Hi there, Fellow 4X Followers and Friends:
Well, it looks like I owe Merlin and Fiji a second apology. I accused them of censoring information in my post yesterday: "Is Hiyo Really Trade Vector In Disguise" and apparently all they did was move it to the outhouse or something. Sorry, gentlemen.
And I owe Michelle an apology too. By the time I was worked up real good while I was drafting the post entitled "Should Newbies Be Allowed To Read Posts Discussing Trading At Super-High Leverage", I was shouting in print and using all kinds of crazy colors and to an innocent third-party observer, that's like a slap in the face. So she slapped me in the face back. I respect that. Sorry, Michelle.
How could it be that our Hiyo makes all these kinds of mistakes? Because he errs constantly. He knows it. He makes no bones about it. When he's right, he's right on target. But when he's wrong, oh boy! But he has the saving grace that he tries to be quick to acknowledge error and refrain from repeating it.
The fact is, I'm not a saint. I do have a temper. And if you push my buttons long enough and hard enough and demonstrate that you want to see it badly enough, I'm willing to show it to you. And it's been my life experience that people who have seen it once do not seem to display any great eagerness to see it a second time.
But what really triggered me was my emotions. They ran away with me. Just like they run away with all of us when we are trading and things are not going our way. And the market doesn't ask for any apologies. It just takes your money. Real simple. And real painful too. The market is a hard task-master but a very great teacher, nonetheless.
And I'm not mad at anybody here. Anybody. I don't care if you think I'm Trade Vector or Santa Claus or belong in a strait jacket. When I let my emotions run away with me, I probably do. But I am neither Trade Vector or Santa Claus and in my lucid moments, you can dispense with the strait jacket without danger to myself or others.
And I don't blame anybody for being skeptical about me or anything else. Why shouldn't you be? But it's one thing to be skeptical and another thing entirely to have a completely closed mind.
I'm not vending anything here. I am what I claim to be, a fellow trader trying to share info about trading he thinks is valuable and trying to pick some up too. And I know that sooner or later, you will all realize that this is the truth. So no problem. I can wait. Patience is a valuable asset to a trader.
It so happens that I did not drop out of the sky. I have a small circle of friends and fellow 4X traders out there and I write an (almost) daily newsletter to and for them and there's no skepticism like here because we've been together for a long time and they know me and I them. But it's a great little group. It's run pretty much as a student-led study group and while I am the moving spirit, I am not the "boss" there. There is no boss. We are a company of equals. And what is most interesting is that we keep a completely open mind to anything and everything, whether it's new websites, new products, new softwares, new advisory services, new anything and as long as there's a free trial, one or more of us will try it out and report to the others what they find. And the information that circulates amongst us weekly is dynamite. (I think that "free trial" business is very important. If a vendor does not have enough confidence in his or her product to let you try it out for a while without risk, then it's probably no darn good. I wouldn't touch it unless a fellow trader I respected and who had used it endorsed it in no uncertain terms. I want the free trial. And I use plenty of them.)
For example, when I stumbled across the incredible Economic Calendar at this website and the forum too, first thing I did was write an update for my group telling them definitely to get the calendar URL into their favorites ASAP. And I mentioned that I joined the forum here and it's possible some of them may have as well. I don't know. But when I raved about the calendar, they weren't enveloped in suspicion and paranoia. We trust ourselves enough to be bright enough and sharp enough and intelligent enough to scope things out for ourselves. We investigate things BEFORE we condemn them out of hand.
What good does a closed mind do your trading career, eh? Can you think of any? I can't. This is a learned discipline. It is constantly changing and we have to go on learning until we have perfected a methodology that works for us and functions as the money machine we all want and need. And even then it's wise to stay alert because circumstances change. I've seen really great professional trading advisors go belly-up this year after years of successful prognostication because the market suddenly changed its configuration and the theoretical basis of their selection methodology was destroyed in one swell foop. It's been sad to watch.
The reason I got the Economic Calendar is because I wanted to test out the Straddles on News strategy I got from Mike Stewart and I missed a nice move tonight at 7:30 pm when the AUD responded to news released at 7:30 pm Eastern with a very strong short move. This has been a slow week for the straddle strategy, as you can tell by checking our calendar. Nothing but yellows and oranges. But tonight's Aussie report was a red and boy it responded. This is a great tool and I rave about it to friends and fellow traders. And they can be as skeptical as they like, all they have to do is check it out and see it stands head and shoulders above anything else of the kind I know on the web.
We have a saying in America: "I'm from Missouri." What it means is, "show me." In fact, Missouri is called the "Show Me State." They are very skeptical people there. If you are making claims to them, they want you to show them, not merely talk to them. But they have open minds. They at least give you a chance to show them. And they withhold judgment until after they've gathered the facts instead of rushing to judgment beforehand.
You can't learn anything new until you open your mind. That's a fact.
This is a great market to trade, folks. Possibly the greatest there's ever been for the small investor on a budget.
Get enthusiastic and stay enthusiastic. Energized enthusiasm is the key, I'm certain of it. Picking good trades in this market is almost as easy as shooting at the broad side of a barn. And there are many, many means, methods and modes available to us to beat this market. Learning HOW to beat the market is not difficult. Coming up with the courage, discipline and patience to do what is necessary to be done to beat the market is difficult. But it can be done.
And don't forget to cherish the civil liberties you do have. Don't wait to find out how important they are until they are gone.
