Risk:Reward question

[BeginnerJoe]

Hi Solas,

Thanks for your reply, and no I would not like to learn the hard way, but rather listen to you, who has been there, done it, and learnt the hard way.


Best
John.

Learning without paying defies the laws of nature. If you don't want to pay you will never learn anything worth something. Free lunches are for loosers. Winners pay for what they eat. You have a long road ahead of you since you are not even starting at the right place. The right place is the booth where you buy the entrance fee to the market ATM machine.

 

[Mr Fox]

Learning without paying defies the laws of nature. If you don't want to pay you will never learn anything worth something. Free lunches are for loosers. Winners pay for what they eat.

Let's hope you haven't learnt a lesson by paying with your @ss then.

 

[Triggerfish]

Learning without paying defies the laws of nature. If you don't want to pay you will never learn anything worth something.

So are you suggesting that those who teach people to trade in the region of £5,000 a head is "worth something"?

Learning is only based on a false perception in the "mind".....trapped in their own belief......"limitation"

 

[BeginnerJoe]

So are you suggesting that those who teach people to trade in the region of £5,000 a head is "worth something"?

Indeed it does. How else will people learn those don't worth anything ? That knowledge is worth something. What is obvious to you may not be obvious to others. Best they pay for a lesson and learn what you know or what you learned.

 

[Mr Fox]

Indeed it does. How else will people learn those don't worth anything ? That knowledge is worth something. What is obvious to you may not be obvious to others. Best they pay for a lesson and learn what you know or what you learned.

What an idiotic post. You would think that someone who has been a member of this site for over 2 years would have something constructive to add, rather than leading people down a path that will cost them time, and more importantly money on their road to becoming successful traders.

Or am I right in assuming that, obviously you have been one of those people who paid for a course that didn't teach you much, and instead of warning people of the pitfalls, you have become bitter, and want people to fall where you fell.

If that is the case then that is a poor show old boy.

P.S. Alas it has taught me(and others) a lesson(for free), and that is never to take heed of your advice.

 

[Triggerfish]

Indeed it does. How else will people learn those don't worth anything ? That knowledge is worth something. What is obvious to you may not be obvious to others. Best they pay for a lesson and learn what you know or what you learned.

The knowledge maybe "worth something" but is that something all that is required or rather guarantee one to become I guess.....successful after the teaching?.....yet how do we "know" that to be true for both the teacher and the teaching itself?

So you are also suggesting that there is no learning of anything without £/$...?.....one cannot learn for FREE?

 

[BeginnerJoe]

The knowledge maybe "worth something" but is that something all that is required or rather guarantee one to become I guess.....successful after the teaching?.....yet how do we "know" that to be true for both the teacher and the teaching itself?

So you are also suggesting that there is no learning of anything without £/$...?.....one cannot learn for FREE?

Anything of value cannot be learned for free. But that doesn't mean you have to pay someone else to learn from them. You can pay for material and do DIY learning. So long as you have paid for the value, then you have gained that value. This is the basic law of nature.

The OP does not want to pay to learn from someone, and he does not want to pay for the material to learn by himself. Instead he expects me to give him something of value all because I have been a forum member for two years. Can you not see this is a no hope situation ?

 

[BeginnerJoe]

Or am I right in assuming that, obviously you have been one of those people who paid for a course that didn't teach you much, and instead of warning people of the pitfalls, you have become bitter, and want people to fall where you fell.

I have never paid for a course. I am more of a DIY kinda guy. I even fix my own car and build my own computer, be my own plumber, be my own gas boiler man, etc, etc.

 

[Mr Fox]

Anything of value cannot be learned for free. But that doesn't mean you have to pay someone else to learn from them. You can pay for material and do DIY learning. So long as you have paid for the value, then you have gained that value. This is the basic law of nature.

The OP does not want to pay to learn from someone, and he does not want to pay for the material to learn by himself. Instead he expects me to give him something of value all because I have been a forum member for two years. Can you not see this is a no hope situation ?

My dear fellow all I asked was a simple question of risking3 pips to gain 3 pips, yet you sound like a desperate vendor trying to sell a course, and with your idiotic posts even if you had something of worth to sell I would politely decline.


The last time I checked this was a "free public forum", and not a pay as you ask a question site.

 

[BeginnerJoe]

My dear fellow all I asked was a simple question of risking3 pips to gain 3 pips, yet you sound like a desperate vendor trying to sell a course, and with your idiotic posts even if you had something of worth to sell I would politely decline.


The last time I checked this was a "free public forum", and not a pay as you ask a question site.

