Why Is The Obvious Not So Obvious?

[kut2k2]

Quote from OverDriven:

Redneck, it is no secret that when you are trading, your worst enemy is yourself. Most people get that after a bit of trading. The ego will always lead you down the incorrect path. The ironic thing here is that you guys are using your "egoless" philosophy to pump up your egos here on the forums. I guess you can't escape the man in the mirror after all, can you?

Yes, trading by what the ego tells you will lead to losses. However, please don't act like you guys have shared some amazing, esoteric information with us. Knowing yourself is a requirement for profitable trading, but it is not the only requirement. You will not magically know the market's moves just because you can see through the distortions of the ego. It's a good first step, however.

One other thing that has been bothering me about this thread is that it's based upon a "statistic" that was invented out of thin air - that 90%+ lose and 10% or less win. Some here have even claimed that 99.9% lose. It's pretty simple to do some research and find that the truth is quite different. The 90/10 figure has been circulating around forums for a LONG time, and that is where it was invented. CFTC data, for example, will show you that it's more like 60/40. That tells me that profitability is mostly random, with a small edge to those who have some skill.

No one here is blowing off your advice. It's just that most people already know it. You guys are the ones who apparently think it's the grail. I'm actually convinced that none of you are as experienced as you claim or you wouldn't be acting like defeating the ego is the be-all-end-all. It's common knowledge, and as I said it is a good thing to have in your toolbox but it's not the grail.

I'm glad you have found something that you think works for you. Now go use it instead of inflating your ego here on the forum with it. You and I both know that you're only working against yourself by doing that.

+1

As to RN's conceit that some of us just don't "get" this thread, it all boils down to whether you can correctly guess whatever idiocy and/or insanity the OP (who hasn't been seen here in 4.5 years) was dangling in the first post. As if he had a freaking clue about how to win in the market. Not much of a "get".

 

[OverDriven]

Quote from kut2k2:

+1

As to RN's conceit that some of us just don't "get" this thread, it all boils down to whether you can correctly guess whatever idiocy and/or insanity the OP (who hasn't been seen here in 4.5 years) was dangling in the first post. As if he had a freaking clue about how to win in the market. Not much of a "get".

I'm actually fairly certain that RN and the OP (along with several other characters in this thread) are the same person, and that much of this thread consists of the OP talking to himself. Did you ever notice how daytrading seems to attract people with social problems and mental illness?

 

[RedDuke]

Quote from OverDriven:

....Did you ever notice how daytrading seems to attract people with social problems and mental illness?

Hm, I am a day trader. No social problems. I am a very outgoing person who easily gets a long with others, including total strangers .

Happily married with one child and another one on the way.

What you wrote is total BS.

 

[030985]

If I may say so, OverDriven and some others said maybe some things that may be true about trading per se, and I won't discuss that as I am just not on a good enough level to be able to say if trading is this or that, or must be done that way or this way, etc...
But concerning the thread, the intents and the aims, I think you got it all wrong.

Maybe it is because you did not read it properly, and made your mind a bit hastily.

Also I think you did not notice that some of the persons whom you suspect to be the same individual, told that they received 'teaching' from a same mentor if I am not mistaking, or something like this. And that each of them created a thread as an 'homework'.
( whether it is true or not, whether they are the same person or not, is really of no importance )

However if true, this is a very good howework to do. Why ? Because it can be a win-win :
I believe that it is Jack Hershey that said in this thread that teaching makes him learn faster and also think further, something like this. I definitely think there is some truth in this. Even if it is not scholar 'teaching' as most people may think, and if it is only helping someone to get closer to the right path.
By creating the thread the OP firstly 'studies'/'works' for himself, but also he can maybe help someone else to see things better or at least in a different light. What a reward ! Even if only one person, that worths a lot.

So, yes, you can think that the OP created his thread for ego things, to feel like a guru who knows something that others don't know, or I don't know what. I don't think so. But well, why not, and I don't really care.
What I know is that this thread made me think and I am glad for that.

Though, I really do not get why you people don't just ignore if you are not pleased with this. You didn't pay anything and nothing has been promised.
Not to offend but it sounds to me way more like an ego issue to say on an anonymous forum thread, moreover with several posts,"People, this thread of hundreds of pages long is full of bull***t and I come to tell you not to read it, it has no value, and OP seems socially ill".

Well, all this is 'just my humble opionion' as we say, in case it might contribute to see things slightly differently. Although I could be all wrong too.

