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



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


Discussion in Trading Reviews and Vendors

Updated
      Top Posters
    1. looks_one Jigsaw Trading with 15 posts (20 thanks)
    2. looks_two TheTradeSlinger with 9 posts (4 thanks)
    3. looks_3 Jedi with 6 posts (4 thanks)
    4. looks_4 Big Mike with 5 posts (11 thanks)
      Best Posters
    1. looks_one Private Banker with 3.5 thanks per post
    2. looks_two Silvester17 with 2.8 thanks per post
    3. looks_3 Big Mike with 2.2 thanks per post
    4. looks_4 Jigsaw Trading with 1.3 thanks per post
    1. trending_up 49,878 views
    2. thumb_up 87 thanks given
    3. group 29 followers
    1. forum 86 posts
    2. attach_file 9 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 125,000 members
  • Genuine reviews from real traders, not fake reviews from stealth vendors
  • Quality education from leading professional traders
  • We are a friendly, helpful, and positive community
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts
  • We are here to help, just let us know what you need
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

(If you already have an account, login at the top of the page)

 
Search this Thread
 

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

(login for full post details)
  #1 (permalink)
 Cloudy 
desert CA
 
Experience: Intermediate
Platform: NT7, SC, ToS
Broker: AMP, DT, TDA
Trading: CL,NQ,YM
 
Posts: 2,135 since Jul 2011
Thanks: 2,388 given, 1,726 received

I finally found this set of videos after having seen it mentioned by someone on another forum.
This guy has fast-forward playbacks of some of his trading days with music + videos making up a crazy,
maybe entertaining bunch of "unstoppable!" presentations. His website makes it sound like he's claiming to be some kind of big time pro trader. I'm not sure how he's trading , but.. you can see for yourselves. Have fun.

E-Mini S&P Live Trading - August 8th, 2011 $ES_F #ES_F - YouTube

E-Mini S&P Live Trading - July 19th, 2011 - YouTube

Visit my futures io Trade Journal Started this thread Reply With Quote
The following user says Thank You to Cloudy for this post:

Journal Challenge April 2021 results (now extended!):
Competing for $1800 in prizes from Jigsaw
looks_oneMaking a Living with the Microsby sstheo
(133 thanks from 19 posts)
looks_twoSalao's Journalby Salao
(45 thanks from 9 posts)
looks_3Deetee’s DAX Trading Journal (time based)by Deetee
(34 thanks from 15 posts)
looks_4Learning to Profit - A journey in algorithms and optionsby Syntax
(15 thanks from 12 posts)
looks_5Maybe a little bit different journalby Malykubo
(14 thanks from 13 posts)
 
Best Threads (Most Thanked)
in the last 7 days on futures io
Would You Sell Your System?
79 thanks
Big Mike in Ecuador
75 thanks
The Crude Dude Oil Trading System
61 thanks
The New Micro Contract - MICRO BITCOIN coming May 2021
25 thanks
futures io site changelog and issues/problem reporting
22 thanks
 
(login for full post details)
  #3 (permalink)
skinlanta
atlanta,ga
 
 
Posts: 25 since Oct 2011
Thanks: 20 given, 4 received


that was crazy.....i didnt understand the multiple buys and sells on the dom.....of course i didnt understand much of anything, but it was pretty cool.....prob. a hoax cloudy

Reply With Quote
 
(login for full post details)
  #4 (permalink)
 Big Mike 
Site Administrator
Swing Trader
Data Scientist & DevOps
Manta, Ecuador
 
Experience: Advanced
Platform: Custom solution
Trading: Futures & Crypto
 
Big Mike's Avatar
 
Posts: 49,983 since Jun 2009
Thanks: 32,458 given, 98,241 received


Cloudy View Post
His website makes it sound

What is his website? This needs to be moved to the Vendors section if it is a vendor.

Mike

We're here to help -- just ask

For the best trading education, watch our webinars
Searching for trading reviews? Review this list

Follow us on Twitter, YouTube, and Facebook

Support our community as an Elite Member:
https://futures.io/elite/

Visit other sites? Please spread the word about your experience with our community!
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #5 (permalink)
 Cloudy 
desert CA
 
Experience: Intermediate
Platform: NT7, SC, ToS
Broker: AMP, DT, TDA
Trading: CL,NQ,YM
 
Posts: 2,135 since Jul 2011
Thanks: 2,388 given, 1,726 received

The guy's website is Trade it, Don't Date it!: Trading Futures Forex Stocks ; he also mentions it in the video and on his youtube id page.

I'm not sure if it's vendor site or just a blog video site. But sure I don't mind if this topic is moved to the vendor forum. I just saw it was an entertaining blog of live trading videos. Thanks skinlanta, yes I thought it was crazy and unbelievable when I first saw it too.

Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #6 (permalink)
 Big Mike 
Site Administrator
Swing Trader
Data Scientist & DevOps
Manta, Ecuador
 
Experience: Advanced
Platform: Custom solution
Trading: Futures & Crypto
 
Big Mike's Avatar
 
Posts: 49,983 since Jun 2009
Thanks: 32,458 given, 98,241 received

 
Thread Moved


Moved to Vendors



When creating a new thread, note which subforum you are in. Here is a short list of suggestions:

- Topic: Anything to do with an Elite indicator -> Subforum: The Elite Circle
- Topic: Looking for an existing indicator, or how-to use an indicator -> Subforum: (the platform)
- Topic: Programmer needing help with non-Elite indicator -> Subforum: (the platform) - Programming
- Topic: Want an indicator created/modified -> Reply to "Want indicator created free" in Elite Circle
- Topic: Vendors (trading rooms, commercial indicators) -> Subforum: Vendors/Product Reviews
- Topic: Discussion of Forex or Currency trading -> Subforum: Forex and Currency Trading
- Topic: Journals of your trading -> Subforum: Trading Journals or Elite Trading Journals
- Topic: General trading related discussions -> Subforum: Traders Hideout
- Topic: Discussion of a trading method -> Subforum: Traders Hideout
- Topic: Automated Trading -> Subforum: Elite Automated Trading

Last, any Elite Member may create more or less any of these topics in The Elite Circle at your own discretion (your support is appreciated).

This is just a short general list and doesn't cover everything. If you are unsure where to create your new thread, just create it in Traders Hideout and a moderator will move it if necessary.

-- Big Mike Trading


We're here to help -- just ask

For the best trading education, watch our webinars
Searching for trading reviews? Review this list

Follow us on Twitter, YouTube, and Facebook

Support our community as an Elite Member:
https://futures.io/elite/

Visit other sites? Please spread the word about your experience with our community!
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #7 (permalink)
 ahwii 
Austria, Vienna
 
Experience: Intermediate
Platform: CQG Trader, NT
Broker: Velocity
Trading: FDAX
 
Posts: 59 since Sep 2010
Thanks: 88 given, 55 received

i don't know anything about this guy, but using NT when he is making 100k+ a day seems kinda strange

Reply With Quote
 
(login for full post details)
  #8 (permalink)
 TheSeeker 
Germany
 
Experience: Intermediate
Platform: MT4, StrategyRunner
Trading: ES,EUR/USD,Oil
 
TheSeeker's Avatar
 
Posts: 126 since Dec 2010
Thanks: 73 given, 71 received

I've seen his website and recorded videos before and put it off as a hoax, some wannabe papertrader living with his parents and looking for attention...

But taking a closer look again, I see he apparently trades live on "livestream" ?!

Reply With Quote
 
(login for full post details)
  #9 (permalink)
 Jigsaw Trading  Jigsaw Trading is an official Site Sponsor
Site Sponsor

Web: Jigsaw Trading
AMA: Ask Me Anything
Webinars: Jigsaw Trading Webinars
Elite offer: Click here
 
 
Jigsaw Trading's Avatar
 
Posts: 2,982 since Nov 2010
Thanks: 825 given, 10,323 received

I wonder if he's considering adopting a 41 year old son?

Visit my futures io Trade Journal Reply With Quote
The following 2 users say Thank You to Jigsaw Trading for this post:
 
(login for full post details)
  #10 (permalink)
 eDanny 
East Rochester, NY
 
Experience: Intermediate
Platform: NT
 
eDanny's Avatar
 
Posts: 329 since Jul 2009
Thanks: 17 given, 423 received



DionysusToast View Post
I wonder if he's considering adopting a 41 year old son?

LOL!

Reply With Quote
 
(login for full post details)
  #11 (permalink)
 Zondor 
Portland Oregon, United States
 
Experience: Beginner
Platform: Ninjatrader®
Broker: CQG, Kinetick
Trading: Gameplay Klownbine® Trading of Globex
 
Zondor's Avatar
 
Posts: 1,347 since Jul 2009
Thanks: 1,245 given, 2,721 received

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.

Attached Thumbnails
Click image for larger version

Name:	ES 12-11 ( RJay's RangeNoGap  3 Tick)  11_10_2011.jpg
Views:	350
Size:	129.4 KB
ID:	54590  
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to Zondor for this post:
 
(login for full post details)
  #12 (permalink)
 Cloudy 
desert CA
 
Experience: Intermediate
Platform: NT7, SC, ToS
Broker: AMP, DT, TDA
Trading: CL,NQ,YM
 
Posts: 2,135 since Jul 2011
Thanks: 2,388 given, 1,726 received


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.

Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #13 (permalink)
 Jedi 
SF Bay Area
 
Experience: Advanced
Platform: Sierra
Broker: Multiple
Trading: CL, ES
 
Jedi's Avatar
 
Posts: 564 since Nov 2011
Thanks: 546 given, 589 received

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.

Reply With Quote
The following 2 users say Thank You to Jedi for this post:
 
(login for full post details)
  #14 (permalink)
 Massive l 
Legendary Market Wizard
Portland, OR
 
Experience: None
 
Massive l's Avatar
 
Posts: 2,012 since Mar 2011
Thanks: 1,698 given, 4,189 received

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.

Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to Massive l for this post:
 
(login for full post details)
  #15 (permalink)
 Jedi 
SF Bay Area
 
Experience: Advanced
Platform: Sierra
Broker: Multiple
Trading: CL, ES
 
Jedi's Avatar
 
Posts: 564 since Nov 2011
Thanks: 546 given, 589 received

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.


Reply With Quote
 
(login for full post details)
  #16 (permalink)
 Private Banker 
La Jolla, CA
 
Experience: Master
Platform: Sierra Chart, X_Trader Pro, OptionsCity
Broker: Advantage, Trading Technologies, OptionsCity, IQ Feed
Trading: CL, NG
 
Private Banker's Avatar
 
Posts: 1,040 since Jul 2010
Thanks: 1,713 given, 3,850 received

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?

Reply With Quote
The following 3 users say Thank You to Private Banker for this post:
 
(login for full post details)
  #17 (permalink)
 cory 
the coin hunter
virginia
 
Experience: Intermediate
Platform: ninja
Trading: NQ
 
cory's Avatar
 
Posts: 6,042 since Jun 2009
Thanks: 854 given, 7,910 received


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.

Reply With Quote
The following 2 users say Thank You to cory for this post:
 
(login for full post details)
  #18 (permalink)
 Silvester17 
Market Wizard
Columbus, OH
 
Experience: None
Platform: NT 8, TOS
Trading: ES
 
Silvester17's Avatar
 
Posts: 3,585 since Aug 2009
Thanks: 5,079 given, 11,380 received

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:


Reply With Quote
The following 5 users say Thank You to Silvester17 for this post:
 
(login for full post details)
  #19 (permalink)
 Private Banker 
La Jolla, CA
 
Experience: Master
Platform: Sierra Chart, X_Trader Pro, OptionsCity
Broker: Advantage, Trading Technologies, OptionsCity, IQ Feed
Trading: CL, NG
 
Private Banker's Avatar
 
Posts: 1,040 since Jul 2010
Thanks: 1,713 given, 3,850 received


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.


Reply With Quote
The following 4 users say Thank You to Private Banker for this post:
 
(login for full post details)
  #20 (permalink)
 Private Banker 
La Jolla, CA
 
Experience: Master
Platform: Sierra Chart, X_Trader Pro, OptionsCity
Broker: Advantage, Trading Technologies, OptionsCity, IQ Feed
Trading: CL, NG
 
Private Banker's Avatar
 
Posts: 1,040 since Jul 2010
Thanks: 1,713 given, 3,850 received


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.

Reply With Quote
The following 2 users say Thank You to Private Banker for this post:
 
(login for full post details)
  #21 (permalink)
 Jedi 
SF Bay Area
 
Experience: Advanced
Platform: Sierra
Broker: Multiple
Trading: CL, ES
 
Jedi's Avatar
 
Posts: 564 since Nov 2011
Thanks: 546 given, 589 received

PB,
You bring out some good points but primarily from the execution side.

- I imagine getting filled with 100 cars/order should not be a problem on ES as long as the size is there and its there 99% of the time from what I've seen but I have no experience trading that size. From what I've seen and I have not watched any of the videos is that he enters in 50lots/entries, often 25 which should never have a problem getting fills on ES.
- I wouldn't read too far into his music and depth of conversation because we often still listen to the same music we liked since we were teenagers.. This means, if you liked Metallica when you were 16, odds are good that you will still like it at 60. Often pit traders are some of the best traders but they are not known for their gentrification and their conversations probably sound similar so that doesn't tell much.

However....
- It is odd that he is so casual on his large lots often walking away from his trades to float in the wind but how often do locals on squawk box ride their losses so that doesn't mean its fake..
- It is also possible that he altered the color on his DOM though I'm not an expert on computers and coding
- Probably my biggest suspicion is that I sometimes notice a slight delay in his execution from my perception on his stop/limit orders which is more characteristic of sim than real.. Real execution gets hit as soon as bid/ask "touches" the order so that part I do pay attention to.
- It is also odd that he's not using better charting but often we don't like the learning curve of new platforms and stay with what works.. Since he only watches his candles and nothing else, it may not be an issue to him as his dom reflects current price and TOS gives him levels to the left..

His conversations are sometimes broadcasted live and he sounds to be around late 30's to mid forties.. I would have guessed the accent from East Coast..

PB's comment about his 100 lot sitting bid orders with no iceberg not reflected in the size does require an explanation or it is 100% sim. The same goes for MFG not offering NT but there may be an explanation..

Reply With Quote
The following 2 users say Thank You to Jedi for this post:
 
(login for full post details)
  #22 (permalink)
 Jedi 
SF Bay Area
 
Experience: Advanced
Platform: Sierra
Broker: Multiple
Trading: CL, ES
 
Jedi's Avatar
 
Posts: 564 since Nov 2011
Thanks: 546 given, 589 received

Sylvester,
The one on the left is the live dom and the one on the right is Lakai's color, hence Lakai's DOM is sim correct? That in combination with PB's comments about his orders w/o iceberg not reflected on size and MFG does not offer Ninja and sometimes seeing slight delays on his stp/lmt orders makes it a bit suspicious... but still............................................YOU'RE ALL ABSOLUTELY CORRECT..HA





But that chat rm is still hella fun!!


Thx,
Jedi


Silvester17 View Post
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:



Reply With Quote
 
(login for full post details)
  #23 (permalink)
 bluemele 
Honolulu, Hawaii
 
Experience: Intermediate
Platform: NinjaTrader
Broker: ATC/TT, AMP/Zen-Fire, AMP/CQG
Trading: TF
 
bluemele's Avatar
 
Posts: 2,547 since Jun 2010
Thanks: 3,803 given, 2,836 received


Silvester17 View Post
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:


Help me out here, so just the background color can't be changed? The gray from white is the difference, is that correct?

I haven't been live for sometime with NT, but I do have an account and just don't want to turn on my trading computer to understand the difference...
I guess, which is SIM and which is live? Guessing that SIM is one on right as it has your account on the top left and I haven't used DOM in over a year....

Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to bluemele for this post:
 
(login for full post details)
  #24 (permalink)
 Silvester17 
Market Wizard
Columbus, OH
 
Experience: None
Platform: NT 8, TOS
Trading: ES
 
Silvester17's Avatar
 
Posts: 3,585 since Aug 2009
Thanks: 5,079 given, 11,380 received


bluemele View Post
Help me out here, so just the background color can't be changed? The gray from white is the difference, is that correct?

I haven't been live for sometime with NT, but I do have an account and just don't want to turn on my trading computer to understand the difference...
I guess, which is SIM and which is live? Guessing that SIM is one on right as it has your account on the top left and I haven't used DOM in over a year....

yes, just the background color. and thanks for reminding me about showing my account #.


Reply With Quote
The following 2 users say Thank You to Silvester17 for this post:
 
(login for full post details)
  #25 (permalink)
 Big Mike 
Site Administrator
Swing Trader
Data Scientist & DevOps
Manta, Ecuador
 
Experience: Advanced
Platform: Custom solution
Trading: Futures & Crypto
 
Big Mike's Avatar
 
Posts: 49,983 since Jun 2009
Thanks: 32,458 given, 98,241 received


Silvester17 View Post
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:


But you can change the sim color easily to make it look just like live.

And as mentioned before, even if it was live, it makes no difference. Another account could be hedging, or he could just show winning days or trades in his videos. All of the focus on whether it is real or not is worthless. Does it help you be a better trade? Yes/No. If yes, learn from it. If no, move on.

Mike

We're here to help -- just ask

For the best trading education, watch our webinars
Searching for trading reviews? Review this list

Follow us on Twitter, YouTube, and Facebook

Support our community as an Elite Member:
https://futures.io/elite/

Visit other sites? Please spread the word about your experience with our community!
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following 3 users say Thank You to Big Mike for this post:
 
(login for full post details)
  #26 (permalink)
 Lornz 
Oslo, Norway
 
Experience: Advanced
Platform: CQG, Excel
Trading: CL
 
Lornz's Avatar
 
Posts: 1,198 since Apr 2010

Haha! That is hilarious, especially the shopping. But, aside from his comical videos, why are you guys giving him the time of day?

Trading hundreds of contracts without any partial fills? Holding on to 100 contracts through the close, in a failed attempt to capture a couple of ticks?

No serious DOM trader would be using that set-up; it's like giving money away.

