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Inspiration or hoax?! Trade it don't Date it (www.tradeitdontdateit.com)


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Inspiration or hoax?! Trade it don't Date it (www.tradeitdontdateit.com)

  #11 (permalink)
 
Zondor's Avatar
 Zondor 
Portland Oregon, United States
 
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Watching his live feed, I went in long at 1237 along with him and took a small profit. While he remained long, I reversed to short and in a few minutes got 1.75 handles on one car. Meanwhile he had doubled down to a 100 car long position, which turned on him.

All sim, of course. But enough to see that he is a pretty bad trader, stubbornly staying long when the TICK was MORE stubbornly remaining negative. I guess he thinks he is smarter than the market.

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  #12 (permalink)
 Cloudy 
desert CA
 
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Zondor View Post
Watching his live feed, ..
All sim, of course. But enough to see that he is a pretty bad trader, stubbornly staying long when the TICK was MORE stubbornly remaining negative. I guess he thinks he is smarter than the market.

Is he doing some kind of scaling in method taught anywhere?
So yes, maybe a paper trading guy who puts up a site with some ads on it.
(one of the ads leads to Dr. Barry Burns...again)
Either that or some lottery winner who has a lott-o money to play around with on the ES
and wanting an audience.

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  #13 (permalink)
 
Jedi's Avatar
 Jedi 
SF Bay Area
 
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Even when someone shows their trades on live stream with their DOM visible, others still don't believe it.. What more do you want to see? Often he shows his trades from pre-market to close. Somethings you might want to consider:

- Who cares if its paper trading or real, if he is CONSISTENTLY PROFITABLE, which he clearly is most days. Its very clear he can trade..
- If he can trade, why would he bother paper trading on this site wasting his time when he can trade live? Do you know any consistently profitable paper traderS that never goes live?
- I believe he's for real because he clearly has a methodology, and I was taught an identical methodology using candles to find levels and trading without indicators. I've since added additional levels with MP/ACD, but I know his method of finding levels and trading without any indicators is a valid and effective one, good traders often trade this way.
- I think the biggest take away from seeing him trade is that simplicity is best and you're likely better served with less indicators. Indicators will complicate your trading decisions and take your attention away from more important information which is levels and reading the market/price. At the end of the day, every trade is nothing more than a gamble and all you have is a probability and we all assess it differently. Just because you faded him and made money when he lost on that trade does not take away from his overall results which is undeniable.

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  #14 (permalink)
 
Massive l's Avatar
 Massive l 
OR/USA
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For those wondering, the charts in his/her videos are SIM ToS charts
with an NT DOM.

Live charts have a blue 'think AI' dot next to the time frame.

e.g.
[img]https://nexusfi.com/v/67u6gu.png[/img]

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  #15 (permalink)
 
Jedi's Avatar
 Jedi 
SF Bay Area
 
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If I'm correct, he uses TOS for his charts but his Ninja is powered thru another source.. I assume his trades are not with TOS but I can be wrong.. Only been on the site for a few weeks..


Massive l View Post
For those wondering, the charts in his/her videos are SIM ToS charts
with an NT DOM.

Live charts have a blue 'think AI' dot next to the time frame.

e.g.
[IMG]https://nexusfi.com/v/67u6gu.png[/IMG]


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  #16 (permalink)
 
Private Banker's Avatar
 Private Banker 
La Jolla, CA
 
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I've heard some traders talk about this guy in the past and they confirmed he was a fake. I also had a look at some of the videos on his youtube page and can tell you right now it's 100% SIM (at least in the videos) but I have to give him thumbs up for the editing (not a fan of the music though). Maybe he's a video editor/graphics designer in real life. Here's an example, he had a resting order for 100 contracts at bid but the DOM order book was only showing around 30 contracts in the queue at bid. I know NT doesn't offer Iceberg orders as far as I know so, that put a lid on that. Also, someone that I talked to told me the guy walked away from his computer with 100 contracts sitting at offer which ended up getting executed and had a 100 contract position on as the market went for and against him. He apparently came back an hour or so later from a "nap" to close his position out for a nice loss. No serious trader that trades size does something like this with real money! He was also getting full fills on 100 - 200 cars without any partial fills which is unrealistic. Even in the ES you can have partial fills from time to time unless you're shredding into the market. He claimed he was with MFG but he was using NT for a DOM. MFG didn't even offer NT as far as I know. Maybe it was through some other subsidiary or something. And lastly, anyone using TOS for live intra-day trading with NT for OE is interesting IMO. TOS' charts lag so far behind the data feed of NT, it's ridiculous. TOS is best used for end of the day big picture analysis IMO.

There were some other weird things I noticed on there such as his constant intent to show that he's wealthy (mansions, Ferrari's, etc.) Just a sign of someone that is out trying to create an image. I can tell you right now that there's no need to telegraph to the world that you're rich unless you want some bad company.

The trading style is interesting but can be very damaging if you don't know what you're doing. Adding to a losing position in a trending market for example, could destroy your entire account in one day. He was able to grab a few points here and there but the actual amount of money being made was being emphasized over the actual points, risk taken on and all the real important things in trading were nowhere mentioned. Of course you're going to make big bucks on a few points if you're leveraging big bucks. You can also lose big with that kind of leverage.

You have to wonder what the motive of someone like this is. Maybe some sort of vendor idea behind it at some point down the road once he gets a bunch of followers to sign up to learn how to trade like he does?

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  #17 (permalink)
 
cory's Avatar
 cory 
virginia
 
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Private Banker View Post
...

You have to wonder what the motive of someone like this is. Maybe some sort of vendor idea behind it at some point down the road once he gets a bunch of followers to sign up to learn how to trade like he does?

he could be some teenage pulling pranks or frank shoaz in training.

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  #18 (permalink)
 
Silvester17's Avatar
 Silvester17 
Columbus, OH
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most of the time just looking at the dom will tell you if it's live or sim.

I mentioned it before, with a "live" dom, you can't change the back color of the dom. so if you don't put the exact color on your "sim" dom, you're exposed.

judge for yourself:


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  #19 (permalink)
 
Private Banker's Avatar
 Private Banker 
La Jolla, CA
 
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cory View Post
he could be some teenage pulling pranks or frank shoaz in training.

The thought of this guy being some teenager/early 20's actually makes sense based on the music and depth of dialogue I've seen by him. The video below in particular had me fall out of my chair laughing hysterically. He was managing a few hundred lot position while ordering clothes and other items from Louis Vuitton and Hermes acting like trading is no big deal. I can tell you the entertainment value of his videos are great if not comical.


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  #20 (permalink)
 
Private Banker's Avatar
 Private Banker 
La Jolla, CA
 
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Jedi View Post
- Who cares if its paper trading or real, if he is CONSISTENTLY PROFITABLE, which he clearly is most days. Its very clear he can trade..

It is very important to know that there is a massive psychological difference in being consistently profitable trading paper vs CP trading live. Not to mention with a few hundred contracts. Don't be fooled here.

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