Well said ..
----- Original Message ----- From: "brian.z123" <[EMAIL PROTECTED]> To: <[email protected]> Sent: Tuesday, March 13, 2007 6:41 PM Subject: [amibroker] Re: Seward Trading > Hello Dave, > > I hope you don't mind my uninvited comments; you aroused my empathy. > If you are not looking for advice don't read on. > > Note! my comments are nothing to do with Mr Seward's site which I > know nothing about. > > Loss of confidence is a fatal blow for most. > If the mentor you chose is a fake, your confidence will fall even > further, and you will almost certainly be finished. > Your honesty and search of a positive way out is your hope. > > I have personally only paid for one trading seminar, and 2-3 > electronic trading systems, or courses, and they were all duds. > > I did recently meet an Australian trader who I would be happy to pay > the $3k for, if I needed a mentor (please - no one ask me for a name, > I couldn't bear being responsible for a trainer endorsement), so > there are some good ones out there. > > The market does not beat us; we beat ourselves. > Attitude is at the root of the problem. > The most common attitudinal failing I observe is lack of patience. > Everything we do today is fast, fast, fast and we want it now. > > New traders are going to actual trading far too soon. > It takes years to learn to consistently trade well. > Of course it is not a problem if you are playing with 10K and that is > only pin money to you. > Knowledge is power, power is confidence. > Lack of confidence is based on lack of knowledge. > > In short, not with the desire to be cruel; > you didn't know what you were doing and you got found out. > > Mechanical system trading, while being the easiest method in some > ways, is actually the hardestway to trade of all. > It is easy, because, like Amway, once the work is done it stays done > (you don't have to keep poring over company financials for example). > On the other hand, an understanding of EVALUATION AND MONEY > MANAGEMENT is crucial, and this is a very difficult subject. > > If you follow this board, you will know how easy it is for seasoned > traders to get into a heated argument over the right and wrong way to > go about that. > > Note that everybody says MONEY MANAGEMENT,MONEY MANAGEMENT, MONEY > MANAGEMENT but I added EVALUATION because when the techniques of > system evaluation are understood, MM falls into place automatically. > > If you can come to understand E + MM like the back of your hand your > confidence will be back (after a lot of paper trading and > backtesting). > > > Another way out, might be to choose an easier method to start again > with e.g. Ed recently endorsed Techno-fundamental trading in the > forum, which I believe is a lot easier and more forgiving. > > Finally, anyone who is starting out could do a lot worse than pay for > a mentor to start them on the right foot. > If they go it alone they will end up paying with losses and time > anyway. > Provided of course a good mentor can be found; that is the rub. > > I hope it works out for you and that you are not trading with money > that you can't afford to lose. > > BrianB2. > > > > > --- In [email protected], "davelansing2004" <[EMAIL PROTECTED]> > wrote: >> >> Has anybody purchased Bill Seward's course featured on the > Amibroker >> website? My trading has been dismal for quite awhile and so I'm >> willing to purchase a reputable methodology in order to get back on >> track, money-wise, while trying to get my confidence back. >> >> Thanks. >> > > > > > > Please note that this group is for discussion between users only. > > To get support from AmiBroker please send an e-mail directly to > SUPPORT {at} amibroker.com > > For NEW RELEASE ANNOUNCEMENTS and other news always check DEVLOG: > http://www.amibroker.com/devlog/ > > For other support material please check also: > http://www.amibroker.com/support.html > > Yahoo! Groups Links > > >
