Fading a Guru

[1a2b3cppp]

Quote from MarketMasher:

But, since he is doing his own interpretation of Larry William's signals (not fading an actual call from a LW newsletter), isn't he starting with the assumption that he fully understands the LW strategy he is choosing such that he would trade it EXACTLY as LW would?

And if he doesn't interpret it EXACTLY like LW would, isn't he actually fading...himself?

YOU DO NOT UNDERSTAND. THIS IS A JOURNAL ABOUT GOTTA_TRADE DEVELOPING A TRADING PLAN AND THEN TRADING IT. NOTHING MORE, NOTHING LESS.

 

[gotta_trade]

Quote from BlackBison:

So much potential for learning something in this thread, but the OP for some reason is joking around.. oh well bad luck you new traders

In all seriousness, why would you say that I am joking around? I came up with my idea and I stated that within a week, I'll have my trading plan developed and I'll trade it.

I'm in no way joking around. I wanted this journal to show the progress and the completion of developing a detailed trading plan. Then I would document all of my trades, entries, stops, and exits.

I started this tread Tuesday night. It took me one night to select the guru and on Wednesday I spent my night diving into his videos and books. I stated that within a week my trading plan would be developed and I would then take the trades.

But for some reason, the majority of the posters either questioned my motives or wanted to advise me as to which guru I should fade. I believe that most are missing the purpose of my journal. But that's okay, I don't mind.

Trading is about taking advantage of the decisions that other make. Seeing something that others don't see. I have alot of respect for what Larry Williams accomplished, but my objective was to fade the methods that he attempts to teach to others. So in effect, my journal was about fading the perceptions of the people that learn from gurus.

I'm still going to follow through with my plan but I don't plan on posting about it.

Moderator, can you please close this thread and please delete all posts subsequent this post.

Thanks
gotta_trade

 

[BlackBison]

If you were serious then why aren't you trying to find gurus with really bad records to fade? Isn't the point of the thread to learn something useful that could make mnoney?

 

[gotta_trade]

Quote from BlackBison:

If you were serious then why aren't you trying to find gurus with really bad records to fade? Isn't the point of the thread to learn something useful that could make mnoney?

As I mentioned in my previous post:

Trading is about taking advantage of the decisions that other make. Seeing something that others don't see. I have alot of respect for what Larry Williams accomplished, but my objective was to fade the methods that he attempts to teach to others. So in effect, my journal was about fading the perceptions of the people that learn from gurus.

This is my last post in this thread.

Thank you.


P.S. Moderator(s), can you please close this thread and delete any posts the were posted subsequent this post. Thank you.


[Edit by Magna — at gotta_trade's request this journal has been closed]