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Kevin Davey: "Beware the cult of personality"


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Kevin Davey: "Beware the cult of personality"

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  #1 (permalink)
 shodson 
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Nice article written by our very own @kevinkdog from Jan issue of Modern Trader about what to beware of when considering following a trading educator or mentor. Nice mention of futures.io too...

Beware the cult of personality | Futures Magazine

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  #3 (permalink)
 FABRICATORX 
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Awesome article, and couldn't agree more @kevinkdog

-Jimmy
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  #4 (permalink)
Rory
 
 
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It is a nice article and its a good reminder that fanboys and their social identity dysfunctions make life difficult by being both vapid supporters and easy prey for the confidence artists and their shills.

"Ignorance might be bliss for the ignorant, but for the rest of us it's a f****** right pain in the arse" Ricky G.

Edit: Hang on, I see Tradingschools is in the list of resources. Emmet Moore has the worst example of a honeypot I have seen in years. He is a conficted fraudster and felon who self-admittedly continues doing just that. I'm not sure he should be rewarded in the article

That said if you find a popular school or product not mentioned by Emmet Moore, it probably means its owned by someone substantial & competent enough that such a "survivor type" knows not to cross / has been warned off by. Or a fellow traveler.. can't win.

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 Forexoil 
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Rory View Post
It is a nice article and its a good reminder that fanboys and their social identity dysfunctions make life difficult by being both vapid supporters and easy prey for the confidence artists and their shills.

"Ignorance might be bliss for the ignorant, but for the rest of us it's a f****** right pain in the arse" Ricky G.

Edit: Hang on, I see Tradingschools is in the list of resources. Emmet Moore has the worst example of a honeypot I have seen in years. He is a conficted fraudster and felon who self-admittedly continues doing just that. I'm not sure he should be rewarded in the article

That said if you find a popular school or product not mentioned by Emmet Moore, it probably means its owned by someone substantial & competent enough that such a "survivor type" knows not to cross / has been warned off by. Or a fellow traveler.. can't win.

In fact in every review on tradingschools if the vendor supplies Emmett with any proof of trading, even if the results are relatively poor, the vendor gets a good review. The only ones who get bad reviews are those who give fake results or refuse to give any evidence of real trading.
And that is the way it should be Imo. Do you think he shouldn't ask for evidence?

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  #6 (permalink)
Rory
 
 
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Forexoil View Post
In fact in every review on tradingschools if the vendor supplies Emmett with any proof of trading, even if the results are relatively poor, the vendor gets a good review. The only ones who get bad reviews are those who give fake results or refuse to give any evidence of real trading.
And that is the way it should be Imo. Do you think he shouldn't ask for evidence?

With the greatest respect this response seems to be proof of the article being discussed perhaps?

The thing about a confidence artist is.. its a real skill, hence the artist part. Once a skill is acquired, it is invariably used. They never actually take anything from anybody.. they make you give to them willingly. You may not even know that what you are giving them has any value (as you are confident you know better), until it is too late.

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 Forexoil 
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And what would I be giving tradingschools?

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  #8 (permalink)
Rory
 
 
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I'm just going to bed before its morning here. I used to live near Chiang Rai, I miss the breakfasts (ok all the food)

May I first ask, have you fully read the posted article and also EM's "Warning", his autobiography which I linked to?

Please understand I'm not trying to split hairs just do you trust him and why?

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 Forexoil 
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Rory View Post
I'm just going to bed before its morning here. I used to live near Chiang Rai, I miss the breakfasts (ok all the food)

May I first ask, have you fully read the posted article and also EM's "Warning", his autobiography which I linked to?

Please understand I'm not trying to split hairs just do you trust him and why?

yes, I read both. Is there something specific I am supposed to conclude ?

Why would I need to trust him, he is not selling me a $1000s dollar system, indicator, or trading room.
He is simply giving the results of his investigations into various vendors. One vendor - who has a very professional website perked my interest- but a google search showed he had been reviewed on tradingschools: Rightline Trading -Update- Trading Schools.Org

Read it and see if you think my trust or lack thereof about Emmett Moore, is material. As far as I am concerned the review provided useful information that in my case lead to me not pursuing the rooms offer. If that indicates I am somehow hooked into an "emmett cult" please do enlighten me.

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 Anagami 
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shodson View Post
Nice article written by our very own @kevinkdog from Jan issue of Modern Trader about what to beware of when considering following a trading educator or mentor. Nice mention of futures.io too...

Beware the cult of personality | Futures Magazine

Beware the cult of ideology. That they did not say.

"The mind is its own place, and in itself can make a heaven of hell, a hell of heaven." - Milton
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 Forexoil 
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I want to add that i think there are many honest vendors out there, especially those selling tools like Ninjatrader, the many brokers, and some of the indicator people : jigsaw, bookmap, tradeswquak , probably orderflowanalytics (don't own that yet)and etc
And If Big Mike ever opens a live trading room I will first in line to sign up!

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  #12 (permalink)
Rory
 
 
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Just to add myself,

@Forexoil and I had a quick message last night. We were coming from very different mindsets but not worlds and clarified as gentlemen should

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 dk27 
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Mr. Davey, no excuses no BS.

https://www.tradingschools.org/reviews/kevin-davey-kj-trading-systems/

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 SMCJB 
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No BS is right. Never seen anybody do anything as open as @kevinkdog did here.
My already high opinion of Kevin, was elevated to almost atmospheric levels when I saw this last week.

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 grausch 
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Hi @kevinkdog,

I seem to recall that you once stated most of your trades lasting several weeks whereas the current review linked in this thread stated that most of your positions are closed the same day and you carry virtually no overnight risk.

Out of curiosity, and I am assuming your backtests indicated that it was a good move, is there a specific reason (other than backtest results) you decided to move towards day-trading type systems?

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 kevinkdog   is a Vendor
 
 
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grausch View Post
Hi @kevinkdog,

I seem to recall that you once stated most of your trades lasting several weeks whereas the current review linked in this thread stated that most of your positions are closed the same day and you carry virtually no overnight risk.

Out of curiosity, and I am assuming your backtests indicated that it was a good move, is there a specific reason (other than backtest results) you decided to move towards day-trading type systems?

Actually, most of my positions are swing trading strategies, holding overnight. Not sure why that review concluded differently - could have been combination of some quick exits, some rollovers, etc.

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