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Should sim traders who pretend to trade cash be allowed on BMT?
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Should sim traders who pretend to trade cash be allowed on BMT?

  #91 (permalink)
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matthoffman View Post
It seems hard to deal with the fake posters, unless you force them to show an actual account page. What about creating a thread that shows how to tell a fake poster using a sim account from a real trader. Or create a secure way of allowing elite members to prove their account to Mike and earn a special degree of trust that other traders can see and use when looking at posts.

I appreciate this discussion, as a newer member of the trading community I've wasted many hours on traders not worth following.

Something along the lines of a "Verified Trader" status. So someone wanting to post cash basis trades or represent their work as live trades would request this status. Everyone else would either refrain from posting trades or be required to designate all of their trades are hypothetical or simulator based.

Be Patient and Trade Smart
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  #92 (permalink)
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Is there any reason why all of these hindsight trades can't be posted in realtime like on other trading forums out of interest?

It takes seconds to post : ''L 1415, 25tick stop''
Usually there's no excuse for price not being within a tick or so of the price you paid once the post has been published.
(In the old days on t2w and in the 'context' futures thread, some posters use to try to cheat by waiting until price moved 10ticks or so in favour of their 'position' and then post the trade! Such games should be easily spotted, though)

If the ego is so fragile, trading mightn't be ideal in the first place.
I've posted hundreds of REALTIME losers! lol

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  #93 (permalink)
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"Buyer Beware"


I think a Journal should specify whether it is SIM or Live. As we know metrics generated in SIM without the full psychological impact of trading included are not representative of what a trading process would achieve.

However, SIM, properly documented, is a key step in developing the metrics for expectancy so it is an important part of the learning process.

If someone is doing it as a self delusional ego boost then they should be forced to disclose it is SIM no matter the reason. In the end there is no way to enforce honesty so on a forum like this "buyer beware."

Tom

Regards,

Tom

Nothing To It But To Do It
 
  #94 (permalink)
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Unless a trader is going for a few ticks and slippage would have a significant impact, I don't care if they are in sim or real. Nor do I care how many contracts they are trading or how much money they make. If their method works it works. Whether or not they can do it live is their own psychological business.

I'm more interested in honesty. When they say something like, "here are my trades for the day" they better be showing ALL their trades. Otherwise they are just dishonest. I don't care how helpful or how nice they are.

It's so easy just to turn on the damned trade fill feature. It takes 5 seconds, max. I've been on forums long enough to see a pattern. The most successful appearing traders are the least likely to show their actual trades, while those who are struggling are most likely to show their actual trades. I am immediately skeptical of anyone who refuses to do this.

My guess is that there just aren't that many traders who are successful enough to man/woman up and show full disclosure.

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  #95 (permalink)
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Tap In View Post
It's so easy just to turn on the damned trade fill feature. It takes 5 seconds, max. I've been on forums long enough to see a pattern. The most successful appearing traders are the least likely to show their actual trades, while those who are struggling are most likely to show their actual trades. I am immediately skeptical of anyone who refuses to do this.

My guess is that there just aren't that many traders who are successful enough to man/woman up and show full disclosure.

Completely agree. Even after so much discussion in this thread, there are still so many "traders" with journals on here who are just circling their "trades". Just turn on the trade fill feature!

It should be simple:
- All journals must show fills
- Any circles drawn on charts are universally known to be trades which the person wanted to take but didn't and is highlighting them for information sake

Yes you would probably see a decrease in the number of journals. But the journals that are left will be the ones that are focused on real learning and developing.

What I find interesting is a lot of these ES scalping journals etc on here make no mention of the psychological aspects of trading. All that is posted is an endless stream of screenshots. Where is the discussion of the psychological pitfalls they're dealing with. As anyone who actually trades knows, it's the psychological side which needs journaling.

Diversification is the only free lunch
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  #96 (permalink)
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Tap In View Post
Unless a trader is going for a few ticks and slippage would have a significant impact, I don't care if they are in sim or real. Nor do I care how many contracts they are trading or how much money they make. If their method works it works. Whether or not they can do it live is their own psychological business.

