I Still Don't Get It

[lrushing]

Every once in a while, I’ll be in conversations with people who are talking about something then ask me if I understand what they just said. Sometimes I say yes, sometimes no, and sometimes yes when I actually don’t. If it’s the latter and then they continue, I get totally lost and have to admit that I have to back up and fess up that I didn’t get it. Not only am I a bit embarrassed, but I’m sure the individuals are having second thoughts about my ability to carry on a conversation.

There is so much information when it comes to trading, that I don’t think there is any trader out there who knows everything about trading. They may have some expertise in reading gap plays or momentum trading, but have a weakness with setting stop losses. The point is there are no dumb questions when it comes to trading. If you still don’t get it, even after you’ve purchased numerous articles and books on the subject, attended too many seminars to remember, and sat in a gazillion trading rooms, ask again and again until you find someone or something that answers your questions. That’s the only way you are going to ever get it. That’s the only way you are going to move forward.

[bakrob99]

When I first (re) started trading a couple of years ago ... I was surpsied at ALL the information compared to my last trading ventures in the mid and late 80's.

For me - success only became possible by specializing and learning one market very well... I gave up Forex, Swing Trading and concentrated on developing a winning strategy for the YM/ES.

My suggestion for any newbie: conentrate all your resources and learing efforts on one trade market and only 1 ro 2 setups. Once you can trade them consistently - you can add more variety.

[walterw]

yes, its amazing sometimes I feel like a little child that still is learning to sum... there are things that take a life time to really grasp what is behind it... and even simple things... nice comentary Irushing.


Rob : yes, one setup, get good at it and make your good bucks... cheers Walter.

[TheBramble]

It sometimes helps, helps a lot actually, to pretend you don't know when you think you do. When you think you know something, you're not in the best state to learn anything new about that 'thing'.

So assuming you don't know everything about anything is a pretty useful MO in my view. It also builds real humility rather than false humility.

You never get to stop starting to learn.

[BlowFish]

There is another alternative and that is that it just might not be true or the point that the person is trying to get across is just too vague or poorly defined to start with. I think some traders process market information subconciously and honestly dont know exactly how they are doing it.

Cheers.

[walterw]

	Quote:	BlowFish
	There is another alternative and that is that it just might not be true or the point that the person is trying to get across is just too vague or poorly defined to start with. I think some traders process market information subconciously and honestly dont know exactly how they are doing it. Cheers.

Correct Blow, thats why you need to learn how your mind process work and try to idntify what you are doing... so you can understand and normalize your mechanism... from my stand point of view it is a great procedure to success...

[BigWallStreet]

Agreed, you gotta keep it simple...but that's the complicated part

Let's face it, all these systems posted on these messageboards are JUNK.

You gotta EARN your success in the marketplace, and that could take you YEARS.

Or, you can steal ideas from a Wall Street millionaire and make your own money,

I chose the latter haha,

Took me about 7 years to learn, lots of hard knocks but you can do it,

Email me if you want some help, I actually have a heart for newbies and can give you some tips,


Later >

BigWallStreet

[waveslider]

Someone boot this guy.

[TinGull]

	Quote:	BigWallStreet
	Agreed, you gotta keep it simple...but that's the complicated part Let's face it, all these systems posted on these messageboards are JUNK. You gotta EARN your success in the marketplace, and that could take you YEARS. Or, you can steal ideas from a Wall Street millionaire and make your own money, I chose the latter haha, Took me about 7 years to learn, lots of hard knocks but you can do it, Email me if you want some help, I actually have a heart for newbies and can give you some tips, NYCHotshot@gmail.com Later > BigWallStreet

BigWallStreet,

Do us a favor and post your "tips" on the board here for the rest of us to ponder. We've all done the same, and you've now called all of our systems "junk" (thanks by the way...great way to introduce yourself on a new message board). I'd really love to know what you've got up your sleeve. Since you say you "stole" yours, should be public knowledge anyhow. So please, do us a favor and share it, or stop posting this kind of nonsense on these boards.

[brownsfan019]

	Quote:	waveslider
	Someone boot this guy.

Agreed.

3 posts and all 3 a waste of space. Since everything here is 'junk' I suggest Mr. BigStreet take his precious comments elsewhere. I suggest www.elitetrader.com - your ego and useless posts will fit in well there.