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How I Trade For a Living
Started:August 30th, 2016 (10:48 AM) by rocksolid68 Views / Replies:48,922 / 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, 06:58 PM   #541 (permalink)
Elite Member
Los Angeles, CA
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: NinjaTrader Brokerage
Favorite Futures: YM
 
Posts: 83 since Dec 2011
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I voted to keep ban.

1. The fact that he was heavily promoting it outside of FIO. If he was giving back to community, then why promote outside of FIO? Unless his objective is to get as many people as possible into his room.
2. I read through his original journal in elite section. He blew his combine. He started another one (150K), started good, then seems like got almost to blowing it up, and after that he stopped posting into journal. Three month later he is consistently profitable and apparently funded with TST. With no proof to show. Kind of weird. I would expect him at least posting into journal regarding getting funded, it should have been super exciting news to share in his journal.
3. All the other posts by other members here showing more controversy.

Way too many questions. It is very fishy.

     
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Old November 2nd, 2016, 07:16 PM   #542 (permalink)
Elite Member
London
 
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Favorite Futures: ES, CL
 
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jdox View Post
How is that promotional? And didn't he say on the recording that those posts were before they asked him to be a moderator?

Yes, he joined them 8 months after, allegedly.

He slates them in one post. Not sure the issue with these posts tbh, it's before he was affiliated to them and one is very very negative about GTR, admitting he got 'suckered in'.



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Old November 2nd, 2016, 07:19 PM   #543 (permalink)
Membership Temporarily Revoked
Baltimore MD
 
Futures Experience: Intermediate
Platform: NT
Broker/Data: IB, Kinetics
Favorite Futures: E6, ES and CL
 
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wldman View Post
@rwbil that is harsh man.

True enough that ANYONE that believes someone else will turn them into a successful ANYTHING is doomed.

True enough that FOOLS lose lots of money. Without the fools all of us that have provided a consistent, ongoing and often lucrative standard of living from speculation or trading would have to find some other vocation.

There was a way in the works for live trading orders and confirmations to populate a thread here at fio. What ever happened to that? I do agree that ANY broadcast of any type of trade is highly suspect without such seamless and systemic verification. Corollary to that you have some set of balls to demand like you do that @Big Mike do anything, especially force someone to turn over trade confirms and statements.

There were periods where I simply stopped posting at BMT because I was not going to divide time to answer detractors. What could I possibly gain from making shit up and taking the time to post it. I was not going to copy and redact statements and confirms because someone thought I got a boner from lying in an internet forum. If you don't believe what someone says state your difference and wait for a reply, if no adequate common understanding comes, stop reading that person, simple.

Here is the biggest fraud: if the kid @rocksolid68 posted seamless trade confirms that validated claims he has never made...say right 80%, winners 3:1 larger than losers and 10-15 trades of 10 contracts per day...how many forum participants would subscribe at even $1,000 a month?

I've seen information, guidance, indicators etcetera literally worth millions of dollars posted here for free, I've also seen tons of useless bullshit for sale at hilarious prices. Retain what is valuable, discard without harm what is not valuable, again simple. I'm sorry if the learning curve is too steep or too expensive for many of the hopium addicted dreamers. Take a chance and click the button, or don't, but be responsible for yourself. You are among alpha predators in the most competitive vocation on Earth.

Mike has gone to great lengths to maintain a terrific forum.


It never ceases to amaze me how asking for actual proof of claims in the day trading business is an "EVIL". No other business operates this way. And lets say the regulators finally decided to regulate this industry. What do you think the first thing they will ask for; Brokerage Statement for proof.

And to top it all off this kid was associated with Global Trading Room. If that does not say something I do not know what does.

As for BM. He is providing a forum for these vendors. Let me ask you do you think NT should be held responsible for the people they let promote without checking any credentials what so ever. I do and I hope the regulators finally crack down and we will see. I have NO doubt BM knows Al Brooks and these other Micro Scalpers are scammers, yet he gives them credibility by allowing then to put on webinars. In fact he once called out the Rock Star Journals, which were all fake.

With Emmett's site the truth is finally being told about these scammers and the regulators are finally closing them down like Open Range Trader who posted all fake results. And sadly he was not the exception in this business.

If someone thinks some 18 year old kid who shows no proof of trading profitable is going to teach someone to scalp ES profitable, then they are the fool born every minute.

     
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Old November 2nd, 2016, 07:22 PM   #544 (permalink)
Elite Member
Portland, OR
 
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I can't judge one way or the other because I have no clue what happened. I will say that those types of intro posts show a lack of experience. He is young though and I was there at one point as well. Best of luck either way.

Strategy ≥ Money
     
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Old November 2nd, 2016, 07:46 PM   #545 (permalink)
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Huntington WV
 
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Futures Edge on FIO
Mind-blowing that @Big Mike would even allow a vote on this whole charade.

     
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Old November 2nd, 2016, 07:46 PM   #546 (permalink)
Site Administrator
Manta, Ecuador
 
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rwbil View Post
As for BM. He is providing a forum for these vendors. Let me ask you do you think NT should be held responsible for the people they let promote without checking any credentials what so ever. I do and I hope the regulators finally crack down and we will see. I have NO doubt BM knows Al Brooks and these other Micro Scalpers are scammers, yet he gives them credibility by allowing then to put on webinars. In fact he once called out the Rock Star Journals, which were all fake.

Uhm, no. Seriously? If I knew someone was a scammer, WTF would I allow them to be associated with the site? To me, this implies that you think very little of me and have no respect for my decisions, and/or strongly dislike what our community works so hard to do. Please clarify your statement if I am wrong.

