The following quote came from a thread that has been consigned to chit chat.
I think that many people here at ET are too afraid to become Traders but they have fallen in love with an erroneous image of themselves and they are trapped.
Too afraid to move forwards, too afraid to retreat and seek and better path for their life.
Anyway, here is the quote........
Quote from Drew07:
"Wouldn't it be funny if all of these people who we think of as being knowledgable and wise about trading were complete hacks and couldn't trade their way out of a wet paper bag."
As one Username who appears to have made the cut here in the thread from which this quote was plucked, I completely agree with you Drew and I am including myself in your comments.
Now, how can you tell a Trader from a Chartist or an Analyst.
That is a question that any shrewd Trader can probably answer, but remains elusive to the others.
If you want to know how to trade futures, then try this.....
Take one instrument and study it only in real time. Find yourself a singular perspective on it and allow this perspective to absorb into your DNA so that both you and the price become the same thing.
Do not try to take a little of the best from here and a little of the best from there, as you will wind up with the worst of everything.
Do not study the price in retro at the end of the day as you will become a chartist and not a Trader.
Be aware that every time you take a real trade at a realistic tic, you will be in the company of some of the big Traders and you will at the same time, be against other big Traders.
Your fellow travelers from ET will be few, very few and their total contracts will be like yours ... of no real significance.
Do not let big Players deter you from your fortune.
Always remember that "impossible" is a word from the other guys vocabulary, not yours.
Traders are dynamic people who follow price in real time and act spontaneously.
If you cannot do this then do not call yourself a Trader as self deception will eat away at you, bit by bit by bit.
regards
f9
I think that many people here at ET are too afraid to become Traders but they have fallen in love with an erroneous image of themselves and they are trapped.
Too afraid to move forwards, too afraid to retreat and seek and better path for their life.
Anyway, here is the quote........
Quote from Drew07:
"Wouldn't it be funny if all of these people who we think of as being knowledgable and wise about trading were complete hacks and couldn't trade their way out of a wet paper bag."
As one Username who appears to have made the cut here in the thread from which this quote was plucked, I completely agree with you Drew and I am including myself in your comments.
Now, how can you tell a Trader from a Chartist or an Analyst.
That is a question that any shrewd Trader can probably answer, but remains elusive to the others.
If you want to know how to trade futures, then try this.....
Take one instrument and study it only in real time. Find yourself a singular perspective on it and allow this perspective to absorb into your DNA so that both you and the price become the same thing.
Do not try to take a little of the best from here and a little of the best from there, as you will wind up with the worst of everything.
Do not study the price in retro at the end of the day as you will become a chartist and not a Trader.
Be aware that every time you take a real trade at a realistic tic, you will be in the company of some of the big Traders and you will at the same time, be against other big Traders.
Your fellow travelers from ET will be few, very few and their total contracts will be like yours ... of no real significance.
Do not let big Players deter you from your fortune.
Always remember that "impossible" is a word from the other guys vocabulary, not yours.
Traders are dynamic people who follow price in real time and act spontaneously.
If you cannot do this then do not call yourself a Trader as self deception will eat away at you, bit by bit by bit.
regards
f9
