Quote from Buy1Sell2:
Reasonable and we're getting closer to the meat of the issue. In all fairness to us though and to you as well, we need more than just the long bias and general targets. If it trades and stays above a certain level, or drops to a certain level, just take a moment and post the trade as you actually do it. I need to establish your credibility and keep you honest in your posting. Otherwise the targets mean nothing.
Hello Buy1Sell2 ... at the risk of raising your hackles, I have to ask why in the world you need to establish BLR's credibility. Only two reasons come to my mind:
1) you are a member of the ET Hall of Fame Recommendation Committee
2) you are looking to be spoon-fed some juicy trade setups
If #1, then my humblest apologies. But if #2, I'd say you are definitely barking up the wrong tree. I've lurked and posted at numerous trader forums for a good many years now, and if I've learned anything, it is that only a fool would believe he could trade and profit from another's signals. As the saying goes, this is only my opinion (subject to change on the next tick).
I'm just a dumb ole' struggling trader, but I'd say that BLR is accountable to himself, as regards following the rules of his trading plan; and to his broker, in the event of any margin issues.
Beyond that, these forums are a great place to chew the fat with other traders, to learn (or to at least appreciate) new approaches to the mkts, and to garner a sense of the general consensus. And in my case, to sometimes add a little more confidence/confirmation to my own trading signals. But for me to feel the need to establish someone's credibility is ludicrous - I leave it to the mkts to let anyone know how they are performing - lol. I take everyone's opinion at face value, knowing full well that sometimes they will be correct, and at other times dead wrong - kinda like trading.
Finally, perhaps I'm just being a cantankerous old fart who doesn't understand the rules of engagement here at ET. So just consider the above w/ a grain of salt, and realize its all just imvho!
Cheers ... tbone
