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Trading the SLA/AMT Intraday
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Trading the SLA/AMT Intraday

  #331 (permalink)
Banned: Vendor self-promotion
Phoenix AZ
 
Futures Experience: Advanced
Platform: IB
Broker/Data: IB
Favorite Futures: NQ
 
DbPhoenix's Avatar
 
Posts: 470 since Dec 2012
Thanks: 95 given, 1,543 received


Big Mike View Post
There was nothing wrong with the location of this thread. I was just questioning your experience and if you are a sim trader or actually trading cash, because so far there is no evidence you're trading anything at all in a professional manner.

I believe it's extremely dangerous to tell people they can follow a few lines or ramblings from 50 years ago and make money, especially when you provide no proof of your actual trades to substantiate anything you are saying.

Mike

I began trading in '77, retired in '92, began daytrading futures in '98.

As for substantiation, I've provided my trading plan. Those who want to substantiate it can trade it. If it doesn't work for them, that is not unexpected. Few people can trade price without aids of some sort. But some can. My threads are addressed not only to those who can but to those who'd like to learn how to do so.

You mention something in your new thread guidance about paying it forward. That's what I'm trying to do given that I'm much nearer the end of my life than I'd like to be. I had hoped that by now I'd have been able to find someone who could teach this, but that has not been the case. So far. Hence the SLA.

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  #332 (permalink)
Trading Apprentice
Toronto canada
 
Futures Experience: None
Platform: Wts
Favorite Futures: Cl
 
Posts: 9 since Jul 2015
Thanks: 4 given, 14 received


Big Mike View Post
There was nothing wrong with the location of this thread. I was just questioning your experience and if you are a sim trader or actually trading cash, because so far there is no evidence you're trading anything at all in a professional manner.

I believe it's extremely dangerous to tell people they can follow a few lines or ramblings from 50 years ago and make money, especially when you provide no proof of your actual trades to substantiate anything you are saying.

Mike

There is never any evidence that anyone posting on a bulletin board is actually trading. It is up to the individual to test what is being said, there is nothing easier then to fabricate proof. I don't understand how this is even relevant.
And he is not asking people to follow lines he is showing people an objective way to track supply and demand. He stresses the need to develop a personalized trading plan and to test it first, i don't see any danger here.

I am not defending his methods but I don't understand how you can say these things, unless you are not familiar with his writings. I do respect your desire to protect members from bullshiters (RIP Jack Hershey).

Personally, I have seen his work on many boards and I think that he has a lot to offer and is genuine.

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  #333 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
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Iamdom View Post
There is never any evidence that anyone posting on a bulletin board is actually trading.

Personally, I've provided evidence in the form of real-time posts, real time screen captures from my broker, daily broker emails, statements in the form of daily, monthly and quarterly, and more -- for a period of roughly six months (every single day, every single trade). You can find it on futures.io (formerly BMT).

Anyone could do the same if they want. I don't mean calling one or two trades, or even for a couple days, but for a sustained period of time.

Anything can be faked, but given the posts were real time and everyone can receive email notices and/or look at the edit history, it was easy to see they were genuine. Yes it is possible I faked hundreds of statements from IB, you'll have to decide that for yourself based on my reputation in the community.

Raise your standards. Don't waste your time with people that can't prove what they say.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
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  #334 (permalink)
Trading Apprentice
Ft. Lauderdale, Florida/USA
 
Futures Experience: Intermediate
Platform: Sierra Chart
Favorite Futures: NQ
 
Posts: 9 since Aug 2012
Thanks: 2 given, 4 received


Big Mike View Post
Personally, I've provided evidence in the form of real-time posts, real time screen captures from my broker, daily broker emails, statements in the form of daily, monthly and quarterly, and more -- for a period of roughly six months (every single day, every single trade). You can find it on futures.io (formerly BMT).................................
....................Raise your standards. Don't waste your time with people that can't prove what they say.

Mike


Don't flatter yourself, your so called, "evidence" would have been shredded to pieces on Elitetrader. Your reputation on this board may be reputable, since you own the board, but other forums, such as ET does not have a very high opinion of you.

I have followed DBphoenix for over ten years, and I've never seen him coerce someone into following his methods (Wyckoff). He's providing a trading plan, and if one is interested, all s/he has to do is to test it, and decide for oneself. That's what I've done, and am glad, that I did. I took what works for me, and discarded what doesn't.

Incidentally, you've worshiped Al Brooks, a lot, and if I recall correctly, he has never, ever provided a real time call on a trade, and never provided brokerage statements. And yet, you have done many webinars with him; please explain.

I'm here on this board, only because of DBphoenix, and thought this board would be different from ET, as such one would be able to discuss trading plans, and strategies freely without having to worry about trolls. And as it turns out, the owner himself turns out to be the biggest troll on this board.

Schaefer

(Student of DBphoenix, Al Brooks, and wrbtrader; none of whom have provided any brokerage statements to me, and I now trade eminis full time).

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  #335 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
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Posts: 46,238 since Jun 2009
Thanks: 29,350 given, 83,221 received

ET is full of banned vendors that were kicked out of futures.io (formerly BMT). Not surprising they don't like me. There are other threads on futures.io (formerly BMT) which have full transparency on vendors and futures.io (formerly BMT), feel free to continue there if your wish.

None of them have come remotely close to the level of transparency I've published, and they are trying to sell stuff where I was only trying to get people to stop scalping.

Sent from my phone

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

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  #336 (permalink)
Trading Apprentice
Toronto canada
 
Futures Experience: None
Platform: Wts
Favorite Futures: Cl
 
Posts: 9 since Jul 2015
Thanks: 4 given, 14 received


Big Mike View Post
Personally, I've provided evidence in the form of real-time posts, real time screen captures from my broker, daily broker emails, statements in the form of daily, monthly and quarterly, and more -- for a period of roughly six months (every single day, every single trade). You can find it on futures.io (formerly BMT).

Anyone could do the same if they want. I don't mean calling one or two trades, or even for a couple days, but for a sustained period of time.

Anything can be faked, but given the posts were real time and everyone can receive email notices and/or look at the edit history, it was easy to see they were genuine. Yes it is possible I faked hundreds of statements from IB, you'll have to decide that for yourself based on my reputation in the community.

Raise your standards. Don't waste your time with people that can't prove what they say.

Mike

Maybe you had something to prove which is fine but dbphoenix never made claims which require proof. I don't hear him bragging about what a great trader he is. He is offering information or an approach and it is up to the individual to decide whether this information can help their trading. His posts are civil, well written and emphasize the importance of tracking supply and demand imbalances using price action and lines. I really like that he stresses the need to develop a complete trading plan and to test it first. Seems like useful content to me.

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  #337 (permalink)
Trading Apprentice
Phoenix, AZ
 
Futures Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: index futures
 
Posts: 2 since Jul 2011
Thanks: 3 given, 1 received

Big Mike, appreciate your efforts at some accountability, at ANY accountability, but you are wasting your time. He and those who follow him will always fall back on the claim that posting real-time trades can be "easily" faked so why bother. Of course real-time trades could be posted in advance i.e., "if price crosses XYZ I will be long on a market order." But that's not going to happen here so accept the endless theoretical discussion for what it's worth, and those who fawn over him will continue to do so. It's no accident that in all these years he has not been able to teach/train a single person who can explain his methodology and post real-time trades to verify success and profitability. It was that way at Traders Laboratory, it was that way at Elite Trader, and it will be that way at Big Mike's Trading.

 
  #338 (permalink)
Elite Member
Christchurch, New Zealand
 
Futures Experience: Beginner
Platform: SC
Broker/Data: IB, BC, Dx Feed
Favorite Futures: US Equities
 
Neo1's Avatar
 
Posts: 422 since Jul 2014
Thanks: 470 given, 470 received

So is this really a vendor thread in disguise?

"Free markets work because they allow people to be lucky, thanks to aggressive trial and error, not by giving rewards or incentives for skill. The strategy is, then, to tinker as much as possible and try to collect as many Black Swan opportunities as you can"
 
  #339 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,238 since Jun 2009
Thanks: 29,350 given, 83,221 received


Neo1 View Post
So is this really a vendor thread in disguise?

I don't think so. To me, what he is teaching is ridiculous. But hey I've made some ridiculous mistakes in the past as well, so I was trying to determine if he actually trades since none of his followers from ET were going to ask him.

He uses free charts and never posts a trade best I can tell. Seems like a sim trader to me. Which would make sense and explain why he believes in this method.

Just my opinion. I'm done with the thread for now, to me it seems clear he is not someone should follow.

Sent from my phone

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

 
  #340 (permalink)
Elite Member
Flower Mound Texas
 
Futures Experience: Intermediate
Platform: SC
Favorite Futures: NQ, ES
 
Posts: 2 since Apr 2015
Thanks: 0 given, 1 received

Trading the SLA/AMT Intraday


Wow, that's enough WTF to bring a hardcore lurker out in the open (102 days until today).

I stumbled onto DB over on EliteTrader about 4-6 months ago and followed him over here. Suffice to say, if he wasn’t here futures.io (formerly BMT) would have -1 on the paying membership list.
For the record, yes, I find the material and discussion very helpful, I would even go as far as to credit it with helping me go from getting pummeled day after day to this might actually be possible after all.

With that said, I would like to publicly thank DB for his seemingly endless efforts in giving back. I have failed thank DB before now and for that DB you have my apologies.

@BigMike - no apologies for you, are you having a bad day because your thread “interruption” seems more about you needing to put your ego on display rather than fuel any sort of objective discussion.
Since we are here on the internet and all, I would like understand from your point of view, what’s the problem with the methodology and why? As I am sure you reviewed the material before you made the decision to rudely insert yourself so this should be a no brainer.


Before I forget , marketsurfer called and wants his Midol back.

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