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How I Trade For a Living
Started:August 30th, 2016 (10:48 AM) by rocksolid68 Views / Replies:49,384 / 662
Last Reply:November 7th, 2016 (02:55 PM) Attachments:94

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How I Trade For a Living

Old November 2nd, 2016, 01:43 PM   #491 (permalink)
Elite Member
Los Angeles, CA
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: NinjaTrader Brokerage
Favorite Futures: YM
 
Posts: 83 since Dec 2011
Thanks: 192 given, 124 received


IzhakHaim View Post
If Alex was banned, how he was able to log in here and read the posts on FIO in real time this morning in the room???

You can read them as a guest.
This is not elite subforum, but a public one.

     

Old November 2nd, 2016, 01:47 PM   #492 (permalink)
Elite Member
Boise, Idaho
 
Futures Experience: Advanced
Platform: Sierra Charts
Broker/Data: IB
Favorite Futures: TF
 
Posts: 19 since Sep 2014
Thanks: 6 given, 27 received

Trust but verify.

I have watched many show up here looking for a quick answer and a strong leader who "always" has the answer. I have watched the old hands and Big Mike be patient but I have seen some who have filled their ears with cotton.

Louis Rukeyser used to say on 'Wall Street Week' "there are two kinds of people in this business, those that are wrong and those that are liars".

     
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Old November 2nd, 2016, 01:51 PM   #493 (permalink)
Elite Member
Cleveland Ohio/United States
 
Futures Experience: Advanced
Platform: Tradestation
Broker/Data: various
Favorite Futures: futures
 
Posts: 2,195 since Jul 2012
Thanks: 1,004 given, 3,970 received



Trailer Guy View Post
Trust but verify.

I have watched many show up here looking for a quick answer and a strong leader who "always" has the answer. I have watched the old hands and Big Mike be patient but I have seen some who have filled their ears with cotton.

Louis Rukeyser used to say on 'Wall Street Week' "there are two kinds of people in this business, those that are wrong and those that are liars".


My motto in the Internet age is: "verify, then trust."

That makes me a cynical middle aged skeptic, but it has saved my skin many a time.

If you have any questions please send me a Private Message or use the futures.io "Ask Me Anything" thread
     
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Old November 2nd, 2016, 01:56 PM   #494 (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: 45,558 since Jun 2009
Thanks: 28,888 given, 80,217 received

Guys,

I don't want to rehash all of what I already wrote, but let me expand a bit:

It is entirely within the realm of possibility that Alex is the stand up guy he claims to be, and that I have banned him unfairly. I do not pretend to be omniscient or infallible. It could also be entirely possible that he is lying through his teeth. I have witnessed both on the forum, and have been fooled a few times, while also catching a lot of vendors red handed. It can go either way.

My experience has taught me to be suspicious of most vendors, especially ones exhibiting traits that have previously lead to very bad outcomes here on the forum.

Unfortunately, in many of these past events when a vendor is "caught" or "exposed" as a "fraud" (all statements are my opinion and not fact, and I do not intend any correlation directly towards this particular event) many have gone on to make threats against me, including death threats to me (and even my dogs), create entire websites to trash talk me, create ripoff reports against me, file CFTC and NFA claims against me, even report me to the FBI and IRS. All with entirely nonfactual commentary as well as out right intention to do harm against me.

I mention this not because Alex will do this, or is in any way like this, but to make a point that I try and do what is "right" for the majority of the forum, even when it is a very difficult decision. I haven't watched the video that was just mentioned as today's "room" recording, but if it is true that Alex spoke no ill-will towards me then I believe he earns respect for that. But it does not change my decision.

I made a decision a long time ago when creating the forum, that I would try to be different than the other forums out there. I've done my best to implement these differences, and the result is what is before you. This is an extremely difficult job. Some FIO members appreciate the complexity and the way I run the site, some do not. I also learned long ago, it was simply impossible to please everyone.

So my stance is simply to do what I think is best, and history can be the judge. I go out of my way to be transparent and anyone that wants to learn about the events is free to make their own informed decision. Hopefully I do get it right more often than not.

Like trading, you can never be certain of the outcome of the next trade. Especially when you are trading on the hard right edge -- which is where this decision to ban Alex came from (like with all real trades). In hindsight, everything can be made clear, but the trade is done and the decision is made.

If you want to disagree with it, that is of course entirely your right. But I do hope that you will respect why a decision was made. I never expect anyone to agree with every decision I make, but I do hope that I have earned your respect. Otherwise, why are you here?

