Funniest Trading site Award

Discussion in 'Educational Resources' started by Wappers2, Jan 10, 2003.

  1. Klutz dude, give it up - he is too dense to understand that you are being sarcastic... he thinks you are on his side!! Good hunting today!
     
    #21     Jan 14, 2003
  2. Oh yes! for only 500 bucks a month, Professor Ned will make you 30k! Coupla magic trades a day! Woof!

    http://www.winningedgesystem.com/

    Here's a little sample of his amazing infallibility!

    Performance

    December 2002
    Total # of trades : 21 Net Gain (excluding comm.) +15,975
    Total Winning Trades : 13 Total Gain +19,475
    Total Losing Trades : 7 Total Lost - 3,500
    Total Break Even: 1

    November 2002
    Total # of trades : 34 Net Gain (excluding comm.) +31,200
    Total Winning Trades : 25 Total Gain +33,700
    Total Losing Trades : 5 Total Lost - 2,500
    Total Break Even: 4

    October 2002
    Total # of trades : 37 Net Gain (excluding comm.) +30,975
    Total Winning Trades : 27 Total Gain +35,975
    Total Losing Trades : 10 Total Lost - 5,000

    September 2002
    Total # of trades : 34 Net Gain (excluding comm.) +37,975
    Total Winning Trades : 28 Total Gain +40,975
    Total Losing Trades : 6 Total Lost - 3,000

    August 2002
    Total # of trades : 35 Net Gain (excluding comm.) +27,800
    Total Winning Trades : 23 Total Gain +33,800
    Total Losing Trades : 12 Total Lost - 6,000

    July 2002
    Total # of trades : 39 Net Gain (excluding comm.) +52,300
    Total Winning Trades : 30 Total Gain +56, 875
    Total Losing Trades : 9 Total Lost - 4,575

    ( Performance has been rather high for the month of July. This is mainly
    due to high volatility in the market. Since when our signals were right , profits were big and market moved to our favor rather fast.)

    My God where do these people come from???
     
    #22     Jan 14, 2003
  3. miniTrdr

    miniTrdr

    fdates.com - but watch out if you sign up for the newsletter. theres a warning that if you use hotmail you might not receive it. apparently hotmail thinks its spam :)


    http://fdates.com/fd_plans.htm scroll to bottom to see spam warning for hotmail.
     
    #23     Jan 14, 2003
  4. That is superb - even down to the bizarre 'mini me' trader image top left - he seems to be standing at the start of the long greasy slide down into oblivion!

    Good one! I'll give that 8/10 for sheer cheese factor!
     
    #24     Jan 14, 2003
  5. rjt

    rjt

    I see that Wappers2 - the "rant raver" is at it again. Didn't I tell you, he never has a nice thing to say about anyone or anything?
    What a contribution he makes. All Iv'e learned from him so far is to skip his "contributions" when I see his name appear.

    A small thought on the markets:

    BEWARE THE GOOD TIMES


    It’s a wonderful feeling when everything seems to go right. Your trades are catching all the big trends, and the profits are piling up, with no end in sight. Nothing seems to be going wrong and your entry signals and exits are right on target. You just knew you had found the next best thing to the “holy grail”, and now you are thinking of increasing your number of trades to catch even more profits. Just imagine what the profits would have been if you had taken a pyramiding approach sooner.

    Well, hold on now for a minute. Have you noticed that profitable trades have seemed to go in cycles in the past? Just the same as a series of losing trades? The market seems to work in this manner. Always has. Always will. The market behavior has a will of it’s own, and no one can predict when it will change. It’s only when it has occurred, that you are aware that circumstances seem to be shifting. This is reinforced by the fact that you are experiencing more losing trades and your equity balance is decreasing.

    So, now what do you do? Increase your risk to the market? Reduce your risk and trade less? Subjectively pick and choose what trades to take? If the market is working to your advantage, what better time to increase the number of trades, and when the market seems to be working against you, what better time to decrease the number of trades? The problem with this scenario is that you will end up increasing your trades when the market turns against you, and when it does this, you decrease your trades. The end result is that you are likely to increase your losing trades and win your decreased number of trades. So you end up losing much more than you win. Result = go in the hole faster.

    There is no system on earth that works well in all markets. Trending systems work well in trending markets coupled with good volatility. Work poorly in sideways and reversing markets. Systems that pick tops and bottoms work well when support and resistance areas correctly pick reversing markets, but work poorly in trending times.

    Understanding this helps in making a decision of what to do when things are going well. Basically there are two approaches:

    1. If you are trading just one system, then the best, by far, approach is to be very disciplined in your trading habits, and this also refers to the discipline of sticking with the same number of contracts through thick and thin. Don’t vary your number of contracts per trade. If you do have the urge to some sort of pyramiding scheme, wait until you have at least doubled or tripled your starting equity, and then be very conservative in how much you increase your risk.
    2. Diversification. Trade more than one system, such as a day and short term approach. In this way, although you may lose with one system, this loss may be offset by a win with another system. Of course, when both systems win, you will improve your equity balance at a much faster pace.

    But under no circumstances, arbitrarily increase your risk just because you have a spate of winning trades. Remember, the market can kill you tomorrow, as well as make you a small fortune. With this in mind, trade disciplined – take your losses, and bank on making more on your winning trades than your losing trades.
     
    #25     Jan 14, 2003
  6. i don't think anyone's listening.

    Vinny

    ps that spankbook.com that you started is hilarious. Of course its comedy , right? Charging $750 bucks? That's funny!
     
    #26     Jan 14, 2003
  7. #27     Jan 14, 2003

  8. Vinny those who live in glass houses shouldn't be throwing stones LOL:D
     
    #28     Jan 14, 2003
  9. I'm throwing cinder blocks at this bozo.

    Know where you're coming from, don't compare the 2.

    1 is a snake oil scam, the other was a legit, profitable website (without outrageous sign up charges). The differences are obvious pussycat.
     
    #29     Jan 14, 2003
  10. was?? :eek:
     
    #30     Jan 14, 2003