100% and all that.............

[barjon]

Whilst I have been preoccupied cheering home Europe in the Ryder Cup (yippee - :clap I see that another thread has virtually bitten the dust under the weight of criticism from the pros and other experienced traders.

Not an uncommon event on the boards which is all well and good if the criticism is valid. When it is valid, it's good that the inexperienced should see the realities of this business from those who know. It's all so unremittingly negative though.

Wouldn't it be nice if those critics did rather more in the "accentuate the positive" line - the odd thread or two of the "helpful hints" variety would be even nicer

good trading

jon

 

[trendie]

I think the death of a thread would be far more exquisite if the trader proposing an idea was allowed/encouraged to post trades.
If an idea is essentially unworkable, time is on the side of the critics, as eventually the disparity between actual market behaviour and a proposed system manifests itself.

The market will always win.

The problem with criticizing is that we end up with a war of abstractions, with each protagonist talking past each other.

Watching a demo account go underwater is pretty much non-debatable.
This can act as a far more useful warning to newbies than pages of abstractions, slowly deteriorating into slanging matches.
All we needed was to watch the account go underwater sooner or later, and how he dealt with it.

Letting the trader hang himself would be more fun.
We should encourage them to post trades.

EDIT: another thing occurred to me was that too aggressive an approach by critics can be used by potential scammers to justify leaving T2W, but bring along interested parties to a separate site. This works against the interests of newbies, as any meaningful criticism is silenced, and they are led away to a private site where they can be more easily manipulated.

 

[arabianights]

I think the point is... some people are good at, and enjoy, teaching.

Others are cynical and enjoying tearing fallacious arguments apart.

If you can't teach then maybe you can be more constructive taking on the bad ideas...

 

[Hoggums]

There are PLENTY of threads discussing trading techniques on this site that are left alone and even contributed to by the regulars/pros.

Why all this focus on one single thread - when a nutter comes along professing to be able to make 100% per month with a vague strategy that has holes in it the size of the grand canyon, bragging unsubstantiated claims and this person would be a multi-millionaire if he was even half as successful for half the time he was claiming.

I think these guys have done this site a favour hounding out the con-men from this site, it improves the overall quality because good threads have longevity and warns new readers against the foolishness of claims of the 100%+ a month brigade.

 

[meanreversion]

Come on, let's be honest here. There WAS good advice on the thread, e.g. risking 10-20 pct of your account is nuts. But the response was "we don't care, just show us some predictions!".

This is lunacy when you think about it.. the whole "attraction" of the thread is that he is making "100 pct".. well that's more than possible if you risk 20 pct of your account, but just as likely you go bust.

It was a very silly thread. However, in about 3 months from now there will be someone else who will claim to have cracked it, and a very similar thread will re-occur. (Don't you think that's interesting in itself?)

P.S. I was one of the unlucky SOBs who went to Celtic Manor on the Friday and saw f.all golf. Amazing result for Europe in the end tho, well done lads!

 

[MrGecko]

P.S. I was one of the unlucky SOBs who went to Celtic Manor on the Friday and saw f.all golf. Amazing result for Europe in the end tho, well done lads!

I am not a follower of Golf, so perhaps you could explain to me what the f*****g hell a Ryder Cup "Captain" is supposed to do?

He picks the team (I think), but what else? He doesn't play, so can't lead by example. What the **** is he supposed to say? "hit it harder!!"?? What about dressing room team talks?

"OK boys, huddle up: plan for this game is to..... hit the ball into the hole in a few shots as you can!!"

Does he walkie talkie his guys and say

"next 10mins we press - walk to your ball faster than you opp number! Ready... ready..... ready.... ready.... WALKWALKWALKWALKWALK!!!!

or

"lets show 'em what we're made of boys: next hole, CARRY your OWN BAG!!"

seriously, whats the point?

 

[meanreversion]

He has to organise the hookers for the after match party, it's quite an organisational feat.

 

[barjon]

Sorry about the friday wash-out, meany. 'Fraid we were TVing, but there's nothing like being there is there? The atmosphere is ten times what it appears on the box. Real nail biter in the end tho.

I wasn't really suggesting there was no good advice given, nor that it seemed to fall on deaf ears. Part of that deafness, though, came from the negative and scornful (to exaggerate a little) way it was put. Given all the hype that surrounds trading it's not really a surprise that newcomers think prediction is the be all and end all and that this funny money management thing that some people insist on talking about is an incidental. To them the criticism seems like sour grapes or knocking for knocking's sake - all the more so when it becomes more strident as the deafness persists.

jon

 

[meanreversion]

Ok so do I like get an e-gift or something when I get to 2,000 posts, maybe a £10 voucher to spend at HMV?

 

[MrGecko]

Sorry about the friday wash-out, meany. 'Fraid we were TVing, but there's nothing like being there is there? The atmosphere is ten times what it appears on the box. Real nail biter in the end tho.

Really?? Really??

