OK
Lets say you find a successful trading system, manual or AutoTrade EA. Now what do you do? Are you going to keep it all to yourself or offer it to Kreslick and other Forex traders? If you decide to offer it, at what price?
Now a standard has been established that if you would like my work, it is available on a donational basis. This is fine with me, than I see a poster on his or her first post doing the same.
At this point in time I have invested well over 10,000 USD in my trading education. If my autotrade EA works, what is a fair price to offer it as a donational indicator?
Is the donational indicator or the donational trade system path a very dangerous slippery slope we all on Kerslik are now following?
To be honest, I am torn between the two. In the end, I hope I give more than I get.
Patch
InVA
Aliassmith Psychology 101 and other stuff
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Patch wrote:OK
Lets say you find a successful trading system, manual or AutoTrade EA. Now what do you do? Are you going to keep it all to yourself or offer it to Kreslick and other Forex traders? If you decide to offer it, at what price?
Now a standard has been established that if you would like my work, it is available on a donational basis. This is fine with me, than I see a poster on his or her first post doing the same.
At this point in time I have invested well over 10,000 USD in my trading education. If my autotrade EA works, what is a fair price to offer it as a donational indicator?
Is the donational indicator or the donational trade system path a very dangerous slippery slope we all on Kerslik are now following?
To be honest, I am torn between the two. In the end, I hope I give more than I get.
Patch
InVA
Why not sign up at ZuluTrade and have the EA trade a small account that attracts subscribers and make a commission on each trade?
- pablo101
- rank: 500+ posts
- Posts: 973
- Joined: Tue Jun 30, 2009 3:10 pm
- Reputation: 43
- Real name: Pete
- Gender:
JESGPY wrote:aliassmith wrote:JESGPY wrote:aliassmith wrote:To preface the following I would first like to say that I love to help people
learn to trade and share my observation
The thing is I was reminded recently about a time in my life when I was
trading and making about 100% a month.
A nice man that I met online introduced me to a trading method and
broker which changed my view of trading possibilities and life.
He and I would chat on Skype and discuss up coming trade possibilities
and take them together. Then there was another person in the Skype
room with us doing the same thing. Then another person had joined us.
My mentor was a very generous man. In fact he was so generous, dispite
my warning, he told a lot of people.
Now I flash forward to MIghtyOne. Why does he share all this info about
trading and why does he tend to leave something out.
I forgot and now remember. If you have a working/profitable trading
method especially on low timeframes, do not share your exact entries,
exit, TP, SL, Trail Stop, etc.
When enough people take the same entries and possibly are at the same
broker liquidity is sucked up and then everyone starts to fight for scraps.
It then comes down to who has the fastest connection to the broker. I
actually rented a server near my broker to get my orders there faster.
The point is I will not jepordize my trading future or anyone elses that I
trade with by giving away my/our specific trading details. So, I think I will
refrain from posting charts with specific entries and exits on the small
timeframes.
Going from making 100% a month to taking a year to learn a whole new
trading style "BLOWS"
alias.
i have a couple of questions and coments.
1st. You think your profitability dimished because the method became know by too many?
2nd. Is that post a mesage for me and other people who find way of making money not to post what they do.
3rd. If the 2nd is TRUE then I think MO or the few people who first grasped his ideas (Dragon, ES/PIP, and some others who now get it) would know that, and they wouldnt have never showed us anything.
4th. I think that forex is such i big market that i dont mind showing people what i think will make money, because they wont take a share of my profit. And also because they may understand what to do, but most dont have what it takes do to it.
5th. I dont fear posting what I posted because, what is the basis of that trading is something that is in the market and will always be.
But I think that if you feel beter not posting then go ahead.
I just wanted to state my point of view.
This is not intended for anything else than that.
JUAN
I will reply to you since you was civilized in your response. Trading BIG
picture charts there is not a huge deal about getting into positions. When
you trade small timeframe charts liquidity can/will be an issue. If I trade
50 lots at 1.3456 and you come along at my broker and trade 1.3456
you could take the lots I would have.
