How To Make Easy Money.......

[BF1]

.....Don`t trade, just write a book/DVD or CD on how to supposedly do it.

Have you noticed how all these so called traders can find the time to write all these books etc. on how to trade? But what gets me is how there seems to be a circle amongst them that write introductions on each others books saying how great this and that particular book/dvd is.

Just had another email promoting John Pipers The Way To Trade and in the sales pitch is quotes from the likes of Elder saying how brill the book is! You see it time and again in these books, each of them promoting each other.

I met John Piper on a professional basis in the hope to give me some guidance to becoming a trader. He spent a quarter of `my` hour on the phone dealing with another of his services and then made my pocket £200 lighter for the benefit of telling me I need a system! For another £2.5k pa he`d help devise one! Yeah right.

It just brings it home to me that it must be far easier to write about trading then actually doing it.

Maybe Im just being cynical?

 

[7thSignalTrader]

No - you are being very rational. And, very well said I might add.

 

[SOCRATES]

Have you noticed how all these so called traders can find the time to write all these books etc. on how to trade? But what gets me is how there seems to be a circle amongst them that write introductions on each others books saying how great this and that particular book/dvd is.

It just brings it home to me that it must be far easier to write about trading then actually doing it.

Maybe Im just being cynical?

No, it is not about writing books, it is about something very different that the writing of the book or the other tedious nonsense is able to camouflage.The undignified stunts to which aspirants can get up to in order to obtain the unobtainable knows no bounds.

If it were not so serious it would be funny.

But what is in fact hilarious is when absolute outsiders posing as traders get into the act, when for example you have behavioural and mental health professionals postulating hypotheses about that which they either know very little or nothing about, (because they are prevented by proficient operators who jealously guard their skills and expertise, thus preventing them from finding out) getting into the act of telling others what they ought to do or not do. Funny.

They have other strategies as well that they brazenly employ, hoping not to be detected in their strategies to gain information. They create discussions in which the object appears to be helpful and constructive discussion with regard to what they percieve are the keys of benefit to them, but in reality are ruthless if not clumsy attempts at information gathering. Funny.

When challenged they can get quite agitated, as they percieve to have had their secret agendas unmasked and proceed to play avoiding games by replying to questions with further questions for example. This type of behaviour is passed off as debate, or incisive discussion but in actual fact is very transparent and really obvious. Also very funny.

The challenge gets in the way, you see. It interrrupts the agenda, because it frustrates the object. The object of the excercise is to seek feedback, valuable information. When this is not forthcoming it leads to blended retorts and evasions, presented from such an angle as to make the challenger get bored, and in the expectation the challenger will give up and fall silent. This is a phenomenon I have repeatedly observed. Very interesting and amusing, it pinpoints the weakness of the agenda if taken at face value.

This persistence is driven by a desire. The desire is to be, so to speak, let in. The disguise is a degree of some sort in some vocational discipline, offered like some sort of intellectual Trojan Horse. The object is the acquisition of a golden key at the exclusive expense of the victim, which it is hoped will be some proficient but gullible individual willing to give away valuable expertise. Very funny too.

Then to reinforce these repeated attempts, and quite correctly as you say , they form these rings of mutual admiration and support, pouring praise on each others' book jackets and even shamelessly complimenting each others literary achievements on public websites.
Very Funny as well.

The problem for them is twofold......

The first one is that however hard they try, valuable expertise is not going to be offered to them on a plate. This is because valuable expertise is valuable because it is exclusive.

The second one is because, in course of their ministrations and attentions, they are not likely to encounter successful and really successful traders, they are likely to encounter unsucccesful and really unsuccesful traders in need of help, of any sort, since in their desperation, they are apt to clutch at any available straw, however useless. Funny.

So in addition, they become familiar with the problems and woes of the unsuccessful but are segregated from the benefits of the successful, as the latter, have no need of counselling or consultation, or discussion or dissemination or comparison of any sort and just get on with it, selfishly keeping their expertise to themselves and not sharing.

And so this comedy of errors continues, with varied assortments of infornation beggars vainly gravitating to domains in which, according to their perceptions, they might miraculously have all their insecurities allayed and all their riddles solved. but disappointingly, to no avail Very funny again.

I am allowed to express these entertaining views as a consequence of havng been voted the site's Funniest Member.

 

[TheBramble]

Bertie, with the greatest love, affection, friendship and respect - give it a break. Leave the man alone.

You have more to offer than petulance surely?

 

[TraderPattern]

No great traders also do write books. It's not just failed traders, of that I am convinced.

Take my case. I may very well consider writing my own book if and when I get urge to cut back my trading, to take a "sabbatical". From a personal perspective, writing a book would be like taking a little holiday from trading. For consistently profitable traders such as myself, there is often an urge to give something to those who are struggling, and writing a book or offering trading courses is a great way to do it.

 

[TheBramble]

For consistently profitable traders such as myself, there is often an urge to give something to those who are struggling, and writing a book or offering trading courses is a great way to do it.

Please fight it.

 

[TraderPattern]

Please fight it.

Well well, TheBramble I guess you won't be receiving any free samples

 

[SOCRATES]

No great traders also do write books. It's not just failed traders, of that I am convinced.

I must comment that I wholeheartedly agree with you.

The problem is that great traders are great traders because they are great traders.

It is impossible for them to transfer their greatness to anyone, least of all by writing a book.

It may be possible for them to persuade themselves to percieve this from their viewpoint, because it is a natural response, but at best it is a misconception, and at worst a grave error.

