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| dkatz 64 posts msg #44660 - Ignore dkatz |
6/6/2006 10:19:33 AM There's the issue -- "high probability trades" ... as anyone who has studied the ebb and flow of any security knows, be it short or long-term, high probability is very, very hard to find. Having found it, most people would not be inclined to share it. Imagine finding a gold mine and then, out of the goodness of your heart, granting access to anyone with a $1,000 check in hand. Not bloody likely. Human nature is built into the market in the form of fear and greed ... the calm, centered, secure, saintly trader willing to share the key to their own hard-won gold mine is even more rare than high probability trades. Just my opinion, of course. |
| alf44 2,025 posts msg #44661 - Ignore alf44 modified |
6/6/2006 10:50:56 AM ...also, consider this... ...even IF you HAD in fact discovered a "Gold Mine"... ..."The Holy Grail"... ..."The Keys to the Kingdom"... ...the trader that could actually take what YOU had discovered and made your own...and profitably trade it for his/her self...would be extremely rare. imo I think that IS why some professional traders DO choose to sell their systems and methods...because the chances are slim (unlikely) that anyone out there will trade the "system" in exactly the way they do. So, therefore the chances of it (ie. selling their "gold mine") having ANY adverse effect whatsoever on what they do is miniscule ! Regards, alf44 |
| dkatz 64 posts msg #44664 - Ignore dkatz |
6/6/2006 11:17:06 AM good point, it's hard enough to follow one's own personally developed rules, must be even harder to follow someone else's ... interesting ... I hadn't considered that angle |
| TheRumpledOne 6,411 posts msg #44692 - Ignore TheRumpledOne |
6/6/2006 9:44:03 PM markcrisp - Ignore markcrisp - Report offensive post 6/6/2006 5:26:49 AM TRO so on this premise why aren't you? ------------------------------------------------------------------------------ When I see someone selling trading systems, the first thing I think is "if it was any good then why aren't you on a tropical island or beach?" ----------------------------------------------------------------------------- So funny you ask that! I was in Ft. Lauderdale a couple of weeks ago (beach) and currently I am at my ranch in Bandon, OR (5 miles from the beach). Chances are before the end of the month, I'll visit a Mexican beach. Does that answer your question? |
| alf44 2,025 posts msg #44695 - Ignore alf44 |
6/6/2006 10:15:20 PM ...YES ! I guess..."Life's a Beach" ! LOL |
| BFreshour 139 posts msg #44702 - Ignore BFreshour |
6/6/2006 11:17:57 PM LOL :) |
| markcrisp 187 posts msg #44707 - Ignore markcrisp |
6/7/2006 3:30:54 AM it's not just that.. a trading method is so personal. Ask 1000 traders how they trade and I'l lguarantee you'l lget 1,000 different ways with various nuances. It's a bit like choosing awife/husband/partner...there is no hard and fast rule. But if an experienced trader let me access his "thoughts" "ideas" for a small fee I'd jump at it. Maybe not to copy it but knowledge when apllied is power. |
| guru_trader 485 posts msg #44708 - Ignore guru_trader modified |
6/7/2006 5:58:10 AM Isn't it helpful for each of us (or groups of us ... SF members) to come up with our own unique trading systems? The fewer people who use your system, the more likely it will work relative to everyone else. The more people who use your system, the less likely it will work for everyone involved because the effect will be diluted among those people. For example, if every trader used only the MACD in exactly the same way, it would be hard to stay ahead of the curve and beat other traders to the money. However, if everyone (group) used their own unique indicators wouldn't that be an advantage to that person (group) relative to everyone else? Side-note: Fortunately, TRO's trading systems are not spread out all over the net ... so, I doubt TRO's giving out his best trading systems are putting any of us (including himself) at a disadvantage. Additionally, because we all have different goals and resources available, its unlikely that all of us would use the same "holy grails" in exactly the same way on exactly the same stocks. That's another reason why it doesn't hurt us to share. |
| Koronbock 201 posts msg #44715 - Ignore Koronbock |
6/7/2006 12:01:57 PM Hi there, just want to comment on the topic of the "Tropical Island". Why is it that most so called "successful people" will NOT retire to a tropical island, even if they have tons of mony, wherever and however they made it. I have been fortunate enough to meet some of these people, some of them DO share their "secrets" even though one never knows if what they tell you is the REAL story or not. But that is not the point. When I look at the people I just described WHY in the hell should they start an utterly boring life aka "Retiring at the beach", (or playing golf for that matter) watching the palm tree in their front yard, eat and drink too much, lacking a real "meaning of life" and nothing to contribute etc. etc. Their friends will notice their mental and spiritual decline and off it goes along the road often travelled: complacency leads to mistakes, sharpness of mind goes down the drain, challenges are lacking, the person becomes just as boring as the lifestyle, social life will be poorer and poorer. The list goes on. Why aren't Bill Gates or Steve Jobs retiring (they could have retired decades ago, with all the money one could ask for)? Because the LOVE what they are doing, regardless of money. At the most, money is a side issue for them, but not the centerpiece of their life. Here is a nice story from Steve Jobs (founder and CEO of APPLE) which examplifies the issue beautifully. Read the text, espeicailly the last two stories. http://news-service.stanford.edu/news/2005/june15/jobs-061505.html |
| cldawson 3 posts msg #44718 - Ignore cldawson |
6/7/2006 12:59:32 PM Taking notes here:) I consider myself a 'newbie' and have recognized a few in here such as Avery, The Rumpled One and the 'Genius' myself. I bought into Stock Signal Pro and that was nothing for me. I'm taking these filters in here and putting them into my Stockfetcher program now. I have written my own which are worded more like the ones in Stockfetcher and I do find stocks but having gone into this 'filter exchange' I recognize how much help I need...lol. These guys that are willing to put that into out here are the best:)....and I will be listening. THANK YOU all:):) |
| StockFetcher Forums · Filter Exchange · If you really found... | << 1 2 3 4 5 >>Post Follow-up |
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