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The mark of a good trader is one who is constantly reviewing, adapting, and
searching for a way to improve the system or method he is using to trade. Some
use the stars and planets, some use timing, some use indicators and some use a
combination of these along with multiple time frames. That neither makes them
successful nor profitable. I just received another add for the Money Machine,
what ever that is. It is now $800 instead of the original $2500. I also
received, in the same mail, a letter about a horse race system that guaranteed
$4000 every ten days of betting or your money back, costs the lump sum price of
$75. Is one offer more valid then the other? Does the difference in price make
one more worthwhile then the other. Williams is out with a new system. He made
6 figures in 3 days. I don't remember the exact numbers. Does that mean that
you can make money with his system?
The system I use is not new. I didn't invent a new miracle indicator or method of
trading. I am no genius and didn't wish to re-invent the wheel. As an
experienced trader, I went through all of the systems, indicators, and literature
around to satisfy my specific needs as a trader. I didn't invent anything, but
the method I use I consider proprietary. I can tell you what will work and what
won't work, but I don't have any intent of putting out there my years worth of
research for someone to use who doesn't have the slightest intent of doing
anything for himself, but will leach off of others. If you are a serious trader
and are having a problem, I will try to tell you what I believe you are doing
wrong. I will try to explain why I feel that your system won't work. I will not
give away what I have done.
There are those in this group that write news letters, hold seminars, work for
prestigious funds and those like myself that will teach and mentor. I don't see
any of them posting their method of selection, their proprietary triggers for
trading, or great buys that they are going to recommend to their clients. The
greatest complainers seem to be those that lay back and want something for
nothing. Every experienced trader on this forum, I believe, is willing to help,
but none are willing to give everything away. Sorry about getting so windy.
Ira.
MRLYNNG@xxxxxxx wrote:
> In a message dated 6/19/99 4:10:48 PM Pacific Daylight Time,
> brente@xxxxxxxxxxxx writes:
>
> << It's
> kind of funny how we fiddle around with the data until we see something
> interesting and we think; "Ah I have an edge now and I can't tell anybody
> about this edge," when in fact that edge may be very common knowledge. This
> is especially true if you are a new trader but you dare not tell anyone for
> fear of losing your edge. >>
> ************************************
> Brent:
> You have hit the nail on the head. Everyone thinks that they have discovered
> a trading secret when all they have done is duplicate MANY ideas from other
> traders. This idea runs rampant on all lists and this one especially.
> However, it does serve one purpose. It keeps us from getting ridiculed by
> others who would say " No big deal, I've been doing that for years" or "I
> tested that and it did not work". The real problem is that the idea of
> secrecy hinders our developement. We get stuck on this one secret and stop
> looking for further improvements because we cannot talk about it.
>
> The biggest secret of all seems to be a "system" or "Delta" or "Astrology"
> etc. If all these people with secrets would be able to discuss these topics
> then we might make progress. And all these traders would find out that there
> is a lot more to the idea than they thought. I will bet that most systems
> have already been published but with a different name. Also most "Delta"
> discoveries are simply variations of the same thing. One person thinks there
> are 12 or 20 points instead of 10 while another feels a trend changes every
> 7 days instead of 10. People probably will not change but if they did it
> would create some lively conversations on this list.
> Lynn
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