The reality of being able to transmute, transpose, transfer their greatness through the written word is not achievable. This is because they are great, which not everybody is.

Take my case. I may very well consider writing my own book if and when I get urge to cut back my trading, to take a "sabbatical". From a personal perspective, writing a book would be like taking a little holiday from trading. For consistently profitable traders such as myself, there is often an urge to give something to those who are struggling, and writing a book or offering trading courses is a great way to do it.

Yes again, yours is a truly admirable sentiment and is to be commended, but inevitably you will collide against the difficulty that what you know and can do yourself as an independent entity cannot be cloned, for reasons in parallel that I explain above.

.

 

[pboi]

but surely a book could help emulate some of the quantifiable 'greatness' you talk of...even a little bit is better than nothing..

 

[SOCRATES]

but surely a book could help emulate some of the quantifiable 'greatness' you talk of...even a little bit is better than nothing..

Yes agreed, in principle yes, (and up to a certain point and no further), but not in immediate and indelible, unalterable, practical reality.

And then, to compound the issue there are several obstacles.

Because these obstacles exist, and incidentally the obstacles to understanding exist in the mind of the reader, otherwise anyone could read a pile of well written books and automatically become a great trader after having read them.

I promise you I am not being flippant, I am telling you the facts.

 

[pboi]

the facts defined by who..you? Who exactly are you , apart from a pseudo intellectual bully? I find your posting style very arrogant, to say the least.

 

[TraderPattern]

I agree with pboi wholeheartedly.

Tone down on the arrogance, if you will, Socrates. You are entitled to your views, but they are just that... views.

 

[apples10]

I agree with pboi wholeheartedly.

Tone down on the arrogance, if you will, Socrates. You are entitled to your views, but they are just that... views.

PBOI and Trader Pattern - - - - - Socrates, as he said won the 'funniest' poster category on here - - - -so don't take what he says too much to heart - - -- -but it is very true sometimes.



Socrates - - - - - - -although these books as a whole repeat themselves, they are all part of the learning process? -- - - who could say that 'reminiscences' didn't teach them something, or that 'my trading room' didn't either - -- -ok, so not as much as the latter except the author spends too much time writting and speaking to his 'pals'!!!

 

[SOCRATES]

the facts defined by who..you? Who exactly are you , apart from a pseudo intellectual bully? I find your posting style very arrogant, to say the least.

The facts speak for themselves as they are patently obvious, at least they are obvious to me if not to you.

You only have to consciously consider the facts and then you will arrive at conclusions based on them, otherwise everyone would become an expert overnight, is what I am saying.

As for who I am, then it does not matter, as I am only the messenger carrying a message.

I have not invented the message, the message is what is, irrespective of what medium it is delivered in.

For you to focus on the style and not on the message itself, is a great shame for you as you succeed in missing the meaning of the message altogether

It is up to you to make of the message what you like and to benefit from it, or not.

It is your call, not mine, sorry.

 

[the blades]

PBOI and Trader Pattern - - - - - Socrates, as he said won the 'funniest' poster category on here - - - -so don't take what he says too much to heart - - -- -but it is very true sometimes.



Socrates - - - - - - -although these books as a whole repeat themselves, they are all part of the learning process? -- - - who could say that 'reminiscences' didn't teach them something, or that 'my trading room' didn't either - -- -ok, so not as much as the latter except the author spends too much time writting and speaking to his 'pals'!!!

funniest poster, not writer of funniest posts.



UTB

 

[dbphoenix]

pboi et al,

When you were little, didn't you -- or someone you knew -- ever play "I know something you don't know" (usually sung)? Some of those people grow older, but never up.

--Db

 

[silviaic]

Please fight it.

I can't. I have my jaw glued to the floor.

Silvia.

 

[pboi]

haha Socrates has gotta be one of the most 'interesting' posters I have ever seen.

As for being funniest poster..do we laugh with him or at him?

Is every post a generic ' insert big word psycho babble parp, to attempt to befuddle and make me feel more intelligent that everyone else' type thing?

 

[Charlton]

haha Socrates has gotta be one of the most 'interesting' posters I have ever seen.

As for being funniest poster..do we laugh with him or at him?

Is every post a generic ' insert big word psycho babble parp, to attempt to befuddle and make me feel more intelligent that everyone else' type thing?

pboi, TraderPattern

Socrates posts are not befuddling if you really apply some thought to them.

I have been watching the winter olympics in the evenings and marvel at the skill of the skaters. They are great skaters because they are great skaters and because of dedicated attention to detail over many hours.

I have never skated. I daresay that if one of those skaters wrote a book for beginners or took me onto an ice-rink I would learn some mechanics of ice-skating, but I will not become an olympic ice-skater because it is not in my nature to be a great skater. I may be great at other things, but not skating. If I were great at skating you would be watching me on TV in Turin.

Furthermore, in my attempts to become a great skater, I would probably encounter certain mental blockages. I might feel fear of breaking a limb. I might get bored with endless repetitions and want to skip basic exercises to try to perform more elaborate routines too soon.

I certainly could not become an expert overnight.

It's a fairly straightforward message IMHO

Charlton

 

[garethb]

Interesting analogy Charlton.

I think perhaps trading is more like Ski Jumping. Except, perhaps, that it's more attractive to complete novices. Whilst Eddy the Eagle was pretty much unique in Ski Jumping just imagine if it was as popular as trading. Read the book, go to a free seminar then off to the top of the slope to set a world record first time out. You wouldn't be able to get near the local A&E dept.

Regards