Why members share strategies? | Metals Mine

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Why members share strategies?

  • #1
  • First Post: Feb 21, 2018 9:10pm Feb 21, 2018 9:10pm
Hi folks

I'm just wondering why youtubers and other members share strategies supposedly profitable. Does it have an impact on supply and demand. I mean if lot of people follow the same strategie . At some point it's not going to work right ?

Thanks
  • #2
  • Feb 21, 2018 9:33pm Feb 21, 2018 9:33pm
Quoting whitefox
Does it have an impact on supply and demand. I mean if lot of people follow the same strategie . At some point it's not going to work right ? Thanks
We (retail traders) are a drop in the ocean ...
MT4/MT5 EAs/Indicators/Alerts coder
  • #3
  • Feb 21, 2018 10:07pm Feb 21, 2018 10:07pm
_Firstly, aside if the strategy works or not i'd say that for most of people on you tube it is a chance to share
a free strategy only to later sell you a course or subscribe to their trading signal, and Nothing wrong with it _

_Another aspect of sharing could be that for most people it is a way to confront themselves with others
and perhaps refining their strategy by getting more advises and tips from other people .. this is not so much
the youtube case, but the FF case or any other forum ,, sharing is good but you can't have all ideas in your mind so it is nice
to get ideas from other experienced people too _

_Also when a system it is shared it is nearly impossible that all people watching a thread or watching YT channel
will be a able to follow it, as with so many distractions of so many other strategies, people will give up of just forget it after a while_
So in the end even if a strategy it is shared only very few will be able to perfect it and practice it _
-Also sharing is a way to exist in our modern Era dominated by the internet and this can give to all of us a little piece of glory_
Sharing is ultimately a good habit to open ourselves to others_

Coders make nice Ea's or Indis and they share it with us and some are even free, why they do that ?
Most of them do it because they feel proud of their own creation and they have the feeling it might benefit someone by sharing it ..
.. of course the poor coder begins to share less and less, as soon as he sees that he gets stressed by so many out there
who are annoying and do not appreciate the free work given to them_
InFact Sharing something should be a pleasure and takes intelligent people to fully appreciate it _


Quoting whitefox
Hi folks I'm just wondering why youtubers and other members share strategies supposedly profitable. Does it have an impact on supply and demand. I mean if lot of people follow the same strategie . At some point it's not going to work right ? Thanks
The arriving better than the arrival, the journey has just started
  • #4
  • Feb 22, 2018 12:50am Feb 22, 2018 12:50am
Quoting whitefox
Hi folks I'm just wondering why youtubers and other members share strategies supposedly profitable. Does it have an impact on supply and demand. I mean if lot of people follow the same strategie . At some point it's not going to work right ? Thanks
If you consider that it is a 6 Trillion dollar a day market place (decentralized) and highly leveraged, then the fact that say even 1000 people with a $1,000,000 each would have a Billion dollars between them, guess where the rest of the money is coming from... think banks governments commercial trade houses hedge funds etc etc.

If we think that the average group of retail traders moves a market or that by following a similar strategy they will affect pricing then we are in deep trouble

cheers
maahome
  • #5
  • Feb 22, 2018 2:07am Feb 22, 2018 2:07am
Quoting whitefox
Hi folks I'm just wondering why youtubers and other members share strategies supposedly profitable. Does it have an impact on supply and demand. I mean if lot of people follow the same strategie . At some point it's not going to work right ? Thanks
Hi, some people share to help others.

Quite often though it is very difficult for a person to copy an others strategy...
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #6
  • Feb 22, 2018 2:57am Feb 22, 2018 2:57am
I may have an ulterior motive:

If enough people react the same way when for example price touches a major MA line (round numbers, pivots, etc.), it becomes a self-fulfilling prophecy and you get the expected reaction.
  • #7
  • Feb 22, 2018 3:28am Feb 22, 2018 3:28am
I share becos :-

1. To show that I am a good trader even tho I am not
2. I want people to like me and to feel good.about myself.
3. I hope to get a red thingy on my nick fast.
4. To get accepted by my best cyber friends.
5. I am hoping to learn something new to improve my trading cos my own trading method sux.
6. To massage my over inflated ego.

