2009.04.04 WHY 95% OF TRADERS LOSE

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TheRumpledOne
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2009.04.04 WHY 95% OF TRADERS LOSE

Postby TheRumpledOne » Sat Apr 04, 2009 4:31 am

2009.04.04 WHY 95% OF TRADERS LOSE

I think I have found out the reason why 95% of traders lose - FAILURE TO FOLLOW INSTRUCTIONS.

I posted the DRAIN THE BANKS method last week. It has "evolved" since the first post. The latest version of TRO_DYNAMIC_FIBS_SR_TRAIL tells the trader when it is OK TO BUY, OK TO SHORT and BREAK OUTS. The trader is just a "trained chimp" - no thinking required.

Some people started making profit right away. But there were a few who refused to follow instructions, put other indicators on the charts and they lost money. Some tried to trade multiple pairs before they leaned how to trade one.

I explained they are like a new judo student who, on their first day in class, want to tell the master how to execute a move. These people wind up on their backs fast.

I explained that when you learn to juggle, you start by juggling one ball. Then two. And finally three.

There were people in the TWO PERCENT CLUB chat room who made 2% or more on their accounts every day. Some made over 10%. We were all using the same charts. We were waiting for the setups before entering a trade. We were taking our profits according to our own rules. We were DRAINING THE BANKS.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

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Re: 2009.04.04 WHY 95% OF TRADERS LOSE

Postby winny » Sat Apr 04, 2009 10:51 am

TheRumpledOne wrote:2009.04.04 WHY 95% OF TRADERS LOSE

I think I have found out the reason why 95% of traders lose - FAILURE TO FOLLOW INSTRUCTIONS.

I posted the DRAIN THE BANKS method last week. It has "evolved" since the first post. The latest version of TRO_DYNAMIC_FIBS_SR_TRAIL tells the trader when it is OK TO BUY, OK TO SHORT and BREAK OUTS. The trader is just a "trained chimp" - no thinking required.

Some people started making profit right away. But there were a few who refused to follow instructions, put other indicators on the charts and they lost money. Some tried to trade multiple pairs before they leaned how to trade one.

I explained they are like a new judo student who, on their first day in class, want to tell the master how to execute a move. These people wind up on their backs fast.

I explained that when you learn to juggle, you start by juggling one ball. Then two. And finally three.

There were people in the TWO PERCENT CLUB chat room who made 2% or more on their accounts every day. Some made over 10%. We were all using the same charts. We were waiting for the setups before entering a trade. We were taking our profits according to our own rules. We were DRAINING THE BANKS.



Hallelujah !
I did not even join the 2 percent club, and already was making money with the first 2 trades with real money. Just like what happened with the Buyzone. Most people start analyzing (very good) but do not over-analyse. Start trading.

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Re: 2009.04.04 WHY 95% OF TRADERS LOSE

Postby PTG » Sat Apr 04, 2009 1:43 pm

TheRumpledOne wrote:2009.04.04 WHY 95% OF TRADERS LOSE

I think I have found out the reason why 95% of traders lose - FAILURE TO FOLLOW INSTRUCTIONS.

I explained that when you learn to juggle, you start by juggling one ball. Then two. And finally three.


Exactly. It is easy.

Most people follow instructions all day long. Instructions from faceless bureaucrats that not only cost them their freedom, but also their money in the form of inflation and tax monies - required to feed these monsters.

How STUPID can you be by agreeing to that ALL DAY LONG. Then somebody, in this case TRO, comes along and proposes to follow instructions that can actually EARN money for you. The ONLY thing you have to do is indeed to act like a chimp. But noooo - its just too easy and incomprehensible. This can't be true, and because people think it isn't, they start adding stuff that prevents the mind from being successful. Stupid, stupid, stupid.

I guess these people are right. It is a hoax for them, the SHEEPLE. Don't act like a chimp - because you're SHEEP. Suckered by others, the 5% who actually ARE draining the banks..

The choice is yours: be part of 5% or part of 95%. Be stupid, or be smart.
[highlight=red]
Drain the banks, or BE DRAINED.[/highlight]

Good luck with it, whatever your choice is.

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Postby prochargedmopar » Sat Apr 04, 2009 2:06 pm

I'm so glad I can be part of giving you new Ideas for post titles and things to rant about..........;)
We are all part of a much larger picture and just think how boring/less profitable life would be without Us. (The 95%)
We are not droids, we are chimps and somebody had to take the time to train them....lol

I'm having BIG fun and given time will start making some pips in the process. Hey, some are slower than others. Just don't cut us any slack because we need it more than the rest (5%).
Cheers.
procharged
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My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670

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Postby johnsund » Sat Apr 04, 2009 3:16 pm

I have been listening in on the 2% club now for a week to learn about DTB. The information gained from those who are following TRO's discussion about DTB is more than just helpful. In time it will help me replenish my retirement money that has been so markedly impacted by the decline in the stock market. For me, this is serious business. The current discussion is on DTB, where more experienced traders (TRO, 3clipz, etc.) using that method help newbies. For me, the most confusing thing that occurs is for someone to take off in their own direction and post or chime in and confuse the discussion. This is more than just annoying. It impacts my ability to learn from those who are trying to help everyone see and understand what they are doing with this very specific set of tools developed by Avery. After listening for awhile you immediately recognize the names of people who habitually try to take the discussion off on tangents. I ignore everything they communicate, because they only serve to confue me - not clarify. Maybe there are good ideas mixed in with the bad, but I ignore it all so as not to be confused. Not a very charitable position, but I'm not doing this for the fun of it - it is too much hard work, and too critical to my future.

