[HAL9000]

Originally Posted by AbeSmith »

But as traders aren't we enemies? Why help eachother out and make our enemy stronger, when the point of trading is to win?

Abe,

my conclusion on your question would be, that every post, not misleading others, would be one to much.

But somehow, why not just share something, just the things you like;
this is a lonely business, and there is enough on the table to eat.

All of my life, I tried to be honest, and I will go on with this.
I post my opinion, not misleading, or I stay quiet (i.e. I don't lie!).

But, whenever I finally have success, I will be able to enjoy it,
helping poor people who never had a choice.

Or in other words, I try to stay clean, just going my way.

How should I say; greed is not my problem.


Regards,

Hal


P.S.: If everybody is misleading everybody, why do such forums exist?

Why are you still here? (I ask in peace, as food for thought.)

[AbeSmith]

Originally Posted by HAL9000 »

Abe,

my conclusion on your question would be, that every post, not misleading others, would be one to much.

But somehow, why not just share something, just the the things you like;
this is a lonely business, and there is enough on the table to eat.

All my my life, I tried to be honest, and I will go on with this.
I post my opinion, not misleading, or I stay quiet (i.e. I don't lie!).

But, whenever I finally have success, I will be able to enjoy it,
helping poor people who never had a choice.

Or in other words, I try to stay clean, just going my way.

How should I say; greed is not my problem.


Regards,

Hal


P.S.: If anyone is misleading anyone, why do such forums exist?

Why are you still here? (I ask in peace, as food for thought.)

The answer to your question of why such forums exists, is because humans are social creatures. Other transactions between humans are for the most part not so one sided. You pay a carpenter for services, and chances are you both come out winners. In trading, one is the loser and one the winner. I think people come to these forums because by nature, there is a social, symbiotic side to humans, eventhough the trading profession does not appear to me to be symbiotic, except trades done between hedgers and traders.

[thalestrader]

Originally Posted by AbeSmith »

If a trader helps other traders out on how to make money then there is too many people doing the same thing, and the method won't work anymore.

Richard Dennis once said that he could publish his trading system in the Wall Street Journal, and it would not attract enough adherents who applied it properly and consistently enought to change its effectivenes.

I think he is absolutely correct.

Originally Posted by AbeSmith »

For every winner there is a loser in the market, so helping other traders out is helping your enemy. That's the way I see it. I hope I'm wrong.

There is not a winner for every loser.

For every winner there are many losers! And there are more than enough losers (witness Mightymouse and his many daytrading friends) to fund the few who win consistently.

The only enemy you need to conquer is within your own soul.

I was helped by a few folks, and none of them have suffered for it.

I like to think that I have helped a few folks in turn as well. I have not suffered any ill as a consequence.

Best Wishes,

Thales

[bathrobe]

Originally Posted by HAL9000 »

Or in other words, I try to stay clean, just going my way.

How should I say; greed is not my problem.


Regards,

Hal

This is admirable, especially in this business. For me I am sad to say it seems as though it is never enough. There is always someone higher up on the ladder to compete with, I have realized the problem this creates and have tried to take a step back and simply be happy with the way things are but there is always this kind of competition.

As for helping other traders, I don't think even if you trained many on your exact method, I don't think they would all be able to carry it out because they are all individuals who think in their own way, I also think most markets are simply too big for it to ever matter.

[AbeSmith]

Originally Posted by thalestrader »

Richard Dennis once said that he could publish his trading system in the Wall Street Journal, and it would not attract enough adherents who applied it properly and consistently enought to change its effectivenes.

I think he is absolutely correct.



There is not a winner for every loser.

For every winner there are many losers! And there are more than enough losers (witness Mightymouse and his many daytrading friends) to fund the few who win consistently.

The only enemy you need to conquer is within your own soul.

I was helped by a few folks, and none of them have suffered for it.

I like to think that I have helped a few folks in turn as well. I have not suffered any ill as a consequence.

Best Wishes,

Thales

I admire your nice mentality, but I'm not convinced that traders are not enemies. The few folks who helped you might not have suffered from it. But then, someone suffered from your success.

[thalestrader]

Originally Posted by AbeSmith »

If a trader helps other traders out on how to make money then there is too many people doing the same thing, and the method won't work anymore.

For example, I have shared here in this thread and elsewhere on TL exactly how I daytrade stocks. I have sent detailed emails and pm's to a good number of folks here at TL explaining it further (and anyone of them reading this can vouch that at no time did I ever ask for or imply that any compensation was desired, expected, or anticipated, or whatever in exchange for the information).

I have personal friends with whom I have shared the method. I beleive I could publish an article detailing exactly how I day trade stocks in S&C magazine, and it would not change the effectiveness of that method at all.

Some of those traders with whom I have shared it with are doing fabulously well with it.

Some others have tried it and abandoned after a period of time, some quickly, and others anfter painfully long self-punishment attempting to implement it.

And yet others take the same entries on the same stocks as I do, and yet they finish the day with a loss and I finish with a profit.

Why?

Because the mechanics of trading are easy.

Self-control is difficult.

I have mentioned my good friend the spot/futures currency trader, who is fond of quoting Jessie Livermore as saying something to the effect that most men lose on Wall Street not because they don't have brains but because they can't sit tight. They cannot control themselves. The cut profits, and let losers run.

How many times has it been said that the Holy Grail exists, and to find it you have only to look in the mirro, as the Holy Grailis within each and every one of us. It is up to each individual to access the grail or not.

Best Wishes,

Thales

[MightyMouse]

Originally Posted by thalestrader »

I avoid it like the plague because it attracts mostly folks with an attitude similar to the one you displayed in your initial post to this thread.

You know the old saying, "Birds of feather ..."

and of course that other old saw that "Misery loves company." Seems to me you'd fit in better over there.

No need to bring your miserable suspicions here. I have not seen one person posting here in this thread attempt to sell anyone anything. If someone were to do so, then we'd react. You, on the other hand, assume us guilty until proven innocent. Again, that is the ET mentality, not TL.

The fact that you, and apparently all the day traders whom you profess to know have yet to learn to trade consistently is no fault of ours. Don't expect us to wear your black eyes.

Not miserable at all. Realistic is more like it.

Oh no they make money consistently and a couple trade large size; it's just that they don't have back to back to back to back days with 100 trades in a row with no loses. Forgive me; I am just not used to seeing such incredible results from so many people. I guess if I want to keep visiting this thread I’ll have to get used to it..

Personally, I am currently down slightly for the year. I guess I am the loser here at 39% win/loss including commissions. Their win/loss is similar to mine, but they tend to ride a winner better than I can which makes a huge difference.

Lastly, you don't have to get your panties in a bunch if you aren't soliciting anything. You are fooling yourself if you think there are not people on TL who are soliciting.

[thalestrader]

Originally Posted by AbeSmith »

someone suffered from your success.

They'd have suffered with or without me. I didn't beat them. They beat themselves.