Quote from FB123:
There is nothing wrong with helping others, and I have posted some advice on this board in the past... however:
Not many other professions involve directly taking money from your competition quite like trading does. Do you think a poker pro should go online and tell everyone exactly how he reads specific opponents, and what "tells" he has picked up on? Should a pro football coach write a book about how he reads a defense and how he decides which calls to make when playing specific teams? When you give advice on a board like this, you are directly helping your competition... that's why some people don't offer much, and I can't blame them for that. Every dollar you make is being taken from someone else, and vice-versa.
Having said that, there isn't much harm in sharing most information and techniques for the most part, since most people have mental issues with trading and that's why they can't make money.... not because they can't find a decent system. Also, offering a bit of advice on a board is hardly going to change the market. In any case, most people (including me) are not about to just publicly post every single aspect of their trading system for everyone to see, because everyone who is reading it is going to be directly trying to take my money.
As an example, Richard Dennis had a great system going for a while in the 80's... until everyone learned it and started using it, and then it stopped working.