I still haven't learn anything useful after 10 yrs and still a struggling trader with my demo TE accounts.

Cheers
GS
  • #8
  • Feb 22, 2018 3:46am Feb 22, 2018 3:46am
Quoting FerruFx
{quote} We (retail traders) are a drop in the ocean ...
liquidator but is first raindrop from the mother of all storms.. they got advantage because orderbook , in mt4 there is absolutely nothing the broker will show the flow tier 2 ordebook such like in stock market..
  • #9
  • Feb 22, 2018 4:35am Feb 22, 2018 4:35am
Quoting whitefox
Hi folks I'm just wondering why youtubers and other members share strategies supposedly profitable. Does it have an impact on supply and demand. I mean if lot of people follow the same strategie . At some point it's not going to work right ? Thanks

Hi whitefox,
An interesting question with, I think, a few possible strands for an answer.

First, my observations on the internet suggest that a lot of it is basically scamming in one form or another. Less cynically, I think many people do have essentially sound ideas but lack the emotional discipline to make it work when their own money is on the line, so sharing good ideas to demonstrate their intellectual skill at least is a substitute of some kind.

As for does it affect the validity of the method if everyone copied it, I'd tend to say no, if anything the reverse. Let's say you have a fantastic breakout method. If everyone copied you, the breakout forces would be magnified by all the others piling in and reinforce the effect you are looking for. In reality, it's such a huge market with so many players out there with completely different reasons for participating that your ideas are a drop in the ocean and unlikely to materially affect the tide.

Finally, a bit of philosophy to consider: why do people engage in altruism, e.g. giving money to charity, putting useful free advice on youtube and forums, or helping the old lady to cross the road safely? That is sharing with no direct material personal gain attached yet literally millions of us do it. Why, exactly? A further answer to your question might lie in there somewhere.
  • #10
  • Feb 22, 2018 6:07am Feb 22, 2018 6:07am
Quoting genghistar
I share becos :- 1. To show that I am a good trader even tho I am not 2. I want people to like me and to feel good.about myself. 3. I hope to get a red thingy on my nick fast. 4. To get accepted by my best cyber friends. 5. I am hoping to learn something new to improve my trading cos my own trading method sux. 6. To massage my over inflated ego. I still haven't learn anything useful after 10 yrs and still a struggling trader with my demo TE accounts. Cheers GS
Absolutely genghistar
  • #11
  • Feb 22, 2018 6:16am Feb 22, 2018 6:16am
Thanks everyone for the clarification, i know hedge funds and big organisations tend to move the price rather than retail traders. As Ferrux said we are drop in the ocean
  • #12
  • Feb 22, 2018 6:27am Feb 22, 2018 6:27am
Quoting genghistar
I share becos :- 1. To show that I am a good trader even tho I am not 2. I want people to like me and to feel good.about myself. 3. I hope to get a red thingy on my nick fast. 4. To get accepted by my best cyber friends. 5. I am hoping to learn something new to improve my trading cos my own trading method sux. 6. To massage my over inflated ego. I still haven't learn anything useful after 10 yrs and still a struggling trader with my demo TE accounts. Cheers GS
  • #13
  • Feb 22, 2018 6:30am Feb 22, 2018 6:30am
Quoting whitefox
Hi folks I'm just wondering why youtubers and other members share strategies supposedly profitable. Does it have an impact on supply and demand. I mean if lot of people follow the same strategie . At some point it's not going to work right ? Thanks
Because they are not profitable, even for them. No mechanical or chart based strategy can be profitable in the long term. Some would do it because they want Youtube subscribers, for ego boosting, or to try to scam others at some point.
Don't give up on your dreams. Keep sleeping.
  • #14
  • Feb 22, 2018 6:32am Feb 22, 2018 6:32am
Quoting genghistar
I share becos :- 1. To show that I am a good trader even tho I am not 2. I want people to like me and to feel good.about myself. 3. I hope to get a red thingy on my nick fast. 4. To get accepted by my best cyber friends. 5. I am hoping to learn something new to improve my trading cos my own trading method sux. 6. To massage my over inflated ego. I still haven't learn anything useful after 10 yrs and still a struggling trader with my demo TE accounts. Cheers GS
Excellent!
Don't give up on your dreams. Keep sleeping.
  • #15
  • Feb 22, 2018 6:34am Feb 22, 2018 6:34am
Quoting whitefox
Hi folks I'm just wondering why youtubers and other members share strategies supposedly profitable. Does it have an impact on supply and demand. I mean if lot of people follow the same strategie . At some point it's not going to work right ? Thanks

