I'm Looking for Traders to Invest With
- Thread starter Doug Allen
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Hi austin,
I could have sworn I answered a PM of yours, but I might be mistaken. I've answered about 100 PMs in the last two days and I've sort of lost track. If you did PM me and I didn't respond, I apologize!
I just want to expand on what you wrote in your post. I'm not looking to groom fresh starts with the mental training. The intent of the coaching is to help anybody, no matter what level, get a clearer understanding of what's driving their own patterns. Once somebody understands the driving force behind their own decision making process, they often are able to remove any limiting or self-sabotaging behaviors.
In trading terms, the coaching is to keep people from doing something idiotic and blowing up. And it's to make sure traders don't do something almost equally idiotic, which is fail to pull the trigger on high probability trades because they let fear hold them back.
Anyway... you can now tell people that I've answered you.
Thanks,
Doug
Hi Sushi,
Thanks for the reply. I hope you don't mind, but I'm going to use your post as a "teachable moment" that can apply to the small handful of negative responses I've gotten on this thread.
As one person put it, what I'm really offering here is a free call option. I provide capital for somebody to trade. The upside is shared, and the trader has no downside. A friend of mine said a person would have to be a complete moron NOT to at least consider this offer.
I disagree. The people, like Sushi, who go to the effort of actually spending their time typing a response to ridicule me, based on zero personal knowledge about me, are not idiots (even though their actions could be considered idiotic).
For all Sushi knows, I could be a billionaire with $20 million ready to allow him to trade for me. (I mention this because this is exactly how I got started!). But instead of even exploring this possibility, Sushi, and others, made a different choice. They choose to ridicule and insult not only me, but my friend and trading coach, Patty DeMartin. I posted here asking for nothing, and offering free coaching an opportunity for other people to make money.
So why would Sushi and others choose not even to explore the possibility that the opportunity is real?
That easy. Because it makes them feel good. It's really that simple. The people ridiculing me without even making a tiny effort to see if they might benefit from this offer do it ONLY because of the feeling it gives them. I'm sure Sushi and others felt a certain emotion when they saw my post. I'm guessing my OP threatened their significance on several levels. So by taking time out of their day to post something derogatory, it made them feel good again -it made them feel significant by putting somebody else down. And in Sushi's case, he got to ridicule me, Tony Robbins, and anybody who "believes in" remote viewing. There's no intelligent thought process involved.
Now here's the "teachable moment."
As traders, how many of us have at one time or another made a trading decision that was based on the same pattern Sushi displayed? Either we were out of the market and felt bad because we missed a move, so we chased it. Or we were in a trade that was going against us, and we felt pain, but it would have been more painful to admit we were wrong and close the trade?
I'm sure this happens all the time.
That's the funny thing about emotions. Pain makes us act in a way to remove the pain, even if it's irrational. People trade money for significance all the time. Sushi is willing to trade the possibility of free money for a few moments of significance.
How many people can honestly look at Sushi's post and say his decision to insult me was rational in any way? Even if people don't realize that I'm a man of integrity, or don't believe I'm a successful fund manager, they still have nothing to gain by insulting me, except a few seconds of emotional gratification.
So I don't think Sushi is a complete idiot. He's just human like the rest of us. We all make irrational decisions based on fulfilling our short-term emotional needs. The problem is when you do this when you're trading you'll almost guarantee you'll lose money. Which is why I'm guessing Sushi, and the others who insulted me, don't care because they're probably losing money trading anyway, and they understand that nobody would trust them with their money.
Of course I don't know this to be true, but I would guess that if they can't act rationally and control their emotional impulses on an internet forum, they probably have a hard time controlling their emotions when they're trading.
Doug
P.S. I've now had well over 100 people say they're interested in my offer. I am working on how to proceed with the next step.
<i>"I just want to expand on what you wrote in your post. I'm not looking to groom fresh starts with the mental training. The intent of the coaching is to help anybody, no matter what level, get a clearer understanding of what's driving their own patterns. Once somebody understands the driving force behind their own decision making process, they often are able to remove any limiting or self-sabotaging behaviors.
In trading terms, the coaching is to keep people from doing something idiotic and blowing up. And it's to make sure traders don't do something almost equally idiotic, which is fail to pull the trigger on high probability trades because they let fear hold them back. Anyway... you can now tell people that I've answered you."</i>
I did not PM you, nor did you reply to my public post here. Case of missed communications, nbd. Sounds like you have a lot of sorting to do, consider my PM to follow 101 choices to select from.
Training & coaching exposure is perfectly fine for anyone. Show me a trader who is not open-minded and constantly growing... you've likewise shown someone who is stagnant, peaked and probably regressing. If it's part of the process where true core intent is managing money, nice bonus.
No CTA or independent futures trader can have too much capital to work with. Stock traders might hit low ceilings of liquidity, but trading ES, ZB, ZN and/or additional markets can handle pretty solid eight-figures capital before size becomes a real limiting issue.
Time will always promote or expose anyone / anything. I naturally assume everyone is upfront until proven otherwise, as noted before. Nothing to be concerned about with your offer imo, good luck with wherever it leads you to.
In trading terms, the coaching is to keep people from doing something idiotic and blowing up. And it's to make sure traders don't do something almost equally idiotic, which is fail to pull the trigger on high probability trades because they let fear hold them back. Anyway... you can now tell people that I've answered you."</i>
I did not PM you, nor did you reply to my public post here. Case of missed communications, nbd. Sounds like you have a lot of sorting to do, consider my PM to follow 101 choices to select from.
Training & coaching exposure is perfectly fine for anyone. Show me a trader who is not open-minded and constantly growing... you've likewise shown someone who is stagnant, peaked and probably regressing. If it's part of the process where true core intent is managing money, nice bonus.
No CTA or independent futures trader can have too much capital to work with. Stock traders might hit low ceilings of liquidity, but trading ES, ZB, ZN and/or additional markets can handle pretty solid eight-figures capital before size becomes a real limiting issue.
Time will always promote or expose anyone / anything. I naturally assume everyone is upfront until proven otherwise, as noted before. Nothing to be concerned about with your offer imo, good luck with wherever it leads you to.
Hi Doug:
I have this offer for you. I can manage it, and take 3% of any possible loss on me. I will even pay you the first 3%.
In addition, I can train the coach in case of trading gaps I detect.
In case you doubt, check my market calls here, and also on my blog. However that is less important. What is important is risk management, and money management in case I am wrong, even if I rarely miss. I trade indices, forex, and options.
RFT is a deadly weapon. More capital, leads to more profit. BUT, the capital cannot be too large in any given instrument. (no more than 5% on any given vehicle that trades per day).
PM Me if you are serious. We can also talk if you are serious.
Doug:
I understand the psychological part in trading, but the real reason is not that people are dumb or cannot control themselves. The reason is that the model in their head is against the model been played out.
To fix this, one needs trading methods based on scientific results. Such as if there A, then I will have B.
The trade then detect A, and know that we will have B, and during the time he is waiting, if he detect conditions (numbers/etc) that violate the path towards B, he stops the trade.
You see, what is missing is the scientific/mathematical knowledge, not the pep talk.
If you coach does not understand what I just wrote, I think that there is a room for that coach to learn a lot.
Thanks.
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