Re: Trading Claims.
lol, unless your last name is Pitt, I don't believe you
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The missus
Brad
lol, unless your last name is Pitt, I don't believe you
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Trading Claims
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Re: Trading Claims.
Pitt is sleeping with Jessica Alba, naah...Angelina wouldn't be too happy with that I don't think
lol, unless your last name is Pitt, I don't believe you
Pitt is sleeping with Jessica Alba, naah...Angelina wouldn't be too happy with that I don't think
Re: Trading Claims.
Angelina might be joining in:
Pitt is sleeping with Jessica Alba, naah...Angelina wouldn't be too happy with that I don't think
Angelina might be joining in
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This thread has gone from trading claims to outright fantasy.
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Re: Trading Claims.
This thread is now relevant to my interests
Angelina might be joining in
This thread is now relevant to my interests
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This is the most sensible post here.
tech/a
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Julia for those who have been around a while (no offence!),I agree,but the impressionable seem to be impressed to the point that they even fight for the claimant with no regard to authenticity.
I remember around 9 yrs ago going to this seminar invited by a friend for this B/Box software. Taking notes throughout it was clear all the signals were were Divergence (stochastic) and a simple M/A crossover with a Parabolic SAR thrown in. All this for $12,000.
I questioned at the end of the seminar all this and their results claiming "Up To" 40% / Mth. Wanting proof of course.---Well you should have heard the 200 strong crowd--- you'd swear I had just asked for his bank details.
They just didnt want to know. When we left there were at least 15 people waiting the "sign up"
Here are a small majority here who are really serious about LEARNING to trade. Like all of us were at one time they are very green.
Complexity impresses this seems to be a nuance with most things in life!
So to do some of the outrageous and at time fanciful theories which get bandied around.
Particularly when time and again the inference is made that ---- there's a killing to be made simply by doing "Plan b".
Now sure due diligence is needed but people are going to possibly buy a course or Spend countless hrs persuing a method or indeed rushing out and trading on some of this.
Why is it NOT reasonable to ask a poster who is making claims to the performance of a methodology that in actual fact he is using it and proving by way of statement that it really is his way of trading profitably?
If someone posts up stuff and admits its theory then no problem.
I'm sure you see what I'm getting at.
Julia
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Yes, I do see what you're getting at, and I hate ramping for a similar reason.
And yes, I do appreciate the vulnerability of inexperienced people.
But I think if we are constantly demanding proof of e.g. trades made, then we are altering the ethos of a forum which for the most part aims to be constructive, friendly and helpful.
Dunno. I might be quite wrong. Just don't like the feel of it somehow.
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I don't think people are not going to provide statements and we should not demand them either. However tech I do understand what you are saying and as I am learning myself am cautious of such.
What can be done is ask about their methodology, provide charts and reasoning behind their trade. I've found that there are enough educated people here to decipher the good from the bad.
On that note I thank all the people over the last two years who have stood up against the bad as it has helped me a lot.
What can be done is ask about their methodology, provide charts and reasoning behind their trade. I've found that there are enough educated people here to decipher the good from the bad.
On that note I thank all the people over the last two years who have stood up against the bad as it has helped me a lot.
tech/a
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Well I find it rather strange that Trembling Hand who's post prompted my topic and a few others who at times certainly seem to have the same view havent commented.
Trembling Hand
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LOL I didn't actually see this thread til late yesterday. Too busy trading (sorry will post the statement later
)
tech/a
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LOL I didn't actually see this thread til late yesterday. Too busy trading (sorry will post the statement later
Oh I'm sorry I hadent picked up the sarcasm in your original quote.
Trembling Hand
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I found ASF after I was already trading full time but boy I wish I had found it earlier. There is stacks to be learnt on these pages from experienced and the inexperienced traders. That is of course why we are here, to learn and be part of a community. (and stroke our ego's from time to time).
But there is a danger in some post being taken as more than what they are, hot air. The danger is that peoples lives are effected by financial decisions. Time is wasted following crazy ideas and are lead down dangerous paths. One of the many bits of advice from traders here is to find a mentor but with that very bit of advice I think we are delivering the sheep to the wolves.
As Tech has said 'Complexity impresses' and even harder to unravel without the poster actually showing something. Many a dodgy poster will layer complexity with more complexity as a way of covering up their rubbish. For many this crap stands out clearly but I know for some they fall for it.
