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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?

  #21 (permalink)
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Big Mike View Post
New poll.



I am talking about sim traders that post charts or posts/threads in a way that they pretend to be trading cash, like trading 10 lots at a time and making "calls" over and over etc etc, but that are instead on sim.

Should these traders be allowed to continue posting on futures.io (formerly BMT)?

Should they be banned?

If you've been a member of the forum for any length of time then you should know that I strongly encourage people to create journals to help them become better traders. But some threads have stopped being about learning and instead become some sort of "showing off" thing where a small number of traders routinely post charts as if they are making big trades on cash, when they are really on sim.

For anyone that believes that sim is the same as cash, obviously I strongly disagree as does everyone I can possibly think of and respect.

So the issue here is what it does to the more rookie traders that fall for those posts, thinking it is "real" when it is not. Those of us that have been around a while can see the BS from far away, but the newer traders can't. They may waste weeks, months, or even years trying to follow someone who seems to be a profitable trader, when in fact they are just on sim and are a huge BS'er.

Thoughts?

Mike

Governing such traders is impossible unless you get confidential info from brokers..... Second I used to think ninja/other platform markers showed winning trades but they can be faked easily....Third a winning trade is a winning trade.....Fourth journals can be more distracting than useful as well.....Fifth recreating indicators that have been around since charting started can be deceiving as well....so in conclusion each find your own method and make it yours I like to see traders make good calls sim real fake lol I dont care because its not really how a trader trades as it how the trader sees and reacts to the trade...and fyi i saw the ES wrong today lost too much then internet locally goes down once it came back live only made up 1/4 losses in RTH--- skit happens move on

 
  #22 (permalink)
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wldman...

0 for 0 to net zero today.

Actual dollars.

Guys with a little experience should be able to pick out the SIM wonders very quickly. The purpose in some kind of segregating or labeling of trades is pretty much to protect people new to trading and to the forum.

I really don't see a way to police that other than to use the first rule of gun safety. Always in every situation consider every trade to be SIM. Would a phony make a fake marginal trade or doctor a chort to create a loser?

All SIM all the time until you can duplicate it on your own, would be the safe assumption.

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  #23 (permalink)
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jsengxx2 View Post
Hi Logicaltrader,

I do not want to pick on you but I just found your journal and if you look at it you can see that trading is not always winning. If you look at mfbreakout´s ´´journal´´, if you can call it a journal, you see that most of the members posting there are doing 100% winners.

Good trading,
JJ

You are mistaken. No one posting over there says that those are the only trades they took. They choose to post trades that best represent their setups. No one said they dont have losers. The thread has always been about sharing setups, patterns that occur repeatedly, information that helps other traders. If you dont like what is shared over there, no one is forcing you to click your mouse and open that page. Just simply dont. And then you are pissed off that he put you on the ignore list?

I guess the mind really sees what it wants to - not just in the charts.

 
  #24 (permalink)
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Big Mike View Post
New poll.



I am talking about sim traders that post charts or posts/threads in a way that they pretend to be trading cash, like trading 10 lots at a time and making "calls" over and over etc etc, but that are instead on sim.

Should these traders be allowed to continue posting on futures.io (formerly BMT)?

Should they be banned?

If you've been a member of the forum for any length of time then you should know that I strongly encourage people to create journals to help them become better traders. But some threads have stopped being about learning and instead become some sort of "showing off" thing where a small number of traders routinely post charts as if they are making big trades on cash, when they are really on sim.

For anyone that believes that sim is the same as cash, obviously I strongly disagree as does everyone I can possibly think of and respect.

So the issue here is what it does to the more rookie traders that fall for those posts, thinking it is "real" when it is not. Those of us that have been around a while can see the BS from far away, but the newer traders can't. They may waste weeks, months, or even years trying to follow someone who seems to be a profitable trader, when in fact they are just on sim and are a huge BS'er.

Thoughts?

