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why do people share profitable systems?

  • #41
  • Jun 12, 2012 2:15am Jun 12, 2012 2:15am
Retail traders and retail traders "systems" are too insignificant in this market. retail traders do not move the price or give price direction.
a system is just half the work at best.. the man behind the screen is the other main half..
.. like the other guys football anology.. you can steel the playbook and maybe find somewhat success but you will not know about the audibles and th necessary creativity at times where its the game breaker, the difference between losing and wining.. ability to adapt and adjust to certain conditions to make the better call.. where each Trader should posses the skill.

so share all you want, your doing a great job by just showing a path to a successful road to come when only ones self effort will determine that.
  • #42
  • Jun 12, 2012 2:16am Jun 12, 2012 2:16am
Quoting ToeCutter
I think your premise is somewhat incorrect anyway.

Say, for instance, my system was "BUY EUR every single time EURUSD was priced at an even cent in rate".

So I share this system to everybody in the world, and somehow manage to convince ten million traders that it's the greatest system ever convoluted, and traders begin to buy the EURUSD pair at 1.23, 1.24, 1.25 etc.

Now do you think that this would invalidate it, or enhance it? Would you buy at a price point you knew ten million traders were going to buy?

Of course, my example would be...

I'm going to disagree with you here. Individual traders do not move markets, institutions move markets. you would be silly to follow somebodies trading strategy, unless they knew where the institutions big buy/sell orders are. If only there were some way to find that out.....
  • #43
  • Jun 12, 2012 2:37am Jun 12, 2012 2:37am
Quoting Coolleen
trading is not a sport like golf and football .There is no comparison.
Trading is a performance activity...... just like golf and football.
  • #44
  • Jun 12, 2012 2:42am Jun 12, 2012 2:42am
Quoting Coolleen
.And trading is not a sport like golf and football .There is no comparison.
.
lol I take it you've never played golf then?
Time hides Nothing
  • #45
  • Edited 3:47am Jun 12, 2012 3:06am | Edited 3:47am
Quote
Now let me play devils advocate. What if I showed everyone a system and then secretly traded the opposite of it. Are you saying that will help me?
i don't know,may be yes.
suppose you share your real trading method + knowledge that you gain from experiance ,20-30% traders start following. part of other remaining traders don't follow your system but endup making identical decisions.Now majority starts doing what you and few other other traders used to do alone without those 20-30% followers.understand Not everyone can be a winner at the same.when you happen to be in the majority your chances of success start to drop.your winning trade ratio drop from 90% to 50% or less.

then you hear yourself and others saying O trading is not easy...risk to reward ratio should be greater...take partial profits ...always use a stop loss...and market is completely "random" ...
  • #46
  • Jun 12, 2012 3:55am Jun 12, 2012 3:55am
Quoting Coolleen
And trading is not a sport like golf and football .There is no comparison.
Inserted Video
  • #47
  • Jun 12, 2012 4:02am Jun 12, 2012 4:02am
I have a set of rules i trade with and on a good month this system generates over 40 clear trading opportunities, but guess what, i only make 3 sure trades in a month
The only way not to think about money is to have a great deal of it
  • #48
  • Jun 12, 2012 4:21am Jun 12, 2012 4:21am
Quoting Coolleen
i don't know,may be yes.
suppose you share your real trading method + knowledge that you gain from experiance ,20-30% traders start following. part of other remaining traders don't follow your system but endup making identical decisions.Now majority starts doing what you and few other other traders used to do alone without those 20-30% followers.understand Not everyone can be a winner at the same.when you happen to be in the majority your chances of success start to drop.your winning trade ratio drop from 90% to 50% or less.

then you hear yourself...
Trading forex is very difficult for a retail trader that does not have much experience. I believe this is why you read so many comments and threads about the reasons why traders fail. Stuff like brokers hunting stops and trading in groups decreasing your chance of success. Those are not the reasons why a currency's value changes in relation to other currencies. Those are not the reasons why inexperienced traders fail.
  • #49
  • Jun 12, 2012 4:35am Jun 12, 2012 4:35am
Quoting 2+2=4ex
http://www.youtube.com/watch?v=VDbyE7Gqfz8
LOL.... nice clip !!
  • #50
  • Jun 12, 2012 4:39am Jun 12, 2012 4:39am
Quoting Fudomyo
I disagree that profitable systems are shared. Most of everything that appears on the internet has nothing to do with a profitable system.

