Young guy wanting to start trading

MKTrader said:
1) This is a trading website
2) I haven't made any claims about my trading
3) You have made many claims about your trading, including your ability to compound a $200 account into a much larger amount

The burden of proof is on you, not me. Are you going to show either account statements or trade through a audited, 3rd party service...or continue making unproven claims?
More...

What difference does it make? He is not selling anything.
 
GrowleyMonster said:
What difference does it make? He is not selling anything.
More...

People who lie about their success on forums push the false dream just like vendors. That's the point. There are many here and even more at places like Forex Factory. Like almost all vendors, they won't substantiate their claims. But they get newbies excited that they, too, can trade for a living with a little hard work...
 
The OP was last on the forum on Tuesday morning. Congratz, you scared away the straights.


(Yes, @Magna I guess I can find one for every thought. Weird, isn't it? Hehe!)
 
MKTrader said:
Those are nice platitudes that trading coaches like to say, but in the end you need a real edge--not just "good psychology." Today's markets are largely ruled by algos, and I seriously doubt a 100+ year old Wyckoff method will help. VERY few strategies have been held up under robust backtesting and forward-testing...and even when they do, they seem to fall apart as soon as they're promoted and people have enough confidence to follow them.

While options trading is full of landmines, selling premium is one of the few possible edges out there...if you can do it in a way that's carefully hedged and still profitable. It sounds like you're trying to trade directionally which is really difficult...we're not living in the 70s and 80s when trends were strong and lasted long enough for the Turtles to make out like bandits.

I know this isn't what you want to hear...so you can listen to the CME guys if you want. While you're at it, ask for account statements and see how many of them actually trade for a living.
More...

I don't trade options, I trade futures, and I have about 4 months practicing the VSA method and I can understand the markets very well. I all the days can make good entries and have nice returns (Demo with paid market data and real time charts). The VSA method works with the law of the supply and demand and another laws that are very logicals, and this method is based in the Wyckoff teories about accumulation and distribution.

The market prices and all the prices moves with the supply and demand, and VSA have a very logical and good form to look how they appears.

All the days in the charts I can see accumulation and distribution, trends, supports and resistances that works, and is true that it wasn't that I wanted to read, but where I trade, what I'm doing, works very well.
 
MKTrader said:
People who lie about their success on forums push the false dream just like vendors. That's the point. There are many here and even more at places like Forex Factory. Like almost all vendors, they won't substantiate their claims. But they get newbies excited that they, too, can trade for a living with a little hard work...
More...
MKT, good point. You are right, I never thought of it that way. Giving people false hope is cruel.

Lately ET is becoming more a social forum than a trading forum. It is harder and harder to find answers to trading questions.
 
You must log in or register to reply here.
Back
Top