"It is literally true that millions come easier to a trader after he knows how to trade,
than hundreds did in the days of his ignorance." J.L.

Monday, November 2, 2009

Copycats


I tend to surf a lot of chats to gauge sentiment as part of my preparations and recently came across someone who essentially copied my "current market view" close to word for word and sharing it to others as though it were his own.

Now, is it possible that we came to the same conclusions, as detailed as my analysis is, and at the same time have similar diction, vernacular and vocabulary? Sure it's possible, so I will refrain from linking him just in case.

But I recently checked his blog again (which is 2 months old), and why am I not surprised that he has the same Jessie Livermore quote on his page? Sure it's a famous quote, but too many coincidences, to me, add to something more than chance.

Not only this, but most of his recent publications reflect my philosophies about trading almost to the tick (the need for forming biases, the need to be proactive, etc).

I hope he at least made some money off of it as I added an additional 40% (since my last update) to my account in the past 2 weeks alone which is all that really matters in this game.

Anyways, in case you were wondering why no market updates, this is the reason. Suffice to say I will be more cautious about posting anything too sensitive going forward. Maybe I should take this blog private? I just hate to make people jump through the login hoops. I'll think of something.

17 comments:

E-Mini Player said...

Sorry for copying and pasting dude; it's just so much easier than coming up with stuff on my own... LOL j/k! Nice job on the +40%!

mvw said...

LOL EP,

Yeah right bro, you have Chuck AND Z - that's a powerful combination for content!

Hope all is well with school and work, good to hear from you.

sage08 said...

hmm.. I wonder why he doesn't copy my work too. Btw, good job on the 40% plus!

mvw said...

Hey Sage,

Good to hear from you. The reason why is probably because you post once a year :P

Thanks for stopping by, I hope all is going well with the fam.

ANON said...

Love your blog.

Get some people who know law and charge him with copyright infringement (anything you write is copyrighted automatically). Perhaps you'll be able to make a little side money =P

Congratz on the gains.

mvw said...

Anon,

Seriously I'm just mad he didn’t put me on his blog roll :p

Thanks for stopping by.

daytrader233 said...

What a scumbag. He, or she, is building a reputation based on your hard work. You should post the site name and let those of us with a nastier side go visit.

mvw said...

Hey DT,

Send the goons to pay him a visit? Lol..

It’s ok. Truth be told I don’t mind that much, it would be foolish not expect it once in awhile being the internet and all, but some credit/traffic sharing would have been nice.

I hope you are killing the currencies over there, good trading to you.

FreeStyle Trader said...

MvW

There is nothing like the real thing my friend... keep up the good work

40% hey... well done

mvw said...

Hi Kevin,

Admittedly, the gains came from the recent expansion of volatility in the past 2 weeks (and a little bit of luck) as opposed to me being an outstanding trader, though that is my goal.

Some day soon, though.

Jules said...

Congrats, MVW!
Now let us have the site address. :-)

mvw said...

Thanks, Jules. Trading seems to be inversely correlated with the amount of sleep I get. That’s the secret. The less I sleep, the less I think and the more I make.

Also, I already forgot about the plagiarizer :P

Giorgio said...

Hi Mvw,

as we forecast last week, while we were commenting your post of the 30th of October 2009, we've reached the correction's bottom. US loses 203,000 jobs in October, less than the previous month (in September US loses 271,000 jobs), and Fed prepares for key decision.

Regards

mvw said...

Hi Giorgio,

Your speculation appears to be correct so far. Did you enjoy your profits? :)

For myself, I think there is high risk around this level simply because we are resting on a major decision point. A lot of traders are hopping in and out here. A lot of news this week still, we will see what happens.

Keep up the good work.

Giorgio said...

U.S. stocks rallied. I think you're right when you ask if I enjoyed my profit. Unfortunately I sold early Stmicroelectronics stocks and the gain wasn't big.
As you wrote, "We are the architects of our destiny. Everything is on us".

Meanwhile, jobless claims and worker productivity beat forecasts and Cisco Systems Inc. said a global economic recovery spurred a rebound in sales.

Regards

mvw said...

Hi Giorgio,

Small profits are still profits, my friend. It's the losses we have to be worried about. I myself have been trading very small this last week as well, mostly taking very short term signals just to pay myself during these slow days.

Without a doubt the news as of late have been positive with increased homebuying, decrease in jobless claims, retail sales up. The final news item is out tomrrow with the NFP and this is sure to cause a nice spike in either direction (as it always does).

Thanks for sharing your thoughts.

Anonymous said...

Just post the link to his blog, and let us (charles bronson) ether zone morality cops take care of the dirt bag.

BTW, no one would ever steal anything that is worthless.

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