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  • #741
  • Nov 20, 2009 12:40pm Nov 20, 2009 12:40pm
Quoting daytrading
Hey, Pipmutt -

apparently, you are my alter ego - what do you have to say to that?

regards
daytrading

Hey DT

Well I'm sure we both cut a dashing figure, are suave, sophisticated, elegant, wealthy, and extremely good traders......but nope, I'm pretty sure I'm not your alter ego, I would know this because you're not the one paying alimony to my ex wife!
  • #742
  • Nov 20, 2009 12:41pm Nov 20, 2009 12:41pm
Daytrading,

I have a suggestion for ya. Since you make some great points and write eloquently I think if you wrote up an article on the risks that are out there for newbies entering the markets and how to do due diligence you could probably get it as a sticky note on the Commercial Forum.

I think this would be an excellent contribution and a way to help newbies out and avoid some of the common pitfalls.

I respect what you to say 'in general' on this matter, although it is unfortunate that you have turned your guns on a specific member. Just a thought, I know its kind of altruistic, but I think you'd be able to write up a really good article.

Just an idea.
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #743
  • Nov 20, 2009 12:57pm Nov 20, 2009 12:57pm
Chaps,

Forex is business and as we all know the point is to make money from it. In my opinion there are a few general types of forex traders:
1/ rubbish traders (the majority) - at one point or another they either give up or start looking for guidance
2/ good traders (the minority). These guys I would divide into two groups:
- those willing to share wisdom when asked or when they simply want to
- those who take the chance to make extra cash by selling tips/courses/systems/etc (yep, the "mentors" in question).

Lately I notice there's another group worth mentioning - the analyists. Never traded a cent but still doing courses in technical/fundamental analysis, money management, trading systems - quite a scum IMHO.

Now don't get me wrong, this is a free world and everyone's free to do his living in a way that fits him best. I've never been in any of those pay-to-earn groups so there's no way for me to know whether those tips/signals give good enough ROI, however it's my opinion that forex is a business where the key is in YOUR head and not in someone else's tips or signals.

Cheers
  • #744
  • Nov 20, 2009 2:03pm Nov 20, 2009 2:03pm
Quoting pipmutt
Hey DT

Well I'm sure we both cut a dashing figure, are suave, sophisticated, elegant, wealthy, and extremely good traders......but nope, I'm pretty sure I'm not your alter ego, I would know this because you're not the one paying alimony to my ex wife!
Pip,

You are slightly behind in terms of ex-wife's, since I have already two under my belt, haha.

regards
daytrading
Enter Signature
  • #745
  • Nov 20, 2009 2:09pm Nov 20, 2009 2:09pm
Hi garrye & everyone,

Since you are a member & follower of Jacko's method & as newbes it will be helpful for us, if you could share how you feel or rather your experience with it.
The thing is, there should be some way to learn a thing of which you are really interested &, to do that, often, you have to depend on some one who offers the help or mentorship for a free or otherwise. You may self learn it through a long journey and with a very high cost & even then, you may quite not get it, to be successful in trading. Some are naturally do not like to share the "real" knowledge, even for a fee due to various reasons & it should be appreciated if there are few around, who comes forward and offer hands to the new guys for the benefit of both the mentors & students.

all ideas are welcome.
  • #746
  • Edited 2:40pm Nov 20, 2009 2:29pm | Edited 2:40pm
Quoting LasVahGoose
Daytrading,

I have a suggestion for ya....
LasVahGoose,

Your suggestion is not half bad, let me assure you. I might even do that.

The unfortunate thing is though that the ball here is already rolling and to create the same attention with a brand new thread might just not be good enough.

I received some private messages on the matter, mainly to commiserate me on what could indeed prove to be a futile exercise. I am though intending to keep going here and I advance my sincere apologies if any members in particular have found themselves in the firing line.

People have told me that I might get eventually banned for 'attacking' upstanding members of this community. I am not attacking anybody though and I hope that the main message will be what I am being judged by.

If this thread had never been started (and conducted at times) as a promotional tool, it might never have come to this - at least I would not have raised the points I did, because I was not even aware that a newly created commercial part of the forum exists.

I have read through Twee's posts in which he tried to establish the rules for it based amongst other things on the feedback of fellow members. A great deal of members have spoken out (including myself) to strictly separate the commercial side from the rest of the Factory for more or less the reasons that have led to this very discussion.

Now, since this is all out in the open, I don't see a reason for it not to be resolved right here in a civilized manner. My simple suggestion remains the same: for the business (and/or the members in question) who made very distinct claims about a service that is offered against payment of an annual fee of $700, to show real hard evidence in order to vindicate themselves on the points raised here.

Too many big businesses have been caught with their pants down in recent financial market history. Why should due diligence stop with the big guys and their victims - I am sure the people who might lose smaller amounts of money through what is up to now unclear in terms of being a legitimate business, are equally pissed off.

