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:19,492 / 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 – 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 don’t 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?

  #31 (permalink)
Elite Member
Chicago Illinois USA
 
Futures Experience: Advanced
Platform: Ninja Trader
Broker/Data: IB
Favorite Futures: duh hammer!
 
wldman's Avatar
 
Posts: 2,063 since Aug 2011
Thanks: 967 given, 2,617 received

Agree...

everyone comes here for a reason.

I really do not like to post trades very much...though I have done it and will from time to time. Usually, when I do that now it is in response to a PM or other contact. In the past it is to attract specific assistence in an area where others have strengths that I do not.

There was a thread that discussed trades with charts being posted automatically. No mystery at all why folks don't use that is there? I though about trying to get automated enough to try it because in doing so I would be able to revist each trade and think about it in context. What I'd need is a semi automated strategy where a window popped up asking, is this a good do Dan? A discretionary guy trying to automate is even worse than a method gut trying to do it. So, even if I could get help to make that happen, I have no desire at all for the inquiry that it would bring. But it would be the best way to "journal" in that it is authentic and real time.

A guy that used that code to ship all his trades real time with chart could still be "SIM", but sim in the most legitimate and valuable sense...imo.

So there is an issue with SIM heros and with actual trades being over represented or mis represented. So, why is noboy using that script and posting real time live trades with chart? That would be 100 times easier than trying to screencast a pic with notes. The answer I believe is that serious traders making bank just dont have the time or the reason to do it.

I would love to see just one guy do it for a week.

The following 5 users say Thank You to wldman for this post:
 
  #32 (permalink)
Market Wizard
Sarasota FL
 
Futures Experience: Intermediate
Platform: NinjaTrader, Sierra Chart
Favorite Futures: ES
 
Posts: 3,632 since Jan 2013
Thanks: 26,738 given, 11,106 received
Forum Reputation: Legendary

If the people who frequently post trades will decide to disclose whether they are posting sim or live trades, and why they are posting if in sim, it may become more the expected norm, which could go at least some way toward solving the problem.

Case in point, @Tasker_182 recently posted a sim trade, ( https://futures.io/elite-trading-journals/30600-alpha-trading-method-ninjatrader...eman-114.html#post402172 -- scroll to the bottom) and identified it as such, for the purpose of illustrating an application of a technical method, which is totally legitimate.

If more posters did this, there would be fewer questionable postings, and much less danger of new traders becoming confused about what is live and what is simulated, and what the difference is.

Bob.

The following 2 users say Thank You to bobwest for this post:
 
  #33 (permalink)
Elite Member
Philadelphia
 
Futures Experience: None
Platform: corded black telephone
Favorite Futures: ticker tape
 
Itchymoku's Avatar
 
Posts: 2,892 since Apr 2012
Thanks: 1,681 given, 3,621 received


I think it's good etiquette to post trades before taking them or soon there after because everyone has the same data and can see if the trades worked out or not. Regardless if you trade sim or cash people can still learn from this type of posting.

If someone is trading really short time frames and thinks they don't have time to post while trading then they should at least make a quick call if they plan on posting a chart later. This is especially for people who have a large following or know for a fact that other people with cash are trading based on their system on the assumption that they themselves have a viable approach.


Last edited by Itchymoku; April 11th, 2014 at 12:05 AM.
 
  #34 (permalink)
Elite Member
Chicago, IL
 
Futures Experience: Advanced
Platform: Ninja
Broker/Data: Ninja
Favorite Futures: ES, Ym, NQ, VTI, SPY, VXUS
 
Posts: 172 since Jan 2013
Thanks: 797 given, 301 received

I could care less if it is sim or cash...just interested in the method. I enjoy mfb and Jd (alpha) but I take what they and others say with a grain of salt.

Trading performance is about you and how you execute in the heat of the moment. A quote from mike Tyson..."everyone has a plan until they get punched in the mouth"

I have known many million dollar traders over the years. They don't do a whole lot of talking. Maybe it is a Chicago thing......and when they did there talking it was about the losers.....not the winners.

The Market is Smarter than You Are
The following 3 users say Thank You to tflanner for this post:
 
  #35 (permalink)
Elite Member
boston
 
Futures Experience: Intermediate
Platform: ninja
Favorite Futures: es
 
Posts: 75 since Mar 2013
Thanks: 14 given, 57 received

I have personally met with MFB in the Greater Boston area - and I confirm that he is indeed an honest individual. He always said that he has losers but he is not showing them on the journal. Trading and logging info is not easy and time consuming.

