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http://www.elitetrader.com/vb/showthread.php?s=8143dd07a6305cc6c45b27787e0188f6&threadid=130950
Just as Kinsey categorized different types of sexual practices and the
percentage of the people who participated in his survey, I too, your
pin feathered CNA, now bring you these enlightening results of the kind
of traders we have here.
They are categorized into 5 groups in the following:
Group E … 25%
Group D… 50%
Group C… 20%
Group B… 4%
Group A… 1%
Group E are not actually traders per say. They have long ago stopped
trading, or blew out their accounts completely, but still come here and
post on a regular basis. Why? Why have an exchange of ideas if it wont
be put into practice? Its quite simply really, these are lonely
individuals that society as left behind. Most are elderly, live by
themselves, and get little or no visitors. Their kids wont even stop by
anymore. They may have a cat, but a cat can not talk back. They yearn
for company. But they are not spiteful. They have accepted their fate.
Some even found happiness that came from the lack of daily stress from
the markets. So they happily post, and sprinkle a dash of trading
strategy in their outreach for verbal warmth. It matters not that the
ideas or strategies don’t work now, or didn’t work since the SEC was
enacted. This is their last bastion of interaction.
Group D is the largest group and have the most consistency in their
trading. The consistency to lose money. They couldn’t pick up a dollar
bill and put it in their pocket without losing it. This is also the
most fearful lot, for they know the most likely next step they will
fall into is group E. Odds are against them in moving up to Group C.
With an nervous twitch and a smile, they consider themselves traders
never the less. This group is the most susceptible to being bitten by
snake oil salesmen, trading fads, and be mesmerized by the internet
gurus. They have the largest collection of trading books, cd’s and
dvds. They will cling on to their precious tapes and cds as if it had
value, a price, displayed in their bookshelves. Like salmon swimming
upstream to spawn and getting caught in the jaws of death, so too do
these traders in their ill prepared mad quest to be in group A, wanting
to bypass groups C and B altogether.
Group C the people in this group are at the fork in the road. The few
that find themselves here are not making money, but for the most part
are no longer losing money either. This group is both the child and
parent, mentally speaking. They offer help to people in group D, and
may accept help from the groups above them. These traders are no longer
susceptible to the snake oil salesman and may have begun disputing the
worthiness of established norms in the trading world. They may still
seek council in the internet guru or even become a follower, but at a
much lower percentage than the people in group D. These traders have
sold their used cds and dvds to group D at an almost giveaway price.
They are also beginning to cancel any monthly subscription service they
are losing confidence in. The traders here may have entered the markets
at a prime time, and will slip to group D when the waters get choppy.
The rare few that arrived in choppy waters and survived may eventually
go up to group B. The posters in this group know how hard it is to
trade, and know they have to be in group B before moving on to A.
Group B this is the very rare few that arrive at this group. The people
in this group are legitimate traders, and report their occupation as
such to the IRS. They are making money, mostly as supplemental income
with the spouse also having to work, but on rare instances, may be the
sole bread winner. Traders in this group have long since stopped
falling for any market scam or guru. These are the alpha males.
Although modest here, outside the trading community at social
gatherings they will make sure that others know what they do for a
living. These traders also delight in explaining to friends and
neighbors that they make their living behind a computer, extracting
money from the markets. These traders may offer guidance to traders on
groups C and D, but they do not reveal their exact edge or methods.
They speak in general terms, with a slight aura of fog thrown in. They
leave it up to the lesser traders to decode it. It was a long and hard
journey, they will not just give it away. Traders in this group are
unique in a certain way. The most talented few may one day excel to
group A, but the rest may slip back into group C. However, they don’t
necessarily remain there. A fair percentage may pull themselves back up
to group B. If however they failed to adept and are unable to get
themselves back up, they become what is known as an internet guru. They
will have their own web site and may even have a nightly newsletter or
trading room. The People in group D just love to give these people
their money. Being that these traders are still alpha males, they will
adore the admiration coming from the people in group D and even a few
in group C. If they have a gift for gab, and are a programmer or know
one, they may evolve into a snake oil salesmen.
Group A this is it, the mythical elite trader. The people in this group
are seldom seen or heard from in the boards. They are reclusive for the
most part but a handful may help others in the trading community. The
ones that don’t are just too preoccupied to spend time doing anything
but making money. Trading is a religion to this group. These traders on
occasion may actually give away strategies that are no longer working
for them, but to everyone else its cutting edge. Sometimes they may
give actual pertinent information, but they know in their hearts that
the receiver of that information does not possess the skill or mindset
to make any use of it. Morse code. No one is impervious to the market,
if a trader from this group slips off to a lower group, he/she has the
ability to pull themselves back up. However, if they fail to adept for
some reason, or are just too old and weary, they become what is known
as a multi-media guru. These traders have their own marketing team.
They will amass a sophisticated machine selling everything from news
letters to speaking appearances. They may even have their own late
night info-mercial. They may easily make a nice living of this for
several years with out having to make one single trade. As rarely seen
as they were when trading, they become the opposite when they no longer
trade. They will be everywhere. In time their product will fade is it
will no longer be relevant.