Mike

unless I am mistaken, the poll asks the same question in the reverse....

either way to sunday, just like @PandaWarrior said, and btw, he is a very credible, highly believable trader in his own right.

just like @PandaWarrior said, it doesn't matter, however, its about time @mike and others addressed this topic, because we are not all fooled by those fibs being told by all those traders with these incredibly perfect charts and always griping how they missed the perfect calls

wasn't it just a while ago (search box on DTS), another expensive system that's being hawked out there was called out.... for having taken the wealth of free or nearly free (time is capital and a lot of capital was devoted to making these available for download) indicators on futures.io (formerly BMT) and packaging them into his for sale wonder system?

wasn't it just a while ago that we got calls for a significant market drop to occur, only to see the S&P500 spike higher for almost two weeks through a 44 point run higher?, before seeing it drop? in fact, today the S&P500 dropped some -39.10 points to the 1833 range (emini and futures market index will be different from the cash sp500 level).



I say, let them post, whether simulated or live, whether properly disclosed or not.

after all, aren't we all sim traders, until we choose to click the kill-joy button and fire off a sidewinder into that Mig? (fighter jet reference, for those who are a little tired)

after all, aren't we all posting on a forum that is read world wide on the web?, in cyberspace, in a galaxy far, far away?

after all, why say (effectively) to the world, what we wouldn't even mention the Mailman/Woman, or the Gardner, or the Priest, or the Grocery store clerk, or the neighbor (we never saw before)?

after all, who's to say, who is reading these threads and statements?

only our Tax Man knows for sure....
(ok, that was a reference to a hair color product commercial from some (wheee) years ago, for those that just won't ever know)..

let them post.... (uh, eat cake)

 
  #25 (permalink)
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Actual trades


jsengxx2 View Post
Hi Logicaltrader,

I do not want to pick on you but I just found your journal and if you look at it you can see that trading is not always winning. If you look at mfbreakout´s ´´journal´´, if you can call it a journal, you see that most of the members posting there are doing 100% winners.
Good trading,
JJ

JJ,

I post every day in "Trading futures with context" journal. If you look at my previous posts you will certainly see a lot of losers! So much so that another poster ridiculed my trades recently, (he had very cool emoticons though). I can speak for myself, RobRoyRogers and dctrade69 that the trades posted are actual trades. RRR & myself are still in SIM. dctrade69 is trading real money, he is just that good.

I have gone the route of most on this forum, blown up 3 accounts, walked away for a year, kept being drawn back, knew that there had to be a way, purchased programs, bought indicators, etc..... I have been at this since 2000. This is the first time in these 14 years that I am finally getting confidence in trading thanks to the information I find for FREE on futures.io (formerly BMT) and specifically the "Trading Futures with Context" journal. Contrary to what you experience with @mfbreakout's journal, I have found it immensely helpful.

You seem to be on a binge looking for a way to discredit others. You have to ask yourself what good would it do you if everyone on futures.io (formerly BMT) is lying about every trade they post? How is exposing someone else lying going to benefit you or further your trading goals? Instead of focusing so much negative energy on trying to discredit others, spend the time more wisely in pursuit of your trading goals. Just my $.02.

Newt Watson
silver99

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  #26 (permalink)
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I originally wrote a much longer post, but it comes down to this:

I think such grandstanding and dishonesty should be banned, as it just clutters up the forum with noise, like a badly tuned radio. But how do you determine who is faking and who isn't?

I've seen one such person actually post a chart supposedly showing live trades but with chart simulator in Sim mode (none of the followers seemed to notice, and that person is still around). But unless someone makes a similar mistake, what criteria would you use?

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  #27 (permalink)
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silver99 View Post
JJ,

I post every day in "Trading futures with context" journal. If you look at my previous posts you will certainly see a lot of losers! So much so that another poster ridiculed my trades recently, (he had very cool emoticons though). I can speak for myself, RobRoyRogers and dctrade69 that the trades posted are actual trades. RRR & myself are still in SIM. dctrade69 is trading real money, he is just that good.

