From the comment section of my previous post (I am surprised that I wasn't surprised to hear from Taichiseal himself - after all, I hadn't mentioned that he was the sender of the email pointing me to his post which contains the link to the post on the "fatal flaws of trading" - if the market has taught me nothing else, it had at least taught me this: be prepared for ANYTHING and EVERYTHING):
e-mini index futures previews
4 months ago
I had no idea that my action would be perceived so poorly. When I read the article, I thought it was the most sensible piece of advice that any trader, experienced or otherwise, could ever receive and was excited in sharing it with as many people as I could think of. So my drawing your attention to it was in good intent. I was in no way trying to deride your trading. My apologies if I have offended you in any way.
I should have listened to Jesse Livermore - "I do not volunteer advice and I never give tips". How wise.
Thanks all, for your notes.
Taichiseal,
I gather you have no idea what was it about that advice that bothered me.
I don't suppose you remember that months ago, you had on several occasions tried to convince me that scalping and daytrading are not going to make me the kind of money you were making. I had removed you from my bloglist because I did not wish to be influenced by you.
You are someone who has set aside hundreds of thousands just for trading. You can afford to HOLD a futures contract, and wake up to a loss of 20K without feeling like you want to kill yourself. I haven't your kind of resources to hold a leveraged product over weeks and months.
I guess perhaps right at this moment you'd be thinking that if I haven't hundreds of thousands, then I really shouldn't be trading at all.
Never mind that. We have our own beliefs and theories surrounding the topic in question - I didn't force mine on you, and I didn't like it that you forced yours on me, as if having someone to believe what you believe would somehow make what you believe a biblical truth.
I don't like confrontations, and I actually don't like to have to tell you off, coz I did have a certain level of respect for you.
But months later, you had to come out of nowhere again, this time telling me that I shouldn't expect to be making any money.
That was when you lost all my respect for you.
You are exactly like my mother. She likes to get me to fix what isn't broken.
She called me recently, telling me - as always - how concerned she was about my mental health, and that she was afraid that there was something very wrong with me coz I wasn't getting out of my home, not seeing anyone, and not seeing her.
I told her I had never been happier my whole life, and that she should learn to embrace aloneness too coz maybe through it she would finally find peace. She couldn't find her tongue. Dead silence. She can't mess with my head anymore.
Neither can you.
Sat Jul 04, 10:04:00 PM SGT