What the 1% who takes all the money knows that you dont

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nero1

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I have started searching for information about foreign stocks and i discovered this site,english is not my mother language so i will make some mistakes,i have seen many muths in forums,and this one,so i wanted to say some things to new and medium traders, about the stock markets.
Maybe what i say will be a reason to stop trading (if you are smart) or try harder.
i dont like to write monologues so you can ask me what you want,i am not your teacher to answer guestions,but i dont like to write monologues either.
 
First of all i would like to comment about elliot waves,elliot waves is a hoax,nobody really uses it except for the small traders,institutional and big traders never use them,elliot waves is one of the best ways to keep you occupied,and take your money
 
Something else i have read in this forum is that indicators are lagging,and you should use only price action,i must say that whoever have said that is never going to reach the 1% of the trading top trader,ellite and hedge fund traders use indicators plus price action,maybe some of you are consistent only with price action but the reality is if you have never used indicators you will never be at the top 1%.
I know that some of your ''gurus'' tell you that price action byitself is enough,but you have to know a proper knowledge on using indicators
 
Stop using patterns to trade,like triangles,h & shoulders,diamonds,or whatever,they are useful and everybody use them,but trading patterns alone will not make you succesful in the long run,this advice is one of the biggest secrets of the best.The smart money uses patterns only in 20% in trading,thats why you are guided to work with patterns,so that the smart money can take your money more easily...
 
Do you think that an individual trader can make money using the same strategies as those trading in hedge funds ? Most successful individual traders I know of couldn't be successful doing the same as hedge fund managers and have opted to use a different approach but I am interested to hear your comments.
 
nero1 said:
Something else i have read in this forum is that indicators are lagging,and you should use only price action,i must say that whoever have said that is never going to reach the 1% of the trading top trader,ellite and hedge fund traders use indicators plus price action,maybe some of you are consistent only with price action but the reality is if you have never used indicators you will never be at the top 1%.
I know that some of your ''gurus'' tell you that price action byitself is enough,but you have to know a proper knowledge on using indicators
Click to expand...

Which indicators should we be using if we want to be in the top 1% ?
 
Trader333 said:
Do you think that an individual trader can make money using the same strategies as those trading in hedge funds ? Most successful individual traders I know of couldn't be successful doing the same as hedge fund managers and have opted to use a different approach but I am interested to hear your comments.
Click to expand...
First of all a hedge fund trader,may not be in the ellite 1%,ellits have a secret code in trading so if you know people that traded strategies of hedge fund managers unsuccesfully,this may mean that these hedge fund managers are not in the 1%
But i actually dont believe that someone will give these information publicly,publicly they will give some idiot strategies who may be succesfull of course,but they will be one of the hundrend things they know.
 
If that is true then can you explain why hedge funds cannot consistently out perform the index if they have a secret method ?
 
cbrads said:
Which indicators should we be using if we want to be in the top 1% ?
Click to expand...
Of course not rsi and magd :),i am laughing every time i see ''gurus'' with these charts,i am saying to myself not again rsi and magd :),of course i use rsi for divergences but i can use other 10 indicators for that,the smart money uses many things,they are endless,everything has its statistics,they use systems.
When a '' guru'' says indicators are pointless when there are billion traded with a signal of a system based on ndicators,that sentence make me laugh
 
sminicooper said:
Hi nero1,

How do you know all this about the secretive 1%? Are you a member?
Click to expand...
Of course not,if was a member would i say all of these,i was a trader for some years just like you trading in these b..**** that you learn in books or seminars ,and some day i said,thats enough,and i started researching and i learnt all of these by myself,you can say im selfeducated
 
nero1 said:
Of course not rsi and magd :),i am laughing every time i see ''gurus'' with these charts,i am saying to myself not again rsi and magd :),of course i use rsi for divergences but i can use other 10 indicators for that,the smart money uses many things,they are endless,everything has its statistics,they use systems.
When a '' guru'' says indicators are pointless when there are billion traded with a signal of a system based on ndicators,that sentence make me laugh
Click to expand...

Ok so we've ruled out RSI and the good old MAGD. Are there any more you'd like to rule out before you tell us which ones will elevate us to the elite 1%
 
So going back to your initial post title: "What the 1% who takes all the money knows that you don't"

Can we cut to the chase and reveal what it is that they know that we don't?
 
Trader333 said:
If that is true then can you explain why hedge funds cannot consistently out perform the index if they have a secret method ?
Click to expand...
I believe that all hedge fund managers dont know what i know about markets,except if these things are taught to them some way.I imagine that top class traders in goldman suchs are taught what i know, maybe even prop traders.

Even if you know what top class traders look to trade,this will not surely make you succesfull in stock markets.As people say here nothing works for ever,you should know price action very well how to cut losses,money management,etc.
Some of the things they use although very profitable if you use them like its 100% certain, you will blow your account becouse you will not place a stop

Of course dont forget that trading so much money is very difficult
 
sminicooper said:
So going back to your initial post title: "What the 1% who takes all the money knows that you don't"

Can we cut to the chase and reveal what it is that they know that we don't?
Click to expand...
Do you actually believe that someone who have lost 6 years of his life researching all these stuff will give it publicly in a forum.
To be clear i am not selling anything either,i believe that 70% of what i know will be useless to most of you,if a system which gave the signal for the rise in 2009,will give another signal in 20 years and probably is not succesfull,i dont really know what will interest you.
If i have managed to find something,that means that all of you can,you just have to choose the hard way just like i did,95% of what i know is in front of you but are distracted with all guru staff from books and you cant see it.
All the things elite uses are simple,and nothing of these is certain to make you a succesfull trader
 
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nero1 said:
Do you actually believe that someone who have lost 6 years of his life researching all these stuff will give it publicly in a forum.
To be clear i am not selling anything either,i believe that 70% of what i know will be useless to most of you,if a system which gave the signal for the rise in 2009,will give another signal in 20 years and probably is not succesfull,i dont really know what will interest you.
If i have managed to find something,that means that all of you can,you just have to choose the hard way just like i did,95% of what i know is in front of you but are distracted with all guru staff from books and you cant see it.
All the things elite uses are simple,and nothing of these is certain to make you a succesfull trader
Click to expand...

Why did you start this thread then, what point are you trying to make?
 
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