Why do folks reveal Profitable Strategies, are they NUTS?

i discuss general concepts with the general public

i would NEVER reveal a profitable strategy to anybody but a paying client

 

nkhoi, no offense, but you are out to lunch.

 

"Puretick.com has an automated strategy that has worked quite well in the past 6 months or so."

So, are you using it Neet?

 

<i>"i discuss general concepts with the general public

i would NEVER reveal a profitable strategy to anybody but a paying client"</i>

Ya get what ya pay for in life.

Charity time is best spent helping the helpless... children, elderly, poor, ecology, wildlife, environment, etc.

Teaching others how to make money is business, not charity.

 

Automated strategies are not my thing. I not only do better manually but obviously feel much more in control.

Have I used it in the past ? Yes. Has it been profitable ? That too.

 

so you used it and it was profitable but you don't use it now?

 

profitable strategies come and go as the market changes.

but the most profitable strategy is solid money management.


i dont believe there are any "secrets" out there. if there are non-traditional ways of making money, it is just a matter of doing your home work and finding those ways to exploit opportunities.

"there is nothing new on wall street".

 

base on daily posting, some member has very nice lunch

 

yes

i look at trading as having four elements (for the discretionary trader)

1) emotional. arguably the most important. you are your own worst enemy. your emotions (fear, hope, greed, euphoria, panic) will work against you. that's how the market is designed, as a dynamic feedback system which is the aggregated results of all traders. have to master yourself before you can master the market

2) business plan. have a business plan. WRITE IT OUT. follow it. trading is a business. every trade is a business decision. your trading capital is your most important business asset. protect it

3) your trading methodology. this is what most traders ONLY concentrate on, but without 1 and usually 2, even a positive EV 3 will result in failure. but assuming 1 and 2, having a positive expectancy methodology is key

4) your execution skills. even with the above 3, you have to be able to execute trades. iow, being very familiar with your order entry system, and being able to work the book a little can help as well. after all, being paid the spread is much better than paying it