joetroscoe
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Why not, is he afraid to lose ?
Actually he does show a trader everything except picking the asset for you.
Why not, is he afraid to lose ?
You lost me. I was not being defensive. I was simply stating that making a call on a trade shows nothing. It is one trade. Now if I gave you a years worth of calls you might have a large enough data set to infer something.
The Institute does not take broker kickbacks, and there is no such thing as an edge. Markets in stocks are no different than any other market.
Actually he does show a trader everything except picking the asset for you.
To save himself getting the blame when it goes wrong. Again an indication of low probability of getting it right.
Actually he does show a trader everything except picking the asset for you.
The secret of successful trading is knowing my asset , I only trade 2 assets.Not knowing what you are dealing in , is the dumbest thing for a new trader to do.I deal in scrap metal , so I know about my product.
Well, call outs served me well over the years in quickly making an assessment about someone's status in trading ability/knowledge. So no amount of convincing will change my mind.
A call out not only shows whether someone is capable of making a winner, it also shows if he knows what he's doing when the market quickly goes against him. A call out is not about winning, but about whether he knows what he's doing.
People who don't like call outs would have very low win rates. That is revealing information. So I know your rate is below 50% for instance, with reasonable confidence, before you stated to aspire for 50-55%. There's nothing wrong with 50% or below. But it tells me where you stand.
If your course tells you there is no edge, then how do you make a profit ? I know for a fact there is edge because I hold one in my hands. Part of my edge pays me 365 days a year. The staff here have ceased banning me for saying something so outrageous. There, even they believe it.
a universe of 40,000 instruments from which to trade. Makes life a lot easier.
the course was completed in five days because I knew about half of the material.
Trading is not that hard.
To save himself getting the blame when it goes wrong. Again an indication of low probability of getting it right.
Not really. Life becomes a lot harder. Small markets can be mispriced indefinitely. Larger markets are under greater participation and scrutiny, and more susceptible to arbitrage. Therefore misprice in a large market cannot continue for long.
It's a lot safer trading large markets. The risk in a small market is that they can sell you assets, and then depress the price indefinitely. You will then be locked in for life and your money wastes away doing nothing useful.
I fail to understand where you drew that the Institute advocates small markets. In fact, most of your portfolio should be made up of large and mega caps for just the reasons you cited. That was one thing I changed. I was a CANSLIM guy before that.
Actually, he does tell of some trades that he has done, but even so, the sample size is too small, and we are in a late stage bull market. Dart throwing will make you money.
5 days to complete training for a pro trader. That says it all really. I am quite sure Anton spent a great deal more than that when he was a trainee.
Hard enough to prevent call outs.
40k universe that you mentioned is full of midget markets but a handful.
Hindsight results after the trade?
Remember, the next MSFT and AAPL is a small cap stock today.
Obviously they want you to do it over a month.
These people are jokers. Go ask Anton how many years he was a trainee for.