Okay, so I can see why people might like to play golf - but watch it? It's like watching Darts or Snooker - BORING!

 

[Martinghoul]

He has to organise the hookers for the after match party, it's quite an organisational feat.

I thought that's traditionally Tiger's prerogative...

What really got me in the end is when one of these team captains started seriously talking about how the golfers had to "overcome adversity". Adversity? I am sure a starving kid in Darfur might have something to say about such fast and loose usage of the term.

 

[barjon]

I am not a follower of Golf, so perhaps you could explain to me what the f*****g hell a Ryder Cup "Captain" is supposed to do?

He picks the team (I think), but what else? He doesn't play, so can't lead by example. What the **** is he supposed to say? "hit it harder!!"?? What about dressing room team talks?

"OK boys, huddle up: plan for this game is to..... hit the ball into the hole in a few shots as you can!!"

Does he walkie talkie his guys and say

"next 10mins we press - walk to your ball faster than you opp number! Ready... ready..... ready.... ready.... WALKWALKWALKWALKWALK!!!!

or

"lets show 'em what we're made of boys: next hole, CARRY your OWN BAG!!"

seriously, whats the point?

Ooooh! Come on MrG. A football manager doesn't go out on the field to play, but they sure as hell make a difference. You've only got to watch golfers crumble in sight of the winning post to know how much confidence, commitment and belief has in the mix - and it's the captain who inspires all that.

Get the mind right and you're half way there - bit like trading really

jon

 

[Splitlink]

Ok so do I like get an e-gift or something when I get to 2,000 posts, maybe a £10 voucher to spend at HMV?

You don't even get promoted from Legendary to Whatever.

 

[MrGecko]

Ooooh! Come on MrG. A football manager doesn't go out on the field to play, but they sure as hell make a difference.

a) sure football managers, netball managers, ice hockey coaches make a difference - because these are TEAM GAMES played in CONTINUOUSLY.

You've only got to watch golfers crumble in sight of the winning post to know how much confidence, commitment and belief has in the mix - and it's the captain who inspires all that.

Clearly this is bollox. The Ryder cup is once every 2 years, while the frequency of golf played by ryder cup *team* contenders will be something like 2 rounds a week 40 weeks a year for 20 years. Thats means maybe 1600 rounds of golf played by each individual before the Ryder cup. Having a Captain on the 1601'st makes all the difference, of course!

Golf isn't a team game - you play against yourself. Ergo there is no need for a "captain", the role is just one of self-serving bullsh!t.

 

[barjon]

..............Clearly this is bollox. The Ryder cup is once every 2 years, while the frequency of golf played by ryder cup *team* contenders will be something like 2 rounds a week 40 weeks a year for 20 years. Thats means maybe 1600 rounds of golf played by each individual before the Ryder cup. Having a Captain on the 1601'st makes all the difference, of course!

I wasn't talking about crumbling just in the Ryder Cup - I was talking about it being a general feature of the tournaments they play in. That's why many of them employ expensive mind coaches.

jon

 

[tomorton]

T2W can be a tough environment. There's a lot of us hard-bitten old sods here. Sometimes we don't give enough time to opinions at unconmfortable angles to our own. But however tough it is here, it's a lot tougher out there in the real world where real rogues are looking to steal our real money.

When someone provokes traffic to their thread with a grandiose opener, they're just asking for both barrels in return. Of course, all they have to do to deflect all this criticism is post future set-ups or live trades. Profit talks.

 

[Splitlink]

Come on, let's be honest here. There WAS good advice on the thread, e.g. risking 10-20 pct of your account is nuts. But the response was "we don't care, just show us some predictions!".

This is lunacy when you think about it.. the whole "attraction" of the thread is that he is making "100 pct".. well that's more than possible if you risk 20 pct of your account, but just as likely you go bust.

It was a very silly thread. However, in about 3 months from now there will be someone else who will claim to have cracked it, and a very similar thread will re-occur. (Don't you think that's interesting in itself?)

P.S. I was one of the unlucky SOBs who went to Celtic Manor on the Friday and saw f.all golf. Amazing result for Europe in the end tho, well done lads!

I don't trade forex and only started looking at the thread because I saw names there that I follow. What irritated me was the rat pack that offered pages of useless comments about the bloody dog and other things, which only showed the limited capacity of the writers. I think that it is a question of the blind leading the blind. All these posts had to be scrolled in the hope that, sooner or later, something usefull would emerge.

Unfortunately for me, I have to admit that OP did not turn any lights on for me but neither do many threads in the majority of the posts written.It's just the odd tidbit that gives an idea.

 

[meanreversion]

Yes, what was that b0ll0cks about the dog, I didn't get that.

 

[Splitlink]

Yes, what was that b0ll0cks about the dog, I didn't get that.

What it means is that, as incorrect as OP may be, the others were not capable enough to bring him down, other than by using those kind of insulting posts.

 

[meanreversion]

Puerile, and not especially funny. Worst of both worlds, woof woof