Elitetrader.com Forum versus the Soviet Union before it broke up - futures io
futures io futures trading



Elitetrader.com Forum versus the Soviet Union before it broke up


Discussion in Traders Hideout

Updated
      Top Posters
    1. looks_one sandman with 2 posts (1 thanks)
    2. looks_two Big Mike with 1 posts (0 thanks)
    3. looks_3 traderwerks with 1 posts (1 thanks)
    4. looks_4 bluemele with 1 posts (0 thanks)
    1. trending_up 5,317 views
    2. thumb_up 3 thanks given
    3. group 6 followers
    1. forum 9 posts
    2. attach_file 0 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 125,000 members
  • Genuine reviews from real traders, not fake reviews from stealth vendors
  • Quality education from leading professional traders
  • We are a friendly, helpful, and positive community
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts
  • We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

(If you already have an account, login at the top of the page)

 
Search this Thread
 

Elitetrader.com Forum versus the Soviet Union before it broke up

(login for full post details)
  #1 (permalink)
San Antonio, Texas
 
Experience: Intermediate
Platform: NinjaTrader, MT4
Trading: Currency Futures
 
Posts: 29 since Sep 2011
Thanks: 3 given, 14 received

I was posting in a forum over on elitetrader.com concerning a strange experience I had with a sudden spike in my cost basis for a currency future held at amp trading.

Then there came an extremely rude post by somebody from amp trading that started "XXXX, I'm not surprised you're having problems managing a single lot position..." going on to brag that they report their transactions daily to YYYY and generally implying I was a tiny trader who was crazy. And then he followed with a voluminous spam post carrying on about the virtues of amp, their data feed, and carrying on about their clearing.

I replied, asking the Amp rep to take his condescension elsehwere, while I take my business elsewhere. I then continued that emails at amp went unanswered and their "emergency trade line" hung up on me deliberately. I stated the opinion that amp futures had some real problems and stated the fact that for the past 3 months I'd been trading that account in tandem with an equal sized account with equal positions at Mirus & hadn't had a problem. The correspondence with Mirus was immediate. They offered clearing through RCG which had been in business since 1928 with > $1 billion in client accounts and 10's of millionn in excess assets, compared with amp's in-house clearing with under $1 million in excess assets and $30 million in client accounts.

There followed posts by multiple other posters stating that amp's post & the behavior of their rep was obnoxious, unprofessional, and reprehensible for berating a client in public & giving details of a client's account in a public forum. Those posts stated the opinion the rep should apologize, pay me money for their bad acts, and possibly give me a commission free account for a year (which I would never use, since I no longer trust Amp).

What followed was interesting. My posts concerning sudden shift in position cost basis at amp, my comparison of Amp & Mirrus was removed as were all the other sympathetic posts from other posters. The only post left remaining was amp's voluminous spam post. I was banned from the forum & can not even see it from my IP address any longer.

I emailed the moderator at elitetrader.com concerning what they had done, and here is the response:

"XXXX, Amp is a sponsor and thus is allowed to promote there (sic) firm. Members that interact with amp be it positively or negatively should not be restricted from posting unless they have repeatedly voiced the same opinion and in doing so have not furthered the conversation, and have halted AMP's efforts in reaching out to our members." (emphasis added)

My translation of this is that you are not allowed to interfere with the advertising efforts of a sponsor in their "forum", for example, by relating your actual experience trading with them, or you will be banned from the forum and your posts removed! Heaven forbid that you should actually let a bit of reality interfere with advertising spam in an elitetrader.com forum.

This is like censorship from the USSR before it broke up, only there they put you in the gulag or had you declared insane by a corrupt shrink & shipped off to a psych hospital.

Has anybody else seen anything like this on any other forum?

Started this thread Reply With Quote
The following user says Thank You to sandman for this post:

Can you help answer these questions
from other members on futures io?
Webinar: Finding your own way in trading w/Adam Grimes
The Elite Circle
Second Entry Indicator (Looking for testers/feedback)
NinjaTrader
What blockvolume is visible? - order processing
NinjaTrader
Indicators for pair trading MES and M2K
Platforms and Indicators
MACD line not plotting after change of plot order
NinjaTrader
 
 
(login for full post details)
  #3 (permalink)
Oslo
 
Experience: Advanced
Platform: NinjaTrader
Trading: Forex
 
aediaz1's Avatar
 
Posts: 57 since Apr 2011
Thanks: 20 given, 39 received



sandman View Post
I was posting in a forum over on elitetrader.com concerning a strange experience I had with a sudden spike in my cost basis for a currency future held at amp trading.

Then there came an extremely rude post by somebody from amp trading that started "XXXX, I'm not surprised you're having problems managing a single lot position..." going on to brag that they report their transactions daily to YYYY and generally implying I was a tiny trader who was crazy. And then he followed with a voluminous spam post carrying on about the virtues of amp, their data feed, and carrying on about their clearing.