Someone said it was a "bullshit" post. The thing is that I have experienced it.
It forced me to learn a new way to trade.
And I''ll just state it again for clarity. I was affected by the situation I
posted about. It was not second hand information.
As for posting trading concepts and ideas, I am all for that! I love to
discuss trading ideas/concepts.
OK
I get it thanks for the response alias, and also ES/PIP.
Ill follow you advice and just keep it to my self.
JUAN
Don't you guys post your trade details "after the fact" so what's the problem?
WAS A YALE STUDENT. Now? Let's see!
- bredin
- rank: 1000+ posts
- Posts: 1033
- Joined: Mon Feb 16, 2009 10:41 pm
- Reputation: 7
- Gender:
- Contact:
Reverse engineering?pablo101 wrote:JESGPY wrote:aliassmith wrote:JESGPY wrote:aliassmith wrote:To preface the following I would first like to say that I love to help people
learn to trade and share my observation
The thing is I was reminded recently about a time in my life when I was
trading and making about 100% a month.
A nice man that I met online introduced me to a trading method and
broker which changed my view of trading possibilities and life.
He and I would chat on Skype and discuss up coming trade possibilities
and take them together. Then there was another person in the Skype
room with us doing the same thing. Then another person had joined us.
My mentor was a very generous man. In fact he was so generous, dispite
my warning, he told a lot of people.
Now I flash forward to MIghtyOne. Why does he share all this info about
trading and why does he tend to leave something out.
I forgot and now remember. If you have a working/profitable trading
method especially on low timeframes, do not share your exact entries,
exit, TP, SL, Trail Stop, etc.
When enough people take the same entries and possibly are at the same
broker liquidity is sucked up and then everyone starts to fight for scraps.
It then comes down to who has the fastest connection to the broker. I
actually rented a server near my broker to get my orders there faster.
The point is I will not jepordize my trading future or anyone elses that I
trade with by giving away my/our specific trading details. So, I think I will
refrain from posting charts with specific entries and exits on the small
timeframes.
Going from making 100% a month to taking a year to learn a whole new
trading style "BLOWS"
alias.
i have a couple of questions and coments.
1st. You think your profitability dimished because the method became know by too many?
2nd. Is that post a mesage for me and other people who find way of making money not to post what they do.
3rd. If the 2nd is TRUE then I think MO or the few people who first grasped his ideas (Dragon, ES/PIP, and some others who now get it) would know that, and they wouldnt have never showed us anything.
4th. I think that forex is such i big market that i dont mind showing people what i think will make money, because they wont take a share of my profit. And also because they may understand what to do, but most dont have what it takes do to it.
5th. I dont fear posting what I posted because, what is the basis of that trading is something that is in the market and will always be.
But I think that if you feel beter not posting then go ahead.
I just wanted to state my point of view.
This is not intended for anything else than that.
JUAN
I will reply to you since you was civilized in your response. Trading BIG
picture charts there is not a huge deal about getting into positions. When
you trade small timeframe charts liquidity can/will be an issue. If I trade
50 lots at 1.3456 and you come along at my broker and trade 1.3456
you could take the lots I would have.
Someone said it was a "bullshit" post. The thing is that I have experienced it.
It forced me to learn a new way to trade.
And I''ll just state it again for clarity. I was affected by the situation I
posted about. It was not second hand information.
As for posting trading concepts and ideas, I am all for that! I love to
discuss trading ideas/concepts.
OK
I get it thanks for the response alias, and also ES/PIP.
Ill follow you advice and just keep it to my self.
JUAN
Don't you guys post your trade details "after the fact" so what's the problem?
G.
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- aliassmith
- rank: 5000+ posts
- Posts: 5054
- Joined: Tue Jul 28, 2009 9:50 pm
- Reputation: 2846
- Gender:
bredin wrote:Reverse engineering?pablo101 wrote:JESGPY wrote:aliassmith wrote:JESGPY wrote:aliassmith wrote:To preface the following I would first like to say that I love to help people
learn to trade and share my observation
The thing is I was reminded recently about a time in my life when I was
trading and making about 100% a month.
A nice man that I met online introduced me to a trading method and
broker which changed my view of trading possibilities and life.
He and I would chat on Skype and discuss up coming trade possibilities
and take them together. Then there was another person in the Skype
room with us doing the same thing. Then another person had joined us.
My mentor was a very generous man. In fact he was so generous, dispite
my warning, he told a lot of people.
Now I flash forward to MIghtyOne. Why does he share all this info about
trading and why does he tend to leave something out.
I forgot and now remember. If you have a working/profitable trading
method especially on low timeframes, do not share your exact entries,
exit, TP, SL, Trail Stop, etc.
When enough people take the same entries and possibly are at the same
broker liquidity is sucked up and then everyone starts to fight for scraps.
It then comes down to who has the fastest connection to the broker. I
actually rented a server near my broker to get my orders there faster.
The point is I will not jepordize my trading future or anyone elses that I
trade with by giving away my/our specific trading details. So, I think I will
refrain from posting charts with specific entries and exits on the small
timeframes.
Going from making 100% a month to taking a year to learn a whole new
trading style "BLOWS"
alias.
i have a couple of questions and coments.
1st. You think your profitability dimished because the method became know by too many?
2nd. Is that post a mesage for me and other people who find way of making money not to post what they do.
3rd. If the 2nd is TRUE then I think MO or the few people who first grasped his ideas (Dragon, ES/PIP, and some others who now get it) would know that, and they wouldnt have never showed us anything.
4th. I think that forex is such i big market that i dont mind showing people what i think will make money, because they wont take a share of my profit. And also because they may understand what to do, but most dont have what it takes do to it.
5th. I dont fear posting what I posted because, what is the basis of that trading is something that is in the market and will always be.
But I think that if you feel beter not posting then go ahead.
I just wanted to state my point of view.
This is not intended for anything else than that.
JUAN
I will reply to you since you was civilized in your response. Trading BIG
picture charts there is not a huge deal about getting into positions. When
you trade small timeframe charts liquidity can/will be an issue. If I trade
50 lots at 1.3456 and you come along at my broker and trade 1.3456
you could take the lots I would have.
Someone said it was a "bullshit" post. The thing is that I have experienced it.
It forced me to learn a new way to trade.
And I''ll just state it again for clarity. I was affected by the situation I
posted about. It was not second hand information.
As for posting trading concepts and ideas, I am all for that! I love to
discuss trading ideas/concepts.
OK
I get it thanks for the response alias, and also ES/PIP.
Ill follow you advice and just keep it to my self.
JUAN
Don't you guys post your trade details "after the fact" so what's the problem?
G.
Exactly!
I find it interesting that people got heated over this topic, yet two of the
best traders on here share the same sentiment as I.
Share your chart, but if your method is fairly fine tuned and liquidity
dependent then be carful with how much you show.
Trade Your Way as Long as It Makes Money!
- aliassmith
- rank: 5000+ posts
- Posts: 5054
- Joined: Tue Jul 28, 2009 9:50 pm
- Reputation: 2846
- Gender:
JESGPY wrote:I apologize if the comments I made destroyed the purpose of this thread. I just was curious of what Alias ment by what he posted.
And I that the guys for that information. never though about that since forex is so big.
JUAN
Forex is huge, no doubt.
What I discussed is dependent on factors such as:
1. Does your broker go through the same liquidity provider as mine?
2. and/or are we at the same broker fighting over what is avail. and
creating slippage/skid for each other creating horrible fills or none.
No worries Juan
Trade Your Way as Long as It Makes Money!
- aliassmith
- rank: 5000+ posts
- Posts: 5054
- Joined: Tue Jul 28, 2009 9:50 pm
- Reputation: 2846
- Gender:
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