Reading the Youtube comments, it's clear that the easiest money in trading is becoming a vendor. When are people going to start thinking for themselves?

Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #27 (permalink)
 Private Banker 
La Jolla, CA
 
Experience: Master
Platform: Sierra Chart, X_Trader Pro, OptionsCity
Broker: Advantage, Trading Technologies, OptionsCity, IQ Feed
Trading: CL, NG
 
Private Banker's Avatar
 
Posts: 1,040 since Jul 2010
Thanks: 1,713 given, 3,850 received


Jedi View Post
PB,
You bring out some good points but primarily from the execution side.

- I imagine getting filled with 100 cars/order should not be a problem on ES as long as the size is there and its there 99% of the time from what I've seen but I have no experience trading that size. From what I've seen and I have not watched any of the videos is that he enters in 50lots/entries, often 25 which should never have a problem getting fills on ES.
- I wouldn't read too far into his music and depth of conversation because we often still listen to the same music we liked since we were teenagers.. This means, if you liked Metallica when you were 16, odds are good that you will still like it at 60. Often pit traders are some of the best traders but they are not known for their gentrification and their conversations probably sound similar so that doesn't tell much.

However....
- It is odd that he is so casual on his large lots often walking away from his trades to float in the wind but how often do locals on squawk box ride their losses so that doesn't mean its fake..
- It is also possible that he altered the color on his DOM though I'm not an expert on computers and coding
- Probably my biggest suspicion is that I sometimes notice a slight delay in his execution from my perception on his stop/limit orders which is more characteristic of sim than real.. Real execution gets hit as soon as bid/ask "touches" the order so that part I do pay attention to.
- It is also odd that he's not using better charting but often we don't like the learning curve of new platforms and stay with what works.. Since he only watches his candles and nothing else, it may not be an issue to him as his dom reflects current price and TOS gives him levels to the left..

His conversations are sometimes broadcasted live and he sounds to be around late 30's to mid forties.. I would have guessed the accent from East Coast..

PB's comment about his 100 lot sitting bid orders with no iceberg not reflected in the size does require an explanation or it is 100% sim. The same goes for MFG not offering NT but there may be an explanation..

Thanks! Yes, there is absolutely no problem getting filled on a 100 lot order in ES. It's the execution amounts that drew the red flag (in addition to his order not showing in the order numbers on the DOM). You can definitely get your 100 lot filled at the price you've entered at but it may not always be an immediate fill. For example, you may get 57 filled and then 20 and then 23 or some sort of odd lot fill (numbers are just an example of course).

Like I said before, don't be fooled by the high speed/flashing lights. I've been trading for a long time and know when I see a duck. Don't waste your time with people like this. There's clearly a different motive for this guy whether it be he just needs some attention and he's trying to create an image or there's a vendor motive behind it all. You don't trade size like this while buying Hermes handkerchiefs or walking away from your computer with a 100 lot position on to only come back from a nap... Let's wake up and smell the coffee here...

Reply With Quote
The following 5 users say Thank You to Private Banker for this post:
 
(login for full post details)
  #28 (permalink)
 Cloudy 
desert CA
 
Experience: Intermediate
Platform: NT7, SC, ToS
Broker: AMP, DT, TDA
Trading: CL,NQ,YM
 
Posts: 2,135 since Jul 2011
Thanks: 2,388 given, 1,726 received

Thanks for the enlightenment. I was just curious as hardly anyone ever shows live trades executing on their DOM online or in a playback video. "live" trading rooms and vendor/coaching sites never do. Now I see clearly lakai has a disclaimer on his website live stream.. It's perplexing why he would spend all this time and effort with this sim display.

Visit my futures io Trade Journal Started this thread Reply With Quote
The following user says Thank You to Cloudy for this post:
 
(login for full post details)
  #29 (permalink)
 Jedi 
SF Bay Area
 
Experience: Advanced
Platform: Sierra
Broker: Multiple
Trading: CL, ES
 
Jedi's Avatar
 
Posts: 564 since Nov 2011
Thanks: 546 given, 589 received

My broker who also trades live with a Ninja DOM saw the DOM and said that the background color is consistent with a live DOM, which should be light grey-white, not bleach white in color.. If the DOM colors has been altered, they have certainly done a remarkable job..

Perhaps we can see something in time and sales to reflect his orders but sometimes its broken up to fill smaller orders. The size should also reflect his sitting orders but 99.9% of the time ES has enough size to cover over Lakai's size. I have not been able to witness otherwise personally..

I have to say that for the few weeks that I've seen him trade, he has been trading remarkably well overall and his method is the simplest I've seen and its clearly working..

Some ask why is he doing this? One explanation is its fun to be watched when you're performing something well especially when its something most don't believe can be done. How many of you played sports and enjoyed an audience? Often its the same with trading...

This doesn't negate the other comments that are clearly valid and he may well be trading sim.. but if he can maintain his performance with such a simple method of only price bars and time frames, its impressive even for sim..






Silvester17 View Post
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:



Reply With Quote
 
(login for full post details)
  #30 (permalink)
 Jigsaw Trading  Jigsaw Trading is an official Site Sponsor
Site Sponsor

Web: Jigsaw Trading
AMA: Ask Me Anything
Webinars: Jigsaw Trading Webinars
Elite offer: Click here
 
 
Jigsaw Trading's Avatar
 
Posts: 2,982 since Nov 2010
Thanks: 825 given, 10,323 received


Jedi View Post
My broker who also trades live with a Ninja DOM saw the DOM and said that the background color is consistent with a live DOM, which should be light grey-white, not bleach white in color.. If the DOM colors has been altered, they have certainly done a remarkable job..

Nope - it takes 2 minutes. Right click the DOM and click "properties" and you see this:



This is perhaps one of the LEAST remarkable things you can do with NinjaTrader.

Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to Jigsaw Trading for this post:
 
(login for full post details)
  #31 (permalink)
 normal guy 
Victoria, British Columbia
 
Experience: None
Platform: Sierra Chart
Broker: Interactive Brokers
Trading: ES, 6E
 
Posts: 4 since Mar 2010
Thanks: 162 given, 7 received

One of his video in 2009 under Future section on his website shows that he traded real and big using X-trader.

50 Cars were sitting on the bid side of DOM with 0 EPIQ. Only 11 executed. Confirmed by T&S.

Besides 2009 live trading I have not found any solid evidence.

To me, it does not matter he trades live or sim as long as I can learn something from him than move on like BigMike said twice.



Cheers.

Reply With Quote
The following 3 users say Thank You to normal guy for this post:
 
(login for full post details)
  #32 (permalink)
 Silvester17 
Market Wizard
Columbus, OH
 
Experience: None
Platform: NT 8, TOS
Trading: ES
 
Silvester17's Avatar
 
Posts: 3,585 since Aug 2009
Thanks: 5,079 given, 11,380 received


Jedi View Post
My broker who also trades live with a Ninja DOM saw the DOM and said that the background color is consistent with a live DOM, which should be light grey-white, not bleach white in color.. If the DOM colors has been altered, they have certainly done a remarkable job..

Perhaps we can see something in time and sales to reflect his orders but sometimes its broken up to fill smaller orders. The size should also reflect his sitting orders but 99.9% of the time ES has enough size to cover over Lakai's size. I have not been able to witness otherwise personally..

I have to say that for the few weeks that I've seen him trade, he has been trading remarkably well overall and his method is the simplest I've seen and its clearly working..

Some ask why is he doing this? One explanation is its fun to be watched when you're performing something well especially when its something most don't believe can be done. How many of you played sports and enjoyed an audience? Often its the same with trading...

This doesn't negate the other comments that are clearly valid and he may well be trading sim.. but if he can maintain his performance with such a simple method of only price bars and time frames, its impressive even for sim..

as @Big Mike said before, and I completely agree, it doesn't matter if it's sim or live. if you can benefit from it good, if not don't waste your time.

and this is just for clarification. ray from nt was very kind to confirm my findings:




Reply With Quote
The following 2 users say Thank You to Silvester17 for this post:
 
(login for full post details)
  #33 (permalink)
 Jigsaw Trading  Jigsaw Trading is an official Site Sponsor
Site Sponsor

Web: Jigsaw Trading
AMA: Ask Me Anything
Webinars: Jigsaw Trading Webinars
Elite offer: Click here
 
 
Jigsaw Trading's Avatar
 
Posts: 2,982 since Nov 2010
Thanks: 825 given, 10,323 received

Jeeeeeeeeez

You can set the background colour for SIM to any colour.

Here is a live DOM next to a SIM DOM.

$300 on Paypal to ANYONE that can tell me that the RGB codes for the 2 screens are in any way different.


Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to Jigsaw Trading for this post:
 
(login for full post details)
  #34 (permalink)
 Silvester17 
Market Wizard
Columbus, OH
 
Experience: None
Platform: NT 8, TOS
Trading: ES
 
Silvester17's Avatar
 
Posts: 3,585 since Aug 2009
Thanks: 5,079 given, 11,380 received


DionysusToast View Post
Jeeeeeeeeez

You can set the background colour for SIM to any colour.

Here is a live DOM next to a SIM DOM.

