Walk the Walk, traders showing their profits and sim/demo - Traders Hideout | futures io social day trading
futures io futures trading


Walk the Walk, traders showing their profits and sim/demo
Updated: Views / Replies:5,868 / 48
Created: by bluemele Attachments:0

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

Reply
 
Thread Tools Search this Thread
 

Walk the Walk, traders showing their profits and sim/demo

  #31 (permalink)
Senior Member
Fullerton, CA
 
Futures Experience: Intermediate
Platform: NT
Favorite Futures: Futures
 
Tundi's Avatar
 
Posts: 201 since Dec 2010
Thanks: 33 given, 98 received


Fat Tails View Post
I think that there is no value in posting just a P&L.

(1) If you want to manage other people's money, you should have at least audited P&L's over several years.

(2) If you are a vendor and want to sell your system, you do not need them anyhow, because people will purchase your product based on other criteria. Also it would be easy to cheat. The only honest procedure that I can imagine would be

- to publish a strategy
- to show all trades in real-time in application of that strategy
- to produce a P&L summary for these trades

But then you have already given away what you want to sell.

Most developers on Collective2 broadly describe, but don't publish, their strategy per se. Collective2 takes care of the posting of trades and PnL. That may not be satisfactory to people who insist on real money, not sim, trades taken by the developer, but the workings of Collective2 seem to fit your criteria in (2).

Reply With Quote
The following user says Thank You to Tundi for this post:
 
  #32 (permalink)
Elite Member
CA
 
Futures Experience: Master
Platform: Marketdelta and Ninja
Broker/Data: Velocity
Favorite Futures: NQ
 
Posts: 670 since Apr 2010
Thanks: 64 given, 521 received

I tried putting my system on there, i can confidently say that that site is mainly bogus( unless your not day trading, meaning your holding a swing position, which in that case those system might actually work).

I can't tell you how many times i put in an order, and it never registered on their site. Then when i exit, it sends a sell order..

It took collective2 at least 2 weeks to respond when i told them that this happened.

Reply With Quote
 
  #33 (permalink)
Elite Member
Honolulu, Hawaii
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: ATC/TT, AMP/Zen-Fire, AMP/CQG
Favorite Futures: TF
 
bluemele's Avatar
 
Posts: 2,547 since Jun 2010
Thanks: 3,806 given, 2,826 received


I also get a lot of 'everything is here on Big Mikes'. Well, to save people from Vendors who are super human traders supposedly doing X $ of profit then if they saw traders actually doing it on Big Mike's it sure becomes a lot more believable.

For instance, I am new to trading, this is my first time entering a forum. Wow! Michael H. is so profitable! Wow! He is legit and real and now I can feel it. It is transparent to me that I can do what these guys are doing and voila, given the right amount of effort and dedication then I can become a very good trader like him.

Or,

Well, which of these guys are actually right? Are they all right... hmmm. Maybe I should just go to a Vendor as they seem to be so profitable and the comments on the website are great! Or this Vendor, hmmm, which vendor should I choose!

----

I would prefer they spend time developing themselves as traders then decide if they want a vendor etc.. But, my preference isn't important. Just trying to help, not hurt.

Reply With Quote
 
  #34 (permalink)
Elite Member
Honolulu, Hawaii
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: ATC/TT, AMP/Zen-Fire, AMP/CQG
Favorite Futures: TF
 
bluemele's Avatar
 
Posts: 2,547 since Jun 2010
Thanks: 3,806 given, 2,826 received


Michael.H View Post
I tried putting my system on there, i can confidently say that that site is mainly bogus( unless your not day trading, meaning your holding a swing position, which in that case those system might actually work).

I can't tell you how many times i put in an order, and it never registered on their site. Then when i exit, it sends a sell order..

It took collective2 at least 2 weeks to respond when i told them that this happened.

Yup... It doesn't work correctly.

Neither does zulutrade or any of the other web collaborative trading environments..... At least not yet.

PAMM or LAMM are the only effective trading methods that I have seen actually bring profit to my wallet. Maybe that will change in a few years as technology gets better with safeguards etc..

