Perhaps I was a bit misleading.
...
The 10/21 method is up 2x versus buy and hold.
Our forecasting method from the newsletter is up much more...
And I think you still are being misleading. I'm not here to sell anything. I'm here to try to convince people to think for themselves. You on the other hand, seem to be promoting a newsletter.
Our forecasting method from the newsletter is up much more...
Prove it. Show me audited results from a known accounting firm. The fact that you post this sentence in a vague and mysterious aura begs the question: do you even know how well or poorly you are doing? A trader knows exactly where he stands at any given time. "Our newsletter is up X% over the past X months with a success ratio of X%". Please don't bother answering this question - it really doesn't matter. This thread is about empowering people to make wise trading decisions and not paying others to do it for them.
Now, this is written to the general public reading this thread:
Even if you find a newsletter with superior results to any other alternative, it still begs the question - which of these is more valuable?
- Subscribing to a newsletter and making some money?
- Or learning the discipline necessary to succeed in difficult endeavors?
I am not trying to make you rich, I'm trying to help you understand that trading is very difficult and to truly succeed you must assume
responsibility for your own results. The problem with newsletters is this:
- When I make money from my newsletter subscription - "I'm a genius, I made a great trade"
- When I lose money from my newsletter subscription - "You messed up, why did you make me do this trade?"
It's a perpetual denial of
responsibility. When you're right, "go me", when you're wrong "boo on you". It's silly, irresponsible, and ultimately results in poor performance in life or finances. Trading is about taking
responsibility for your actions and owning up to your decisions.
This is exactly what I said 17 months ago:
I will say one more thing about this. I absolutely agree with your conclusion. I stand by the advice I gave one month ago. Nowhere in this advice do I suggest anything but owning up to your financial decisions.
If you have been blindly following the system without going through the below steps, shame on you, you missed the whole point of this thread and you are robbing yourself of a chance at successful trading. Furthermore, you never learned the most important lessons of trading - consistency, confidence, discipline. Why are you trusting some random person on the internet with your finances? If you really cared about consistent profit and winning in the financial markets, you would put in the work necessary to trust your edge. Stop outsourcing your decision making and take responsibility for the money that you worked hard to earn.
I reiterate; what is more important: making a few hundred dollars trading a system you learned on the internet or developing the discipline to be a wise steward of whatever money is entrusted to you?