spanish89...

[KillPhil08]

I've discussed this with a few members, and spanish89 is seriously a bad influence on newbies.

This has been said before.

They go in with no prior knowledge or experience into the OIL MARKETS, (imo is one of the harder ones to trade), and get taught from page one "instant profits, wide stoplosses". If you actually read through the whole thing you will find a lot of losers looking for more advice. They don't realise that entry is everything and cutting your losers is essential.

Spanish may survive his system, because it is HIS. If you want to make it you must adapt into your own style.

I have read so many times people writing "well, 200 ticks offside, it must come back, I'll just add other 50 ticks stoploss". Think about what your saying. It is more logical to cut your loss at 50 ticks offside because you were wrong then reenter 150 ticks later. Thats you saving 150 ticks immediately (Also if your previous trade did breakeven then you would be making 150 ticks instead of 0 ticks).

I feel extremely sorry for porph, who is having to pick up all the pieces and teach the newbies the hard way to trade (half of them don't listen unfortunately but at least he's trying).

The reason why spanish is profitable is because it's the way he trades, it's like a scalper saying "enter here" but not giving an exit. The scalper profits for 10 ticks then the move keeps going, while the other person loses a lot more.

He will probably blow up once a big move comes and if he doesnt realise he's wrong, but he should never be allowed to influence others to this way. (Maybe he does it without realising it, but teaching beginners that wide stoplosses work is unwise. The whole point in small ones is to preserve your capital when you are wrong and learn to enter a trade at the most profitable position).

Random angry spiel over but i just read about this: spanish;s elite trader thread

Why anyone would start to trade before christmas I have no clue, everyone knows the failure rate. Why ruin your christmas.

PS. Porph, I like what your doing

 

[JTrader]

I guess people got bored of your 'I'm rubbish and I'm leaving now' thread.



jtrader had already left T2W forever.
He is too busy and has important work to do.
He has been taken over by me, a Cyberdyne Systems Model 101 reprogrammed to act as his imposter.
Unfortunately, I will not be able to post here anymore either.
My programming will not allow me that privaledge.
Good look.

And he will NOT be back!

And neither will I.

I will NOT be back!

 

[BSD]

Is that our porph ?

Well done, good job.

 

[rathcoole_exile]

I will NOT be back!

you've made, and broken, those same promises before

 

[KillPhil08]

Im not sure why everyone is blaming me for anyone else mlosing money by following ''my'' trades....

Since in the last 3weeks ''my'' trades have had 1 loss..., a loss of '2 ticks (and thats when you have added teh 12ticks spread in!!!)

And have made just under £10,000 profit, from a starting capital 3weeks ago of just 4k!!



So anyone who followed my actual trades would have had a week where they had:
Loss: 2ticks
Profit: About 1,666ticks!!!




I dont ''tell'' anyone to make any trades ok.

I simply post my trades when i enter, i then always most what would be a better safer entry and exit than mine,
and then simply post the results of my trades whether they be loss or profit.


The reason people ask for my calls and advice is because unlike loads of people who just talk the big smart sounding talk and repeat old cliches, but thats all they give and show....

i dont do any of that nonense.

i simply show people the results that i actually deliver consistently, often with very little risk,
and then explain to people who ask how they can do the same as that but with even less risk than me!!




I posted on here when i entered my last trade...,
i didnt say to anyone to do that trade though!!

I didnt even tell anyone to do anything, i merely said ''43.26 would be an extremely good safe long'', and if people used that as their level to go in they would have had perfect trade!


Just liek lastnight i didnt say to people ''dont take losses on your sells from these $47s, i merely told people why ''i'' wouldnt be taking losses, and tried to explain why.


Some people took losses, their choice to get in that trade and get out where they did...,
some people held out, maybe cos of what i said gave them confidence, maybe they just wanted to anways.

But the result was that what i said came true and what was really going to happen, since all i did was explain how rebounds and pullbacks work, as thats the area of trading i specialise in.




Thats why 'Lee sheperd', lots of my calls are alot more of 'observations', rather than saying ''buy there'....,
since instead of telling people what rtades to make,
i simply help them know what are the key levels that they should watch, and what moves and reactions could very likely happen, that they could trade if they chose to!




If anyone here is getting upset about me posting these 'calls/key watching levels' along with my analysis then please can they just private message me, and i will happlily stop if its losing tehm money.

The only reason i come on here during volatile market movements and so miss out on LOTS of potential money myself to post on here is for only 1 reason,
i know what it feels liek to be swamped by the market,
and so i give up my own time and turn down money to try helping people.

But if anyone does want me to stop please just say and i will...

asd

 

[porph]

Hi, yes that is me. I've noticed a lot of newbie traders picking that thread up with some horrible ideas about stop losses in particular. The 'strategy' seems to be, guess the direction, though not much thought is put into that, something along the lines of 'its fallen 500pts in the last couple of days so its bound to go up'. Then open the trade. Their confusion then comes as they dont know how wide to have their stop loss so that it isnt hit before the trade (might) go into profit....

There seems to be virtually no discussion on setups. I'd like to give the odd pointer but honestly, I dont really care if they blow up their accounts and I wont pretend to. I think if im honest I even smile a little at their misfortune and bizarre desire to call themselves 'traders' to justify throwing lots of money at something for which they have done no preperation and is effectively the same as thowing at the bookies, minus any sporting excitement.

 

[KillPhil08]

I did not say your calls were bad. Just your technique is bad for newbies.

Exactly porph! I also agree with the "spike trade" technique.

 

[Masquerade]

I'm going to say they're bad - I don't mind stepping out and saying so. I know you read this, and I asked you in chat and you didn't answer so here it is spanish:

If you enter a trade and it goes 100 points offside, was your entry good?

