One of the top turtle trader Curtis Faith writes as below.
// I won’t go into specifics here, but those of us who actually trade for a living know the names of many “famous traders” who are famous as “traders” but that don’t make money as traders. They make money selling new trading systems, seminars, home study courses, etc. Most of these so called “experts” can’t trade and don’t trade the systems they sell //
Very true!. I believe in this statement as it's a common sense.
Person who is proved right in trading will never try his hand in any other mode of income.He will desparetely pump all the available capital into his trading pool and always wish to grow big. If he starts seeing some money using his own trading strategy, he will devote all his time only in improvising his trading method and he can't even think of any other activities to earn money. Trading is such kind of game which occupies your mind completely and not allow you to peek around.
Only when a trader gets frustrated by series of loss or not able to cope up with discipline to follow his own system, he looks for other derivatives of trading business to make money. It'll mostly work well for him.I can spot the trend and reversals exactly when am not in trading but i'll miss them if i am involved in trading.
So, absolutely there is no point in looking for free trading calls, following other's trading system or listening to trading strategists in media. Only way to excel is, listen and study everything whichever comes in your way for the sake of knowledge. Never follow anything blindly. Apply your mind over everything and try to build something on your own.
I always feel that one should create his own trading system or methodology. He can learn a lot in the process of discovering something on his own. Best phase in any trader's life is this R&D phase. Experience which he gains from this R&D phase is much more superior than any trading book written so far. None of the trading expert or book can teach him well than the own experience.
Newbies should always know this logic behind "experts" and "own study" well before losing their hard earned money.
// I won’t go into specifics here, but those of us who actually trade for a living know the names of many “famous traders” who are famous as “traders” but that don’t make money as traders. They make money selling new trading systems, seminars, home study courses, etc. Most of these so called “experts” can’t trade and don’t trade the systems they sell //
Very true!. I believe in this statement as it's a common sense.
Person who is proved right in trading will never try his hand in any other mode of income.He will desparetely pump all the available capital into his trading pool and always wish to grow big. If he starts seeing some money using his own trading strategy, he will devote all his time only in improvising his trading method and he can't even think of any other activities to earn money. Trading is such kind of game which occupies your mind completely and not allow you to peek around.
Only when a trader gets frustrated by series of loss or not able to cope up with discipline to follow his own system, he looks for other derivatives of trading business to make money. It'll mostly work well for him.I can spot the trend and reversals exactly when am not in trading but i'll miss them if i am involved in trading.
So, absolutely there is no point in looking for free trading calls, following other's trading system or listening to trading strategists in media. Only way to excel is, listen and study everything whichever comes in your way for the sake of knowledge. Never follow anything blindly. Apply your mind over everything and try to build something on your own.
I always feel that one should create his own trading system or methodology. He can learn a lot in the process of discovering something on his own. Best phase in any trader's life is this R&D phase. Experience which he gains from this R&D phase is much more superior than any trading book written so far. None of the trading expert or book can teach him well than the own experience.
Newbies should always know this logic behind "experts" and "own study" well before losing their hard earned money.
12 comments:
assortz,
very true ...
this is why freeloaders want blind believers ...
this reminds me of another similar stuff.
Someone asked another
"Master, How to make a million dollar ?"
Master answers
"Write a book on How to Make a Million,
give it all the hype and
Sell it.
The gullible buyers will make your million"
:)
have a good season!
regards
moh
very interesting post az. and wisdom oozes frm it. its difficult
to believe the difference in az now
and maybe 12-15 months ago.
Hi Moh,
That was good one :)
It’s true that making million is easy when the money is from other’s pocket.
Hi PS,
may be am getting older hence some more maturity :)..thanks!
may be am getting older hence some more maturity :)--
we all r getting older. if i wud have heard this from u after a gap of 10-15 years i wud have accepted the argument. :-)
but there is unbelievable transformation ..
சீட்டு விளையாட்டில் கட்டுக்கு 52 சீட்டு மட்டும் இருக்கும் அதில் நாம் 3 கட்டில் விளையாடினாலும் மொத்தம் 156+6=162 சீட்டில் தான் விளையாடுவோம் ஆனால் பாங்குசந்தையில் உள்ள சீட்டுக்கள் பல கோடி நீங்கள் பார்த்து விளையாடுவதோ 5 விலை மட்டும் எனவே இது சூதாட்டத்தைவிட மிக பயங்கரமான சூதாட்டம்
Ayya Anon,
5 vilai mattum yanral puriyavillai.
Yedai solgirirgal?
Nantri.
Dear AssortZ
kindly update Crude and Silver SAR
REGULARLY. till i find mine please
for my study
regards
ISTHAMUS
Hi Isthamus,
Will try my best.
Crude - you can trade it now as a sharp and swift trend is around the corner.
Silver - Please stay away for time being as it is trading between a very tight range making quite a few whipsaw trades.
THAN YOU so much
regards
ISTHAMUS
hi assortz,
i know you are very busy.
one suggestion for updating SAR as isthamus asked is to
post a comment giving the SAR number in your top most post.
just a suggestion, but you know the best.
regards
moh
sure moh, it can be done.. i can do it from mobile whenever i can't open site and update SAR..thanks :)
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