Monday, July 18, 2005
Well, what a weekend we had
The picture above is of me an Nikki Chapman or pop idol fame - she's a big time record producer here in the UK and i was booked to do some disco work for a BBC programme called 'Holidays from home' to be screened in the UK in September. We were filming in the Black Bull Pub in Mansfield.
Nikki was sweet as anything - ive worked with a few celebs in the past and to be honest theyve always been assholes and ego maniacs - Nikki immediately came over to me with a beaming smile and outstretched hand - what a pro!
Anyway, i was filmed a time or two during the day so maybe ill be on the telly - again!!
Ill post a few more piccy's later.
Onto trading then and answering in particular a specific question asked by Running Turtle in the comments.
First the trading.
This morning has had a great start for Hilda - the first trade of the day was long @1.7537 and closed at 1.7548 for 11 pips - then a prime hilda short from 1.7552 which i closed at 1.7482 for 70 pips - so 81 on the day and happy as larry so for (who's larry by the way).
Now - the question from RT
Basically his comment was one i get a lot of - and i might as well answer it here and just refer people to it in the future.
His question was this " Why bother selling system if it so good ? I would not sell it to anyone... You know it is such a big effort: make a website, blog to as marketing tool, presentations, videos etc. Why don't you just take a few thousends Pounds and multiply it with your systems, isn't it easier :)? "
well, its a fair question i suppose for a newbie so ill answer best i can
firstly i am that experienced i can build and populate a website inside 20 minutes, blogs can be setup by anyone in less than 10 minutes - so it aint much hardship is it.
Ive been trading now for close to 4 years and ive ran businesses selling all manner of things from windows to utilities to ebooks for about 10 years - I even ran a radio station at one time and have also been a consultant to some of the most powerful men in british industry such as the board of directors at Rolls-Royce plc and i can bet that ive had more jobs than youve had hot dinners.
Ive never stuck at any job for more that 3 years cos i get bored very easily - i tend to start businesses on a shoestring and build them up before i sell them and move on.
Anyway, i guess what im trying to get over to you all is that im a bit of a workaholic - never can see myself sitting on the beach for hours on end unless im on holiday - i like to work and the pursuit of money is my primary driver (had to be in sales or you starve) so im a bit of an entrepeneur. I make no apologies for this, money makes the world go around and i like having it.
It all comes down to your own personality - and think about this - why does this question always get asked to the unfamous system sellers? - why doesnt anyone ever pose this question to Alexander Elder, or Mark Douglas or John Bollinger? - the answer is simple - i sell books and systems because i can - why the hell not would be my basic reply?
Im sure that running turtle and others reading this have read books such as Market Wizards and Trading in the zone - well, the authors of those books were traders - why dont you ask them why they dont just trade their knowledge? - cos without that knowledge you may never have got a handle on forex trading.
I have knowledge and skills to pass on - just as an engineer may write a book about his designs so a trader may write a book about their methods and systems.
Why didnt bill gates stop at producing the windows operating system - he's got several billion dollars and yet he still continues to produce software and sell them - why not just sell windows?
Im sorry RT but this question you asked was a no-brainer - i sell em cos they work and i can make money out of trading the system as well as selling it - whats wrong with that? - its the way of the world.
I think the real thing behind this question when people ask it is this. Most people (myself included) came into trading because of the 'get rich quick' mentality - there's nothing wrong with that - its exactly the reason i started. However if you stay the course then you learn that like any business it takes time to build and master.
RT is like many of the newbies that come and go in the chat rooms in so much as he wants your knowledge for free without expending effort or monetary capital - well im sorry. I will give away lots of information and stuff that i think you will find useful - however i will not give away something that i have worked on for 6 months to perfect. and when you have something like i do with the system ive designed whats wrong with eeking out the maximum possible benefit that i can from it by selling the thing?
Selling a system is not going to make it less effective - even if i sold 50,000 copies - in fact it may well make it work better - look at fibonacci - its all bollocks but it works because so many prople follow it - its self fulfilling. so if i sold say 200,000 copies of hilda then it wouldnt get weaker it would get stronger - as long as there are more traders NOT trading it as there are trading it then it will work.
Now im ranting so ill close this little chat.
Before i do just take a moment to read my profile - you will see that i dont trade as a professional as such - trading is my retirement fund - i dont take out of it often and my day to day selling businesses is what pays the bills. I love to work and sell things on the net - I love to trade too so whats wrong with doing both?
I rest my case for your comments