Intro : "
"I also think that what makes a good trader is not how much you lose or win, but how consistently resilient you can be."
Said by Allisonmagic after broke again his account last night, on http://www.forexfactory.com/showthread.php?t=599048
I will start by saying to new traders and not only, that a red badged user doesn't mean absolutely he is a PRO trader and what he say is valuable .
A red badged user is promoted only because his amount of subscribers not because what he wrote over time is considered by community valuable. I bet there are profitable traders in this community that don't have even a yellow badge but they make money which a lot of red badged users don't.
Let's take the example of me. I was yellow, orange and red badged user. If somebody will search through my posts, will never find a thread like " I will show you my strategy" or encouraging posts . I'm not doing such jokes .Majority of my posts are trading signals and once they were triggered I have posted live update about trade management. I am sure that's the only reason people subscribed to me. And if majority of my signals would be bad, then I shouldn't have those subscribers. I think it is logic.
I have "met" some red badged users who deserve their subscribers (red badge) and orange badged users who , in my opinion, deserve more subscribers (red badge). Some of them are my subscribers and I have studied their posts and I am proud to be in a network with them.
But what I have "met" too are a lot of red badged users who doesn't deserve their badges. I think Forex Factory system to promote users is wrong . New users tend to follow a red badge user because they read "High impact Member" and they automatically think what they are writing is important. No ! This is wrong . The easiest way to aquire a red badge is to start a bullshit thread like "Magic Juju system 3x3 4x4" or "Lord Van Dame vs Bruce Lee combo knockout system" and write some posts wich will create the impression the system is profitable. Amateurs who think trading is simple like a cross of moving averages will be attracted like flies on honey and will start to subscribe to the creator of the thread.
I have "met" red badged users who are totally strange about how to estabilish a trend, but they are above taking advices. When I was trying to help such red badge user , he become hironical with me and took a rude attitude toward me. In fact what I did to him ? I was trying to help him. Another red badged user started to quote my posts and ridiculize me because I have said that after a covering action if the price turn against my entry I should lose 0% . He is so dumb and doesn't know what a covering action mean in investing, but he is a red badge user, right ? He know what he talk.
Finally, the last "adventure" with a red badge user is recently. One month ago I've read allisonmagic shouts and I was admiring him for his "fight spirit" to not give up. I told him that . I tried to give him some hints from my experience but he did not answered me. One month later he finally answered. After 2-3 days of some respectful messages , time in which his account growed with app 30% , 48 hours ago I've seen his account starting decrease. I did not told him anything regarding this , I mean , judging from his opened positions it was clearly for me he will lose even more. I prefered to be silenced and do not intervene directly (e.g stop and take a breathe, you will lose your account) because I know that in such situations a trader need silence and cannot be disturbed. Instead of intervening directly, I tried to talk with him about how to increase his win rate. I was very surprised how he reacted . LoL. Was unbelievable for me how a gentle man with wich I have talked very polite last days can transmute in toxic flamer. And why ? Again, because I was trying to help him.
So, I would like to send a message to all these who have a feeling to help others : think two times before you do that. Don't spend your kind intentions on pigs.
"I also think that what makes a good trader is not how much you lose or win, but how consistently resilient you can be."
Said by Allisonmagic after broke again his account last night, on http://www.forexfactory.com/showthread.php?t=599048
I will start by saying to new traders and not only, that a red badged user doesn't mean absolutely he is a PRO trader and what he say is valuable .
A red badged user is promoted only because his amount of subscribers not because what he wrote over time is considered by community valuable. I bet there are profitable traders in this community that don't have even a yellow badge but they make money which a lot of red badged users don't.
Let's take the example of me. I was yellow, orange and red badged user. If somebody will search through my posts, will never find a thread like " I will show you my strategy" or encouraging posts . I'm not doing such jokes .Majority of my posts are trading signals and once they were triggered I have posted live update about trade management. I am sure that's the only reason people subscribed to me. And if majority of my signals would be bad, then I shouldn't have those subscribers. I think it is logic.
I have "met" some red badged users who deserve their subscribers (red badge) and orange badged users who , in my opinion, deserve more subscribers (red badge). Some of them are my subscribers and I have studied their posts and I am proud to be in a network with them.
But what I have "met" too are a lot of red badged users who doesn't deserve their badges. I think Forex Factory system to promote users is wrong . New users tend to follow a red badge user because they read "High impact Member" and they automatically think what they are writing is important. No ! This is wrong . The easiest way to aquire a red badge is to start a bullshit thread like "Magic Juju system 3x3 4x4" or "Lord Van Dame vs Bruce Lee combo knockout system" and write some posts wich will create the impression the system is profitable. Amateurs who think trading is simple like a cross of moving averages will be attracted like flies on honey and will start to subscribe to the creator of the thread.
I have "met" red badged users who are totally strange about how to estabilish a trend, but they are above taking advices. When I was trying to help such red badge user , he become hironical with me and took a rude attitude toward me. In fact what I did to him ? I was trying to help him. Another red badged user started to quote my posts and ridiculize me because I have said that after a covering action if the price turn against my entry I should lose 0% . He is so dumb and doesn't know what a covering action mean in investing, but he is a red badge user, right ? He know what he talk.
Finally, the last "adventure" with a red badge user is recently. One month ago I've read allisonmagic shouts and I was admiring him for his "fight spirit" to not give up. I told him that . I tried to give him some hints from my experience but he did not answered me. One month later he finally answered. After 2-3 days of some respectful messages , time in which his account growed with app 30% , 48 hours ago I've seen his account starting decrease. I did not told him anything regarding this , I mean , judging from his opened positions it was clearly for me he will lose even more. I prefered to be silenced and do not intervene directly (e.g stop and take a breathe, you will lose your account) because I know that in such situations a trader need silence and cannot be disturbed. Instead of intervening directly, I tried to talk with him about how to increase his win rate. I was very surprised how he reacted . LoL. Was unbelievable for me how a gentle man with wich I have talked very polite last days can transmute in toxic flamer. And why ? Again, because I was trying to help him.
So, I would like to send a message to all these who have a feeling to help others : think two times before you do that. Don't spend your kind intentions on pigs.
Money moves the market, not an indicator.
. 
That's what I was trying to do .
. your starting to ask the questions .gl
