Will i ever get it.

[ExperiencedJoe]

http://ftalphaville.ft.com/2014/07/31/1913792/most-hedge-funds-fail/
From Financial Times addum.

As you have them too : do you mind PM these?

It says: This implies that, within three years, around a third of all funds disappeared.

A third is 33.33%. 33.33% is not 80%. Hope that is now clear to you. So 66% of the funds succeed. Compared to how many retail success, 0.00001% ? Yet they still don't want to follow the steps of the hedge funds. What's worst they will say things like: steps, what steps ? Never heard of them.

I had to paid for what I've got with time and money. So, I can't hand them out. But I have already given away plenty of the good stuff, more than anything I have ever received from anyone or from any groups of people.

 

[smallStops]

My mistake for having put here this article.
Let me get the one with the abyssimal records of 80% failure rate
( this week when access to my notes).

So you can not pass these because you have not received anything from others?
Am I reading well?

 

[ExperiencedJoe]

My mistake for having put here this article.
Let me get the one with the abyssimal records of 80% failure rate
( this week when access to my notes).

So you can not pass these because you have not received anything from others?
Am I reading well?

Clearly you are not reading well or you would not have posted a link to 33% when what you wanted was 80%

I have to work for what I got. You can too. I even point you (people in general) to the right direction. No one ever gave me direction. I had to stumble along in total darkness. Do I blame people for not giving me a direction ? No. I don't expect them to tell me if they don't even which direction it is themselves.

 

[smallStops]

Clearly you are not reading well or you would not have posted a link to 33% when what you wanted was 80%

I have to work for what I got. You can too. I even point you (people in general) to the right direction. No one ever gave me direction. I had to stumble along in total darkness. Do I blame people for not giving me a direction ? No. I don't expect them to tell me if they don't even which direction it is themselves.

Well well well. I really don't mind recognising when I make a mistake, and offering to correct it and precising when and why.

Now, I feel for you to have to be very secretive because you had to fend for yourself to get anything in trading.
As for myself : I started because a very good trader and very experienced one quasi "forced" me to give it a try.
Then, I did some gig in some trading firms ( no interviews for some reasons but that earned me some "undeserving epithet by some jealous people"), so I have never accumulated any animosity on how hard it was to get into trading,
nor to get good advice ( I have found the hardest was to follow it!!!).
Now, at the time I was very angry to get fired, BUT by following their advice ( move to another firm), I came to realise I was a real joker in trading at the time.
Having a good passion for trading, I got the chance to be given out of pure generorisity ( and my paying copiously at the time as I did not knoww better) a lot in trading.

So you will understand that I see trading more from a psychological perspective than "technical or fundamental" perspective.

And I do not see anything wrong with being "given" as far as trading goes.
As far as giving back in trading, I remember there were times I used to make
live calls, and go my way to "coach" (?) others.
Nowadays, I have understood that psychology is key.
Trading plans : these can be bought, borrowed and given.

 

[ExperiencedJoe]

Well well well. I really don't mind recognising when I make a mistake, and offering to correct it and precising when and why.

Now, I feel for you to have to be very secretive because you had to fend for yourself to get anything in trading.
As for myself : I started because a very good trader and very experienced one quasi "forced" me to give it a try. I guess it helps that I was the only one to stand up for some bunch of kids whose stories he identified with.
Then, I did some gig in some trading firms ( no interviews for some reasons but that earned me some "undeserving epithet by some jealous people"), so I have never accumulated any animosity on how hard it was to get into trading,
nor to get good advice ( I have found the hardest was to follow it!!!).
Now, at the time I was very angry to get fired, BUT by following their advice ( move to another firm), I came to realise I was a real joker in trading at the time.
Having a good passion for trading, I got the chance to be given out of pure generorisity ( and my paying copiously at the time as I did not knoww better) a lot in trading.

So you will understand that I do not see trading more from a psychological perspective
than "technical or fundamental" perspective.
And I do not see anything wrong with being "given" as far as trading goes.

