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well it makes sense as indicators worth using only support a traders methodologies about how to trade, and how to trade is the ocean vast in which all the other problems arise, which journaling, psychology and money management all try to aid traders having a bad methodology about the markets.
yeah you seem very on top of the the forum, as i was a little perplexed.
Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.
Need help? 1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first. 2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses. 3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make. 4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance. 5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers. 6) Help using the forum? Watch this video to learn general tips on using the site.
I've noticed over 500 members have viewed this thread, but only 5 have thanked the first post -- 1% -- if you guys have input on how to improve the contest, please let me know.
Mike
Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.
Need help? 1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first. 2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses. 3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make. 4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance. 5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers. 6) Help using the forum? Watch this video to learn general tips on using the site.
I'm not sure I can add my thread here. As I did yesterday, I'm trying to explain what I've seen and what I did, and draw some technical analysis on charts but, everyday is different so, in fact, is not an ABC pattern. I don't feel I can teach anybody, In fact, I'm teaching myself everyday with my experiences, that's why I started this journal, to keep a track of what I think everyday, now that I'm more discretionary, and that's why I try to write a lot about each trade, and each thing that happens to me in this journey. https://futures.io/elite-trading-journals/10699-chart-reader-story-barcelona.html
The following user says Thank You to BCNTrader for this post:
That's a journal thread so it won't qualify. You should feel free to create a new thread in one of the listed areas, and don't worry so much about not being able to teach people everything. Just focus on teaching them what you've learned already, I'm sure it is more than you realize!
Mike
Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.
Need help? 1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first. 2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses. 3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make. 4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance. 5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers. 6) Help using the forum? Watch this video to learn general tips on using the site.
I think this is a great idea but i am not sure it will work.
First of all, allowing existing threads in the contest opens doors to threads highly appreciated here, that are spread on 100s pages and couple years in time. I very much appreciate some of them (sharky's, wizard's, perry's, etc) but for a new comer it may be pretty hard to follow. Takes days to go through each post and methods seems to evolve, so in the end some rules are different, some indicators are different and you have to try put somehting together yourself.
On the other hand, most successful members seems to "promote" the idea that every trader should develop his own system. That a method has to be developed by you and not learned/taken from others. Some of them also use custom indicators that they are probably not willing to share (would be already public otherwise) and a few uses commercial indicators that they can't share.
Last but not least, i think there is not enough motivation for some1 to enroll. The prize is symbolic compared with what a good trader earns and even with the amount of time and commitment needed to run an eligible thread (post every day, explain everything, answer questions, etc).
To end this post, i remember some thread (might been on another forum), where some1 asked people what would they do if they had a proven to work trading system. Nobody said "i will share it with the rest". Most said like "i would keep it for myself" or "i would sell it to some big companies for lot of money". And to tell you the truth, i understand them. Traders compete with each other in the market, deep in their mind, they all want everybody else to lose.
Like our past contest (journals), existing threads are welcome - but only posts made within the contest period (June) will be considered when deciding who should win. I'll make this clear during the voting process. So it won't matter if the thread has 50 pages prior to June if during June there are only 5 posts made to it, it won't win.
With regards to developing your own method as a trader - yes I agree, but the idea is not to clone what is being shared - it is to use this information as a foundation of ideas to create your own methodology.
As for the rest, futures.io (formerly BMT) is all about sharing. There are plenty of posts and threads here (tens of thousands) that show people are willing to share what they've learned.
My hope for this contest is simply to educate people, maybe get them thinking about something they hadn't previously considered. Engage in conversation and discussion. Learn and educate. Have fun. If we accomplish most or even some of those, we'll be in fine shape.
Let me know if you have specific ideas on how to improve the contest.
Mike
Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.
Need help? 1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first. 2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses. 3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make. 4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance. 5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers. 6) Help using the forum? Watch this video to learn general tips on using the site.
OK, that sounds good but in this case i think the link submitted here should be to the last page with a new post where there should be at least a summary of the method, and not the beginning of the thread. There will be just too much "noise" with the big threads. The new posts will mean nothing without some other old posts.
I surely agree that many people share many useful things in here. But i think there is a difference from sharing an indicator, chart or idea and teaching their own trading method specifically.
Indeed, the goal is to help others develop their own system, but i can assure you most will try to clone. Most will probably fail too, but that is another story.
I hope i am wrong and many others will join, but it was just David so far.
Well I prefer to think positively. Yes, people will try to clone it -- there is no stopping that. It doesn't mean they can't learn something in the process, which is the point here.
Hopefully you will decide to contribute as well. You seem to be getting caught up in the "don't make me reveal my holy grail" thinking. I encourage you to instead think of all the other methodology related items you can teach. Perhaps you are a pattern trader, and you can start a thread on the ten most popular patterns and how to detect them. Perhaps you are a volume trader, and you will start a thread on volume analysis.
The point being the trading method is just one small part of what defines a trader, and I am asking you to share this part with us during June and help others in the process.
Mike
Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.
Need help? 1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first. 2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses. 3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make. 4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance. 5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers. 6) Help using the forum? Watch this video to learn general tips on using the site.
