Two 15 year successful day traders, why is one protective and other Isn't
- Thread starter 9toros
- Start date
Although I don't trade for so long and am not likely to have the same kind of method your friend has, I reveal everything when I am drunk, talking with non trading and trading friends. I just endlessly talk about trading and how I trade ...
My non trading friends I get drunk with would seriously have a faster learning curve than me...
My non trading friends I get drunk with would seriously have a faster learning curve than me...
First of all...
NO ONE running a successful trading business has time to "teach"...
Unless their are hiring...
So the basic premise of this thread is BS.
People may talk or promote themselves...
In the hope of finding investors...
Or just to inflate their ego...
And even be very open...
But this is not "teaching"...
Because success in this business cannot be "taught".
That's the key issue.
Most successful traders are doing something sufficiently complex...
That only 2-3% of the people here at ET could duplicate it...
Even if I wrote them a 50 page manual and held their hand.
To give a very specific example...
I have had 6 CPA accountants in 15 years...
Each had total access to all my trading records...
And only ONE has understood how I make money...
Because he is a CPA plus has a Masters Degree in Math.
NO ONE running a successful trading business has time to "teach"...
Unless their are hiring...
So the basic premise of this thread is BS.
People may talk or promote themselves...
In the hope of finding investors...
Or just to inflate their ego...
And even be very open...
But this is not "teaching"...
Because success in this business cannot be "taught".
That's the key issue.
Most successful traders are doing something sufficiently complex...
That only 2-3% of the people here at ET could duplicate it...
Even if I wrote them a 50 page manual and held their hand.
To give a very specific example...
I have had 6 CPA accountants in 15 years...
Each had total access to all my trading records...
And only ONE has understood how I make money...
Because he is a CPA plus has a Masters Degree in Math.
is narcissism a common trait among truly successful guys? i wouldn't think so
Quote from 9toros:
here is a simple question, Why does one trader share his method freely and other one would not show it to his mother
Both are making ton of money daytrading both took long time to learn it, spent lot of time and money and made sacrifices
Why oh why does one keep quiet and another one thinks he should teach others
is one of them stupid.......BUT which one
PS: I am non sharing one, my friend is a blab mouth, we both make a ton
You know that guy. Why don't you just ask him directly why he want to share his method freely? Instead of getting the most straightforward answer from him, you choose to ask here.
If he is the one who will share his method freely, that is easy. Tell him to come here and share his method to the world. Then we'll see why he is generous about sharing his method. If he refuses to do, it means he does care who he is sharing, so your claim that "he wants to teach" or "shares his method freely" does not hold water.
I agree with Trader Henry.
To add on a little, there are a number of super-liquid vehicles that your colleague can apply his teachings to.
Even if everyone on this thread did what he said, exactly as he teaches it - it would not affect the price action of:
The S&P futures or the mini contracts
The Nasdaq futures or the mini contracts
Bond futures
The Spy shares
The QQQQ shares
Several Liquid Sector ETF's like XLF, SMH maybe XLU
The Japanese Index ETF (Can't remember the symbol right now)
Dollar/Euro interbank currency trading
Dollar/ Yen interbank currency trading
Dollar/Loonie interbank currency trading?
MSFT
In addition - there will be the inevitable % of people who will disagree w/your colleague and won't do what he says or will do it their own way. So that is even less competition.
I love to learn.
Tell your pal he has at least one apt pupil ready to assess his observations.
I am ready whenever he is.
Still got a lot of super cheap notebooks and pens that I bought from Wal Mart during their super-duper "back to school" sale.
Let's put them to use.
To add on a little, there are a number of super-liquid vehicles that your colleague can apply his teachings to.
Even if everyone on this thread did what he said, exactly as he teaches it - it would not affect the price action of:
The S&P futures or the mini contracts
The Nasdaq futures or the mini contracts
Bond futures
The Spy shares
The QQQQ shares
Several Liquid Sector ETF's like XLF, SMH maybe XLU
The Japanese Index ETF (Can't remember the symbol right now)
Dollar/Euro interbank currency trading
Dollar/ Yen interbank currency trading
Dollar/Loonie interbank currency trading?
MSFT
In addition - there will be the inevitable % of people who will disagree w/your colleague and won't do what he says or will do it their own way. So that is even less competition.
I love to learn.
Tell your pal he has at least one apt pupil ready to assess his observations.
I am ready whenever he is.
Still got a lot of super cheap notebooks and pens that I bought from Wal Mart during their super-duper "back to school" sale.
Let's put them to use.
Quote from 9toros:
here is a simple question, Why does one trader share his method freely and other one would not show it to his mother
Both are making ton of money daytrading both took long time to learn it, spent lot of time and money and made sacrifices
Why oh why does one keep quiet and another one thinks he should teach others
is one of them stupid.......BUT which one
PS: I am non sharing one, my friend is a blab mouth, we both make a ton
Try this on for size:
Your bud looks at those individuals he shares with as a reaffirmation of his own success. If any of those individuals duplicate or come close to duplicating his success then he sees that what he is doing is correct, accurate and sustainable. They also can add to his own success by returning the favor by sharing their own snippets of information they see in his success and methods.
You on the other hand, having worked hard for your results, don't want to share and possible dilute the edge you have created for yourself. This isn't the case though. You don't believe it actually takes a rare trader to follow the path of another trader and duplicate any successes they obtain. That is because 95% of all traders are "patience-free". The average trader has the patience of a knat. The above average trader is able to focus on his determined task-at-hand.
Neither of you is wrong or right. Each of you are individuals and should be respectful of that. Leave it alone, go have a few beers, enjoy your profits and relax.
Congratulations on both of your successes!