Why i think most traders fail? Change your ways. Now.

Markus,

Thanks for the welcome note. My journey has been crazy to say the least, but the only colorful and eventful part of it was when I went off on my own. You wouldn't believe how many crap hedge funds and prop firms there are out there. I'm just glad I made the decision to do my own thing early on. Of course, there are great firms and funds out there too- I just wasn't fortunate enough to be acquainted with them.

I don't know if I'll stick around after this thread, but I will be writing some thoughts of mine every once in a while on E-mini player's blog. I don't particularly enjoy writing, but every once in a while i have something to get off my chest for the benefit of myself and others and so I throw out a post.

Anyhow, good luck with ur trading and maybe i'll catch u later...

Ziad
 
Most traders fail because they are greedy, unprepared, anxious ,nervous, and think this is like casino (well its not)
 
What nonsense

Gladiator X:

Yes, I did edit your posts and reposted them on my blog. But I also made it very clear they were your posts, not mine. I gave credit where credit was due. I did edit them because they were virtually unreadable in their original form. I assumed you were trying to help people, so I didn't imagine you would mind me reposting them, especially since I gave you credit as the orginal author and linked to trade2win as the original source.

Don't be a jerk.

Carl



GladiatorX said:
This is brilliant!

Sorry if by copying your article i have offended you Ziad - All credit to you ofcourse...
I intended actually to merit you in the original post but since i added my own bit @ the start and finish, i pretty much forgot to do so, then as Candle 'found me out', through embarrasment i just didn't express the truth, as people 'credited' me for the post i felt obliged to hand out more advice.

The main thing is, i found your post truely inspirational and so true to myself as a trader that i couldn't resist sharing it... It pretty much spoke what i've been trying to express to other traders in perfect words.
100% correct. I found it 'informative' and brilliant, certainly a must read for traders... Ultimately though i feel traders need to go through the pain and suffering of systems and risk:reward ratios before they truely undertand what your morale is ;)

All in all, a great troll and will provide rofl's for days to come. Overall this is really funny and very worth the time put in to Copy&Paste.

Ultimately, through sharing this article with Trade2win.com, despite false distribution, was a constructive contribution to the forum and seemed to be positively recieved by many. So love me or hate me, i did a great job. Rofl.

Lets all remember too that Carl Futia copy and pasted my post, edited it and posted it on his blog without my permission, so hes a bad guy too.

Stay away from bad guys kids.
Click to expand...
 
What nonsense # 2

I should also point out that I made an effort to properly attribute the source of the material I reposted, Gladiator X. From what you say it seems that you simply plagiarized the content of your post without every making any attempt at giving credit where credit was due. So who is the bad guy? Hmmmm.


carl futia said:
Gladiator X:

Yes, I did edit your posts and reposted them on my blog. But I also made it very clear they were your posts, not mine. I gave credit where credit was due. I did edit them because they were virtually unreadable in their original form. I assumed you were trying to help people, so I didn't imagine you would mind me reposting them, especially since I gave you credit as the orginal author and linked to trade2win as the original source.

Don't be a jerk.

Carl
Click to expand...
 
Here's a couple of questions for all profitable discretionary traders: Ziad, Gladiator X, and many other successful discretionary traders, who write lengthy and helpful posts, and I thank them, but who never explain clearly enough how they learned profitable (discretionary) trading. I am not asking for their secrets - just a bit more about what we are supposed to do. Ziad, it took you four months to learn? In 12 years, I never could learn a profitable method except this - automated trading systems (which I recommend to everyone, because in my opinion it's much easier). Now this is simple to explain: 1) back-testing, 2) automating the profitable strategy you came up with, 3) forward-testing, 4) real trading if the forward-testing was profitable. You cannot lose money if you follow those steps.

I guess your method could be summed up in: 1) paper trading, 2) real trading if paper trading worked. Do you agree? Now, if you agree, the question is how do you go about finding something that works in (paper) trading?

Yes, we should try to learn trading as we learn to play a videogame - that helped. Paper trading should help us learn trading as we learn a videogame, right? We can play it just like a game that way, without worrying to "insert coin".

Also, once you have found a profitable method, how do you guys manage to keep your (discretionary) trading from being affected by stressful events in your life? I mean, since your method is "discretionary", it is also subjective, flexible and subject to interpretations, which could be affected by a different mind/mood (and your mind is always changing - you don't have to be drunk or drugged).
 
Last edited:
gamma said:
Most traders fail because they are greedy, unprepared, anxious ,nervous, and think this is like casino (well its not)
Click to expand...

The markets are dynamic and constantly changing during the trading session.The human being is incapable of processing constantly changing information and applying it.They simply lack the skills to prosper in a shark tank .The market is constantly looking for ways to make shark meat.

