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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?

  #121 (permalink)
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I think we (I)..


Thxo View Post
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.


need to be clear.

SIM results noted as SIM results are not the target or the problem here. For some guys using SIM is important to making them feel good about their ideas before taking risk.

To be an authentic venue it is important that SIM is noted as such and that live risk trades are noted as well.

The bullshit that needs to be promulgated out is anything where the member posting it refuses to disclose in a reasonable and somewhat verifiable manner.

I count among my friends guys whose names you all know...the ones on TV, the ones that books are written about...some real legendary guys, masters of the game. When I see guys on futures.io (formerly BMT) consistently SMASH the results of the best traders in the world it exposes their naivete and their blatent bullshit. Guys who know, know...it is that simple. For example siting Gann and posting geometric patterns on charts that do not have square scaling is like selling tickets to a reverse waterfall. Now, I can not deny the existence of a reverse waterfall, but I will bet against it 100 out of 100 times.

It is nothing for a guy that wants to post trades to show a table of the executions with partial acct number. SIM or real, every claim, to be authentic, should include that.

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  #122 (permalink)
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  #123 (permalink)
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Does this not depend on the context on which the trades are shown? Not allowing sim traders on futures.io (formerly BMT)?? Whats the point? The poll question is not worded very well. If you are talking about dudes who are trying to vend something without declaring the basis of their results then ok but this was not the poll question..
When it comes to buying an indi or strat then the onus is on the buyer, is it not? And given the vast number of dodgy guys peddling this and that in the trading world you would want to have your head examined before parting with big sums of money without doing a proper due dill.. If you cant do one then you shouldn't be too bothered if it doesn't work out.

Ban this and ban that... gosh we are getting very precious aren't we??!!!

 
  #124 (permalink)
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No


Bosch777 View Post
Does this not depend on the context on which the trades are shown? Not allowing sim traders on futures.io (formerly BMT)?? Whats the point? The poll question is not worded very well. If you are talking about dudes who are trying to vend something without declaring the basis of their results then ok but this was not the poll question..
When it comes to buying an indi or strat then the onus is on the buyer, is it not? And given the vast number of dodgy guys peddling this and that in the trading world you would want to have your head examined before parting with big sums of money without doing a proper due dill.. If you cant do one then you shouldn't be too bothered if it doesn't work out.

Ban this and ban that... gosh we are getting very precious aren't we??!!!

You are missing the point. Not ban SIM...ban any intentional continuous misrepresentation. OR Require a simple step to be included with any trade claim. That is basic and simple.

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  #125 (permalink)
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More musings on the subject:

1) Some posters have said,, "who cares? How does it effect your trading? Just ignore them and move on!" or something to that effect. They completely miss the point. It's about the quality of the futures.io (formerly BMT) product. I like futures.io (formerly BMT), I paid for it. It's the only forum on the net that I would pay for. I want to see it go on for a long time. A proliferation of hucksters and charlatans dilutes the quality and threatens the product that adds value to my life. Just like I want to see my favorite restaurant maintain its quality and succeed, so I want to see futures.io (formerly BMT) do the same.

2) There is nothing wrong with posting in sim. There is nothing wrong with posting in sim without disclosing you are in sim. Results are results, sim or not. There IS something wrong with posting in sim and trying to pass if off as if you are trading live. That's lying and that's wrong.

3) If a trader is talking theory and circling or pointing arrows at a bunch of areas and saying to the effect, "here are some trade possibilities", and they are not claiming trades, there is no need to turn on the trade plotting feature.

But as soon as a trader claims to be taking trades they better be ready to show ALL of their results, not just the trade of the moment. None of this b.s. of becoming incredulous when someone has the temerity to question their results. This should not be tolerated and they should be called out.

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  #126 (permalink)
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I am not interested in a "negative" or "down vote" option. I've explored it before and came to the conclusion that it encourages the wrong type of behavior and would create more problems than it solves.

I'm reading all the posts and will consider other options. I also hope that the very existence of this thread is enough to get the people who know they are lying and deceiving intentionally to stop doing so.

Mike

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  #127 (permalink)
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I agree with ...


Tap In View Post
More musings on the subject:

1) Some posters have said,, "who cares? How does it effect your trading? Just ignore them and move on!" or something to that effect. They completely miss the point. It's about the quality of the futures.io (formerly BMT) product. I like futures.io (formerly BMT), I paid for it. It's the only forum on the net that I would pay for. I want to see it go on for a long time. A proliferation of hucksters and charlatans dilutes the quality and threatens the product that adds value to my life. Just like I want to see my favorite restaurant maintain its quality and succeed, so I want to see futures.io (formerly BMT) do the same.

2) There is nothing wrong with posting in sim. There is nothing wrong with posting in sim without disclosing you are in sim. Results are results, sim or not. There IS something wrong with posting in sim and trying to pass if off as if you are trading live. That's lying and that's wrong.

3) If a trader is talking theory and circling or pointing arrows at a bunch of areas and saying to the effect, "here are some trade possibilities", and they are not claiming trades, there is no need to turn on the trade plotting feature.

But as soon as a trader claims to be taking trades they better be ready to show ALL of their results, not just the trade of the moment. None of this b.s. of becoming incredulous when someone has the temerity to question their results. This should not be tolerated and they should be called out.

#1 and #3

SIM trades should be marked as SIM trades because there is a huge difference between theoretical trades and risk that will tear your balls off. How people respond IS totally different. This is the major reason why, imo SIM is a waste of time...for me

That IS to say if you are trading SIM and want to post it should be requisite to note as such.

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  #128 (permalink)
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Agreed...

@Big Mike

I believe that the "doubtful" button was tounge in cheek, but correct we should avoid any divisiveness or items more likely to produce pointless disagreements.

 
  #129 (permalink)
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Just for clarification (for me)

1) So are we saying that some journal posters claim they did a live cash trade when in fact they did a Sim trade (outright lying)? How do we know that?

2) Or is the problem that some posters don't say one way or the other (sim or live) and there is a concern that naive newbies assume the trades are all live cash?

3) Or is the problem that posters should always show their losing trades in their journal too and by not posting losers that is a form of dishonesty?

4) Is it safe to say that folks posting journals can post their sim trades as long as the journal states it is a sim trade? Or is there an effort to not allow any sim trades in journals?

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  #130 (permalink)
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It is clear ...


that there is an incredible amount of dishonesty and misrepresentation. I think the intended focus of the initial question was asking if we should root out dishonest posts that's all. Not attack on SIM or doubting live trades...simply seeking a way to restore and maintain a high degree of integrity for the forum, really as it relates to all dialogue.

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