$300 on Paypal to ANYONE that can tell me that the RGB codes for the 2 screens are in any way different.

yes, we all know that you can change the sim dom to any color you want. but that's not the point. the point is, you can't change the live dom colors.

btw nice trade, hope you got filled at 6.75

Reply With Quote
The following 2 users say Thank You to Silvester17 for this post:
 
(login for full post details)
  #35 (permalink)
 Jigsaw Trading  Jigsaw Trading is an official Site Sponsor
Site Sponsor

Web: Jigsaw Trading
AMA: Ask Me Anything
Webinars: Jigsaw Trading Webinars
Elite offer: Click here
 
 
Jigsaw Trading's Avatar
 
Posts: 2,982 since Nov 2010
Thanks: 825 given, 10,323 received


Silvester17 View Post
yes, we all know that you can change the sim dom to any color you want. but that's not the point. the point is, you can't change the live dom colors.

btw nice trade, hope you got filled at 6.75

Already filled - gracias.

You are right - the color you change is the "Simulation Color"

You can make SIM look like live.

You cannot make live look like SIM - but then - why would anyone want to do that????

Visit my futures io Trade Journal Reply With Quote
The following 2 users say Thank You to Jigsaw Trading for this post:
 
(login for full post details)
  #36 (permalink)
 wldman 
Market Wizard
Chicago Illinois USA
 
Experience: Advanced
Broker: IB, ToS
Trading: /ES, US Equities/Options
 
wldman's Avatar
 
Posts: 3,341 since Aug 2011
Thanks: 1,978 given, 8,856 received

who cares if it is sim or live? Make your own judgement about that if you need to count other peoples money to make you a better trader, but no doubt the forums could be dominitaed by sim trade bsd's and people that do not really trade or have any idea.

A simple review will determine if a "system" is robust and realistic to duplicate or mine for usefulness in one's own trading.

If real, most people will fail in their attempt to duplicate it anyway. I can see everything Tom Brady does and I can to a great extent do the same thing but it is simply not part of my genetic code nor do I have the right external influences to be an elite NFL quarterback.

I think it is somewhat naive for a similarly "regular guy" to think that he can watch some videos, read some books and "become" an elite trader, human nature and emotional forces are just to strong against for that to be routine....not to say many can't make or augment a reasonable living.

To offer just one simple clue about the authenticity of those proposed or referenced trades. I've been involved in professional trading for 20 years and in that time I'd say I know of maybe a couple hundred "sole props" or "locals" that are regularly bigger than 100 up and NONE of them would freely broadcast that outside of the crowd, especially not in a public forum like futures.io (formerly BMT).

Visit my futures io Trade Journal Reply With Quote
The following 3 users say Thank You to wldman for this post:
 
(login for full post details)
  #37 (permalink)
 Jigsaw Trading  Jigsaw Trading is an official Site Sponsor
Site Sponsor

Web: Jigsaw Trading
AMA: Ask Me Anything
Webinars: Jigsaw Trading Webinars
Elite offer: Click here
 
 
Jigsaw Trading's Avatar
 
Posts: 2,982 since Nov 2010
Thanks: 825 given, 10,323 received


wldman View Post
who cares if it is sim or live? Make your own judgement about that if you need to count other peoples money to make you a better trader, but no doubt the forums could be dominitaed by sim trade bsd's and people that do not really trade or have any idea.

What?

You'd better care if the guy you follow is trading SIM or not.

You want to follow someone who can't put their money where their mouth is?

Seriously - this is a tough game. People need to raise the bar, otherwise they'll entertain all sorts of nonsense.

Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #38 (permalink)
 Jigsaw Trading  Jigsaw Trading is an official Site Sponsor
Site Sponsor

Web: Jigsaw Trading
AMA: Ask Me Anything
Webinars: Jigsaw Trading Webinars
Elite offer: Click here
 
 
Jigsaw Trading's Avatar
 
Posts: 2,982 since Nov 2010
Thanks: 825 given, 10,323 received


wldman View Post
To offer just one simple clue about the authenticity of those proposed or referenced trades. I've been involved in professional trading for 20 years and in that time I'd say I know of maybe a couple hundred "sole props" or "locals" that are regularly bigger than 100 up and NONE of them would freely broadcast that outside of the crowd, especially not in a public forum like futures.io (formerly BMT).

On this, we can agree!

Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #39 (permalink)
 wldman 
Market Wizard
Chicago Illinois USA
 
Experience: Advanced
Broker: IB, ToS
Trading: /ES, US Equities/Options
 
wldman's Avatar
 
Posts: 3,341 since Aug 2011
Thanks: 1,978 given, 8,856 received


DionysusToast View Post
What?

You'd better care if the guy you follow is trading SIM or not.

You want to follow someone who can't put their money where their mouth is?

Seriously - this is a tough game. People need to raise the bar, otherwise they'll entertain all sorts of nonsense.

I misinterpreted that. I do not follow anyone so maybe that has something to do with it.

Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to wldman for this post:
 
(login for full post details)
  #40 (permalink)
 Jigsaw Trading  Jigsaw Trading is an official Site Sponsor
Site Sponsor

Web: Jigsaw Trading
AMA: Ask Me Anything
Webinars: Jigsaw Trading Webinars
Elite offer: Click here
 
 
Jigsaw Trading's Avatar
 
Posts: 2,982 since Nov 2010
Thanks: 825 given, 10,323 received


wldman View Post
I misinterpreted that. I do not follow anyone so maybe that has something to do with it.

On this, we can agree !!!


Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #41 (permalink)
 vvhg 
Northern Germany
 
Experience: Intermediate
Platform: NT
Trading: FDAX, CL
 
vvhg's Avatar
 
Posts: 1,583 since Mar 2011
Thanks: 1,016 given, 2,816 received


DionysusToast View Post
What?

You'd better care if the guy you follow is trading SIM or not.

You want to follow someone who can't put their money where their mouth is?

Seriously - this is a tough game. People need to raise the bar, otherwise they'll entertain all sorts of nonsense.

Best would be to not follow anyone, but learn to lead...learn to be your own leading indicator

vvhg

Hic Rhodos, hic salta.
Reply With Quote
 
(login for full post details)
  #42 (permalink)
 vvhg 
Northern Germany
 
Experience: Intermediate
Platform: NT
Trading: FDAX, CL
 
vvhg's Avatar
 
Posts: 1,583 since Mar 2011
Thanks: 1,016 given, 2,816 received

Oops, I was too late.


wldman View Post
I misinterpreted that. I do not follow anyone so maybe that has something to do with it.

@ wldman, seems like we think along the same lines there...

vvhg

Hic Rhodos, hic salta.
Reply With Quote
 
(login for full post details)
  #43 (permalink)
 Jigsaw Trading  Jigsaw Trading is an official Site Sponsor
Site Sponsor

Web: Jigsaw Trading
AMA: Ask Me Anything
Webinars: Jigsaw Trading Webinars
Elite offer: Click here
 
 
Jigsaw Trading's Avatar
 
Posts: 2,982 since Nov 2010
Thanks: 825 given, 10,323 received


vvhg View Post
Best would be to not follow anyone, but learn to lead...learn to be your own leading indicator

vvhg

I agree with that but this whole thread is about a messiah who obviously wants to be followed...

Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to Jigsaw Trading for this post:
 
(login for full post details)
  #44 (permalink)
 vvhg 
Northern Germany
 
Experience: Intermediate
Platform: NT
Trading: FDAX, CL
 
vvhg's Avatar
 
Posts: 1,583 since Mar 2011
Thanks: 1,016 given, 2,816 received


DionysusToast View Post
I agree with that but this whole thread is about a messiah who obviously wants to be followed...


There are many messiahs looking for followers...and even more followers looking for the messiah...plenty to choose from...
Nec audiendi qui solent dicere, Vox populi, vox Dei, quum tumultuositas vulgi semper insaniae proxima sit.

vvhg

Hic Rhodos, hic salta.
Reply With Quote
The following 2 users say Thank You to vvhg for this post:
 
(login for full post details)
  #45 (permalink)
 Big Mike 
Site Administrator
Swing Trader
Data Scientist & DevOps
Manta, Ecuador
 
Experience: Advanced
Platform: Custom solution
Trading: Futures & Crypto
 
Big Mike's Avatar
 
Posts: 49,983 since Jun 2009
Thanks: 32,458 given, 98,241 received


DionysusToast View Post
Jeeeeeeeeez

You can set the background colour for SIM to any colour.

Here is a live DOM next to a SIM DOM.

$300 on Paypal to ANYONE that can tell me that the RGB codes for the 2 screens are in any way different.


Further, you can fake the account number by creating a new account group and just make it look like a real account number.

Mike

We're here to help -- just ask

For the best trading education, watch our webinars
Searching for trading reviews? Review this list

Follow us on Twitter, YouTube, and Facebook

Support our community as an Elite Member:
https://futures.io/elite/

Visit other sites? Please spread the word about your experience with our community!
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following 2 users say Thank You to Big Mike for this post:
 
(login for full post details)
  #46 (permalink)
 Trafford 
London, England
 
Experience: Intermediate
Platform: Ninja
Broker: Mirus Futures/Zen-Fire
Trading: EUR
 
Trafford's Avatar
 
Posts: 337 since Sep 2010
Thanks: 378 given, 229 received


Big Mike View Post
Further, you can fake the account number by creating a new account group and just make it look like a real account number.