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Postby winny » Sat Apr 04, 2009 4:20 pm

johnsund wrote:

In time it will help me replenish my retirement money that has been so markedly impacted by the decline in the stock market.
I'm not doing this for the fun of it - it is too much hard work, and too critical to my future.


Johnsund,
I would like to give you some good advise here, as I read your post about retirement money, and that this is serious business for you. You say it is critical to your future. I would like to advise you not to trade FX markets if that is indeed true. You probably already know that it is not a wise move to play with money that you need for other things, your family or for your future. When I started trading FX for the first time I did loose money. But I did not really care as I could afford to loose the small amounts I put into it as I also trade S&P500 futures profitably. Last year I visited this board, and had a close look into TRO's buyzone setup. It did work out well for me, but it is probably because I already had experience trading other futures. I basically use TRO's setup with a small adjustment and it works out well.

Now, TRO's newest DTB system also looked great, and it also works as I found out, but I still think you should never ever trade these systems with money you can not afford to loose. I think everybody would agree here.
Its not my money, do whatever you want, its just sound advise.

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Postby TheRumpledOne » Sat Apr 04, 2009 4:53 pm

prochargedmopar wrote:I'm so glad I can be part of giving you new Ideas for post titles and things to rant about..........;)
We are all part of a much larger picture and just think how boring/less profitable life would be without Us. (The 95%)
We are not droids, we are chimps and somebody had to take the time to train them....lol

I'm having BIG fun and given time will start making some pips in the process. Hey, some are slower than others. Just don't cut us any slack because we need it more than the rest (5%).
Cheers.
procharged


Procharge... the title is NOT original at all. I am not ranting. Yes, I pick on you only to make a trader out of you. Just ask 3Clipz. I picked on him. I almost banned him. He "got the message" and is now an admin in the chat room and, more importantly, draining the bank every day.

Like I have been telling you repeatedly, pick one method and one pair and stick with them until you master it. Quit method hopping and pair hopping.

The choice is yours - success or failure.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



Please do NOT PM me with trading or coding questions, post them in a thread.

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Postby TheRumpledOne » Sat Apr 04, 2009 4:59 pm

johnsund wrote:I have been listening in on the 2% club now for a week to learn about DTB. The information gained from those who are following TRO's discussion about DTB is more than just helpful. In time it will help me replenish my retirement money that has been so markedly impacted by the decline in the stock market. For me, this is serious business. The current discussion is on DTB, where more experienced traders (TRO, 3clipz, etc.) using that method help newbies. For me, the most confusing thing that occurs is for someone to take off in their own direction and post or chime in and confuse the discussion. This is more than just annoying. It impacts my ability to learn from those who are trying to help everyone see and understand what they are doing with this very specific set of tools developed by Avery. After listening for awhile you immediately recognize the names of people who habitually try to take the discussion off on tangents. I ignore everything they communicate, because they only serve to confue me - not clarify. Maybe there are good ideas mixed in with the bad, but I ignore it all so as not to be confused. Not a very charitable position, but I'm not doing this for the fun of it - it is too much hard work, and too critical to my future.


It's funny that you call 3clipz an "experienced trader" since he has only been trading for a few months. 3clipz decided to get serious. He learned to "SEE". 3Clipz saw that when he tried to play the reversal off the 3 Level ZZ Semafor indicator that he would be in draw down for a while. Then it hit him like a ton of bricks, instead of entering a reversal trade, ENTER A BREAK OUT TRADE!! This is part of the evolution of the DRAINING THE BANKS method.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



Please do NOT PM me with trading or coding questions, post them in a thread.

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Postby TheRumpledOne » Sat Apr 04, 2009 5:09 pm

winny wrote: Last year I visited this board, and had a close look into TRO's buyzone setup. It did work out well for me, but it is probably because I already had experience trading other futures. I basically use TRO's setup with a small adjustment and it works out well.

Now, TRO's newest DTB system also looked great, and it also works as I found out, but I still think you should never ever trade these systems with money you can not afford to loose. I think everybody would agree here.
Its not my money, do whatever you want, its just sound advise.


The DTB is the BuyZone used at Dynamic Support/Resistance. AirBall and I talked about "dropping a Buy Zone" at support and resistance years ago.

The refinement was when I realized that the Dynamic SR indicators plot the same support/resistance as the 3 Level ZZ Semafor when the input periods are the same. But my Dynamic SR DOES NOT REPAINT!! This led to us adding levels 4, 5 and 6 to show even stronger support/resistance levels. This is how we DRAIN THE BANKS. We know when price is breaking out of a strong support/resistance level and that it will usually travel 20 pips or more and then reverse back 20 pips from the top after a level 3 or higher has been broken. We can trade the break out or just sit and wait for the reversal. Draw down is almost a thing of the past.

DRAIN THE BANKS!!

NEVER LOSE AGAIN!!
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



Please do NOT PM me with trading or coding questions, post them in a thread.

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Postby johnsund » Sat Apr 04, 2009 5:13 pm

winny and TRO - Thanks for the comments. My post may have been unclear in a couple of areas. First, I am certainly aware of the fact that I should not trade more than I am prepared to lose. What I am planning on trading in the forex market is a small part of overall resources. Second, I realize 3clipz is relatively inexperienced, but as you say, has come a long way in a short period. He generally sticks to trading DTB as you designed it, and is effective in communicating what he is doing and why. The main point of my post was to let others know that if they want to divert the discussion away from how to effectively use DTB, they are impacting others ability to learn.

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