Respectfully submitted,
Yr fellow 4X Trader,
hiyo
Well, it looks like I owe Merlin and Fiji a second apology. I accused them of censoring information in my post yesterday: "Is Hiyo Really Trade Vector In Disguise" and apparently all they did was move it to the outhouse or something. Sorry, gentlemen.
And I owe Michelle an apology too. By the time I was worked up real good while I was drafting the post entitled "Should Newbies Be Allowed To Read Posts Discussing Trading At Super-High Leverage", I was shouting in print and using all kinds of crazy colors and to an innocent third-party observer, that's like a slap in the face. So she slapped me in the face back. I respect that. Sorry, Michelle.
How could it be that our Hiyo makes all these kinds of mistakes? Because he errs constantly. He knows it. He makes no bones about it. When he's right, he's right on target. But when he's wrong, oh boy! But he has the saving grace that he tries to be quick to acknowledge error and refrain from repeating it.
The fact is, I'm not a saint. I do have a temper. And if you push my buttons long enough and hard enough and demonstrate that you want to see it badly enough, I'm willing to show it to you. And it's been my life experience that people who have seen it once do not seem to display any great eagerness to see it a second time.
But what really triggered me was my emotions. They ran away with me. Just like they run away with all of us when we are trading and things are not going our way. And the market doesn't ask for any apologies. It just takes your money. Real simple. And real painful too. The market is a hard task-master but a very great teacher, nonetheless.
And I'm not mad at anybody here. Anybody. I don't care if you think I'm Trade Vector or Santa Claus or belong in a strait jacket. When I let my emotions run away with me, I probably do. But I am neither Trade Vector or Santa Claus and in my lucid moments, you can dispense with the strait jacket without danger to myself or others.
And I don't blame anybody for being skeptical about me or anything else. Why shouldn't you be? But it's one thing to be skeptical and another thing entirely to have a completely closed mind.
I'm not vending anything here. I am what I claim to be, a fellow trader trying to share info about trading he thinks is valuable and trying to pick some up too. And I know that sooner or later, you will all realize that this is the truth. So no problem. I can wait. Patience is a valuable asset to a trader.
It so happens that I did not drop out of the sky. I have a small circle of friends and fellow 4X traders out there and I write an (almost) daily newsletter to and for them and there's no skepticism like here because we've been together for a long time and they know me and I them. But it's a great little group. It's run pretty much as a student-led study group and while I am the moving spirit, I am not the "boss" there. There is no boss. We are a company of equals. And what is most interesting is that we keep a completely open mind to anything and everything, whether it's new websites, new products, new softwares, new advisory services, new anything and as long as there's a free trial, one or more of us will try it out and report to the others what they find. And the information that circulates amongst us weekly is dynamite. (I think that "free trial" business is very important. If a vendor does not have enough confidence in his or her product to let you try it out for a while without risk, then it's probably no darn good. I wouldn't touch it unless a fellow trader I respected and who had used it endorsed it in no uncertain terms. I want the free trial. And I use plenty of them.)
For example, when I stumbled across the incredible Economic Calendar at this website and the forum too, first thing I did was write an update for my group telling them definitely to get the calendar URL into their favorites ASAP. And I mentioned that I joined the forum here and it's possible some of them may have as well. I don't know. But when I raved about the calendar, they weren't enveloped in suspicion and paranoia. We trust ourselves enough to be bright enough and sharp enough and intelligent enough to scope things out for ourselves. We investigate things BEFORE we condemn them out of hand.
What good does a closed mind do your trading career, eh? Can you think of any? I can't. This is a learned discipline. It is constantly changing and we have to go on learning until we have perfected a methodology that works for us and functions as the money machine we all want and need. And even then it's wise to stay alert because circumstances change. I've seen really great professional trading advisors go belly-up this year after years of successful prognostication because the market suddenly changed its configuration and the theoretical basis of their selection methodology was destroyed in one swell foop. It's been sad to watch.
The reason I got the Economic Calendar is because I wanted to test out the Straddles on News strategy I got from Mike Stewart and I missed a nice move tonight at 7:30 pm when the AUD responded to news released at 7:30 pm Eastern with a very strong short move. This has been a slow week for the straddle strategy, as you can tell by checking our calendar. Nothing but yellows and oranges. But tonight's Aussie report was a red and boy it responded. This is a great tool and I rave about it to friends and fellow traders. And they can be as skeptical as they like, all they have to do is check it out and see it stands head and shoulders above anything else of the kind I know on the web.
We have a saying in America: "I'm from Missouri." What it means is, "show me." In fact, Missouri is called the "Show Me State." They are very skeptical people there. If you are making claims to them, they want you to show them, not merely talk to them. But they have open minds. They at least give you a chance to show them. And they withhold judgment until after they've gathered the facts instead of rushing to judgment beforehand.
You can't learn anything new until you open your mind. That's a fact.
This is a great market to trade, folks. Possibly the greatest there's ever been for the small investor on a budget.
Get enthusiastic and stay enthusiastic. Energized enthusiasm is the key, I'm certain of it. Picking good trades in this market is almost as easy as shooting at the broad side of a barn. And there are many, many means, methods and modes available to us to beat this market. Learning HOW to beat the market is not difficult. Coming up with the courage, discipline and patience to do what is necessary to be done to beat the market is difficult. But it can be done.
And don't forget to cherish the civil liberties you do have. Don't wait to find out how important they are until they are gone.
Respectfully submitted,
Yr fellow 4X Trader,
hiyo
to keep a balanced view for newbies.
. But that was some time back.