tag:blogger.com,1999:blog-12333088.post5977143640140546638..comments2023-11-10T05:07:19.026-05:00Comments on Carl Futia: The Truth About Trading - Part ICarl Futiahttp://www.blogger.com/profile/01624989905417650273noreply@blogger.comBlogger10125tag:blogger.com,1999:blog-12333088.post-19813470197602123732014-05-05T09:24:47.823-04:002014-05-05T09:24:47.823-04:00I don't thinks so !
I disagree with the write...I don't thinks so ! <br />I disagree with the writer !<br />He compares trading to other human skills than can only achieved by practice and experience and not by <br />per-determined specific rules and guidelines <br />this comparison is only valid if trading is like any other normal skill human can develop <br />but Trading is never like that , trading will never fit human normal nature <br />trading is against our very nature and if you are trying to approach it as a normal skill you will never make it ! <br />trading will never become as " a second nature " for most of us !<br />the only way to make it in this dirty business is to know the reality of trading and it's major conflict with our very nature !broken arrowhttps://www.blogger.com/profile/17453867162105344206noreply@blogger.comtag:blogger.com,1999:blog-12333088.post-64832013096782418952013-05-13T18:58:48.862-04:002013-05-13T18:58:48.862-04:001/1 r and r ratio with 75% accuracy, cmon, cmon, t...1/1 r and r ratio with 75% accuracy, cmon, cmon, the expectancy or edge of a trader with these stats, far exceeds the edge las vegas has over its lemmings that results in massive profits for the casinos. if a trader shows you stats like, that, make sure it is real time not on paper, and the number of trades exceeds 500. there is no such animal!!IRSHELPhttps://www.blogger.com/profile/18029376146454907987noreply@blogger.comtag:blogger.com,1999:blog-12333088.post-966861493034137952013-01-17T19:41:50.740-05:002013-01-17T19:41:50.740-05:00I've come across this just recently. I realise...I've come across this just recently. I realise that most comments on this are over 3 years old, but I think this post is valid for any trader at any time. <br />I'm a serious individual trader and I've been doing it for nearly 20 years. At first I was quite impressed by the ideas expressed here, but something about the views expressed niggled away at the back of my mind. I realised that all the author is saying is keep following the markets, keep trading, keep thinking about this stuff until it becomes instinctive, as in the example of great sportsmen playing instinctively. I agree with that. It's what I call 'trading in the zone' (title of a good book on trading psychology by Mark Douglas.). But I disagree with the writer when he disparages the need for rules, mental discipline, emotional discipline. My view is that one's trading rules and discipline itself should become second nature, instinctive.Anonymoushttps://www.blogger.com/profile/16046378059993016284noreply@blogger.comtag:blogger.com,1999:blog-12333088.post-53839570125909056132009-08-22T14:38:39.846-04:002009-08-22T14:38:39.846-04:00Nice comment! Thanks for posting, very helpful for...Nice comment! Thanks for posting, very helpful for my self-education in trading.TraderO7https://www.blogger.com/profile/14048661364811222111noreply@blogger.comtag:blogger.com,1999:blog-12333088.post-67703611102009068692009-08-18T07:37:34.387-04:002009-08-18T07:37:34.387-04:00Hi Speculator!
There was a nice Word Trading Cham...Hi Speculator!<br /><br />There was a nice Word Trading Championship in FX mnarkets, any pair could be traded in any time frame for one Year.<br /><br /> The World Champion, who was a Chinese guy win the race, by a huge margin, and he had about 850% profit during that period.<br /><br />Now making 7 times that amount in the same year is almost impossible, and I have never seeen any trader come even close to that.<br /><br />Having 4 - 800% in a Year I would say possible but even those winners have much bigger than 1% risk on their positions.<br /><br /><br /> JoeUnknownhttps://www.blogger.com/profile/11868223022532019743noreply@blogger.comtag:blogger.com,1999:blog-12333088.post-78797361605145077202009-08-17T22:13:36.503-04:002009-08-17T22:13:36.503-04:00Joe, not necessarily a lie, I crunched some number...Joe, not necessarily a lie, I crunched some numbers and I think with 75% win rate at a 1%/1% risk/reward ratio, then out of about 1000 trades it is possible. So about 4 trades a day for 250 days. But yeah, need major skills for a 75% win rate at 1:1.Edhttps://www.blogger.com/profile/03900432013968866466noreply@blogger.comtag:blogger.com,1999:blog-12333088.post-43349999480027438472009-08-17T21:59:49.801-04:002009-08-17T21:59:49.801-04:00Mr. Futia,
There are very few people that can
t...Mr. Futia,<br /> There are very few people that can<br />trade with no hard stops. Soft stops are an oxymoron. One can have wide stops but one must always have a stop. Extremely rare is the person who can think clearly in the heat of battle. Most traders fail because they blow through their stops.Happy Misanthropehttps://www.blogger.com/profile/01972270016065445250noreply@blogger.comtag:blogger.com,1999:blog-12333088.post-38045793612467617292009-08-17T16:14:36.043-04:002009-08-17T16:14:36.043-04:00Mr Futia!
You should know the math a bit, havin...Mr Futia!<br /><br /><br /> You should know the math a bit, having a doctorate degree.<br /> Anyone, risking 1% on any trade maximum trading for a year can get 6000% profit in any market?<br /><br /> That is a Bulsshit nonsense, it is almost impossible mathematically.<br /> I am not questioning that this writer might be profitable, only his real results is a true lie.<br /><br /> JoeUnknownhttps://www.blogger.com/profile/11868223022532019743noreply@blogger.comtag:blogger.com,1999:blog-12333088.post-60160576118711912772009-08-17T16:09:59.381-04:002009-08-17T16:09:59.381-04:00Great post! Full of insight.Great post! Full of insight.Unknownhttps://www.blogger.com/profile/02573751921673018431noreply@blogger.comtag:blogger.com,1999:blog-12333088.post-81829904121623459442009-08-17T16:05:15.969-04:002009-08-17T16:05:15.969-04:00A tremendous public service, Carl. Very interestin...A tremendous public service, Carl. Very interesting and, when you think about it, it makes perfect sense.JMhttps://www.blogger.com/profile/09876016557456927299noreply@blogger.com