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EZ Color Trading - Article - wgreenie


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EZ Color Trading - Article - wgreenie

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  #31 (permalink)
Market Wizard
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@Lornz:

Either you take away OPM (other people's money) by trading against them, or you take OPM by selling them your system.

Most people just want to be entertained, and spending money for a colorful trading system is more entertaining than just depleting the trading account with a simple chart.

Traders are carnivores, and some like to play with their victims as the cats plays with mice before they kill them.

Pretending not to be a carnivore is just self-delusion.

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  #32 (permalink)
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I disagree. Either you make money in the markets, or you stay away from trading. Trading has not only been about making money for me, it's been my whole life. It's both an art and a science: it's the ultimate game. One can tie in philosophy, psychology, math and what not, and get instant feedback on one's ideas. It's quite remarkable. To taint it by exploiting others, is something I will not partake in. I realize that the whole industry is geared towards that, though. There are very few "pure" traders in this world, but I take pride in being one of them.

I am as ruthless as the next guy when I'm trading, but I think it's in poor taste to feed people illusions about what is required to become successful.

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  #33 (permalink)
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Lornz View Post
I disagree. Either you make money in the markets, or you stay away from trading. Trading has not only been about making money for me, it's been my whole life. It's both an art and a science: it's the ultimate game. One can tie in philosophy, psychology, math and what not, and get instant feedback on one's ideas. It's quite remarkable.

Trading has not been my life for a long time. But I fully agree, this is what attracts me to trading. It is a mirror of life, trading and life are both Ponzi - or let us say evolutionary - schemes. Trading has indeed reinforced my interest in philosophy, psychology and mathematics, not to forget about economics. It is a challenge by itself and leads you to an exploratory trip with lots of opportunities for testing what you have learned.


Lornz View Post
To taint it by exploiting others, is something I will not partake in. I realize that the whole industry is geared towards that, though. There are very few "pure" traders in this world, but I take pride in being one of them.

I am as ruthless as the next guy when I'm trading, but I think it's in poor taste to feed people illusions about what is required to become successful.

So you think that when you trade and take money from the markets, you are not exploiting others, just because you do it anonymously? As the pilot who dropped the bomb on Hiroshima just took pride in participating in a patriotic enterprise, as he did not see the broken eyes of those he killed?

The comparison is intentionally exaggerated, but war is another game. It is just that the target is not OPM (other people's money) but OPL (other people's lives). This is an ugly game as opposed to trading, but it follows a similar logic and similar rules.

And you pretend that it is better to take OPM without feeding their illusions? You are a missionary who wants others to follow the path of truth that you have chosen. You are protestant bastard (this is not meant as an insult) not understanding that illusions and entertainment are part of life, and that these illusions are required to recrute the new innocent traders who are willing to trade against you.

So don't pretend to be the honest guy who does not exploit others.

Of course you are, even if you hide behind your carefully constructed moral defense.

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  #34 (permalink)
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Fat Tails View Post
Trading has not been my life for a long time. But I fully agree, this is what attracts me to trading. It is a mirror of life, trading and life are both Ponzi - or let us say evolutionary - schemes. Trading has indeed reinforced my interest in philosophy, psychology and mathematics, not to forget about economics. It is a challenge by itself and leads you to an exploratory trip with lots of opportunities for testing what you have learned.

Well put! By the way, I did not forget about economics, I just took it for granted...


Quoting 
So you think that when you trade and take money from the markets, you are not exploiting others, just because you do it anonymously? As the pilot who dropped the bomb on Hiroshima just took pride in participating in a patriotic enterprise, as he did not see the broken eyes of those he killed?

The comparison is intentionally exaggerated, but war is another game. It is just that the target is not OPM (other people's money) but OPL (other people's lives). This is an ugly game as opposed to trading, but it follows a similar logic and similar rules.

And you pretend that it is better to take OPM without feeding their illusions? You are a missionary who wants others to follow the path of truth that you have chosen. You are protestant bastard (this is not meant as an insult) not understanding that illusions and entertainment are part of life, and that these illusions are required to recrute the new innocent traders who are willing to trade against you.

So don't pretend to be the honest guy who does not exploit others.

Of course you are, even if you hide behind your carefully constructed moral defense.

I only empathize with people who are executing faulty systems based on lies from the vendor. That is completely different from taking money from other participants in the markets.

I'm not a missionary, I just don't like dishonesty. I fully understand that illusions and entertainment are parts of life, and people may spend their time and money however they please. My point was simply that I despise people that are selling things that don't work. This is something that I have a fundamental problem with. You may argue that everyone is responsible for their own decisions (even though free will does not exist), but that is beside the point. The point is that praying on the less resourceful is not something to be admired, and I can't understand why anyone would want to do it.

