Who is Woodie???

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In order to make a profit at trading you will have to take it away from someone else.

It is like a big que of (seasoned, often 40+ years experience) traders waiting in Wall Street for a hand out.

These guys and gals would rather eat dogshit than hand over their place in the que to a newbie.

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Do not feed the trolls, the trolls live of negativity.
 
Quote from Andriy:


That there exists a certain freaky almost religious atmosphere in the room is a given. One only has to read the comments following any utterance by Woodie. Good grief, one would think one has just witnessed the second coming. A typical comment and attitude was provided by one of the posters here who wrote “Samson77---- WOW ok I'm shocked.... First Woodie now Barbara and GB007. We are truly blessed to have you guys on ET with us.”

Sheesh!!! Blessed??? Why??? Anyhow, this kind of thing just goes on and on and on ad nauseum in the room. My apologies for being so crude, but at the end of the day all I want to do is puke. I guess you really have to experience the level of fervor I’m referring to yourself to understand what I’m trying to say here.


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Andriy why does this bother you so much ???

Yes the room is protective of woodie but you have to ask yourself why that bothers you.

Envy perhaps ???

How many good traders here in ET are willing to take the time to build a web site explaining their trades then open and host a room for absolutely no profit? Think about how much work that is.

That's why we are blessed to have people in this world that care enough about others to give freely of their time and energy rather than just sit on these forums and tell the newbies and less experienced how stupid they are for trying to learn.

Don't get me wrong yes there are some excellent people and traders that post on ET for the good of others too. People like acary, marketsurfer, dbpheonix and allot of others (sorry I can't think of you all right now but there are many).

The point is ... this job is a hard one and we all need to stick together and help each other as best we can.

That's my opinion and it has always taken me far in life in every endeavor.

It's an old cliche but non the less a powerful one " What you give is what you get back".
 
Protective? LOL! They worship the guy. And yes, that bothers me. As do all such "cults of personality." Got a problem with that?

And envious? Double LOL!! Hardly. Why is it that whenever someone disagrees with someone else or offers a contrary opinion, the automatic response is that one must be envious of those he is criticizing? Are you that insecure??


To each his own. I can be a good person and take your money at the same time. I see absolutely no contradiction there.

Ciao...

PS And oh, nowhere in my comments did I "tell the newbies and less experienced how stupid they are for trying to learn." Learn to read before making assumptions about things I did not say. There's a big difference between ignorance and stupidity.
 
LOL Dax.

Bali survivor, the suggestion that the spikes on the euro are caused by Woodies room is probably a huge complement to the room members. "Until a few months ago the currency futures were not spiking a lot. Today we read about "trades being busted"."

But I don't think so.

Also, BS, I think a suggestion that zlrs on ES are working less well because of the members of woodies room is almost as unlikely. Why not try an alternative explanation: the zlr is a short term trend trade .... have any trend trades worked as well on ES in the past 6 months (low vix) as in the high daily range times of 2-4 years ago? The markets change and traders evolve or do something else. I know that GB, Fitzy and I all use zlrs very succesfully still and Fitzy still uses them on the ES.

andriy, An excellent post on your experience of the room. If Woodies room doesn't suit someone then they will leave ... some because they don't do enough work to learn it ... some because they don't understand it or cant ... and others like yourself because they don't like it. It was too sweet for your tastes.

Others have different tastes and so experience the room differently. Its a bit too sweet for me too at times but it is a change to have a break from chat room cynicism. What is wrong with traders being kind-hearted? What do you think traders should be?
 
Kiwi-trader – “What is wrong with traders being kind-hearted?” Absolutely nothing. But from your comments you and I both know what I’m talking about. It goes beyond “sweetness” and “niceness.” But then again, perhaps its only my misguided perception.

“What do you think traders should be?” Whatever it is they want be. Its not my place to make that decision for anybody. Whatever works to be successful, success for me being defined as making a profit.

If being kind-hearted allows me to do that, then fine. If being a cold, calculating SOB accomplishes the same thing, then that’s fine as well. Whatever works…

Ciao
 
I'm not sure that either the detractors nor the fans understand just how few people in these rooms actually trade. An astonishing number of people, for reasons that I really don't want to delve in to too deeply, join these rooms with no intention of ever placing a trade. A great many more trade only on paper. The number of people who trade real money AND make a living, or even a profit, doing so, are very few. Very. As in probably none.

Recreational traders don't do anybody any harm, unless they start giving advice based on "knowledge" they've acquired from other recreational traders (which is usually the case). On the other hand, anyone dumb enough to take this advice generally deserves whatever he/she gets.

I've seen this movie so many times, and the plot's always the same. Only the guru changes. And given an unlimited supply of gimmees who don't want to read, don't want to study, don't want to work, don't want to do anything more than play Casino Trading, there are more than enough to go around.
 
Quote from Andriy:

That there exists a certain freaky almost religious atmosphere in the room is a given. One only has to read the comments following any utterance by Woodie. Good grief, one would think one has just witnessed the second coming. A typical comment and attitude was provided by one of the posters here who wrote “Samson77---- WOW ok I'm shocked.... First Woodie now Barbara and GB007. We are truly blessed to have you guys on ET with us.”

Sheesh!!! Blessed??? Why??? Anyhow, this kind of thing just goes on and on and on ad nauseum in the room.

No doubt about that Andriy. Here's another example that got me headed for the exits. One of the regular posters, when asked by a newbie what his basic strategy was, replied "I simply ask myself WWWW, 'What Would Woodie Wu'" and then do that. " Ay Carumba!

I still thought it was mostly harmless though until I witnessed out and out deception by the exalted leader himself. A guy named Earl began moderating the Euro trading during the pre-equity hours, and was introducing various indicators he used as an adjunct to the CCI. Forgetting for a moment that this guy has his own issues (he also goes by the handle JayFx, but pretends to be 2 different people, even though they are obviously the same), he had clearly done some homework and had some interesting ideas. Sorry, that's heresy in this room. Woodie berated him and told him to stick to CCI only. He buckled and behaved, lavishing great praise on the master.

Later that morning a guy named Nige who had been making great realtime calls all morning said "I'm looking to go long". Woodie chimed back "CCI says short!" Nige replied shortly thereafter "Long at X", Woodie then repiled "Short at Y". The bar quickly went down two ticks then swiftly reversed and never looked back. I was waiting to see if Woodie would even post an exit, dubious as to what he would claim his stop to be, when he unbelievably posted "Out Euro +2". Forget reflexes of a teenage video gamer, this guy is also freaking Nostradamus!

I'm sure the moderator and anyone else in the room observing this with a shred of objectivity wanted to type "You gotta be shittin' me! What the hell CCI signal was THAT that got you out at the very bottom of the bar you just entered!!' But, of course, no one said a word, for fear of the the certain reprisal. The moderator just said "Great trade Woodie".

There do seem to be some decent, honest traders in there, but I haven't seen much evidence that Woodie is one of 'em. Sure it's his room and he can do what he wants, but the "Traders Helping Traders" line should add the disclaimer **as long as you agree with and never question anything the leader or his devoted followers say.
 
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