Well, anyone having even the most basic appreciation of trading will know trading for 3 pip profit is suicidal. So your question didn't even qualify as the newbest question. So I am not surprised nobody is bothering. It's like trying to teach a 3 year old the theory of relativity. It would be a pointless exercise.

If you really want to know what 3 pips can get you, why not put your money in the market and see for yourself ?

I have no idea since when I have been trying to sell something. I always thought I was here for teh lulz, and nothing but teh lulz.

 

[Mr Fox]

Well, anyone having even the most basic appreciation of trading will know trading for 3 pip profit is suicidal. So your question didn't even qualify as the newbest question. So I am not surprised nobody is bothering. It's like trying to teach a 3 year old the theory of relativity. It would be a pointless exercise.

If you really want to know what 3 pips can get you, why not put your money in the market and see for yourself ?

I have no idea since when I have been trying to sell something. I always thought I was here for teh lulz, and nothing but teh lulz.

"3 pip profit is suicidal".. Oh really, and how would you define a scalp then, also since you really don't think before you speak do you relise "some" proffesionals are in for a few pips here, and there.

It's like trying to teach a 3 year old the theory of relativity. It would be a pointless exercise...

only someone of your intellect would do this, of that I am certain.

You are here for the Lulz. Is your life really that sad, that you have to come on a trading website for your lulz, now that has made me

How about you go out and make real friends(P.S. please don't send me a friends request, as I shall decline), or go to a comedy club, if your trading is bad, and you can't afford that, just type comedy into youtube, and that will satisfy your nreed for lulz.

 

[BeginnerJoe]

Yes, professionals scalp for 3 pips. But I don't see any professionals here. Maybe you want to be the first 3 pip professional on this forum and show us a trick or two ?

My MT4 charts are all the friends I have. They are rather demanding kind of friends and causing me to get stuck at my table 24/5.5. They only ever let me out to t2w for some lulz and no more.

 

[Triggerfish]

Anything of value cannot be learned for free. But that doesn't mean you have to pay someone else to learn from them. You can pay for material and do DIY learning. So long as you have paid for the value, then you have gained that value. This is the basic law of nature.

So for one to gain "value", one must pay to have it.
What if someone copied that and provided it for free? as an act of generosity, does that not mean it can be obtained for free?.....so do you think those people who discover things "pay" before they discover? (more importantly, did he actually discover it first OR was it always there in the first place?)

What is learning anyway? do you have a definition of it?.....can you pin-point it and what actually "learns"?

So you are basically saying that this forum, T2W has "nothing" of "value" because it is free?

 

[Shakone]

So for one to gain "value", one must pay to have it.
What if someone copied that and provided it for free? as an act of generosity, does that not mean it can be obtained for free?.....so do you think those people who discover things "pay" before they discover? (more importantly, did he actually discover it first OR was it always there in the first place?)

What is learning anyway? do you have a definition of it?.....can you pin-point it and what actually "learns"?

So you are basically saying that this forum, T2W has "nothing" of "value" because it is free?

You always pay Triggerfish. You pay with time and effort. Some people try to shortcut that by paying with cash. I doubt that works so well, but I wouldn't know.

 

[BeginnerJoe]

So for one to gain "value", one must pay to have it.
What if someone copied that and provided it for free? as an act of generosity, does that not mean it can be obtained for free?.....so do you think those people who discover things "pay" before they discover? (more importantly, did he actually discover it first OR was it always there in the first place?)

What is learning anyway? do you have a definition of it?.....can you pin-point it and what actually "learns"?

So you are basically saying that this forum, T2W has "nothing" of "value" because it is free?

t2w has lulz value to me. At the beginning, I was looking for other kind of value. But after a while, I realised there wasn't any, at least not with the limited effort I was willing to risk to look for it. So I settled for the lulz value.

People who discover pay through their noses. Edison said it was 99% perspiration. That much perspiration can can only come from an enormous price, and few can afford that kind of price.

As for value that is offered for free, nature has ways of eliminating those very quickly. If dung has value, the dung beetles will come clear the lot in no time. If a trading approach has value, the banks will come clear the accounts of all those people following the approach because these people become predictable and vulnerable to pre-emptive exploitation.

 

[barjon]

Learning to trade is like learning a new language. You can pick up useful words and phrases from those who speak it, although it is not their mother tongue. You can prepare yourself with a wide vocabulary and all the textbook nuances of the language, but you cannot become fluent talking to yourself. That fluency comes from conversing with a native speaker - in the trading case, that's Madam Market. She comes in many guises, though, so beware the different dialects from different natives .

