Groovenator,
It seems that you are on both sides of the this debate. In other threads, you repeat how you abhor mechanical systems (I dont know what you call Mechanical, but to me it is set-ups based on certain parameters), and then here you arguing for how fantastic the Siganl services are and how you rely on them when you are away!!!!
Quote: These are your statements in other threads
"Beware of mechanical systems I am not trying to dissuade you from trading but trading just mechanical is difficult in the long term and you have a big chance of failing."
"Just be careful trading a mechanical system, any good trader knows they need to know fundamentals, geopolitical news and they need to keep an eye on the stock market. I made 700 pips in 3 hours on one trade a few weeks ago because I was watching stock market prices."
Now, what servcies do this Signal Service provide you other than telling you that you buy/sell based on this and this...... To me that is mechanical system that was relayed to you and then you jump off the bridge based on the signal. Right? UUUUUUUUUm, you even mentioned that your favorite signal servcies has a guaranteed 200 pips. Whenever I hear gauranteed performance in the Trading/Investing world, I say Run and run fast.........
Here is quote from the School of Pipsiology "Don’t spend your money on a company that promises huge returns; even if they show you their track record. It might look pretty and colorful; and I’m sure that the line on the graph that seems to keep going higher and higher makes it look like there is no way you could lose money, but don’t let them fool you. In fact, I could take my broker statement right now, touch it up with Photoshop and voila! – I have now just become the most successful trader on the planet. Pretty impressive huh? I know I’m laying it on pretty thick, but I really want to prevent you from falling into any traps. Instead of giving your hard earned money to someone else, you could put that money aside into a trading account and take the time to educate yourself. "
In another line, you talk about how you are defneding the intention of the Signal Provider not the quality of the calls (e.g. someone making $150K by signing up with 500 subscribers.) The successful traders that I know pull in about $2M a year and can retire happily by earning 4% (repo sweep accounts) on their save investments without bothering to milk some $300 from rookie traders. Only and only average Trader can bother to devise such an scheme of generating income, in my opinion.
Of all your bold statements , this is the most troubling... "I may think differently to most traders here but notice I am not the one asking for help..... they are!" If trading has not taught you humility, well so be it but save your bragging rights to yourself. I beleive there are many more successful traders in this pages who are freely sharing their ideas and thoughts without talking about what a good run they had over the Shanghai meltdown few weeks ago!!!!
Cheers,
