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Old 07-21-2008, 04:58 PM
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Shootanappleoffmyhead Shootanappleoffmyhead is offline
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Cool Hey hey hey...

Dave,
Superb first point. Well, I just wrote this ginormous reply but it got erased so I'll just outline my ideas for now.

1. It is good to get more traders into the market, but where are the ethical boundaries regarding why we are trying to get more traders into the market?

Let the truth be known, the very success of profitable traders is married to the very failure of unprofitable traders.
It is my experience that men can be cunningly enterprising with issues like this. As we see demonstrated rampantly in our healthcare industry's focus on profit margin rather than the well being of the American People. A classic example suggesting moral/ethical issues can be bought.

So what would make the harvesting of dumb money any different?

2. So let's say that we did decide it was a great idea to just freely share our ideas and secrets with just about anybody. Is this really what neophyte traders need? Doesn't he/she need to embark on his/her own pilgrimage and learn his very own system based on what works best with his personality?

Truthfully, I'm almost glad so many traders never shared their secrets with me, because I may still be bouncing from one "great" trading plan to the next, becoming very confused along the way.

3. This question is for Dave. As stated in the classic Wealth of Nations by Adam Smith, ours is an economy based almost entirely on self interest. For example, if I am selling you something my pitch will not include information about how I will be able to feed my face with your commission dollars. My pitch would have more to do with how my product will benefit you.

The very name of this website is "Informedtrades.com"

How do you yourself benefit from helping inform traders? (please refrain from the intangeable "personal satisfaction" pledge.)

Last edited by Shootanappleoffmyhead; 07-21-2008 at 05:03 PM.
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