But, again the focus was to have credibility through the forum. Seems like a bad idea as so many are so outspoken about proving profitability. I guess that is the eternal confusion for me of why people resist transparency in politics, relationships, health etc...

Life goes on...

Reply With Quote
 
  #35 (permalink)
Senior Member
Fullerton, CA
 
Futures Experience: Intermediate
Platform: NT
Favorite Futures: Futures
 
Tundi's Avatar
 
Posts: 201 since Dec 2010
Thanks: 33 given, 98 received


Michael.H View Post
I tried putting my system on there, i can confidently say that that site is mainly bogus( unless your not day trading, meaning your holding a swing position, which in that case those system might actually work).

I can't tell you how many times i put in an order, and it never registered on their site. Then when i exit, it sends a sell order..

It took collective2 at least 2 weeks to respond when i told them that this happened.

Your experience and observations are legit. Nonetheless, it is one of the bigger marketplaces for system shopping. Replicating short term day trades is not doable unless the subscriber has access to the developer's software or server residing at the broker.

Any developer seriously considering this type of service should also check out Attain and Striker.

Reply With Quote
 
  #36 (permalink)
Elite Member
Philly, Pa
 
Futures Experience: Master
Platform: NinjaTrader
Favorite Futures: ES, ZB
 
tigertrader's Avatar
 
Posts: 5,948 since Jul 2010
Thanks: 6,314 given, 31,870 received

Personally, I could care less if Fat Tails, Gomi, Big Mike, or anyone else, makes money or not; as long as they bring something of value to the table. If you need to see other people's success to inspire your own success, then it means you are motivated by envy, and not self-fulfillment. It also means, you probably won't succeed.


Last edited by tigertrader; December 30th, 2010 at 06:42 PM.
Reply With Quote
The following 6 users say Thank You to tigertrader for this post:
 
  #37 (permalink)
Elite Member
Honolulu, Hawaii
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: ATC/TT, AMP/Zen-Fire, AMP/CQG
Favorite Futures: TF
 
bluemele's Avatar
 
Posts: 2,547 since Jun 2010
Thanks: 3,806 given, 2,826 received


tigertrader View Post
Personally, I could care less if Fat Tails, Gomi, Big Mike, or anyone else, makes money or not; as long as they bring something of value to the table. If you need to see other people's success to inspire your own success, then it means you are motivated by envy, and not self-fulfillment. It also means, you are not going to succeed.

Thanks. Gosh, comments like "It also means, you are not going to succeed."

Wow... I see you have made up your mind and decided who will and won't be successful doing things in life.

I believe trading is like just about everything. Yes, if you compete with everyone else, all the time you will end up empty inside no doubt, but that doesn't mean you will end up with an empty checkbook. Not that I am promoting either.

I disagree with you immensely when you say that by looking at others is only working off of ENVY. I honestly don't think you are understanding the point or you would not say that, but I have written plenty so I am not the best writer or explainer of my ideas, so I give up.

I have made millions of $'s a couple of times in my life. Each time, EGO based and competing with others and always having to have others show me the way. However, without those examples, then I would not have had the vision to create that wealth on my own. I would have had the same vision as I ate and drank the same 'medicine' that society handed me readily available.

I do believe not everyone has the same innate abilities and some require more leading, while others are good at starting and others finishing and even others with just the vision.

Look back at your post and I think you MAY find it 'limiting' in how you believe or perceive others and their abilities. But, I do appreciate your perspective as it is always good to see as many as you can to understand things a bit better. I applaud you for chiming in and thanks.

Good advice is always good advice, but to me, I listen only to people who have done it. (That is ONLY ME or MY OPINION)

Reply With Quote
 
  #38 (permalink)
Membership Permanently Revoked
 
Futures Experience: Intermediate
 
Posts: 1,176 since Nov 2009
Thanks: 221 given, 844 received

I think when people say that everything is here on futures.io (formerly BMT) they are referring to indicators that you are being charged hundred if not thousands for by some vendors... that has always been my understanding. At the same time, there is a lot of knowledge on the threads, one just has to spend some time reading and making the determination if it adds value or not... eventually one realizes there is no magic indicator, but only understanding the markets and their constituents is what grants you success..

