I think maybe Lyall was scared off by all the negativity and who can blame him.
Chilltrader you missed out one that maybe applicable to Lyall and it goes something like this :
'- Visited T2W for help and advice, all I got was negativity even when I assured them that I tried the system and it worked for me. I'm now doing okay for a newbie and the system continues to earn me cash but I'm not going back to T2W because I know they won't believe me.
Shame really because they will never know how well I'm doing (or how badly I'm doing), I'd like to go back there and let them know but their attitude to me just wasn't fair.....'
I think many members should just listen for a while instead of instantly slagging something off even when they have not tried out the system or software or whatever. It is so so easy to knock something before you know anything about it, in fact it is so easy to do this that it equates to the worst kind of ignorance and blinkered vision.
I've said this before but I will repeat myself, many seasoned traders believe that you can only become successful at trading if you work for years with blood, sweat and tears and study this and study that. They quote betting banks you have got to have and percentage size of bets and how much you will lose and you have to know this and you have to know that.......support, resistance, pivots, fibanacci, you have to use stop loss, you mustn't use stop loss, you have to day trade, you shouldn't day trade etc etc etc. Yawn yawn yawn....
Now wonder newbies disappear from the forum before you can say jack sh*t !
There are no rock solid rules for trading, there are far too many variables. No one trader can say a definite rule on any part of it. No one trader can categorically dismiss any one idea or method and dismiss it to everyone. If a method of trading (or system as we call it, as a method can be classed as a system) is reported as being successful by someone then who are we to slag it off before we have even tried it ?
By the same token, if a system is reported as a failure then who are we to confirm this if we haven't tried it. It may be that whoever tried it found it to be successful and really didn't want anyone else to use it because of this.
None of us know for sure if anything works until we try it ourselves. Some systems are tweaked a little by some and not by others, some traders understand a trading 'rule' differently to another trader, traders have different styles, diferent tempraments, different values on their bank and securities.... the list is endless.
Many traders use numerous bits of information to make a decision, the successful ones stick ridgidly to their rules, kick emotion out the room and go for it. The novices bring emotion along in buckets, value their bank more than seasoned traders due to inexperience and begin to change the rules because the chart looks like it will do this or that in the next candle etc etc.
Now maybe, just maybe, if someone put a set of trading rules together (based on their success), a firm staking plan, a strict money management guide and gave the correct trading tools and software together, do you not think that if a certain kind of individual listened to everything and traded strictly to all the rules and used the software and platforms how they should be used and attached little or no emotion to their trades, do you not think that they could indeed earn money at trading in a reasonably short time ?
Of course they could !
Don't fool yourselves that what you know and what you do is only successful in your hands, life isn't like that and trading isn't either. None of us are indispensible.
We all know that 95% of people who trade are not successful but this doesn't mean that all systems are failures, we all use systems for goodness sake so why on earth some members choose to slag them off beats me.
More and more people are trading now than ever before, the power of the interent and new technology has made this possible and will continue to do so, the 95% will soon become less, the more systems, the more software, the more discussion, the more acceptance, the better.
The market is so huge there is enough room for all of us. And if we do not investigate new tools, software and systems then the seasoned traders will eventually get left behind.
If they do not embrace new technology and new ideas then :
The Learned of the Past soon become the Students of Today
I don't care who you are or which industry you are in or how good you are (or think you are), no one person knows it all, no one person can dismiss a method or idea until they have at the very least tried it.
The possibilities are indeed endless
Cofton
Chilltrader you missed out one that maybe applicable to Lyall and it goes something like this :
'- Visited T2W for help and advice, all I got was negativity even when I assured them that I tried the system and it worked for me. I'm now doing okay for a newbie and the system continues to earn me cash but I'm not going back to T2W because I know they won't believe me.
Shame really because they will never know how well I'm doing (or how badly I'm doing), I'd like to go back there and let them know but their attitude to me just wasn't fair.....'
I think many members should just listen for a while instead of instantly slagging something off even when they have not tried out the system or software or whatever. It is so so easy to knock something before you know anything about it, in fact it is so easy to do this that it equates to the worst kind of ignorance and blinkered vision.
I've said this before but I will repeat myself, many seasoned traders believe that you can only become successful at trading if you work for years with blood, sweat and tears and study this and study that. They quote betting banks you have got to have and percentage size of bets and how much you will lose and you have to know this and you have to know that.......support, resistance, pivots, fibanacci, you have to use stop loss, you mustn't use stop loss, you have to day trade, you shouldn't day trade etc etc etc. Yawn yawn yawn....
Now wonder newbies disappear from the forum before you can say jack sh*t !
There are no rock solid rules for trading, there are far too many variables. No one trader can say a definite rule on any part of it. No one trader can categorically dismiss any one idea or method and dismiss it to everyone. If a method of trading (or system as we call it, as a method can be classed as a system) is reported as being successful by someone then who are we to slag it off before we have even tried it ?
By the same token, if a system is reported as a failure then who are we to confirm this if we haven't tried it. It may be that whoever tried it found it to be successful and really didn't want anyone else to use it because of this.
None of us know for sure if anything works until we try it ourselves. Some systems are tweaked a little by some and not by others, some traders understand a trading 'rule' differently to another trader, traders have different styles, diferent tempraments, different values on their bank and securities.... the list is endless.
Many traders use numerous bits of information to make a decision, the successful ones stick ridgidly to their rules, kick emotion out the room and go for it. The novices bring emotion along in buckets, value their bank more than seasoned traders due to inexperience and begin to change the rules because the chart looks like it will do this or that in the next candle etc etc.
Now maybe, just maybe, if someone put a set of trading rules together (based on their success), a firm staking plan, a strict money management guide and gave the correct trading tools and software together, do you not think that if a certain kind of individual listened to everything and traded strictly to all the rules and used the software and platforms how they should be used and attached little or no emotion to their trades, do you not think that they could indeed earn money at trading in a reasonably short time ?
Of course they could !
Don't fool yourselves that what you know and what you do is only successful in your hands, life isn't like that and trading isn't either. None of us are indispensible.
We all know that 95% of people who trade are not successful but this doesn't mean that all systems are failures, we all use systems for goodness sake so why on earth some members choose to slag them off beats me.
More and more people are trading now than ever before, the power of the interent and new technology has made this possible and will continue to do so, the 95% will soon become less, the more systems, the more software, the more discussion, the more acceptance, the better.
The market is so huge there is enough room for all of us. And if we do not investigate new tools, software and systems then the seasoned traders will eventually get left behind.
If they do not embrace new technology and new ideas then :
The Learned of the Past soon become the Students of Today
I don't care who you are or which industry you are in or how good you are (or think you are), no one person knows it all, no one person can dismiss a method or idea until they have at the very least tried it.
The possibilities are indeed endless
Cofton
Lyall!
Long time no word?
Which of the following is applicable to you?
- Retired in Bahamas (or some other exotic place), & trading occasionally - after erm.. "dealing" with
the blonde and brunettes ;-)
- Filing for bankruptcy
- Still slogging it out 9 - 5 & putting in that measly trades when time permits
Eager to hear from you !
Best Luck