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Let me see if I understand your position correctly:
If a profitable and successful trader decides to offer training or other
services to other traders for a fee, this trader becomes less of a trader,
or in fact is no longer a "trader" at all and should not be respected as
such...
If a trader is profitable and successful, then it is his/her obligation to
"freely share" their ideas/methods with other traders...with "freely
sharing" meaning just out of the goodness of their heart with no fees or
other charges for their services...
If my understanding is correct, then this is ludicrous and sounds like it's
right out of the liberal entitlement playbook. There are many reasons for a
successful trader to offer services to other traders - desire to help
others, desire to derive additional income for their expertise, or possibly
most important is the fact that teaching can improve your own trading. And
fortunately for me there are a few traders who do just this.
I realize there are many charlatans who couldn't trade their way out of a
shoe box who offer worthless services, but to paint everyone with the same
brush is as ludicrous as the above mentioned position you took on this
topic.
As for your other stated reasons which claim that doing both intraday is
logistically impossible, I once again beg to differ. Unless you are trying
to follow 1000 stocks or every futures market there is, I see no problem as
far as time is concerned. I trade the indexes primarily and do my homework
each night and then trade the price action each day. No further time is
required for "market analysis/research, trading plan
>development/enhancement, risk reward analysis, money/account management,
>personal trading system development/enhancement, trade entry/exit, stop
>analysis/placement, chart analysis and related activities".
You do have a valid point as far as order entry is concerned, but there are
ways to deal with this issue as well.
I will close by saying that just because I can't do something, it doesn't
mean that someone else cannot. Unless you happen to be Michael Jordan,
Michael Shumacher, Pete Sampras, etc., there will always be numerous people
who are better than you at whatever it is you are trying to do. And if one
of those accomplished people is willing to share their ideas or experience,
for free or for a FEE, I am all ears.
Bob
-----Original Message-----
From: Tom Bowen <trbowen@xxxxxxxxxxxxxx>
To: omega-list@xxxxxxxxxx <omega-list@xxxxxxxxxx>
Date: Saturday, June 10, 2000 9:00 PM
Subject: Re: Linda Radish
>I strongly agree with Paul's comments. It makes one wonder where these
>people, who claim to be professional traders, find the time to indulge in
>these extraneous activities. As a professional trader my time is totally
>reserved for and consumed by market analysis/research, trading plan
>development/enhancement, risk reward analysis, money/account management,
>personal trading system development/enhancement, trade entry/exit, stop
>analysis/placement, chart analysis and related activities that will enhance
>my abilities/skills in trading the markets.
>
>We should reserve our respect for traders who make their profits from
>trading the markets and who are willing to freely exchange information
about
>trading with other traders regardless of the platform involved. If someone
>wants to be a chat room administrator, list administrator, newsletter
writer
>or whatever and charge a fee for that service then, by definition, that is
>their chosen profession. If they have chosen an alternate profession other
>than trading they should not profess to be professional traders. Life
>offers us the opportunity to achieve above average excellence in one
>profession at a time. Those of us who consider ourselves to be
professional
>traders reserve the right to withhold our participation in the activities
of
>non-professional traders. We must exercise that right and ignore the
>unprofessional behavior of those who wish to extract their profits from the
>labors of honest hard working professional traders.
>
>Omega-list is supposed to be a platform for professional traders to freely
>exchange trading information, ideas and concepts with other professional
>traders and to freely assist new folks entering the trading arena. It
would
>be greatly appreciated if the folks indulging in non-trading professions
>would restrict their activities to non-trading platforms. You would not
use
>the family automobile to transport large appliances great distances so
>please do not use our professional trading communications platforms to
>advertise your non-trading activities.
>
>----- Original Message -----
>From: "Paul Newton" <paluap@xxxxxxxxxxx>
>To: <omega-list@xxxxxxxxxx>
>Sent: Saturday, June 10, 2000 7:11 PM
>Subject: Linda Radish
>
>
>> I have a feeling that Linda and her buddy are good traders, but I have
>never
>> understood how they can watch a bunch of markets, keep their chat stuff
>> alive, and manage orders at the same time. Makes me feel inadequate I
>guess.
>> The thing that gets me is the number of people who show up for the once a
>> month free chat (there I have advertised for them!). We are talking
>> hundreds, of which a few will subscribe...........yes the chat income has
>to
>> be a big, and nice, consideration for them. I too have noticed some
>> discrepancies between their monitoring of the "news" and its effect on
the
>> market, and that makes me wonder how much trading is going on vs. chat
>list
>> maintenance.
>>
>>
>>
>>
>>
>
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