Since you named Al Brooks specifically, then I will respond and say that just because I don't personally agree with Al's trading methodology does not mean that I think he is running a scam. I do my best to provide a range of content to our members, and that includes content I don't always agree with (for example: scalping is extremely popular, despite me strongly advocating against it).

Like with any vendor, all members of our community are encourage to post feedback in the Vendor Review section about their experiences, including experiences with people that give webinars on FIO. I hope you would realize that if a lot of people start showing proof that someone that gives a webinar on FIO is a scam, that I would no longer invite them back to the site. In addition, I always create a discussion thread for each webinar event and ask for feedback so that members can tell me what they thought. This feedback is used to decide future events and whether or not a presenter is invited to return.

In the past, I have removed webinar content after-the-fact from a vendor that I felt was running a scam, and I did everything I could to distance FIO from them (this was many, many years ago and that vendor was banned). Unfortunately, this was very early days of the forum and my "spidey sense" was still developing, so I got caught up with someone I shouldn't have.

There are one or two other examples where guest speakers will NOT be invited back to do webinars because I strongly disliked how they conducted themselves in the webinar (for example: strong selling to our members, despite being told in advance our strict rules against such things).

I don't recall what the "Rock Star Journals" are, but suffice it to say that yes -- I have uncovered many stealth vendors in the 7 years of running the site, and banned all of them I am aware of.

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, 07:49 PM   #547 (permalink)
Market Wizard
Chicago Illinois USA
 
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Favorite Futures: duh hammer!
 
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I want to be clear...

NOT typed in an Obama voice.

@rwbil

In rethinking my post that you referenced I want to be clear and say that I do not think it is unreasonable at all to expect or require verification in a situation where somebody is selling something. Audit able track record is an industry standard.

I meant that to require it in a collegial non commercial setting, for me, is a step too far. BUT I do understand that there may be folks that need some type of protection or warning.

That said, there was a thread and associated effort here, I thought, by which some device was created that would allow automatic posting to a thread of orders and executions in real time. Do I have that wrong? If such a thing existed, only guys that KNEW they were excellent traders would even consider it. Again, the only likely reason for even those guys would be to convince a following to send in money. Here is the disconnect for me personally...ANYONE banging out consistent profits, even at a low level makes way way more from that than they could from simply selling trade indications. In some cases where you have the brokerage and get a kick back on the clearing and the deposit credits to firm net liquidation I guess you could get close to maybe being in a situation where selling trade indications was worth the time.

Again, from my experience there are pundits and there are players. Pundits are engaged in the "bullshit game" that is to say selling or telling. Players are the folks that actually get to the doing and excel in a measurable, meaningful and consistent way. If you can not tell the difference, learn to. If you can tell the difference, you know where you stand and what you need to do next.

     
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Old November 2nd, 2016, 07:54 PM   #548 (permalink)
Site Administrator
Manta, Ecuador
 
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rwbil View Post
I have NO doubt BM knows Al Brooks and these other Micro Scalpers are scammers

BTW, FuturesTrader71 is a scalper as far as I know -- are you lumping him in there? I don't agree with his methodology personally, but I doubt you would question his credibility in the industry. He and I have had friendly unscripted/live discussions in past events that discuss our differences in methodology.

Just because I think that most traders should not scalp doesn't mean that I think FT71 is a scam, nor does it mean that it is a bad decision to bring FT71 onto the site. I believe most users on the site would agree they've learned from his past events and found them beneficial.

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, 08:10 PM   #549 (permalink)
Elite Member
Auckland
 
Futures Experience: Advanced
Platform: Ninja Trader
Broker/Data: Zen-Fire
Favorite Futures: CL and ES
 
Posts: 706 since Apr 2010
Thanks: 3,697 given, 650 received

Lets all go back to our Trading and Day Job

A lot has been said and discussed.

Lets leave where things are and allow @Big Mike to come to a conclusion and we all agree to disagree.

So much discussion and taking people away from their real work.

my 5 cents worth before the election on Wednesday.


Sharmas

     
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Old November 2nd, 2016, 09:01 PM   #550 (permalink)
Market Wizard
Murrells Inlet SC
 
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rwbil View Post
It never ceases to amaze me how asking for actual proof of claims in the day trading business is an "EVIL". No other business operates this way. And lets say the regulators finally decided to regulate this industry. What do you think the first thing they will ask for; Brokerage Statement for proof.

And to top it all off this kid was associated with Global Trading Room. If that does not say something I do not know what does.

As for BM. He is providing a forum for these vendors. Let me ask you do you think NT should be held responsible for the people they let promote without checking any credentials what so ever. I do and I hope the regulators finally crack down and we will see. I have NO doubt BM knows Al Brooks and these other Micro Scalpers are scammers, yet he gives them credibility by allowing then to put on webinars. In fact he once called out the Rock Star Journals, which were all fake.

With Emmett's site the truth is finally being told about these scammers and the regulators are finally closing them down like Open Range Trader who posted all fake results. And sadly he was not the exception in this business.

If someone thinks some 18 year old kid who shows no proof of trading profitable is going to teach someone to scalp ES profitable, then they are the fool born every minute.

Oh man, I sincerely hope you don't feel this way about @Big Mike and our community. I feel we have the finest place to come together on the web and Mike is charged with doing what he can to share his opinions yet be open minded to others strategies and ideas. This is what brings us all together and his policing is done to help keep us safe. I wouldn't want the job. Mike has demonstrated that he's a stand up guy with strong morales who has to draw a line in the sand that's often subjective- his efforts give us what we have here and I am very appreciative.

     

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