Further more...MFB is a relatively conservative guy when it comes to trading. He is down to earth, a kind person, and always enjoys helping other people.

I have met MANY Snake Oil sales people in this industry (unfortunately this is the natural path of development for every new trader) - with "age" I have learned to decipher / filter and see who is the real deal.

READ MFB's journal carefully - just recently he admitted that he is NOT ready for other instruments and that he doesn't take major risks due to not having "deep pockets" as other major traders out there - now if that's not humility - I do not know what is

Even if MFB or someone else showed you their Winners +Losers with a system that has an 80% positive probability - that doesn't mean you can trade it successfully - it may not meet your trading style/personality and you will "F$^&*%^" it up (Pardon the language)

My 2C
Steven

NOTICE: I have all the affiliations with MFB to take money out of your pockets into ours....just kidding (Got to love all them notices about "Trading is for training purposes only and you are at risk of losing all your money"..haha




LogicalTrader View Post
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.


The following user says Thank You to ziggy123 for this post:
 
  #36 (permalink)
Elite Member
boston
 
Futures Experience: Intermediate
Platform: ninja
Favorite Futures: es
 
Posts: 75 since Mar 2013
Thanks: 14 given, 57 received

Jseng,

If MFB was selling something as a vendor- then i would agree a 100% with you - but you should be thankful for the "bread crumbs" that MFB is feeding you

Steven



jsengxx2 View Post
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


 
  #37 (permalink)
Elite Member
Memphis, Tennessee
 
Futures Experience: None
Platform: NinjaTrader
Favorite Futures: ES, EUR/USD
 
deltason's Avatar
 
Posts: 133 since Jul 2009
Thanks: 1,552 given, 118 received

If you somehow know someone is faking their trades, is it your responsibility to inform other forum members?

The following user says Thank You to deltason for this post:
 
  #38 (permalink)
Elite Member
Bay Area California
 
Futures Experience: None
Platform: TT T4
Favorite Futures: Futures
 
Posts: 719 since Nov 2011
Thanks: 633 given, 740 received

Dishonesty should not be tolerated.
Is tolerating dishonesty not inherently dishonest?

"If I agreed with you, we'd both be wrong."
The following 2 users say Thank You to addchild for this post:
 
  #39 (permalink)
Elite Member
Melbourne, Victoria, Australia
 
Futures Experience: None
Platform: TWS, NinjaTrader
Broker/Data: numerous
Favorite Futures: index and currency futures, stocks, options, warrants
 
kickmic's Avatar
 
Posts: 265 since May 2011
Thanks: 42 given, 336 received


DarkPoolTrading View Post

The learning comes from the mistakes.

Actually it comes from both. Well executed trades (regardless of P&L result) when reviewed reinforce what you should be doing. IMO too many traders starting out are focusing on NOT doing this, that and whatever else... and end up with a list longer than their arm of what not to do. I think it is effective to focus attention on repeating what is working.

The following 4 users say Thank You to kickmic for this post:
 
  #40 (permalink)
Elite Member
Birmingham UK
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: IG/eSignal
Favorite Futures: Dax
 
ratfink's Avatar
 
Posts: 3,336 since Dec 2012
Thanks: 11,276 given, 7,090 received



deltason View Post
If you somehow know someone is faking their trades, is it your responsibility to inform other forum members?

Yep. If it's fake it's fake. If it's for illustration and education purposes then that's fine so long as it says so on the tin. If not, then a friendly call-out or hint is needed first, maybe something stronger later, as we all know what internet flame wars are like (and will get much worse if hairy bear resumes.)


addchild View Post
Dishonesty should not be tolerated.
Is tolerating dishonesty not inherently dishonest?

Yep. There are many good reasons why golf cards get checked - but the most important reason of all is that at the end of the day the only person that gets fooled by posting a fake card is the player.

The poll was easy to answer, I don't actually see how anybody could have sanely clicked 'Yes' - the important word was Pretend.

That said, I am also happy to say that I have learned a lot from the thread mentioned, but that is what it is - a thread, not a journal, and should be clearly treated as such, otherwise we all get fooled and suffer accordingly.

Travel Well

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)

Linda Bradford Raschke: Reading The Tape

Elite only

Adam Grimes: TBA

Elite only

NinjaTrader: TBA

January

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 07:48 AM.

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 2017-12-11 in 0.16 seconds with 20 queries on phoenix via your IP 54.226.132.197