dbphoenix
Guest Author
- Messages
- 6,954
- Likes
- 1,266
In that case ,why be in a forum?, why bother chatting to other people?LevII said:Recently read this in a pretty impresive work.
What do others think?
Hello Sir, I have only just seen this.LION63 said:We have all heard the saying that "No man is an island," from time to time we will all seek advice and opinions on various things and I am fairly certain that everyone here does. It is down to choice and adaptability as to whether we take it on board or not.
Mr X might be a great trader but useless with computers, what does he do if he wants to add a few monitors to his workstation? He could take a trip to PCWorld where the dimwits do not know what he is talking about or he could ask those that have already upgraded their workstations. He obtains all the answers he needs without stress or cost (he wins) and those that provide the information do so out of the goodness of their hearts and feel better as they have done a good deed (they win).
dbphoenix said:Depends on what you mean by "seek advice". Of course successful traders seek to improve and will solicit advice from those whom they respect. That's one reason why they're successful. But they don't waste time on tips and off-the-cuff opinions.
How true.
Yes it is very funny and very entertaining.Bluebelle said:Whether or not successful traders give advice is a moot point. What I do know is that there are plenty of unsuccessful ones out there trying to SELL theirs !!!
Yes, quite so. What you probably mean is giving and taking advice among themselves to the deliberate exclusion of the unsuccessful. Funny.Satori said:Surely the giving and taking of advice has little to do with 'traders' and more to do with 'personalities'. To state that 'successful traders neither give or take advice' is a bit too much of a generalisation in my view. It's the same in any profession: there are those that listen keenly and give freely and those that don't.
Of course, one could argue that only certain 'personalities' are successful at trading in the first place but that, again, is a generalisation which ignores the complexities of personality in favour of the convenience of categorisation (a common problem with psychometric tests).
The point is taken that many non-institutional traders can sometimes lead a solitary existence, but I still think that one will find varying degrees of giving and taking advice amongst them.
SOCRATES said:Yes, quite so. What you probably mean is giving and taking advice among themselves to the deliberate exclusion of the unsuccessful. Funny.
SOCRATES said:It must be.
Because it is only the unsuccessful who have cause to ask persistent questions on public boards and by PM.
Successful traders do not ask questions, as they already have the answers.
An extension of this is that once they have mastered al of this and themselves, they do not need to ask any further questions of any sort.
And as a further extension to the above and in addition to it, at this stage they are not willing to share it, and keep it to themselves and those they choose to discuss it with in private, out of schnorrer range.
Yes.sun123 said:To be successful trader, you are always looking to inprove that's why they are successful. you never stop learning, and some successful traders will helps others, they wont give it all away but put them on the correct path to become successful
Nope....I completely disagree.Satori said:I wasn't specifically referring to 'persistent questions on public boards and by PM', which is just one medium of possible communication.
Neither does it have anything to do with successful or unsuccessful traders.
The successful are often so because they continually ask questions. These may be questions they ask of others in hope of an answer, or questions they ask of themselves and research their own answers.
The method by which they attempt to find answers will depend upon many things beyond whether or not they are a successful trader, although clearly that will have some influence.
It's unlikely that they have all the answers.
It depends upon what your definition of successful is too. Is a successful trader one who earns a living to his satisfaction from trading or one who is Bill Gates-style rich from it?
I'm not sure what this 'all' is that they've mastered, but possibly. If they don't wish to improve their position and are satisfied with all that trading gives them (financially and emotionally), and there's nothing wrong with that. However, some people continually like to drive themselves onward.
Some will, some won't.
The point I'm making is that we could have two traders earning £20million a year, one of which enjoys answering questions - from trivial to complex - about trading and one of which who doesn't.
Furthermore, one of those traders may know all he needs to know to earn £20million a year and may have no desire to learn anything else relating to trading because he's happy with his lot. Another may be quite miserable with £20million a year and may look for ways to increase that to £100million a year: therefore he needs to learn and to learn one must question.