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Lance Begg vs Al Brooks

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Elite Member
Bala, PA, USA
Trading Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Mirus, IB
Favorite Futures: SPY, Oil, Euro
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forrestang View Post
Well, the odds of that event occurring for the monkey are INFINITESIMALLY small. We're talking gagillionths of a percent here.

You have the aptitude to be a discretionary trader, I'm certain of it. You simply found another way before you figured it out, and you have likely resigned to the fact that it's an impossibility for you.

Lawl, if I figured out my mechanical system, I'd probably give up the idea of discretionary trading all together, and I'd be like the guy that wrote "market wizards," and say I can't trade discretionary either. (He said he couldn't trade discretionary and that systems trading was the only thing that allowed him to trade successfully).

You might be right. One of the issue behind the high trader failure rate is that, by default the great majority of traders are discretionary traders, and whether I am right or wrong about needing to have the aptitude, the discretionary trading learning process tends to take most traders to the 'point of ruin' way before they can develop that skill. So maybe the reality is, most may just blow up their accounts before they had the chance to fine tune their discretionary skill.

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