Mike


A friend of mine told me about the site because he had a copy of Margin Call on his site, which I watched - a bit overrated in my humble opinion.

Reply With Quote
 
(login for full post details)
  #47 (permalink)
 Jigsaw Trading  Jigsaw Trading is an official Site Sponsor
Site Sponsor

Web: Jigsaw Trading
AMA: Ask Me Anything
Webinars: Jigsaw Trading Webinars
Elite offer: Click here
 
 
Jigsaw Trading's Avatar
 
Posts: 2,982 since Nov 2010
Thanks: 825 given, 10,323 received


Big Mike View Post
Further, you can fake the account number by creating a new account group and just make it look like a real account number.

Mike

This is true indeed.

I presume you are accusing me of that, right? As you included my picture with your comment.

Is there some reason I've led you to believe I'm dishonest Mike?

Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #48 (permalink)
 wldman 
Market Wizard
Chicago Illinois USA
 
Experience: Advanced
Broker: IB, ToS
Trading: /ES, US Equities/Options
 
wldman's Avatar
 
Posts: 3,341 since Aug 2011
Thanks: 1,978 given, 8,856 received

give it a rest. There is no way to infer that...no evidence whatsoever that Mike thinks anything about you. You are starting to seem a little troll-ish. If you want to believe something is real or not, that is up to you. I say real! 100% authentic! Best trader/method living or dead. Everyone should take notice.

Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #49 (permalink)
 Big Mike 
Site Administrator
Swing Trader
Data Scientist & DevOps
Manta, Ecuador
 
Experience: Advanced
Platform: Custom solution
Trading: Futures & Crypto
 
Big Mike's Avatar
 
Posts: 49,983 since Jun 2009
Thanks: 32,458 given, 98,241 received


DionysusToast View Post
This is true indeed.

I presume you are accusing me of that, right? As you included my picture with your comment.

Is there some reason I've led you to believe I'm dishonest Mike?

No I am not accusing you of that. Why would I?

I am just trying to educate all the people who think "oh, it's a live dom!!" and get all excited. It can all be faked. Even if it was really live it makes no difference! Unless you are his accountant and have all of his tax returns and matching documents from his brokers, there is no way to ever know that just because his trade or day was profitable that he himself is profitable.

I just mean all this discussion of whether it is real or not is pointless. Assume it is fake. Assume it is a hoax and a lie. Then approach it and on those grounds, is it still useful? If yes, awesome. If no, move on. The need to try and copy someone just because they show you a glimpse of a trade or a day and you think they are king of the hill is crazy.

Likewise, just because someone may be trading on sim doesn't mean everything they say or show is worthless. They certainly can't speak to psychology or emotions, and I wouldn't listen to anything they say about risk management, but they may still have good points to make on trade setups or directional bias in the market, etc.

Just forget about cash vs sim because in the end, it makes zero difference on what is truly important. Every man for himself when it comes to trading. Stop trying to copy people and start trading for yourself.

None of this is directed at anyone in particular, but to just those in general who gravitate towards all these vendor threads.

Mike

We're here to help -- just ask

For the best trading education, watch our webinars
Searching for trading reviews? Review this list

Follow us on Twitter, YouTube, and Facebook

Support our community as an Elite Member:
https://futures.io/elite/

Visit other sites? Please spread the word about your experience with our community!
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following 6 users say Thank You to Big Mike for this post:
 
(login for full post details)
  #50 (permalink)
 Jigsaw Trading  Jigsaw Trading is an official Site Sponsor
Site Sponsor

Web: Jigsaw Trading
AMA: Ask Me Anything
Webinars: Jigsaw Trading Webinars
Elite offer: Click here
 
 
Jigsaw Trading's Avatar
 
Posts: 2,982 since Nov 2010
Thanks: 825 given, 10,323 received

OK Mike - if you say that wasn't a poke at me with the account number thing, fair enough.

As for SIM vs Real - this is quite important.

There is a lot of value in watching a profitable trader execute. This is one of the few ways to pick up on the nuance of a method. For instance, if someone says "give it a few moments", as a student, you'd come to your own conclusions on what "a few moments" is.

I dont agree with following someone or shadow trading but I do believe there is much value in being in a room (virtual of physical) with someone that knows what they are doing.

Someone that SIM trades, that cannot put their money where their mouth is - well that's a person that isn't able to trade. There is zero benefit in watching such a person. Such people should be learning, not teaching. They should be watching, not showing.

So - I feel these things are important, so that new entrants into trading don't get sucked up into a bullshit vortex.

Now - in terms of Mr TradeItDontDateIt.. I took liberty to record his DOM against mine. Now at this point I have to cross a line somewhat vendor-wise and tell you that my DOM shows the executions, so I can clearly see whether trades actually went through against a bid or not.

So - I watched & waited for him to make a trade. He was long 25 contracts and flipped to short. What I should have seen was 50 contracts hitting the bid and guess how many went through??? Yup - none at all.

It's fake, totally fake. He switched off shortly after making that trade.

I wont post the video as it could be construed as advertising but I will PM it to Mike.

Visit my futures io Trade Journal Reply With Quote
The following 3 users say Thank You to Jigsaw Trading for this post:
 
(login for full post details)
  #51 (permalink)
 bluemele 
Honolulu, Hawaii
 
Experience: Intermediate
Platform: NinjaTrader
Broker: ATC/TT, AMP/Zen-Fire, AMP/CQG
Trading: TF
 
bluemele's Avatar
 
Posts: 2,547 since Jun 2010
Thanks: 3,803 given, 2,836 received


DionysusToast View Post
OK Mike - if you say that wasn't a poke at me with the account number thing, fair enough.

As for SIM vs Real - this is quite important.

There is a lot of value in watching a profitable trader execute. This is one of the few ways to pick up on the nuance of a method. For instance, if someone says "give it a few moments", as a student, you'd come to your own conclusions on what "a few moments" is.

I dont agree with following someone or shadow trading but I do believe there is much value in being in a room (virtual of physical) with someone that knows what they are doing.

Someone that SIM trades, that cannot put their money where their mouth is - well that's a person that isn't able to trade. There is zero benefit in watching such a person. Such people should be learning, not teaching. They should be watching, not showing.

So - I feel these things are important, so that new entrants into trading don't get sucked up into a bullshit vortex.

Now - in terms of Mr TradeItDontDateIt.. I took liberty to record his DOM against mine. Now at this point I have to cross a line somewhat vendor-wise and tell you that my DOM shows the executions, so I can clearly see whether trades actually went through against a bid or not.

So - I watched & waited for him to make a trade. He was long 25 contracts and flipped to short. What I should have seen was 50 contracts hitting the bid and guess how many went through??? Yup - none at all.

It's fake, totally fake. He switched off shortly after making that trade.

I wont post the video as it could be construed as advertising but I will PM it to Mike.

He uses a special feed where only uber-wealthy traders who shop for handbags get to use. Gosh, didn't you know that!

Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #52 (permalink)
 cory 
the coin hunter
virginia
 
Experience: Intermediate
Platform: ninja
Trading: NQ
 
cory's Avatar
 
Posts: 6,042 since Jun 2009
Thanks: 854 given, 7,910 received


DionysusToast View Post
This is true indeed.

I presume you are accusing me of that, right? As you included my picture with your comment.

Is there some reason I've led you to believe I'm dishonest Mike?

on the net, that is how you 'join' the same train of though by including what already 'said'.

Reply With Quote
 
(login for full post details)
  #53 (permalink)
 cory 
the coin hunter
virginia
 
Experience: Intermediate
Platform: ninja
Trading: NQ
 
cory's Avatar
 
Posts: 6,042 since Jun 2009
Thanks: 854 given, 7,910 received


bluemele View Post
He uses a special feed where only uber-wealthy traders who shop for handbags get to use. Gosh, didn't you know that!

he left out the part he clicks back and cancels all orders imm.

Reply With Quote
The following user says Thank You to cory for this post:
 
(login for full post details)
  #54 (permalink)
 BeachTrader 
San Diego
 
Experience: Beginner
Platform: NinjaTrader
Broker: AMP / CQG
Trading: CL, ES, NQ
 
BeachTrader's Avatar
 
Posts: 310 since Nov 2011
Thanks: 153 given, 427 received

Does he trade live? I checked out livestream and it appears he is showing old charts from 2011.

Reply With Quote
 
(login for full post details)
  #55 (permalink)
 Jigsaw Trading  Jigsaw Trading is an official Site Sponsor
Site Sponsor

Web: Jigsaw Trading
AMA: Ask Me Anything
Webinars: Jigsaw Trading Webinars
Elite offer: Click here
 
 
Jigsaw Trading's Avatar
 
Posts: 2,982 since Nov 2010
Thanks: 825 given, 10,323 received


BeachTrader View Post
Does he trade live? I checked out livestream and it appears he is showing old charts from 2011.

He does SIM trade - usually between tea time & when his mom tells him to turn his lights out.

About 9/10pm EST is when he's at it....

Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to Jigsaw Trading for this post:
 
(login for full post details)
  #56 (permalink)
 BeachTrader 
San Diego
 
Experience: Beginner
Platform: NinjaTrader
Broker: AMP / CQG
Trading: CL, ES, NQ
 
BeachTrader's Avatar
 
Posts: 310 since Nov 2011
Thanks: 153 given, 427 received

He appears to be trading live today. Why would he SIM trade with those results? He seems to be a really good trader. Makes no sense not to make real money, even with reduced contract size.

Reply With Quote
 
(login for full post details)
  #57 (permalink)
 wldman 
Market Wizard
Chicago Illinois USA
 
Experience: Advanced
Broker: IB, ToS
Trading: /ES, US Equities/Options
 
wldman's Avatar
 
Posts: 3,341 since Aug 2011
Thanks: 1,978 given, 8,856 received


BeachTrader View Post
He appears to be trading live today. Why would he SIM trade with those results? He seems to be a really good trader. Makes no sense not to make real money, even with reduced contract size.

If your not ringing it up toady turn in the mouse and look for your wing-tips.

Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #58 (permalink)
 Jedi 
SF Bay Area
 
Experience: Advanced
Platform: Sierra
Broker: Multiple
Trading: CL, ES
 
Jedi's Avatar
 
Posts: 564 since Nov 2011
Thanks: 546 given, 589 received


wldman View Post
If your not ringing it up toady turn in the mouse and look for your wing-tips.

That's assuming the trader went long and stayed long from the morning pullback.. The entire 40-42 level can also be seen as a potential short. I have not followed him lately but from what I saw when I did, he seems to have some trading skills and I often wonder the same thing myself but I'm done guessing around this...

Reply With Quote
 
(login for full post details)
  #59 (permalink)
 Jigsaw Trading  Jigsaw Trading is an official Site Sponsor
Site Sponsor

Web: Jigsaw Trading
AMA: Ask Me Anything
Webinars: Jigsaw Trading Webinars
Elite offer: Click here
 
 
Jigsaw Trading's Avatar
 
Posts: 2,982 since Nov 2010
Thanks: 825 given, 10,323 received


BeachTrader View Post
He appears to be trading live today. Why would he SIM trade with those results? He seems to be a really good trader. Makes no sense not to make real money, even with reduced contract size.

Did you see complete trades from start to end - begin to close.

Just asking 'cause whenever I watched it, he'd open up with a trade already in progress..

Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #60 (permalink)
 bluemele 
Honolulu, Hawaii
 
Experience: Intermediate
Platform: NinjaTrader
Broker: ATC/TT, AMP/Zen-Fire, AMP/CQG
Trading: TF
 
bluemele's Avatar
 
Posts: 2,547 since Jun 2010
Thanks: 3,803 given, 2,836 received

Anyone can turn profitable via SIM if they treat is like SIM!

It is the easiest thing in the world to be a profitable trader via SIM....

Do not let SIM traders fool you...

Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #61 (permalink)
 Trafford 
London, England
 
Experience: Intermediate
Platform: Ninja
Broker: Mirus Futures/Zen-Fire
Trading: EUR
 
Trafford's Avatar
 
Posts: 337 since Sep 2010
Thanks: 378 given, 229 received

Is this guy selling something? I am a bit bemused by the interest that he is creating or is that it he is able to drive suspecting traders to his site. Ah curiosity one the tools used by skilled persuaders and marketeers, so it does work!

Reply With Quote
 
(login for full post details)
  #62 (permalink)
 wldman 
Market Wizard
Chicago Illinois USA
 
Experience: Advanced
Broker: IB, ToS
Trading: /ES, US Equities/Options
 
wldman's Avatar
 
Posts: 3,341 since Aug 2011
Thanks: 1,978 given, 8,856 received

that real risk in a live market is not the same as a video game? Are you serious?

Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #63 (permalink)
 BeachTrader 
San Diego
 
Experience: Beginner
Platform: NinjaTrader
Broker: AMP / CQG
Trading: CL, ES, NQ
 
BeachTrader's Avatar
 
Posts: 310 since Nov 2011
Thanks: 153 given, 427 received


BeachTrader View Post
He appears to be trading live today. Why would he SIM trade with those results? He seems to be a really good trader. Makes no sense not to make real money, even with reduced contract size.

Guys my point is if this dude wants to show off his trading, use a live account and not a demo. It is no fun to watch a SIM account.

Reply With Quote
 
(login for full post details)
  #64 (permalink)
 TheTradeSlinger 
Huntington WV
 
Experience: Advanced
Platform: TradeStation
Trading: ES, CL
 
TheTradeSlinger's Avatar
 
Posts: 430 since Jun 2015
Thanks: 714 given, 589 received

Ha just found this thread.

Lak is a real trader that has been trading for 8 years or so and worked his way up to what you see today.

I've been talking with him for nearly 3 years now and learning by watching him livestream his trades.

He's the real deal and so many choose not to believe it because they doubt they're own ability in trading.

They see some guy making hundreds of thousands in a day and choose ignorance and say "oh it cant be real for _______ reason" all the while wishing it wasn't real because they feel they will never match up to his performance.

Lak himself says anyone can learn to trade, its a skill, not an innate ability. It took him years to get to where he is, years of constant work and study and really figuring out how markets move.

Frankly, I'm ashamed of the members of futures.io (formerly BMT) in this thread that said Lak is fake.

@Big Mike had it right: "Does it help you be a better trade? Yes/No. If yes, learn from it. If no, move on."

Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #65 (permalink)
 billsingh 
San jose
 
Experience: Advanced
Platform: Thinkorswim
Trading: Stock
 
Posts: 174 since Jun 2014
Thanks: 133 given, 66 received


TheTradeSlinger View Post
Ha just found this thread.

Lak is a real trader that has been trading for 8 years or so and worked his way up to what you see today.

I've been talking with him for nearly 3 years now and learning by watching him livestream his trades.

He's the real deal and so many choose not to believe it because they doubt they're own ability in trading.

They see some guy making hundreds of thousands in a day and choose ignorance and say "oh it cant be real for _______ reason" all the while wishing it wasn't real because they feel they will never match up to his performance.

Lak himself says anyone can learn to trade, its a skill, not an innate ability. It took him years to get to where he is, years of constant work and study and really figuring out how markets move.

Frankly, I'm ashamed of the members of futures.io (formerly BMT) in this thread that said Lak is fake.

@Big Mike had it right: "Does it help you be a better trade? Yes/No. If yes, learn from it. If no, move on."

@TheTradeSlinger where I can find more info on Lak's trading....his website etc..... Thanks in advance.

Reply With Quote
 
(login for full post details)
  #66 (permalink)
 Tymbeline 
Leeds UK
 
Experience: Intermediate
Platform: TradingView
Broker: LCG, Oanda
Trading: ES, 6E, Cable
 
Tymbeline's Avatar
 
Posts: 474 since Apr 2015
Thanks: 1,254 given, 656 received


TheTradeSlinger View Post
Lak himself says anyone can learn to trade, its a skill, not an innate ability.

Obviously it's a skill rather than an innate ability, but it doesn't follow from this that it's a skill "anyone can learn". Not everyone is capable of the necessary patience and discipline, for a start, and there are some other essential qualities, too.


TheTradeSlinger View Post
I'm ashamed of the members of futures.io (formerly BMT) in this thread that said Lak is fake.

I have no opinion of whether or not he's fake, but the statement you quote above certainly doesn't endear him to me on the credibility front.

Reply With Quote
The following user says Thank You to Tymbeline for this post:
 
(login for full post details)
  #67 (permalink)
 TheTradeSlinger 
Huntington WV
 
Experience: Advanced
Platform: TradeStation
Trading: ES, CL
 
TheTradeSlinger's Avatar
 
Posts: 430 since Jun 2015
Thanks: 714 given, 589 received


billsingh View Post
@TheTradeSlinger where I can find more info on Lak's trading....his website etc..... Thanks in advance.

I would start with his YouTube videos. Search "tradeitdontdateit" and you'll find his channel. Start with the old videos and work your way up, tons to be learned just by watching.

He also livestreams his trading at livestream.com/tradeitdontdateit, but he recently cut back on that a good bit.

He doesn't teach, he just trades.

I find the videos and live streaming to be more inspirational than anything else.

Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to TheTradeSlinger for this post:
 
(login for full post details)
  #68 (permalink)
 TheTradeSlinger 
Huntington WV
 
Experience: Advanced
Platform: TradeStation
Trading: ES, CL
 
TheTradeSlinger's Avatar
 
Posts: 430 since Jun 2015
Thanks: 714 given, 589 received


Tymbeline View Post
Obviously it's a skill rather than an innate ability, but it doesn't follow from this that it's a skill "anyone can learn". Not everyone is capable of the necessary patience and discipline, for a start, and there are some other essential qualities, too.

100% agree with you.

Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to TheTradeSlinger for this post:
 
(login for full post details)
  #69 (permalink)
 xplorer 
Site Moderator
London UK
 
Experience: Beginner
Platform: CQG
Broker: S5
Trading: Futures
 
xplorer's Avatar
 
Posts: 5,349 since Sep 2015
Thanks: 13,480 given, 12,937 received


BeachTrader View Post
He appears to be trading live today. Why would he SIM trade with those results? He seems to be a really good trader. Makes no sense not to make real money, even with reduced contract size.

