Your going to hate this brutal post
- Thread starter Spectra
- Start date
Damn you Jimmy Jam,
I liked you better when you attacked me.
Now that you are starting to help the newbies, I have to find someone else to fight with.
To the so-called easy traders who tell us how easy it is to learn to trade:
all you have to do is:
1) have a setup
2) read a good trading book
Then 90% of all traders fail because they can't read and they cant find one setup? Hmmmm.
You want empirical evidence srv? how about a little company called Merrill Lynch. 92% of their clients who trade futures lose money. How about any reputable, in the know advisor. How about looking at the prospectuses of every mutual fund in the industry? If all the money managers are out performing the S+P why would they lie and say they are not?
I have trained with a number of World Class traders. Not one duplicated the others' styles, yet they were all successful. Why will newbies trade the "same methods" and lose.
Because they do not believe.
I can prove it to you people.
Everyone sign up for our room. I submit only 1 out of 10 of you who claim "great discipline" can not take every trade that is called. You will second guess, wait, hesitate. Or worse, take it but feel "it is not gonna work" and get out before the trade becomes a monster trade.
We had a contest about 6 months ago. We paid 1,000 to the person who came closest to follow the calls. The winner only took about 65% of the trades during the month.
Case closed.
How about another "it is easy to become a pro"
Pick up a football. Wait until a receiver gets open. Throw football. So how long does it take to beat out Tom Brady for quarterback? I guess a week?
C'mon newbies, wake up. If Lewis Borsellino, Linda Raschke, Tom Basso, Paul Tudor Jones---anyone who matters, talk about the struggle to become profitable, why do morons talk about "I know a guy next door who trades 5 minutes a day and makes 125% on his money and never loses?"
Wake up.
Or be part of the panic who feeds me.
Alex L. Wasilewski
Co-Founder & Head Trader
Trades That Work
www.puretick.com
1-877-GOLONG1 (1-877-465-6641)
I liked you better when you attacked me.
Now that you are starting to help the newbies, I have to find someone else to fight with.
To the so-called easy traders who tell us how easy it is to learn to trade:
all you have to do is:
1) have a setup
2) read a good trading book
Then 90% of all traders fail because they can't read and they cant find one setup? Hmmmm.
You want empirical evidence srv? how about a little company called Merrill Lynch. 92% of their clients who trade futures lose money. How about any reputable, in the know advisor. How about looking at the prospectuses of every mutual fund in the industry? If all the money managers are out performing the S+P why would they lie and say they are not?
I have trained with a number of World Class traders. Not one duplicated the others' styles, yet they were all successful. Why will newbies trade the "same methods" and lose.
Because they do not believe.
I can prove it to you people.
Everyone sign up for our room. I submit only 1 out of 10 of you who claim "great discipline" can not take every trade that is called. You will second guess, wait, hesitate. Or worse, take it but feel "it is not gonna work" and get out before the trade becomes a monster trade.
We had a contest about 6 months ago. We paid 1,000 to the person who came closest to follow the calls. The winner only took about 65% of the trades during the month.
Case closed.
How about another "it is easy to become a pro"
Pick up a football. Wait until a receiver gets open. Throw football. So how long does it take to beat out Tom Brady for quarterback? I guess a week?
C'mon newbies, wake up. If Lewis Borsellino, Linda Raschke, Tom Basso, Paul Tudor Jones---anyone who matters, talk about the struggle to become profitable, why do morons talk about "I know a guy next door who trades 5 minutes a day and makes 125% on his money and never loses?"
Wake up.
Or be part of the panic who feeds me.
Alex L. Wasilewski
Co-Founder & Head Trader
Trades That Work
www.puretick.com
1-877-GOLONG1 (1-877-465-6641)
If you don't take breaks from it, you will NEVER be successful. I think if you look at Trading non-stop, you will tend to overanalyze and make poor decisions. Best to work in 3 hour shifts with breaks in-between to stay focused...
The freedom issue has been misunderstood in the opening post. The freedom of running your own business without reporting to some idiot boss is the freedom prized by individual independent traders in the equities & futures markets and it is also a lure that attracts many to try trading.
Bravo!
Quote from sumosam:
I love the fact that if I study, and work hard, it will pay off, which is what is happening. Bosses and organizations can stifle the best people. I do agree that the markets take a lot of time, and work. Eventually, I believe you can work less as your knowlege/experience grows.
