iCharts Discussions

[misscrore]

SVKUM Sirrr

Answers:

Objective: Get over fixation only with strategy...

1) no ... They should .... But nt post strategies claiming enormous profits .... Without testing ....

2) Who am i to say nt to read books .... Read anything ....

3) Guideline is what is reqd .... Am i asking ppl to come and teach .... No ways

4) ppl are following the wrong one ... So the claim

5) What will i get by doing this???? If i had to achieve anything ... Fyi m nt a tip seller

6) Again you dint get it ... I dont wanna suggest strategy ... The essense is to look beyond it

7) m trying to share what i learnt is that wrong ...

M nt here to become famous like many strategy advisors or journal maintainers .... U dnt appreciate that .... Anyways be safe

[maneesh007]

actually, fault lies in the title...Fool is such an offensive word that even fools don't like to be called by that name

[Alchemist]

[rk_a2003]

Hi Ajay&All

I read some where that one survey found that Pilots are the most successful traders. Guess why?!...not very hard… though.

[vinay28]

I wonder about the time people have to waste on redundant issues.

[svkum]

ppl loose money in market due to influence of fear greed and more importantly EGO , which is basic cause for prolonging lossy trade, and faulting on any strategies followed.
when you attack this basic EGO , by calling many traders ,successfull or not successfull FOOL , this is nothing but indulging in money business .
like that clown in congress Digvijay singh , who does nothing but instigates ppl and harming ego of opponentes.

so better stop this thread at once , which will not fetch any gain in any manner.
PT PL NOTE.

[svkum]

SORRY , WANTED TO SAY MONKEY BUSINESS

[trader_roshan]

Misscrore..

I agree with your view...strategy is not anything a-la holy-grail, it is the discipline that what matters the most...
market place is meeting place of odd and even minds...and the winner will be the one who has an open minded approach that is far superior to any proven or unproven strategy...
stick to your rules and respect the market....market will in turn respect you............

Cheers
TR

[misscrore]

[misscrore]

[crr]

misscrore,

I have already mentioned earlier that this is a piece of excellent thread.

I am delighted to see the self proclaimed gurus and authors of strategies are on the street to voice their protest.I am really delighted. Many thanks to you.

[opportunist]

I think in midst of all these comments we are missing the concern misscore has shown for fellow traders. I sincerely appreciate the same and would like to add that many senior traders also are equally concerned going by their posts and advice from time to time.

True, day trading is a zero sum game. True, the successful traders are the lions who dine on the newbies. But end of the day as human beings we all feel bad when a fellow trader is down because he lost money or is not able to figure it out the way the prices move.

But let us also realize that it is out of such altruistic feelings (and not for fame alone) people elaborate their method of trading (here dubbed as 'strategies') hoping that newcomers would at least find a way in this madness and that the money management part will be taken care of. Of course they enjoy the respect they get as gurus. But that much human frailty we should accept. Nobody is perfect.

Alas such piecemeal approach does not work. Unfortunately most rookie traders learn it the hard way only when they lose their shirt. If they have a large wardrobe (read large trading account) they get promoted to the next level of learning ...and this goes on till they graduate into the ‘lions’ themselves.

My understanding is that while altruism is a noble emotion it is not natural or sustainable especially in the stock market. Nature likes fighters who struggle to become stronger and it abhors the loser eliminating them in the process.

As someone said, 98% traders fail; a few years from now only the 2% successful will continue on their own steam. The rest will find an alternative profession.

That’s life - Survival of the Fittest.

[sonila]

Misscrore, u r gr8. Ur postings r excellent, u have raised valid points, u have indepth knowledge of market and so on......but instead of pulling legs, plz contribute sthg which will improve trading.

[misscrore]

Sorry Sonila ... I dont take any of your compliements ...


and talking about contribution .... i think I have already done my bit ...

[aptcap]

i think its a good discussion. and it atleast something i have also observed so far. there are strategies galore - crossovers, indicators, bands etc. but some strategies do go beyond the mechanics of the trade and address issues like trade management and money management which is where the new trader sorely lacks discipline/knowledge and more so bcos of inexperience. and perhaps that why some of these have bcome more popular than others.

misscore did define "all traders are fools" as majority but may be that was deliberate to try and get responses which he has succeeded in getting.

so why this kolaveri kolaveri di?

interesting responses nonetheless.