Hi, what i'm looking to discuss here is if the systems-sharing effect, like this one that happen everyday on forexfactory, somebody have a system, want to share, other people improve it, discuss it, etc...
Now, looking over the box, why it's a "waste of time"?
Because:
We say that 95% of people loose money, so it's obvious that the 5% who actually make it (and make it big) don't share his experience (costed many money [losses during the learning curve]) with the other 95% of traders, now..
This let us know that the system-sharing phenomenon is used only between that other 95% of traders, who don't know how to trade profitably.
As result, 100% of systems shared and posted in forums, blogs, books, videos, etc.. are systems created by people who don't trade profitably (not consistently), so these are systems that mainly loose money in the long term.
These systems cannot make regular profit, and the "improvements" are some add-ons/modify of the system imposed by people (always in the 95% of loosers) that isn't able to make profit from the market.
Result: loosing systems modified by unexperienced people, months working on systems all together.. and always end with a loosing system.
That's why i say that probably if we spend less time looking other people system and we concentrate all our energies to our personal system, created from our studies, this will give a chance to create something of profitable.
I created a poll, feel free to give your opinion
Thank you
Now, looking over the box, why it's a "waste of time"?
Because:
We say that 95% of people loose money, so it's obvious that the 5% who actually make it (and make it big) don't share his experience (costed many money [losses during the learning curve]) with the other 95% of traders, now..
This let us know that the system-sharing phenomenon is used only between that other 95% of traders, who don't know how to trade profitably.
As result, 100% of systems shared and posted in forums, blogs, books, videos, etc.. are systems created by people who don't trade profitably (not consistently), so these are systems that mainly loose money in the long term.
These systems cannot make regular profit, and the "improvements" are some add-ons/modify of the system imposed by people (always in the 95% of loosers) that isn't able to make profit from the market.
Result: loosing systems modified by unexperienced people, months working on systems all together.. and always end with a loosing system.
That's why i say that probably if we spend less time looking other people system and we concentrate all our energies to our personal system, created from our studies, this will give a chance to create something of profitable.
I created a poll, feel free to give your opinion
Thank you