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.

     
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Old November 2nd, 2016, 01:59 PM   #495 (permalink)
Elite Member
glostrup, denmark
 
Futures Experience: Advanced
Platform: Custom platform
Broker/Data: CQG
Favorite Futures: Futures, Options, Stocks
 
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Posts: 240 since Aug 2011
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Futures Edge on FIO

kevinkdog View Post
My motto in the Internet age is: "verify, then trust."

yeah, Reagan was a good guy... you learned from the best....

     

Old November 2nd, 2016, 02:00 PM   #496 (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: 45,558 since Jun 2009
Thanks: 28,888 given, 80,217 received


IzhakHaim View Post
If Alex was banned, how he was able to log in here and read the posts on FIO in real time this morning in the room???

This is not an Elite thread, so any member can view it even if they are not logged in.

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.

     

Old November 2nd, 2016, 02:07 PM   #497 (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: 45,558 since Jun 2009
Thanks: 28,888 given, 80,217 received

Guys,

Let's do this. I normally fully believe that in cases such as this, a decision must simply be made and move on, because if you invite too much discussion for every decision it just ends in chaos. In the end, a leader must lead, and his followers can decide if he is a good leader or a bad one.

However, because of the complexity of this particular case, I am going to simply let you decide. Below is the poll, you can vote and we'll just go based on that. I will implement whatever the members want. Poll is open until end of Friday.

What to do about rocksolid68?

Total votes: 162
 


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.

     
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Old November 2nd, 2016, 02:15 PM   #498 (permalink)
Trading for Fun
white plains new york
 
Futures Experience: Intermediate
Platform: NJ
Favorite Futures: CL
 
Posts: 59 since Apr 2016
Thanks: 25 given, 63 received

Can someone now register 12 times under different names and vote? Any washed emails we will find later via Wikileaks???

     
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Old November 2nd, 2016, 02:15 PM   #499 (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: 45,558 since Jun 2009
Thanks: 28,888 given, 80,217 received


IzhakHaim View Post
Can someone now register 12 times under different names and vote? Any washed emails we will find later via Wikileaks???

We have systems in place that prevent account duplicates.

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 2 users say Thank You to Big Mike for this post:
     

Old November 2nd, 2016, 02:18 PM   #500 (permalink)
Elite Member
Chicago, Illinois
 
Futures Experience: Intermediate
Platform: Ninja
Favorite Futures: ES
 
Posts: 74 since Mar 2013
Thanks: 704 given, 49 received


I was only able to catch the first portion in the room this morning but did get to hear his side of things which I am glad for. First let me say that you could hear in the guys voice that he was genuinely upset and hurt by all of this because he loves the futures.io community so much and it helped him get to where he is today. As another poster indicated, he started out by saying that he is not mad at Mike and only wishes that he had a chance to answer to these accusations before being banned. He said that he would've gladly never mentioned the room again if he would've been allowed to stay.

He said that when he first had the idea to open a room, he thought about charging a small fee to cover the costs and to make a small amount for his time. After talking to Mike, he decided against it and made the decision to fund the costs of the room with his own money. At one point (years ago from what I gathered) he was asked to be a moderator on another site but eventually left because he didn't agree with their business practices. Here is what he says about that on his site:

In my second year I was asked to join one of these rooms and moderate for them. I spent a lot of my time speaking with the members one on one. I quickly came to the realization that none of them were profitable and that they needed real help. It was the that I decided to leave and become my own man. I wanted to develop my own trading style and help those that hadn’t done so yet.


I've only been to his chat room a handful of times but he has never asked anyone for money or tried to sell anyone anything when I've been there. He also didn't understand what was wrong with his posts from 2015 because he never promoted the other chat room and actually said some negative things about it. Apparently, someone thought he was a 48yr old so he showed his drivers license and college ID to prove that he is who he says he is.

I found it interesting that about a week ago, he asked for feedback on the room no matter if it was good, bad or ugly and everyone had only good things to say. Then as soon as he gets accused of something, basically the whole forum switched directions and jumped all over him when nothing has changed.

He was very positive towards Mike and futures.io and even asked everyone not to be mad at Mike and wanted to keep things civil. I do understand that there are a lot of snake oil salesmen in this industry and that you have to be on the lookout for these people constantly but with all due respect, I think you guys may have got it wrong on this one.

     
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