It doesn't matter if it goes 100 offside and moves 1000 onside, was the initial entry good? I agree with Phil, you're a bad influence and the only reason you succeed over them is your pain threshold for sitting in a loss is far greater than the average person who works hard for their money and finds it hard to stomach losing a week's worth of pay in a matter of minutes-hours.

 

[JRP2891]

Reading his journal on the other site, i think it's tragic that beginners are trading one of the most volatile markets on offer with a strategy that is essentially based on not taking a loss. Someone (maybe a mod) should step in continually on that thread with advice on where to read up on risk management and discipline before more people half or completely destroy their accounts. At least then they would realise there's low risk strategies out there.

 

[rathcoole_exile]

your pain threshold for sitting in a loss is far greater than the average person who works hard for their money

'cos he has robbed or defrauded to get the money in the first place so it has no value for him, and if he loses it, he can go out and rob and defraud again to replace it.
the Kunt that he is.

 

[Mr. Charts]

........and continue defrauding all of us in the UK by getting housing benefit as he boasts

 

[fifty2aces]

........and continue defrauding all of us in the UK by getting housing benefit as he boasts

But not paying taxes, since they're obviously just wasted on benefits for scroungers

Wait...

 

[new_trader]

Barjon....my impartial moderator,

Why is it that even though the exact same word, with the exact same spelling has been used countless times before...and...after I used it.... my post is still the one and only post in this entire thread which you deemed to be so obscene and morally questionable that you had to censor it, within minutes too! [Last edited by barjon; 26-11-2008 at 07:46 PM. Reason: careful, careful!]

I don’t want people to think you are giving me special privileges or anything. So, perhaps you can explain it so that we both have an equal understanding of what is and is not acceptable. You'd think I said the word 'xxxxxxxx' !.

 

[Rbarr]

what a bunch of jealous people. Because of his thread I managed to turn 500 into 1461 in only one week!

By the way, my first week ever as full time trader.

And I tell you more, I did learn much more from his thread in that other website than any other thread here put together.

He may come accross as a bit of an arrogant person but he is putting his money where his mouth is. Whereas people here are very good when it comes to shot you down.

What a bunch of Misters Know It All.

 

[JRP2891]

what a bunch of jealous people. Because of his thread I managed to turn 500 into 1461 in only one week!

By the way, my first week ever as full time trader.

And I tell you more, I did learn much more from his thread in that other website than any other thread here put together.

He may come accross as a bit of an arrogant person but he is putting his money where his mouth is. Whereas people here are very good when it comes to shot you down.

What a bunch of Misters Know It All.

I understand where you're coming from but the experienced traders on here know that the methods he's teaching newbies will not lead to any consistent results, and will more than likely cause account blow-up due to the lack of discipline and risk management. However if you're still making money like you did in your first week after 3 months then i'll be the first to eat my hat.

 

[rathcoole_exile]

I did learn much more from his thread in that other website

so now you know how to:
scam people off e-bay
rob money from yer mom
have sex with an underage girl
claim benefits for which you're not entitled
try to join the police when you're patently not fit to do so
lie about your age
lie about your occupation
lie about your trades
lie to web site admin on identity
and scam the neighbour out of his hot water
?

 

[fifty2aces]

what a bunch of jealous people. Because of his thread I managed to turn 500 into 1461 in only one week!

By the way, my first week ever as full time trader.

And I tell you more, I did learn much more from his thread in that other website than any other thread here put together.

He may come accross as a bit of an arrogant person but he is putting his money where his mouth is. Whereas people here are very good when it comes to shot you down.

What a bunch of Misters Know It All.

Congratulations on performing well by taking excessive risk on a tiny sample size. Watch out for the Law of Large Numbers - it'll catch up with you eventually!

 

[arabianights]

Hi, yes that is me. I've noticed a lot of newbie traders picking that thread up with some horrible ideas about stop losses in particular. The 'strategy' seems to be, guess the direction, though not much thought is put into that, something along the lines of 'its fallen 500pts in the last couple of days so its bound to go up'. Then open the trade. Their confusion then comes as they dont know how wide to have their stop loss so that it isnt hit before the trade (might) go into profit....

There seems to be virtually no discussion on setups. I'd like to give the odd pointer but honestly, I dont really care if they blow up their accounts and I wont pretend to. I think if im honest I even smile a little at their misfortune and bizarre desire to call themselves 'traders' to justify throwing lots of money at something for which they have done no preperation and is effectively the same as thowing at the bookies, minus any sporting excitement.

this.

Also I can't help but find a lot of the criticism of spanish to be undisgusied jealousy, or envy at least... at part of his character or success anyway...

hehe

 

[Rbarr]

so now you know how to:
scam people off e-bay
rob money from yer mom
have sex with an underage girl
claim benefits for which you're not entitled
try to join the police when you're patently not fit to do so
lie about your age
lie about your occupation
lie about your trades
lie to web site admin on identity
and scam the neighbour out of his hot water
?

LOL.... some people don't deserve to live.

I tell you more. I bet you that in one year time I will still be laughing while you will still be sucking a lemon.

Deal?

 

[Lee Shepherd]

spanish89 - Google Search




shaq - Google Search




Everyone knows who Shaq is, right?

WTF is spanish89???

The guy is a joke, good and proper and should not be allowed on the internet full stop. I dont believe a word he says or does. How can he be trading then drinking rose champagne whilst being out in the town and shopping at the same time as well as posting all that sh1t on the world wide web. Even if the guy doesnt sleep he still wouldn't have enough time to do the things he says and still find time to post all over the place. The guy is an expert in almost all works of life and is only 19.

I dont even believe he is real half the time, he acts more like a drone surfing the web to drum up some kind of business for the name. If he is real, God help him or maybe Getalife.com could help.