I have gone the route of most on this forum, blown up 3 accounts, walked away for a year, kept being drawn back, knew that there had to be a way, purchased programs, bought indicators, etc..... I have been at this since 2000. This is the first time in these 14 years that I am finally getting confidence in trading thanks to the information I find for FREE on futures.io (formerly BMT) and specifically the "Trading Futures with Context" journal. Contrary to what you experience with @mfbreakout's journal, I have found it immensely helpful.

You seem to be on a binge looking for a way to discredit others. You have to ask yourself what good would it do you if everyone on futures.io (formerly BMT) is lying about every trade they post? How is exposing someone else lying going to benefit you or further your trading goals? Instead of focusing so much negative energy on trying to discredit others, spend the time more wisely in pursuit of your trading goals. Just my $.02.

Newt Watson
silver99

Hi Silver99,

If you read what I said then you can read ´´ most of the members´´ you high lighted it in red!

If you take a closer look at the thread you will find allot of contradicting information high lighted by mfbreakout and if you have a question you never get a clear answer from him.
But if you like it just keep on following. I just cannot understand why someone is keeping a ´´journal´´ and only is posting winners! Is it not supposed to be that you can learn from your mistakes or maybe he is doing it with a second intention for the future like others have done before, just come here and make a good impression and then beginning for themselves, selling courses or doing trade calling stuff.

Good trading,
JJ

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  #28 (permalink)
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Sim vs Live

As long as the Sim or the Live trader is not pushing the buttons on my software.

IDGARA.

I've traded long enough to not care if someone is pretending to trade live yet is trading sim.
The don't effect my trading and I am not envious of their imaginary profits.

Maybe they will last long enough to actually learn how to trade.
If not, Oh well...

Rejoice in the Thunderstorms of Life . . .
Knowing it's not about Clouds or Wind. . .
But Learning to Dance in the Rain ! ! !
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  #29 (permalink)
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Big Mike View Post
New poll.



I am talking about sim traders that post charts or posts/threads in a way that they pretend to be trading cash, like trading 10 lots at a time and making "calls" over and over etc etc, but that are instead on sim.

Should these traders be allowed to continue posting on futures.io (formerly BMT)?

Should they be banned?

... "showing off" ....

For anyone that believes that sim is the same as cash, obviously I strongly disagree as does everyone I can possibly think of and respect.

So the issue here is what it does to the more rookie traders that fall for those posts, thinking it is "real" when it is not. Those of us that have been around a while can see the BS from far away, but the newer traders can't. They may waste weeks, months, or even years trying to follow someone who seems to be a profitable trader, when in fact they are just on sim and are a huge BS'er.

Thoughts?

1. Seems to me that the true problem is misrepresentation of trades of any type SIM or CASH.
2. Totally agree that SIM is not the same as CASH trading.
3. Wish there were more options on this poll for other actions to be taken.
4. As some have pointed out where to draw the line is not an easy task, and we also would not want to see another law suit like "AMP FUTURES vs BIG MIKE TRADING" from our drawing the line.

Thanks for letting me chime in.
This truly is a great place and I wish that I found it right when I first decided to move from being an investor to being a trader. This site could have saved me thousands of dollars as there are many people that truly do have the answers. The interesting thing is that they are rarely the ones claiming to have them. ;-)

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  #30 (permalink)
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wldman View Post
0 for 0 to net zero today.

Actual dollars.

Guys with a little experience should be able to pick out the SIM wonders very quickly.

Experienced traders know the fake traders, whether they are on sim or live.
The problem is they often steer novice traders in the wrong direction as they
look up to them as being some sort of guru. They paint things too good to be true,
and that's what people gravitate towards for some ingrained reason.

Psychology > Strategy ≥ Money
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