Wednesday, September 07, 2005

90 percent....90 percent of the people WHY



During a Trading Markets workshop in Las Vegas in 1999, Lewis Borsellino was speaking to a room full of people who wanted to learn how to trade, about 150 people if I remember right, and when we gave the odds of people actually being successful, by saying that 90% fail.....and out of the 10% that 90% of them would make enough money to keep in the game.....and that meant about 1% of every one there would make a ton of money.....1%.....just 1%.

Then with those facts, why didn't anyone get up, go to Walmart and apply for a job. That why the most interesting question of the entire workshop and even the entire weekend.

So how are you doing at trading?
Are you the one in a 100?
Or are you just in the pack?

I hear tell of any auto trading system now being promoted.....watch out for that one, just think of it this way. IF there was an auto system that was good....would you give it away....would you allow others to use it and have the win/loss ratio messed with....I THINK NOT.

I personally use auto systems and have from time to time posted them.....but it ain't for sale and how it works is even off limits.....that is why some have spent a lot of their time trying to get into our network......come to any workshop in order to watch and see if they can pick up on something. Ask questions between sessions and so on.

There isn't an auto system out there that can adjust to the current market conditions by using just an indicator or a group of indicators. If there is, I would be more then glad to help trade it...and with size. In fact, I would be even more then glad to trade against an auto system live for a couple of days......Me against a computer.........any takers??????

I mean when one of the anonymouses posted I COULDN'T trade...I wanted to meet them in Vegas and trade for charity. And like the dogs they are, no one came. So maybe I can trade against a computer, since a computer isn't full of BSski.

11 comments:

Anonymous said...

For the love of lemon verbena
Editor's Note: Here is a taste of our All You Can Eat blog. If you're hungry for more, visit http://extras.insidebayarea.com/blogs/allyoucaneat. The other day I had some family over for a simple barbecue.
Very cool idea for a blog! Wish I write the same way as you do.

IPO alternatives is something I want to write about, can you help me writing about IPO alternatives.

More power and keep on blogging!

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RG2JH said...

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Anonymous said...

lol, eblogger has to get rid of these people. this is too funny. i come here to talk smack about you and i can't stop laughing at these guys. lol! i'll come back later when i'm back in the mood to trash you...

lol, hahaha, lol i can't stop laughing!

Anonymous said...

am i sad to see that woodie really has turned into a 'guru' that doesn't trade, doesn't help people in their best interest and is taking kickbacks.

why is he so focused on that?

why doesn't he teach people?

why doesn't he give any benefits of the kickbacks to the moderators?

why?

what happened to woodie. this is depressing. he used to be a good person.

Anonymous said...
This comment has been removed by a blog administrator.
Anonymous said...

you can post that sidewinder code at the sierra chart messageboard. kiwi and other sc programmers hang out there.

http://www.sierrachart.com/discus/messages/2/2.html?1125024439

Anonymous said...
This comment has been removed by a blog administrator.
Anonymous said...

DO NOT CLICK ON ANY URLS IN THE FEEDBACK FORUM. VIRUS AND TROJAN ALERT. Some jerk thinks it is funny to send viruses.