Addendum2:Why do so few succeed?

[Chicken Curry]

BTW, RIMM has gone ape in the past hour on the upside.

Has the judge ruled yet ?

Can't find any news.

 

[Pat494]

No, perhaps not, but the idea you propose in your post above number 68 is utterly pointless.

My idea is not "utterly pointless" at all.
The reason most people are on this website is to make money.
The point of the competition is exactly that. Companies and individuals have a chance to show off their wares publicly.
So often the publicity blurb is not only misleading in it's claims e.g. 90% success rate, calling tops and bottoms etc., but downright false. Does one have to buy system after system to just try and find a good one ? - the cost alone is prohibitive.
If T2W collaborated with a company which already has a trading simulator the cost would be nil and a great asset to an already excellent website.
A certain gent was called out a few months ago on a different thread to sustantiate his large claims of trading success and failed miserably!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! ( having died 2,000+ years ago could be seen as an excuse I suppose )

 

[SOCRATES]

My idea is not "utterly pointless" at all.
The reason most people are on this website is to make money.
The point of the competition is exactly that. Companies and individuals have a chance to show off their wares publicly.
So often the publicity blurb is not only misleading in it's claims e.g. 90% success rate, calling tops and bottoms etc., but downright false. Does one have to buy system after system to just try and find a good one ? - the cost alone is prohibitive.
If T2W collaborated with a company which already has a trading simulator the cost would be nil and a great asset to an already excellent website.
A certain gent was called out a few months ago on a different thread to sustantiate his large claims of trading success and failed miserably!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! ( having died 2,000+ years ago could be seen as an excuse I suppose )

Yes it is.

You may be salivating at the idea of making money and for this reason you subscribe to trading websites in the hope someone will take pity on you and rescue you, and sort out your problems, and, to judge by your attitude, many of them by the way are probably self induced.

I am not in that position not through luck, but as a consequence of very hard graft over many years. Therefore I am not in the category you describe. I am in a different category.

The category I am in is that I am interested in having discussions with like minded people and only individuals who are experts in their field, and not instead of persisting one way or another to pick peoples' brains, or having mine picked.

Of the 2700 + posts I have made on this site you can count the questions I have asked on the fingers of one hand, and that is being generous. Why is that ? Because I don't need to.

You use the word prohibitive but you have not one iota of an idea of what prohibitive really means. What you want is a short cut. There aren't any, sorry to have to tell you.

As for "systems" as you call them, what you really mean is methods. But you go on to gripe about this software and that software, pretending a competition would be a good idea etc., when in reality your suggestion is goaded by self interest.

You never see me post a chart or discuss my methodology, which is what you would probably like. And I am certainly not writing a book, either.

But every call I have made on this site has been deadly accurate. This serves to annoy several individuals who then proceed to try to disprove what is irrefutable fact.

Then there is the question again of endless bickering and arguing over the merits of some commercially available software over another.

I am not interested in any of this chit chat and pointless argument.

I have all my software written for me. All of them are bespoke. I do not discuss them on any public website, nor do I reveal what is it they do.

All of them are under my personal control. Nor do I advertise any of them. I do not grant licences. None of them are for sale. I keep them for my exclusive use and absorb the development costs instead.

This is again because there are many things too valuable to let people have just because they happen to ask for them.

But of course you are likely to interpret all of the above as some sort of personal affront, instead of reflecting that not everyone has the same interests.

Now you can carry on laughing.

 

[Bigbusiness]

Anyone else noticed the Socrates cycle? He goes away and then comes back and is nice to everyone for a while. Then he gets more and more irritable and starts to be rude to others. Then he asks for all his posts to be deleted, or claims this will be his last post and storms off again. A few weeks later, the cycle starts again.

 

[achtung]

I received Socrates post at work. Something has given him the hump. Does it always get as nice as this.

 

[dbphoenix]

Anyone else noticed the Socrates cycle? He goes away and then comes back and is nice to everyone for a while. Then he gets more and more irritable and starts to be rude to others. Then he asks for all his posts to be deleted, or claims this will be his last post and storms off again. A few weeks later, the cycle starts again.

You noticed that too, eh? Comes from not having a life, I suppose.

 

[achtung]

Didn't know trading could be as 'catty' as a wanna be IT girl fighting over a footballer. Think I shall just attempt to make a profit on the share competition and shut up.......

 

[Bigbusiness]

I am not sure where all these "deadly accurate" calls by Socrates are either. The only one I remember in the past few months was in the Dow thread and was more of a comment about going long than a call. I conservatively estimated it would have required an 80 point stop and when he said he had made a profit and would close the trade, he could have made a few hundred more points had he left it running.

 

[Pat494]

poor old Socs slur deleted by Jo
It seems that the world is to be denied the pearls of his wisdom, the essence of his brilliance!!
His bespoke system is not for sale or hire. Don't worry Socs ( slur deleted by Jo ) we have progressed beyond the basics.
After 2,718 posts of hot air, where the pronoun "I" re-occurs with monotonous regularity ( I was going to count them all up but decided it would take too long !) we are to be denied.
Oh well.

