What is the wrong advice that you have received?

rin4et said:
Here is another one:
You need 5-10 years to develop an edge. Wrong - It took me 6 months to a year to develop an edge. The key is to observe the market live, keep things as simple as possible, stay away from complex indicators etc and adopt the KISS approach. Once again to be successful at trading is not rocket science. These are just statements to scare newbies away or sore losers who couldn't make it so they want to discourage others from succeeding.
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This is funny.

Trading is easy
Developed an edge in 6 months with no prior knowledge of trading
Has never blown up an account
Doesn't take losses
Outperforms whales

At least we know now every post you make comes with a BS disclaimer.
 
lovethetrade said:
This is funny.

Trading is easy
Developed an edge in 6 months with no prior knowledge of trading
Has never blown up an account
Doesn't take losses
Outperforms whales

At least we know now every post you make comes with a BS disclaimer.
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I didn't say I don't take losses. I said I do and it is due to my lack of discipline in sticking to my strategy.
But the rest is true and can be true for anyone who has the the time and discipline to learn, and keen observational skills. You do need to have above average intelligence but you don't need to be the brightest bulb.
Things that were more difficult for me than learning to trade :
Graduating with a degree in Electrical Engineering.
Learning all the different technologies needed to work as a software engineer.

I say this because a lot of newbies reading will be scared away from trading by these false statements. I am glad I didn't find this forum before learning to trade because I too would have been discouraged from even attempting.
 
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"Don't average down"

If you have well tested Trading plan and you disciplined, you can add what you desire.

"This not harder than Rocket Science"

Hell if it isn't, Rocket Science is defined of what rocket should do based on math, trading is often based on human emotions and can have no clear path and stalls, can you see a rocket that is hanging in air?
 
rin4et said:
Graduating with a degree in Electrical Engineering.
Learning all the different technologies needed to work as a software engineer.
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What you take for granted, many people probably could only wish in their dreams.
 
Handle123 said:
"Don't average down"

If you have well tested Trading plan and you disciplined, you can add what you desire.

"This not harder than Rocket Science"

Hell if it isn't, Rocket Science is defined of what rocket should do based on math, trading is often based on human emotions and can have no clear path and stalls, can you see a rocket that is hanging in air?
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I disagree. Trading is not based on human emotions. Those that trade on emotions don't last very long in the market. Trading is based on principles of supply and demand that are as rock solid as the laws of physics.
Wouldn't you consider gravitational and nuclear forces to be reliable? Similarly one's trading strategy needs to be reliable and not wishy washy with no clear path or based on emotions.
 
I have a rigorously tested advice filter.
In the proper context, it performs well with the 5 period gibberish oscillator.
This is something not simply given away.
 
"An accounting degree is useless in trading"

Ben Graham, Warren Buffet and many others got rich calculating ratios from balance sheets and financial statements, searching for great values at lower prices.
 
yiehom said:
"An accounting degree is useless in trading"

Ben Graham, Warren Buffet and many others got rich calculating ratios from balance sheets and financial statements, searching for great values at lower prices.
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What they do probably isn't trading though, I think it's called value investing.

They also participate in the management of some of these companies which would probably make them business managers/investors/entrepreneurs.
 
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lovethetrade said:
What they do probably isn't trading though,
I think it's called value investing

They also participate in the management of some of these companies which would probably make them business managers/entrepreneurs rather than investors also
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I agree;

Talking about investing, investors, business owners, and even hedge funds...in a Trading ...forum is kind of silly and irrelevant, o_O

I personally would just prefer to keep things and the discussion geared and stuck to the relatively small retail Trader crowd,
 
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