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Traders Love privacy ?
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Created: by Mwenga Attachments:0

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Traders Love privacy ?

  #11 (permalink)
Columbus
 
 
Posts: 6 since Mar 2017
Thanks: 0 given, 6 received


Mwenga View Post
I have noticed that as a Trader becomes more experienced and grows in terms of skills, the more private He/she becomes or wants to become. They stop posting their trading results unnecessarily, some even don't talk about trading at all! hell, some even about the markets! (unnecessarily)
I think the reason for this is that trading becomes an expression of the self and hence personal, and logically, nobody goes around talking about or sharing their personal stuff. Being private ends up becoming a matter of common sense and natural. Anyone with the same experience or thoughts or disagrees?

Honestly, I am profitable in the FX world, and getting there in the futures world. However, I assume that it translate no matter what market you trade.

There will come a time where the people in the forums become more of a distraction than anything else. Its a lot like going out to the bars. Yes, it can be fun, but in the end its all the same. Forums are basically entertainment at best. I can also say that almost nobody on one is profitable, and the more they post - the less likely to be true.

And then there is the behavior of people on these things. People can get really mouthy behind a computer monitor, but in real life it is different. It shows weakness, and its aggro I don't need. This is more my experience at Forex Factory, but it only took about 5 posts to start having $hitheads giving me grief about something here also. Its just how the losers and weak roll. Those who are profitable are basically elite, and don't waste their time with negativity.

My 2 cents. I could be full of shit though. Who knows?

Chris

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  #12 (permalink)
south africa
 
 
Posts: 170 since Dec 2018


clockwork71 View Post
My 2 cents. I could be full of shit though. Who knows?

Of course everyone is an individual. I think you need to separate aggression from negativity. I am a super happy positive person but our family holidays usually stop just short of a fist fight over even something as stupid as Lebron vs Jordan. I am far more mouthy in person. I would have felt very at home in a Chicago pit. To me, this is not a gentlemanly game like golf at Augusta. I have read fighting on the floor was a huge no no so guys would take it outside and settle things with a fist fight.

As far as posting trading results I just don't care. To me what speaks the loudest here is everyone is making huge profit$ scalping ES but there is absolutely no discussion of long term investments from that cash flow. Never read anyone mention a real estate investment they made here. That pretty much says everything you need to know really IMO.


Last edited by centaurer; April 22nd, 2019 at 07:45 AM.
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  #13 (permalink)
Minneapolis
 
Trading Experience: Intermediate
Platform: Sierra Chart
Favorite Futures: E-mini ES, Crude CL, E-mini Russell RTY
 
LonnieMSP's Avatar
 
Posts: 9 since May 2019
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For me itís not so much the esoteric parts of trading itís the gap between perceptions and reality and peopleís relationship with money.
Friends and family, a necessity for a well rounded life. Weíve learned to accept their quirks, and on balance, theyíve learned to accept ours.
Letís not kid ourselves though, most of them are terrible with money. Some people think they can pick up the latest issue of USA Today and have a well-I formed opinion on the markets and ďbusiness.Ē Others have accumulated assets in a bull market- hard not to if you live beneath you means- and feel they are somehow more smart than lucky on timing and placement....after all we couldíve been born in sub Saharan Africa.

It amazes me how people assume they know what trading is and diversely underestimate the amount of work involved.
I used to talk to my dad and update him on my progress. His egocentric and superstitious nature makes it difficult to suffer through a conversation. Heís excited to talk to me and seeing my progress, but in all humility canít comprehend some of the complexities and paradoxes of trading.

Just my perspective. FWIW.



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  #14 (permalink)
St. Louis
 
Trading Experience: Beginner
Platform: thinkorswim, NT8
Favorite Futures: equity and fx futures and options
 
Leon of Pizza's Avatar
 
Posts: 129 since Sep 2013
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LonnieMSP View Post
Traders Love Privacy?

I think not. Otherwise you wouldn't have shared your experience and posited the question. my thanks, btw.

I have the same experience you do. I don't want to talk about trading with others who only have an average understanding of it, but when I encounter another trader, I welcome and encourage engagement. I'd estimate that half of the general public doesn't know that markets are bi-directionally profitable, but they know prices are bi-directional. "oh, yeah, selling short, I've heard of that. But that's immoral..." - the OL.

You've made yourself an expert in a particular discipline and in the process, made yourself an outsider to the larger social group. There's a social price to expertise.

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  #15 (permalink)
Legendary Market Wizard
Columbus OHIO
 
Trading Experience: Intermediate
Platform: NinjaTrader
Broker/Data: NinjaTrader Brokerage
Favorite Futures: ES,
 
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Posts: 947 since May 2017
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Leon of Pizza View Post
I think not. Otherwise you wouldn't have shared your experience and posited the question. my thanks, btw.

I have the same experience you do. I don't want to talk about trading with others who only have an average understanding of it, but when I encounter another trader, I welcome and encourage engagement. I'd estimate that half of the general public doesn't know that markets are bi-directionally profitable, but they know prices are bi-directional. "oh, yeah, selling short, I've heard of that. But that's immoral..." - the OL.

You've made yourself an expert in a particular discipline and in the process, made yourself an outsider to the larger social group. There's a social price to expertise.

I still get calls or texts from family members when they see the s&p down 2% or the dow down a ton... when in reality I make most of my money on those momentum plays...... some people will never get it

-P

"Truth is not what you want it to be; it is what it is, and you must bend to its power or live a lie"-Miyamoto Musashi
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