There's the illusion of profitable systems being shared. Like the Sam Seiden stuff, VSA, Market Profile. All of these are not profitable systems. They are glorified dart throwing. Dart throwing always comes with the disclaimer of psychology attached.

A profitable system involves a completely different metric than slapping an indicator on a chart or supply demand levels or virgin points of control....
Excellent post.
  • #51
  • Jun 12, 2012 5:02am Jun 12, 2012 5:02am
Quoting Fudomyo
I disagree that profitable systems are shared. Most of everything that appears on the internet has nothing to do with a profitable system.

There's the illusion of profitable systems being shared. Like the Sam Seiden stuff, VSA, Market Profile. All of these are not profitable systems. They are glorified dart throwing. Dart throwing always comes with the disclaimer of psychology attached.

A profitable system involves a completely different metric than slapping an indicator on a chart or supply demand levels or virgin points of control....

Maybe you just don't understand the systems OH MIGHTY ONE.
Like you say at the end of your post(where you give up your core argument for a real logical one) there are people that make a living on every system, if one can handle the psychology and realize that it takes a lot of experience and understanding of the systems/ market then they have an "edge".
You would have to be certifiably retarded to think that you can take a course and then suddenly be a pro, at anything. Sort of like college eh?
  • #52
  • Jun 12, 2012 5:56am Jun 12, 2012 5:56am
Quoting CindyXXXX
lol I take it you've never played golf then?
o.k you win.All golf champions are automatically very good traders .
  • #53
  • Jun 12, 2012 6:08am Jun 12, 2012 6:08am
Quoting Coolleen
o.k you win.All golf champions are automatically very good traders .
Now you're kinda twisting things hey...

All I meant was that in the quest of mastering and performing golf one undertakes similar psychological strains of a trader learning his/her art.

The reason is that golf is largely a mental game where the physical exertion is limited and thus requires a more concentrated action than most sports which are more a reflex or adrenaline charged action.

Anyway unless you've played golf for a very long time I doubt you could see what I'm getting at.

Where the golfers @? Can I get an Amen?
Time hides Nothing
  • #54
  • Jun 12, 2012 6:38am Jun 12, 2012 6:38am
I would say that there are similarities, but cmon.... its obvious that people are trying to make up reasons why they should be good at something based on their previous experience. How I would put it is if you are good at handling stress and are disciplined you might be good at golf & forex, and a lot of other things as well...however its not one thing like disciplin that is the only thing. Sorry again for writing the obvious...:-)
  • #55
  • Jun 12, 2012 6:57am Jun 12, 2012 6:57am
Quoting Krists
I would say that there are similarities,
So we agree then ... Great...

I guess you could say trading is like... fking anything really.. Choose your poison.
Time hides Nothing
  • #56
  • Jun 12, 2012 7:56am Jun 12, 2012 7:56am
can anyone share a profitable system with me? PM if you're shy
  • #57
  • Jun 12, 2012 8:25am Jun 12, 2012 8:25am
Quoting joancb
can anyone share a profitable system with me? PM if you're shy
Buy low, sell high. This is the system I use, and I'm giving it to you for free
"Don't Panic..."
  • #58
  • Jun 12, 2012 9:43am Jun 12, 2012 9:43am
Quoting 2+2=4ex

As you can see by my signature, I am a "sharer" . Therefore, I'm an advocate of sharing. Perhaps my willingness to share comes from having had others teach me a few things. Or maybe it comes from a mentality of we're all small fish in a very big pond. Maybe it's both or something else altogether.
My vote goes to "something else altogether". Your signature takes people to your website, where you have placed Google ads in hope that driving traffic to your site will gain you ad clicks and thus monetary earnings. You are not simply sharing from the goodness of your heart, you are trying to earn money, and your signature is simply an attempt to do so. You have just proven that even you, who claims to be into sharing, are in actual fact just out to get what you can for yourself, like the vast majority of other people who "share" their systems online and teach their "amazingly profitable systems".

