YM Traders
- Thread starter volente_00
- Start date
porgie,
You are one of the few with real brains around here!
Happy New Year!
nononsense Disagree, there are many system-gems on ET (and posters - but which ones?
) , a wealth of information, just use the search button, lock the door, turn off the phone and order some chinese food. Any newbie can find these, tweak, and 'make their own' Ok, I have given some keys to access the kingdom, but then again, we all know you cannot just 'give' something to someone
the posters calling trades on here are burning the candle on both ends...all fade into the night............low percentage trades soon fizzle.......the losses up the emotional frazzle, but the cut losses short, let profits run stuff hypes people up................................... until doubt in their system and themselves grows with each big.......loss.........if your stops are bad, risk.reward is dead........if r/r is dead, stop and regroup.........without the real money........Put a stop loss on your real money trading career until you get it right on the screen and in the noodle...........
porgie:
Its ok to be a shy cat and not wanting to show the whole world how many losing trades you <b>REALLY </b>do when you post trades in real time.
Your reputation will be tarnished heavily, I know its delicate for a guy like you.
Its ok, no need to make excuses
If I was a losing trader, you would know by now, except you don't, you know me only as a winner.
And thats a fact regardless if I'm going to fizzzle 3 months or 3 weeks later
The people (quite a few here) who do have the guts to not care what other people think even if they post losing trades will always succeed to great heights no matter what they post on here or do in life.
Espically in a newbie stage.
"#33 trade 12 points in the bank! market not even open! Where to put money!!! "
hahahah
Its ok to be a shy cat and not wanting to show the whole world how many losing trades you <b>REALLY </b>do when you post trades in real time.
Your reputation will be tarnished heavily, I know its delicate for a guy like you.
Its ok, no need to make excuses
If I was a losing trader, you would know by now, except you don't, you know me only as a winner.
And thats a fact regardless if I'm going to fizzzle 3 months or 3 weeks later
The people (quite a few here) who do have the guts to not care what other people think even if they post losing trades will always succeed to great heights no matter what they post on here or do in life.
Espically in a newbie stage.
"#33 trade 12 points in the bank! market not even open! Where to put money!!! "
hahahah
to say one has an "edge" is relative. I mean who determines if you have an edge or not ? One may think he has an edge, if one makes a tiny amount of $$, but to someone else that is not an edge at all. So having and edge or thinking you have an edge is the same as saying.... "its cold out side".... its all relative right?
So, does one make money because he has an edge, or does one have an edge because hes making money??
Now lets brings the time factor into play. What is successful?
Someone that makes $$ over an X-amount of time right? We all know time is relevant.
Allow me to further make my point:
Is success based on ones performance over time?
In other words; Whos more successful, some one who averages a $500 per week gain, or someone who averages -$500 a week loss?
What if that first person was formally averaging $1000/week the year before....and $1500/week the year before that? AND the second person was formally averaging a -$1000 loss per week...etc.....Who out of those two has the edge????
Its just stuff that i think about. Im sure others can explain it better than me. Wheres Grob when i need him?
Does any of this make sense?? Do i even know what im talking about??
I dunno.... i guess i just don't wanna be the only one here without an edge........
So, does one make money because he has an edge, or does one have an edge because hes making money??
Now lets brings the time factor into play. What is successful?
Someone that makes $$ over an X-amount of time right? We all know time is relevant.
Allow me to further make my point:
Is success based on ones performance over time?
In other words; Whos more successful, some one who averages a $500 per week gain, or someone who averages -$500 a week loss?
What if that first person was formally averaging $1000/week the year before....and $1500/week the year before that? AND the second person was formally averaging a -$1000 loss per week...etc.....Who out of those two has the edge????
Its just stuff that i think about. Im sure others can explain it better than me. Wheres Grob when i need him?
Does any of this make sense?? Do i even know what im talking about??
I dunno.... i guess i just don't wanna be the only one here without an edge........
cw.....it will be okay in the sweet by and by.......forget money...think career.........think challenge.....think points...money is not important........life is......the best living has nothing to do with money..........money comes and goes.......good life is having all you need, not want.......greed is the worst form of cancer.......worshipping money is sinful....I don't think u r a bad person , just in a narrow path to sadness and sorrow........chasing only money and self gratification.........putting you first.......
Little "Duckface":
I think the comedy act is great. We all need to relieve the pressure of having to perform. Oh by the way, we aren't trading today.....
Now as to your points. Well I highly encourage you to think a little bit about the concept of edge. Again just in case you have forgotten. Edge is information. If you learn some element of information that changes your odds of success (from say 50/50) to say 75/25, then you have an edge. Its up to you to decide whether the information you obtain gives you an edge or not. The best way to do this is to backtest and/or analyze a previous data series. One way to learn about this is to buy a good book and read it. Then you have to actually go through the motions until you get it right. Until you actually do this once or twice yourself, isnt it a little silly to be having a monologue about it?
If you have Esignal as a data feed, you could be downloading data to excel right now. Or maybe you want to be a trading site comedian rather than a trader? I hear that there is a 2 drink minimum here at ET, and you could make some good tips just hanging here and making jokes.
steve
I think the comedy act is great. We all need to relieve the pressure of having to perform. Oh by the way, we aren't trading today.....
Now as to your points. Well I highly encourage you to think a little bit about the concept of edge. Again just in case you have forgotten. Edge is information. If you learn some element of information that changes your odds of success (from say 50/50) to say 75/25, then you have an edge. Its up to you to decide whether the information you obtain gives you an edge or not. The best way to do this is to backtest and/or analyze a previous data series. One way to learn about this is to buy a good book and read it. Then you have to actually go through the motions until you get it right. Until you actually do this once or twice yourself, isnt it a little silly to be having a monologue about it?
If you have Esignal as a data feed, you could be downloading data to excel right now. Or maybe you want to be a trading site comedian rather than a trader? I hear that there is a 2 drink minimum here at ET, and you could make some good tips just hanging here and making jokes.
steve
Well...... what i hate to admit......is that im not a programmer and not very savy with computers. I would love to download data to excel.... im looking to collect gap data from the YM.