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Has anyone ever heard of eminisniper.com?

  #79 (permalink)

Abington, PA
Trading Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: CL,NG,GC,FDAX,
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Posts: 49 since Aug 2009
Thanks: 107 given, 49 received

re: truer trading words can't be spoken

ideaman View Post
Hi Bluemele:

I understand where you're coming from but if I had a system that's consistantly profitable I would print a book,sell the system and open a trading room for a charge... Here's why. My system is now bringing nearly double the income, one from trading the other from sales and the room.

Regarding losing the edge making it public, I'll depend on human nature to cause them to change the paramenters etc or move on when they have a few losing trades. There's is one thing that I'll do different. If my system no longer works I'll inform the room, return the current month fee and still leave the book for sale but add the note it no longer works.

An honest reputation means everything.

I think your comments are right on the money

A perfect example would be the now famous 'Turtle Traders".
Each traders were taught the exact method with same rules. Yet each trader yielded different results.
I've personally witnessed exactly the same thing.
Adding to that: I think the zero sum game mentality of hording one's ideas for fear of rendering them useless over-rated for these very reasons.

I sincerely doubt the successful traders that have shared setups on BIG MIKE are losing sleep over it.

I'm certain some that purchased this setup will succeed with flying colors, while others will fail.

Humans, unlike computers are complex with different personalities that affect trading performance.

I think its no accident that the most successful Turtle was a young kid with a computer programming background.

He just followed the rules to a letter and won. (Harder said then done of course.)

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