"We all know that there is no "system" or "method" that will work for very long" The "All" and 'No" in above sentence make your statement not correct at all. It is possible that the statement does not accurately convey what you have in your mind. Pls. comment if so. The true education of a profitable trader is teach the person the analysis methods, skills, methods and systems to eliminate the very "systems" and "methods" for which your statement is invalid. The trader will therefore be felt out with systems and methods that work for a very long time. Note that by systems and methods I do not mean a mechanical repetition, but rather analysis and reasoning that only a human can make. Though the analysis and reasoning are mechancal, they require learning to acquire.
Because they knew that you will write "remove" instead of "removed". So they removed it to test your knowledge of English (your mother tongue?) :eek:
To illustrate some of what I mean in my post quoted below, a real knowledgeable trading educator MUST be able to explain with mathematical proof a point made by austinp (and commented on by others) that reversing a set of losing trades will not necessarily make them profitable. Could someone provide the mathematical proof for the above? The proof exist because I have that proof. Therefore you will not be wasting time if you were to think about it. This is the kind of results that a student should pay for, because it is based on irrefutable, insightful and useable evidence that works all the time. So you pay to sit on a non-shaky solid intellectual real-estate. Cheers!
Though i would contribute by posting what i use, i didn't create it, but i forgot where i found it. Hope this helps some of you.
LOL With an english teacher like riskfreetrading getting her panties all up in a bunch, I'd better wach my punctuation around here. *** So why was Cutten's post removed? It's your thread and I know you're reading it Brandonf, so please answer.
Non sequitur - concluding that gurus who won't provide account statements are a waste of money does not imply that trying to learn by yourself solely by using internet message boards is a good idea. It's important here to clarify the distinction between a guru/vendor and a mentor. A mentor: 1) Is motivated primarily by the desire to teach other people to become profitable traders 2) Aligns his self-interest with that of the student (e.g. profit-split, or giving advice in return for grunt-work/research) 3) Is honest and fully discloses the reality of the situation - how likely the person is to succeed, the pitfalls, risks, and rewards. 4) Focuses mostly on teaching useful skills 5) Has a small number of proteges who he gives a lot of individual attention to A guru/vendor: 1) Is motivated primarily by the desire to extract as much cash as possible from their customers 2) Does not align his self-interest with that of the customers, and in many cases has an arrangement where their interests are directly *opposed* (e.g. charging flat fees, subscriptions) 3) Does not fully disclose the reality of the situation. 4) Focuses mostly on sales and marketing (seminars, DVDs/CD-ROMs, gimmicks etc) 5) Has a large number of customers who he gives little individual attention to In my opinion, a mentor is far superior to a guru/vendor. There are also various other ways to learn, that are faster, cheaper, and better than solo off the internet: 1) Join a good trading firm, hedge fund, or financial institution that trades. Learn while getting paid, from proven profitable practitioners. 2) Work on an exchange floor as a clerk. Learn from the guy you clerk for, and other traders. 3) If you can't get either of those two, then find a profitable trader, and get mentored in return for doing grunt work, a profit split, or other situations where your interests and that of the mentor are aligned (i.e. they only make money if you do). 4) Join a reputable prop shop which offers a payout split and/or salary and does not churn or gouge you. 5) Do a lot of reading - stuff by and about proven profitable traders, not message board junk. Then experiment with small size, keep a trading diary, collaborate with other people online or in person, and teach yourself. This is slower and more expensive than the other options. You could also choose to use a guru/vendor. In my opinion, and in the experience of many people who have been disappointed by them, in most cases all this will do is waste your time and money. Focus on finding a mentor, not a vendor.