Quote from balda:
one more thing all people that prise you either do it on their first post or being registered in August 2003 same as T-REX.
Hey, I am a new arrival too, not praising though, still trying to make up my mind.
You are right about new posters. But have you thought why this might be? Maybe, not being engaged in negative posts, new posters may have somewhat more objective view. Or at least, for the time being, unbiased.
The thing is that the EGO shows as much in bragging and lying and changing one's mind, as in knocking other's down. At page 79 of this journal I am still not convinced one way or another.
What is the point of knocking him down? If he is a fake he will shoot himself down sooner or later. Might even be more funny that way. There is always a noble reason of warning other, unsuspecting members of ET. But that is also a more internal than external reason. A smart trader will not follow other's advice unless they are sure and convinced by their own analysis, a stupid one will follow no matter what. And if not his, than other.
If he is a fake, then he is not the worse that could happen to a stupid trader. He could charge money for his system and subsription fee for recs. A lot of fakes do. And if he is collecting audience/customer base to flog something eventually, we still have the choice to buy it or not.
As a newcomer, I see a guy who started a journal and wants to call his trades in public. I don't know what his reasons are, could be to satisfy the ego, rounding up the customers, an intention to test himself against the best, or maybe even a genuine attempt to help someone. These are HIS reasons and I really don't care what they are. I care about MY reasons - and I want to learn something from him if I can.
Someone asked before what have we learned from this journal so far. This is what I've learned.
- I use similar system for entering trades as the system he originally posted. No big deal and no secret - many use similar methods - but application of his system, even if it failed has some lessons in it. To me, his stops were way too wide and I would pay much more attention to risk/reward ratio on each trade than he does, so this is the positive lesson from this early part of the journal
- I downloaded his 2 bar charlie system and track record but haven't read it yet. Also book marked the online demo thread to go with it.
- I learned that to have a more acceptable journal here one needs to be more organised than he appears to be. Ie clear trade parameters, more comments on the reasons for each trade and regualr track record since the start. This will help me if I decide to post my own journal eventually.
- I admire his enthusiasm and wish I had more of that when handling negativity. There is a lesson in this alone.
