Quote from porgie:
to the forum BOSSMAN ..B1S2........THE 45% results is very sad for me to see ....please strive to get that to well over 60% minimum.......the lower win loss ratio will begin to erode the one thing you or no one else can succeed without......confidence............the cut the losses short and let the winners run, is suitable for professionals only .........not guys like you and me........please don't be offended as i don't know you, but have a lot of respect for you based on the kindness you have shown me and many others on the forum...i wish you all the best, just want to see you come on with your progress.....trust me , i have all i need......to be happy with porgie's trading career ..not fishing for your stuff to help me..i am not here for any other reason except i enjoy the forum..and maybe can inject a little idea or 2 VOLENTE THE CHECK IS IN THE MAIL....RECONSIDERED IT......BEST WISHES MR..B1S2
Porgie, the more you post the more you make it clear you have absolutely no idea what you are talking about. A higher winning percentage is nice but IT IS NOT THE GOAL!!!
The goal is to take more money out of the market. If I found a tweak to my system that caused my winning percentage to drop 5% but allowed my winners to be larger than before any trader worth their salt makes that adjustment. Some of the greatest systems ever developed win approximately 40% of the time. I guess you would have passed on thiose system and let the millions slip away because the winning percentage wasn't high enough.
If B1B2 stats are legit then he is light years ahead of you. Should he strive to improve winning percentage, of course. But NOT FOR THAT REASON ONLY. $$$ is the goal, not building confidence. Pay your wife or girlfriend to tell you how great you are everyday if that is what you need. My confidence grows when money is flowing into my account instead of out of it, regardless of winning percentage.
The reason I don't like you is becuase newbie traders who don't know that most people on these forums don't have a clue ask questions hoping for good advice. Your advice is always harmful, and best case it is very vague because you are not a successful trader. If your such a good trader offering advice as you do in the above quote why do you need a chat room?
Your history on ET with chat rooms is well documented. You never offer live advice or calls. When people in the Chat room have asked you to make a call with your 100% system, you decline. Pathetic.
I see you have never posted once on this thread about a position you took during the day. Why is that? Is it because it is easier to wait until the trading day is over and then critique everyone else on what they should have done which is what you seem to do?
You also made a post recently about how support and resistance trading doesn't work. I guess I have just been lucky all these years trading and writing systems to trade S&R. I believe it doesn't work for you but please don't influcence new traders stating that these are FACTS when the fact is that you have not figured out how to trade them.
You have mentioned many times that you trade moving averages and they work regardless of what other people say. Good for you ... they don't work for me but I don't go around posting that they are useless. They are useless to me, but maybe the holy grail to someone else. Your are not the keeper of all trading knowledge and you are hurting young traders with these Porgie FACTS.
I will probably get the standard reply from some of the guys here asking me to cool it, not post again, etc. If one newbie reads this and decides to pass on your advice it will be worth it.
Also, no need to reply with your standard "I will pray for you" post. If you want to pray for me, prayers are always welcome. I will pray for you to realize the damage you are doing to new traders by giving out bad advice. You may also want to work on that honesty thing, you know, the 100% thing.
