Will i ever get it.

vanzandt said:
This journal was started exactly three years ago today.
What happened to all these knowledgeable posters?
Its a good thread. Worth the read.
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It's fairly safe to say, or assume, the majority of people here are losers. (in trading) -- even one's who seem or appear smart and wise and have a long registered history.
Just like in real life....only 1% truly will succeed fruitfully in their field or endeavor, while everyone else fails or just barely treads water.

People come and go in this relatively difficult, high risk game. o_O:confused:
 
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lawrence-lugar said:
It's fairly safe to say, or assume, the majority of people here are losers. (in trading) -- even one's who seem or appear smart and wise and have a long registered history.
Just like in real life....only 1% truly will succeed fruitfully in their field or endeavor, while everyone else fails or just barely treads water.

People come and go in this relatively difficult, high risk game. o_O:confused:
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YachtForSale.jpg
 
smallStops said:
two years ago - dec 2014.
WrbTrader: used to claim to be a big winner. has since then became serious ill. had some trips to the hospital where he realized the importance of good health. Some ET posters were questionning his trading over the last few months. Not on his private yacht.

Redneck : no posts. A real loss as very good advice offered. Claimed to be a big winner. Someone on ET was accusing him and some other posters Jas_ etc of running some kind of dump and pump schemes and thus of running a group fo people looking on ET for the suckers. May be on his private yacht with his group (?). I seriously doubt the nefarious accusations made against RedNeck. More likely, Redneck is a very prudent on whom he lets around himself.

NoDoji : was a big advocate for Al Brooks. Claimed to be a big winner. Many ET vouched for her, so I assume she was a big winner. No recent posts. May be on her private yacht.

ExperiencedJoe: believed psychology had no effects on trading. Was chasing the holy grail trading strategy. Has now stopped posting. As he claimed he was losing, but explained he did not want to do any psychology, may be on a full time job, or retired, or on holidays?

Note: the thread starter. Found some holy grail trading strategy. Followed it. As far as i could see, it did not work out. Not on his own private yacht paid for via trading.

Turvey: still ploughing on technically. Has not yet moved to sorting the psychology.
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What do you expect from this kind of thread ? Some new guy come in, claim want to learn DAY TRADE, some BS posters respond (those BS posters claim to be successful traders without any proof) and here you go the story until the end.The new guy eventually give up after paying the broker or spread betting company.

As I mentioned before, you will not have any positive expectancy in DAY TRADE AFTER you include the commission and slippage.

For those BS posters that claim to be profitable day traders, shame on you regardless you are professional paid posters, failed traders try to regain some ergo here or etc.
 
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galvinlee888 said:
The new guy eventually give up after paying the broker or spread betting company.
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It is really a shame in a way that the new guy did not persist.
All traders pass through these stages of coming across different types of characters that populate the trading environment. If the newbie has given up, his real motivation for trading was not enough to help him with trading difficulties.
At the end of the day, trading journey to destination, is simply about eliminating one mistake at a time.
 
smallStops said:
It is really a shame in a way that the new guy did not persist.
All traders pass through these stages of coming across different types of characters that populate the trading environment. If the newbie has given up, his real motivation for trading was not enough to help him with trading difficulties.
At the end of the day, trading journey to destination, is simply about eliminating one mistake at a time.
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I repeat again, there is No Edge in day trading after you take into account the commission and slippage. You need strong edges to win in this game but unfortunately those edges are not available to retails traders.

It is FAR better for him to give up in early of stage, rather than only come this conclusion AFTER two years of wasting his time and money as seen in the thread


Shame to those professional posters that pretend to be successful traders that lurk new traders into this trap, or the fail traders that try to look for self inflated ergo in internet and pretending to be successful traders, fake guru that look for followers for subscription, vendor or educators that know nothing and etc. Shame to those people as they are no different than online gambling ads that promote gambling in trading world.
 
Buck95 said:
And for those who prefer not to use tick charts, Bob Volman has a new book. Titled "Understanding Price Action", it focuses on 5 minute charts (his first book used tick charts).

He includes a section where he covers 6 months of continuous trading sessions. I just ordered the book. Looks interesting.

-Al
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ALL THESE PUMP AND DUMP MERCHANTS ON FORUMS were pumping Volman's first book on T2W , along with Turveyd JULIA.My belief is VOLMAN was never a trader , but a forum insider on T2W , HE PROBABLY SOLD EDUCATIONAL COURSES FOR $3,000 A SEMINAR , along with help from mods.

You can not teach and old dog new tricks and a leopard never loses it's spots , meaning you can't change people.

The pump and dump is also a very old trick of trading :

https://www.google.co.uk/webhp?sourceid=chrome-instant&ion=1&espv=2&ie=UTF-8#q=pumping and dumping stocks

You lot never change , pumping and dumping continues , with Al Volman's.

Real traders don't have time for this.They don't hang around posting on lower pretenders , they make money trading , not posting on some subjective illusionary discretionary non trader.You think real traders got time to follow this Volmano_Oo_Oo_Oo_Oo_O
 
galvinlee888 said:
I repeat again, there is No Edge in day trading after you take into account the commission and slippage. You need strong edges to win in this game but unfortunately those edges are not available to retails traders.

It is FAR better for him to give up in early of stage, rather than only come this conclusion AFTER two years of wasting his time and money as seen in the thread


Shame to those professional posters that pretend to be successful traders that lurk new traders into this trap, or the fail traders that try to look for self inflated ergo in internet and pretending to be successful traders, fake guru that look for followers for subscription, vendor or educators that know nothing and etc. Shame to those people as they are no different than online gambling ads that promote gambling in trading world.
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It is your BELIEF that daytrading does not work. Unfortunately, I have seen daytraders making it on trading floors. So my beliefs are different.

Now, the newbie as far as I can see :
* repeated the same mistakes over and over again, and at no moment did he really manage to clear one mistake.
That is really why he failed.

The vendors , the educators, etc are not the one who create failures. I'd say that if one can use what they offer well, and stick to identifying mistakes and then eliminating mistakes, one can make it.
But now, are people really willing to question themselves so as to make it work?
 
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I have made it day trading for a few years, - the problem was sustainability. The burn out and the inevitable prolonged sideways and narrow market conditions kills multi-year winning day traders - go extinct or adapt. So I switched to swing trading and never looked back - this is sustainable, going on 15 years now. Nothing worse than being a day trader with a flay year yet paying your broker $40k in commissions - no thanks, been there done that.
 
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