Here we go again. I can tell you that 4xpip is not selling anything. He is merely trying to help others (like yourself) make some money trading. I may not agree with everthing he says and especially his use of stops or rather lack of it, but you know what?, he's having a go and putting himself out there - and all power to him..
However, as usual a good 2/3 of your latest negative rant is thinly disguised as being about me and my live trades blog et al. As usual though, it reveals much more about yourself than explains the actions or intentions of others.
I've finished trading for the day and the week and this is my relax time, my fun time and one of my favourite sports is winding you up. And my God, don't you just deserve it.
I am "selling something". I have Vendor's badge. I trade for my retirement which I require to be extremely comfortable and in the meanwhile I work for a living doing amongst other things teaching trading. I have never taught a "newbie" only usually people with 3 -6 years experience. I do not sell signals. So sue me. Get over it - and for God's sake man - get a life! Who gives a sh*t? Well obviously you for one - again and again and again...
I know that you also think of yourself as some kind of Marketing wiz and SEO specialist with your 50k hits per day etc etc and this is currently your main claim to fame. But let me tell you, that there are are others here who have been there too and are wearing the T shirt. In 1998 I discovered that by registering a domain name with dashes in between generic words, it would probably get to No 1 in Yahoo (no Google then) for my chosen business at the time. It did and the entire World beat a path to my door to register their domain names through my Company. You were probably in the 6th form listening to some angsty twaddle at the time.. And when I was placing trades with my broker in 1978, you probably weren't even born.. And by the way if you were listening to Oasis, as the aformentioned angsty twaddle, then that first album was recorded in my Studio in between the two brothers kicking the sh*t out of each other every day.
4xpipx reminds me of when I used to trade oil about 10 years ago without a stop. One week I would make 5000k, the next I would lose 3.5k until eventually I lost 1/2 my account once in just 20 mins. After that I started using stops. But what the hell, hes a great Trader, we need more like him here as an antidote to people like you.
Below is the Traders Mantra filched I think from a post by Meanrevision who nicked it from somewhere else on the Internet. All of us will recognise ourslelves here. The question is which number are you?
38 steps to becoming a trader --
1. We accumulate information - buying books, going to seminars and researching.
2. We begin to trade with our 'new' knowledge.
3. We consistently 'donate' and then realize we may need more knowledge or information.
4. We accumulate more information.
5. We switch the commodities we are currently following.
6. We go back into the market and trade with our 'updated' knowledge.
7. We get 'beat up' again and begin to lose some of our confidence.
Fear starts setting in.
8. We start to listen to 'outside news' and to other traders.
9. We go back into the market and continue to 'donate'.
10. We switch commodities again.
11. We search for more information.
12. We go back into the market and start to see a little progress.
13. We get 'over-confident' and the market humbles us.
14. We start to understand that trading successfully is going to take more time and more knowledge than we anticipated.
Most people will give up at this point, as they realize work is involved.
15. We get serious and start concentrating on learning a 'real' methodology.
16. We trade our methodology with some success, but realize that something is missing.
17. We begin to understand the need for having rules to apply our methodology.
18. We take a sabbatical from trading to develop and research our trading rules.
19. We start trading again, this time with rules and find some success, but over all we still hesitate when it comes time to execute.
20. We add, subtract and modify rules as we see a need to be more proficient with our rules.
21. We feel we are very close to crossing that threshold of successful trading.
22. We start to take responsibility for our trading results as we understand that our success is in us, not the methodology.
23. We continue to trade and become more proficient with our methodology and our rules.
24. As we trade we still have a tendency to violate our rules and our results are still erratic.
25. We know we are close.
26. We go back and research our rules.
27. We build the confidence in our rules and go back into the market and trade.
28. Our trading results are getting better, but we are still hesitating in executing our rules.
29. We now see the importance of following our rules as we see the results of our trades when we don't follow the rules.
30. We begin to see that our lack of success is within us (a lack of discipline in following the rules because of some kind of fear), and we begin to work on knowing ourselves better.
31. We continue to trade and the market teaches us more and more about ourselves.
32. We master our methodology and our trading rules.
33. We begin to consistently make money.
34. We get a little over-confident and the market humbles us.
35. We continue to learn our lessons.
36. We stop thinking and allow our rules to trade for us (trading becomes boring, but successful) and our trading account continues to grow as we increase our contract size.
37. We are making more money than we ever dreamed possible.
38. We go on with our lives and accomplish many of the goals we had always dreamed of.
