Why do folks reveal Profitable Strategies, are they NUTS?

[Charly]

Quote from jack hershey:

According to your specs see attachment. I put separate items down the page in rows to make it easier to read.

The journal for Jan will yield lowest level.

For the journal months of FEB through about April the mid level will be the yield

For the journal months after August the yield will be the upper level.

I must admit I am not getting the point.
Did I overread something - would someone (or Jack) please explain a bit mor in detail - thanks.

And the chart.gif in the following post what does it suppose to show(explain?

Charly

 

[eusdaiki]

You can study every single game that Michael Jordan ever played. Talk to him for countless hours and read all the work published on him. Take a look at every single play and strategy in Phil Jackson's play book... and yet you probably won't perform like MJ when it comes down to the game... specially when the pressure starts rising [when it matters the most].

The same applies to trading.

 

[woundedknee]

I read a lecture awhile back by Chris Terry. I dont remember the exact words but the message was: Flags work. Why then, isnt everybody rich?

 

[eusdaiki]

Quote from woundedknee:

I read a lecture awhile back by Chris Terry. I dont remember the exact words but the message was: Flags work. Why then, isnt everybody rich?

because learning the thoery is easy... applying it is difficult

 

[henry76]

A theory doesn't equal a profitable strategy , truly and very profitable strategies aren't as easy to come by as some posters think , someone on this thread said a profitable strategy was only 5% of trading , i'd say the reverse , it's 99% of trading , but a profit ratio of say 1.2 ish 60% ish , ain't enough , but if you have a strategy that's 90% profitable , any problems with execution money management risk etc , sooner or later you'll overcome these , and you won't breath a word once you have it .As for people revealing profitable strategies for a fee , has it occurred to you they might be lieing ? just a thought!!

 

[Spectre2007]

http://mbfcc.com/corporate/bio.shtml

An example of a gifted individual willing to share.

 

[ElectricSavant]

http://www.investopedia.com/articles/technical/04/032404.asp

Quote from Spectre2007:

http://mbfcc.com/corporate/bio.shtml

An example of a gifted individual willing to share.

 

[henry76]

not convinced

 

[Tums]

Quote from henry76:
not convinced

Belief is the first step of all successes.

 

[traderdragon2]

Quote from Tums:

Belief is the first step of all successes.

True if you have a mystical belief system.
A scientific based belief system is exactly the opposite. Belief comes last, after things are proven.

Belief first = irrational.

Belief first in the markets = great way to go broke fast.

Hey, I have a system that will make a million dollars a year with a $10K account. I will sell it to you for $1000, believe me? Hand over your money, because you must believe first to be successful with this system.