“The worst people to serve are the Poor people. Give them free, they think it’s a trap. Tell them it’s a small investment, they’ll say can’t earn much. Tell them to come in big, they’ll say no money. Tell them try new things, they’ll say no experience. Tell them it’s traditional business, they’ll say hard to do. Tell them it’s a new business model, they’ll say it’s MLM. Tell them to run a shop, they’ll say no freedom. Tell them run new business, they’ll say no expertise. They do have somethings in common: They love to ask google, listen to friends who are as hopeless as them, they think more than an university professor and do less than a blind man.

Just ask them, what can they do. They won’t be able to answer you. My conclusion: Instead of your heart beats faster, why not you just act faster a bit; instead of just thinking about it, why not do something about it. Poor people fail because on one common behaviour: Their Whole Life is About Waiting.”

I run into this often, when talking about trading "systems", or indicators, mirror-trading services and the like.

Here's what I hear: "If they really had a system figured out, why would they be selling it? They would just trade it and make money and never offer it to anyone else."

A few things come to mind:

Argumentum ad populum, which is comments like "fifty million fans can't be wrong" and the like. Pro-401k advocates come to mind.

Appeal to Poverty, which is a moral fallacy, that wealthy people are greedy, and poor people are humble, therefore being wealthy makes you a greedy and bad person.

This kills me, the thinking that "if there are a few bad eggs, then all of them must be bad."

I personally work with philanthropists, and other extremely wealthy people, and they tell me that they are often turned down for giving away free money, because the recipient can't shake the feeling that it's somehow a scam.

Here's Alibaba's Jack Ma on the subject:


How do you guys stay objective to this, and not falling victim to our natural fallible thinking?

Ttrying to undersand the point of your post, is the underlying message "some trading systems being sold are profitable" ?

I suppose it was more of a late-night rant than anything, lol!

But no, that wasn't my point.

I guess it's more of, how do you combat the mentality that prevents us from taking an opportunity, whether its a trade, a job, a business venture, etc.

The "it sounds too good to be true, then it is" and "if trading is so great why isn't everyone doing it?"

Personally I believe that if you look for problems you'll certainly find them. The same can be said about opportunities.