NexusFi: Find Your Edge


Home Menu

 





Secret Strategy and Needing to Connect with Others


Discussion in Psychology and Money Management

Updated
      Top Posters
    1. looks_one teamtc247 with 5 posts (7 thanks)
    2. looks_two aquarian1 with 4 posts (4 thanks)
    3. looks_3 Rock Sexton with 2 posts (0 thanks)
    4. looks_4 deaddog with 2 posts (6 thanks)
      Best Posters
    1. looks_one TheWizard with 15 thanks per post
    2. looks_two rleplae with 12 thanks per post
    3. looks_3 deaddog with 3 thanks per post
    4. looks_4 teamtc247 with 1.4 thanks per post
    1. trending_up 6,247 views
    2. thumb_up 63 thanks given
    3. group 15 followers
    1. forum 24 posts
    2. attach_file 0 attachments




 
Search this Thread

Secret Strategy and Needing to Connect with Others

  #21 (permalink)
 
teamtc247's Avatar
 teamtc247 
Fairburn, Georgia
 
Experience: None
Posts: 980 since Dec 2012
Thanks Given: 644
Thanks Received: 1,116


lsubeano View Post
There's nothing new under the sun!

lol

I remember years back posting on some other forum my 'great' system I read about in a book...I wanted to give back as a newbie (even though I didn't think I was a newbie)....I was so offended when I posted it and they move it to beginners forum....

what??? that strategy isn't beginning traders level? It was advanced....there was a moving avg. crossover and everything....

wow! at least now I realize how dumb I actually was!

It's funny when people think they know something that they really don't...but you do.

My silly story aside, curiosity killed the cat....not generosity

2 Corinthians 9:6-12 “Each one should give as you have decided in your heart. You should not be sad when you give, and you should not give because you feel forced to give.”

1 John 3:17-18 “...We should love people not only with words and talk, but by our actions and true caring.”

how much better would the world be if everyone was generous instead of greedy? If you've traded any money live you already know what being motivated by greed can do to you.


...on the 'secretive' side.....You don't know what you.....don't know

...but if you did know what you....shouldn't know....then you're in the know.....

Statistics can play a part as well....which is just info.....

But this does bring about an interesting question imo.....

Is knowing some 'secretive' knowledge a major part of a great trader's edge or just a crutch?


Good insight here. I don't really think anything in trading is that secretive it's practically posted in plain view on many forums. It just seems that most folks(traders) act more secretive and that leads to some sort of deception that there is some sort of black magic and new traders get caught up on that.

I just think new folks get super distracted on indicators which ones to use and become frustrated with how they're using them when they don't work. I guess it just takes awhile for folks to filter what's fact from what's not and understanding that anything can happen, but if you play the game by the rules you can win the game.

Process oriented goals #1.
Visit my NexusFi Trade Journal Started this thread Reply With Quote
Thanked by:

Can you help answer these questions
from other members on NexusFi?
About a successful futures trader who didnt know anythin …
Psychology and Money Management
MC PL editor upgrade
MultiCharts
REcommedations for programming help
Sierra Chart
Better Renko Gaps
The Elite Circle
Pivot Indicator like the old SwingTemp by Big Mike
NinjaTrader
 
  #22 (permalink)
 
aquarian1's Avatar
 aquarian1 
Point Roberts, WA, USA
 
Experience: Advanced
Platform: IB and free NT
Broker: IB
Trading: ES
Posts: 4,034 since Dec 2010
Thanks Given: 1,509
Thanks Received: 2,593

Full Text of The Little Red Hen story | Speakaboos Videos

..........
peace, love and joy to you
.........
Visit my NexusFi Trade Journal Reply With Quote
Thanked by:
  #23 (permalink)
 
teamtc247's Avatar
 teamtc247 
Fairburn, Georgia
 
Experience: None
Posts: 980 since Dec 2012
Thanks Given: 644
Thanks Received: 1,116




Haha that's a good story. Good meaning as well. I get what you're saying. Nice way of saying it without saying it lol. That's style.

Process oriented goals #1.
Visit my NexusFi Trade Journal Started this thread Reply With Quote
Thanked by:
  #24 (permalink)
 johnedoe 
Eugene, Or. USA
 
Posts: 18 since Sep 2014

Really.... Trading is far easier than you make it.

A good system is really pretty simple and robust across many markets. As a friend of mine who is a professional trader has said.... You should be able to write the rules on a 3x5 card.

But simple is "Too simple" as humans we tend to complicate everything in the goal of making it better........ Remember, the more complex the system the more opportunity to make mistakes and to experience system failure.

Regarding systems .... there are a ton of them out there and many of them are profitable even if you can't trade them.
It is difficult for a person to trade someone else system..... you have to make/find and alter a sound methodology to your personality to have any hope of succeeding.

Reply With Quote
  #25 (permalink)
kernel
Tashkent+Tashkent/Uzbekistan
 
Posts: 11 since Apr 2014
Thanks Given: 0
Thanks Received: 5


johnedoe View Post
Really.... Trading is far easier than you make it.

A good system is really pretty simple and robust across many markets. As a friend of mine who is a professional trader has said.... You should be able to write the rules on a 3x5 card.

But simple is "Too simple" as humans we tend to complicate everything in the goal of making it better........ Remember, the more complex the system the more opportunity to make mistakes and to experience system failure.

Regarding systems .... there are a ton of them out there and many of them are profitable even if you can't trade them.
It is difficult for a person to trade someone else system..... you have to make/find and alter a sound methodology to your personality to have any hope of succeeding.


Yeah, simplicity is the best feature of any trading strategy. Especially when the object of analysis is for the most part pattern built system.

Reply With Quote




Last Updated on September 29, 2014


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts