MoneyTec Traders Community Forum - View Single Post - Try this Method...for 2 years ~75% accurate

MickMason · 29-10-2004, 17:20

Just to put the record straight....

I've nothing against anyone sharing ideas and strategies, I think it's a great idea and exactly what these forums are supposed to be about, it's often very helpful to talk through something and get different opinions. What I do object to however are signal sellers who don't know one end of a chart from the other and then manufacture impressive results to lure the gullible, and novice traders playing 'guru' but offering blatantly bad advice. No experienced trader would ever advise another trader (let alone a novice) to risk 10% of their equity on a single trade, that's a fact!

Novice traders are renown for clutching at straws, all it needs is for one to think it's ok to risk 10% on a most basic unfiltered EMA cross strategy and before you know it they'll be broke. Is that what we're about is it, leading people astray and helping them to lose money?

I've done my bit....

Mick

29-10-2004, 17:20	#29
MickMason Fibonacci KISS trader! Join Date: Apr 2004 Posts: 3,790 Downloads: 0 Uploads: 0 Rep Power: 0	Just to put the record straight.... I've nothing against anyone sharing ideas and strategies, I think it's a great idea and exactly what these forums are supposed to be about, it's often very helpful to talk through something and get different opinions. What I do object to however are signal sellers who don't know one end of a chart from the other and then manufacture impressive results to lure the gullible, and novice traders playing 'guru' but offering blatantly bad advice. No experienced trader would ever advise another trader (let alone a novice) to risk 10% of their equity on a single trade, that's a fact! Novice traders are renown for clutching at straws, all it needs is for one to think it's ok to risk 10% on a most basic unfiltered EMA cross strategy and before you know it they'll be broke. Is that what we're about is it, leading people astray and helping them to lose money? I've done my bit.... Mick Last edited by MickMason : 29-10-2004 at 17:27.