[TheRumpledOne]

Don't let the rat beat you.

"Unless you experience the unpleasant symptoms of being wrong, your brain will never revise its models. Before your neurons can succeed, they must repeatedly fail. There are no shortcuts for this painstaking process."

Pg 54 - HOW WE DECIDE


"Look, for example, at this elegant little experiment. A rat was put in a T-shaped maze with a few morsels of food placed on either the far right or left side of the enclosure. The placement of the food is randomly determined, but the dice is rigged: over the long run, the food was placed on the left side sixty per cent of the time. How did the rat respond? It quickly realized that the left side was more rewarding. As a result, it always went to the left, which resulted in a sixty percent success rate. The rat didn't strive for perfection. It didn't search for a Unified Theory of the T-shaped maze, or try to decipher the disorder. Instead, it accepted the inherent uncertainty of the reward and learned to settle for the best possible alternative.

The experiment was then repeated with Yale undergraduates. Unlike the rat, their swollen brains stubbornly searched for the elusive pattern that determined the placement of the reward. They made predictions and then tried to learn from their prediction errors. The problem was that there was nothing to predict: the randomness was real. Because the students refused to settle for a 60 percent success rate, they ended up with a 52 percent success rate. Although most of the students were convinced they were making progress towards identifying the underlying algorithm, they were actually being outsmarted by a rat."

Pg 64 - HOW WE DECIDE


"Think about the stock market, which is a classic example of a "random walk," since the past movement of any particular stock cannot be used to predict its future movement. The inherent randomness of the market was first proposed by the economist Eugene Fama, in the early 1960's. Fama looked at decades of stock market data in order to prove that no amount of knowledge or rational analysis could help you figure out what would happen next. All of the esoteric tools used by investors to make sense of the market were pure nonsense. Wall Street was like a slot machine."

Pg 67 - HOW WE DECIDE


TRADING IS SIMPLE:

* Price either goes up or down.
* No one knows what will happen next.
* Keep losses small and let winners run.
* POSITION SIZE = RISK / STOP LOSS
* The reason you entered has no bearing on the outcome of your trade.
* You can control the size of your loss (skill) but you can't control the size of your win (luck).
* You need to know when to pick up your chips and cash them in.

[TheRumpledOne]

Originally Posted by Tams »

but you have the time to plaster the charts everywhere! LOL

other than a "bait" (AKA SPAM), I don't see your charts as any value, substance, or contributions to this community.



.

Each trader is entitled to their opinion. If you do not think my charts have any value, you are more than welcome to be the counter party on any of my future trades.

[TheRumpledOne]

Originally Posted by Tams »

I have no problem with people making a passive or active income with their codes.
However I do not enjoy coming to a forum that is plastered with his enticing charts, but with little or no accompanying contribution/value to the community.

When people ask for the code, the only answer he gives is "go google for it".
i.e. I won't post my code here. Come over to my site(trap) so that I can fleece you.

Just my 2 cents...

Have you ever visited "my site"? Can you back up your claim that I "fleece" people? Do you have evidence that I have ever "fleeced" someone? I have been posting FREE indicators for years. How can someone get "fleeced" if what they receive is free?

I post my code in one location so I don't have a maintenance nightmare. If you do not like what I do, that is your business. But please cease and desist with your libelous posts.

[rigel]

Insightful post on rat experiment, wish we could be like that in trading

However that is what Mark Douglas teaching is all about- embracing probabilities

[TheRumpledOne]

Originally Posted by rigel »

Insightful post on rat experiment, wish we could be like that in trading

However that is what Mark Douglas teaching is all about- embracing probabilities

You can be like that in trading... always turn left!

[TheRumpledOne]

Drain The Banks is still draining the banks.

[AWOL]

I'll give you credit Rumpled One you are persistent,i dont think i have came across a forum or blog that you have not managed to invade, it is people like yourself who just go to prove how hard trading really is, cmon rumpled one you make more money from your indicators than your trading.

10/10 for marketing...

Don't get me wrong Rumpled one i respect you and your work for what it is.

[ekshay]

Originally Posted by AWOL »

I'll give you credit Rumpled One you are persistent,i dont think i have came across a forum or blog that you have not managed to invade...

I am actually very grateful that TRO cares enough to "invade" every forum that he can.

When I started learning how to trade, everywhere I went, everyone kept telling me the same stuff... Classical Chart Analysis. (Support/Resistance, Trendlines, Candlesticks, TONs of Oscillators, etc.)

All of that does work, but that was not all the possible ways to approach the market. And it may or may not be good for someone's individual mindset.

At TradersLaboratory, I found sensible discussions on Market Profile.
At TradersLaboratory, I found sensible discussions on Volume Spread Analysis.

Linuxtroll was the only one I found who cared about proper application of Multiple Moving Averages.
TheRumpledOne was the only one I found who talked about properly scalping Psychological Price-Points (Horizontal Lines, Fib Levels, Major High/Lows, etc.)
Both of these men were helping people for several years for free.

I am yet to stumble upon a forum/thread that can truly teach a newbie to trade with DOM Ladders.
I am yet to stumble upon a forum/thread that can truly teach a newbie to understand & swing-trade news reports.
I am yet to stumble upon a forum/thread that can truly teach a newbie to trade using Pit-Noise.
As of yet, I have also not found any great community for Binary Betting, Renko and Point-&-Figure charting, etc.

There are many ways to trading success, and a whole lot are not covered.

-----

Linuxtroll had to make some indicators and start conducting workshops, because MMA trading needs a certain 'intuition' to be built, for which mentoring can help shave several months of efforts & losses off for a trader.

Almost ALL of TheRumpledOne's indicators were designed to save time, like not needing to look at 30 charts if you trade 10 pairs and refer to 3 timeframes... or like providing entry/exit numbers clearly on screen so that you dont have to take your mouse to the candle and read the high, pivot point, etc. when punching in your orders. And this is for Free.

LT and TRO are both scalpers. Both recommend & use MB Trading. No one is forced to use MBT/EFX. No one is forced to select anyone as an IB if they don't choose so. No one can be forced to pay a donation. (I haven't either.)

If you are a classical chartist, and thanks to TradersLaboratory, you have discovered VSA, MarketProfile, etc. ... And if those have helped you or someone you know ...
Then may I suggest that there are other ways to trade, that are helping someone you may not know. And if you cannot support the ones who care to teach, you'll be better off ignoring them, then bad-mouthing them.

Instead of bashing TRO, I'd rather like to see someone start a thread, where they simply trade "Price Action as it passes pre-chosen Price Points".
I believe the day we have many traders trading and discussing such systems, TRO might not need to invade forums anymore.

Thanks for reading.