What compels Losers to share..

Shareing the specifics of a loss while looking for constructive critique can be a learning experience. I don't know that the orginal post falls in that category. If it does, I would say his trading career should be put on hold while he seeks help for a gambling problem. IMHO, I doubt anyone with a real gambling problem could ever learn to trade without the gambling issue clouding their judgement. Then again, what the heck do I know.
Play safe this weekend boys and girls. Trading is tough enough with all of your fingers. Having them blown off could put a real crimp in your trading execution. Back at em next week.:cool:
 
Quote from Rearden Metal:

<b>Dead wrong.</b>

Let's say that after thousands of hours of devoted market observation, you notice a recurring pattern. Here, I'll make up a fictional example:

You notice that whenever copper futures are up huge (say, up over 8%) in the (stock market) pre-open, many of the copper stocks open only <i>slightly</i> higher- and then immediately run up a good 1%-2% in the first half hour of trading.

You take advantage of the pattern you've found by putting out limit orders to buy any copper stock gapping up less than 1%, on any day when copper futures are up over 8% in the pre-open. This makes you some decent coin for a few months, with the trade working out nicely nearly every time you get your setup.

Then, like a complete moron, you decide to "strengthen your method by popularity" by blabbing the setup to every trader you know, while making numerous convincing posts on ET pointing out exactly what happens to copper stocks when the copper futures are up big, and how you take advantage of this cash-cow recurring pattern...

So... for all you sharp minds out there paying attention to my little story: Can anyone tell me what happens next?
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ja, usually it works...unfortunately today even tho gold was up 4%+ in premkt and gg "only" 2% [considerin' its high beta] my long openin' range order went down the tub...got crashed hard in matter of secs...sometimes it works, sometimes not. remember last yr the oils did well when qm gapped hard, this yr not so, especially xom and the likes.

edit; rarely saw imbalances like the one u mentioned: a resource stock up less than 1% in premkt and the base commodity gappin' hard 5-8%....maybe am not lookin' hard but it seems rare nowadays, innit.
 
I see nothing wrong with these traders sharing their experiences and I think if more traders had the balls to share their losses then we would ALL have a much more realistic view of what trading is really all about.

It takes a MAN to admit his flaws and grow and only a foolish boy cowers and pretends he doesn't have any.

If every single trader in ET was 100% honest I assure you that ET would be filled with sob stories and then you would see the TRUTH about this business, but you big shots that are criticizing these folks are the ones with your heads in the sand.
 
Quote from nononsense:

most of what's "shared" at forums is by losers posturing like winners
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A little cynical and more than a little sad. At first I wondered how can we get past that ... and then I wondered what the forums were really for anyway.
 
Quote from eco:

A little cynical and more than a little sad. At first I wondered how can we get past that ... and then I wondered what the forums were really for anyway.
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Nothing sad at all. Candy-apple reasoning doesn't put you any further. ONLY FACT.

Where do you think wins come from? Losers pay for these.
This holds almost perfectly for commodities. For stocks, it's pretty similar but a bit more intricate. Abstract made of commissions. Your broker nibbles at your capital with every of your moves.
 
Quote from nononsense:

Where do you think wins come from? Losers pay for these.
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Yes, some truth in that and I have no problem with the evolutionary nature of the markets. Despite that I think that many of my wins come because I'm nibbling at money that higher timeframe trades don't consider to be either wins or losses but just part of getting their positions.

But, what is ET for? :)
 
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