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EZ Color Trading - Article - wgreenie
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EZ Color Trading - Article - wgreenie

  #71 (permalink)
Elite Member
Trading Experience: Intermediate
Platform: NinjaTrader, OpenQuant
Broker/Data: Zaner/Zen Fire
Favorite Futures: ES,6E,6B,GC,CL
Posts: 595 since Nov 2009
Thanks: 176 given, 119 received

I second Fat Tail's opinion.
I know Beth very well and one of the decent persons you can find here.
It is not about getting some indicators from somewhere but how you make your final setup, which is her own.

Fat Tails View Post
The Trading Universe is a jungle. You can feed on other traders by trading against them or by educating them. In the end it is a question at what you are better. Some traders also like to have a second leg besides trading. Running a website or a forum provides you with a lower, but stable income, which is not the case for trading.

So let me resume the facts:

(1) Beth is a nice person.

(2) She did not steal any indicators, but developed her own set of tools.

(3) She managed to set up a website and contracted some customers. She has something to teach, she is polite and takes care of her clients.

(4) I really do not know whether she is a good trader or whether her system works, because I have not spent the time to check it. I know that 90% of all systems sold via the internet do not make money and of course I have second thoughts, as I have always second thoughts.

(5) Some of the other members of Big Mike's are jealous, as they think that they are better traders than Beth, but these other members did not manage to set up a website.

So what?

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  #72 (permalink)
Elite Member
desert CA
Trading Experience: Intermediate
Platform: NT7, TOS, IB
Broker/Data: AMP/wCQG, TDA, IB
Favorite Futures: CL,NQ,YM
Posts: 2,060 since Jul 2011
Thanks: 2,247 given, 1,595 received

Maybe you're right. Beth did accomplish a new vendor site and has customers. I would have liked to do something similar starting a site maybe related to another type of business. It would test my conscience if I started a site selling indicators when I know I hadn't traded successfully nor have ever did with them. But it's an accomplishment to start a successful business where 80% fail today.

I had worked as phone tech support for a set of products which one of its core components I knew were made with cheap dubious quality control, or at worst knew they were 2nd hand 1st testing trial factory rejects but would maybe last a year before it was assumed the customer would buy an upgraded model anyways or call for a replacement. All of us who worked at the place knew it, and we were all a party to it still. Today's business climate is severely desperate for any industry. And as a trader today, I have to live with knowing I'm still doing an endeavor considered gambling by the majority of the public and even my relatives. And even if percentage wise I'm not really making profits off of newbie traders, I'm still riding the coattails of, and trying to pick up money left on the table for a small opportune moment by unscrupulous bankster trading arms and armies of HFT computer arrays of trading firms. So quoting Fat tails, "so what"?

Last edited by Cloudy; January 11th, 2012 at 06:56 AM.
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  #73 (permalink)
Elite Member
desert CA
Trading Experience: Intermediate
Platform: NT7, TOS, IB
Broker/Data: AMP/wCQG, TDA, IB
Favorite Futures: CL,NQ,YM
Posts: 2,060 since Jul 2011
Thanks: 2,247 given, 1,595 received

I noticed more products on the page; might be new or I just missed it before:

EZ Educational Products - EZ Signal - Your Gateway to the Futures World!

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  #74 (permalink)
Elite Member
Washington DC
Trading Experience: Intermediate
Platform: NinjaTrader
Posts: 214 since Jun 2009
Thanks: 110 given, 117 received

Cloudy View Post
I noticed more products on the page; might be new or I just missed it before:

EZ Educational Products - EZ Signal - Your Gateway to the Futures World!

Yeah, it's new. No thanks.


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