Why do newbies lose?

SimpleMeLike said:
I am Not reading no damn book about trading. I am ES Engineer Trader. Engineers do not read books, we are the book. We define our own books.
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Strange! But ET is a book!
Why are you on ET then?
ET has ideas and the authors share while readers are soaking in and debating the writings.
 
taowave said:
Who said it had to be a trading book?? Why not Probability and Stats??

What's your programming background??

What do you know about real traders and how do you know??

How do you know Real traders don't read books on trading??

Are you saying derivative traders have never read Hull or any other book...

Here is your problem..You are a gambler without edge...
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Why do this to yourself? You've both been here long enough to realize what SML is like.
 
taowave said:
Do I seem like a guy who would get butt hurt because someone rejected a book suggestion:)

99 percent probability he keeps on tripping on his own pecker if he doesn't "expand" his mind..

Self Reliance?????

Is trading the only profession in the world where one doesnt need to read a book or seek "knowledge"??
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I don’t know if you’re a guy who would get butt hurt because someone rejected your book suggestion. I didn’t state or insinuate that you are. I would think there can’t be such pussies like that around here but who knows.

99 percent probability it won’t make any difference to his trading whether he “expands” his mind per your suggestion or he doesn’t.

I didn’t say you don’t need knowledge in this game or to not read books. I said reading a book won’t help HIM. Reading a book is one of the easiest things to do. Every loser can read and probably has read a lot of trading books.
 
To all these people engaging with SML take note:

SML has repeatedly said that if he discovers a way to Trade successfully he will NOT share it with others.

He won't help others, but he expects others to help him. Is this the type of person we should be ruining every Trading thread trying to help. He doesn't deserve help.
 
destriero said:
My introduction to trading was through an old girlfriend whom I found was dealing kilos of black tar heroin via contacts made while teaching Sunday School for LDS kids. One day we flew to meet her supplier in Bogota who was a 100-lot ES daytrader. It amazed me how someone could trade 100-lots at a time!

That was all that I needed to know...
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I find that difficult to believe. I know a lot of Mormons and they are all super nice people. Maybe she was a CIA drug operative posing as a Mormon. They do that you know.
 
Books and videos spark brain activity.
Brain activity MAY lead to a break though.
Therefore the worthless third-party resource isn't worthless.

I don't know anything about recombinant DNA.
And I know that I don't know.
 
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