Registered: Aug 2006
08-28-06 07:31 PM
There were others who responded as well. "T" has been sending me annotated charts (he trades YM using S&R). I have been watching his charts, but have been unable to do more than that, due to the reasons I cited above. He asked for nothing upfront, until I would be successful using his methods, at which point we could come up with some suitable compensation.
GTS, I believe you are highly cynical. There are a lot of good people out there. I, for one, don't think there's anything wrong with helping someone else out, and would do so gladly were the tables turned. I believe ultimately when you help others, it comes back to you in some way or another.
In fact, if you open your eyes here on ET you will find real, successful traders helping others every day. You don't even have to go to your PM box or invent a hard-luck story. Just show a willingness to listen and learn.
The thread gave me the chance as well to meet some veteran ET posters (in a virtual sense), which was a fine experience. Again, I won't name names, and after the way I was derided (by granted only a few), I don't blame them for not posting their personal experiences on-thread. But in PM correspondence, they were refreshigly candid about their own experiences; how hard they had to work to become profitable, their failures, etc.
More recently, two amazing posts from Lescor and downrivertrader, that really made me think. Traderdragon's post also got me thinking, no doubt. I hope there is some truth in austinp's rebuttal, that the human trader brings something new to the game that can't be quantified by even a room-full of supercomputers. Because if my only chance in trading is to put my computer programming skills up against the likes of Traderdragon, I'm in trouble.
It didn't escape me that this thread spawned a Desperation2 thread. I don't think it's particularly shameful to ask for help when that help comes in the form of information. If you look around the internet, you will see all kinds of people giving help in all kinds of situations, out of the goodness of their hearts, or even for the satisfaction of knowing you've helped someone else. I daresay people-helping-people may be one of, if not the, mainstay of the internet. I, for one, don't see it as being the same as asking for handouts etc. I also don't see anything particularly mature about gloating in other people's difficulties. I don't think arrogance is a trait that goes well with trading, and when people who claim to be successful traders act arrogantly, immaturely, and callously, I question whether they are no more than posers.
Going over some other posts:
Thunderdog, even before you posted to this thread, you had my respect as a trader and a person. This post, however, has to be one of ET's all-time classics for its eloquence, and I take the liberty of repeating it here for posterity:
"Have you ever noticed how many Little Emperors there are among us who immediately pop up out of the woodwork the moment someone renders himself vulnerable with refreshing honesty and asks for guidance? Rather than address the specific issues raised by the poster, these omnipotents proceed to pass judgment on the lives of people about whom they have read a scant few paragraphs. At the drop of a hat, they will advise you of the limitations that will haunt you for the remainder of your natural life. Oh, what splendid lives these big-picture visionaries must lead from their lofty perches! On the other hand, perhaps they assert themselves here in a manner than they cannot, or dare not, attempt in real life. I think I'll go with door number 2.
P.S. The rest of us can only hope that they trade as adroitly as they dispense advice."
MartyS: As you can see, I did follow your advice. I'm happy I did so. Same to fedge, who said essentially the same thing a few posts earlier.