Why do traders blame their firms for not succeeding?

[reg]

Quote from dotslashfuture:

here's some scenarios

-your 21 year old brother goes to Ameritrade and churns his 5k account down to nothing.

-your 21 year old brother goes to a prop firm, where the owner says he will teach him how to trade with a very high success rate. The kid churns himself to zero following the system he was taught and gets kicked out.

If you can't see the difference here then you've got a problem.

In the first scenario I would simply smack the kid on the head and tell him he is stupid.

In the second scenario.....well I honestly don't want to say what I might do.

In the second scenario, I would also smack the kid on the head and tell him he is stupid.
In fact, I'd probably smack his dad's head for having raised such a stupid kid. One must really be a moron to not be able to tell the difference between a good prop firm and a bad one.
Use your head and take responsibility, that's all.

 

[RAMOUTAR]

Quote from PoundTheRock:



How would you know? You're a teacher, not a trader. Plus, your spiel sounds like a phony sales pitch. "I've met thousands and thousands of traders" blah blah blah. Bullshit.

You're absolutely hysterical. ROTFLMFAO!! Perusing through your posts and their timestamps is even funnier.

Go ahead PTR tell me another one. You do standup too?

 

[dotslashfuture]

Quote from Rearden Metal:



What pro firms do by teaching newbies to churn, is no worse than most 'business opportunity' adds you see in any newspaper.

you are correct, there are a lot of scams out there, but that doesn't mean that they are no longer to be viewed as bad, or that the perpetrators are innocent.

If somebody scams you , do you say "oh good show mate ! you sure got me !"...I seriously doubt it.

 

[dotslashfuture]

I know that discussing this isn't going to change anything, because if the people running the firms gave a shit, they would have setup their businesses differently to begin with.

this thread is strictly for the more naive among us. All the valid points have been laid out, if a person reads this thread and goes to a rip off firm, then at least they were warned.

 

[RAMOUTAR]

Quote from dotslashfuture:

I know that discussing this isn't going to change anything, because if the people running the firms gave a shit, they would have setup their businesses differently to begin with.

this thread is strictly for the more naive among us. All the valid points have been laid out, if a person reads this thread and goes to a rip off firm, then at least they were warned.

Bravo ./ , bravo!

 

[calibertrader]

Quote from OVERtheLINE:


what are you talking about caliber?
you are making no sense whatsoever
I have every right in the world to express my dissatisfaction about my brief stint at worldco... you know yourself what kind of place that is.... and id give 10/1 odds youve been hawking talent there for a long time....wtf is the matter with you??
go back to recruiting and carping off of other traders ...its what you probably do best

I know what a place Worldco is, I've worked there. I'm just saying that we are free individuals and can make decisions. I don't understand those that complain about how bad a firm is and still stay there, and then try and blame the firm for their woes.

And everytime you post it's an attack on someone.

 

[OVERtheLINE]

Quote from calibertrader:



I know what a place Worldco is, I've worked there. I'm just saying that we are free individuals and can make decisions. I don't understand those that complain about how bad a firm is and still stay there, and then try and blame the firm for their woes.

And everytime you post it's an attack on someone.

whose attacking a firm and staying there?
its about giving a heads up to new traders

 

[calibertrader]

Quote from dotslashfuture:

here's some scenarios

-your 21 year old brother goes to Ameritrade and churns his 5k account down to nothing.

-your 21 year old brother goes to a prop firm, where the owner says he will teach him how to trade with a very high success rate. The kid churns himself to zero following the system he was taught and gets kicked out.

If you can't see the difference here then you've got a problem.

In the first scenario I would simply smack the kid on the head and tell him he is stupid.

In the second scenario.....well I honestly don't want to say what I might do.

If any prop firm gaurantees success or a high probability of success. Run!!!!!!!!!!!!!!!! There are no gaurantees in this business. There is a low success rate, but those who make it, make good money, and some make decent money, but better then they would at any other job. Most traders fail not due to lack of knowledge, but because they do have the phsyche for this job. Plain and simple.

 

[calibertrader]

Quote from OVERtheLINE:



whose attacking a firm and staying there?
its about giving a heads up to new traders

Look, some people actually have had good experiences with firms we've had bad experiences with. So you can't attack everyone that tries to tout that firm. Just leave it be. There is enough info on this board for someone to figure out which firms are good, and which one's are bad. But the constant attacks on this board just make reading boring after awhile cause you know how the conversation is going to go. Almost every thread in this section becomes a royal rumble till the moderator finnally closes it.

 

[TM_Direct]

What and incredible thread.... I have not seen so much emotion on either side in a long time.....One thing to consider though:

Was anyone complaining about Prop firms from 1995-2000???

If the market was still soaring Im sure many more traders would be content to take a lower payout and higher commissions and trade someone elses $$....but the market forced a lot of adjustments to both the trader and the firms.