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Good reply. Academic is totally legit. I miss Quantopioan and we have to differentiate regular videos from webinars. I usually watch Hudson & Thames.
About my medical reference, the point is the purpose. People are telling you the way to make money. Of course you can find good reference with the educational purpose.
I have been a long time lurker on here but this lak bashing has motivated me to make a post. Lak and I have traded together and had a few interactions back in the old chatrooms over six years ago or so. He's definitely a trader- nothing over the years made me think he wasn't highly successful.
As TradeSlinger has said he's not an educator- he is a trader- but I must say that the videos are useless unless you have some idea of what he is doing. If you study what TradeSlinger has kindly/freely shared (post851047) and return after a few weeks study some of the things might make sense.
Hint: Pay attention to where he puts his horizontal lines for S/R, pause the video take note everytime he does it even on the tick charts because this is all fractal and works the same way on all timeframes. See if you can start finding the same levels on your own charts, study what happens when price visits these levels, does the same thing happen over and over? See if you can put it into a tradeable plan.
Somehow, the subject of Lak gets people a little worked up. Everyone, please keep the tone civil and don't take shots at other posters.
If you disagree with someone, there is always a professional way to phrase it, without becoming personal.
Probably it would be a good idea to move on from the subject of Lak at this point, because it has essentially been thrashed to death with a lot of heat and little light. Unless there is something new to be said, and unless it is meant to be helpful and stays within the forum's normal standards, let's try to get back to the thread topic and let this one trader not monopolize the discussion, pro or con.
Thanks.
Bob.
When one door closes, another opens.
-- Cervantes, Don Quixote
It's curious that out of all medical specialities neurosurgery is considered as something super complicated. It is, but no more than any other specialised field, medical or not. There are three things that make trading so hard: unpredictability, high frequency of bad outcomes (losses) and as the result the demand for high level of discipline. For private traders another issue is lack of accountability. If you have the money you can keep blowing small accounts forever and keep explaining how great a trader you are to everyone who is clueless and is prepared to listen. Doctors and lawyers I think are traditional offenders in this regard. Getting a bad outcome in engineering or medicine, on the other hand, immediately puts you on the spot.
I am not sure if I mentioned him before, but my current favorite is Trader Tom. It's not a plug. His videos are entertaining, and you get the subscription to his signals for free. The dude must be a psycho, apparently he trades sizes that call for 700 British Pounds a pip. Most of his trading videos are about psychology.
I enjoy Trader Tom. He is not a psycho. Being born with a German mother and a Norwegian father, I understand him. To me, he is just a high achiever. Go Tom!