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If you are new to trading, before you go out and buy into to someone that claims to have the holy grail take a day and read thru this blog. If it sounds to good to be true, well it just might be. Why put your money on the line following someone when all you really need is to find your own way....there is a lot of crap out...
CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE ANACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL, OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE DISCUSSED WITHIN THIS SITE, SUPPORT AND TEXTS. OUR COURSE(S), PRODUCTS AND SERVICES SHOULD BE USED AS LEARNING AIDS ONLY AND SHOULD NOT BE USED TO INVEST REAL MONEY. IF YOU DECIDE TO INVEST REAL MONEY, ALL TRADING DECISIONS SHOULD BE YOUR OWN.
2 comments:
I just read a post by Clint in Woodies Forum in which he goes on to say that try as he might he cannot successfully trade the basic CCI. He explains his reasons, wishes everyone well and signs off.
http://woodiescciclub.com/forum/viewtopic.php?t=5646
In response to this a reply is posted by 'Ed', quoting the stats from January and how everything looks great and that Clint himself shouldn't quit.
Anyone that knows Clint will appreciate that he is an honest, hardworking, dilligent and intelligent person. He will not have left any stone unturned in his personal pursuit of trading success.
The reason I post this is simple, I saw the title of the main post and never has it been more true.
"Always believe in yourself" and to further that if I may, "the only stats that mean anything are your own!".
Forget how everyone else is doing, about what they boast etc etc, do the work, prove or disprove the theory and then make the decision.
If only everyone were as dilligent as Clint then half of this blog about Woodies wouldn't exist.
Well if it’s any encouragement to Clint, he is not alone in his observations. There are many who have also come to the same conclusions. It doesn’t take a rocket scientist to read between the lines. The posting on Woodies main page is hype. Not one person can provide a P/L to show that Woodies system actually works.
The mantra of “One indicator, one time frame, nothing else”, is pure hype, designed to suck the unknowing into a money making shell game. I’m surprised that people of character have not stepped forward and called a spade a spade. The man Woodie has little if any integrity. The average life span of newbie in Woodies room is about 24 months to see the con-game or till their account is blown out. All very sad. Friend of the late Dr. Famir
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