A Bad Trader

[darkhorse70]

Haha you guys analyse every single word in a sentence like a darn professor. It was a figure of speech and should be taken in context. For example be sure that youve done enough research and it feels right to put on the trade. Dont just put it on because it feels semi right.

I rekon some people would critize top world traders comments to if they didnt know who was sayin it


To many people on here ego tripping.

Dont take my advice man, was never a good teacher but its honest advice and intended for the best.

Adios

 

[aBadTrader]

No Its terrible.

If you don't want sound advice (After asking for it)
I'm sure many of us wont bother to reply to your queries.

His reply is exactly what holds back people from learning HOW to trade!

Just trying to keep the peace. If no one wants to reply to me then that's fine - I'll just continue reading. Sorry about the mess.

 

[darkhorse70]

No need to apologize. I wasnt fazed. Maybe some others were.

 

[burglar]

Just trying to keep the peace. If no one wants to reply to me then that's fine - I'll just continue reading. Sorry about the mess.

Don't be sorry.

You are in the beginner's lounge, you are here to learn!

 

[aBadTrader]

Don't be sorry.

You are in the beginner's lounge, you are here to learn!

Thanks Burglar

 

[tech/a]

To many people on here ego tripping.



Adios

That-----will definately stop me posting.

 

[pinkboy]

Haha you guys analyse every single word in a sentence like a darn professor.

Perhaps you should say this to yourself each and every time you post, and go over your post. You have a bad habit of just typing without actually engaging much more of your brain than what is coming off your fingertips.

To many people on here ego tripping.

What you call ego is what I (speaking for myself but others can agree) call 'qualified'. People are 'qualified' by their degree of education and experience. Your definition of ego is misunderstood.

Dont take my advice man, was never a good teacher but its honest advice and intended for the best. Ive re-read this 3 times to try to make sense. Possibly an effect of my point #1.

Adios
Took an hour before you were back

All with the best interests of all, yet my opinion I am responsible for. Julia did endorse fully what was meant in my earlier post in this thread.

pinkboy

 

[Julia]

No Its terrible.

If you don't want sound advice (After asking for it)
I'm sure many of us wont bother to reply to your queries.

His reply is exactly what holds back people from learning HOW to trade!

It would seem that's exactly what has already happened. No responses from the people who are the most qualified to offer a useful view.

 

[CanOz]

It would seem that's exactly what has already happened. No responses from the people who are the most qualified to offer a useful view.

Totally agree...only riddles and puzzles

 

[darkhorse70]

Tech, you can post as manych as you want. Ill take what you offer and use it. It doesnt matter if I like you or not.

Pinkboy high light the flaw in my advice taking into consideration what I really meant. Every one trades in a different time scale. For a intra day trader, day trader etc a perfect set up will look different. So you tailor the advice to your own. You guys hi jacked the thread. You guys had to have a whinge. Im sure your comments would get crapped on by elite traders. Unfortunately there are very few if any on this forum to call you out on your flaws. I guess thats why you guys have big egos. You want to be the centre of attention and have to pick every little detail some one posts to make yourselves feel big. Haha.

And stop trying to type like your some british scholar. Half the stuff you say tech, I cant even make out. I know you think you are very intelligent but maybe if you took the initiative to try and relate to others, your good advice .

I told him the advice was from a noob. I still stand by my advice. I love it though you guys pump me up to keep tearing through it. To keep turning the page and study till I make it. Thankfully I have an asset which alot of use dont have much of. Time hahaha

 

[darkhorse70]

By the way soory abadtrader. I wont comment again. Good luck man.

 

[barney]

By the way soory abadtrader. I wont comment again. Good luck man.

Howdy darkhorse ....... I like to read between people's line's a bit, and from where I sit I'd say you are genuinely decent young fellow with good intentions in regard to helping others .... On that score alone I would encourage you not be discouraged

Below I have Bolded out a few of the other things you said in that same post you copped a bit of a bashing over ...... For a so called noob, you actually gave some fairly sound general advice

What you said about waiting "forever"(that's an over exaggeration) for the good trades to come along was obviously another over exaggeration to make a point, however it was still better that an experienced Trader such as Pinkboy pointed it out just in case there was any confusion to other new traders .... As it turned out aBadTrader picked up what you were trying to convey anyway, so there you go!

You need to do alot of critical thinking. Once you know the basics, you follow the simple do's and dont's. You have to figure out what you did wrong and really understand why it was not the right thing to do. By really UNDERSTANDING it means that you are smart enough not to make that same mistake twice. After a while you will realise what trades/setups/trading style you have the most success in.

Dont beat yourself up.like any art it takes a long time to get good at. Just dont go blowing all your cash away. You are at your worste when you first begin, there for its logical to play smaller to lose less haha.

GL man. Oh yeah and one personal advice from a noob. Dont be impulsive. Wait for the perfect setup like your life depends on it. Maybe it might take months or a year but so what.

As you can see I also Bolded GL man ...... people underestimate the amount of luck involved in making good trades .....

The fact that you have also wished a perfect stranger Good Luck also says something about you personally .... you keep on posting!!



Burglar pretty much summed it up ... see below

Don't be sorry.

You are in the beginner's lounge, you are here to learn!

 

[aBadTrader]

Uhh... I appreciate the advice, but am a little disappointed about the attitude being shown in a beginner's lounge. I do admire though, the attitude of the experienced and successful, and I'm not looking to be coddled, though. so in a way I appreciate that too

Thanks for everyones advice. I take it all with a grain of salt and continue to read and practice and get experience.

I'll try to minimize the newb questions.

regards

 

[burglar]

... I'll try to minimize the newb questions. ...