I really don't care who is behind it. I can easily get someone to pose as interested in the service and ask for what I am asking for here for the public to see (real verified records) and then publish it...it would take longer yes, but the outcome would be the same.

regards
daytrading
Enter Signature
  • #747
  • Nov 20, 2009 2:53pm Nov 20, 2009 2:53pm
Quoting Dvmo
Hi garrye & everyone,

Since you are a member & follower of Jacko's method & as...
Dvmo,

One idea might be to follow this thread before making any decisions.

regards
daytrading
Enter Signature
  • #748
  • Nov 20, 2009 4:05pm Nov 20, 2009 4:05pm
Thanks, Daytrading I appreciate your idea, & will make use of it.

So, where are other professionals.
  • #749
  • Nov 20, 2009 5:33pm Nov 20, 2009 5:33pm
Another US trading session and I see the trolls have used that time to focus on another outpouring of fake indignation and outrage

I see pipmutt (another of daytrading's alter-egos) is back after an absence of two months.....

pipmutt and HIS alter-egos... daytrading... gbppip (banned for multiple names) and slackjaw (also banned) ... has categorically stated that IF he had a successful method , he would NEVER share it with anyone and that anyone who does so is a fool.


Then there is this very generous statement from daytrading:

Quoting daytrading
I would never disclose any of my proprietary work of any of the trading models I use (at least not on a public forum ....

And

Frankly, I believe that 99% of the 'trading systems' section is worthless.
So again, I ask the simple question that has been sidestepped:

If you are not prepared to share anything AND you think everyone elses contributions are worthless....WHY are you here?????


It is because you are a troll who gets enjoyment and some form of self-worth from trashing forums......


.
  • #750
  • Nov 20, 2009 5:51pm Nov 20, 2009 5:51pm
Can someone tell me how old Mr Jacko is and how long he have been in this business ?
Measure twice, cut once
  • #751
  • Nov 20, 2009 6:10pm Nov 20, 2009 6:10pm
Quoting aediaz1
Can someone tell me how old Mr Jacko is and how long he have been in this business ?
Hi aediaz1,

My details are here:

http://www.forexfactory.com/showthread.php?t=27286

Read post # 2

.
  • #752
  • Nov 20, 2009 6:45pm Nov 20, 2009 6:45pm
Quoting daytrading
To your last point: I would never disclose any of my proprietary work of any of the trading models I use (at least not on a public forum - and its not a requirement for any member to do so). I never proclaimed differently and there are several hundred if not thousands of members with the same profile who wish to contribute and help in different ways. Frankly, I believe that 99% of the 'trading systems' section is worthless. I have though in the past taken it upon me to teach and even employ members on the back of my judgement that they had...

Excellent points!

There are many different ways to try and help novice or struggling traders, simply handing out a trading system or strategy rarely helps as much as one would expect, in a lot of respects it's actually a pretty pointless exercise posting a trading strategy unless someone is trying to improve it and needs input from other traders.

I think anyone who has been in this business a while knows that it's not strategies which make profitable traders, it's the trader themselves.

You know yourself that companies and institutions who employ traders spend a small fortune on profiling and assessing applicants and as far as I know trading strategy and style don't feature anywhere in the interviews or selection process!

Although the process is obviously not as exhaustive I think mentors also have a selection process before agreeing to mentor someone, unless it's a commercial venture in which case they'll take on anyone who pays.

There are a lot of members here who help in their own way without feeling the need to post their trading strategy, if their contributions help then great, if not then it hasn't cost anyone anything apart from time. Good ideas can sometimes come from the most insignificant posts!
  • #753
  • Nov 20, 2009 7:39pm Nov 20, 2009 7:39pm
Quoting jacko
Another US trading session and I see the trolls have used that time to focus on another outpouring of fake indignation and outrage...
You are most pathetic: first you misquote what I said, then you come up with the same old phrase about sharing that has no meaning in this thread whatsoever.

Firstly, please read and at least try to understand what you read before blabbering out a completely unrelated answer. Secondly, in the spirit of the thread, show us some real evidence of what you have claimed on your amateur web blog. This will not go away - certainly not by trying to discredit others in a way that only leaves you vulnerable to more questions about your conduct.

Stop calling people 'trolls' - it has no effect. Instead of showing everyone what a great trader you are according to your (assumed fake) proclamations on your amateurish constructed blog, you are trying to shut people up by calling them names. Man what did you mother do to you when you were little?

The only way you can make this go away is to show everyone here some real hard evidence that you actually did do the trades you said you did on your web blog - not that pathetic nonsense: '...as shown live blablabla...'.

I am afraid, that does not do the trick - when asking for 700 bucks from innocent newbies, you really should have the decency to show some real results. You are a moral freezone and I respectfully ask the moderators to take some action on the case.

Any normal business person would honour that request - but instead, you resort to insults and falling back on your so called standing here - which in my view is not worth that black under my fingernail.

Come on Jackson, prove something for once in your life or crawl back under that stone you came from.

regards
daytrading
Enter Signature
  • #754
  • Nov 20, 2009 7:42pm Nov 20, 2009 7:42pm
Quoting jtrade
.. this really has become a ridiculous confrontation between two members for whom I have the greatest respect (still ).

daytrading : I have found so much of value in so many of your posts;
Jacko : you know I'm a supporter;

... but guys, can't you see what a fruitless argument you're having ?

