rawrschach
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She is infinitely more civil than most visitors to the zoo.
She is infinitely more civil than most visitors to the zoo.
It was an allusion to establish the context with which I used the term 'visitors'.
You're doing quite a good job of justifying their opinion of us tbh.
If you should like me to spell it out for you, most visitors from citybulls come here and tell us how stupid we are and that, no, they will not enlighten us.
Compared to them, ccclarette is an angel.
This website is not about “traders helping traders”. Instead it is a vehicle to enrich the owner, staff, and advertisers at the expense of the membership. The site makes its money from adverts. The adverts are placed by entities who provide “services” to members. With the exception of bona fide brokers who deal with clients on an execution only basis, all of these “services” involve profiting at the expense of the members. The bucket shop brokers and spread betting bookies make money when members lose on their trades, and by offering worse prices than the real market. The vendors offer a service to people who will pay more than it is worth through ignorance. Paid mentoring is a scam as the mentors do not know, and the correct teaching is so valuable that it would not be sold by those who do know.
If all of this is done honestly I see no problem. The market involves the proficient being enriched at the expense of the derelict. I also have no entitlement to a soapbox here. The site owner is not required to publish my views. I am not making unfounded accusations or suggesting anything improper – simply explaining that there is an entire industry devoted to separating aspiring traders from their money, and that this site makes its revenue from advertising provided by such an industry. As a result the owner has no incentive to improve the quality of the membership here, only to increase the quantity of membership to generate more page impressions. This is business.
From the trading/education viewpoint, the post elaborated on a distinction between informed market participants and uninformed market participants and how most retail traders fall into the uninformed bucket, the premise being that informed traders will always wipe the floor with uninformed ones .
I use the term informed in the Larry Harris sense below - someone who can correctly price an instrument in a market at any time and capitalise on deviations from this price caused by uninformed traders.
http://www-rcf.usc.edu/~lharris/ABSTRACT/Zerosum.htm
Setting the expectation that there are few informed traders on this site to learn from was not unreasonable.
Personally I would welcome more posts from Clarette, especially if they are informative in making the transition from uninformed to informed trading.
As I said, I've been trading for 12 years and I am not profitable yet... so maybe that is why I don't find it that offensive
ccclarette658's comments about trading and the markets are relevant, interesting and worth noting.
However, when it comes to 'agendas' and who has them, one has to question the motives of a member with a mere 22 posts who devotes a significant chunk of Christmas day to trashing the site! I have reported the post to the moderators for making wild and false allegations about the the site, its members and staff. The comments are so wide of the mark and fanciful that one has to assume it's some sort of joke, albeit in poor taste and distinctly lacking in Christmas spirit.
Additionally, I am here to help in any way I can. Good luck with your journal and your trading in 2010!
Tim.
Thank you for your endorsement. I am pleased you approve.
I trust by Christmas spirit you mean considerations beyond following the teachings of Christ? So sharing the benefit of my specialised knowledge and experience with an aspirant who may benefit intellectually, emotionally, and financially as a result of considering my comments isn't in the Christmas spirit?
So wide of the mark and fanciful? From the same poster who wrote comments which were relevant, interesting, and worth noting? Say it ain't so Joe....
You have just demonstrated the extent to which you are capable of helping an aspiring trader. As luck appears to be a determinant of trading success within your frame of reference, I also wish you good luck in any trades you may elect to place in 2010.
I am very bizzi and having a whale of a time abroad at the moment. I return home at the beginning of 2010 to continue with The Games. I may visit from time to time.
I hope and expect my comments have been helpful and I am gratified by the exercise.
I shall leave the others to cogitate on why the only traders who could help you choose to leave you to your fate.
After an inferior man has been taught a doctrine of superiority he will
remain as inferior as he was before his lesson. He will merely assume
himself to be superior, and attempt to employ his recently-learned
tactics against his own kind, whom he will then consider his inferiors.
With each inferior man enjoying what he considers his unique role, the
entire bunch will be reduced to a pack of strutting, foppish,
self-centered monkeys gamboling about on an island of ignorance. There
they will play their games under the supervision of their keeper, who
was and will always be a superior man.
I am very bizzi and having a whale of a time abroad at the moment. I return home at the beginning of 2010 to continue with The Games. I may visit from time to time.
I think socco had his fun and moved on. He must be most pleased with the result. Especially with the fallout between the T2W ''staff '' .
I'm not sure whether you are referring to same one that am thinking of. The purple quotes and the term "bizzi " ring bells.
I'd heard that he'd got shipwrecked, though.
Thanks for honestly admitting that you hadn't read all of her post. The reason for her anger is probably that on forums even a polite person like you was commenting on her post without first having read all of it. But often what happens is worse: you put a lot of effort into your post and you get superficial replies, with sarcasm and a smiley, and depending on the forum and on the moderator you could even get banned (not here). For example, I disapprove of the two posts above mine, which seem to be laughing at her/him. It doesn't matter who he/she is: his/her posts deserve respect (because they're respectful).I hadn't read your post...
...The real reason that you have posted is an unknown factor for us....
Cool, dude! :clap:
Thanks for honestly admitting that you hadn't read all of her post. The reason for her anger is probably that on forums even a polite person like you was commenting on her post without first having read all of it. But often what happens is worse: you put a lot of effort into your post and you get superficial replies, with sarcasm and a smiley, and depending on the forum and on the moderator you could even get banned (not here). For example, I disapprove of the two posts above mine, which seem to be laughing at her/him. It doesn't matter who he/she is: his/her posts deserve respect (because they're respectful).
However, as I said before, here there's more politeness than on other forums, maybe because it's British. Also, you get bothered less if you're writing a journal, so maybe clarette could write a journal. If you want to write useful things for traders there's plenty of room on a forum. But maybe she doesn't want to reveal her secrets to a potentially disrespectful audience, and I can understand that. But what she does say is better than average so I recommend it each time.
By average I mean this:
I also noticed and wondered why some of the longest journals and threads were written by people who are now banned. So she might have a point about that as well, or maybe this happens because the more you write the more confident you get, and then if you get cocky you might even push your limits. Or maybe you get tired of having to write a thread or a journal, and write something that will get you banned, so you will be excused from having to write it. I can see that the more I write the more daring I get, so it might be the case with others as well.
I am aware that I am fighting a pointless rearguard action however I have chosen to give up some time on Christmas day in the spirit of charity. It will not take much time to say this, and it may help the thread starter and others.
I have just seen this. I will tell you the truth. I may be the only one who will. I cannot do more.
If you wish to engage in gambling then you should expect to lose money. You are quite welcome to gamble for leisure on the ponies, at the bookies, on the National Lottery, or in the financial markets to the extent you are able to meet your obligations. If this is your objective then please be honest with yourself about it.
However, I can see that you actually do wish to profit from these activities. You have no legitimate expectation of profit. You state that you are new to this, and your other posts ask basic questions about which broker to use etc. You are a beginner. This is not an offensive comment, but a statement of fact. As a beginner you do not have the knowledge, skills, and experience to profit in what is ultimately a ruthlessly competitive business. None of us were born knowing, and we all had to begin at the beginning. There is nothing wrong with this. What is wrong is approaching the market with a flippant and disrespectful attitude, expecting to profit at the rate of 10% per week without any serious commitment, impatience, greed, etc. This is not the way a professional would conduct herself, and it alienates you from the very people who could help you.
I suggest that some humility is in order. I also suggest that frivolously gambling in the markets in the way you propose shows a lack of gratitude for your wealth. It is not my place to pass judgement on this, just some food for thought. It does not bode well that you look to others for answers to the basic questions rather than taking responsibility yourself. Equally you show signs of recklessness and impatience. Do not ignore the wisdom of those who have gone before you. This post is a caution to all beginners.
You are immediately at a disadvantage as you do not have the correct knowledge of how the market works. You have not developed the skill of accurately forecasting future prices in very fast, very liquid markets. You do not know when to enter and exit trades, how much risk to take, where to exit when you are wrong, etc. Additionally, you will be subject to emotional issues when risking your capital, even in small amounts. Without the correct foundation you will not have the ability to handle your emotions and behave correctly. In short you will not succeed if you choose this route. If you wish to succeed, the market demands more. Much more.
I will tell you a little more about this website, and other similar boards. Here there are around 150,000 members. Of this amount, around five are truly expert traders. Three have been banned. One removed his posts when it was demonstrated that the membership were an unworthy rabble. An additional dozen or so have a high level of understanding of the markets. These members do not contribute for reasons which will become obvious when the content of this post is fully understood.
Of the remainder, almost none have any true understanding of the markets. Almost none are consistently profitable. There are perhaps a few dozen members at most who actually make their living from trading. It is possible to make a consistent profit in a specialised niche without a complete understanding of the markets as a whole. It is possible to make consistent profit with a purely “mechanical” system in some conditions, but this is not the same as true market knowledge. People are generally gullible with low levels of awareness and unable to distinguish the truly successful from the imposters. There are many reasons for this, however that does not belong here and is obvious to one who puts her attention on the subject.
New members – aspiring traders – are not told any of this. Other members have been appointed as “forum guides” or “trading advisors” or “moderators”. None of these people are consistently successful, proficient, self employed full time traders. However, these titles have a suggestion of authority – and those who do not know better will believe that these forum titles qualify the holder to give advice. These titles are not awarded according to some measured, objective, criteria signifying competence in trading. Due to these factors it is almost impossible for the naive aspirant to distinguish between those with something of value to contribute and other beginners.
