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Well said ..
----- Original Message -----
From: "brian.z123" <brian.z123@xxxxxxxxxxxx>
To: <amibroker@xxxxxxxxxxxxxxx>
Sent: Tuesday, March 13, 2007 6:41 PM
Subject: [amibroker] Re: Seward Trading
> Hello Dave,
>
> I hope you don't mind my uninvited comments; you aroused my empathy.
> If you are not looking for advice don't read on.
>
> Note! my comments are nothing to do with Mr Seward's site which I
> know nothing about.
>
> Loss of confidence is a fatal blow for most.
> If the mentor you chose is a fake, your confidence will fall even
> further, and you will almost certainly be finished.
> Your honesty and search of a positive way out is your hope.
>
> I have personally only paid for one trading seminar, and 2-3
> electronic trading systems, or courses, and they were all duds.
>
> I did recently meet an Australian trader who I would be happy to pay
> the $3k for, if I needed a mentor (please - no one ask me for a name,
> I couldn't bear being responsible for a trainer endorsement), so
> there are some good ones out there.
>
> The market does not beat us; we beat ourselves.
> Attitude is at the root of the problem.
> The most common attitudinal failing I observe is lack of patience.
> Everything we do today is fast, fast, fast and we want it now.
>
> New traders are going to actual trading far too soon.
> It takes years to learn to consistently trade well.
> Of course it is not a problem if you are playing with 10K and that is
> only pin money to you.
> Knowledge is power, power is confidence.
> Lack of confidence is based on lack of knowledge.
>
> In short, not with the desire to be cruel;
> you didn't know what you were doing and you got found out.
>
> Mechanical system trading, while being the easiest method in some
> ways, is actually the hardestway to trade of all.
> It is easy, because, like Amway, once the work is done it stays done
> (you don't have to keep poring over company financials for example).
> On the other hand, an understanding of EVALUATION AND MONEY
> MANAGEMENT is crucial, and this is a very difficult subject.
>
> If you follow this board, you will know how easy it is for seasoned
> traders to get into a heated argument over the right and wrong way to
> go about that.
>
> Note that everybody says MONEY MANAGEMENT,MONEY MANAGEMENT, MONEY
> MANAGEMENT but I added EVALUATION because when the techniques of
> system evaluation are understood, MM falls into place automatically.
>
> If you can come to understand E + MM like the back of your hand your
> confidence will be back (after a lot of paper trading and
> backtesting).
>
>
> Another way out, might be to choose an easier method to start again
> with e.g. Ed recently endorsed Techno-fundamental trading in the
> forum, which I believe is a lot easier and more forgiving.
>
> Finally, anyone who is starting out could do a lot worse than pay for
> a mentor to start them on the right foot.
> If they go it alone they will end up paying with losses and time
> anyway.
> Provided of course a good mentor can be found; that is the rub.
>
> I hope it works out for you and that you are not trading with money
> that you can't afford to lose.
>
> BrianB2.
>
>
>
>
> --- In amibroker@xxxxxxxxxxxxxxx, "davelansing2004" <d.ankrapp@xxx>
> wrote:
>>
>> Has anybody purchased Bill Seward's course featured on the
> Amibroker
>> website? My trading has been dismal for quite awhile and so I'm
>> willing to purchase a reputable methodology in order to get back on
>> track, money-wise, while trying to get my confidence back.
>>
>> Thanks.
>>
>
>
>
>
>
> Please note that this group is for discussion between users only.
>
> To get support from AmiBroker please send an e-mail directly to
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>
> For NEW RELEASE ANNOUNCEMENTS and other news always check DEVLOG:
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