Financial markets have a tendency to exhibit fat tails and other odd statistical distributions that make them difficult to analyze. Such distributions fool the tools that we are taught in school such as root-mean-square. One of the biggest problems this causes is with sample size. The more fat tailed your distribution is the more samples you'll need to see the real statistical properties of the distribution. To deal with such distributions it requires tons of samples, and graduate level statistics.

Humans are not very good at comprehending large numbers, and the math in high school never gets advanced enough to deal with these problems. I can't quantify exactly how many people understand this stuff, but there's not very many masters level math graduates out there. Of course, retail trades can learn this on their own by reading Taleb etc, but comments suggests the majority of participants haven't done that. Posters continue to rave about a few months of results they saw on YouTube even after we've established in the very thread that it requires tens of thousands of samples to get useful statistics.

But what we're getting at now is how do you deal with the problem, and I'm finding the turnover to be a key issue. It doesn't matter how effective you get at teaching it, the turnover in the space means the majority of the community will always be ignorant of these concepts.

Now that might not sound very compassionate or understanding. That's certainly what I thought when I first heard these things. I didn't want to accept it, and my first thought was they must just be projecting. All I can do is laugh about it because I had the exact same reactions. But there's no way I would have lasted this long otherwise. I'm not here to make you feel good. I'm here to give you the best chance. The first step of that is understanding reality as it really is despite what we'd rather believe.

The first step of that is understanding reality as it really is despite what we'd rather believe.

@goodoboy, I had a chuckle, though I am not sure everyone gets the sarcasm.

Good Morning vmodus,

What is so funny buddy?

I am a making alot of money trading the ES futures market scalping everyday. I trade about 50 ES contracts per trade, the past 3 years. I am making about $5000 per day.

Would you like to sign up for my trading course and I teach you as well?

You can sign up and pay me $2000 and I will teach you how to make money trading and scalping ES everyday.

Thank you,

You wouldn't be willing to donate just 2 ticks to help out a poor unfortunate beginner?

Good Morning chipwitch,

Yes I can donate 2 ticks to you. Even better, I can donate my entire trading ES scalping course showing you how to make $5000 per day. No need to suffer as a beginner, just buy my trading course for $2000, I have you making money daily in about 2 months.

Thank you

Check's in the mail

Now, consider the possibility that the reality is that people are actually smarter than you, despite what you'd rather believe. See if that doesn't effect your compassion a little more. Whether they are smarter than you or not is irrelevant. We are all able to learn something from others, even if it is the shill on youtube.

If people are so smart then let them talk about proven market behaviors that are backed up with empirical research.

Hello Everyone,

I just want to say this.

I am the best scalping day trader alive and make alot of money. If anyone wants to learn hit me up.

Please do not ask me for proof of making money because I do not have any proof. However, it felt really good saying that to see how it feels making such lying statements on forum.

Seriously, if I was making money scalping about 50 ES contract a day. I would not waste time typing this message. And damn sure would not waste time teaching other traders.

Thank you,

@goodoboy, I had a chuckle, though I am not sure everyone gets the sarcasm.

@goodoboy, I agree with @vmodus. I got the joke and I thought it was funny, and you are making a good point in your last sentence. Your follow-up posts are funny too.

Some may not have gotten it though. Those who know you know that you are kidding... I just wanted to say that, for anyone who took it seriously. Sometimes we may not see how others take the things we say.

Bob.