Also, how would someone else's being profitable help you, if that person was not to teach you or even guide you? if he decided to guide you, does that mean you will succeed as well? Why do you need to know others can succeed for you to succeed? I think that a master can teach a disciple, and that does not mean that disciple will become a master himself.. therefore, success from one person might not mean success to the other...

on another point; one doesnt have to loose thousands to learn to trade.. one just need to find the right instrument on which to trade that his/her circumstances permit it.. I am still a firm believer that Sim trading teaches very little... you can take $30K and day trade equities risking $100 per day max loss and learn to trade that way, and then migrate to futures... or pick forex and work with micro lots... again, until you know how to trade.. IMO sim and real money are two completely different states of minds.. and there is no way to avoid your internal compass from knowing one has no impact and the other one does.

FatTails... I am skeptical about game theory applying to futures when the players are that many... hard to achieve any equilibrium.. specially Nash's, given one doesnt always know the strategy of others so it can be taken into account.. just my 2 cents.

Lastly; in this age of photoshop... one can post any tax returns or account statements showing amazing returns.. heck, one can even have a site coded that will replicate an account management platform from one of the FCM's and alter one's record for show... so caveat emptor... none of those things mean much in the end.


bluemele View Post
I also get a lot of 'everything is here on Big Mikes'. Well, to save people from Vendors who are super human traders supposedly doing X $ of profit then if they saw traders actually doing it on Big Mike's it sure becomes a lot more believable.

For instance, I am new to trading, this is my first time entering a forum. Wow! Michael H. is so profitable! Wow! He is legit and real and now I can feel it. It is transparent to me that I can do what these guys are doing and voila, given the right amount of effort and dedication then I can become a very good trader like him.

Or,

Well, which of these guys are actually right? Are they all right... hmmm. Maybe I should just go to a Vendor as they seem to be so profitable and the comments on the website are great! Or this Vendor, hmmm, which vendor should I choose!

----

I would prefer they spend time developing themselves as traders then decide if they want a vendor etc.. But, my preference isn't important. Just trying to help, not hurt.


Reply With Quote
The following 2 users say Thank You to sysot1t for this post:
 
  #39 (permalink)
Membership Permanently Revoked
 
Futures Experience: Intermediate
 
Posts: 1,176 since Nov 2009
Thanks: 221 given, 844 received


bluemele View Post
Good advice is always good advice, but to me, I listen only to people who have done it. (That is ONLY ME or MY OPINION)

I agree with that point of view... it is always best to learn from someone with experience on the subject... the trick comes in being able to evaluate correctly that experience...

Reply With Quote
 
  #40 (permalink)
Market Wizard
virginia
 
Futures Experience: Intermediate
Platform: ninja
Favorite Futures: ES
 
cory's Avatar
 
Posts: 5,216 since Jun 2009
Thanks: 628 given, 6,314 received
Forum Reputation: Legendary



cory View Post
I will do one better. By end of year I will upload live performance that my student trades for me and what not

didn't know that performance report tied the machine that does the actual trades this will have to do for now
Forums - balance

Reply With Quote

Reply



futures io > > > Walk the Walk, traders showing their profits and sim/demo

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
Walk Forward Experiment Silver Dragon Elite Automated Trading 327 September 9th, 2012 12:56 AM
Walk Forward Optimization - memory consumption Mondrakete NinjaTrader Programming 2 September 7th, 2011 06:04 PM
Bernanke to Walk a Fine Line on Inflation, Growth Quick Summary News and Current Events 0 June 22nd, 2011 07:30 AM
Random Walk charting and tick data Big Mike Traders Hideout 3 April 4th, 2010 12:30 PM
Walk Forward caprica NinjaTrader 4 August 31st, 2009 06:51 PM


All times are GMT -4. The time now is 01:49 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 2017-12-13 in 0.16 seconds with 19 queries on phoenix via your IP 54.92.201.232