 

[Triggerfish]

t2w has lulz value to me. At the beginning, I was looking for other kind of value. But after a while, I realised there wasn't any, at least not with the limited effort I was willing to risk to look for it. So I settled for the lulz value.

People who discover pay through their noses. Edison said it was 99% perspiration. That much perspiration can can only come from an enormous price, and few can afford that kind of price.

So you were looking for value at some point with your "limited effort", with this effort, you "realised" there wasn't any there.....what if one were to put more effort and focus, maybe one might even discover that there were in fact something there in the first place? would you not agree?
If one doesn't find it, does it mean it isn't there?.....Maybe, as everyone is different, not everyone is capable or have the "capacity" to grasp what is already free here on T2W and had given up on finding it?

As the discussion have progressed so far, I was hoping that the dependence on money to obtain value would be resolved but as noted by Skakone:

You pay with time and effort

.....so maybe money isn't really required then?

In terms of value, I see value in everything.....it depends on the point of view.

Sorry Mr Fox, it would appear we have deviated a bit from your original questions but I hope it is of interest to you.

 

[BeginnerJoe]

what if one were to put more effort and focus, maybe one might even discover that there were in fact something there in the first place? would you not agree?

Yes, if one put in more effort, one might find a big lump of diamond in the back garden. But one might assess the chance of it and decide to not go down that garden path. That doesn't mean there is no big lump of diamond in the back garden.

I have a nose for value, and I follow my nose. My nose tells me the best value at t2w is lulz. So I no longer seek other kind of value here. But don't let me stop you from doing the seeking if you so desire it.

As the discussion have progressed so far, I was hoping that the dependence on money to obtain value would be resolved but as noted by Skakone:
.....so maybe money isn't really required then?

At no point in this thread prior to this did I mention money.

 

[Mr Fox]

So you were looking for value at some point with your "limited effort", with this effort, you "realised" there wasn't any there.....what if one were to put more effort and focus, maybe one might even discover that there were in fact something there in the first place? would you not agree?
If one doesn't find it, does it mean it isn't there?.....Maybe, as everyone is different, not everyone is capable or have the "capacity" to grasp what is already free here on T2W and had given up on finding it?

As the discussion have progressed so far, I was hoping that the dependence on money to obtain value would be resolved but as noted by Skakone:
.....so maybe money isn't really required then?

In terms of value, I see value in everything.....it depends on the point of view.

Sorry Mr Fox, it would appear we have deviated a bit from your original questions but I hope it is of interest to you.

There's absolutely no need to apologise, as getting different opinions good, or bad can never be a bad thing, plus this is a public forum, and everyone's entitled to their opinion.

The only issue I do have is for eg, Shakone has answered my question, and then a few posts later say's the question doesn't make sense, well if it doesn't make sense, then how has he managed to answer it, that's like if I ask him if he is a fool, he answer's yes, and then replies that he doesn't understand the question.

He then insinuates that I should ask my mentor, but that's like running back to your biology teacher when you have a question about sex.


Yes your first couple of replies were funny, but then you proceeded to go down a path which I felt was misleading to others, and that's never a good thing, obviously you will agree.

I am grateful to all who take the time to reply especially with good reason eg. Solas, and if people do not wish to reply, that is fine also, but answering questions with broad strokes, then when I ask for more information, posters disappear naturally means, they were not willing to help in the first place, or they wish not to tell what they know, again this is fine, but replying with a "I do not wish to divulge this information" is a lot more gentlemanly, than just disappearing, wouldn't you agree.

Best
John.

 

[I'vereadthemall]

My opinion is that the is nothing wrong with risking 3 pips to gain 3 pips..if your extensively tested CPU model has suggested doing so has a positive expectation.

Having said that, I would imagine that if the **** ever hit the fan and aliens attacked us the markets would gap more than 3 pips. If you're risking 1% on those 3 pips you'd be a gonner.

If you were risking 1% on 300 pips then you'd still be able to afford a Blu-Ray box-set of human porn to trade with the invaders.

One other point, and it will probably raise eyebrows but it seems many people on this forum are too busy writing and not busy enough reading.

There has been a plethora of academic research done into the benefits of paying for knowledge Which has been proven with scientific studies that if you pay for something such as education or advice you receive more value from it.

Psychologically and in practice.

Psychologically because if you paid for it you place more internal value on the information.

In practice because if you paid for the information and place more internal value on the information you are more likely to follow it.

This type of research is from Harvard, Yale etc. it been pretty much accepted across academia.