[QUOTE=“coreylahey;551294”]
why are you such a boss??
people more interested in squiggly lines than consistent, profitable trading! Shame, really[/QUOTE]
Here are a few pictures that illustrate the noob mentality…
Attraction to what will burn them. The flame that attracts and eventually kills the moth is “price action” trading … or even worse is trading with indicators. It is the gullibility to get sucked into a narrow view of the market which dictates that the REAL causes of market movement be ignored.
Noobs will follow anyone who can summarize “how to trade currencies for dummies” and write generic trading advice. They get infatuated and cling to anyone they think will help them make money. As a result all common sense they might have gets thrown out the window as they chase after someone dangling a carrot in front of them.
The noobs tend to feed off each other and create self perpetuating myths that, through group think, they convince each other is fact. It takes maybe two or three minutes of perusing the current threads to see examples of noobs passing off horrible advice to other noobs. They pat each other on the back, feeling good that they think they have a grasp on a concept they really have no clue about.
Noobs will do everything possible to ignore and discredit people who have opinions contrary to what their guru is telling them. They throw tantrums… They shout insults… They scoff. It takes experience to spot experience. More often then not the experienced traders get labeled as “haters” and “trolls” when their experience points out HUGE flaws in logic that the noobs are committing to follow their guru or other form of misguided adventure in their attempt at a trading career. In what other arena are experts who know what they are doing, harassed for trying to point out mistakes being made?
Downright laziness. There are countless numbers of threads on this forum created by a noob who is asking a question that they could EASILY find on google themselves. “What is the difference between stop and limit order” or “what is a pip”. Not only do they expect for someone else to do the leg work for them, they typically get answers by other noobs who have no idea what they are talking about to begin with.
Another form of laziness that is also extremely rampant in the noob world is the pursuit noobs have for signals providers. They don’t want to put in the effort to learn how to trade, so they try taking a shortcut and find someone to copy. The laziness of noobs holds them back from developing their own trading techniques and they are doomed to fail in an emotionally painful fashion as they see their accounts blow up without controlling their own destiny.
There have been many scammers on this forum who have made pretty outlandish claims without a single piece of evidence to back it up. Many have made claims of profits, or employment with investment banks, extent of experience trading… Very few have offered evidence of any kind to verify those claims . The noob gets starry eyed and accepts whatever the questionable individual says without batting an eye. In one particular case here at baby pips involving a yellow Porsche, a few noobs lost several thousand dollars to a somewhat convincing scammer making quite exciting claims.
You can be a novice without being a noob… Just say no to being a noob.
So why am I such a boss and can consistently beat the market? Because I have none of the above traits