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Earn2Trade - Orianna Foucault (Director of Support) - Ask Me Anything (AMA)


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Earn2Trade - Orianna Foucault (Director of Support) - Ask Me Anything (AMA)

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  #501 (permalink)
 Sandpaddict 
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bobwest View Post
Well, you saved me the trouble of making this exact comment.

I thought so
bobwest View Post
While it is both generally accepted and very common for people in all areas of life to make comments about things they don't know much about, I think it is better to try to limit this as much as possible.

This is where I agree but disagree as who decides who knows what is true. I very much welcome challenge to my thoughts but I have to express them to have them challenged. And a CIVIL discussion is the best thing for that.

bobwest you ARE the epitimy of PC but that's not me.

I DO try to challenge my own thinking as much as I can! But as you can see from my posts I am very much NOT PC.

I try to be but I'm just as likely to exaggerate the the good as the bad. I'll say "that's the BEST book I've ever read in my life!" Then turn around and say that about a different book the next day!

That's my personality but the one thing I'm not is closed off to ideas and other points of view.
bobwest View Post
I'm not saying anything about whether you are right or wrong. Just that you might think about what you know first-hand and what you don't. I have no stake in Earn2Trade or any of these companies, and don't care if anyone uses them or not.

Just because I am asking for clarification on these companies doesn't mean I want marketing and told it's good for me. They are not ALL bad or ALL good. I'm looking for the truth so I can decide for myself.

bobwest View Post
(Although I am a little pissed about the comment that it is useful to FIO as a sponsor, as if we pushed things to the membership for the sponsor money. Think about whether that is your opinion about futures.io.)

FIO is the best community I'VE EVER BEEN IN (there I go again) and it is filled with great people and the moderators do their job very, very well. Having said that, yes I do get the feeling from empirical findings that FIO does PUSH their sponsors. What about this webinar?

But it's a win/win/win right?

Well what if I would have been better of never coming across this post and listening to the webinar (which my ignorance says is probably a slick presentation based on some confident guy showing you how his software will benefit you and using, foundational trading principles dressed in clever clothing to make it seem like it's just so easy) and joining!

My own fault. Right? Right!
bobwest View Post
The internet loves a good negative pile-on, warranted or not. It's fun and it costs nothing and it makes the pilers feel good.

Yeup nothing feels as good as self righteousness. In whatever form that comes in!
bobwest View Post
I personally think there are other options for new traders, such as trading their own real money in the micros, that in many cases will make more sense for them. They will lose money anyway, probably more than the fees for these companies (pretty much certainly, actually), but the live trading experience is worth a lot. But if someone understands the rules and decides to put up the fee and agrees to abide by the conditions, then it's their business and their decision. It's not an ufair ripoff if they don't become instant trading successes. And they're not simply getting ripped off just because it cost them something. Maybe they should just try something else, not blame others for their trading.

My issue is with people who build a business designed to squeeze novices out of whatever they can and INCENTIVIZE them to keep going.

Sure they are going to loose their money anyway but not under such ridiculous constraints.

These constraints are not going to help you from failing but they might guarantee failure.
bobwest View Post
But my opinion doesn't matter that much either. I am just against generalized refusals to be responsible.

Me to bobwest... me too.


bobwest View Post
Yes, I have tried one of these companies, not this one, and have no complaints that I did not trade it very well. It was more an eye-opener than anything else, and I was not being teken advantage of. I just couldn't trade, which was important to know at some point . When you recognize something needs to be fixed, sometimes you will go and fix it.

I think I would BENEFIT GREATLY from one of these for the same reasons you stated.

I have been trading long enough and if I can't keep my emotions in tact I will NEVER make it anyway! That is me and that is my issue.

I actually went to sign up for E2T and still want to for the very reason it's my money management I KNOW but let I get out of hand.

I love the idea of a hundred dollar "reset". I love the whole IDEA of the combine. And the whole setup.

