How many FullTime/Professional Traders here?

ratan jain · #91 29th May 2007, 11:40 AM

Well said beginner_av and uasish....and by the way, you should change ur id to experienced_av.......thats what I can gather from your posts

beginner_av · #92 29th May 2007, 04:40 PM

Quote:

Originally Posted by uasish

This i am sure CV will disagree:=
"ratan: what i said was meant to be satiracal but as you were unable to comprehend that let me explicitly explain to you, you see most people who tarde or even those who frequent traderji have an intelligence level above average, I very much doubt any sane person would dispute this or do you?"
He equates Carpentary & Stock Trading requires same IQ ,infact he is right.
On a roaring Bull mkt even my maid-servant will make money,we normally equate wins to IQ level !!!! It is random yarr.

In The US some of the most successful traders are farmers and military guys. why? discipline and hard work. Most of the unsuccessful once are doctors, scientists and entrepreneurs. Why? Ego and need to do it right.
Trading is not rocket science, unless you want to employ some specific rocket science techniques to give you an edge. It is simple. But human beings are not simple. If trading success was directly proportional to intelligence then most of the successful engineers, doctors etc (who work for money and not passion) would have given up their
career and taken up trading to become big traders.
Even when it is not a bull market, the analogy between carpentry and trader remains the same. Make no mistake though. there are carpenters and there are carpenters. A roadside one who can barely provide for two meals to the one that designs/builds for Herman Miller or Durian. So the analogy is in monotonously applying what you have learnt, but not the process (effort/experience) of gathering knowledge/knowhow. And neither does it imply that you stop learning/experimenting with new ideas and tools.

beginner_av · #93 29th May 2007, 04:44 PM

Quote:

Originally Posted by ratan jain

Well said beginner_av and uasish....and by the way, you should change ur id to experienced_av.......thats what I can gather from your posts

Thank you for your warm remarks. But I'll always remain a beginner. Cos there will be many who are far more experienced than me and I can learn a lot from them!
NOt to say, tactically too, every NEW trade that we take in the market, we are beginning afresh with all that we have learnt and assimilated.

uasish · #94 29th May 2007, 04:47 PM

"So the analogy is in monotonously applying what you have learnt, but not the process (effort/experience) of gathering knowledge/knowhow."

Cant fully agree with you in this point,however let us keep this point pending i have few urgent pending things to attend now.
My question is shall we not try to improve upon ?

beginner_av · #95 29th May 2007, 05:00 PM

improve upon what? do mean the last line:

"And neither does it imply that you stop learning/experimenting with new ideas and tools. "

then how will innovative/more user friendly/eco friendly furniture come to the market?

uasish · #96 29th May 2007, 05:22 PM

Sorry,missed the last line.

amarnath · #97 31st May 2007, 09:50 PM

Quote:

Originally Posted by uasish

Automation is what ? Systems triggers a buy/sell whenever a condition is met,
these conditions are put in the software by the trader himself.
Even if it is an AI (artificial intelliegence) based s/w ,the trader puts his conditions.
So you have rightly said ,with your long experience ,it is SIMPLE ,but we are unable to imbibe the simple basic rules.

Hi uasish,

Its is really simple to me not sure of others really but in my opinion it dont need LONG EXPERINCE to design and develop simple profitable trading system's but i am getting better year after year and last 1 yr my hit ratio is near 89% on real time trading but i am trying to develop automated system with over 70% win ratio on consistent basis

amarnath · #98 31st May 2007, 09:56 PM

Hi all,

To be simple just ask u r broker about their net longs and short among pool of clients and just against retail traders sure 99.999% u r winner and diversify protfolio of brokers LOL trading cant be more simple than this really

dont take it as serious note but one can design simple system based on this real fact i.e majority of retail traders are loosers consistently

uasish · #99 31st May 2007, 10:03 PM

It is not your fault ,it always happens & happened with me.All my ex & present teachers could not fathom ,why i fail to understand "really simple "
things,& becoz of this dumbness "need LONG EXPERINCE " in each class to pass for the next grade,truly it is not your fault.

uasish · #**100** 31st May 2007, 10:17 PM

Quote:

Originally Posted by amarnath

Hi all,

To be simple just ask u r broker about their net longs and short among pool of clients and just against retail traders sure 99.999% u r winner and diversify protfolio of brokers LOL trading cant be more simple than this really

dont take it as serious note but one can design simple system based on this real fact i.e majority of retail traders are loosers consistently

Even had this experience (joined india infoline for few months ,to get the feel of actually what transpires in the 5paisa Main trading room),hence this statistics is also known,since long,but see my dumbness is such a hinderence,
i still transgress with this unlucky ,petty retailers.
Actually with this paltry sum left ,huge losses has instilled such a Fear psychosis,that i only trust myself,can you fathom my dumbness,when i know you have such Safe ,Best system ,i still cant trust such brilliant people to handle my money,no hope for me ,plz leave me in this pitiful state,i will never blame you ,becoz you sincerely tried to lift me.

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