I'm more interested in honesty. When they say something like, "here are my trades for the day" they better be showing ALL their trades. Otherwise they are just dishonest. I don't care how helpful or how nice they are.

It's so easy just to turn on the damned trade fill feature. It takes 5 seconds, max. I've been on forums long enough to see a pattern. The most successful appearing traders are the least likely to show their actual trades, while those who are struggling are most likely to show their actual trades. I am immediately skeptical of anyone who refuses to do this.

My guess is that there just aren't that many traders who are successful enough to man/woman up and show full disclosure.

This post best sums up the issue. futures.io (formerly BMT) will be a better place if this issue can get resolved.

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  #97 (permalink)
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Totally agree about the plot executions.
A ´´Journal´´ that is only showing winners is totally garbage, you only can learn from your mistakes or losers.

It does not care if it is sim or real money but a picture with the plot executions on is a minimum.
I´am against banning members, I think that is just a too hard punishment but I think that the best way too get rid off all those threads that are entertainment related is just asking if they could turn on plot executions in the future and if they do not do it then just close the thread.

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  #98 (permalink)
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I agree on these points!


Cloudy View Post
Absolutely something should be done Big Mike.(Not for debating any sweeping sim vs. non-sim "rule"; only on the issue of pretending tgtbt sim results as cash ; as journals just begun don't really fit in this; but seeing journals going on over six months or year(s) with (almost) no losers and just wins without fail usually with no platform trade marks, then some hint at outside links maybe youtube or another site, then it gets annoying.) I don't think it quite warrants immediate banning.

But maybe just warnings or closed/locked threads after repeated warnings/complaints then temp-ban/ban if ignored. Yes, those who've been around longer than two or three years at least, have probably seen too-good-to-be-true journals or results.

There was even some results posted using volume profile, then links to another site. Like hitting home runs out of the "ballpark" so many days. After subscribing to the site, it was found the results of said poster on futures.io (formerly BMT) was far far less impressive than those originally posted on futures.io (formerly BMT) on so many days.

Definitely gives the wrong impression to newbies that trading is "so easy" or "with the right way & experience" when the posted results by the individual "showing off" were sim/fake to begin with. And to those continuing on the journey, may add to frustration. If the results were so good, they'd be working at GS,JPM, topstep or a hedge fund already. And.. I think I have a notion of at least an example member you may likely be referring to with this poll question, but I'll just leave it at that.

At least many journalers do say they are on sim as appropriate especially with abnormal leverage used. I remember a journal on using max leverage on each shot, called the "odds of leverage" or something. Kind of a fun one.


we evidently have the same five or six traders / posters / thread starters / avatars / persons in mind...

we evidently reject their pompous boasts of superiority or uncanny ability to nail trades time after time....

we evidently will not ever know, because we have no right to know, nor do we have any legal right to know, nor are we partnered in a business relationship with them, to know whether or not they're real, or fake.

we do believe they're fake!

however, some just might be real, which leaves the other question of why? @wldman asked the same question, and so do I. why. Another trader (who posts very frequently) asked why?, "all to get someone to thank our post?"

I say just make the best of it and whatever is posted.

Dismiss what doesn't seem possible for me personally to achieve by emulating that post

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  #99 (permalink)
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Does it really matter if someone bends the truth? Who does it hurt except the poster?

It’s an anonymous internet forum. Don't tell me that someone might exaggerate their results. Next thing you’ll be telling me that there is no Laundry Fairy and that Politicians lie.

What other traders do and don’t do and what other traders claim they do and don’t do shouldn’t make a rats ass bit of difference to what you do.

We as forum members should be self regulating. If you think some one is BSing you then don’t read their journal.

If you want to impress the crowd, post in real time or as close to real time as possible.

It is hard to find the Truth when you start your search with a preconceived notion of what the Truth will be.
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  #100 (permalink)
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The touchstone should be full disclosure. Simulation results are alright as long as it is clearly identified as a simulation, because we all know that it's not the same as real trading.


Last edited by jodistrict; April 17th, 2014 at 04:14 PM.

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