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Even a random signal generator can have a winning streak of 20 trades
in the course of 3 months --enough to sell the sale to the
late-90s-boom online trader crowd still lurking about and
now getting into systems (since their cats can't make them money anymore
by walking over their keyboards.)
So they're now collecting technical software, buying systems, following gurus,
and making love with Stochastics and the MACD. Some will have a
winning streak of 20 trades in the course of 3 months. When they give
it all back, they'll begin to realize that the book they need is not
published, the indicator they want is not known, the software they
wish to have is not available, the system they want is secret,
and the only guru they can rely on is themselves.
People who can't help themselves from following other people should follow a boss between 9 and 5, instead.
Wednesday, February 19, 2003, 8:32:14 AM, you wrote:
MB> Hello ,
MB> Recently on another Trading List Trading_Systems@xxxxxxxxxxxxxxx
MB> a few people were making some assumptions about markets and systems. I
MB> figured this was applicable here as well since this list has been
MB> frequented by some of these people. Especially Larry Williams.
MB> I have a few assumptions of my own. One is what's out there and
MB> generally touted as a good trading ideas are in fact not.
MB> The Guru's who hold live trading demonstrations and share their
MB> profits with you are a scam cause if they loose they will send you
MB> some money in the mail and tell you that they kept trading and got it
MB> all back afterwards. In fact what they did was just to give you some
MB> of your own 5000.00 back that you paid them.
MB> That systems like CatScam and Abortion were specifically targeted to
MB> weak minded people looking for a short cut. When in fact it would
MB> take me or anyone I know who knows about systems longer to un educate
MB> and explain why things fail then to lay out what works and why. It's
MB> like an unspoken understanding amongst a small peer group, in which a
MB> look at each other can say "This thing is Junk" they have no clue.
MB> So if I were to start all over gain I would belive nothing and start
MB> fresh and assume that anything known was something I would not pursue.
MB> At the very least if it has a cost applied to it forget it. I have
MB> made a very powerful statement here. I was once told by a guy I
MB> respect that he heard a guy who I do not respect say. The value of a
MB> system is directly inverse of it's cost. Supposedly that statement
MB> was made by John Hill of Futures Truth. Go figure.
MB> So you can thank me for eliminating at least 90 percent of you wasted
MB> time looking for a good trading method, Right?
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