Why are people so secretive here?

The same approach to understanding cameras and photography which you have acquired should be the template to use in beginning to understand futures trading. Interestingly, during the last year I decided to renew an interest in photography because of the advancements in digital cameras. In the process, I learned that my old lenses could still be used with the current Pentax SLRs but that there are some very good bridge zooms that may suit better for their compactness and less money. Ultimately, my choice of camera would have to depend upon an understanding of my style of photography and thereafter, the best camera for that purpose - the FZ28.
Only you know yourself best; thereafter you will need to determine which instrument suits the manner(trading) of your approach.
 
Why don't pharmaceutical companies share their formulas and patents? Why don't top baseball coaches tell the opposition their strategies and gameplan before a big match? Why don't poker players tell you when they bluff and when they have a real hand?

Trading is a competitive field, genuine edges are hard to find, highly lucrative, and EXTREMELY vulnerable to competition. I have seen many, many good strategies eventually fade away due to excessive competition. Why on earth would a professional trader invite competition and thus lower his future returns?

Trading is not photography, or any other regular profession where co-operation benefits both parties. It is a cut-throat competitive arena, where one person getting better is usually at the expense of someone else losing their privileged position. That's why people are reluctant to share genuine edges.

As for some of your other comments, there are many pieces of valuable advice posted. "Indicators are rubbish" is an extremely valuable piece of advice, which if listened to, would save most novices years of wasted time and market losses.
 
Quote from Cutten:

Why don't pharmaceutical companies share their formulas and patents? Why don't top baseball coaches tell the opposition their strategies and gameplan before a big match? Why don't poker players tell you when they bluff and when they have a real hand?

Trading is a competitive field, genuine edges are hard to find, highly lucrative, and EXTREMELY vulnerable to competition. I have seen many, many good strategies eventually fade away due to excessive competition. Why on earth would a professional trader invite competition and thus lower his future returns?

Trading is not photography, or any other regular profession where co-operation benefits both parties. It is a cut-throat competitive arena, where one person getting better is usually at the expense of someone else losing their privileged position. That's why people are reluctant to share genuine edges.

As for some of your other comments, there are many pieces of valuable advice posted. "Indicators are rubbish" is an extremely valuable piece of advice, which if listened to, would save most novices years of wasted time and market losses.
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Do you say that if you share anything with anybody else, this will change the market?
Do you believe that a single person can do anything that can change the market?
Do you believe that your knowledge can be so powerful?
What a BS! :D :D :D
 
Quote from epetrov:

Do you say that if you share anything with anybody else, this will change the market?
Do you believe that a single person can do anything that can change the market?
Do you believe that your knowledge can be so powerful?
What a BS! :D :D :D
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YES for all above.
plus-it's depends on market. i day trade stocks for almost a decade and can assure you, that getting into winning trade is f* hard.
tell you more-i have bunch of systems,where on paper and back tests i have six figures a year easy. not so in real life. 100K on paper turns out 10-15K in real profits. ALL DUE to execution and competition. now if i invite some "friends" to trade same thing, i'm absolutely certain, that my profits will shrink even more.
happens before with me.
 
Quote from bbqbbq:

. basically the money you make comes solely from other traders making mistakes.
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That is wrong for a start and I will let you into a secret, a very deep deep secret.

Here goes

No good Trader cares about another Trader's mistakes nor why another Trader is on the opposite side.

Who cares.

All a good Trader cares about is getting a good fill in and out, where his/herstops are placed and the direction of this trade.

Can't be more open than that, now can I.
 
Quote from epetrov:

Do you say that if you share anything with anybody else, this will change the market?
Do you believe that a single person can do anything that can change the market?
Do you believe that your knowledge can be so powerful?
What a BS! :D :D :D
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I don't believe it, I know it - because I have seen it happen and in some cases made it happen. You, obviously, have not.
 
Quote from pclark:

A little background first.

I am a network administrator as well as a professional photographer. In both my professions I have always gone out of my way to help others that were looking for help to succed. In the photography area I have even gone out of my way to help direct competitors. I have shown them everything I know. The truth is most people don't do what you tell them anyway but I figure that if I have show them what to do and how to do it it's up to them to make a go of it. That's how I was raised and I do feel that what we sew is what we reap in life. I am always ready to help someone who is looking for help.

Reading over the forums and going back serveral years I have read many posts from people searching for help. In a majority of the posts it seems like there are always those that post comments that are negative to what the origional poster was asking but then the person replying would never give them information to support their opposite view. One thread in particular about the validity of technical indicatiors. People would blatenly say "Indicatiors are rubbish and you have to know how to read the numbers" or I can trade just looking at price action". Then they would never say anything to help the person that was asking about indicators or give anything to support there position.

In my mind if you are going to disagree with someone you should tell them "Why" you disagree. That not only validates your stance but also helps them see where you are coming from.

It also seems like there are people on here that are defintely making money and have knowledge of how to work the market but when asked they just tell you need to go through the process and learn from the school of hard knocks. I agree there is no substiture for experience but, some of the posters make it seem like they have the secret and if they were to share there little secret then the world would end and the stock markets would cease to exist. I don't get it. Why not help others be sucessful in life and share what you have learned? It would not hurt you and certainly might benefit you in the long run.

There is a lot of information here but there could be more if others were willing to share instead of holding on to what they have with there dear life. Also, if there were not so many on line no help responses in the post they would be easier to glean the really helpful information.

Anyway, I am off my soap box. I posted this in this forum because I have been doing most of my research here. This is not intended to point at any one in particualr just food for tought. Please don't flame the hell out of me although I do expect it.


Paul
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your observations are correct

with a few exceptions, most people on here are jerks, who have nothing to offer, and wouldn't share it if they did

read this thread of responses to you, and I think you'll agree

the most common post on here is a loser making a smart aleck remark, with a 'grin' smiley, or a 'shades' smiley if they feel bleating a platitude makes them profound
 
Most people on here are losers.

The good traders will help you, and will probably tell you that indicators aren't too important, you should focus on price, support, and resistance. And that trading has to be learned by experience.

So open up some charts and time and sales, watch price action, and watch support and resistance.
You will learn how to trade eventually.

I have PM ed some of the big shots on here a few times with a question or 2 and they have been very nice to me.
 
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