Once again, since you missed it the first time. I did not insult you. Recognising a behaviour someone is displaying is not insulting them.
Fat tails did not insult you. As Lornz remarked aboved, "stealing from each others accounts" is pretty much how this game is known to many of the players. He was not calling you a theif. He also helped you with advice about market orders. Lornz has tried to help you also, and it was you who attacked everyone stating no "real traders" post here, indicating those who say they trade are liars.
You set your trading level to the highest possible. Master.
This is quite a comical statement.
The fact I brought it up tells you nothing other than possibly I am interested in human behaviour.
Well, you are a master after all...
And yet you say things to one of the most respected traders on this forum like:
"If you don't realize the folly of this statement, then I hope you never do." When he is discussing a simple concept he is completely correct about.
That very much implies you think your knowledge of trading is greater than his. And lets not forget, once again, you set your trading level to "master".
Probably a wise move.
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Protecting my capital from the market is nothing to need to "have a sense of humor" about. I suppose you don't come up all smiles when someone attacks and belittles you (by making snide comments about thievery), calls you a blowhard-know-nothing trader and have a paralyzing mental disease that distorts your reality? I don't think so. Especially when all of them missed the point of the post 100%
Good trades and Happy Holidays to you too Lornz...
I understand that my post might have come across as sarcastic, but I was actually being sincere. I might kid around a lot and be prone to polemics, but I did try to end this discourse on a friendly note.
No one was "making snide comments about thievery", you are clearly reading malicious intent into a comment clearly not intended that way.
I am open to the possibility of being an idiot, but your original post is based on a faulty premise.
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I don't have the answer to post #1 and I understand your point since i have been thinking about it myself. Have you tried bypassing the problem of brokers by creating a strategy that controls your money management, you could for example flatten all positions if you are risking more than 2% of your actual capital. I have to admit that in my trading career I moved my stopped in a non convinient way and sometimes or better, many times my computer is sticking to the rules much much better than me or any broker backoffice.
I am simple minded, in my opinion a hard stop does both allow me to control leverage and protect me from a huge loss. I am aware that there is an operational risk, which is out of control. If the electronic market, where I trade is down, nobody can protect my funds, even not the broker.
I did not want to insult you, but just call the game what it is. FOREX retail is a business, if you are on the sell side - that is selling broker services to gamblers. This is very similar to running a casino. The FOREX brokers either have an edge as the casino does, this is the case where you trade against them. Or at best they are simple service providers, who supply access to a regulated market place or ECN.
I have only been to a casino a few times in my life. I know that the house has an edge due to the setup of the games. So unless I use some super-sophisticated devices to outsmart the house, I will probably lose my shirt. Also I do not call it a "business trip", if I go to the casino.
The FOREX retail market is a gambling market. Some speculators pretend that they supply liquidity to the market place and thus contribute to the common wealth, as they are facilitating the transactions of hedgers, who need liquid markets to protect themselves from market risk. This argument was true for local floor traders who traded the other side of the order book to compensate for temporary imbalances between supply and demand. But is this really true for FOREX retail traders?
I agree that life is somewhat similar to trading. The trading universe is similar to a small universe with different species of traders and algorithms. Traders and trading algorithms feed on each other, as carnivores feed on herbivores. These similarities and the hidden forces of feedback is something that attracts me to trading.
But if trading can be seen as a metapher for life, it is by no means life itself. Its physical component is reduced to staring at a screen and pressing the button of a mouse, the metabolism is reduced to emotions.
Trading is neither business nor a surrogate for life, it is mostly gambling. I feel sorry for your loss. But as a master trader you will have to accept responsibility and not blame others.
Last edited by Fat Tails; December 13th, 2011 at 01:35 AM.
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The original poster has received a 60 day ban for rude behavior. It was sixty days and not permanent because he did edit out some of the rudest remarks, and this appears to be his first offense.
But nonetheless, everyone knows we do not tolerate such uncalled for behavior on futures.io (formerly BMT).
If you wish to continue this discussion, a new thread without the name calling and rude behavior can be started.
Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.
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