[HAL9000]

Originally Posted by MightyMouse »

You can add when you are properly capitalized to that list.

LOL

Respect is earned, not given!

Hal

P.S.: What do you know about me?


BEDTIME!

[MightyMouse]

Originally Posted by thalestrader »

Richard Dennis once said that he could publish his trading system in the Wall Street Journal, and it would not attract enough adherents who applied it properly and consistently enought to change its effectivenes.

I think he is absolutely correct.



There is not a winner for every loser.

For every winner there are many losers! And there are more than enough losers (witness Mightymouse and his many daytrading friends) to fund the few who win consistently.

The only enemy you need to conquer is within your own soul.

I was helped by a few folks, and none of them have suffered for it.

I like to think that I have helped a few folks in turn as well. I have not suffered any ill as a consequence.

Best Wishes,

Thales

Cute dig! I am assuming you are having fun.

[thalestrader]

Originally Posted by MightyMouse »

Personally, I am currently down slightly for the year. I guess I am the loser here at 39% win/loss including commissions. Their win/loss is similar to mine, but they tend to ride a winner better than I can which makes a huge difference.

39% win loss can be a huge winner with proper position sizing and a favorable risk/reward profile (which, as you note, requires letting your winners run).

Yes, that makes a huge difference. It makes, in the end, all the difference.

It all goes back to the notion that we aren't beat by the market, we beat ourselves.

And yes, I know there are those soliciting here at TL. But I am not aware of such being the case among any of the very few who regularly post to this thread.

Lastly, most day traders whom I know who are survivors are profitable, and they are profitable day after day, with few losing days, rarely a down week, and hardly ever a negative month. It is August. Frankly, if I were down for the year at this point, I'd be out of a job.

Best Wishes,

Thales

[thalestrader]

Originally Posted by MightyMouse »

Cute dig! I am assuming you are having fun.

I'm having a blast ... and you? Smile when you've had enough!

[AbeSmith]

Thales, the end of the day, traders are predators. The food that is on the table is not vegetarian. You make it sound like we are living in a fairy tale world where we can help eachother out, if only we can get in touch with our inner self. You don't seem to understand, or are suppressing the fact, that we are helping eachother in hurting eachother, starting with the weak. It is counterproductive to a trader's profession to share their trade secret with other traders. Unless the traders are part of a team that shares profit. In trading forums, people are not in a profit sharing team. They are, by the nature of the game, enemies. Though lots of them seem to share their knowledge, or some knowledge, because human nature is social.

[thalestrader]

Originally Posted by AbeSmith »

Thales, the end of the day, traders are predators. The food that is on the table is not vegetarian. You make it sound like we are living in a fairy tale world where we can help eachother out, if only we can get in touch with our inner self. You don't seem to understand, or are suppressing the fact, that we are helping eachother in hurting eachother, starting with the weak.

I do think that the phrase "get in touch with our iner self" certainly misses the mark of what I mean when I say that what a trader needs to succeed is self-control.

You and I each have a different self-understanding and a different understanding of this activity called trading. You see trading as a war, I see it as a game.

You see other traders as enemies trying to pick your pocket while you are simulataneously trying to pick theirs.

I, on the other hand, see other traders as I see others gamblers betting on the exacta in the fifth at Aquaduct or Belmont - not as enemies, but as fellow contestants. We all contribute to the pot. Most will lose, and a few winners will split the pot. Those winners did nothing to victimize those losers. If I teach a few others to handicap the ponies as I do, have I harmed myself? No. Have those who would have bet and lost anyway be suufer any additional harm beyond what they's have lost whether I or my friends bet or not? No.

It is a game, not a war.

Play games, not war.

[HAL9000]

Originally Posted by AbeSmith »

Thales, the end of the day, traders are predators. The food that is on the table is not vegetarian. You make it sound like we are living in a fairy tale world where we can help eachother out, if only we can get in touch with our inner self. You don't seem to understand, or are suppressing the fact, that we are helping eachother in hurting eachother, starting with the weak. It is counterproductive to a trader's profession to share their trade secret with other traders. Unless the traders are part of a team that shares profit. In trading forums, people are not in a profit sharing team. They are, by the nature of the game, enemies. Though lots of them seem to share their knowledge, or some knowledge, because human nature is social.

Abe,

this will be really my last post tonight,
but Thales is the wrong one to address, he has helped me, even if my P/L
doesn't show it yet. Well, I understand you, its not about helping, its about profit, and the more is lost, the more is won.

The banks/brokers will always win on commissions,
but also just as food for thought,
the market will move up and down, and even if it moves sideways,
its up and down, so its somehow 50/50 without commissions.

But to make a profit or loss it has to move!

Whenever it moves, there will be winners and losers.

And now everyone has the choice to be honest, or ...

But whatever this choice will be,
the markets will move once more.

So its not about this, its just about, when I wake up tomorrow,
I can still look into my mirror.

Social, yes.

If we would be all asocial, would it be worth to stay on this world.

I got help from people in my life, which owned much less then me.
So ... they earned my respect!

Regards,

Hal

P.S.: And now its really bedtime! At least for me!

[Soultrader]

Moderated Message:

Hello, Ive received some reports about this thread and glanced at a few posts to realize some members are having issues with the moderation. In order for mods to be aware of the issue, members must use the report post button. This is because mods and myself can not possibly read through every single post on TL. (at least I used to when it was possible but unfortunately the site has gotten too big for this) All reported posts are handled in the appropriate manner and has been working perfectly so far. Brownsfan, do you not have moderating privileges on this forum? Thanks!