what to do when you're screwed

Ron In-a-sauna · Oct 10, 2002

Originally posted by DATTrader

Actually its like a casino filled with hornets nests with all of them trying to sting you while you place bets.

and all the dealers are trying to steal your chips as you swat the hornets away......

there now the horse is really dead

chasinfla · Oct 10, 2002

don't forget all the scantily clad knockouts cooing in your ear, "over here, baby, <i>this </i>is the table for you!"

they must be dressed like bee-keepers, tho...or be smeared in some nasty-smelling bug repellent.

dead and buried.

dbphoenix · Oct 10, 2002

Originally posted by chasinfla
don't forget all the scantily clad knockouts cooing in your ear, "over here, baby, <i>this </i>is the table for you!"

Unfortunately, traders don't get free drinks.

Though many trade as though they do

--Db

nkhoi · Oct 13, 2002

GG,
which 'advice' are you going take, I am just dying to know

chasinfla · Oct 13, 2002

just depends on your commitment, gord. you're either going to see it through or you're not.

Cdntrader · Oct 13, 2002

Originally posted by 2Good2Care

Lots of good posts here but one has to wonder GG...

after FOUR years you still haven't figured it out yet?!?

WOW!

Might be a good idea to think about doing something else with your time (and $$) 'ol buddy. Not everyone can do this, some just don't get it. EVER! FOUR years is a LOOOONG time ...and you still haven't discerned even one winning strategy??!! My God man how long have you been here on ET? Not even ONE??!!

WOW!

______________________________________________
it's hell when you are 2 good!!

Jesse Livermore went broke many times over his career.

Four years is nothing.

"we're all just one trade away from humility bud"

OHLC · Oct 13, 2002

Originally posted by Gordon Gekko
i guess the bright side is i've learned a lot about the markets for my age. i'm 24 and i know more about the markets than my father...and he's the one who first got my interested in this.

Maybe this is what you wanted deep down yourself...knowing as much as your father.
You reached your goal, time to move to something else.

Just a possibility,

OHLC

vladiator · Oct 13, 2002

Originally posted by 2Good2Care

Lots of good posts here but one has to wonder GG...

after FOUR years you still haven't figured it out yet?!?

WOW!

Might be a good idea to think about doing something else with your time (and $$) 'ol buddy. Not everyone can do this, some just don't get it. EVER! FOUR years is a LOOOONG time ...and you still haven't discerned even one winning strategy??!! My God man how long have you been here on ET? Not even ONE??!!

WOW!

______________________________________________
it's hell when you are 2 good!!

Come on man, no need to make fun of GG. "Not everyone can do this?" Get real. Only VERY FEW can. During the raging bull market when GG started and a bunch of others did too, everyone seemed to know it all. Now the reality kicks in. And the reality is, unless you have an intelectual/informational edge or are really lucky, you will not make money trading. To me, trading is like brain surgery. You really have to know what you are doing. And it takes a lot of time, resources, etc to learn. Even then you have to have the right tools to do so. You can't just quit your normal 9-5 job and become a brain surgeon by practicing it. You have to learn first. The other key point is, that no matter how much you guys are gonna laugh now, in most cases, the markets are quite efficient and unless you have the info others don't or are able to process the available info MUCH better than others (including the astrophysics PhDs working for large traders), I don't see why "Johny could trade", borrowing the line from a different thread.

axeman · Oct 13, 2002

Vlad,

Within this context, what does "trading is simple" mean?
I often hear traders say this.

It seems that DISCOVERING a method of trading is a very
tough and long search/process.
But the method itself can be quite simple,
and therefore is very guarded.

thoughts?

peace

axeman

Originally posted by vladiator

Come on man, no need to make fun of GG. "Not everyone can do this?" Get real. Only VERY FEW can. During the raging bull market when GG started and a bunch of others did too, everyone seemed to know it all. Now the reality kicks in. And the reality is, unless you have an intelectual/informational edge or are really lucky, you will not make money trading. To me, trading is like brain surgery. You really have to know what you are doing. And it takes a lot of time, resources, etc to learn. Even then you have to have the right tools to do so. You can't just quit your normal 9-5 job and become a brain surgeon by practicing it. You have to learn first. The other key point is, that no matter how much you guys are gonna laugh now, in most cases, the markets are quite efficient and unless you have the info others don't or are able to process the available info MUCH better than others (including the astrophysics PhDs working for large traders), I don't see why "Johny could trade", borrowing the line from a different thread.

vladiator · Oct 13, 2002

Originally posted by axeman
Vlad,

Within this context, what does "trading is simple" mean?
I often hear traders say this.

It seems that DISCOVERING a method of trading is a very
tough and long search/process.
But the method itself can be quite simple,
and therefore is very guarded.

thoughts?

peace

axeman

Yes, I think your interpretation is right (although I wouldn't go as far as to say that trading is always simple, some arb models employed by large players are VERY complex).
Other than that, I do agree with you, it's complicated to formulate a trading rule that works. Once you do, babysitting it isn't that complex, that's why many choose to automate things.