Senior Rob wrote: Wed Mar 18, 2020 3:02 am
So, you have time enough to go on about how successful you are and how brilliant the system is and how everybody should trust your expertise but
don't have the time to note down a less-than-one-page-trading-plan with
precise entry-, exit-, MM- etc. rules.
I think I understand only too well.
My trading today has finished at 10:30am NY as volatility has all but dried up.
Human nature never ceases to amaze me!
I’m not going to tell you how long I have been trading and trading for a living, but I suspect it is longer than you have been living. In addition, you have only been on this thread for 5 minutes and have already climbed on your high horse and believed you should be
SPOON FED as well as receiving
FREE indicators, templates AND
RULES FOR TRADING from XARD and others.
From the tone of your posts you obviously do not realise that trading is a
PROFESSION in as much as Lawyers, Doctors and Engineers are and as such requires thousands of hours and days studying thousands of charts. This is necessary to obtain the
EXPERIENCE needed even to trade the simplest colour coded system provided by XARD that I have seen which is
PROFITABLE. I will bet you have not even spent the time to bring yourself up to speed by reading the posts which has led to XARD’s latest template and instead have just gone to the last post and said “Tell me how to do that”.
Over the years, I have been acquainted with $multi-millionaire
PROFESSIONAL TRADERS, Investment Bankers, Hedge Fund Managers plus many, many trading colleagues. If I had gone to them with your ego, high horse attitude and total lack of respect, they would have told me to
“stick it where the sun don’t shine”! Instead, I was humble and very respectful which allowed me to gather valuable information which has got me to where I am.
None of these
PROFESSIONALS are going to give their complete system or how they actually trade – it is their “golden egg” but they will give tidbits of information to help. XARD is the exception to that. He could have sold his information and probably made $thousands if not $millions selling it as his stuff ACTUALLY WORKS and is PROFITABLE. Instead he is
GIVING it all for FREE!
Whether you or I or anyone else can make money with it is down to OUR trading psyche and personality with special emphasis on how we handle the 2 emotions which determine our trading destiny –
FEAR and
GREED! It has been studied and proven that if you give a tried, tested, proven and profitable system with a specific set of rules to a group of traders,
only 50% of them will be profitable. In my 10 year thread on another popular Forum which I am no longer active on, I repeated ad nauseam that being profitable was
95% trading psychology and
5% the system or method. Again, as I posted earlier,
YOU can’t trade like me just like I can’t trade like XARD or anyone else – how
WE trade is unique to us which is why we have to either develop our own system or take a system like XARD’s and fine tune it to suit
OUR trading style and personality.
So to your sarcastic comment to jcorp01,
UNDERSTAND that you are lucky that he took the time to reply since he is a full time trader learning to trade for a living.
“”don't have the time to note down a less-than-one-page-trading-plan with
precise entry-, exit-, MM- etc. rules.””
You must be one of the “
Get Rich Quick” believers living in fantasy land if you believe such a PLAN exists! I can write a one page PLAN on
MECHANICAL trading rules. What I cannot write is a PLAN for trading psychology and specifically how to handle
GREED and
FEAR. The best I can do is suggest you read, learn and
UNDERSTAND “Trading In The Zone” by Mark Douglas which attempts to deal with this.
More important than that, I could probably write a 10 page PLAN on
HOW NOT TO TRADE!
Finally, in this Universe, there are Laws of the Universe where one of those is “
It is better to GIVE than to TAKE”. The Universe rewards those who GIVE and ignores those who TAKE. I speak from experience from the 10 years of teaching on my thread!
How you respond from here on in, determines your creditably not only in life but also on this thread.
Good luck with whichever
PATH you choose.