BUT in reality there are some things they really dont make clear. Like the max trailing drawdown is based on the MFE!

So if your max trailing drawdown is $2000 and you have an open profit go to positive $1000 then back to breakeven where to exit. Your MAX trailing stop is now only $1000!!!! Even though you only broke even!(Even that example probably broke some other rules).

Sure you would say you LET $1000 in profit go? Why would it be like that? Because you get PUNISHED on every trade that's why.

They would also say it's ALL in the FAQ (I'd say the fine print).

They are extremely loud when it comes to telling you how easy it is "TO GET FUNDED AS LITTLE AS 15 DAYS" as if on the 16th day you'll be trading with the full amount. Yes they do make it SOUND like that and I call BS but a newbie?
bobwest View Post
If someone has had a negative experience with any of these companies, that is their experience and not something for me to try to judge. I'm just making a comment about the negative pile-on. I also hope that new traders understand that money is going to be lost when they go into trading, no matter how they do it, and that it is best understood as a tuition cost that is going to be paid, one way or another. Some people will decide the tuition is not worth it, which is their decision too.

Bob.

I think it's about them being able to make AN INFORMED DECISION. I dont think you would argue with that but for some reason we see things differently? Maybe not.

I agree if you fail it's your own fault. It's also just one history. Just like trading. Maybe if you tried again you'd do great maybe not. That's not my issue at all.

People can be as mad as they want if they keep loosing because they are not good enough but that's NOT what I'm talking about.

I do not mean anything personal or disrespectful in the least bit. I sound rude sometimes as I read it back but that's me. It's not meant to mean anything beyond the words themselves.

With the utmost respect bobwest and sorry for the length.

Joseph

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  #502 (permalink)
 bobwest 
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Sandpaddict View Post
There is just so much PREY just sitting there! Let's start a company to get some of that seeing as they are going TO LOOSE ANYWAY! I'm being extreme on pupose. But it's true none the less.

I understand all you wrote and it's fine, except I cannot comprehend how you thought I wrote something that comes down to "There is just so much PREY just sitting there! Let's start a company to get some of that seeing as they are going TO LOOSE ANYWAY!" This is just about 100% the opposite of what I said, or at least what I meant. But I won't argue the point. We're operating in different universes, apparently.

As to the rest, fine. Everyone has their opinion. Pretty much about everything.

Bob.

When one door closes, another opens.
-- Cervantes, Don Quixote
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  #503 (permalink)
 Sandpaddict 
Langley
 
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Posts: 643 since Mar 2020



bobwest View Post
I understand all you wrote and it's fine, except I cannot comprehend how you thought I wrote something that comes down to "There is just so much PREY just sitting there! Let's start a company to get some of that seeing as they are going TO LOOSE ANYWAY!" This is just about 100% the opposite of what I said, or at least what I meant. But I won't argue the point. We're operating in different universes, apparently.

As to the rest, fine. Everyone has their opinion. Pretty much about everything.

Bob.

I'll amend. That's NOT at all what I ment. I was referring to the people who design a company around the idea of exploiting novices as their bread and butter.

Yes this is a capital system and its totally legal and... you get my drift.

Omg yes I'm usually on another planet if not another universe! Lol. No but really.

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  #504 (permalink)
 Sandpaddict 
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Sandpaddict View Post
Well I can't really say much as I have not. What I can say is I will listen but I'd imagine it's a clever sales pitch wrapped in infotainment.

Alot of the content will be based on tried and true concepts in trading but the difference is the emphasis is the tools and structure THEY provide to ease the trading burden. And not at all how hard trading actually is.

I've eatin my my words on many occasions and even WANT to try one.

I actually choose E2T then backed out last minute. Still too concerning. Too many red flags.

I will listen to webinar.

Thank you

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Well I hate to say it but I was right.

Infotainment followed by a HARD sales pitch.

The first question he didnt like about fees changed his demeanor.

Would not recommend.
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