I replied, asking the Amp rep to take his condescension elsehwere, while I take my business elsewhere. I then continued that emails at amp went unanswered and their "emergency trade line" hung up on me deliberately. I stated the opinion that amp futures had some real problems and stated the fact that for the past 3 months I'd been trading that account in tandem with an equal sized account with equal positions at Mirus & hadn't had a problem. The correspondence with Mirus was immediate. They offered clearing through RCG which had been in business since 1928 with > $1 billion in client accounts and 10's of millionn in excess assets, compared with amp's in-house clearing with under $1 million in excess assets and $30 million in client accounts.

There followed posts by multiple other posters stating that amp's post & the behavior of their rep was obnoxious, unprofessional, and reprehensible for berating a client in public & giving details of a client's account in a public forum. Those posts stated the opinion the rep should apologize, pay me money for their bad acts, and possibly give me a commission free account for a year (which I would never use, since I no longer trust Amp).

What followed was interesting. My posts concerning sudden shift in position cost basis at amp, my comparison of Amp & Mirrus was removed as were all the other sympathetic posts from other posters. The only post left remaining was amp's voluminous spam post. I was banned from the forum & can not even see it from my IP address any longer.

I emailed the moderator at elitetrader.com concerning what they had done, and here is the response:

"XXXX, Amp is a sponsor and thus is allowed to promote there (sic) firm. Members that interact with amp be it positively or negatively should not be restricted from posting unless they have repeatedly voiced the same opinion and in doing so have not furthered the conversation, and have halted AMP's efforts in reaching out to our members." (emphasis added)

My translation of this is that you are not allowed to interfere with the advertising efforts of a sponsor in their "forum", for example, by relating your actual experience trading with them, or you will be banned from the forum and your posts removed! Heaven forbid that you should actually let a bit of reality interfere with advertising spam in an elitetrader.com forum.

This is like censorship from the USSR before it broke up, only there they put you in the gulag or had you declared insane by a corrupt shrink & shipped off to a psych hospital.

Has anybody else seen anything like this on any other forum?

Thank you for taking the time to share your story, I actually considered them a month ago. I have never heard of such rude behavior from a company in a long time! When people like that work for a company, I cannot imagine how potentially poor the rest of the organization is.

I don't expect such a company to exist for a long time as more and more companies start understand the value of satisfied customers (finally!), realizing happy customers = competitive advantage.

Messed up policies on different forums, where the core value is profit and satisfied sponsorship (brokers) makes you value forums like futures.io (formerly BMT) even more.

"We may not be able to control the wind, but we can always adjust our sails"
Follow me on Twitter Reply With Quote
The following user says Thank You to aediaz1 for this post:
 
(login for full post details)
  #4 (permalink)
the coin hunter
virginia
 
Experience: Intermediate
Platform: ninja
Trading: NQ
 
cory's Avatar
 
Posts: 6,030 since Jun 2009
Thanks: 845 given, 7,894 received


sandman View Post
...
I emailed the moderator at elitetrader.com concerning what they had done, and here is the response:

"XXXX, Amp is a sponsor and thus is allowed to promote there (sic) firm. Members that interact with amp be it positively or negatively should not be restricted from posting unless they have repeatedly voiced the same opinion and in doing so have not furthered the conversation, and have halted AMP's efforts in reaching out to our members." (emphasis added)

My translation of this is that you are not allowed to interfere with the advertising efforts of a sponsor in their "forum", for example, by relating your actual experience trading with them, or you will be banned from the forum and your posts removed! Heaven forbid that you should actually let a bit of reality interfere with advertising spam in an elitetrader.com forum.

This is like censorship from the USSR before it broke up, only there they put you in the gulag or had you declared insane by a corrupt shrink & shipped off to a psych hospital.

Has anybody else seen anything like this on any other forum?


Quoting 
unless they have repeatedly voiced the same opinion

I had seen your posts and they repeat the same thing and now you want to repeat it here to.
As far as ' interfere with the advertising' I had personally run 2 sponsors out of town, hazing a sponsor is a tradition to weed out weak sponsor but that doesn't mean you can keep on posting the same thing all the time.

Reply With Quote
 
(login for full post details)
  #5 (permalink)
San Antonio, Texas
 
Experience: Intermediate
Platform: NinjaTrader, MT4
Trading: Currency Futures
 
Posts: 29 since Sep 2011
Thanks: 3 given, 14 received

Actually, they wiped out all the posts over there, the reprehensible post by their sponsor, the posts excoriating the sponsor for that post, my post concerning strange behavior with CQG/Ninja at amp, and the comparison of amp and mirus. Everything BUT Amp's voluminous spam. That remained.

Listen, I don't want to run any sponsor out of anywhere. But i witnessed some questionable behavior at amp & they behaved in an abhorrent fashion on that forum. Their stuff remained, mine was obliterated: 1) Where is the justice in that, 2) that's a story that needs to be told so those considering Amp will go in with their eyes open, or not at all, and 3) the simple fact that forum exists for the sole purpose of serving the advertising needs of their sponsors without allowing any possibility for reality to be seen needs to be public knowledge.

