Funniest Trading site Award
- Thread starter Wappers2
- Start date
Oh yes! for only 500 bucks a month, Professor Ned will make you 30k! Coupla magic trades a day! Woof!
http://www.winningedgesystem.com/
Here's a little sample of his amazing infallibility!
Performance
December 2002
Total # of trades : 21 Net Gain (excluding comm.) +15,975
Total Winning Trades : 13 Total Gain +19,475
Total Losing Trades : 7 Total Lost - 3,500
Total Break Even: 1
November 2002
Total # of trades : 34 Net Gain (excluding comm.) +31,200
Total Winning Trades : 25 Total Gain +33,700
Total Losing Trades : 5 Total Lost - 2,500
Total Break Even: 4
October 2002
Total # of trades : 37 Net Gain (excluding comm.) +30,975
Total Winning Trades : 27 Total Gain +35,975
Total Losing Trades : 10 Total Lost - 5,000
September 2002
Total # of trades : 34 Net Gain (excluding comm.) +37,975
Total Winning Trades : 28 Total Gain +40,975
Total Losing Trades : 6 Total Lost - 3,000
August 2002
Total # of trades : 35 Net Gain (excluding comm.) +27,800
Total Winning Trades : 23 Total Gain +33,800
Total Losing Trades : 12 Total Lost - 6,000
July 2002
Total # of trades : 39 Net Gain (excluding comm.) +52,300
Total Winning Trades : 30 Total Gain +56, 875
Total Losing Trades : 9 Total Lost - 4,575
( Performance has been rather high for the month of July. This is mainly
due to high volatility in the market. Since when our signals were right , profits were big and market moved to our favor rather fast.)
My God where do these people come from???
http://www.winningedgesystem.com/
Here's a little sample of his amazing infallibility!
Performance
December 2002
Total # of trades : 21 Net Gain (excluding comm.) +15,975
Total Winning Trades : 13 Total Gain +19,475
Total Losing Trades : 7 Total Lost - 3,500
Total Break Even: 1
November 2002
Total # of trades : 34 Net Gain (excluding comm.) +31,200
Total Winning Trades : 25 Total Gain +33,700
Total Losing Trades : 5 Total Lost - 2,500
Total Break Even: 4
October 2002
Total # of trades : 37 Net Gain (excluding comm.) +30,975
Total Winning Trades : 27 Total Gain +35,975
Total Losing Trades : 10 Total Lost - 5,000
September 2002
Total # of trades : 34 Net Gain (excluding comm.) +37,975
Total Winning Trades : 28 Total Gain +40,975
Total Losing Trades : 6 Total Lost - 3,000
August 2002
Total # of trades : 35 Net Gain (excluding comm.) +27,800
Total Winning Trades : 23 Total Gain +33,800
Total Losing Trades : 12 Total Lost - 6,000
July 2002
Total # of trades : 39 Net Gain (excluding comm.) +52,300
Total Winning Trades : 30 Total Gain +56, 875
Total Losing Trades : 9 Total Lost - 4,575
( Performance has been rather high for the month of July. This is mainly
due to high volatility in the market. Since when our signals were right , profits were big and market moved to our favor rather fast.)
My God where do these people come from???
fdates.com - but watch out if you sign up for the newsletter. theres a warning that if you use hotmail you might not receive it. apparently hotmail thinks its spam 
http://fdates.com/fd_plans.htm scroll to bottom to see spam warning for hotmail.
http://fdates.com/fd_plans.htm scroll to bottom to see spam warning for hotmail.
Quote from miniTrdr:
fdates.com - but watch out if you sign up for the newsletter. theres a warning that if you use hotmail you might not receive it. apparently hotmail thinks its spam
http://fdates.com/fd_plans.htm scroll to bottom to see spam warning for hotmail.
That is superb - even down to the bizarre 'mini me' trader image top left - he seems to be standing at the start of the long greasy slide down into oblivion!
Good one! I'll give that 8/10 for sheer cheese factor!
I see that Wappers2 - the "rant raver" is at it again. Didn't I tell you, he never has a nice thing to say about anyone or anything?
What a contribution he makes. All Iv'e learned from him so far is to skip his "contributions" when I see his name appear.
A small thought on the markets:
BEWARE THE GOOD TIMES
Itâs a wonderful feeling when everything seems to go right. Your trades are catching all the big trends, and the profits are piling up, with no end in sight. Nothing seems to be going wrong and your entry signals and exits are right on target. You just knew you had found the next best thing to the âholy grailâ, and now you are thinking of increasing your number of trades to catch even more profits. Just imagine what the profits would have been if you had taken a pyramiding approach sooner.
Well, hold on now for a minute. Have you noticed that profitable trades have seemed to go in cycles in the past? Just the same as a series of losing trades? The market seems to work in this manner. Always has. Always will. The market behavior has a will of itâs own, and no one can predict when it will change. Itâs only when it has occurred, that you are aware that circumstances seem to be shifting. This is reinforced by the fact that you are experiencing more losing trades and your equity balance is decreasing.
