Should sim traders who pretend to trade cash be allowed on BMT? - Traders Hideout | futures io social day trading
futures io futures trading


Should sim traders who pretend to trade cash be allowed on BMT?
Updated: Views / Replies:20,462 / 203
Created: by Big Mike Attachments:2

Welcome to futures io.

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

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

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

Closed Thread
 2  
 
Thread Tools Search this Thread
 

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

  #201 (permalink)
Elite Member
Quebec
 
Futures Experience: Intermediate
Platform: NinjaTrader wt Rancho Dinero's profiling tools
Broker/Data: Stage 5 trading/AMP/CQG
Favorite Futures: ES, NQ, YM
 
trendisyourfriend's Avatar
 
Posts: 3,697 since Oct 2009
Thanks: 3,041 given, 4,496 received


bobwest View Post
The lesson is that anything can be faked, as @Big Mike has said, and nothing can truly be verified.

So the problem, which is definitely the integrity of the forum, is up to the attitudes and the culture of the members. A culture of honesty and sharing real information is one of the best things about this forum, and cannot be lost without harming everyone.

Unfortunately, I have no more practical ideas than that, but I think this thread may be helping; it's at least raising the issue and getting it discussed.

Bob.

I like your post. How to foster integrity? Maybe Mike should intervene more often and enforce simple rules in the journal section in the same way he intervenes with vendors. A journal is not a place to show off or post trading ideas even less a place to teach people how to trade. Presently, it is a mixture of many things and maybe the reason why some use this section as a place to avoid being socially isolated as a trader at home.

The following 2 users say Thank You to trendisyourfriend for this post:
 
  #202 (permalink)
Elite Member
Norwich, UK
 
Futures Experience: Beginner
Platform: Multiple:research&executi
Broker/Data: Started with Stage5/OEC ... multiple
Favorite Futures: Anything found profitable goes ...
 
andby's Avatar
 
Posts: 141 since Jul 2012
Thanks: 82 given, 55 received


trendisyourfriend View Post
I like your post. How to foster integrity? Maybe Mike should intervene more often and enforce simple rules in the journal section in the same way he intervenes with vendors. A journal is not a place to show off or post trading ideas even less a place to teach people how to trade. Presently, it is a mixture of many things and maybe the reason why some use this section as a place to avoid being socially isolated as a trader at home.

Leaving aside the question of real vs sim, I would add that a journal is first written for the benefit of it's author through the eyes and critique of those who read and comment on it. So, if someone really strikes only winners each and every day, they should not need to post a journal after all, if everything is shiny and blossom; as they don't need to learn anything new. And even if that's the case, and they're such a rock star, we all know that they won't provide anybody much value just by posting those trades, but rather they'll mislead a lot of newbies. So, I don't see much of a difference in value added between someone who just posts sim/real shiny and winning only trades and someone offering a weekend long $25K trading crash course to naives, other than perhaps the former is not such expensive

At a very least, I think a scoring mechanism that gives a "usefulness"/"trustworthiness" mark to such journals would be welcomed; after all, the reader needs to learn something useful as well from such journals.

 
  #203 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,240 since Jun 2009
Thanks: 29,351 given, 83,223 received



andby View Post
At a very least, I think a scoring mechanism that gives a "usefulness"/"trustworthiness" mark to such journals would be welcomed; after all, the reader needs to learn something useful as well from such journals.

We have the 'Thanks' button already. It's basically the same as +1 or a positive up vote.

I have considered negative options (down votes, thumbs down, dislike, etc) in the past and came to the conclusion it sets the wrong tone for the site and will create far more problems than it will solve. So I am not interested in implementing any type of mechanism where people could "down vote" certain material at this time.

The followers of those threads already "Thank" them, and I know that the others that either don't read the threads or think they are BS or whatever simply don't "Thank" them. I realize it is unbalanced, but like I said above I don't want to reinforce negativity by having a down vote option.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

The following user says Thank You to Big Mike for this post:
 
  #204 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,240 since Jun 2009
Thanks: 29,351 given, 83,223 received

I believe this thread has mostly run its course. I hope that it has educated some and I also hope it has made those who are purposely deceiving reconsider.

I was not happy to see people mention names in the thread. For this reason, I am closing the thread as of this post.

I appreciate all the positive and well thought out responses the thread received from those who have the best intentions at heart for the site.

Thank you,

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

The following 8 users say Thank You to Big Mike for this post:

Closed Thread



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

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Jigsaw Trading: TBA

Elite only

FuturesTrader71: TBA

Elite only

NinjaTrader: TBA

Jan 18

RandBots: TBA

Jan 23

GFF Brokers & CME Group: Futures & Bitcoin

Elite only

Adam Grimes: TBA

Elite only

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Real traders or just SIM traders? patidar Traders Hideout 13 February 5th, 2014 09:02 PM
Our "Let's Pretend" Economy: Let's Pretend "Job Growth Is Best Since 2006" kbit News and Current Events 0 March 9th, 2012 03:15 PM
SIM to LIVE trading for traders with history greenr Psychology and Money Management 14 December 15th, 2011 11:07 AM
Sim Trading vs. Cash Trading Big Mike Psychology and Money Management 18 June 10th, 2010 12:12 AM
Introduction: Sim trading S&P with Ninja traders SOM123 Traders Hideout 5 December 13th, 2009 11:27 AM


All times are GMT -4. The time now is 05:07 PM.

Copyright © 2017 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
Page generated 2017-12-13 in 0.09 seconds with 20 queries on phoenix via your IP 54.90.92.204