After this episode, I went over to forex peace army to check what other people had to say about elitetrader.com. Their composite evaluation was about the worst I've ever seen, and this policy of not tolerating any criticism of a forum sponsor while allowing copious spam from those sponsors has been seen before by others, in the particular case of Amp Trading. You might say it's a pattern.

https://www.forexpeacearmy.com/public/review/www.elitetrader.com


I added my own evaluation. Is that repetition?

The issue of censorship in favor of commercialism is an orthogonal issue from the basic fact amp trading stinks. You'll find my opinions of Amp & Mirus elsewhere on this board. That is NOT repetition. When elitetrader made the dubious decision to wipe out my posts on that board, it became a separate issue that deserves separate treatment. Maybe when they lose all credibility in the trading community they'll change what they do. One can dream.


If you don't like what I have to say, there's a simple answer, Cory. Just don't read it.

Started this thread Reply With Quote
 
(login for full post details)
  #6 (permalink)
Honolulu, Hawaii
 
Experience: Intermediate
Platform: NinjaTrader
Broker: ATC/TT, AMP/Zen-Fire, AMP/CQG
Trading: TF
 
bluemele's Avatar
 
Posts: 2,547 since Jun 2010
Thanks: 3,803 given, 2,836 received

@sandman,

Message received. Now, let's talk about some trading... Or other fresh issues with AMP.

They do seem to be kind of New York rude, but Chicagoan's are kind of like that... Tough, ya know, like Capone...

Kind of makes it fun to work with them.

Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #7 (permalink)
Site Administrator
Swing Trader
Data Scientist & DevOps
Manta, Ecuador
 
Experience: Advanced
Platform: My own custom solution
Trading: Emini Futures
 
Big Mike's Avatar
 
Posts: 49,785 since Jun 2009
Thanks: 32,314 given, 97,577 received


sandman View Post
If you don't like what I have to say, there's a simple answer, Cory. Just don't read it.

Careful with this -- this type of thinking and attitude/posture in a post is not welcome on futures.io (formerly BMT).

Mike

We're here to help -- just ask

For the best trading education, watch our webinars
Searching for trading reviews? Review this list

Follow us on Twitter, YouTube, and Facebook

Support our community as an Elite Member:
https://futures.io/elite/
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #8 (permalink)
Germany
 
Experience: Intermediate
Platform: Ninjatrader 7
Trading: Stocks
 
Posts: 78 since Apr 2011
Thanks: 36 given, 60 received

Sounds more like the work of capitalism than communism if you ask me.

Anyhow, I've heard some horror stories of AMP on various forums. I won't go into everything here, but I'm glad I decided to seek up some reviews of them before opening an account. Sure, they have the cheapest commissions out there, but it comes at the price of something.

Reply With Quote
 
(login for full post details)
  #9 (permalink)
Orange County
 
 
Posts: 6 since Dec 2012
Thanks: 1 given, 1 received

Hmmmm,
I guess AMP won't be on my list of things to check,....thx

FWIW,
I lurk ET as well,......I really wonder how many posters actually trade,......timestamps submitted suggest a lot of free time on their hands on some of these forums during the trading day,.....just sayin'

Happy New Year to all,....

Still lookin around for a broker / data vendor,..wondering what the heck will happen with the fee structure as of tomorrow,.....TS raising rates,...again,......

Reply With Quote
 
(login for full post details)
  #10 (permalink)
Taipei Taiwan
 
Experience: Advanced
Platform: NinjaTrader
Broker: AMP Clearing
Trading: TW
 
Posts: 693 since Jun 2009
Thanks: 434 given, 464 received



travelboysteve View Post
Hmmmm,
I guess AMP won't be on my list of things to check,....thx

Good idea. I had to close my account with them. Really bad support, unresponsivem and I could not take it closed my account.


travelboysteve View Post
FWIW,
I lurk ET as well,......I really wonder how many posters actually trade,......timestamps submitted suggest a lot of free time on their hands on some of these forums during the trading day,.....just sayin'

Happy New Year to all,....

Still lookin around for a broker / data vendor,..wondering what the heck will happen with the fee structure as of tomorrow,.....TS raising rates,...again,......

I know some people who trade who read ET, but most don't post. Just sayin'

FWIW, Ninja, TT and DDT have worked out well for me ( and @sam028 has great VPS's )

Math. A gateway drug to reality.
Reply With Quote
The following user says Thank You to traderwerks for this post:


futures io Trading Community Traders Hideout > Elitetrader.com Forum versus the Soviet Union before it broke up


Last Updated on December 31, 2013


Upcoming Webinars and Events
 

NinjaTrader Indicator Challenge!

Ongoing
 

Battlestations! Show us your trading desk - $1,500 in prizes!

March
 

Importance of Finding Your Own Way w/Adam Grimes

Elite only
 

Journal Challenge w/Jigsaw

April
     



Copyright © 2021 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts