Trading Claims

Doesnt suit the individual

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This is very important.

You may have to try a few.
I managed first go with most of mine
Due I guess to checking out what I thought I needed against what I thought they could offer.

Ive said of most mentors that I like and enjoy the way they think!
In fact the "Way" people think is to me an endearing and compelling reason to get to know them. most people who are attracted as friends I find have this quality---both men and women.

tech/a said:

This is very important.

You may have to try a few.
I managed first go with most of mine
Due I guess to checking out what I thought I needed against what I thought they could offer.

Ive said of most mentors that I like and enjoy the way they think!
In fact the "Way" people think is to me an endearing and compelling reason to get to know them. most people who are attracted as friends I find have this quality---both men and women.

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Surround yourself with fools and you will be a fool.

Reverse that for this discussion .....

kennas said:

Surround yourself with fools and you will be a fool.

Reverse that for this discussion .....

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I'm a great lover of fools ----
Let us be thankful for the fools. But for them the rest of us could not succeed.

Wise men talk because they have something to say; fools, because they have to say something

The surprising thing about young fools is how many survive to become old fools.

Ridicule is the first and last argument of fools.

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But let us not forget

The greatest lesson in life is to know that even fools are right sometimes.

Which not withstanding

A common mistake that people make when trying to design something completely foolproof is to underestimate the ingenuity of complete fools.

And lastly common in many of these threads.
Just take a look at the "Losers-Housing-and Stock threads"

Any fool can criticize, condemn, and complain -- and most fools do.

Kennas I see we share a common interest then.

tech/a said:

I certainly DISAGREE with your view on mentors.

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No you don't, we agree. What I am saying is that yes a mentor can be great if they actually have something to teach. Ones that are full of **** ARE time wasters at best.

Its up to someone with experience to throw out some cautionary words. This I think we agree on?

I will post two or three examples of threads later when I have time of exactly the dodgy "mentoring" I mean.

tech/a said:

Kennas I see we share a common interest then.

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I've only ever been successful at a job by having very smart people work for me.

Or, been trained well...

No you don't, we agree

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Sorry next time I'll PM you just to be sure.

I've only ever been successful at a job by having very smart people work for me.

Or, been trained well...

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Ha ha we certainly have them FOOLED!

tech/a said:

Ha ha we certainly have them FOOLED!

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tech/a said:

The greatest lesson in life is to know that even fools are right sometimes.

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Absolutely correct, and this may be the problem with some of the posters that this thread is rightly aimed at.There is nothing to stop them posting their odd big winners to convince all and sundrie (well almost) that they have the holy grail.

On the mentor point I agree with Tech.Find a good one that suits your style and they are invaluable.How do you know the good from the bad ? Easy, go with the ones that trade a real time account, updated daily and see if they make a profit or not.You'll soon see the B/S*ers from the good ones.

I can only speak for myself, but my mentor often (without realising) often picks me up when things go pear shaped, and puts me in my place when I think I have it sussed and am the best trader on the planet.Invaluable.

kennas said:

Surround yourself with fools and you will be a fool.

Reverse that for this discussion .....

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tech/a said:

I'm a great lover of fools ----
Let us be thankful for the fools. But for them the rest of us could not succeed.



But let us not forget

The greatest lesson in life is to know that even fools are right sometimes.

Which not withstanding

A common mistake that people make when trying to design something completely foolproof is to underestimate the ingenuity of complete fools.

Any fool can criticize, condemn, and complain -- and most fools do.

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Nothing personal meant here gentlemen ---- and its probably getting the thread off topic (then again maybe not) ----- but i thought the tangent of 'foolishness' may warrant some balance of debate ---

“Perception that others are foolish may in fact be an inability to accept a view that is outside our own scope of understanding. If we do not understand, yet we criticize, are we clever, or perhaps foolish ourselves.?”

“To judge another as being a fool due to our own narrow mindedness and lack of depth of rationality may in fact render us the foolish one.”

