Why do newbies lose?

[ironchef]

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

I studied them all: Hull, McMillan, Bennett, Sinclair, Walczak... but the one that was really helpful, for me, was Taleb.

Taleb is one author that did have a good trading track record.

 

[Cabin111]

Good Evening Cabin111,

I am very curious why you think I am delusional or just joking with you or anyone?

I have stated that I do not read trading books or watch trading training videos. Why does that bother you so much?

Right now, I am listening to SukiHana and Sexy Redd video below and playing Xbox Madden. Does that bother you as well?

FYI, I am very excited to see Sexy Redd in concert in November. Many sexy women will be there too!

Thank you,

Here's the thing...You bought one trading program. You believe the guy...I get it.

Could he be wrong?? If his system was go great, why would he need to sell it to you?? Why not keep that great insight for himself...Make bundles.

So he wants to bless you...Give back to the world, pay it forward.

 

[destriero]

I studied them all: Hull, McMillan, Bennett, Sinclair, Walczak... but the one that was really helpful, for me, was Taleb.

Taleb is one author that did have a good trading track record.

lol ask someone at Paloma about his "record" in the early 00s.

 

[semperfrosty]

Your examples are ironic, they are all avid readers.

Bill Gates went to Harvard, while an infamous dropout, he currently reads about 50 books/yr.

Steve Jobs went to Reed and also well read, mostly spiritual books.

Musk claims to read 100+ books/yr.

Jim Simmons got degrees from MIT and Berkeley - hard to imagine getting degrees without reading books.

Kinda sounds like your parents might be in Academia.

I get it. You want to re-invent the wheel.

You beat me to it.

Smart people know that success leaves clues.

All mentioned were and are voracious readers.

 

[semperfrosty]

This thread illustrates all to well why newbies fail. I could use a big hit of black tar to feel good after having read some of the comments on here.

Agree.

SML is an important cautionary tale.

 

[semperfrosty]

Good Evening Sprout,

Change for what, I am ONLY doing what YOU told me to do here! You said it best sir.

" post a chart, do drills, Learn to see to see to learn"

Next time you in Texas, stop by for some BBQ, I greatly owe you. Thank you

View attachment 323391

What have you paid forward?

 

[SimpleMeLike]

What have you paid forward?

Good Morning semperfrosty,

Everything I typed above.

 

[ironchef]

Hey SML;

Don't want to read books, here's a video that reviews it for you. Take 10 minutes of your busy life and take a look. You'll probably like the guys attitude.

(700) The Rule by Larry Hite - Secret of Trend Following SUCCESS - (Book Summary) - YouTube

@deaddog, thanks for the video. He summarizes it well. But all books and videos said that. The devil is in the details.

I lost $ day trading because the processes are so counter intuitive for an investor. An investor needs strong convictions and cutting losses is very hard for someone with a strong conviction.

 

[SunTrader]

Topic retitled to: Why does SML lose?

I say, why ask why?

Its plainly obvious and leave it at that.

 

[taowave]

Here is the real question..I believe SML comes in every day and presses the Buy/Sell Button 50 -100x per day..If so,we should have a decent sample size. SML kindly admits he is a loser so far.
One would have to guesstimate, if he did the exact opposite of his belief system,he would be profitable.

Yet he "presses" on