How to be a Guru in 10 easy Steps

Trader666 · Sep 7, 2009

A while? In Feb you said you were a newbie:

My advice to newbies like myself is get what you need, keep a hold of your wallet, and get out as soon as possible. Thats what I intend to do.

http://www.elitetrader.com/vb/showthread.php?s=&postid=2309899#post2309899

But we know that was a lie and you're really steve911

Quote from stevesbg:

Now having been around this business for a while...
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Redneck · Sep 7, 2009

Quote from TheBestGuruEver:

This is a typical guru-style selling point. For concepts TO WORK, that means they make money. Then we need proof. Screen time, research, etc... are all horrible if done wrong. bad practice over and over means bad results.

If you come back and tell me the education is FREE....then fine, I'll back off.

Then, if you come back and say we must PAY for this "education", why can't we see if it yields results?

I have a friend that can teach you how to fly a plane. What questions would you ask him before you pay him hard-earned money?

Now I have a golfer that can teach you to golf? Any questions.....?

Let's not be ridiculous.

Free education is better than nothing and then up to the individual to decipher how to fit it into his personality.

Paying for something COMPLETELY unproven is definitely wrong.

I judge value on it if WORKED. When trading WORKS, you MAKE MONEY.

Please guru, don't come back with some smoke-and-mirrors like on your website.
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WTF

I step away and get tagged with a quote I never made

I agreed with Steve - people for the most part are not willing to work for what they want/ getâ¦.

I am a trader â nothing more - and I definitely have nothing to sell - or a web site

I am assuming Steve is a trader also - No - because I don't know him from adam

So clue me in please?

eta - BTW my kids don't even want to work for stuff most of the time - they just want me to hand it to them like their friend's parents do

RN

Redneck · Sep 7, 2009

Quote from MandelbrotSet:

Stevesbg is Steve46.

You have to do your homework before talking to these people Redneck Trader, you get all types on these internet Trading Forums.

P.S. It's up to you to take it from here, I'm not interested in getting involved in the dreck.
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I suppose I do - but I just ain't into all the BS - I'm not wired that way

I thought the way I was describing stuff was being interpreted as infantile by him

he referenced me specifically in his post - I responded to him

RN

MandelbrotSet · Sep 7, 2009

Quote from Redneck trader:

So clue me in please?
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TheBestGuruEver: A position trader (futures) who hates all GURUS.
MandelbrotSet: Daytrader (futures) who hastes most GURUS.
Trader666: Position Stock trader who (you guessed it) hates most GURUS.
Redneck Trader: Day/Position trader who (most likely) dislikes most GURUS.
Steve911: (aka Steve46, Stevesbg) works with professional traders, but loves to hangout at ET. His semi-professional status (no real pro in their right mind would be caught dead in this place) he thinks makes him better than most of the people on the Board and leads to delusions of grandeur. No idea about on his take on GURUS, don't really care either.

There ya go.

MandelbrotSet · Sep 7, 2009

Quote from Redneck trader:

I suppose I do - but I just ain't into all the BS - I'm not wired that way

RN
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I don't think someone claiming that their sister and niece jumped off a building during the 9/11 attacks is "BS" ... I think it's an insane, incredibly offensive, plea for attention.

Knowing what lies someone is capable of helps when having a conversation with them.

That, in its essence, is really what these "anti-GURU" threads are really all about.

Redneck · Sep 7, 2009

Quote from MandelbrotSet:

TheBestGuruEver: A position trader (futures) who hates all GURUS.
MandelbrotSet: Daytrader (futures) who hastes most GURUS.
Trader666: Position Stock trader who (you guessed it) hates most GURUS.
Redneck Trader: Day/Position trader who (most likely) dislikes most GURUS.
Steve911: (aka Steve46, Stevesbg) works with professional traders, but loves to hangout at ET. His semi-professional status (no real pro in their right mind would be caught dead in this place) he thinks makes him better than most of the people on the Board and leads to delusions of grandeur. No idea about on his take on GURUS, don't really care either.

There ya go.
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Thank you Sir

Just for the record - I hate everything they stand for/ try to do - no doubt

TheBestGuruEver

I still would like to know what the hell I said that set you off...

RN

Redneck · Sep 7, 2009

Quote from MandelbrotSet:

I don't think someone claiming that their sister and niece jumped off a building during the 9/11 attacks is "BS" ... I think it's an insane, incredibly offensive, plea for attention.

Knowing what lies someone is capable of helps when having a conversation with them.

That, in its essence, is really what these "anti-GURU" threads are really all about.
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See there is no way in hell I could even contemplate behavior like that â it is beyond insanity

My apologies for responding to him

Moderator if you read this please delete my response to Stevebg

eta - I just tried to delete it and could not

RN

Informed · Sep 7, 2009

Open 256 accounts,

Trade half against the other half, close those losers, you will end up with one account showing 100% winner (16/16)!

bwolinsky · Sep 7, 2009

Quote from stevesbg:

Here's a couple of comments for you Redneck

First, it seems to me that hardly anyone here is really interested in "education" (in learning about the profession). Instead what seems to be the case is that people here want instant solutions to their inability to trade profitably. They either want advisories, where people tell them when to pull the trigger and when to get out, or they want "setups" that work all the time (lol) or they want a system (turnkey preferred or some indicator) that they can plug-in and use like an ATM.....I get the impression that any of the above will satisfy the requirements.....

Now having been around this business for a while I know that none of the above are workable solutions for the long run. Further I know that none of offerings currently available are "real", that is to say, I don't of anything that works in the above categories, and I am pretty sure its like bigfoot (lots of stories but no evidence that it exists).

Finally I figure that the obsession with "making sure" and "getting proof" and the bashing when people can't deliver, smells to me like the tantrums that very little kids put on when they are told they can't have ice cream (or some such thing)

My point is that this whole thread reeks of infantile complaining. Seems to me that adults would simply take note of what is real and then move on to concepts that DO work (education, research, screen time, testing).

Now I figure that the more immature folks are, the more likely they are to take my comment personally, so the flames are comming I'm sure, but I also think I am pretty close to right on with my comment.

Good trading to you sir
Stevesbg
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Education, Research, and Screen Time are some of the biggest factors in a trader's success but really without the "testing" phase that can be done without financial risk, I would say this is where the 95% of failed traders miss their chance to join the 5% or so that can make it.

TheBestGuruEver · Sep 7, 2009

RN,

Sorry if quoted you for something you did not write.

So let me say something gurus do NOT like saying...

I was wrong.

I apologize to RN.

RN did not deserve that.

Steve did.

I should have done some research before simply ASSuming you said it.

You did NOT.

LOL

late