“Is a fool one who dares to speak what others wish not to hear, and is ridiculed, or is the fool he that chooses not to contemplate the possibility that there may be different perceptions of the truth to his own?”

Food for thought perhaps

Cartman said:

Nothing personal meant here gentlemen ---- and its probably getting the thread off topic (then again maybe not) ----- but i thought the tangent of 'foolishness' may warrant some balance of debate ---

“Perception that others are foolish may in fact be an inability to accept a view that is outside our own scope of understanding. If we do not understand, yet we criticize, are we clever, or perhaps foolish ourselves.?”

“To judge another as being a fool due to our own narrow mindedness and lack of depth of rationality may in fact render us the foolish one.”

“Is a fool one who dares to speak what others wish not to hear, and is ridiculed, or is the fool he that chooses not to contemplate the possibility that there may be different perceptions of the truth to his own?”

Food for thought perhaps

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Sorry to burst in upon this wise thread, but, for an understanding of fools you need to read Shakespeare many times.

In his works there were many fools, both wise and ignorant.

Who would say over the last 5 years in the market that he or she is not a fool at times.

As for gurus, they are not fools, they are smart.

I prefer fools.

gg

http://www.enotes.com/shakespearean-criticism/shakespeare-s-clowns-fools

Cartman said:

Nothing personal meant here gentlemen ---- and its probably getting the thread off topic (then again maybe not) ----- but i thought the tangent of 'foolishness' may warrant some balance of debate ---

“Perception that others are foolish may in fact be an inability to accept a view that is outside our own scope of understanding. If we do not understand, yet we criticize, are we clever, or perhaps foolish ourselves.?”

“To judge another as being a fool due to our own narrow mindedness and lack of depth of rationality may in fact render us the foolish one.”

“Is a fool one who dares to speak what others wish not to hear, and is ridiculed, or is the fool he that chooses not to contemplate the possibility that there may be different perceptions of the truth to his own?”

Food for thought perhaps

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The tendency to dismiss something or discount something is foolish. "On the pretext that I know it all, I'll discount it!"

But I think Gurus are smart and agree with you Garpal.

Cartman said:

Nothing personal meant here gentlemen ---- and its probably getting the thread off topic (then again maybe not) ----- but i thought the tangent of 'foolishness' may warrant some balance of debate ---

“Perception that others are foolish may in fact be an inability to accept a view that is outside our own scope of understanding. If we do not understand, yet we criticize, are we clever, or perhaps foolish ourselves.?”

“To judge another as being a fool due to our own narrow mindedness and lack of depth of rationality may in fact render us the foolish one.”

“Is a fool one who dares to speak what others wish not to hear, and is ridiculed, or is the fool he that chooses not to contemplate the possibility that there may be different perceptions of the truth to his own?”

Food for thought perhaps

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One thing is for sure , your not one Cartman

Cheers

Bobby said:

One thing is for sure , your not one Cartman

Cheers

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thank you Bob ---- i suspect there may be others who dont hold your conviction however ---- In the words of the illustrious Ned Kelly --- "Such is Life"

Re: Trading Claims.

MS+Tradesim said:

In your dreams that's your missus!!


The rest of it I've no problem with.

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Actually, if that was his missus, she would have left him ages ago and taken the House, the Ferrari and the Lamboghini with her.

kennas said:

Surround yourself with fools and you will be a fool.

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Yep.... that might explain why I can no longer reply to your blog, from yesterday......

kennas said:

I've only ever been successful at a job by having very smart people work for me.

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Tech/a's response to the above was referring to you Kennas as being no fool and being smarter than those VERY SMART PEOPLE because they were making money for you.

As I can not respond on your blog anymore as the King of the jungle has spoken can I respond here?

You clearly blame yourself, yes..... but you blame yourself for listening to other posters opinions "the scaredy bears" which somehow stopped you from buying a heap of shares at 3-3100. Although you were waiting for 2800. It was going through mine and many other heads as well "Is it close enough" and I'll add I was not waiting for 2000, 2000 was my figure for leverage, just in case... As I appeared as one of two scaredy bears on that blog of yours could it appear that your comment could involve some of my comments? Perhaps?

Anyway, happy you're on top of some of the problems now!
Need another mentor Nun, T/H, U/F, NM4's what ya doin?

MRC&co I understand why then you respond... and although this thread does seem to be the correct place "It's not a competition"

MR. said:

Anyway, happy you're on top of some of the problems now!
Need another mentor Nun, T/H, U/F, NM4's what ya doin?

MRC&co I understand why then you respond... and although this thread does seem to be the correct place "It's not a competition"

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Thanks for the mention but honestly i shouldnt be included in that list ....im no guru /swami/teacher . i trade for myself , i do not tend to share how i trade as i feel MY methods are only any good for ME ..... im just a bogan from wa that has his own ideas on how MY money should be controlled and each individual varys .....

its not that i dont want to help , its that i dont know how to guide or advise anyone on ANY perceieved correct strategies, as my strategies are for me and me alone.

happy to give an opinion on ANY question you have at any time tho if i can


personally think them other boys mentioned would be able to take you further and faster than i ever could

cheers

anyone take any notice of covestor? seemed a good idea at first.

but the methodology sucks. I read once Tim Sykes reckons every trade is presumed to be your whole account, which is why his return is recorded as 1700% in 18mths.....which he says of course it isn't.

I think validating claims is important.
I almost immediately dismiss people who talk about $ profits rather than %s or R values. $s don't tell you squat about the risk you took to get the reward, nor the % of account you put on.

I am more interested in Rs, leverage, time in the market, expectancy....rather than a trade here or there.

I am also interested in people who have made a specialty of trading a sector, or a couple of commodities, or an index....via options, cfd's, futures.....and have depth of knowledge.

I was going to do this with gold, but eventually realized gold spends a lot of time doing nothing. So the 500 hours it might take me to read, write up, and organize notes about it, wouldn't return as great a reward.

There's also a lot of stuff going on you can't get reliable info on....like what the IMF, central banks, and treasury depts are doing with it....what Indian demand is like at a certain price on Dhanteras and Akshaya Tritiya.....and then there's so many rumours/misinformation it is a laugh. (like equities)


What I find is a lot of reasonably intelligent people approach trading the same way- talk to friends, read 20 odd books in their spare time, get some charting software, join a forum......they all end up with the same scratchy skill set for the same number of hours invested.

Maybe 5 out of 100 get on a fast learning curve.....or stick with it for years and end up justifying the hours they spend at the puter.

I know one guy who trades professionally (for 5 years). no job. just trades the US markets 2-4 nights a week. He has travelled to the US and UK on 5 occasions for trade workshops with gurus. The best he's done is two years at 40%pa returnsl.....I haven't asked what his worst is. He's read every trade book I've heard of, and has probably 150 on his shelf at the moment.

I sometimes think he has spread himself too thin and overly complicates things.....but then I reckon to get consistent rewards, you do have to specialize.

helicart said:

.....but then I reckon to get consistent rewards, you do have to specialize.

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There is a huge amount to learn and as you state, specialising would reduce the time taken to become proficient. Specialising in `what` is something that I think many find the difficult part. `What` trading vehicle and method.

Chart Technical Analysis alone is broad and a practice that many talk about but few have a sound understanding of.

Would be good to see some more T/Aists on this forum to share their experience and more importantly explain what it is they are seeing. I do suppose there are many of us who have much to learn.


.

afternoon - for the avoidance of doubt just post a screen shot of entry & exit showing time & price as-soon-as after a trade. have seen thsi work elsewhere & weeds out dubious posters

Edwood said:

afternoon - for the avoidance of doubt just post a screen shot of entry & exit showing time & price as-soon-as after a trade. have seen thsi work elsewhere & weeds out dubious posters

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Edwood!!!!???? Your alive

Welcome back mate!

Where'd you git ta?

CanOz