Because, those strategies are not working! You can check manually.
  • #16
  • Feb 22, 2018 6:46am Feb 22, 2018 6:46am
Quoting genghistar
I share becos :- 1. To show that I am a good trader even tho I am not 2. I want people to like me and to feel good.about myself. 3. I hope to get a red thingy on my nick fast. 4. To get accepted by my best cyber friends. 5. I am hoping to learn something new to improve my trading cos my own trading method sux. 6. To massage my over inflated ego. I still haven't learn anything useful after 10 yrs and still a struggling trader with my demo TE accounts. Cheers GS
Brilliant!
  • #17
  • Feb 22, 2018 6:51am Feb 22, 2018 6:51am
Quoting whitefox
Does it have an impact on supply and demand. I mean if lot of people follow the same strategie . At some point it's not going to work right ? Thanks
Most of the people doesn't trade on ECN account, so their actions doesn't have any impact on supply and demand...
Keep It Simple
  • #18
  • Feb 22, 2018 6:52am Feb 22, 2018 6:52am
Quoting FerruFx
{quote} We (retail traders) are a drop in the ocean ...
so the ocean owners guys are not humans ? they never share anything even to their families or friends ? or they lose too ?!
idk, maybe you do, i was asking! cheers
  • #19
  • Feb 22, 2018 7:25am Feb 22, 2018 7:25am
Quoting genghistar
I share becos :- 1. To show that I am a good trader even tho I am not 2. I want people to like me and to feel good.about myself. 3. I hope to get a red thingy on my nick fast. 4. To get accepted by my best cyber friends. 5. I am hoping to learn something new to improve my trading cos my own trading method sux. 6. To massage my over inflated ego. I still haven't learn anything useful after 10 yrs and still a struggling trader with my demo TE accounts. Cheers GS
Nice one genghistar
,,, and about the red thingy, that some time becomes like a weigh on the shoulder
as the // often means losing the privilege of being a newbie and ask the most silly questions ...
When wanting to follow a new system in a new thread the Redz gotta make sure to read as much as they can
until they grasp the meaning of it, and so avoiding asking questions already being asked_

// also makes people a bit more touchy .. and you're right here...especially if their ego is not pampered _
Some times Redz disappear from a thread when a yellow or a colorless_color shows, to be a better trader then them ...
but that is the case when someone became a Red for some strange reasons .. it is like buying a Karate Red Belt in the shop
and feeling like Bruce Lee, and getting beaten when you meet a real Yellow Belt who has practised for at least a year _

Oh lord.. what can we say the world goes this way and we enjoy the life as such a big theatre
The arriving better than the arrival, the journey has just started
  • #20
  • Feb 22, 2018 7:39am Feb 22, 2018 7:39am
Quoting jenbols
... often means losing the privilege of being a newbie and ask the most silly questions
You made my day on this one ... and I fully agree!
MT4/MT5 EAs/Indicators/Alerts coder
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