Charting Analysis (Paralysis!)

[Blondie]

Books : viewtopic.php?t=78

Thanks, some good looking books there. ordering a couple now.

Also viewtopic.php?p=139203

Thats very interesting. Mostly how the top and bottom are the most common answers. Quite funny that! I am guessing the top bar is people who had some kind of 'system' or automated approach for a tiny but consistent edge. I am also guessing the 10,000+ people are manual pre off traders mostly.

fyi the "i'd think twice about helping people" stuff won't endear you with the sort of people who are likely to be the helpful.

I think thats a bit unfair. But i may have given wrong impression slightly. I did not say 'nobody wants to help cos they are guarding their secrets'. If it sounded like that i apologise. its not what i meant at all.

That said I do stand by my view that human nature dictates people generally don't throw out their hard got knowledge for any tom dick or harry to shortcut their path to success in a zero sum game. Meaning giving that info out could kill their own earned success. It would be naive or dishonest to pretend otherwise. Self preservation is not selfish. it's wise. its essential. its why people lock their front door when they leave the house. it doesn't mean they are not generous people just because they are careful about what they share and who with.

So I was just trying to say I am not asking for (or expecting) people to hand me an edge they spent years developing and now are reaping well deserved rewards from. I dont think thats unreasonable or a reason for people to not 'endear' themselves to me. Its an acknowledgement of human nature, nothing more nothing less. Its definitely not a judgemental comment.

And when I said "i'd think twice about helping people" - I didn't say 'I wouldn't help anyone'. I just said I would think or consider what I was doing beforehand. If there is anyone here who has mastered the markets and doesn't 'think twice' before laying out their strategy on a public forum for the world to see forever, I'll eat my hat.

no offence intended. And I can see how helpful people are in here, its why I am here. My comments above dont contradict that at all.

[Kai]

And literally thousands of threads full of people giving their time and knowledge generously, search for 'newbie'.

Can't speak for others but posting a lot of advice and engaging in trading discussions has definitely helped me quantify stuff better as well

[ShaunWhite]

That said I do stand by my view that human nature dictates people generally don't throw out their hard got knowledge for any tom dick or harry to shortcut their path to success in a zero sum game.

You're points are understood, but I think in time you might change your perspective....

Couple of points to consider and I'm not being spikey...
1.Nothing anyone can say or do will turn someone into a trader if they didn't already have the capacity to be one, you'll just hassen it.

2.There's such a huge range of methods, execution, sports and times to bet that the chance they'll impact you personally are infinitesimmaly small.

3.Explaining makes you question your own approach/assumptions.

4, 5, 6 & 7 I can't speak for anyone else but I help people because I want them to be winners, every winner spreads the word that this is acheivable. 1 in 20 of those they tell will be profitable and 19 lose and feed the ecosystem. I want a bigger exchange not a smaller one. I'm happy if one more mouth gets fed because knowing the success:failure ratio that means there'll be 19 new people to fed us all. Maybe not a precise statistical analysis but that's the bottom line numbers. Without winners why would people use it?

I felt it needed a decent explaination. I hope you get it and I apologise if I was a bit abrupt. I just want you to realise the advice you get is good advice that you need to hear, even if it's just fuck off and play with the ladder until you realise you haven't blinked all afternoon.

[Blondie]

That said I do stand by my view that human nature dictates people generally don't throw out their hard got knowledge for any tom dick or harry to shortcut their path to success in a zero sum game.

You're points are understood, but I think in time you might change your perspective....

Couple of points to consider and I'm not being spikey...
1.Nothing anyone can say or do will turn someone into a trader if they didn't already have the capacity to be one, you'll just hassen it.

2.There's such a huge range of methods, execution, sports and times to bet that the chance they'll impact you personally are infinitesimmaly small.

3.Explaining makes you question your own approach/assumptions.

4, 5, 6 & 7 I can't speak for anyone else but I help people because I want them to be winners, every winner spreads the word that this is acheivable. 1 in 20 of those they tell will be profitable and 19 lose and feed the ecosystem. I want a bigger exchange not a smaller one. I'm happy if one more mouth gets fed because knowing the success:failure ratio that means there'll be 19 new people to fed us all. Maybe not a precise statistical analysis but that's the bottom line numbers. Without winners why would people use it?

I felt it needed a decent explaination. I hope you get it and I apologise if I was a bit abrupt. I just want you to realise the advice you get is good advice that you need to hear, even if it's just fuck off and play with the ladder until you realise you haven't blinked all afternoon.

I liked the last part

We are on the same wave length even if you didnt/dont think so.
And no you werent abrupt at all. I just wanted to make sure i didnt give the wrong impression

"Nothing anyone can say or do will turn someone into a trader" - Agreed. 90% of any trading is in the mind and I don't mean knowledge. Give 100 people a strategy proven to be profitable and I bet at least 50 will fail with it. A good trader can succeed with a very average approach, a non trader cant succeed with a golden strategy. I am focussing more on the mind stuff right now really as i do see markets I feel confident about and usually get the move right in those ones. Its the other 27,863 markets i trade in between them thats killing me

[ShaunWhite]

90% of any trading is in the mind and I don't mean knowledge.

Maybe when you're starting, but once you know what you're doing then that diminishes greatly. Triggers like losing and winning aren't a big deal when you know what the month end numbers usually look like.

You get an edge through knowledge and experience, if it's good enough and you're fully confident in it you won't need much mind.