I have had PMs and emails asking about my opinion of people and their techniques or why I am challenging someone. A lot of people have been surprised to hear of my suspicion that they don't even trade live. For newbies its not always easy to distinguish between a sensible application and just plan BS. Its far easier for a grumpy arrogant ar$e like myself to ask for proof than someone who is then going to ask for help and guidance.
But with that said I know we will really see anything.
But there is a danger in some post being taken as more than what they are, hot air. The danger is that peoples lives are effected by financial decisions. Time is wasted following crazy ideas and are lead down dangerous paths. One of the many bits of advice from traders here is to find a mentor but with that very bit of advice I think we are delivering the sheep to the wolves.
As Tech has said 'Complexity impresses' and even harder to unravel without the poster actually showing something. Many a dodgy poster will layer complexity with more complexity as a way of covering up their rubbish. For many this crap stands out clearly but I know for some they fall for it.
I have had PMs and emails asking about my opinion of people and their techniques or why I am challenging someone. A lot of people have been surprised to hear of my suspicion that they don't even trade live. For newbies its not always easy to distinguish between a sensible application and just plan BS. Its far easier for a grumpy arrogant ar$e like myself to ask for proof than someone who is then going to ask for help and guidance.
But with that said I know we will really see anything.
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tech/a
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I personally prefer to be toxic.
I certainly DISAGREE with your view on mentors.Ive searched them out in those areas of life where I wish to be beyond proficient.My success in those areas I CAN directly attribute to these people.Far from wolves,in fact they were/are more like a shepherd/s.
I'll give some examples
(1) When I wanted to do my first property developement,I had no idea. I searched out a guy who had done 30 that I knew of. For the cost of a lunch and 3 hrs of my time he showed me how to do a $1mill developement for no $s down and how to risk asses all developements---he even gave me the secret to finding suitable developement prospects---and over the years MUCH more.
(2) For years business just wouldnt expend.
I searched out a business owner who I knew had grown his business from 1 person to 80 people.
Again for lunch and over the years a few dinners,he showed me how to place the cart before the horse.Today we are 3 times our size since my first lunch-- and still growing---even in this downturn!
(3) Trading.
I found someone who is living most peoples dream of trading for a living---its NOT MINE (dream). But this person has to be profitable---its how they live---they in turn for a very reasonable sum have shown me the "secret" to long term profitability.----even in this downturn.
If people can and wish to do whatever they want in life without mentors thats fine but MY advice is if you wish to fast track then be diligent in your search and find them!
True Mentors wont be expensive either---because they LOVE what they do--the passion just ooozes---and they really get a kick out of other peoples success!!---they see it as their own.
Sean K
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I agree with this too. A true mentor passes on knowledge and understanding of how to apply knowledge (I would call this wisdom) and probably gains more from seeing the student grow and develop than from any material reward. I can understand someone wanting to pay to learn from a successful educator, but a true mentoring relationship is not about money for service.
Having said that, I see where TH is coming from. The newbie is just as likely to be impressed by a BS artist and end up deferring to someone who is actually dangerous to their journey.
I think that's where challenging claims becomes important. The real traders here - being in a community which necessarily involves two-way relationships - do have some level of obligation to help newbies steer away from BS and danger. At least I would believe this to be true of those who understand mentoring, and basic decency.
This is what I like about ASF, BS artists are challenged and good traders freely hand out knowledge.
Your not toxic at all Tech --- your just playful ---- in a grumpy kind of way
Problem with Mentors is how do you know if the mentor is the 'right' mentor for you personally? (talking trading, not regular gigs --- mentors for general life stuff is fine, but trading is a different ball game) -----
ie are they just giving you their spin on how the market should be attacked ----
i mean if you or TH or Nick R trained the same 10 punters to trade what would be the odds of any of them becoming successful based on that training alone ......... without personal input and bludy time consuming hard work, all the mentorship in the world aint gona help if the method
a) doesnt suit the individual
and
b) the individual cant think for themselves
Trading successfully is more about hard work and being honest with yourself --- do the hard yards and give yourself an uppercut when you stuff up ---- if after the 10th uppercut ( im on my 5th but starting to throw a few jabs
) your still stuffing up, try a different occupation i reckon --Similar threads