No! No! No!
Do not minimise the newb questions.

If it happens that other posters are disagreeable
on you're thread, tell them to go have Hall Sex.

Hall Sex
Noun.

Typically performed by a married couple
when passing each other in the hall.
Does not require physical contact!

 

[pixel]

No! No! No!
Do not minimise the newb questions.

If it happens that other posters are disagreeable on your thread, tell them to go have Hall Sex.

agree +100% (except with the spelling : )

 

[tech/a]

Could you just point out where anyone has asked
that beginners questions are not welcomed or frowned upon?

Could you also point out specifically the ego posts?

Could you also point out where my observation and comments relating to bad advice given are in fact in correct?

Could you also clarify for me that the beginners lounge is for Beginners to ask and answer their own questions?

If experienced traders are welcome are they expected not to comment on bad advice as they see it?

The market is brutal and as 90% + of traders fail and its pretty clear from the experienced people here that Bad Trader and Dark horse are tracking down that road!

After 14000 posts and around 3500hrs of posting charts and writing up/passing on 20 yrs of experience is seen as nothing more than an ego trip.-------good luck you'll need it.

Oh and

Thankfully I have an asset which alot of use dont have much of. Time hahaha

Yes but I'm where you want to be!.

 

[pinkboy]

Thankfully I have an asset which alot of use dont have much of. Time hahaha

Yes but I'm where you want to be!.

Ive got to point out that Im not an experienced trader myself, nor even or ever will work in anything remotely trading related. HOWEVER, I rate my experience investing in property and business highly and can crossover that experience to the finance sector. I can spot what is good, fair and poor advice and pointed that out. My current portfolio is a boring one, and only in the $100,000s of ASX Top 50 shares unlike my businesses and property in the $millions, but this should somewhat change in the coming years.

Have to agree with tech/a. Experience does not equal ego, it qualifies and quantifies that particular persons advices with real life backup. If you want to butt heads with ego, go to a cycling or triathlon forum where everyone is a self appointed alpha.

Im 31 and phasing to retirement myself.....so Im pretty sure I have some time up my sleeve also.


pinkboy

 

[Tradelikespock]

One thing I'm wary of and won't make a part of my selection process: I don't rely on reports, broker valuations, crib sheets, or subscribe to newsletters that promise to highlight the next Big Thing.
Correction: I do take notice of some "recommendations" - but I use them as warning flags that tell me when it's better to get off a hyped-up rally sooner rather than too late.
(I don't chase Holy Grails either, i.e. I don't follow every new method that promises even higher returns: "Simply sign up at $xxxxx, and we'll help you make an average of 34% or 67% or whatever ..." The honest truth is that those offers are only benefiting the sellers, not the students. Special case of retail trading: Create a demand for a product that costs little or nothing to produce, then persuade customers to pay a high price.)

Amen. That's why it's so hard for me to sell on my website because 1.) Stigma of expensive crap courses and 2.) Honest selling doesn't sell.

It's easier to entice when vendors like newsletters parade their "1,800%" gains and make you have delusions of grandeur than to say "We'll teach you money management then show you practical application."

 

[darkhorse70]

Thanks barney. Appreciate the support. Abit of support goes a long way for me anyway. Tech im not saying your advice is bad. Im just saying you are 'ego tripping' because you deliberately want to bash the opinions of another (myself in this case) if you dont want to agree with it. It feels as though you are trying to prove your worth by destroying my opinion (in this case) or mocking it sarcasticly. I personally would never bash some ones advice or put them down. Dont get me wrong I argue with every one I know. I feel its the best way to learn. But im just saying you take some ones statement personally and are threatened by it hence I said ego tripping. I feel pink boy jumped on my back and you because of a previous thread I made about my ambitions in life and again feel threatened. Yes its ignorant but dreaming big is one of the keys to sucess as long as your still sort of rational haha. And I just got defence because I felt my advice although over exaggerated was a fair advice. I didnt claim any magic formula or such. The moral of my advice was make sure youve done enough hw and you guys were tryna pick a fight then also trying to blame abadtrader for not listening to your advice which he was and you guys also created a scene for nuthing. Im not going to lie I would be happy to know what you know but you know what. It might be destiny or not but I stumbled upon an article by mike bellafiore saying he was over whelmed by the amount of info there is on tradingm he thought if you know it all, its the only way to success. But he figured out 20% is relavent and the rest is junk and just confusing. To sum it up, stick to the basics, actually commit to them and I reckon you can become successful. Oh and by the way tech the article you sent me regarding volume analysis was the best article ever. So ill gove you that haha. Show me your asset balance and ill tell you if I want to be where you are at. You are 60 years old im assuming, you started trading at 40 so no I wouldnt want to be in your shoes. This is my journey and yeah success or failure itll be a life lesson either way. By the way sorry julia, this time im not going to use paragraphs ( I forgot haha), and im not going to proof read this so dont quote me haha. By the way I promised myself I wouldnt open this thread, just because its negative vibes and a distraction but I felt like I had to say thanks to barney hence this reply. Anyway take care peeps, no hard feeling tech, youve helped me the most on this journey so I got to thank you. Adios

 

[tech/a]

No the statement is wrong.
There is no other way to say it.
How you take the statement is yours --- you own it.

You don't have to be right to be very profitable.
Your statement ----- and your not alone---is
One that most beginners make after a string if losses.

You see as Radge once said
It doesn't matter that your wrong
But it does matter how long your wrong.

So nothing personal here either.
Simply an observation which I felt
Needed to be corrected. Just like
I would pull you back if I saw you stepping in front
Of a bus!


I can be wrong 90 % of the time yet profitable
I can be right 90% of the time yet go broke!

It's NOT about being right.