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Well, I find the thread interesting.
(After 10:am and not FE so .... rambling...)
I look at the board, futures.io (formerly BMT), as a microcosm view of traders thoughts.
What are they thinking?
What is interesting to them?
One thing I have noticed is that their are very few 'students' posting in this thread. They are not coming forward and saying "Hey! I don't want to be the teacher - but I do want to learn!, C'mon teachers let's go!"
Also there are not a lot of existing 'teachers' (those who have already been posting their threads) saying,
"This is great!!
I'll start a new fresh well organized thread focus and dedicated to delivering a specific measurable set of learning within the month of June. That is the challenge, no more rambling but cut to what do they need? and how can I deliver it in a clear focused manner that produces results for the students?"
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One side thought was that if I wanted to teach, I would want the students to commit. In the real world you go for an evening course at a university - "Investing for the Profitable Day Trader.-101" Yes, that will be $212.50 plus tax. Will that be cash or Visa? (Somehow people tend to pay attention when their wallet is involved.)
So here the equivalent would be students posting:
"if .(you current threadite teacher)... post a course.. I will commit to being an active participant!"
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Ok, all the above was rambling... but are all the students?
... silent lurkers...?
..........
peace, love and joy to you
.........
Can you help answer these questions from other members on NexusFi?
And no, the forum is not full of eager student. It is full of people that just want someone to tell them what to do and how to do it, so they can sit back to counting the money.
There is a gold rush recently. There were plenty of people tell the public to buy metals after the tech bubble. If you have bought old in 2001 when it was $300/oz, you would have made 5 folds your investment in 10 years. If you have bought silver, you would have made like 10 fold. But most people just don't listen or do any due diligence. Due diligence means work, and no one want to works.
This is bring back my point #1, people don't want to learn. They just want someone to tell them what to do and how to do it. In other words, they expect a free lunch.
Why would you expect someone to take you under his wings, spend time and money, and expect no return? Sure, he want you to success, because he has invests time and money on you, but his goal is wanting you to make money for him. Simple as that.
This is the same reason why you employee pay you X because he expect you make him X+Y. You probably he is not hiring me out of charity. He is hiring me because I can make him money. You are god damn right about it.
Nowadays, you have a better chance than ever because demo are freely available. You can demo for years before you put any real money on the line. Unfortunately, people who just read a book or two, watch a few videos and think they "got it" and put real money on the line. They have read some traders who turn 5k or 500 into 8 or 9 figures, and they believe they can do that as well.
Replying to you post gave me a deja vu. You sound like my best friend, who is unemployed, sitting at home and not doing anything all day. He quit his government job 2 years ago without a backup plan, so that mean not bring any money home. Just waiting for lady lucky to come to him. I advice him stop sitting at home and start doing something. Go around the neighborhood and ask if anyone want to do lawn care or something. Maybe in a few short years, you can retire your wife with this service you started today.
His response? He said if it is so easy why does not everyone do it.
To him, it is better to sit at home instead of trying any alternative. Because if the alternative works, then everyone would be doing it and profit will just vaporize
I'm BroncoSlade and this is my first posting on BigMike's Trading Forum. I'm looking forward to meeting
many of you online and have an open exchange of how we can improve our trading as a group. I live in
Atlanta, GA.
Send me a private message with the URL please and I'll edit your post and put it in there. Non-Elite members cannot post URL's until your post count is greater than 5, to prevent spam.
to teach a trading strategy that I was developing from my journal. I like the contest format because it instills discipline and commitment that I need in my trading. I would like to enter the contest not because of a chance of winning (most likely won't happen) but because someone including myself might learn something.
I was going to teach this strategy to trade a stock index ETF and create the thread in the Traders Hideout, Stock and ETF Trading.
Trouble is I would be teaching something I developed but haven't traded yet. So it would start as a work-in-process and by the end of June, I and any viewers would learn something.
I attached an image of what I would teach. I would choose one of the charts.
I'm pretty new here so this requirement confuses me. Although I am an Elite member, is it not the case that the thread would get the greatest visibility and questions if it was placed in the Traders Hideout rather than one of the Elite-only sections?
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If it is to be, it is up to me.
All I Know About Trading Options I Learned in Flight School
A lot of Elite Members only want to share inside of the non-public section of the forum. So they have the option to do so here, and since most active participants on the forum are Elite, I don't think it would diminish your chances of winning the contest to do so. But the choice is yours.