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Old 08-24-2008, 10:40 PM
4xStar 4xStar is offline
Superior Master Contributor and Member
 

Join Date: Apr 2008
Posts: 932
Default Very important message for new traders .. beautifully stated.

Oh man, I hope all the newbies past present & future in BP will read your post below, ravel96, and especially the paragraph below. Very well stated. I just added to your rep, hope others will too

Quote:
Originally Posted by ravel96 View Post
Now, back to something I said earlier. You have a choice to buy a product or service. Maybe it will help you succeed; maybe it won't. You have to decide whether or not it's worth applying your financial resources to it. However, consider this: there are many people who are successful and happy to help you develop your trading skills free of charge. Many are on this forum and have spent considerable time and effort to help educate traders on a variety of techniques that they have found successful. And there are mentors who mentor simply out of their desire for others to succeed. Why do they ask for nothing in return? Because they are successful already. I see many people who claim to be fantastic traders who instead of trading seem have turned their efforts into marketing and selling systems, alerts, and indicators. I know many successful traders who simply scoff at that because they themselves wouldn't bother marketing and selling -- they are already successfully trading and can make more than they need. For them, stepping out of trading to instead market and sell would be a career move that might actually drop their level of income. I'm not trying to say here that everyone who markets a product is simply a trader who can't trade .... but I am saying that the general consensus among the successful traders that I know is that most of those individuals can't actually trade their own systems, alerts, and indicators profitably in live (as opposed to demo) trading and instead turn to marketing and selling those products. So if you're one who is trying to sell something to traders that you believe will work but you won't post real trades, you won't answer valid criticisms and questions, or have wild claims of success that you can't back up in real time (which is the only way to prove them), etc., then you have to expect a backlash from those who are concerned about the success of other traders that are still trying to find their foothold in this business. And if you're one who is buying a product or a service, then do so with your eyes open and with your mind working logically and pragmatically.
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