If you know a source of freebies, maybe you can go back there and get some more.

Just because people trade professionally doesn't mean they know anything useful. I worked for a hedge fund manger and never learned a single thing. Although my role wasn't in trading. He lost and folded a couple of funds. That was what got me interested in trading. I thought how hard could it be ?

 

[smallStops]

If you know a source of freebies, maybe you can go back there and get some more.

Just because people trade professionally doesn't mean they know anything useful. I worked for a hedge fund manger and never learned a single thing. Although my role wasn't in trading. He lost and folded a couple of funds. That was what got me interested in trading. I thought how hard could it be ?

I guess I pointed your mindset well : "freebies".
Aka everything has to be fought for, has to be hard to get. A bit like
"one needs to work hard for money". Abundance mindset must be
something very hard from your life experience.

Well: I do not share this point of view.
Very profitable traders have demonstrated a strange ability to be very generous.
Those who were extremely keep everything tight to their chest, I have come
to discover that more than often they were losing traders.
I guess you are an exception: right?

 

[ExperiencedJoe]

I guess I pointed your mindset well : "freebies".
Aka everything has to be fought for, has to be hard to get. A bit like
"one needs to work hard for money". Abundance mindset must be
something very hard from your life experience.

Well: I do not share this point of view.
Very profitable traders have demonstrated a strange ability to be very generous.
Those who were extremely keep everything tight to their chest, I have come
to discover that more than often they were losing traders.
I guess you are an exception: right?

No use playing psychological games with me. I would consider myself a leading master of the game. So nothing will work on me.

In theory, successful people should be generous. But often they are not. They are successful precisely because they hoard what they have got. As for where I am, that's not for discussion.

I know I am more generous than anyone I ever come across on forums who offered genuine value. Why, I even explain precisely what goes on in the markets, and what do I get ? I get called names.

If you have an abundance mind, good for you. Perhaps someone will benefit from that abundance. I am curious though, for a mind of abundance, why are your stops so small ? There seems to be a funny contradiction.

 

[Turveyd]

I used to think this. You will see this mindset all over the internet. Typically people say practice, practice, practice or quote how many hours it takes to become a doctor or pilot, pro sports.

This is very wrong and I will tell you why. Firstly lets take a doctor. There are set known steps that need to be taken to earn your living. Exams and practical. Learn piano, same thing gradings textbook and practical. Pro sports, well trodden stages, college/draft but less rigid in sports. No such stages exist with trading.

Secondly. trading is a competition. Being a competant doctor does not require you to be better than the next doctor. Being a competant pianist does not require you to be a better pianist than another pianist. Sports are different because the competition element is there. Solo sports have some parallels.

With trading there are no set recognised steps to follow. Trading cannot have set steps by its very definition.

The closest analogy I have found is poker. Your success as a poker player depends on you taking money from the other players. After playing for a while and getting to know the other players you can learn from their mistakes and profit. You can read about the types of other players in the Harris book. As all pro poker players will tell you game selection is very important.

GL

Agreed with that, why I am against all the BS mindset teaching in here then just learn PA which is meaningless, trading is about trading, BSing about mindset is just easier and makes you sound smarter to newbies to feed your ego.

Other forums focus on MM like MM makes you profitable.

And a trading forum, where discussing actual trading methods is made fun off, really pisses me off, drop this learn PA read a book, find your own way BS.
.
Main reason for above is, they arent profitable, so they avoid the subject while posting fake PNLs to make newbies think there real.

Imho!

 

[artemstreb]

medical study, something to get. mathematical study, something to get.

can spend decade of short life, get trade only to have change.

pick ONE discipline, narrow and become best in world, enjoy life at top

 

[Turveyd]

medical study, something to get. mathematical study, something to get.

can spend decade of short life, get trade only to have change.

pick ONE discipline, narrow and become best in world, enjoy life at top

And if you pick a fake 1 then waste the rest of your life trying to make sonething that will never work, work.