They attempt to trade complex multiple instruments/stocks for which they have insufficient knowledge.Bad money management ,indiscipline,lack of knowledge and skills,fear and poor risk management skills are other common flaws.

O D T
 
travis said:
Here's a couple of questions for all profitable discretionary traders: Ziad, Gladiator X, and many other successful discretionary traders, who write lengthy and helpful posts, and I thank them, but who never explain clearly enough how they learned profitable (discretionary) trading. I am not asking for their secrets - just a bit more about what we are supposed to do. Ziad, it took you four months to learn? In 12 years, I never could learn a profitable method except this - automated trading systems (which I recommend to everyone, because in my opinion it's much easier). Now this is simple to explain: 1) back-testing, 2) automating the profitable strategy you came up with, 3) forward-testing, 4) real trading if the forward-testing was profitable. You cannot lose money if you follow those steps.

I guess your method could be summed up in: 1) paper trading, 2) real trading if paper trading worked. Do you agree? Now, if you agree, the question is how do you go about finding something that works in (paper) trading?

Yes, we should try to learn trading as we learn to play a videogame - that helped. Paper trading should help us learn trading as we learn a videogame, right? We can play it just like a game that way, without worrying to "insert coin".

Also, once you have found a profitable method, how do you guys manage to keep your (discretionary) trading from being affected by stressful events in your life? I mean, since your method is "discretionary", it is also subjective, flexible and subject to interpretations, which could be affected by a different mind/mood (and your mind is always changing - you don't have to be drunk or drugged).
Click to expand...

Profitable discretionary trading will come once you understand the markets , MARKET BEHAVIOUR AND PATTERNS and the forces behind the patterns and devise a method of using those patterns in making money.This method will come from understanding instruments and their behaviour and related inter market behaviour, reading and understanding candles for support and resistance/inside bars/breakouts/bullish/bearish set ups etc and applying what what you read to entry and exits.The candles are giving important information ,read it and apply it.Trading is a probability game , enter high probability set ups ,exit when probability is lower ,and if you keep doing the same over and over the rest will take care of itself.

The combination of UNDERSTANDING AND APPLYING market behaviour,instrument charecteristics,instrument behaviour,good money management,risk management,method,set ups,exit ,entries,probabilities,intermarket factors =profitable discretionary trading.Just read the first post ,it explains in detail.

Trade a few highly liquid instruments .I trade oil , euro usd and cable manually and semi automated and these instruments give enough opportunities during the week.

I went through hundreds of trading systems development , back testing and forward testing and also carried out detailed analysis of back tests and forward tests.I went straight to live trading with all the knowledge and apply it in live trading.

O D T
 
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chinaglobalsolution said:
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Yes a truly iluminating post on the subject "change your ways"
we have been been barking up the wrong tree all along, this is it
we should all change our ways give up trading and do what this fellow suggests.

we should get involved in the above persuits
Turnkey solution eh! WOW! how can you turn that down.
whatever it is?
 
gamma said:
Yes a truly iluminating post on the subject "change your ways"
we have been been barking up the wrong tree all along, this is it
we should all change our ways give up trading and do what this fellow suggests.

we should get involved in the above persuits
Turnkey solution eh! WOW! how can you turn that down.
whatever it is?
Click to expand...

Lol yup gamma think he took trading literally when he came here, trading as in goods, import / export, etc.

Hilarious.
 
BSD said:
Lol yup gamma think he took trading literally when he came here, trading as in goods, import / export, etc.

Hilarious.
Click to expand...

Read the mind of this trader.

Buy low sell high .Lower price is cheaper , so can sell higher for more profit.

sell higher on shorts to get more profit . forget the trend trading cause stupids are buying at too high to make money.

O D T
 
rols said:
All Cretans are liars.

Traders always tell the truth?

Everything on this forum is pure gold wrapped in a thick crust of merdiocrity?

Plus ca change, plus ca reste la meme chose: YAWNS then falls asleep at desk
Click to expand...

TBH, having just returned from Crete (for the second time in 6 years) I'd say they are more likely to engage in sharp practice and schoolboy emotional fraud than to lie outright...:) Inflation has racked and ruined the island though...a real shame.
 
Wow!!

I just got so wrapped up in reading the 15 pages of this thread I missed emmerdale.

But it was worth it :)

talk about only opening your mouth to change feet!!

funny thing was, the original post was really good. Ziad made some comments that really struck me and chime with my own take.

As a noob who has never made a trade yet the advice to never stop listening to my heart no matter what my head tells me is advice I'll gladly take on board.

Paula
 
Wow, just reading this thread flips everything into reality, screw it , i'll admit i've been spending the last 4 days backtesting inside bars on daily GBPUSD and found that in 2009 there was a 74% chance of inside bars breaking 20 pips.

There was something i wanted to buy that i knew would help my trading, costs a few hundred bucks but i was too scared to commit real money.
global macro trading heeeere we coooome!
 
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