This is an interesting concept. I'm going to apply it to golf. Next time I tee off I'm aiming for the tree's. If I'm near the green.... fuck the pin, I'm going for the sandtrap. Hmmmm. Thanks Shooter.
Oh soz, seems like I've misunderstood you then. But there's always some useful stuff from your experience you can share that has not been written in books yet.
Ya know.....I meditated over this. Its like some kind of cosmic vortex. It really unleashes your mind.
I gave this some thought and came to this conclusion. It takes years of research, experimenting, learning, time, effort, trading, risk and expense to become a consistent profitable trader. No way anyone should give it away for free. At least barter for something. I taught my friend for exchange for software. Now he pulls 3k a week out of the market on a bad week. Sounds like a marketing scam but it's not what so ever. It cost me 10's of thousands to learn and i am still paying and learning. Anyone that expects a proper mentor should understand that, and contribute. I wish I had a seasoned mentor when I started. I paid to follow experienced traders. learned some new skills and left some behind. Absorb what works for you from many. Each individual trader will develop their own personalized strategy that works for them. Don't be afraid charge and to pay to learn.
My biggest grievance are the newbies who refuse to do any homework or research and only rely on our ideas and stock picks for Day Trades and Overnight or Three Months. Here's one of the classic situations I ran in to constantly over the years. Let's call him Trader Ted, he pops up on Instant Messenger asking "What is our plan for today"? I ask "Did you read through those stocks and see if you could find any reason why their acting out of normal? He said "No, went to my brother's house for football ended up going to bed at 10:00 PM and here I am, you know I need my ten hours of sleep"! Its 11:15 EST and I've been building a position in three great stocks waiting for them to move even higher to scale up. I told him "I don't have anything going, just watching a few stocks(they were part of the stocks he was suppose to research, I stayed up until 2 am researching and found a few rumors what made a couple move). He continues, can I borrow the password for your software to try to find something on the radar? The software costed $400 per month, I kindly declined his offer. Finally its about 14:40 EST and the third stock on the list starts breaking out and I buy a nice position and it rockets near the Close. He asked me "Did you see those stocks you asked about, they all went nuts today". I said "I know, I've been adding to my position before you got on the Chat and while we were talking and now its time to sell in to this straighten"! they were great trades"! This guy gets angry "How come you did not tell me what to buy"? I said "We all make choices, you do not like to spend any of your free time back-testing, researching or doing anything to contribute". He said "F- You" and that ended our one sided partnership, my trading got better because it was so nice not having someone say "Should I Sell, Should I Sell"? constantly after buying in to a stock that would probably not move until one hour before the Close or it was a multi-day trade. He blew up and soon there was a letter apologizing asking if I would work with him again. I never responded to his letter because there was nothing he could offer really. He was never meant to be a stock trader because he loved to gamble and refused to spend any free time away from golfing, hunting on "idle time" that's what he called researching stocks. When other traders feel their too good to spend non market hours looking for ideas we need to dump their worthless ass. The bulk of them blew up, it was not my fault for cutting them off and refusing to help people that refuse to help their own desire. The days of easy money from the 1990s were gone, no more auto-ex arbitrage, no more buy after the Open Gap up and wait near the Close for a second Gap UP because the rules totally changed and thats what blew most of them up.
I can appreciate that, i can't see how someone would follow another without even looking to see why they are thinking what they are thinking. So say X trader says he's the best and has the best pick, has a great track record. F him, you still have to look, x trader could be having a bad day, took red pill instead of blue hell i don't know. Could be a damn dumb trick to see if someone is stupid enough to buy it. One thing this forum taught me so far is this. Trust in yourself and everyone can f off. And i mean that is the nicest way. Really. When you have you cash out there why would you trust someone else. If someone has a brilliant idea sweet, i would check it out. Of course i don't have any cash on the line and i am really learning. Learning there are a bunch of snakes around that offer you the world for a small fee. Learning there are a bunch of people that want a money button and never do anything for it. And learning i don't know so much myself that i need to learn some more.