Thanks for the reading recommendation. I see that my library has a copy. I really don't mind the work involved in trading - I find it quite a bit of fun. But, OMG I've never encountered anything that consumed time like it does. Not a small problem.

New study shows only 1% of traders are consistently successful

Great!

New study shows only 1% of traders are consistently successful

Sort of... they are grail hunters. Grails are much better than strategies because they come with flashing arrows and they work 100% of the time. Besides, strategies are applied to that which is yet to come which is bothersome. Grails are applied to ...

New study shows only 1% of traders are consistently successful

It's our mothers' fault if we fail! Really good post, Pip!

New study shows only 1% of traders are consistently successful

The thing is that you must keep yourself out of the group. Otherwise, by default, you will definitely end up there. As has been said many, many times here in the forum it's not any different than any skilled, highly competitive field - the low ...

New study shows only 1% of traders are consistently successful

1%? Sure, I believe it. Doesn't concern me at all because I'm in it for the long haul and I'm working my ass off at it. Just look at where everyone on the forum is. On the so called "Interactive Trading" (aka Call) threads - asking each other which ...

New study shows only 1% of traders are consistently successful

Both of these guys are the best. I like Celente's "Not Made in China" motto.

The video store

Wow. Looking over the many books on trading that I own...almost completely worthless crap. Very few that are worth keeping. I think that I'll give them to the library to free up space. The one that cracks me up is one of the first that I ever bought ...

Forex Books you would Recommend

So you are no longer on the buy side? Interesting.

KISS

"Only in the movies."

KISS

Well, I'll disagree with you there. Besides, trading is about profits right? What's good about understanding it if not to increase profits? There may be another general point that we may not agree upon: Seeking a functional understanding of the ...

KISS

Not to get started on this subject but, when you have a term like "order flow" being used as jargon it really over complicates things. You end up with everyone having their own definition of what it is. Doesn't help simplify things. LOL! (As a side ...

KISS

OMG the time we spend looking for the Holy Grail of the perfect entry. Try this simple method instead and see if it doesn't work at least as well as a more "technical" approach: "Hum. Sure looks like there is some serious interest on the ...

KISS

Good idea for a thread. I'll lend this sign that I like which makes a good wallpaper. Have a good weekend! Brent image

KISS

RealTime Level II/Tick Vol 1.5 for Ninja Trader — A pretty nice tool for Ninja users here. Have a great weekend, people! Thanks for the contributions this week. The thread is ending the week right on topic, I think.

Stating The Obvious and The Quest For Wisdom

Agreed. Maybe I'd say: the market's perception of what it believes will happen later. The future influences the present just as much as the past. Friedrich Nietzsche

Stating The Obvious and The Quest For Wisdom

It would be great to stay focused on this. (My short answer - orders.)

Stating The Obvious and The Quest For Wisdom

Well, this American thinks it's funny and an appropriate vid to post! (Not sure why it would be banned anywhere, really.)

Stating The Obvious and The Quest For Wisdom

Agreed! Maybe once all the dust settles the discussion along those lines will continue. image Also:

Stating The Obvious and The Quest For Wisdom

Sorry about the loss, DS. I don't blame you at all for not making more calls. Too high of a likelihood that it's being forced - either in putting it on, holding it or closing it out. Thanks for trying on our behalf. Feel better!

Stating The Obvious and The Quest For Wisdom