iCharts Discussions

[opportunist]

I have an entirely different take on what misscore says.

YES MOST TRADERS ARE FOOLS. But precisely because of the foolishness of the majority the minority makes money. Stock market is a zero sum game. Here one group is betting against another group's judgment about a price movement. One man's wrong judgment ends up to be a profit on another's trading account.

This is the fundamental structure of the business (at least day/swing trading business, not maybe long term investing)

So misscore no need to get agitated. If your heart bleeds for the lambs who get slaughtered everyday stop eating mutton yourself first. In other words leave the trading business and start an NGO '' since you yourself make money on other's foolishness (assuming that you really do so ).

Regards,

Oppo

[vinay28]

[codered]

[misscrore]

[Alchemist]

[misscrore]

So in short alchemist and oppo accept traders are fools.... And so u r surviving ... I hv driven home my point to all those whom i had hinted in my first post ... Thanks

[Alchemist]

[maneesh007]

Wisdom comes from our experience, and our experience comes from our foolishness... Isn't it guys



But, On a serious note, I can feel the essence of this topic, which he is trying to convey...


Warm regards

Maneesh Bhardwaj

[misscrore]

[ANS_KOL]

My dear friends,

kindly concentrate on your trade and strategies instead of getting your blood pressure high by indulging into topics like this.
I know this kind of topics are very indulging and it s hard to stop yourself from replying but still do not lose your composure and let s get back to our job of trading and let s enrich ourself and progress as traders.

dear misscrore, welcome to the forum. I strongly believe god exists in all of us and each of us serve a purpose for others. So , a kind request, try to get into strategies and trading techniques a bit more and who knows , your idea may change. look at the positive side of things and just do not turn them down.

This is my only and last post in this thread and after this I will never post under this thread on however large the provocations are, as I believe such kind of thread should not exist.

friends kindly stay away to avoid getting distructed. full time traing is taxing physically and psychologically, so do not waste your time by posting under such kind of threads.
people like avinash, parray, rk and a few given us so good strategies after long research and hard work. let s pay some respect to them and techniques, let s learn to apply that to practice to save and multiply OUR MONEY!

thanks and regards.
have a wonderful and profitable week ahead.
ANS.

[ajayhkaul]

misscrore ... I wrote the blog '36th Chamber of Shaolin' ( my blog and thread under Market direction) in an attempt to cover what a trader will go thru in his quest for profits.

The various threads are individual traders attempts at their systems and we know that nothing works all the time in the markets.

However if any trader manages to get greater than 50 percent odds in his favor , he would end up with a statistical positive expectancy. Just as in the casino where the odds in favor of the house are 53% or so and the house always wins in the long run.

Various threads are journals ( i think) of the traders . But no two traders are alike and what works for you may not work for me and vice versa. So following the systems proposed in the threads will not work with everyone because it is the 25% of trading and rest 75% is individual trader psychology/personality.

So it is possible that many of the thread writers have got positive net results with their systems, but their results may not be replicated by people trying to follow them and hence some element of frustration may come in.

Ultimately every trader has to find his own 'holy grail' which can be a long and expensive endeavor for most people . 98% of traders fail . One great guy who made millions ( Jesse Livermore ) lost them and rebuilt and lost again and finally committed harakiri !

Hope this enlightens about what we are into .... It looks easy , but it is not .

A surgeon has to study etc for almost 10 yrs before he is allowed to operate.A pilot undergoes rigorous training and needs to log hours before going solo But most people jump into trading without any knowledge or training because there is no barrier to entry.

Why should trading be any different?????

[maneesh007]

I fully admit that strategy is an important part of trading & even in life...coz, bina strategy ke to GF bhi set nahi hoti ...but at the same time , it's the person behind that strategy, his midset, temperament which matters most & above that strategy itself...for giving impetus to my comments , giving example of one icharts member, who is a genius...he has got a time tested strategy in his arsenal, but u will be shocked to know that even then,he can't trade successfully...coz he can't handle the pressure of playing with real money...so, he adjusted with the situation & now he is providing tips, guidance or whatever u say, & now he is earning handsome income as shared profits

So, conclusion of this boring statement is that we should always try to understand ourselves first (strengths & weaknesses) & then try to adopt (not choose like a window shoping ) any strategy ...hope I am sticking to my limits

[svkum]

Dear misscrore,
what is your ultimate objective of your post ?
1)ppl should should stop writing of their strategies , their experiances, which others or interested readers would benifit otherwise?
2)all books and articles published also should not be read by many readers , since they also can not be believed without any facts and fig.
3) money management is reqd to be practiced and an not be expressed in 2+2 way as proof , so at the most it can be expressed as guidelines.
4) many traders in icharts may be following this , need not be apperaing in SB . so its foolishness to say traders are foolish 94 fingers are pointing at yu pl note)
5) what you wanted to achieve ? by highlighting ans sensetinalising yr post , you wanted to prove yu are smart and others are foolish ( while at the same time yu say you are not affected) 6) if you are successfull as a trader ( not getting fooled ??)pl spell out your strategies and money management technique .
7) SB and forum is learning ground for traders , if you can not add to this , atleast dont try to discourage others ( dont get fooled , others will get discouraged)
dont assume yrself sitting on top of observatory tower and critisizing many successful traders.

expecting yr foolish rebutting

[veerappan]

thatha

[maneesh007]

....