why most traders are LIARS?

Quote from Dustin:

Can you become Warren Buffet while daytrading. No, of course not. Get over it.

Can you make more than most other professions while in the comfort of your home while spending time with loved ones and those that matter? Yes, and it's not that hard.

i love hearing shit like this...:D
 
Quote from steve46:

This has been said before (by me) but I don't mind repeating myself on this subject.

This is a site inhabited by newbies, some of whom don't have the skills or the aptitude for this profession. They lie because they cannot face the truth. They want a fantasy world where they are successful and make money. In some instances this is the only place where they can pretend to be that person....

So do the intelligent thing OP, and think like an adult...check out the posts carefully, use the search function and get what you need from the archives. If someone makes a statement that you think is wrong, check it out carefully, think critically about it and come to your own conclusions.

Remember that for some, this is the ONLY place they can obtain the success they so dearly want. That is why they hold on so hard to their fantasies. An excellent example is Marketsurfer's thread. There are many others....Enjoy it for what it is worth...entertainment....

Good luck
Steve
thank you to you & some posters for the advice.
 
I'm sick and tired of whiny crybabies like you, who sign up here this very month and do nothing but lash out. What are you, 12 years old? Get over yourself. Some people lie, others dont. If you know a decent amount about trading, then it should become fairly obvious who knows their shit and who doesnt.


Quote from kitty1996:



i am sick & tired of lying posts on this forum about how easy daytraders can make money.

 
Quote from kitty1996:

^^yes, i have no respect for liars-traders like YOU!
does that tell you something right there?

is it clear enough? lolz.

Oh brother! dude you're tweakin.

Who's the liar? I'm not the loser hiding behind a new nick, female even. You can't even claim or find your masculinity. Kitty? shoulda been pussy!
 
Quote from kitty1996:

i am sick & tired of lying posts on this forum about how easy daytraders can make money.


traders, please DON'T lie!!!!

I promise not to finish in your mouth.
 
i am a daytrader and today i saw a gigantic penis running around on 7th Ave. i think it was heading for central park, but i have no idea ... it looked about 10 stories high.
 
Sorry about that, I lost a bet :p

Quote from alex.samant:

i am a daytrader and today i saw a gigantic penis running around on 7th Ave. i think it was heading for central park, but i have no idea ... it looked about 10 stories high.
 
Quote from austinp:

Too bad that class doesn't include you. Funny, that seems to have painted you well. Since all you do is generally post based on your own testimony, you can be easily dismissed. You have zero clue how I perform, and I don't trade using divining rods, as you appear to do. Based on your recent posts, it looks like you are entranced by witchcraft:

"First chart shows trendline breaks of 5-bar fractal patterns. Fractals (pivots) are very common base signals for mechanical system volatility breakouts. The filtering process for exactly which ones to trigger can include volume studies, momentum, highs / lows, x-number of bars back, much more. Obviously the big programs that center around breakout strategies are somewhat more complex than easylanguage in a retailer's box. But, core approach appears similar. Key for us is to get in ahead of those anticipated breaks, or add to initial positions into the surge moves when levels break. I'm almost always in ahead of those key spots on a chart, enjoying the momentum push when it unfolds. Oops trades include failed wedges and failed coils, i.e. the box pattern edgehunter described... which is actually a "spring" pattern. About half these wedges break and run as expected, it's the failed pattern types which really surged on volume this week. It was very deliberate failure, leapt out at us for easy plays."

Oh yeah, the triangle = wedge breaks in ES have been more trappy than legit. Every day I've seen a couple of perfect wedges break one way and immediately slam the other direction on big volume for distance.

Follow-up on the fractal patterns = pivots. If you get in front of these on a trade and the level breaks, good to go. You've got program surges filling your sails.

I see a lot of program acceleration on breaks of 5-bar fractals. It looks to me like many of the programs are volatility breakouts based on x-number of bars backward in time as a core basis.

That said, all 5-bar fractals (pivots) naturally include 3-bars and most are 10-bar patterns, etc. some of the filters may be volume based, time of day based, trend = momentum but the overall premise right now seems to be measured breakouts on programs.

Many times these visible levels - trendlines break and it's an instant surge higher or lower respectively.

Volatility of past few days has been historical variety... off the scale of normal market action. We base our long-term career success on degrees of normalcy, which this is not.

Markets will exhaust themselves soon. Volatility will be more like last July - Aug and Nov, with periods of calm in between. Nearing a bottom soon that will hold for awhile, which will be part of the settling process.

Contrary to current belief, the indexes will not drop to oblivion straight down. It's about to get real bouncy, real soon. That's what these whipsaws are predicting.
 
Quote from kitty1996:

...
if its that easy to make money in daytrading, why warren buffett is the wealthiest investor of all times but not even one daytrader can go near him...

You apparently have no clue what a daytrader is. I wouldn't dare to post such a stupid remark.


Daytraders enter and exit their positions within the same day. Warren Buffett builds positions in weeks or even months.
A daytrader can never put the total equity of Berkshire Heathaway in the market.
I never heard of a daytrader that took a +10 billion dollars intraday position, simply because that is impossible.

I don't know any investor, longterm trader or fund that can appraoch Buffett either, so your statement is even more true for these kind of traders as they arte active in the same kind of investments where daytraders are not.

You compare apples with oranges.
 
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