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Re: Altruistic traders - why?
I initially joined this forum with a limited knowledge of trading derived from jumping into the stock markets. I only just started trading futures and its a different experience and I'm only keeping my head afloat at the moment while I iron out kinks in my strategy. I believe that the majority of people which join the forum and don't contribute by way of posting just use the posts here as an educational tool.
I don't have any problem with someone else wanting to learn, and by teaching someone else I believe that you not only have to be objective about your own learning but that you will learn more as well at the same time.
While there is always going to be a disparity in the levels of experience that traders here have, the one thing that binds the forum together is that everyone no matter how well they are doing wants to keep on learning.
I asked myself often: Why would James put up his videos showing his entry and exit techniques; why would he offer this forum as a learning tool to so many people?
The answer that I came up with was that, James is putting his own cards down on the table so to speak and he is holding himself accountable to thousands of people he's never even met who can critisise him for his techniques, so therefore he is receiving back not just giving.
I might not have been as technical in all of my posts as some of the other experienced traders here, but when I have posted something serious, I try to be as helpfull as possible.
As to the doc's question: I think a speculator is simply someone who takes a position in a market with no underlying interst beforehand based upon a set of supposed facts which they believe will arrive at a pre-determied outcome which they aim to profit off.
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