nine
Senior member
- Messages
- 2,042
- Likes
- 509
liam,
Acting on others' tips etc is a classic early stage of learning to trade. Almost as bad as taking recommendations from a broker. Hence the response.
You might consider the 38 steps in Useful things I've found on the net
Acting on others' tips etc is a classic early stage of learning to trade. Almost as bad as taking recommendations from a broker. Hence the response.
You might consider the 38 steps in Useful things I've found on the net
theroguetrader
Well-known member
- Messages
- 407
- Likes
- 36
" Just looking around for sites that have the latest market rumours and what shares to short and go long on "....!!
some people will just NEVER learn.....!! :-0
some people will just NEVER learn.....!! :-0
dbphoenix
Guest Author
- Messages
- 6,954
- Likes
- 1,266
I'm sure LIam is a wonderful, good-hearted person with the best intentions. But after playing this scenario so many times, one doesn't need any special gifts to tell his future. And it's a shame.
Trading sites seem to carry with them the seeds of their own decline. This may be inevitable. Based on the last fifteen years' experience with the internet, it certainly seems to be. Perhaps this decline is hastened when those who run the site don't use it. I haven't been a part of enough trading sites to say. But it seems logical.
Remember when EliteTrader was a great trading site? Real traders posted there. Vad Graifer and I got to know each other there. And now? It's indistinguishable from the Yahoo message boards. Has been for a long time.
Trading sites need traders. It's the traders who attract other traders. They also, of course, attract those who want to learn to trade. But, at some point, they become overwhelmed by the Gimmees who have no interest in making any effort beyond taking whatever the traders are naive enough to give. Add to this the mobs of hucksters who sniff out the congregating Gimmees -- due to the Gimmees' eagerness to be fleeced -- and it should come as no surprise that the traders seek the company of other traders, usually elsewhere.
Ironically, the business of a trading site need not be trading. It need only be -- like any other site -- views. For that, a site need only give the appearance of being focused on traders and trading. And how will newbies know the difference? And if the newbie happens also to be a Gimmee, he won't care. He just wants. Just look at the extraordinary amount of traffic that ET gets. But then look at The Jerry Springer Show.
Can any of this be avoided? No idea. But the trader is wise not to get too settled in, to keep his bags packed, and to maintain contact with those who aren't perpetually asking Where do I enter?