Responding to an old post but he would have to trade SIM with those results if he didn't have the margin required to trade it live. You can't trade 100+ lots on a small account.

Reply With Quote
 
(login for full post details)
  #70 (permalink)
 xplorer 
Site Moderator
London UK
 
Experience: Beginner
Platform: CQG
Broker: S5
Trading: Futures
 
xplorer's Avatar
 
Posts: 5,349 since Sep 2015
Thanks: 13,480 given, 12,937 received


TheTradeSlinger View Post
Ha just found this thread.

Lak is a real trader that has been trading for 8 years or so and worked his way up to what you see today.

I've been talking with him for nearly 3 years now and learning by watching him livestream his trades.

He's the real deal and so many choose not to believe it because they doubt they're own ability in trading.

They see some guy making hundreds of thousands in a day and choose ignorance and say "oh it cant be real for _______ reason" all the while wishing it wasn't real because they feel they will never match up to his performance.

Lak himself says anyone can learn to trade, its a skill, not an innate ability. It took him years to get to where he is, years of constant work and study and really figuring out how markets move.

Frankly, I'm ashamed of the members of futures.io (formerly BMT) in this thread that said Lak is fake.

@ Big Mike had it right: "Does it help you be a better trade? Yes/No. If yes, learn from it. If no, move on."

Something does not add up. If we have people on this forum stating that they recorded Order Flow against his trades and when Lak claimed to trade x contracts they did not show on the recorded Tape/Order Flow on the other side, wouldn't that be suspicious?

Reply With Quote
 
(login for full post details)
  #71 (permalink)
 CinderellaMan 
Orlando, Florida
 
Experience: Beginner
Platform: Ninjatrader
Trading: CL, YM
 
CinderellaMan's Avatar
 
Posts: 147 since Nov 2015
Thanks: 529 given, 266 received

In to read later.

Reply With Quote
 
(login for full post details)
  #72 (permalink)
 TheTradeSlinger 
Huntington WV
 
Experience: Advanced
Platform: TradeStation
Trading: ES, CL
 
TheTradeSlinger's Avatar
 
Posts: 430 since Jun 2015
Thanks: 714 given, 589 received


xplorer View Post
Something does not add up. If we have people on this forum stating that they recorded Order Flow against his trades and when Lak claimed to trade x contracts they did not show on the recorded Tape/Order Flow on the other side, wouldn't that be suspicious?

You also have people in this thread pointing out that yes, they did see the orders go through.

Different feeds show different order flows. Just opening various time and tick charts can be off depending on brokerage to brokerage.

Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #73 (permalink)
 xplorer 
Site Moderator
London UK
 
Experience: Beginner
Platform: CQG
Broker: S5
Trading: Futures
 
xplorer's Avatar
 
Posts: 5,349 since Sep 2015
Thanks: 13,480 given, 12,937 received


TheTradeSlinger View Post
You also have people in this thread pointing out that yes, they did see the orders go through.

Different feeds show different order flows. Just opening various time and tick charts can be off depending on brokerage to brokerage.

I've gone through the thread again - perhaps you could point me to where people say that they did see the orders go through? I can't find it myself. Thx.

Reply With Quote
 
(login for full post details)
  #74 (permalink)
Pedro40
Pittsburgh, Pennsylvania
 
 
Posts: 563 since Jan 2013
Thanks: 33 given, 377 received


xplorer View Post
Responding to an old post but he would have to trade SIM with those results if he didn't have the margin required to trade it live. You can't trade 100+ lots on a small account.

It is kind of a moot point because the guy retired in last August according to TradeSlinger. If he actually made those profits and retired while the going was still good, I lift my fedora off to him...

His website seems to be down. Of course there is the possibility he was doing SIMs, but again, it is a moot point now...

Edit: There is a separate current thread discussing this guy and apparently he is still in business:



Edit2: According to the #3 post in the above thread, he just came back to trading and live streaming last week..

Reply With Quote
 
(login for full post details)
  #75 (permalink)
 TheTradeSlinger 
Huntington WV
 
Experience: Advanced
Platform: TradeStation
Trading: ES, CL
 
TheTradeSlinger's Avatar
 
Posts: 430 since Jun 2015
Thanks: 714 given, 589 received


xplorer View Post
I've gone through the thread again - perhaps you could point me to where people say that they did see the orders go through? I can't find it myself. Thx.

Post #31 in this thread.

Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following 2 users say Thank You to TheTradeSlinger for this post:
 
(login for full post details)
  #76 (permalink)
 Jigsaw Trading  Jigsaw Trading is an official Site Sponsor
Site Sponsor

Web: Jigsaw Trading
AMA: Ask Me Anything
Webinars: Jigsaw Trading Webinars
Elite offer: Click here
 
 
Jigsaw Trading's Avatar
 
Posts: 2,982 since Nov 2010
Thanks: 825 given, 10,323 received


TheTradeSlinger View Post
You also have people in this thread pointing out that yes, they did see the orders go through.

Different feeds show different order flows. Just opening various time and tick charts can be off depending on brokerage to brokerage.

Actually, the CQG/IQFeed time & sales are complete.

They don't show different order flows.

I think the guy switched to market orders when he realized it was clear his limit orders weren't increasing the amount on the order book ;-)

Here's an example showing the addition of 50 contracts at 2 levels, yet the order book stays the same....









The best cons are the ones that people really, really want to believe.

If you have any questions about the products or services provided, please send me a Private Message or use the futures.io "Ask Me Anything" thread
Visit my futures io Trade Journal Reply With Quote
The following 5 users say Thank You to Jigsaw Trading for this post:
 
(login for full post details)
  #77 (permalink)
 Jigsaw Trading  Jigsaw Trading is an official Site Sponsor
Site Sponsor

Web: Jigsaw Trading
AMA: Ask Me Anything
Webinars: Jigsaw Trading Webinars
Elite offer: Click here
 
 
Jigsaw Trading's Avatar
 
Posts: 2,982 since Nov 2010
Thanks: 825 given, 10,323 received


normal guy View Post
One of his video in 2009 under Future section on his website shows that he traded real and big using X-trader.

50 Cars were sitting on the bid side of DOM with 0 EPIQ. Only 11 executed. Confirmed by T&S.

Besides 2009 live trading I have not found any solid evidence.

To me, it does not matter he trades live or sim as long as I can learn something from him than move on like BigMike said twice.



Cheers.

Don't forget that both CQG and TT have Demo Accounts that simulate real fills.

Ninja SIM101 doesn't have that.

If you have any questions about the products or services provided, please send me a Private Message or use the futures.io "Ask Me Anything" thread
Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #78 (permalink)
Pedro40
Pittsburgh, Pennsylvania
 
 
Posts: 563 since Jan 2013
Thanks: 33 given, 377 received

I will call bullshit on this guy for 3 reasons:

1. The general rule with these type of claims that it is all BS, until proven otherwise.

2. If the guy is really making so much, why would he care about sharing and dealing with subscribers?

3. Also, why did he stop in last August and why is the website down right now?

Addressing point #2, I am all for diversification and it could be a good idea of sharing and getting extra money if it doesn't interfere with the core business, which is real life trading. But hassling with subscribers can be just too much and not worth the distraction.

Addressing point #1, it kind of doesn't matter if sim or real, as long as the followers can profit from it by either learning something or copying the trades. As long as one of those occur, who cares if it is not real money?? As was mentioned above, check it out, if you can use it good, if not, move on....

Reply With Quote
 
(login for full post details)
  #79 (permalink)
 TheTradeSlinger 
Huntington WV
 
Experience: Advanced
Platform: TradeStation
Trading: ES, CL
 
TheTradeSlinger's Avatar
 
Posts: 430 since Jun 2015
Thanks: 714 given, 589 received


DionysusToast View Post
Actually, the CQG/IQFeed time & sales are complete.

They don't show different order flows.

I think the guy switched to market orders when he realized it was clear his limit orders weren't increasing the amount on the order book ;-)

Here's an example showing the addition of 50 contracts at 2 levels, yet the order book stays the same....

The best cons are the ones that people really, really want to believe.

I'm not an expert on how various data feeds show fills and resting orders.

I am an expert on the fact that I've known Lak for nearly 5 years and that he is a real trader and that I look up to him and want to be like him.

Know how they say those that can't do teach? Maybe those in the trading world that can't trade sell indicators?

Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #80 (permalink)
 TheTradeSlinger 
Huntington WV
 
Experience: Advanced
Platform: TradeStation
Trading: ES, CL
 
TheTradeSlinger's Avatar
 
Posts: 430 since Jun 2015
Thanks: 714 given, 589 received


Pedro40 View Post
2. If the guy is really making so much, why would he care about sharing and dealing with subscribers?

3. Also, why did he stop in last August and why is the website down right now?

Addressing point #1, it kind of doesn't matter if sim or real, as long as the followers can profit from it by either learning something or copying the trades. As long as one of those occur, who cares if it is not real money?? As was mentioned above, check it out, if you can use it good, if not, move on....

