People make me laugh

[Rooster34]

That's a bit like saying - going out without an umbrella is gambling unless you are a weatherman...

lmao!

 

[gooseman]

The best traders are morons not economists or some some learned paralysed analysts using lagging /mistimed economic knowledge.The best traders are dumb , I mean dumb idiots , not not fooking ***** at Goldman robbing grandma's pension with fraud, they are trend followers using quick exits and entries .

you really do come across as a numtpie sometimes.

trend followers using quick entries and exits. are you taking the p1ss? never heard such drivel.

 

[oildaytrader]

you really do come across as a numtpie sometimes.

trend followers using quick entries and exits. are you taking the p1ss? never heard such drivel.

Trend following intra day can be done by skilled traders for far much greater profits, who buy at bottom of trend channels and sell and at the top of channels, and if trading down channels selling at top of channels and buying at bottom of channels.This way is far more profitable than entering at beginning of trends and closing at end of trends on longer time frames.

There are traders trading 1 min time time frames along the the major trend channels.
Whats numpty about that?

 

[Black Swan]

sometimes.

Explain...?

 

[DionysusToast]

you really do come across as a numtpie sometimes.

trend followers using quick entries and exits. are you taking the p1ss? never heard such drivel.

Actually if you watch the tape & the flow on the e-mini, there's a lot of people doing what he says....

 

[scose-no-doubt]

When I first tried to discuss trading with and family and friends I was surprised by the fact that they already had very strong opinions on not only trading and the relative value of all markets in general but also on macro-economics and outcomes of fiscal policy. Guess Robert Peston and The Times must be doling out a joint scheme PhDs all over the country and not just where I live.

Did you get one ODT?

 

[scose-no-doubt]

Most economists would be utterly incapable of trading profitably in my view.


Paul

Do you think that organisations throw sums of money at these people for their socialising skills or something?

I've really never understood why economists take such a bashing here to be honest. Seems a bit like an immature tribal mentality.

Shame on you

 

[gooseman]

Actually if you watch the tape & the flow on the e-mini, there's a lot of people doing what he says....

algos. not a proper market in my view.

 

[William Waller]

I've really never understood why economists take such a bashing here to be honest.

Listen next time one of them is talking, you'll figure out the reason soon enough.

 

[N Rothschild]

a lack of economic understanding is why i would say most people on this board suck at trading.

 

[oildaytrader]

a lack of economic understanding is why i would say most people on this board suck at trading.

Wise man spoketh

Add 35 other weaknesses and causes for failure

 

[William Waller]

Wise man spoketh

Add 35 other weaknesses and causes for failure

Yeah there's probably a few others I would chuck in.

 

[DionysusToast]

a lack of economic understanding is why i would say most people on this board suck at trading.

How so ?

Economics is not a science. Economics is a wide field and there are many different and conflicting economic theories, hence governments and central banks screwing things up all the time.

A scalper by definition does not need to understand economics.

Economics = weather forecasting only less accurate. Any economist worth his salt will tell you that.

You are under the impression that we are in a protracted deflationary period and others are under the impression that hyper-inflation is inevitable. Like I say - it ain't a science.

Is your training course/method based on economics?

 

[oildaytrader]

Yeah there's probably a few others I would chuck in.

Maybe the old fart is in his sleep .

 

[N Rothschild]

How so ?

Economics is not a science. Economics is a wide field and there are many different and conflicting economic theories, hence governments and central banks screwing things up all the time.

A scalper by definition does not need to understand economics.

Economics = weather forecasting only less accurate. Any economist worth his salt will tell you that.

You are under the impression that we are in a protracted deflationary period and others are under the impression that hyper-inflation is inevitable. Like I say - it ain't a science.

Is your training course/method based on economics?

simply because TA plays second fiddle to fundamentals and news. If you dont understand why a market is doing what its doing, i would say your up **** creek. and "because the rsi is overbought" isn't understanding.

And what course would this be? i briefly thought of doing some mentoring from boredom, but decided i would rather spend my time on the golf course.

 

[scose-no-doubt]

Listen next time one of them is talking, you'll figure out the reason soon enough.

Because traders never get it wrong? Anyone remember peak oil @ $200bbl?
Every heard of Jerome Kerviel?

 

[oildaytrader]

simply because TA plays second fiddle to fundamentals and news. If you dont understand why a market is doing what its doing, i would say your up **** creek. and "because the rsi is overbought" isn't understanding.

Agreed , but understand t/a and charts are your navigator to timing the moves.All economic ,market and fundamental analysis , and entries based on them should be timed to perfection.

 

[William Waller]

Because traders never get it wrong? Anyone remember peak oil @ $200bbl?
Every heard of Jerome Kerviel?

I didn't say you should listen to traders either. You should listen to very few people, because most people are morons.

 

[scose-no-doubt]

Yes but most people aren't economists

 

[Splitlink]

I didn't say you should listen to traders either. You should listen to very few people, because most people are morons.

That's what we all tell ourselves.