So, now what do you do? Increase your risk to the market? Reduce your risk and trade less? Subjectively pick and choose what trades to take? If the market is working to your advantage, what better time to increase the number of trades, and when the market seems to be working against you, what better time to decrease the number of trades? The problem with this scenario is that you will end up increasing your trades when the market turns against you, and when it does this, you decrease your trades. The end result is that you are likely to increase your losing trades and win your decreased number of trades. So you end up losing much more than you win. Result = go in the hole faster.
There is no system on earth that works well in all markets. Trending systems work well in trending markets coupled with good volatility. Work poorly in sideways and reversing markets. Systems that pick tops and bottoms work well when support and resistance areas correctly pick reversing markets, but work poorly in trending times.
Understanding this helps in making a decision of what to do when things are going well. Basically there are two approaches:
1. If you are trading just one system, then the best, by far, approach is to be very disciplined in your trading habits, and this also refers to the discipline of sticking with the same number of contracts through thick and thin. Donât vary your number of contracts per trade. If you do have the urge to some sort of pyramiding scheme, wait until you have at least doubled or tripled your starting equity, and then be very conservative in how much you increase your risk.
2. Diversification. Trade more than one system, such as a day and short term approach. In this way, although you may lose with one system, this loss may be offset by a win with another system. Of course, when both systems win, you will improve your equity balance at a much faster pace.
But under no circumstances, arbitrarily increase your risk just because you have a spate of winning trades. Remember, the market can kill you tomorrow, as well as make you a small fortune. With this in mind, trade disciplined â take your losses, and bank on making more on your winning trades than your losing trades.
What a contribution he makes. All Iv'e learned from him so far is to skip his "contributions" when I see his name appear.
A small thought on the markets:
BEWARE THE GOOD TIMES
Itâs a wonderful feeling when everything seems to go right. Your trades are catching all the big trends, and the profits are piling up, with no end in sight. Nothing seems to be going wrong and your entry signals and exits are right on target. You just knew you had found the next best thing to the âholy grailâ, and now you are thinking of increasing your number of trades to catch even more profits. Just imagine what the profits would have been if you had taken a pyramiding approach sooner.
Well, hold on now for a minute. Have you noticed that profitable trades have seemed to go in cycles in the past? Just the same as a series of losing trades? The market seems to work in this manner. Always has. Always will. The market behavior has a will of itâs own, and no one can predict when it will change. Itâs only when it has occurred, that you are aware that circumstances seem to be shifting. This is reinforced by the fact that you are experiencing more losing trades and your equity balance is decreasing.
So, now what do you do? Increase your risk to the market? Reduce your risk and trade less? Subjectively pick and choose what trades to take? If the market is working to your advantage, what better time to increase the number of trades, and when the market seems to be working against you, what better time to decrease the number of trades? The problem with this scenario is that you will end up increasing your trades when the market turns against you, and when it does this, you decrease your trades. The end result is that you are likely to increase your losing trades and win your decreased number of trades. So you end up losing much more than you win. Result = go in the hole faster.
There is no system on earth that works well in all markets. Trending systems work well in trending markets coupled with good volatility. Work poorly in sideways and reversing markets. Systems that pick tops and bottoms work well when support and resistance areas correctly pick reversing markets, but work poorly in trending times.
Understanding this helps in making a decision of what to do when things are going well. Basically there are two approaches:
1. If you are trading just one system, then the best, by far, approach is to be very disciplined in your trading habits, and this also refers to the discipline of sticking with the same number of contracts through thick and thin. Donât vary your number of contracts per trade. If you do have the urge to some sort of pyramiding scheme, wait until you have at least doubled or tripled your starting equity, and then be very conservative in how much you increase your risk.
2. Diversification. Trade more than one system, such as a day and short term approach. In this way, although you may lose with one system, this loss may be offset by a win with another system. Of course, when both systems win, you will improve your equity balance at a much faster pace.
But under no circumstances, arbitrarily increase your risk just because you have a spate of winning trades. Remember, the market can kill you tomorrow, as well as make you a small fortune. With this in mind, trade disciplined â take your losses, and bank on making more on your winning trades than your losing trades.
i don't think anyone's listening.
Vinny
ps that spankbook.com that you started is hilarious. Of course its comedy , right? Charging $750 bucks? That's funny!
Vinny
ps that spankbook.com that you started is hilarious. Of course its comedy , right? Charging $750 bucks? That's funny!
I still think this guy charging $100,000 is amazing:
http://www.elitetrader.com/vb/showthread.php?s=&postid=174832#post174832
Vinny those who live in glass houses shouldn't be throwing stones LOL
I'm throwing cinder blocks at this bozo.
Know where you're coming from, don't compare the 2.
1 is a snake oil scam, the other was a legit, profitable website (without outrageous sign up charges). The differences are obvious pussycat.
Know where you're coming from, don't compare the 2.
1 is a snake oil scam, the other was a legit, profitable website (without outrageous sign up charges). The differences are obvious pussycat.
was?? :eek: