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Big Mike Challenge 2 - Win a iPad 2
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Big Mike Challenge 2 - Win a iPad 2

  #41 (permalink)
The fun is in the numbers
Point Roberts, WA, USA
 
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aquarian1's Avatar
 
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Well, I find the thread interesting.
(After 10:am and not FE so .... rambling...)

I look at the board, futures.io (formerly BMT), as a microcosm view of traders thoughts.
  • What are they thinking?
  • What is interesting to them?

One thing I have noticed is that their are very few 'students' posting in this thread. They are not coming forward and saying "Hey! I don't want to be the teacher - but I do want to learn!, C'mon teachers let's go!"

Also there are not a lot of existing 'teachers' (those who have already been posting their threads) saying,
"This is great!!
I'll start a new fresh well organized thread focus and dedicated to delivering a specific measurable set of learning within the month of June. That is the challenge, no more rambling but cut to what do they need? and how can I deliver it in a clear focused manner that produces results for the students?"

-------
One side thought was that if I wanted to teach, I would want the students to commit. In the real world you go for an evening course at a university - "Investing for the Profitable Day Trader.-101" Yes, that will be $212.50 plus tax. Will that be cash or Visa? (Somehow people tend to pay attention when their wallet is involved.)

So here the equivalent would be students posting:
"if .(you current threadite teacher)... post a course.. I will commit to being an active participant!"
----

Ok, all the above was rambling... but are all the students?
... silent lurkers...?

Keep your mind in the future, in the now.

Last edited by aquarian1; May 26th, 2011 at 12:40 PM. Reason: spelling
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  #42 (permalink)
Elite Member
new york
 
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omaron View Post
This is not just about good teachers or good students (I think this forum is full of eager students anyway). This is mainly about sharing a money making method.

Imagine that back in the "gold rush" times some1 found a good spot, with lot of gold. How easy would it be to share that information? It does not need teaching skills or good students (anyone can dig). All he has to say is "come here, there is lot of gold". Will he do that? Or will he do the best to keep that place secret?

Any kind of system/method/source that makes money will be used by the one that knows/owes it to make him more money. Specially when sharing it cause him troubles and/or frustration (as you said, a trader has better things to do)

I cannot stop you from being negative.

And no, the forum is not full of eager student. It is full of people that just want someone to tell them what to do and how to do it, so they can sit back to counting the money.

There is a gold rush recently. There were plenty of people tell the public to buy metals after the tech bubble. If you have bought old in 2001 when it was $300/oz, you would have made 5 folds your investment in 10 years. If you have bought silver, you would have made like 10 fold. But most people just don't listen or do any due diligence. Due diligence means work, and no one want to works.


omaron View Post
From what i know Steven Schonfeld does not teach anyone anything for free. He has some traders that he works with, but there is a mutual benefit. The traders make him money too. Is not like he is spending time to teach them without having something to earn in the process.

This is bring back my point #1, people don't want to learn. They just want someone to tell them what to do and how to do it. In other words, they expect a free lunch.

Why would you expect someone to take you under his wings, spend time and money, and expect no return? Sure, he want you to success, because he has invests time and money on you, but his goal is wanting you to make money for him. Simple as that.

This is the same reason why you employee pay you X because he expect you make him X+Y. You probably he is not hiring me out of charity. He is hiring me because I can make him money. You are god damn right about it.


omaron View Post
These days you can find information about anything, from trading to bomb making. For example you can find many books and videos about tennis. But is unlikely for some1 to become a top player just by reading books, looking at videos and training himself. The problem with trading is also that you may not have a second chance. Lose all your savings and your "trial and error" journey is over. I don't say is impossible, but it may take way more time to do that by yourself thought trial and error then if you had some1 to guide you.

Nowadays, you have a better chance than ever because demo are freely available. You can demo for years before you put any real money on the line. Unfortunately, people who just read a book or two, watch a few videos and think they "got it" and put real money on the line. They have read some traders who turn 5k or 500 into 8 or 9 figures, and they believe they can do that as well.

Replying to you post gave me a deja vu. You sound like my best friend, who is unemployed, sitting at home and not doing anything all day. He quit his government job 2 years ago without a backup plan, so that mean not bring any money home. Just waiting for lady lucky to come to him. I advice him stop sitting at home and start doing something. Go around the neighborhood and ask if anyone want to do lawn care or something. Maybe in a few short years, you can retire your wife with this service you started today.

His response? He said if it is so easy why does not everyone do it.

To him, it is better to sit at home instead of trying any alternative. Because if the alternative works, then everyone would be doing it and profit will just vaporize

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  #43 (permalink)
Elite Member
Atlanta, GA
 
Futures Experience: Advanced
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Big Mike Challenge 2


I'm in!

https://futures.io/index-futures-trading/11069-time-bandits-simple-trading-plan-...ow-futures-contract.html

Thanks,

Big Mike


Last edited by Big Mike; May 26th, 2011 at 06:44 PM.
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  #44 (permalink)
Trading for Profit
aurora,il
 
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enroll in challenge


Big Mike View Post
The previous Big Mike Challenge from March 2011 was a big success, so I am going to start a second one.

The prize is an Apple iPad 2 (or equivalent cost if you want something else instead).

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


Take note - this contest is about Teaching Trading Methods. This one is not a Journal contest.


