date
Ah, Jack! Welcome back! I applaud your determination to use your real name, as I do mine. ET has been SUCH a dull place without you these past two months. But I know why you are back. The members of the Tuksan IBD are just not in your class. How did they react when you said the dread word "short"? And when you said the f-word (futures)? Futures are for farmers? You cannot imagine how many of us have missed you (I mean your disloyal opposition). Oh, how my PM buddies have yearned for your return! Jackito, ergo sum! And if you are nice, I will teach you some extenstions to SCT I have discovered since your hiatus operation. My fondest regards to Liz, Kokomo, and Bogart. Mike.
Quote from kiwi_trader:
Because he lets his need to be smart get in the way of trading well.
I am thinking of compiling a list from this thread of all the traders who feel insecure about their intelligence ... but I might just be too smart to waste that much time on it.
Cheers
Hi Kiwi
I think you are one of the few, with the gift of enjoying life. I wish you all the success in your trading and the rest of your life's endevours
Thank you Cesko, point well taken and I again apologise if I sounded boasting, not intentional.
I did not say I am a multi-millionare. and that reply was to highlight that trading was not my main source of income and that I was not a fake.
Also being a multi-millionare is very subjetive, as you might know. where I am US$ 200,000.00 will make me a million and I know an Africa state where a loaf of bread will cost 1,000 000.00 in thier currency.
Goes to show it sometimes help to think dumb!! LOL
Your words are highly appreciated and I thank you for sharing your affiliation with the Mother Continent. Most certainly as the world is becoming a big village I am sure our paths might cross oneday. I also wish you success in your trading. it is also true that some members had a hard time to digest the true meaning of the thread, but they are entitled to agree with me, though they chose otherwise, which I respect!
Hi Hans, please to meet you. Interesting statement, which brings us to the following.
If you write a book titled " How to fail" and the sales were horribly, I mean not a single book sells. Did you succeed?
To all those traders out there, who felt insulted by my remarks that trading is for dumb people.
What is your definition of dumb? Am I dumb because I use RSI and MACD or because you can't understand how I have such a successful system with "dumb" indicators. Is it because I do not use the FIBS, the GANN'S and the ELLIOT's, to be honest I do not understand them. Or do you feel insulted, because you think your doctorate, vocational training, or Master's achievement have not been respected. Or are you too intelligent to understand that you can apply the same intelligence to the markets as your conventionally self tries to tell you. I did not say you are a dumb Daddy or Mom.
We all do more or less the same thing, when we trade. We look at where the market is coming from and where it is headed to. That does not require intelligence. Next we gather information through whatever process to raise our probability for what we want to interpret the market is doing or going to do.
I do not adhere to the principal that one has to be an einstein to do that. when I was learning to trade I did what most did. Got to intimate with trading, trying to take it serouisly, one seminar to the other, over continental flights for a 2 day seminar, thousands paid in fees, and voila it hit me. The entire market is moved by the "belly parameter"
Success, food, more sex, coffee, moving to a better neigborhood, exoctic holidays, Pantom in the garage and the list goes on. The other trader? Trader with scare money, wanting to quit his day job, wanna move out from the getto, child maintenance issues, a pending divorce, fearing joblosses, being sued and what have you. That to me is the people in the market. What science is needed to a hungry man, and what mathematical equation is needed to sum up a wealthy man, when you see one? None.
Believe it or not, my approach to trading is based on the belly parameter. I can see this EVERYDAY in the market. I can also see when both this 2 groups are logger heads. it probably will not make sense to a lot of traders out there, but recently the local dailies did report about a farmer, (South African) who uses cellphone signals to locate underground water with a very high successful rate. Even in areas where the authorities has difficulty to find water. of course he does'nt wanna tell how he does it.
goes to show you.
What is your definition of dumb? Am I dumb because I use RSI and MACD or because you can't understand how I have such a successful system with "dumb" indicators. Is it because I do not use the FIBS, the GANN'S and the ELLIOT's, to be honest I do not understand them. Or do you feel insulted, because you think your doctorate, vocational training, or Master's achievement have not been respected. Or are you too intelligent to understand that you can apply the same intelligence to the markets as your conventionally self tries to tell you. I did not say you are a dumb Daddy or Mom.
We all do more or less the same thing, when we trade. We look at where the market is coming from and where it is headed to. That does not require intelligence. Next we gather information through whatever process to raise our probability for what we want to interpret the market is doing or going to do.
I do not adhere to the principal that one has to be an einstein to do that. when I was learning to trade I did what most did. Got to intimate with trading, trying to take it serouisly, one seminar to the other, over continental flights for a 2 day seminar, thousands paid in fees, and voila it hit me. The entire market is moved by the "belly parameter"
Success, food, more sex, coffee, moving to a better neigborhood, exoctic holidays, Pantom in the garage and the list goes on. The other trader? Trader with scare money, wanting to quit his day job, wanna move out from the getto, child maintenance issues, a pending divorce, fearing joblosses, being sued and what have you. That to me is the people in the market. What science is needed to a hungry man, and what mathematical equation is needed to sum up a wealthy man, when you see one? None.
Believe it or not, my approach to trading is based on the belly parameter. I can see this EVERYDAY in the market. I can also see when both this 2 groups are logger heads. it probably will not make sense to a lot of traders out there, but recently the local dailies did report about a farmer, (South African) who uses cellphone signals to locate underground water with a very high successful rate. Even in areas where the authorities has difficulty to find water. of course he does'nt wanna tell how he does it.
goes to show you.