 

[FXSCALPER2]

This place is really entertaining, eh? Socrates is such a joker, isn't he? Whenever someone says they have a 'bespoke' software for trading, you know they are talking c**p. I have an image of Socs in his soiled white vest sitting in a basement scratching his head with one hand and a sightly over toasted bread (bitten) in the other. The man thinks 'bespoke trading software' is what trading success is about. That is what newbies think. Experienced and successful traders will know trading success has very little to do with some secret system. The funniest bit is his one liners about 'it is all ability'. Huh? You have to say he is amusing though.

 

[FXSCALPER2]

I read somewhere that only 2% of fat people manage to lose wight and keep it away in the long run. May be they have no ability. I reckon they should get a 'bespoke software'. hehe

 

[the blades]

I am not interested in any of this chit chat and pointless argument.

.

I reckon there are at least 2,700 contradictions to that statement, on this website alone.


UTB

 

[TheBramble]

I have just realised the complete and utter synchronicity of this thread being current on these boards at the same time as Timsk's one on "Universal Laws".

http://www.trade2win.com/boards/showthread.php?t=18821

While I'm still very far from being a subscriber to any such possibility (the existence of universal laws) for the set of consistently successful traders per se, there may well be mileage in considering the possibility of Universal Laws applying to the set of traders who participate in bulletin boards.

 

[TheBramble]

So Socrates, are you saying that this is only a dramatic device - not that he would actually physically punch someone in the face?

This chap who you presumably hold in high regard as one of similar calibre to yourself and as one able to ascertain the merit and attitude of another and further, able to identify and recognise it instantly. He wouldn't have to resort to physical acts?

So there'd be no need for anything as coarse as, oh I don't know, physically tying someone up, binding them and blindfolding them? That wouldn't be necessary of anyone capable of instantly recognising and identifying and ascertaining the merit of another?

Why I believe this point is significant within the context of this thread is that success does appear to be dependent upon not just current performance, or even on the expectations of future possibilities, but rather more skewed in the light of previous conduct. Would you agree?

 

[FXSCALPER2]

Socrates, you must not take my post literally as regards my understanding of the statement. I was just giving my analogy of another way that one can glean an understanding of the qualities that good traders posses. Thanks for taking the time to shine your light in my direction though. Perhaps you could help me out though. My grandma was asking me how to suck eggs and i was thinking of pointing her in your direction. Something tells me your the one to tell her about it.

LOL, Very funny. When I read Socrates's reply to you, I was laughing because that guy is really odd. He thought he got the depth of what was being said while you didn't. He is an amusing chap, Socrates.

 

[Finlayson]

yep good old socrates.....he can stop time , predict the future, know our ourselves better than we ......could sarcasm be his only weakness

 

[SOCRATES]

Socrates, you must not take my post literally as regards my understanding of the statement. I was just giving my analogy of another way that one can glean an understanding of the qualities that good traders posses. Thanks for taking the time to shine your light in my direction though. Perhaps you could help me out though. My grandma was asking me how to suck eggs and i was thinking of pointing her in your direction. Something tells me your the one to tell her about it.

What he is looking for and finds difficult to express in words, is the sort of individual who is able to disconnect emotionally and just get on with it, plus in his selection process he has a filter to only pick individuals he can assess merit to be progressed..

Special message for Granny :

Tell her to first take an egg, then shake it vigorously, then make two pinholes, one at each end. Then all she has to do is suck hard through the hole at the sharp end of the egg.

Kind Regards,

 

[Bigbusiness]

These traders used their emotional response in a positive way:-

London, February 16 — In an effort to tell the world that Kyoto is not enough, 35 Greenpeace protesters unlawfully entered the International Petroleum Exchange (IPE) to raise a ruckus and stop trading for several hours. Instead, they got a vigorous explanation of why disrupting a room full of floor traders is not nice and a personal escort to the pavement outside.

The brawl that landed them back in the street wasn't exactly as Greenpeace planned. That night Greenpeace said two of its intruders were in hospital, one with a suspected broken jaw, the other with concussion.

http://www.cdfe.org/greenpeace_takes_a_hit.htm

 

[pboi]

Socrates : 'I am the Architect. I created the Matrix. I have been waiting for you. You have many questions and although the process has altered your consciousness you remain irrevocably human, ergo some of my answers you will understand and some of them you will not. Concordantly, while your first question maybe the most pertinent you may or may not realize it is also the most irrelevant. '

 

[TheBramble]

This is because it is a golden opportunity to bring The Trinity to the notice of those who really need to be reminded of it

Bertie! You were entrusted to NEVER mention that. I'll have a word with THE OTHERS, but I suspect you've gone too far this time.

By the way, I've been meaning to get around to telling you about your recent batch of cannon balls. You have a problem.

They seem to be somewhat inferior to the previous batches. I suspect mainly the cause of the problem is the extensive use of recycled material. You can always tell. The thing falls apart before it's got anywhere.

Plus, your gunner seems to have taken a nap. Remind him that gunnery, like all skills, requires constant practise to keep it finely honed.

Those cannon balls that do make it, land so far away from any possible target that one wonders if any aim were had in mind in the first place. One or two even apparently aimed straight up - with the inevitable consequence!

Bertie, have a quiet word with your gunnery sergeant and your ordnance QM. Get them shipshape and Bristol fashion QT or they'll be headed for the brig for sure.

hth