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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?

  #111 (permalink)
Membership Temporarily Revoked
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wldman View Post
Here is the culture that prevades futures.io (formerly BMT) right now..

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Yep and if you look closer you will see all kind of links too youtube with videos that are not trading related, just songs and video´s about how good they are.

 
  #112 (permalink)
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tderrick's Avatar
 
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My .02 on this subject is ..... I couldn't care less.

I read journals and threads for trading ideas and concepts.

PnL is irrelevant.

If the message is positive and the theory interesting, I will dig further and perhaps toss something in the
tool bag.

You don't like it.

Don't read it.


AJ
Nashville, Tennessee


"Life On The Edge of SR"
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  #113 (permalink)
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Of Course AJ


@tderrick

That is true. However to be an honest platform for debate a community with integrity everything should be viable in reason and based in truth. Shit that appears to be total fabrication without purpose or value should indeed be questioned or limited out by members.

I'm not even going to start in on the idea of protecting the clueless or the gulible.

It goes without saying that no counterparty would choose faulty, vauge or misleading information over truth.

The issue of documentation is a non issue as evidenced by the table posted showing time, price, and partial acct or SIM. It is no issue or no effort for anyone manual posting trades to do that. The only reason the ONLY one reason is to veil or mislead, period.

If the forum ignores that or says don't read it then we acquiesce to a standard that undermines everything else posted here. So while I don't read the bologna, others who do not know better do and they are hurt as a result.

I am reminded of a lesson from a teacher that I respect. T.H.I.N.K before you speak.

T, is it True
H, is it Helpful
I, is it Inspiring
N, is it Necessary
K, is it Kind

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  #114 (permalink)
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SIM TRADERS- Should Disclose

Any "UN-thruthful" post should not be allowed. Posting "sim" results as live cash results is not being honest. However, if the post is disclosed up-front as a "SIM TRADE", why not.

 
  #115 (permalink)
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If members want to post "sim" results as live cash results, its already exists on another form called EliteTrader where you can see members there diving sim Ferrari, living in sim mension with sim model girlfriends.

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  #116 (permalink)
Trading for Fun
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With the current poll result (63% = No) ;
what method will be used to distinguish between SIM or Real Acc ? is this even possible ?
without portfolio tracking website, it would seem very difficult to determine its authenticity, after all people can/will lie.


 
  #117 (permalink)
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Hi, could anyone provide the links to the suspected threads with the offending sim trades in question? How can one tell whether any trade is sim? Almost anything can be doc'ed these days (tax docs, brokerage statements, ids, boobs (sorry I can't resist!).

Thanks in advance.

 
  #118 (permalink)
 Vendor: diversifyportfolio.com 
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torroray View Post
If members want to post "sim" results as live cash results, its already exists on another form called EliteTrader where you can see members there diving sim Ferrari, living in sim mension with sim model girlfriends.

Spot on, and if you read between the lines I suspect this may be close to the reason BigMike created this thread. ie: The integrity and reputation of the forum.

Im sure 90% of futures.io (formerly BMT) users will agree that there is something unique and special about this forum. There are countless other trading forums out there which are filled to the brim with negativity and BS'ing. Every second user claiming to be an expert and hardly any learning going on because everyone is more interested in proving how great they are.

If I was brand new to trading and I came to futures.io (formerly BMT) today, I have no doubt I would immediately be attracted to the very journals being spoken about in this thread. Why? Because it looks so easy. These guys are plotting a few trendlines, circling all the "actual trades" they have taken and clearly making a bucket load of cash every single day. Wow, i've just found the one place where the world's best traders hang out!

But for anyone who actually trades knows, a few typical traits of top traders discretionary traders are:
- humility
- 50 - 60% win rate (As quoted by several prop firm owners)
- A massive focus on psychology (so much so that top prop firms have trading psychologists on staff)

But in some of these journals the win rates are clearly above 80% (lol, yeah right good luck with that), and there is very little if any focus on anything other than posting perfectly marked up charts, after the fact.

This hurts the reputation of futures.io (formerly BMT) and wastes new traders time. It truly is amazing at how so many people are more attracted to following a guru and then acting like they too have become a guru,...instead of focusing on their weaknesses and learning to be a better trader.

Show your losing trades! Dig into your weaknesses! Put in the hard work that is required! Stop insulting the rest of us by acting as if this is easy. I challenge anyone to post your analysis ahead of time,...and forget about these after the fact perfect charts.

Diversification is the only free lunch
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  #119 (permalink)
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DarkPoolTrading View Post
Spot on, and if you read between the lines I suspect this may be close to the reason BigMike created this thread. ie: The integrity and reputation of the forum.

Im sure 90% of futures.io (formerly BMT) users will agree that there is something unique and special about this forum. There are countless other trading forums out there which are filled to the brim with negativity and BS'ing. Every second user claiming to be an expert and hardly any learning going on because everyone is more interested in proving how great they are.

If I was brand new to trading and I came to futures.io (formerly BMT) today, I have no doubt I would immediately be attracted to the very journals being spoken about in this thread. Why? Because it looks so easy. These guys are plotting a few trendlines, circling all the "actual trades" they have taken and clearly making a bucket load of cash every single day. Wow, i've just found the one place where the world's best traders hang out!

But for anyone who actually trades knows, a few typical traits of top traders discretionary traders are:
- humility
- 50 - 60% win rate (As quoted by several prop firm owners)
- A massive focus on psychology (so much so that top prop firms have trading psychologists on staff)

But in some of these journals the win rates are clearly above 80% (lol, yeah right good luck with that), and there is very little if any focus on anything other than posting perfectly marked up charts, after the fact.

This hurts the reputation of futures.io (formerly BMT) and wastes new traders time. It truly is amazing at how so many people are more attracted to following a guru and then acting like they too have become a guru,...instead of focusing on their weaknesses and learning to be a better trader.

Show your losing trades! Dig into your weaknesses! Put in the hard work that is required! Stop insulting the rest of us by acting as if this is easy. I challenge anyone to post your analysis ahead of time,...and forget about these after the fact perfect charts.

+1000

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  #120 (permalink)
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Perhaps an automatic disclaimer should show at the top of every journal that states we should assume all trade results are taken in Sim unless the thread starter explicitly states that a trade was taken in his live cash account. I just think it's a shame we are talking about banning people who post Sim trades in their journals. I just have trouble believing that the forum and many individuals feel it's necessary to save poor innocent newbies from possibly following a Sim trader. The disclaimer will make it obvious.


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