Thread: Stop fooling yourself There is no system

90062

Originally Posted by ;

And there's absolutely no one that knows how to trade. When there was, W. Buffet would be his butler and Bill Gates his foot chair. 5% each month, which many traders find to be laughable, make 1 trillion dollars from $50 in under 40 years. Unless you are a rat from a Federal reserve with insider's advice, trading is glorified gambling no more and no more. Only ones that win are those that are blessed and stop early. Sorry.

That is all false. So false I feel for you because I wonder why you're on a trading forum

90062False.

There is is not a system, there are many systems.

I have clawed myself from the belief that there is not any method to beat the market to a calm assurance I can walk into any market in the world and profit. It took my 5 decades of study and losses to receive it.

The response to success in the financial markets lies inside you. YouYOU! Switch off your investment advisory company, delete your forum regiions and lock yourself into your area for 10 hours a day, dragging the chart one candle at a time until you receive it. I gave up on trading before one I moved into my room and locked the door and decided I would leave that area for a trader or give up on trading completely. For 14 hours that I pulled the chart, 1 candle at a time, and traded within an Excel document. Accross that period of time, I followed my own system and averaged 5 percent weekly employing no leverage. From that point on, I stuck with my strategy realizing that all of those wise saying the professionals replicate over and over again imply something.

In case you really, really wish to be a trader, treat this like a business. In the event that you have been an accountant and might never really understand a balance sheet, then you'd spend the weekends analyzing until you have it. Trading is no different in it is a job. . .why do you spend time on it and expect profit?

90062Exactly

90062

Originally Posted by ;

that's my point....

Why is it not so???

So accurate every time I jump in my car and drive I am taking a bet, consant vulnerability to this action s the risk that it really posses from the conscious of the subconscious mind. . Each time I hit the T on my IB orders it is a bet.... Either my TP is hit or my SL, I have no control over the results no matter how great the signal is.

So that you believe trading is different to blackjack or roulette, how? Both may get systems employed to better the chances (if they do or not is a different post)....

Truly... though if you're a great driver you simply take every essential step and precaution to guarantee you get into where you need to go without coming right into trouble.

Roulette is chance - pure and simple. There's not any logic to the outcome, just blessed if you win, unlucky if you don't (although the chances are stacked against you). In trading this isn't the situation - there will be some people who believe they are in reality betting and understand how to trade but if you understand the market you will know the way to trade and in what direction. The market is merely a buy/sell mechanism, it is not a selection of events. Everything that happens (and I am not speaking about ten pip goes here and there) happens for a reason.

90062

Originally Posted by ;

Indeed... though if you are a fantastic driver you simply take every necessary step and precaution to make sure you get to where you want to go without coming right into trouble.

You perhaps the very attentive driver taking every precaution you can, that will not help you if a vehicle swerves into your lane at the last second and hits you head on....

Originally Posted by ;

Roulette is opportunity - pure and simple. There's no logic to the result, just blessed if you win, unlucky if you don't (although the odds are purposely stacked against you). In trading this is not the case - there will be some people who think they know how to trade and therefore are in fact gambling but if you understand the market you may know where to trade and also in what way. The market is a buy/sell mechanism, so it is not a collection of events. Everything that occurs (and I am not talking about ten...

So you have a motive but that does not help your chances of being right, looking at whatever after the simple fact makes sense, even when it is real time at the moment it is a completely new game. Roulette is not random each spin is unique in the sequence for that point in time of it. Just like that tick is in the market...

90062

Originally Posted by ;

you maybe the very careful driver taking every precaution you can, that will not help you if a vehicle swerves into your lane in the last minute and hits you head on....

So you have a reason but that doesn't help your chances of being correct, appearing at anything after the fact makes sense, when it's real time in the moment it's a whole new game. Roulette is not random each spin is exceptional in the arrangement for this stage in time of it. Just like this tick is at the market....

Okay, I'm not going to argue for the sake of recovering. My point is that if you know what you are doing you are jumping in trusting that you get lucky.

My reasons for taking a trade do increase my odds of being right. I trade based on the long-term trend, where there's proof that buyers outweigh sellers or sellers reevaluate buyers. You boost your odds of loosing, Should you choose the ideal side you boost your chance of winning if you decide on the side.

Only because a roulette wheel spin is unique doesn't make the outcome any less arbitrary. If you can show me an effective approach then I will fly you to vegas and also you are able to play all of my money and make me a multi-millionaire in one night. Sound like a plan?

90062

Originally Posted by ;

Ok, I am not going to argue for the sake of arguing. My point is that in case you understand what you are doing then you are jumping in trusting that you get lucky.

I never mentioned nor discussed that you or someone had no idea.

Originally Posted by ;

My reasons for taking a transaction do increase my chances of being right. I trade based on the long-term trend, where there's evidence that buyers outweigh sellers or sellers reevaluate buyers. You boost your odds of loosing if you choose the side you boost your probability of winning if you decide on the side.

No they do not. No matter what you may believe, even when you're right 99.9999percent of the time another trade whatever the fashion or the system can guarantee you will be right on it. That's a fact of trading or investing. I trade a system, I tell myself that I take a transaction, helps to keep me clear every time, and keep my ego in line.

Originally Posted by ;

Just as a roulette wheel spin is unique doesn't make the result any less random. Then you could fly and you are able to play all my cash and also make me a multi-millionaire in one night if you can show me a proven approach. Sound like a plan?

When you've got a MASSIVE account to wager with then there's a system that has odds as great to better then any trading system.... Martingale, however, this opens up a new conversation.... The casinos are already aware of this strategy dining table limitations were implemented by them.

What makes any sign in the market any less random in the event you can not look at a chart and decide on every next directional change???

Nobody is arguing here, you questioned my post so now I am questioning your answers. I belive in suggest trading I do it... but what I do live by and esteem is how that the market does what it enjoys no matter what I think it will do. If this is the case then yes I do think it's random. However, by the same token I think it's predictable cuz I trade put retracement signal patterns that make me profitable.

Great trading and respect to you for remaining civil.

90062if you trade a system. What exactly are you arguing here? That everything is not random is a dumb debate

90062

Originally Posted by ;

if you exchange a system you already know you are trading probabilities. What exactly are you arguing here? That everything is not random is a dumb argument, not worth going into

LOL would you actually examine the markets?

Go read Trading in the Zone partner, and return to me.

90062

Originally Posted by ;

should you exchange a system you know you're trading probabilities. What exactly are you arguing here? That everything is not random is a dumb argument, not worth entering

Past performance isn't a indior of future achievement.

Every day a new day. . .yadda yadda yadda...