Just as Kinsey categorized different types of sexual practices and the
percentage of the people who participated in his survey, I too, your
pin feathered CNA, now bring you these enlightening results of the kind
of traders we have here.
They are categorized into 5 groups in the following:
Group E … 25%
Group D… 50%
Group C… 20%
Group B… 4%
Group A… 1%
Group E are not actually traders per say. They have long ago stopped
trading, or blew out their accounts completely, but still come here and
post on a regular basis. Why? Why have an exchange of ideas if it wont
be put into practice? Its quite simply really, these are lonely
individuals that society as left behind. Most are elderly, live by
themselves, and get little or no visitors. Their kids wont even stop by
anymore. They may have a cat, but a cat can not talk back. They yearn
for company. But they are not spiteful. They have accepted their fate.
Some even found happiness that came from the lack of daily stress from
the markets. So they happily post, and sprinkle a dash of trading
strategy in their outreach for verbal warmth. It matters not that the
ideas or strategies don’t work now, or didn’t work since the SEC was
enacted. This is their last bastion of interaction.
Group D is the largest group and have the most consistency in their
trading. The consistency to lose money. They couldn’t pick up a dollar
bill and put it in their pocket without losing it. This is also the
most fearful lot, for they know the most likely next step they will
fall into is group E. Odds are against them in moving up to Group C.
With an nervous twitch and a smile, they consider themselves traders
never the less. This group is the most susceptible to being bitten by
snake oil salesmen, trading fads, and be mesmerized by the internet
gurus. They have the largest collection of trading books, cd’s and
dvds. They will cling on to their precious tapes and cds as if it had
value, a price, displayed in their bookshelves. Like salmon swimming
upstream to spawn and getting caught in the jaws of death, so too do
these traders in their ill prepared mad quest to be in group A, wanting
to bypass groups C and B altogether.
Group C the people in this group are at the fork in the road. The few
that find themselves here are not making money, but for the most part
are no longer losing money either. This group is both the child and
parent, mentally speaking. They offer help to people in group D, and
may accept help from the groups above them. These traders are no longer
susceptible to the snake oil salesman and may have begun disputing the
worthiness of established norms in the trading world. They may still
seek council in the internet guru or even become a follower, but at a
much lower percentage than the people in group D. These traders have
sold their used cds and dvds to group D at an almost giveaway price.
They are also beginning to cancel any monthly subscription service they
are losing confidence in. The traders here may have entered the markets
at a prime time, and will slip to group D when the waters get choppy.
The rare few that arrived in choppy waters and survived may eventually
go up to group B. The posters in this group know how hard it is to
trade, and know they have to be in group B before moving on to A.
Group B this is the very rare few that arrive at this group. The people
in this group are legitimate traders, and report their occupation as
such to the IRS. They are making money, mostly as supplemental income
with the spouse also having to work, but on rare instances, may be the
sole bread winner. Traders in this group have long since stopped
falling for any market scam or guru. These are the alpha males.
Although modest here, outside the trading community at social
gatherings they will make sure that others know what they do for a
living. These traders also delight in explaining to friends and
neighbors that they make their living behind a computer, extracting
money from the markets. These traders may offer guidance to traders on
groups C and D, but they do not reveal their exact edge or methods.
They speak in general terms, with a slight aura of fog thrown in. They
leave it up to the lesser traders to decode it. It was a long and hard
journey, they will not just give it away. Traders in this group are
unique in a certain way. The most talented few may one day excel to
group A, but the rest may slip back into group C. However, they don’t
necessarily remain there. A fair percentage may pull themselves back up
to group B. If however they failed to adept and are unable to get
themselves back up, they become what is known as an internet guru. They
will have their own web site and may even have a nightly newsletter or
trading room. The People in group D just love to give these people
their money. Being that these traders are still alpha males, they will
adore the admiration coming from the people in group D and even a few
in group C. If they have a gift for gab, and are a programmer or know
one, they may evolve into a snake oil salesmen.
Group A this is it, the mythical elite trader. The people in this group
are seldom seen or heard from in the boards. They are reclusive for the
most part but a handful may help others in the trading community. The
ones that don’t are just too preoccupied to spend time doing anything
but making money. Trading is a religion to this group. These traders on
occasion may actually give away strategies that are no longer working
for them, but to everyone else its cutting edge. Sometimes they may
give actual pertinent information, but they know in their hearts that
the receiver of that information does not possess the skill or mindset
to make any use of it. Morse code. No one is impervious to the market,
if a trader from this group slips off to a lower group, he/she has the
ability to pull themselves back up. However, if they fail to adept for
some reason, or are just too old and weary, they become what is known
as a multi-media guru. These traders have their own marketing team.
They will amass a sophisticated machine selling everything from news
letters to speaking appearances. They may even have their own late
night info-mercial. They may easily make a nice living of this for
several years with out having to make one single trade. As rarely seen
as they were when trading, they become the opposite when they no longer
trade. They will be everywhere. In time their product will fade is it
will no longer be relevant.