#2: There are no subscribers. It's a guy livestreaming (sometimes!) his trading and chatting with people he's known a long time.

#3: Not sure about August, but he "retired" sometime late last year close to that limit down day we had in the ES. Truly though, i doubt he will "retire" for years, he loves trading too much (all in my opinion).

"Addressing point #1, it kind of doesn't matter if sim or real, as long as the followers can profit from it by either learning something or copying the trades. As long as one of those occur, who cares if it is not real money?? As was mentioned above, check it out, if you can use it good, if not, move on...."

Wiser words were never spoken!

Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #81 (permalink)
JoeMich
california los angeles
 
 
Posts: 21 since Jan 2016
Thanks: 4 given, 8 received


TheTradeSlinger View Post
#2: There are no subscribers. It's a guy livestreaming (sometimes!) his trading and chatting with people he's known a long time.

#3: Not sure about August, but he "retired" sometime late last year close to that limit down day we had in the ES. Truly though, i doubt he will "retire" for years, he loves trading too much (all in my opinion).

"Addressing point #1, it kind of doesn't matter if sim or real, as long as the followers can profit from it by either learning something or copying the trades. As long as one of those occur, who cares if it is not real money?? As was mentioned above, check it out, if you can use it good, if not, move on...."

Wiser words were never spoken!

Hey I think this guy lakai can trade and there are things that we all can learn from. For a guy making money like that, people will get suspicious. I still dont believe that a person managed to trade 500+lots in only 3 years experience in future trading as shown in his 2010 video. That would take a millions dollar account. making millions with a starting capital of 10k is not easy to do.

Reply With Quote
 
(login for full post details)
  #82 (permalink)
Pedro40
Pittsburgh, Pennsylvania
 
 
Posts: 563 since Jan 2013
Thanks: 33 given, 377 received


TheTradeSlinger View Post
#3: Not sure about August, but he "retired" sometime late last year close to that limit down day we had in the ES.

Well, you wrote it in another thread back then that he retired. If it happened after a huge move, he might have lost a ton and didn't feel like sharing anymore.

If he doesn't have subscribers I can actually see the reason of sharing. It keeps one sharper and also a bit more entertained.

Anyway, I wanted to ask you: You have been following him for 3 years, but according to your journal, you still have issues with your trading. So what did you learn from him and what was what you still need to work on? (I think one was sticking to winners longer)

Reply With Quote
 
(login for full post details)
  #83 (permalink)
 Jigsaw Trading  Jigsaw Trading is an official Site Sponsor
Site Sponsor

Web: Jigsaw Trading
AMA: Ask Me Anything
Webinars: Jigsaw Trading Webinars
Elite offer: Click here
 
 
Jigsaw Trading's Avatar
 
Posts: 2,982 since Nov 2010
Thanks: 825 given, 10,323 received


TheTradeSlinger View Post
I'm not an expert on how various data feeds show fills and resting orders.

I am an expert on the fact that I've known Lak for nearly 5 years and that he is a real trader and that I look up to him and want to be like him.

Know how they say those that can't do teach? Maybe those in the trading world that can't trade sell indicators?

With futures, it's quite simple.

There is one single exchange and all the feeds come from that one exchange.

So it's the most transparent market. When one person submits a limit order, we all see it.

I don't know Lak, or whether he can trade - but I do know that video was SIM based on the fact that the order book never showed his order.

People can do the same as I did for other videos of his (before he stopped using limit orders on his videos) - they will see the same thing.

If you have any questions about the products or services provided, please send me a Private Message or use the futures.io "Ask Me Anything" thread
Visit my futures io Trade Journal Reply With Quote
The following 4 users say Thank You to Jigsaw Trading for this post:
 
(login for full post details)
  #84 (permalink)
 TheTradeSlinger 
Huntington WV
 
Experience: Advanced
Platform: TradeStation
Trading: ES, CL
 
TheTradeSlinger's Avatar
 
Posts: 430 since Jun 2015
Thanks: 714 given, 589 received


Pedro40 View Post
Anyway, I wanted to ask you: You have been following him for 3 years, but according to your journal, you still have issues with your trading. So what did you learn from him and what was what you still need to work on? (I think one was sticking to winners longer)

He doesn't teach or mentor anyone.

I have been following his work for 5 years (videos/livestream), chatting and getting to know him for 3 years.

I learned levels, S/R, momentum, and most importantly that trading for a living is possible from him.

@Pedro40, my main issue these days is holding my winners to my intended targets, but I am getting better and better at that each day it seems like (or at least I hope lol). I realized there was a major disconnect between my analysis of the markets which is usually spot on, and my execution of my analysis or plan.

Actually, believe it or not (lol! not referring to you Pedro, but this whole thread), I spoke with Lak over the phone about this issue a few weeks ago and I figured out what I had to do to improve, which is to just do it. There's no "feel good" crap that can help one improve, one just has to do it. Took me a while to realize that, but my results have improved a great deal since coming to that realization.

I hope you guys can realize I am the biggest cheerleader in the world for Lak and his work because it helped me a lot, literally wouldn't be where I am sitting at my desk if it weren't for me finding his work and I getting interested enough to begin trading futures.

I share this with you guys because that is the nature of futures.io (BMT!) to share with one another things we have found to be helpful in our journeys to successful trading.

Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #85 (permalink)
 TheTradeSlinger 
Huntington WV
 
Experience: Advanced
Platform: TradeStation
Trading: ES, CL
 
TheTradeSlinger's Avatar
 
Posts: 430 since Jun 2015
Thanks: 714 given, 589 received


DionysusToast View Post
With futures, it's quite simple.

There is one single exchange and all the feeds come from that one exchange.

So it's the most transparent market. When one person submits a limit order, we all see it.

I don't know Lak, or whether he can trade - but I do know that video was SIM based on the fact that the order book never showed his order.

People can do the same as I did for other videos of his (before he stopped using limit orders on his videos) - they will see the same thing.

Does him being a member of the CME have anything to do with his orders? He trades through a prime brokerage account as well.

Like I said, I have no idea how all the orders and what not work, but I do know he trades for real.

Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #86 (permalink)
 jz166 
NY, USA
 
Experience: Intermediate
Platform: NT/IB TWS
Broker: IB
Trading: ES
 
Posts: 951 since Sep 2009
Thanks: 813 given, 444 received


TheTradeSlinger View Post
He doesn't teach or mentor anyone.

I have been following his work for 5 years (videos/livestream), chatting and getting to know him for 3 years.

I learned levels, S/R, momentum, and most importantly that trading for a living is possible from him.

@Pedro40, my main issue these days is holding my winners to my intended targets, but I am getting better and better at that each day it seems like (or at least I hope lol). I realized there was a major disconnect between my analysis of the markets which is usually spot on, and my execution of my analysis or plan.

Actually, believe it or not (lol! not referring to you Pedro, but this whole thread), I spoke with Lak over the phone about this issue a few weeks ago and I figured out what I had to do to improve, which is to just do it. There's no "feel good" crap that can help one improve, one just has to do it. Took me a while to realize that, but my results have improved a great deal since coming to that realization.

I hope you guys can realize I am the biggest cheerleader in the world for Lak and his work because it helped me a lot, literally wouldn't be where I am sitting at my desk if it weren't for me finding his work and I getting interested enough to begin trading futures.

I share this with you guys because that is the nature of futures.io (BMT!) to share with one another things we have found to be helpful in our journeys to successful trading.


just found this thread and totally agree with what you said about trader Lak.

Reply With Quote
The following user says Thank You to jz166 for this post:
 
(login for full post details)
  #87 (permalink)
 Oysteryx 
New York, NY
 
Experience: Master
Platform: Various
Trading: Everything that moves
 
Oysteryx's Avatar
 
Posts: 217 since Feb 2014
Thanks: 340 given, 464 received

tradeitdontdateit was brought to my attn recently on a chatroom I participate in. I was amazed to find intelligent people wanting to believe those trading videos represented live trading.

Videos show a 700 lot trader.

Video are 100% sim trading.

1) If trading that size, you do not execute on Ninja. Retail platforms are not trustworthy in fast markets. Ticks matter.

2) If trading that size, and trading high frequency intraday bars, you do not chart and execute on different platforms.

3) As pointed out, futures orders are for everyone to see and show on Times Sales - if a 100 lot order is not there, it did not happen.

He/she may be or have been a real live trader, or not. But the videos are sim. Fun, maybe, but sim.

Its hard to understand how can anyone who has actually traded can find sim trading inspirational. Sim traders face no emotional obstacles and can average down and play the martingale to get out of any drawdown, always coming out on top.

People believes what they want to believe.

Guruitis is a disease.

Follow me on Twitter Reply With Quote
The following 2 users say Thank You to Oysteryx for this post:


futures io Trading Community Trading Reviews and Vendors > Inspiration or hoax?! Trade it don't Date it (www.tradeitdontdateit.com)


Last Updated on July 13, 2017


Upcoming Webinars and Events
 

NinjaTrader Indicator Challenge!

Ongoing
 

Journal Challenge w/$1,800 in prizes!

April

Seven Trading Mistakes Solved With Smart Trading Tools w/Brannigan Barrett

Elite only
     



Copyright © 2021 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