Walk the Walk, traders showing their profits and sim/demo
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Walk the Walk, traders showing their profits and sim/demo
I would absolutely find it amazingly interesting if traders could upload their daily/weekly or monthly profits to a place where they could all be viewed for profitability.
Maybe not actual $'s per se, but more like a trademanager analysis report showing an ACTUAL LIVE OR SIM account and backed up by a brokerage statement or something like that.
Then, next to the persons name, they would get a special title like "Profitable Trader" and it could go in their profile etc..
This would be inspiring to others and would help us all evaluate our performance against the group to see if we are truly doing well or not etc...
Cory uploaded his SIM sheet (although not verified) and something to the effect showing how profitable he was shows his trading style is very effective and one should listen to him etc..
Too often we got 'Advanced' Traders on the boards giving lip service to how it is 'done' and yet these people are not the most honest in their own trading.
Not a requirement, but a fun item that could have prizes etc..? I believe that you would attract larger #'s of people and prove the capability of the group.
There are a lot of tangents on this, but I for one enjoy seeing people who can really trade and watch their posts. I have been in the breakeven stage now for about 8 months and I believe it is a 'stage' and I plan on being over that when my subconcious makes that decision.
This is just an idea, but would love to see it!
The following 2 users say Thank You to bluemele for this post:
Why would someone do that ? Why would anyone post their brokerage accounts online?
Although a nice idea, I think it is a non starter except for those that want to make a buck from teaching others to trade. Those that are successful and don't care about teaching will just spend time trading.
Velocity futures has a leaderboard, you could take a look at that.
The following user says Thank You to traderwerks for this post:
Honestly, I think a better way is for traders to post their entries and exits in realtime journals. It takes less than a minute to do this and beats the hell out of anything posted way after the fact.
For example: B xyz @ ___, S xyz @ ___.
There are some terrific (and lousy) traders doing this on ET each and every day, all day long.
The following user says Thank You to Tundi for this post:
I think journals are great and if traders want to keep a journal I think that is much better ( aztrader9, cuinparis ) and they can post blotters. But I don't think I would want to put up my brokerage statement. I would have to black out personal information every time and I don't think I would be comfortable with posting how much is in my account on the internet for everyone to see ( regardless if it is too large or too small).
The following user says Thank You to traderwerks for this post:
Which brokerage do you use? Typically the DOM will show P&L which doesn't show account balance.
The idea was not to have everyone upload their brokerage statement, but more inline with someone from BigMike's to do it or verify it if at all possible.
I agree that people who have something to sell would be more apt and open for such, however, wouldn't everyone want that if they are truly a great trader to share?
For instance, put up your total points per month profit and maybe Big Mike does a monthly verification. You would have to feel comfortable of releasing the info etc.. Just an idea as maybe that would open Big Mike open to issues/problems etc... I don't know, but I think an interesting concept to have real 'verified' traders and not hocus pocus I am so good listen to me. haha...
Not that it matters, people have a choice, but I know a few years ago when I was new to trading I was listening to guys who were lying lying lying.
The following 2 users say Thank You to bluemele for this post:
Yes, I agree. Unless someone is selling anything, I don't see the point of doing that. As I am not selling anything, I couldn't care less if someone think I am profitable or not or chose to ignore my posts and is definitely not going through all that hassle for an ego boost. Someone not thinking I am profitable and not reading my posts because of that, is not going to affect my bottom line at all.
Frankly, I think people will be a lot more successful if they focus more on their own trading than caring how well (or not) someone else is doing. I have never learned anything that helped me in my trading from looking at someone else's brokerage statement.
I am also not that arrogant to think that I cannot learn something from someone just because they are not profitable. On the other hand, just because someone is profitable, does this make them automatically trustworthy? How do you know they are not telling you half truths, or deliberately steering you in the wrong direction for whatever reason?