030985

P.S: sorry for grammar mistakes if any

 

[OverDriven]

Quote from RedDuke:

Hm, I am a day trader. No social problems. I am a very outgoing person who easily gets a long with others, including total strangers .

Happily married with one child and another one on the way.

What you wrote is total BS.

Did I say that every day trader has problems? Should I remind you that I trade as well? You're a bit defensive. Look around these forums (or any trading forums) and tell me you don't see a very large number of people who are quite obviously trying to convince themselves that they are going to get rich, or have the grail, or are the next big thing, all while putting themselves and their families in bankruptcy. I'm just making a point that there are an awful lot of screwballs in this business, and the OP seems to be one of them from what I can see. Do you take everything you read on the internet personally?

 

[OverDriven]

Quote from 030985:

If I may say so, OverDriven and some others said maybe some things that may be true about trading per se, and I won't discuss that as I am just not on a good enough level to be able to say if trading is this or that, or must be done that way or this way, etc...
But concerning the thread, the intents and the aims, I think you got it all wrong.

Maybe it is because you did not read it properly, and made your mind a bit hastily.

Also I think you did not notice that some of the persons whom you suspect to be the same individual, told that they received 'teaching' from a same mentor if I am not mistaking, or something like this. And that each of them created a thread as an 'homework'.
( whether it is true or not, whether they are the same person or not, is really of no importance )

However if true, this is a very good howework to do. Why ? Because it can be a win-win :
I believe that it is Jack Hershey that said in this thread that teaching makes him learn faster and also think further, something like this. I definitely think there is some truth in this. Even if it is not scholar 'teaching' as most people may think, and if it is only helping someone to get closer to the right path.
By creating the thread the OP firstly 'studies'/'works' for himself, but also he can maybe help someone else to see things better or at least in a different light. What a reward ! Even if only one person, that worths a lot.

So, yes, you can think that the OP created his thread for ego things, to feel like a guru who knows something that others don't know, or I don't know what. I don't think so. But well, why not, and I don't really care.
What I know is that this thread made me think and I am glad for that.

Though, I really do not get why you people don't just ignore if you are not pleased with this. You didn't pay anything and nothing has been promised.
Not to offend but it sounds to me way more like an ego issue to say on an anonymous forum thread, moreover with several posts,"People, this thread of hundreds of pages long is full of bull***t and I come to tell you not to read it, it has no value, and OP seems socially ill".

Well, all this is 'just my humble opionion' as we say, in case it might contribute to see things slightly differently. Although I could be all wrong too.

030985

P.S: sorry for grammar mistakes if any

Fair enough. I disagree with you, but you are entitled to your opinion on it of course.

 

[xelite777]

Quote from OverDriven:

Did you ever notice how daytrading seems to attract people with social problems and mental illness?

If according to you day-traders are mentally sick, scalpers must be possessed by the devil then, I suppose?

 

[Redneck]

Quote from OverDriven:

it is no secret that when you are trading, your worst enemy is yourself.

Yes the person in the mirror can be his/ her worst enemy….

But that same person can be his/ her best friend and strongest ally – it’s a choice... It is always a choice


The rest of your post isn't worth the time/ effort

RN

 

[Redneck]

Quote from OverDriven:

I'm actually fairly certain that RN and the OP (along with several other characters in this thread) are the same person, and that much of this thread consists of the OP talking to himself. Did you ever notice how daytrading seems to attract people with social problems and mental illness?

This post is total bullshit – and I challenge you, or anyone to prove other wise

Btw any amount of money you’re willing to bet I have more than one alias on this site – I’m in


One really obvious clue - for you less astute....

Our writing styles are completely different - of course anyone half adept at pattern recognition figured that out long ago


Like I said - I challenge you, or anyone - to prove I have, or have ever had - any other moniker than redneck on this site

Cheerios

RN

 

[jack hershey]

Quote from Redneck:

This post is total bullshit – and I challenge you, or anyone to prove other wise

Btw any amount of money you’re willing to bet I have more than one alias on this site – I’m in


One really obvious clue - for you less astute....

Our writing styles are completely different - of course anyone half adept at pattern recognition figured that out long ago


Like I said - I challenge you, or anyone - to prove I have, or have ever had - any other moniker than redneck on this site

Cheerios

RN

I think OverDriven has always known that one of my aliases is redneck. It may not be so obvious to others though.

Aliases are NOT bilateral; they are heirarchical.

Also, my aliases do not know about each other yet.