Entropy
Jun 18, 2011 at 17:18
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11 Replies
forex_trader_35080
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17 ieraksti
Jun 18, 2011 at 17:18
(labots Jun 18, 2011 at 17:21)
Dear all,
The first day I visited this site, I said to myself: God damn it, a serious place for proffesional traders to show their skills! No room for pretenders!
A few months later, many of you may be as tired as me of those threads saying: 'Hey! I can double your money!', or 'Gimme 2k and I'll get 30% for u' :)
It is up to us to maintain a high standard of quality and respect to this business. As a proffesional trader, I encourage all of you guys to isolate those people and give advice to those novel investors that may be trapped in a never ending spiral of loses just because a newcomer pretending to be the discoverer of capital creation says: Yes, I can!
Just 3 tips:
1. Never, EVER, trust anybody who promises even a 1% profit a year. Trading is nothing but probability! You can do it well or do it bad, but a serious trader NEVER promise a penny! THIS IS NOT FIXED-INCOME!!! It's just the OPPOSITE!
2. Never give money DIRECTLY to a money manager! Open an account in a regulated bank or broker, then provide an appropriate frame (e.g. Power Of Attorney) that allows the manager to send orders to market in your name. NOTHING ELSE!
3. Know your manager!
Of course there are lots of things more, but if you take care of these 3 tips, you've certainly reached a point in which you'll be safer and, the most important thing: You'll be able to sleep like a baby.
Have a nice weekend fellows!
Grus Capital Management
The first day I visited this site, I said to myself: God damn it, a serious place for proffesional traders to show their skills! No room for pretenders!
A few months later, many of you may be as tired as me of those threads saying: 'Hey! I can double your money!', or 'Gimme 2k and I'll get 30% for u' :)
It is up to us to maintain a high standard of quality and respect to this business. As a proffesional trader, I encourage all of you guys to isolate those people and give advice to those novel investors that may be trapped in a never ending spiral of loses just because a newcomer pretending to be the discoverer of capital creation says: Yes, I can!
Just 3 tips:
1. Never, EVER, trust anybody who promises even a 1% profit a year. Trading is nothing but probability! You can do it well or do it bad, but a serious trader NEVER promise a penny! THIS IS NOT FIXED-INCOME!!! It's just the OPPOSITE!
2. Never give money DIRECTLY to a money manager! Open an account in a regulated bank or broker, then provide an appropriate frame (e.g. Power Of Attorney) that allows the manager to send orders to market in your name. NOTHING ELSE!
3. Know your manager!
Of course there are lots of things more, but if you take care of these 3 tips, you've certainly reached a point in which you'll be safer and, the most important thing: You'll be able to sleep like a baby.
Have a nice weekend fellows!
Grus Capital Management
Biedrs kopš
2299 ieraksti
Jun 18, 2011 at 19:17
I like what you write. Systems/ strategie space turned into clownada.
Fresh faces pop up every day and it looks like very few survive a week.
Fresh faces pop up every day and it looks like very few survive a week.
Biedrs kopš
2299 ieraksti
Jun 18, 2011 at 19:19
I also like the name of the thread. It looks like you are familiar with second law of thermodinamics 😉
Unfortunatelly those guys at systems/ strategies are unaware of this law which works in trading as well as in real life.
Unfortunatelly those guys at systems/ strategies are unaware of this law which works in trading as well as in real life.
forex_trader_35080
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17 ieraksti
Jun 21, 2011 at 10:15
(labots Jun 21, 2011 at 10:26)
Dear Chikot,
You are right, I am familiar with thermodynamics laws. In fact, I believe Thermodynamics and markets have much in common, not to mention chaos theory.
These are just side effects of an engineer's mind ;-)
I still believe too much noise is arriving to this site.
You are right, I am familiar with thermodynamics laws. In fact, I believe Thermodynamics and markets have much in common, not to mention chaos theory.
These are just side effects of an engineer's mind ;-)
I still believe too much noise is arriving to this site.
Biedrs kopš
2299 ieraksti
Jun 21, 2011 at 17:06
Warms, energy and money have to go somewhere 😉
GrusCapital posted:
Dear Chikot,
You are right, I am familiar with thermodynamics laws. In fact, I believe Thermodynamics and markets have much in common, not to mention chaos theory.
These are just side effects of an engineer's mind ;-)
I still believe too much noise is arriving to this site.
forex_trader_43716
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345 ieraksti
Aug 08, 2011 at 23:52
It's the same everywhere you go. Makes me laugh loud especially when I read statements like 'holy grail', 'never before revealed secrets', '100% per month guaranteed', and 'strictly limited offer and then this opportunity is gone forever.' This is both amusing and irritating to us, but can be financially devastating to the newcomer. We need to weed out these parasites!
forex_trader_43716
Biedrs kopš
345 ieraksti
Aug 09, 2011 at 06:49
It would make for a 'very' interesting forex forum...
Biedrs kopš
71 ieraksti
Aug 11, 2011 at 17:13
Good talk, however, if someone actually lived in my country and had his legal entity there, I'd be fine with them promising a certain return when it is in a contract hehe....
Riding waves always leads to a fall
forex_trader_27988
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1367 ieraksti
Aug 12, 2011 at 06:10
sharpforex posted:
It's the same everywhere you go. Makes me laugh loud especially when I read statements like 'holy grail', 'never before revealed secrets', '100% per month guaranteed', and 'strictly limited offer and then this opportunity is gone forever.' This is both amusing and irritating to us, but can be financially devastating to the newcomer. We need to weed out these parasites!
is that your account that had a 72% drawdown?
with a one month track record?
and a $500.00 deposit?
and you have been a technical analyst for how long? since 1978?
yeah, you go go girlfriend, you weed out those nasty parasites, and plz let me know when you are finished.
z/.
forex_trader_43716
Biedrs kopš
345 ieraksti
Aug 12, 2011 at 06:30
zzzero posted:
is that your account that had a 72% drawdown?
with a one month track record?
and a $500.00 deposit?
and you have been a technical analyst for how long? since 1978?
yeah, you go go girlfriend, you weed out those nasty parasites, and plz let me know when you are finished.
z/.
You got me. I am exposed. How did I ever manage to quadruple my account in less than a month? Can you show me the error of my ways?
forex_trader_27988
Biedrs kopš
1367 ieraksti
Aug 12, 2011 at 07:01
(labots Aug 12, 2011 at 07:08)
sharpforex posted:
You got me. I am exposed. How did I ever manage to quadruple my account in less than a month? Can you show me the error of my ways?
oh, i see, you quadrupled your account in a month.
i stand corrected.
srsly, lets see your track record since 1978.
z/.
forex_trader_22707
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46 ieraksti
Sep 26, 2011 at 17:37
For me the problem is people focus too mutch about the money. It would be more engaging if people posted their ideas about forex. How they approach it. maybe some maths that would describe forex, original ideas, there are two school of thoughs from what i know. Fundamentals and Technicals. behind every indicator there is an idea and assumptions. People here only care about the money.
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