Back to the thread - A huge majority of the systems which are shared on Forex forums are not profitable. Some ceom from people who have come up with an idea that they haven't properly tested and wish others to help them test it. Some come from some who haven't tested their idea for a long enough time period to see if it is effective longer term and their excitement drives them to share. Most of these ideas fizzle out once proper testing begins. Some share to try to build a following and eventually charge to teach their idea to the masses. These ideas do not work, otherwise there would be no need to sell anything to anyone. And some rare few share genuinely working ideas because they just want to help. These people post their methods, try to explain them and soon the thread just stops because all the newbies realise the idea requires effort, work, time and learning of skills and the idea of that when compared to carrying on seeking a holy grail EA is just ridiculous. And so they lose interest and the little golden nugget of an idea that actually makes money is lost. And this is a good thing in a way. The trader who has cracked it feels lile he/she has tried to help and genuinely shared something, but in the end the idea remains relatively unused and remains quite effective for the longer term.
  • #59
  • Edited 10:38am Jun 12, 2012 10:05am | Edited 10:38am
Quoting Roofx
My vote goes to "something else altogether". Your signature takes people to your website, where you have placed Google ads in hope that driving traffic to your site will gain you ad clicks and thus monetary earnings. You are not simply sharing from the goodness of your heart, you are trying to earn money, and your signature is simply an attempt to do so. You have just proven that even you, who claims to be into sharing, are in actual fact just out to get what you can for yourself, like the vast majority of other people who "share" their systems...
It occured to me when I was typing my post, of which you quoted, that someone may think that I'm only looking to generate revenue by my site ads. Don't make the mistake of assuming you know what I'm about. It wasn't until recently that the ads were placed on there and only to help cover costs. Ultimately, I've spent more on the site then have received, in terms of money. I have a young college student help me design the site and make the big changes to it of which I pay them for it. There are also costs associated with domain registration and upkeep. I don't know how familiar you are with Google Ads, but if you are you would know they don't generate much income unless you have a major site with lots of traffic. Furthermore, I have helped plenty of people through email (via contact on my site) and direct messaging on here. I haven't charged any of them and my email/messages don't have google ads.

Please get your facts straight before making assumptions.
  • #60
  • Jun 12, 2012 11:01am Jun 12, 2012 11:01am
Quoting 2+2=4ex
It occured to me when I was typing my post, of which you quoted, that someone may think that I'm only looking to generate revenue by my site ads. Don't make the mistake of assuming you know what I'm about. It wasn't until recently that the ads were placed on there and only to help cover costs. Ultimately, I've spent more on the site then have received, in terms of money. I have a young college student help me design the site and make the big changes to it of which I pay them for it. There are also costs associated with domain registration and upkeep....
When there are no facts available all we can do is make assumptions based on lots of previous experience. I am very familiar with Google ads and I use them myself for part of another small business I run which has nothing to do with Forex. The only fact available was that you have a link in every post you make which is there to attract visitors to your website. And you have a revenue generating system on that website. You would not bother setting up Google ads on that site if you did not want people to click the ads. I don't believe you about only wanting to cover site costs but it does not matter what I believe. But another 'fact' is that you are promoting your site (which does generate revenue, no matter how large or small) on forex factory. When someone says they want to "share" something with me but also says "by the way, if you feel like throwing a few pennies into this bucket of mine while you're picking up the material I am sharing with you" I don't feel like they are doing this sharing out of the goodness of their heart. But anyway, it means nothing and hopefully someone will benefit from the little bits of basic ideas you have there and hopefully enough people will click your ads to cover the running costs.
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