The problem comes from the way most people approach anything in life, not just in terms of trading. For example we get our minds poisoned from the beginning of any endeavour by looking around the World Wide Web as the first port of call for information. This is great for the very very few who are able to dissect what they need, but it is very dangerous for the majority.
Its human nature to want to do the minimal to get by. Most vendors know this, which makes their prey easy pickings! Everyone wants to compare to the next person instead of going out on their own.
A great example I see is on other threads on this board, such as what returns are possible to make? What does it matter what Joe Blogs makes, are you going to be satisfied if you make (or lose) the same as him? What if you should be making 10 times what he/she does, will you still feel good about yourself? Not only that but the thread then gets aggressive because someone states that they can make more than 2% a week. Where do these figures come from in the first place?
All traders must find their own way and not listen to anyone. Paul (trader333) pointed out in his post earlier that it appears to be human nature to believe what you want to believe no matter who warns you otherwise. This is so true, what ever anyone says to them won’t have any affect. People want instant success and they don’t like hearing the reality. So let them be, it’s the only way to truly evolve. After all, no one wants to hear it will take on average 3 years to consistently break even (unless you are the exception, and what makes you think you will be that exception), especially when system sellers tell you of the instant riches available next week.
There are very few traders worth listening to, and if you are diligent you will know who they are, because you are working things out for yourself. You need to know what you need, not what you want. Once this has been established the vendor issue will no longer be an issue. Not that it ever is for those who are on the right path.
The best threads are overlooked on this board; this can be seen by the amount of participation. For example, there are established members giving their opinions about the validity of projecting the market and newbies will look to them for guidance. But they are only “established members” giving their opinion, but it is not based on reality. If one is a scalper trading of news announcements then that is where their edge lies, but don’t ask these members about other ways of trading as they are not developed in these other areas.
There has been so many posts that are just pointless, and not worth participating in. Yes protect the newbies and oldies (because time doesn’t make one wiser only more stubborn), but ultimately they will do what they want regardless.
Bottom line is trading is one of the most independent businesses in the world, yet so many want to get the opinion of others, before they make their own minds up. It’s all done the wrong way round. Firstly, you should make your OWN mind up, then see what others are saying. You need to know what you know first, that is your foundation.
A scientist starts from scratch, they don’t pick up half way though another scientist experiment, why should trading be any different, after all it’s the experiment part that is fun.
Let people do what they want, some will evolve and some will fall by the waste side, that is life. I think the fact that the vendor issue bothers you (active participants of the thread) suggests that there is still some evolving to do on your behalf. We are not talking about innocent children her, but grown up adults, if they can’t see the wood through the trees now, they never will !!!
It is the responsibility of the individual as to what action he/she takes. Vendors don’t put a gun to someone’s head, we are all free to choose to participate or not, its just a trade like anything else.
Choose wisely.
