Trading is NOT a business

YOU GUYS ARE GOING AT IT MUCH THE WRONG WAY.

I WILL TEL YOU WHAT YOU DID WRONG

YOU TESTED ONE THING MULTIPLE TIMES




GET IT

GET IT
GET IT


If you test 5 indicators called stochastics rsi etc.

all are OSCILLATION indicators. OSCILLATION is only one quality of the markets. IN FACT, there only less then TEN (!) differentiable market qualities.

You tested basically ONE QUALITY in ONE WAY. You didnt test 6000 combinations, you tested like 20 at most.
 
Quote from deadbroke:

An American investment banker was at the pier of a small coastal Greek village when a small boat with just one fisherman docked. Inside the small boat were several large yellow fin tuna.

The American complimented the Greek on the quality of his fish and asked, "How long does it take to catch them?" The Greek replied: "Only a little while."

The American then asked why didn't he stay out longer and catch more fish? The Greek said he had enough to support his family's immediate needs. The American then asked, "But what do you do with the rest of your time?"

The Greek fisherman said, "I sleep late, fish a little, play with my children, take siesta with my wife, Maria, stroll into the village each evening where I sip wine and play cards with my friends, I have a full and busy life."

The American scoffed, "I am a Harvard MBA and could help you. You should spend more time fishing and with the proceeds, buy a bigger boat with the proceeds from the bigger boat you could buy several boats, eventually you would have a fleet of fishing boats.

Instead of selling your catch to a middleman you would sell directly to the processor, eventually opening your own cannery. You would control the product, processing and distribution.

You would need to leave this small coastal fishing village and move to Athens, then London and eventually New York where you will run your expanding enterprise."

The Greek fisherman asked, "But, how long will this all take?" To which the American replied, "15-25 years."

"But what then?" The American laughed and said that's the best part. "When the time is right you would announce an IPO and sell your company stock to the public and become very rich, you would make millions."

"Millions ... Then what?" The American said, "Then you would retire. Move to a small coastal fishing village where you would sleep late, fish a little, play with your kids, take siesta with your wife, stroll to the village in the evenings where you could
sip wine and play cards with your friends."

gee funny i just read that story in "4 hour work week" perhaps you could quote sources when you "borrow" stories...but i am on board with your reasoning.

I just got back from a meeting with the owner of one of the larger prop firms in the industry. His methods made my skin curl. Of course owners of prop firms are going to want their traders to trader high volume many hours a day strategies so THE FIRM can make more money, but honestly...read 4 hour work week and the 80/20 rule and adjust your trading if you are working at it more than 4 or 5 hours PERDAY.

You can generate wealth from this business in much LESS time.
 
Quote from TFtrader:

... Spending more than 6,000 hours with analysis for this venture, I did not find anything that would nearly be reasonable to call a somewhat viable solution. ...
So you must be right! Thanks ... :)
 
i love the assumption that people that try their hand at trading and lose think that since they can't do it no one else can....kind of like a midget saying no one else can dunk because he can't lol
 
Quote from pairsarbtooo:

gee funny i just read that story in "4 hour work week" perhaps you could quote sources when you "borrow" stories...but i am on board with your reasoning.

I just got back from a meeting with the owner of one of the larger prop firms in the industry. His methods made my skin curl. Of course owners of prop firms are going to want their traders to trader high volume many hours a day strategies so THE FIRM can make more money, but honestly...read 4 hour work week and the 80/20 rule and adjust your trading if you are working at it more than 4 or 5 hours PERDAY.

You can generate wealth from this business in much LESS time.

Trading's serious business. But the hours aren't bad. Being a fulltime daytrader is stressful work that demands full attention and concentration, I often have over 30 live orders sitting out there and trade without automation, so I have to be on top of it. The hours aren't bad, even doing 90m/day of research it's only 40 hours/week. 9:30-4:00 is not bad for a job. Achieving any kind of daytrading success without putting in the hours won't happen; maybe down the line, you find you just make money in the morning, but even then better to stay around and learn to make money mid-day. Like the businessman said to the fisherman, it's worth it to stay out and fish more.
 
Quote from NY0BScalper:

Like the businessman said to the fisherman, it's worth it to stay out and fish more.

Yes, but if the fish aren't biting and a storm is kicking up some chop, you'll probably just damage your equipment by staying out longer and fishing more. Sometimes, it is better to quit early.
 
Quote from TFtrader:


Trading is NOT a business

well i guess it's none of your business


Maybe you should have come to EliteTrader.com

Index futures and currency futures are not for beginners,
maybe you should have bought some stocks, at least 2 or 3, it can be a good start.

Had you been clever or lucky, you would have bought VMW and make a nice return :D

And as for the Gobbledygook, i don't fully understand
 
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