It's beneath both of you & not actually serving anyone.
Im not too sure its not serving anyone actually, i feel where youre coming from but there are a lot of emerging traders and/or investors that are willing to spend for expert tutelage and/or stable signals. A corroboration request is very much valid when certain claims are made.
  • #755
  • Nov 20, 2009 7:50pm Nov 20, 2009 7:50pm
Bloody amateurs!
Enter Signature
  • #756
  • Edited 9:02pm Nov 20, 2009 8:51pm | Edited 9:02pm
I see the trolls are back full of indignation and outrage (and even casting aspersions on my mother...)

Twee,

Today is a sad day in the history of this great Forum

It is a sad day for this Forum when one member pipmutt (who has categorically stated that IF he had a successful method , he would NEVER share it with anyone... and that anyone who does so is a fool),then goes further and CONGRATULATES and ENCOURAGES another member (alter-ego) for posting the folllowing
Quote
Originally Posted by daytrading http://cdn.forexfactory.com/images/buttons/viewpost.gif
I would never disclose any of my proprietary work of any of the trading models I use (at least not on a public forum ....
And
Frankly, I believe that 99% of the 'trading systems' section is worthless.
They have one purpose here....To drag this Forum down to the level of the other forum where they post...which has a membership of about 5 members in the Forex section because these trolls are just bovver boy thugs from the UK.

One of them usually posts under the name of cabletrader on the other forum. He maintains that he is a long term trader yet when asked about the tax rules for forex traders in the UK (where he resides), he was totally, totally clueless. He did NOT have ANY understanding of the tax rules in his country....It was pathetic (I have been sent a copy of all the posts on the thread by a member of my group, so if necessary I can forward it to the moderators here...or post them here). His inept answers the questions were embarrassing.

Under further questioning, he even admitted that he doesn't pay tax because he was making less than a subsistance income from forex and was therefore not liable for tax....


They have no intention of offering any constructive input. They have already proven that by their statements that they are not prepared to share anything about how they trade and the contempt that hold all the other contributors here on this forum.
Furthermore, the absolute contempt that they have for this Forum is on display in all of their comments about Forex Factory on the other website.



.
  • #757
  • Nov 20, 2009 9:01pm Nov 20, 2009 9:01pm
Quoting jacko
I see the trolls are back full of indignation and outrage (and even casting aspersions on my mother...)

They have one purpose here....To drag this Forum down to the level of the other forum where they post...which has a membership of about 5 members in the Forex section because these trolls are just bovver boy thugs from the UK.
I agree, this British Contingency is dragging down FF with their nonsense and double talk.

These guy's are acting like they are the knights in shining armor here to save all the newbies from the dark forces of Forex. At least they are showing their true colors now.
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #758
  • Nov 20, 2009 9:08pm Nov 20, 2009 9:08pm
Quoting daytrading
You are most pathetic
Firstly, please read and at least try to understand what you read before blabbering out a completely unrelated answer.
Man what did you mother do to you when you were little?
Come on Jackson, prove something for once in your life or crawl back under that stone you came from.
regards
daytrading

Feel the Hate.


.
http://images.starcraftmazter.net/4c...l_detected.png
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #759
  • Nov 20, 2009 9:12pm Nov 20, 2009 9:12pm
Quoting pipmutt
Excellent points!
.
http://www.thehumorsource.com/system/items/33839.jpg
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #760
  • Nov 20, 2009 10:29pm Nov 20, 2009 10:29pm
Quoting jacko

Under further questioning, he even admitted that he doesn't pay tax because he was making less than a subsistance income from forex and was therefore not liable for tax....

Hi Jacko, even though your comments are totally off topic for the thread your misinterpretation of 'subsistence income' is actually quite funny, maybe this will help as it's something I had an accountant look into a while ago.

Tax laws in the UK can be extremely complex but what you're referring to is 'subsistence income' in the context of taxable income and tax liability. Here are a couple of relevant excerpts from a website article discussing the tax efficiency of spread betting, they're pretty much self-explanatory but feel free to ask if there's anything you're unclear about.......



".....If you have a 'subsistence income' (i.e. enough to live off) from an independent source that you pay tax on, then HMRC can't tax you on your spreadbetting activities. It's only if you have no other source of income and you use it for your primary income source that the tax advantages may disappear....."

"....The vast majority who spreadbet, I would opine, do not do it for a living, and therefore they are completely safe from taxation. Those who do it for a living have enough cash to hire clever accountants who sort it all out for them. Nothing to stop a millionaire trader having a self-employed 'subsistence income' from a bit of consultancy work that he pays tax on. The revenue can challenge it, but due to the nature of current legislation, they're unlikely to win. Thing I discovered after starting work in the Financial Services industry is that tax law is much more open to interpretation than I ever imagined beforehand!...."




The rest of your post has either been replied to in previous posts or is unnecessarily antagonistic and is obviously intended to cause an argument so it's probably best if it's just ignored.

How about keeping it on topic and replying to the points daytrading made in his posts?
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