25 replies to this topic

[NAV]

 

 

I have been lurking around for 19 years, I read TT during the last 3 bull markets and 2 bear markets. I know whos is who very well. 

 

Oh really ? You have never failed to give me a hearty laugh, my friend !

 

How's the condo flipping business in Vegas going ? What are you flipping these days, burgers ?  

[larryh]

NAV,

 

Never mind Alex as I personally think he might be jealous of your success in letting your winning trades run, with disciplined scale trades to capture profits along the way, while not letting losing trades develop into monster losses. 

 

I have learned quiet alot from you and wish you did indeed have a subscription service for those would benefit from your experience.  Keep me in mind if you do entertain such a venture, perhaps only to select traders who believe in you.

 

Alex seems to be a NAV wannabe.....

[EliottWave5]

 

I have never seen NAV to post a single chart or anything that is relevant to technicals. He comes up with random numbers and some of them works, more than 50% wrong. His last trade worked so he decided to open his blog , create his own audience and possibly launch a trading service. This is a classic snake oil stuff.

 

LOL ! If i wanted to open a subscription service, i could have done it 10 years back. I have had numerous requests over the years to provide a service. You can rest assured that i have no plans to start any kind of trading service, anytime in the future. I quit my well paying corporate job for the freedom of trading when i was 34 years old (12 years back) and i have not looked back since then. I will not trade that freedom, to be held hostage by subscribers for $39.99 a month !. 

 

Win rate means jack in this business. That shows you know nothing about trading. So i am not going to argue with you. You can call me a lucky-random-number-generator. 

 

 

I'd pay $39.99/month just to read your forum posts.  

 

I pay twice that for avocado toast, after all.

 

You'll be missed.

Edited by EliottWave5, 22 March 2018 - 08:31 AM.

[12SPX]

larry,

please tell us what you learned from him. Tell us how he comes up with the numbers since you seem to have the inside info

 

12spx

No I will not take my comments back, I am just stating the obvious. To me, there is no difference between NAV and da_chief. Both never post anything relevant to trading . chief is always a bull, he likes to repeat he is long from 666. He seems to be a genius all the time.  NAV is like a random number generator. sometimes right sometimes wrong but he uses stops so he likes to appear to be a genius all the time by telling us what is what after the facts.

The site doesn't say "Traders teaching", it says "Traders TALK".  What your supposed to do is talk about what trades you have on and when you get in and out, why would a person need to say exactly what there doing and how they came up with there idea.  I don't think anyone here gets really technical about anything they just post their buys and sells.  A person may say such and such "public" indicator is telling me this or that is fine but you don't need to put anything up on exactly how you come up with your trades.    

[aca123]

Alex - I strongly disagree. How strongly? I have been around since 2004 and this is only my third post. I trade for a living but just don't have time to post or go into nonsense arguments (I respect Nav because he is much tougher in this respect). I archived a lot of his posts and hundreds of them contain absolutely excellent advise. Could paste all of them here but for the sake of time and space just two of his posts (from 2014 to avoid any cherry picking).

 

 “Those who trade for crumbs don’t understand what real trend following is. To follow a trend you need to learn the discipline to stop jumping around like a monkey, trying to catch every wiggle…

…I have always tried to help traders with “what not to do”, the mistakes I did in my early days. “What to do” is something that every trader has to learn on his own. Sometimes my posts might come out as sarcasm. Can’t help that emotion when you see others doing the same mistakes you once did. I am sorry if that’s the impression I gave in my posts.

But I will tell the budding traders one thing, before I sign off from this kind of nonsense. You will never make it in this business if you aspire for perfection. You will never make it in this business if you trade for crumbs with a poor risk/reward. You will never make it in this business if you don’t use stops. You will never make it by following anyone. There are no indicators which will predict the future. If you don’t agree, I will GUARANTEE you that you will learn the hard way. Develop a simple method with a slight edge, use prudent bet size, use simple TA and control your mind.”

 

and the second one 

 

“The only thing that matter in this business are your trades and how much money you make out of it. And when we talk about trades, there are only 3 things that matter – Entry, Exit and Stop. Folks type in tons of words on this board and somehow they run out of time when it comes to posting 3 numbers – entry, exit and stop. These three numbers are the only way we can track the soundness of any methodology or one’s track record, as we are dealing with some unknown folks on the web. All the pissing contests, name calling and competitive chest beating does no trader any good. Possessing great technical knowledge makes you a professor in this field. WE DON’T GET PAID FOR OUR KNOWLEDGE. Analysis and determining the health of the market is fine, which serves as a broad context. BUT THE DOCTORS DIAGNOSING THE HEALTH OF MARKETS DON’T GET PAID EITHER. Despite making the best calls and analyzing the markets in the best manner, one can lose his account. Been there, done that, learned it the hard way and moved on. It’s your precise entry, exits, proper stops and sound risk management that eventually makes you money.”

 

Go trough archives and his posts, imho you can basically learn how to trade - it will not cost you a penny but I will cost you a lot of time, a little creativity and once you start with real money emotional anxiety.

 

Regards,

[diogenes227]

Alex - I strongly disagree. How strongly? I have been around since 2004 and this is only my third post. I trade for a living but just don't have time to post or go into nonsense arguments (I respect Nav because he is much tougher in this respect). I archived a lot of his posts and hundreds of them contain absolutely excellent advise. Could paste all of them here but for the sake of time and space just two of his posts (from 2014 to avoid any cherry picking).

 

 “Those who trade for crumbs don’t understand what real trend following is. To follow a trend you need to learn the discipline to stop jumping around like a monkey, trying to catch every wiggle…

…I have always tried to help traders with “what not to do”, the mistakes I did in my early days. “What to do” is something that every trader has to learn on his own. Sometimes my posts might come out as sarcasm. Can’t help that emotion when you see others doing the same mistakes you once did. I am sorry if that’s the impression I gave in my posts.

But I will tell the budding traders one thing, before I sign off from this kind of nonsense. You will never make it in this business if you aspire for perfection. You will never make it in this business if you trade for crumbs with a poor risk/reward. You will never make it in this business if you don’t use stops. You will never make it by following anyone. There are no indicators which will predict the future. If you don’t agree, I will GUARANTEE you that you will learn the hard way. Develop a simple method with a slight edge, use prudent bet size, use simple TA and control your mind.”

 

and the second one 

 

“The only thing that matter in this business are your trades and how much money you make out of it. And when we talk about trades, there are only 3 things that matter – Entry, Exit and Stop. Folks type in tons of words on this board and somehow they run out of time when it comes to posting 3 numbers – entry, exit and stop. These three numbers are the only way we can track the soundness of any methodology or one’s track record, as we are dealing with some unknown folks on the web. All the pissing contests, name calling and competitive chest beating does no trader any good. Possessing great technical knowledge makes you a professor in this field. WE DON’T GET PAID FOR OUR KNOWLEDGE. Analysis and determining the health of the market is fine, which serves as a broad context. BUT THE DOCTORS DIAGNOSING THE HEALTH OF MARKETS DON’T GET PAID EITHER. Despite making the best calls and analyzing the markets in the best manner, one can lose his account. Been there, done that, learned it the hard way and moved on. It’s your precise entry, exits, proper stops and sound risk management that eventually makes you money.”

 

Go trough archives and his posts, imho you can basically learn how to trade - it will not cost you a penny but I will cost you a lot of time, a little creativity and once you start with real money emotional anxiety.

 

Regards,

 

Yes  yes , yes.  He says he's going to take time to write a book on trading.  Actually, he already has written it.