How come nobody likes to share?
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thread: How come nobody likes to share?

  1. #1
    Javirex888
    Guest

    How come nobody likes to share?

    Now I thought, and it occured to me that most traders are unwilling to share the details of the methods they use to exchange. Why is that? And I have to admit I'm just as guilty as anyone. It appears to me that this type of thinking is self-defeating. I mean, if a significant number of traders were trading your own system, with your signs, wouldn't you be more inclined to be on the side of a motion in the market?

    Why don't more traders stick together? I mean look at what is currently happening in the Firebird thread. The machine is free and a fantastic number of traders are working to enhance it, the results seem promising. Why don't more traders do that?

  2. #2
    paco6915
    Guest
    For me personally, I attempted to talk about a method on a different forum and although numerous people were curious, my thread was always disrupted by those who were afraid they would lose their pro status if somebody was allowed to place something new and different which really worked.

    I was accused of trying to promote something, of being 10 different people about the forum, and all sorts of crap before I just gave up. I got lots of PMs from people who were curious, but that is the first article I have made anywhere because then and I'll never attempt to introduce anything.

    Now, I'm a forex newbie who's really trading successfully and has been willing to help other newbies prevent the paying your dues snare, but why should I go through all this despair for nothing?

    I was on still another forum awhile back in which the same thing happened to somebody else. He was speaking about fundamentals, and so was willing to teach. The response was huge, until he just stopped submitting, but the hallway tracks kept harrassing him.

    The monitors and their groupies are so afraid of losing their status, not to mention worried that somebody may sell some thing, which successful traders are not likely to waste their time and energy. That is why is variations of indior egies from other wannabe's. They don't work, they never functioned, and they will work, no matter how many hours you invest backtesting them. But if tries to tell you about what does work, they will be accused of guerilla marketing.

  3. #3
    raqwl.deji
    Guest
    Ok, it's my first post here I'd like say'hi' to everybody and thank creators of this forum to get their hard work.
    Now, when it comes to sharing I must disagree with Merlin. You state that exits might be problem because more people will be closing the exact same place, but you seem to forgetting exactly what happens between entries and exits: there are other people (and egies) trading which mostly HAVE to decide on your leadership. If you went and moved the market upward, someone got margin call, someone else got SL hit, bunch of others got long signal with their egies and some got signal to close short position. All of them moved market in your direction just a bit. This'little bit' caused some more new longs, margin calls and SLs hit. So yes, when a lot of individuals trade the same egies, you might get slippage when launching or closure but between market will move just a little bit longer than it would without you. The reason that people don't share is greed or maybe fear that their hard work will go to waste. It's not discrection (mostly) as someone said that expert advisors don't work. Ed Seykota proved they are currently working, Michael Coven in his'Trend following' proved they are used by the big and exact same institutions.
    All the best,
    Lucky
    im not clear on what you're saying here. Are you asserting that individuals trading the system actually improves the system? If so of the traders in the world beg to disagree.

  4. #4
    raqwl.deji
    Guest
    Fred Gehm states in his book, Quantitative Trading and Money Management:
    bravo about the quote!

    This book changed the way I looked at trading.

  5. #5
    raqwl.deji
    Guest
    You've got to understand that matches or market wages is a scarce commodity. There is not an infinite quantity of size at each price. There will not be some slippage if 1-3 folks are trading in some. If 1-3 thousand are all trying to have filled at precisely the same price, you may see herd behaviour. Some will jump in front a pip or two to beat out everyone else. A liquidity vacuum will be generated in these prices, and the majority will get slipped pips.
    Great post, I missed this earlier. . .this is exactly the issue. Entry and exit will suffer from mass trading of the system.

  6. #6
    Karim6191
    Guest
    My take is:-

    We're all Retail traders, we're all on the exact same side, we should no we MUST help out each other, if we're going to really have a chance of making it big and that I want to bring people along with me, as others have helped me in the past, and there be no honour in not.

    End of the Day that the Big players ALL Make $$$'s, how do they All year out earn $$$'s?? Answer is they fleece the new money that comes into the markets, who supplys this money??? Yes it is joe Public Retail trader trying to forfill there dre and lets face it alot put 100K in, blow it in 6months and very, very few become profitable.

    BUT.... When we began to take there $ $ and all worked together's, there not dumb they'd quit playing the markets could die, then we would not have the ability to earn $$$'s. LOL


    Catch 22 hello, but chances on that are extremely slim, so help I away say.

  7. #7
    Karim6191
    Guest
    Trendfund.com is a prime Case, they had such a Massive following ( Provided That Waxie the main Person was there ), they would literally, Counsel a stock to there paying Clients, then pass advice to all Email subscribers, and 9 times outta 10, would literally make the stock run from all the 100,000 Totally Free Associates LOL

    Good Scam, Demones that on mass Joe retail can move a market ( well atleast a low volume stock LOL )

  8. #8
    Gpk_cartero
    Guest
    The past couple of times I've shared the LEECHES became a burden.

    Could you plan this for me? Do you have this in MT? Do you have this in plaid? Can I do this in Navy Blue?

    The best method in the world AN IDIOT = shedding system. The lack of dicipline will ensure failure with the best of systems.

    Those who are too lazy to understand and have dicipline and only want quick free cash. . As the fantastic book says The fool and his money are soon parted. While assist and I love to share and I have discovered; I might be contributing to the fool and his money parting quicker. .

    The Leech to helpful postings ratio is horrible. .

  9. #9
    Gaxxego235
    Guest
    Reference posts 25, 26 29. The two very good commodities to exchange but that one is best. I have researched this question and beleive margarine is your instrument that was prefered since it is a spread.

  10. #10
    Karim6191
    Guest
    TwoBlink, it's also true, I've tried to prevent a few people from blowing there 100K ( that the Media's you want 100K to start with, actually reads residue 100K here ), tried to prevent them just trying to get reversals everytime, see as they accept $40 profit and get out as there scared, then shed $2000 on the next transaction.

    Even trades his account , made him a number of his $$'s back, but he is dependence / greed meant he soon stopped this as it wasn't getting his 100K back fast enough, never saw his 20% cut ofcourse. ( back when I was doing great on YM )

    End of this day that they don't hear, they all think they know better.



    As the old expression goes No Good Deed Goes Unpunished



    ( atleast I'm over all up 4K nevertheless, crap for 5years but hello, been fun, had a Fantastic run on options thankfully, subsequently dismissed a 10K account in two days, avoid Options LOL )

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