The tiny amount of capital these rotten services bring to the market is inconsequential. It makes no difference to me whether they trade or not. The money brought in by professionals is another story, though...

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  #35 (permalink)
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Lornz View Post
...
It gets worse:
"EZ Color is one of the simplest and most effective trading systems in the market …

All green/aqua Go Long
All red/magenta Go Short

~ Stay with the overall trend
~ No more guesswork
~ Precise and timely EZ signals
~ Minimal analysis when entry rules align
~ Built-in mechanism to protect capital and tighten stop
~ Above-average reward/risk ratio
~ Let your trade run
~ Accompany you from Start till End of a trade
~ Design to make your life easier"

This is the sort of marketing I really have a problem with. I don't know much, but I do know that this is not one of the "most effective trading systems in the market". Aside from that blatant lie, she also first states "No more guesswork", only to counter it with "Minimal analysis when entry rules align" a couple of lines further down.

This has nothing to do with trading, it is about the capitalistic mindset. Change a couple of words in the advertising spiel above, and she could be selling a plant fertilizing method. We can be politically correct and say 'I have not tried the system, so I don;t know if it works', but anyone who has been on this site for a while, and has read her thread can hazard to guess if this is a worthwhile system or not. It's the capitalistic way, sell crap to suckers who are naive enough to buy it, and give them a discount for inviting their sucker friends.

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  #36 (permalink)
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monpere View Post
This has nothing to do with trading, it is about the capitalistic mindset. Change a couple of words in the advertising spiel above, and she could be selling a plant fertilizing method. We can be politically correct and say 'I have not tried the system, so I don;t know if it works', but anyone who has been on this site for a while, and has read her thread can hazard to guess if this is a worthwhile system or not. It's the capitalistic way, sell crap to suckers who are naive enough to buy it, and give them a discount for inviting their sucker friends.

Exactly my point! I don't think peddling junk is something to be proud of. The world is built on that premise, though. I think it's quite sad; there is more to life than money.

It's more immoral to sell junk than it is to make money trading. Everyone that funds a trading account should be prepared to lose it all. But some poor old woman looking to buy a used car, should not be screwed over by some slick salesman. Not to mention the food industry. Nothing sickens me more than that. (literally )

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  #38 (permalink)
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Wow, correct me if I'm wrong but that's a pretty myopic trading method. I would imagine one would get chopped up to oblivion. Big picture = 9 range? Hmmmm. I don't want to be entirely negative however, it's just that you need to be looking at the bigger picture to see where the OTF will step in to move the markets. Trading like this is like trying to navigate a globe while only looking through a microscope. You need to see the big picture to know where you could end up. This method does offer some good trading elements I guess but just needs to be refined a bit which is just my opinion of course.

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  #39 (permalink)
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@FT,

I think the difference for me is that when people step into the trading ring that if they were not ambushed by people telling them they could make billions a week then most would realize the danger that they will actually be losing money and that they are entering a competition.

The challenging with marketing like this is that it 'inflates' the ego and confidence levels of the person giving them a foundation that is both false and ready to collapse within the next consolidation range.

The argument to me is that we are all killing each other by over-populating our current space ship and that will become more evident as we continue down the path. And, it has been our human nature to lie, cheat, steal our way to a better life because those persons who did that were the 'survivors' and passed those genes down....

I agree w/ Lornz in that if someone enters the competition, and you happen to be in that competition, then it isn't the same as 'coaching' someone to enter the competition because you got your ass kicked and telling them how easy it will be to WIN that event. Not the same, not even close...

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  #40 (permalink)
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bluemele View Post
@FT,

I think the difference for me is that when people step into the trading ring that if they were not ambushed by people telling them they could make billions a week then most would realize the danger that they will actually be losing money and that they are entering a competition.

The challenging with marketing like this is that it 'inflates' the ego and confidence levels of the person giving them a foundation that is both false and ready to collapse within the next consolidation range.

The argument to me is that we are all killing each other by over-populating our current space ship and that will become more evident as we continue down the path. And, it has been our human nature to lie, cheat, steal our way to a better life because those persons who did that were the 'survivors' and passed those genes down....

I agree w/ Lornz in that if someone enters the competition, and you happen to be in that competition, then it isn't the same as 'coaching' someone to enter the competition because you got your ass kicked and telling them how easy it will be to WIN that event. Not the same, not even close...

There is a saying: "Those who can... do. Those who can't... teach". I have the utmost respect for teachers with a calling, but if you teach because you failed, then this saying certainly applies.

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February 19, 2012


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