During my rather short trading career, I have come across all types of traders.
Some come around as newbies wanting to learn and focusing on a single strategy. Others have diverted to all kinds of books and other nuances to a point where there is no way that trader will follow a single line of thought as to identify or deploy and effective trading method.
I have come across the successful trader. The one that is indeed profitable and has no need to boast his ideas. I have come across the scammer who is able to sell his product without the convincing numbers. I have come across the professional trader who is proud of what he does and actually try to help people.
I have come across the fundamental trader. I have come across the technical trader. I have come across the artistic trader, whose trend lines are real pieces of work!
But the trader that probably 'bothers' me the most is the "dummy account/technical/forex thread bully trader". This trader profile is simply surreal.
Lets see a few of the characteristics of such a player:
1) Most-likely hides behind a broker dummy account and trades money that he doesn't have. A second option, is that he/she has funded a real account but FAILS to pull the trigger even when the most perfect setup shows up;
2) Is able to predict the future;
3) Doesn't like to be criticized;
4) Has the most beautiful drawings and explanations about those drawings. And based on that, is able to anticipate setups. But... chickens out when it comes to execution time.
5) Has a thread of his/her own and posts the most perfect drawings and setups but in reality never took one of those setups;
6) Through the thread he/she tries to promote a GOD_LIKE aura of him/herself;
7) The results of the drawings or the drawings itself are posted AFTER the fact. Never before.
8) This trader profile has another interesting characteristic: He bullies around those who criticize his drawings, methods or results.
9) Usually, one has no idea of the real results of such a 'GREAT' trader. Most-likely, he will never come up with numbers;
10) Last but not least: This type of player claims to have tons of experience. However, he/she has failed to pulled the trigger even once. Statistics and backtesting is far from his/her reality. As a matter of fact, his/her self proclaimed art/experience is way more valuable than numbers/statistics/backtesting.
With such an extensive profile list, it shouldn't be hard to identify such a trader next time you come across one of these...
;-)
Some come around as newbies wanting to learn and focusing on a single strategy. Others have diverted to all kinds of books and other nuances to a point where there is no way that trader will follow a single line of thought as to identify or deploy and effective trading method.
I have come across the successful trader. The one that is indeed profitable and has no need to boast his ideas. I have come across the scammer who is able to sell his product without the convincing numbers. I have come across the professional trader who is proud of what he does and actually try to help people.
I have come across the fundamental trader. I have come across the technical trader. I have come across the artistic trader, whose trend lines are real pieces of work!
But the trader that probably 'bothers' me the most is the "dummy account/technical/forex thread bully trader". This trader profile is simply surreal.
Lets see a few of the characteristics of such a player:
1) Most-likely hides behind a broker dummy account and trades money that he doesn't have. A second option, is that he/she has funded a real account but FAILS to pull the trigger even when the most perfect setup shows up;
2) Is able to predict the future;
3) Doesn't like to be criticized;
4) Has the most beautiful drawings and explanations about those drawings. And based on that, is able to anticipate setups. But... chickens out when it comes to execution time.
5) Has a thread of his/her own and posts the most perfect drawings and setups but in reality never took one of those setups;
6) Through the thread he/she tries to promote a GOD_LIKE aura of him/herself;
7) The results of the drawings or the drawings itself are posted AFTER the fact. Never before.
8) This trader profile has another interesting characteristic: He bullies around those who criticize his drawings, methods or results.
9) Usually, one has no idea of the real results of such a 'GREAT' trader. Most-likely, he will never come up with numbers;
10) Last but not least: This type of player claims to have tons of experience. However, he/she has failed to pulled the trigger even once. Statistics and backtesting is far from his/her reality. As a matter of fact, his/her self proclaimed art/experience is way more valuable than numbers/statistics/backtesting.
With such an extensive profile list, it shouldn't be hard to identify such a trader next time you come across one of these...
;-)
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