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Eric,
I just got stopped out of my Coffe trade, and after 7 straight losses I am
getting really depressed.
I think I am going to read you post a couple of times.
But for now, I am taking a VACATION from trading :(
Regards
Stig
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>> Each day I read here about people who are struggling to trade for
> themselves, people who are losing money, people who have bought dozens
> of systems and newsletters, people who are looking for the easy short
> cut to the holy grail. All I am saying is that if their goal is truly
> to make money in commodities, some of those people would be better to go
> a different route. Just because it is a "traders" forum, doesn't mean
> other related ideas shouldn't be mentioned.
> As traders, we all play a percentage game. We are trying to use the
> methodology and take the trades which have the best chance to be
> profitable. It is all odds.
> Well, the odds are HEAVILY stacked against the individual trader. That
> is a fact. The odds are against making money with a small account, the
> odds are against making money without a great deal of experience and
> discipline, the odds are against making money without alot of "trading
> resources" at hand, the odds are against making money trading on a part
> time basis, the odds are against making money from a methodology/system
> sold by a public vendor. These are all realities and we are supposed to
> be trying to get the odds on our side. Of course, individuals can and
> do make lots of money in some cases. Some of the people in this forum
> are those profiteers, but most are not. And some of those that aren't
> may need to face reality a bit.
> Far from "asking everyone to give it up", I am simply saying there may
> be a better way to profit in the commodities market. Finding a
> reputable CTA or fund who has been in business for awhile and been
> profitable MAY be that better way. The vast majority of individuals
> cannot "improve upon" the systems or performance of the top CTA's over
> the long term.(of course, some can, but look at the odds) They simply
> do not have the resources or experience to do it. And they will
> generally spend an incredible amount of money to learn the lessons that
> need learning.
> Yes, this forum is for us to help each other to learn to trade for
> ourselves. I am trying to do that by simply hinting to everyone that
> there may be a better way to slay the dragon. David VS Goliath is
> romantic but what are the odds?
> Obviously, this advice is NOT for the many traders here who already have
> a strong, well reserearched, successful methodology; but it is for the
> many traders struggling to learn and losing and getting ripped off by
> vendors, etc.
> I am a CTA who manages money (and I have never solicited here or even
> mentioned the name of my company, and I will not now) but, the point is,
> I also trade money as an individual using different systems AND I have
> personal money placed with other CTA's because I know my own
> limitations.
> All I am saying is people should forget the ego trip of "trading", and
> honestly evaluate the odds of success and make your choices accordingly.
> Sorry if this sounded preachy, that isn't my intention.
>
> Good Luck,
> Eric
>
> RL2946 wrote:
> >
> > Eric,
> >
> > This is a forum for traders, including commodity traders.
> > Please refrain from asking all those traders
> > to abdicate responsibility for their trades.
> > Anything a CTA can accomplish, each individual
> > here can learn and perhaps improve on.
> > Perhaps you know something about the business
> > of trading commodities that will be beneficial to
> > the group, short of asking everyone to give it up.
> >
> > Have a profitable new year.
> >
> > Rory Lewellen RL2946@xxxxxxx
> >
> > --------------------------------------------------------------->
> >
> > There are people out there who will provide details about their systems
> > to you, watch the markets all day for you, trade your money for you and
> > do your accounting for you, all for a relatively small portion of the
> > profits.
> >
> > They are called CTA's.
> >
> > If you want the excitement of trading, fine, but if people are serious
> > about making money with futures, the forget looking for the holy grail
> > yourselves, find a GOOD, REPUTABLE,REGISTERED CTA, and invest with
him.
> >
> > Granted, good CTA's are not a dime a dozen, but it is much easier to
> > find a good CTA than to find a good trading system that is for sale to
> > the public.
> >
> > (No Niederhoffer flames please, we all know that in the world of CTA's
> > who have been around for awhile and performed, he is an extreme
> > aberration and no one says this is low risk)
> >
> > Eric
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