To be eligible for the prize, you must:
  • Be a current futures.io (formerly BMT) member as of June 1, 2011.
  • Have your own thread, which you started, in one of the following sections of the forum: Traders Hideout (if you are not an Elite member) or The Elite Circle or Elite Group Trading Methods (for Elite members).
  • Your thread must be about teaching a trading method to others.
  • -- YOU MUST REPLY TO THIS THREAD AND GIVE ME YOUR THREAD URL TO ENROLL --
  • You must make one post per day, every day, Mon-Fri, until the end of June 30. Skipping one day here and there is fine, but don't skip several days in a row.
  • Your posts, and your thread, must contain multiple screenshots and/or YouTube videos. If using screenshots, please mark them up using any number of free editing tools.
  • Your daily post can be a review of acceptable trades for the methodology in todays market, highlighting valid trades on your screen shots or video.
  • You must encourage members to ask you questions about your methodology, and you must answer them.
  • You must provide any necessary indicators for download as required for your posted method.
  • Your post must be made on futures.io (formerly BMT), not a link to some off-site location like a blog. Embedding YouTube videos is fine for use as a summary of what you've written on futures.io (formerly BMT).
  • futures.io (formerly BMT) Administrators are excluded from winning, but futures.io (formerly BMT) Moderators can participate if they wish.
The whole idea here is to educate. I want this contest to be about teaching and helping one another. The last contest was about helping yourself (journal), so it seems right that this contest is about helping others. Your thread and your posts should be aimed with that in mind.

The winner of the contest will be chosen by a User Poll. At the end of June, a user poll will be created that gives members the option to vote on who should win. The enrolled thread's will be listed as choices. Make certain you do not forget to reply to this thread and give your thread URL to enroll in the contest.

Big Mike's decisions are final.

If you already have a thread that is about teaching a methodology, you don't have to create a new one if you don't want to. Just be sure you reply and post the thread URL so I will mark it as "enrolled" into the contest, and make sure it exists in either Traders Hideout, or The Elite Circle.

You guys are welcome to use this thread to talk about contest entries and discuss them.

Good luck! I look forward to reading everyone's threads!

Last -- do me a favor, tell all your friends about our teaching contest and encourage them to come to futures.io (formerly BMT) and create their own thread.

Mike

Hi Mike,

This is I think the URL: that you wnat to enroll me in the challenge if this is not what you need PM me back

https://futures.io/forex-currency-trading/10920-my-6e-euro-eur-usd-futures-contract-trading-strategy.html

thanks,
charles Booth

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  #45 (permalink)
Site Administrator
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BroncoSlade View Post
I'm in!

But the program would not let me post the URL as you requested.

Thanks,

Big Mike

Send me a private message with the URL please and I'll edit your post and put it in there. Non-Elite members cannot post URL's until your post count is greater than 5, to prevent spam.

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.

If you want
to support our community, become an Elite Member.

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  #46 (permalink)
Site Administrator
Manta, Ecuador
 
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Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
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Big Mike View Post
Send me a private message with the URL please and I'll edit your post and put it in there. Non-Elite members cannot post URL's until your post count is greater than 5, to prevent spam.

Mike

I've added your URL to your post.

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.

If you want
to support our community, become an Elite Member.

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  #47 (permalink)
Elite Member
North Port, Florida
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: IB
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Tiberius's Avatar
 
Posts: 1,539 since Feb 2010
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I saw this contest .....

to teach a trading strategy that I was developing from my journal. I like the contest format because it instills discipline and commitment that I need in my trading. I would like to enter the contest not because of a chance of winning (most likely won't happen) but because someone including myself might learn something.

I was going to teach this strategy to trade a stock index ETF and create the thread in the Traders Hideout, Stock and ETF Trading.

Trouble is I would be teaching something I developed but haven't traded yet. So it would start as a work-in-process and by the end of June, I and any viewers would learn something.

I attached an image of what I would teach. I would choose one of the charts.

What do you think Big Mike??

Attached Thumbnails
Big Mike Challenge 2 - Win a iPad 2-thursday.jpg  
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  #48 (permalink)
Site Administrator
Manta, Ecuador
 
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Posts: 46,240 since Jun 2009
Thanks: 29,354 given, 83,237 received


Tiberius View Post
to teach a trading strategy that I was developing from my journal. I like the contest format because it instills discipline and commitment that I need in my trading. I would like to enter the contest not because of a chance of winning (most likely won't happen) but because someone including myself might learn something.

I was going to teach this strategy to trade a stock index ETF and create the thread in the Traders Hideout, Stock and ETF Trading.

Trouble is I would be teaching something I developed but haven't traded yet. So it would start as a work-in-process and by the end of June, I and any viewers would learn something.

I attached an image of what I would teach. I would choose one of the charts.

What do you think Big Mike??

Yes, go for it! Perhaps all this confusion is over my choice of words "teach". Perhaps a better word would have been "discuss".

Be sure to post the thread URL here before June 1st.

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.

If you want
to support our community, become an Elite Member.

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  #49 (permalink)
Elite Member
Canton, OH
 
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Platform: ThinkOrSwim
Favorite Futures: Index Options Credit Spreads
 
HowardCohodas's Avatar
 
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Big Mike View Post
Mike

I'm pretty new here so this requirement confuses me. Although I am an Elite member, is it not the case that the thread would get the greatest visibility and questions if it was placed in the Traders Hideout rather than one of the Elite-only sections?

____________________________________________________
If it is to be, it is up to me.
All I Know About Trading Options I Learned in Flight School
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  #50 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,240 since Jun 2009
Thanks: 29,354 given, 83,237 received



HowardCohodas View Post
I'm pretty new here so this requirement confuses me. Although I am an Elite member, is it not the case that the thread would get the greatest visibility and questions if it was placed in the Traders Hideout rather than one of the Elite-only sections?

Hi Howard,

A lot of Elite Members only want to share inside of the non-public section of the forum. So they have the option to do so here, and since most active participants on the forum are Elite, I don't think it would diminish your chances of winning the contest to do so. But the choice is yours.

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.

If you want
to support our community, become an Elite Member.

Reply With Quote

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