I will give you an example. At one time this board had a charity spreadbetting account. After much ado, the collective membership lost half the account and the project was quietly shelved. None of the contributors were proficient enough to make correct profitable trades for charity. The few who could chose not to due to the way they had been treated in the past, or because they were banned, or both.
Beginners who recognise they are beginners are perfectly okay. Beginners who believe that they are advanced and in a position to dispense advice to other beginners are nothing short of dangerous. If you continue with this thread you will be inundated with fruitless suggestions to use indicators, change “timeframe”, vary your bet size, trade (or not trade) at different times of the day, subscribe to services, attend seminars, pay for mentoring, choose different (supposedly “easier”) markets, and other nonsenses.
Nearly everyone here has an agenda, an opinion, and an ego. There are the good natured people who genuinely wish to help (but may cause harm through well intentioned but incorrect advice), there are salesmen, there are arrogant small minded people with ego issues, there are those who intentionally disrupt, and there are the owners and staff who have an interest in all this continuing as is.
This website is not about “traders helping traders”. Instead it is a vehicle to enrich the owner, staff, and advertisers at the expense of the membership. The site makes its money from adverts. The adverts are placed by entities who provide “services” to members. With the exception of bona fide brokers who deal with clients on an execution only basis, all of these “services” involve profiting at the expense of the members. The bucket shop brokers and spread betting bookies make money when members lose on their trades, and by offering worse prices than the real market. The vendors offer a service to people who will pay more than it is worth through ignorance. Paid mentoring is a scam as the mentors do not know, and the correct teaching is so valuable that it would not be sold by those who do know.
If all of this is done honestly I see no problem. The market involves the proficient being enriched at the expense of the derelict. I also have no entitlement to a soapbox here. The site owner is not required to publish my views. I am not making unfounded accusations or suggesting anything improper – simply explaining that there is an entire industry devoted to separating aspiring traders from their money, and that this site makes its revenue from advertising provided by such an industry. As a result the owner has no incentive to improve the quality of the membership here, only to increase the quantity of membership to generate more page impressions. This is business.
What is generally missing from the daily discourse here is a genuine desire to learn and improve, humility, respect, and manners. Instead we have greed, impatience, arrogance, rudeness and disrespect.
In the past, expert traders who wished to help others attempted to share the results of their years of experience, diligent work, and creative insights with the membership in order to help those who truly aspired. The collective conduct of the membership was disgustingly uncivil, and the website owner and his staff did not deal with this. As a result nothing of value is shared here. The members who behaved badly got exactly what they deserved.
There is no merit in herd behaviour. There is no virtue in seeking comfort in shared ignorance with others. If you are able to critically examine what this website is and is not, and assess for yourself the merits of engaging in discourse with the membership here, you will have learned something valuable indeed which will assist you in your journey to become a trader. These are the people who lose. To be successful you must learn why they lose and how to take their money. The market always needs cannon fodder. Understand yourself, and understand the sheep.
In trading, almost all of the time, the outcomes are decided in advance. Therefore the outcome of almost any trade can be known in advance almost all the time. The truly expert traders can predict where price will go next, repeatedly. Without this ability you are guessing and gambling. This ability takes years to develop. It cannot be learned by everyone.
Those who have earned this ability get it right nearly all the time. Days without losing trades. Months without down days. Specialisation in a chosen instrument and the ability to deal size when conditions are correct. These experts can recognise other experts, the proficient, and the amateurs by their conduct. I have never spoken with any of the five traders I mentioned earlier, but I know they are all true experts by what and how they post. Newbies cannot be expected to have this level of awareness, and are apt to be misdirected.
In summary:
- You do not know how to day trade successfully
- If you risk capital when you do not know you are gambling and will lose
- Your losses will go to the disciplined, ruthless, skilled, professional traders
- While the correct knowledge is a prerequisite, trading is a skill and the ability must be earned through personal effort – it cannot be transferred
- The correct knowledge can be discovered – this requires isolation and independent thought
- Those who know how to trade will not take you in hand and show you everything
- The masses who do not know how to trade will offer incorrect advice
- I will be attacked for this post by those who cannot trade
I only said it would be the truth, not that it would be pleasant. Please take the time to evaluate this and be honest with yourself. It may save you a very unpleasant journey, emotionally and financially. Do not seek excitement that you cannot ultimately afford. The good news is that the market is available to all who aspire – this provides the profits for the successful and the opportunity to succeed to all.
I sincerely hope that you all have beneficial realisations after reading this. Don’t be a fool. Don’t be a sucker. Merry Christmas.