More guru gobbledegook speak. Pay what forward to whom? LMAO, besides you don't trade stocks and/or longer than intraday.
Back when I traded stocks I did hold for many days. In such cases I usually lost. But when I day traded stocks I made money. I was not a good stock picker for holding. Pay your super dupper chartless system forward to all the ET’ers so they can make some $$ and quit looking at charts scratching their heads. Your chartless system aka “the secret sauce” as of now should work better when more people know about it. The guru’s might even start making money with it. Just think...sharing = more $$$ for thee.
UIS 30 min. It is in my journal. A poster named poljot posted it there with some questions about it. It is now at a point where it might have a successful BO.
Then why aren't all the successful non-vendor traders, trading firms and hedge funds sharing the specifics of their methods? You know, according to you, for their own benefit?
Because they are scared as a cat with a long tail in a room full of rocking chairs. Second, they think they got a secret sauce and a lock on the markets.
Actually, there are some which do. Check out this book. The thing is if you discover or create a really, really good system, you don't have time or interest to be a vendor, run chat rooms or webinars to share with the general public. You want to maximize what you got by extracting profits from the markets.
Mickey, you seem to be pretty knowledgeable on the subject of Brooks. Maybe you can summarize in a sentence or two exactly what Brooks "style" is for the uninformed. Maybe Freddie can help as he likes to type.
That is true, to an extent. And the extent will be different for each person. Trading is like most other "jobs"... Your income is directly attributable to what you, one person, can achieve (like in sales), or what you, one person, is "paid" for doing a "job". When you, one person, can no longer perform, whether temporarily or permanently, the income stops. Just like most other "jobs". This creates a fork in the road with three paths (at minimum)... When trading is no longer possible or viable, regardless of reason, trading income ends. This is the path many/most people with "jobs" will take. Create trading income where the amount of income itself becomes a "legacy" of sorts. (I think this is the option you presented). Promote or teach skills and knowledge to create a trading (income) "legacy". To/for family only, to/for the public, or to/for both. It can be a combination of a business decision and a succession decision, as appropriate. Carry On!