Wow! We have finally found the best traders in the world. They ave discovered something new and revolutionary in the world of trading. They have revealed a very advanced form of trading which could never have been imagined by a novice or low producing trader.
It's trading with-out stops and adding to losing trades until eventually they become winners even if your trading capital becomes trapped for extended unproductive periods of time.
They have even uncovered the causes of Livermore's losses. It appears Livermore was not honest with himself and others when he believed his losses were the result of not following his system and being influenced by others. His losses were actually caused by "STOPS!"
If only he was as smart as they are. He would have kept his various fortunes like they have.
They have also uncovered how the most famous, well known, profitable traders in current time and history could be exponentially more profitable. It's having the confidence in your trade decision, never admitting you we're wrong, never ever allowing for the loss of a single dollar. Stay in the trade, even if it is for 6 months or a year! Continue to average down waiting for a reversal or a retracement because they have discovered that markets do not move in a straight line! Better to make $1 than lose $1 even if it takes months of tied up capital.
If only the Market Wizards had the vision, intellect and bravery of the handful of prodigious on ET. We the Wizard followers and believers would not have wasted so much time doing it all wrong and we too would be as successful as the prodigies of ET. If only we were as smart as they. The world would be our playground just as it for them.
Bruce, Marty, Marcus, Ed, you led us astray to mediocrity. We have found the true Holy Grail and our new mentors. They are soon to be so much bigger than you. So they tell us. We believe!
