What do you think of this trader's sentiments?

Quote from William Rennick:

Ok then, next time make that clear in your post, got that kojak. Your lucky your not within arms reach, I'd give ya a fresh one to the back of the head.

Rennick out :mad:
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yes, sir. sorry, sir.
 
Quote from Kovacs:



2. Indicators do not work, none do.


4. remember that when you make a dollar trading, another trader must lose a dollar.
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2- Indicators do work for exactly what they're supposed to = they indicate, then it's up to the trader's discretion from there. Note, they are not called "decision makers" :)

4- I don't agree with that viewpoint but this is just my 2 cents. Now I don't want to open up a can of worms on this, I'm just saying just because you made a dollar doesn't mean someone on the other side of your trade lost a dollar, he very well may have made a dollar as well. Let's not get into "missed oppertunity" cost etc as this is an overly simplified statement.
 
Quote from Kovacs:

Okay, I need to clear a few things up.

The plan in the Career Trading forum was written by me. The original post in THIS forum was a customer review of a book. I am ONLY curious what people think of it, that's all.
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okay maybe I owe you an apology. however you still need to clear one more thing up about the introducing quote on this thread.

"I will give the readers of this message who are interested in trading the best advice you will ever get because it comes from a guy who really makes money trading futures from his own PC."


1) did you copy that too?
2) did you write it?

case 1) awfuL strange use of 3rd person then switch to first in rules section.

case2) how do you know this guy REALLY makes money? vs just claiming to do so?
 
Quote from William Rennick:

Kovacs,
You're full of crapola, your entire post is BS. You sound like a bitter man who has a whole basket full of sour grapes.Indicators do work!!! I'm having my best year ever using one. BTW, use say get Tradestation. Well I bought it because the colorful charts made me feel like a bigshot, I also lost my ass using it, as most do. It's total overkill for your average Trader. Sorry to jump on you, but you made some irratating statements.

Rennick out
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Don't you have another persona to use pal?

You stink of BS. Just my humble opinion... prove me wrong.
 
Quote from hans37:

okay maybe I owe you an apology. however you still need to clear one more thing up about the introducing quote on this thread.

"I will give the readers of this message who are interested in trading the best advice you will ever get because it comes from a guy who really makes money trading futures from his own PC."


1) did you copy that too?
2) did you write it?

case 1) awfuL strange use of 3rd person then switch to first in rules section.

case2) how do you know this guy REALLY makes money? vs just claiming to do so?
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The opening is part of the quote. It's the second review on this page:

http://www.amazon.com/gp/product/0071381562/002-1499080-2382416?v=glance&n=283155

I don't know if he really makes money. I just found it interesting because methodologies on ET veer from one extreme to the other, so I thought it would be illuminating to gather opinions about this particular view.
 
whole thing is somewhat confusing. ... should have put it in quotes or something.

there is no black and white in trading. whoever starts by saying xxx does NOT work,, xxx ripping you off.... is just naunced enough to listen to. by the way, that link took me to the book High Prob Trading. anyone read it?
 
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