barjon
Legendary member
- Messages
- 10,752
- Likes
- 1,863
Btw just noticed the ban. In all fairness to barjon
"Told you so..."
So now what do we do for entertainment?
jon
Btw just noticed the ban. In all fairness to barjon
"Told you so..."
So now what do we do for entertainment?
If it creates traffic, then yes of course it will.
I suspect this is a rhetorical question, you've been around long enough to know the the score.
The interesting thing is how much more can they actually dumb down content before losing all credability, and hitting the point where even the most inexperienced new member figures out that they'd be better off reading womens realm for trading advice ? Surely we cant be too far away from that point.
![]()
well the object of the exercise was to get real time, auditable trades(calls) entries and exits and see how it went. That's a far cry from what we usually have to suffer from most vendor types and thus worth the effort I thought.
jon
Well jon, how about that? Littleangel was wallstreet all along...and he would have got away with it if it weren't for those meddling kids!
![]()
well the object of the exercise was to get real time, auditable trades(calls) entries and exits and see how it went. That's a far cry from what we usually have to suffer from most vendor types and thus worth the effort I thought.
Guys... This has been fun. It aint a conspiracy. It really didnt generate more dosh for t2w. Barjon just wants to give people benefit of the doubt. Some of us are a bit less forgiving
Saying that - its the less forgiving group that are right in the main
No it wasnt.
From time to time, I've been kind enough to teach people the method that I trade. One of the exercises I set them is to take completely random, short term demo trades over a period of several months.
After those trade have been completed, I ask them to plot an equity curve. Not surprisingly, the equity curve generally has a negative gradient.
I then get them to re plot the equity curve but fiddle the numbers to assume that each trade actually made 1 pip more than it actualy did. A 10 pip winner becomes 11 pips, and a 25 pip loser becomes a 24 pip loser etc
I think its fair to say most people who do that have been pretty shocked at the difference it makes. Then add 2 pips and see the effect !
The truth is, a vendor who is able to manipulate a pip on entry, and a pip on exit can put put together a pretty impressive track record simply by tossing a coin.
The question has to be, is it possible to fraudulently claim an entry 1 pip away from where you where actually filled posting entries and exits at a forum. The answer to that question should be bleeding obvious.
Add the issue of multiple exits into the mix, and a little discrepency about how many lots where opened and closed and at what price, and any idiot can put together an extremely impressive track record.
I'm tempted just for lulz to post live calls via twitter from one of my random robots, I'll manipulate the prices by shaving a pip off here and there, and even with a few seconds latency, I guarentee not a single person here at t2w will spot what I'm doing, and I guarentee that I'll return an average of 10% per month. The reality of course is that the robot will lose money.
It is actually beyod belief that a moderator at a trading forum would fall for this nonsense. Anyone whose actually even attepted to make a few quid from the markets for more than 30 seconds understands how these games are played.
T2W should collectively hang their heads in shame. You could insist that vendors trade via that forex desk abomination you are all so fascinated with. That really would be quality lulz.
I
The truth is, a vendor who is able to manipulate a pip on entry, and a pip on exit can put put together a pretty impressive track record simply by tossing a coin.
The question has to be, is it possible to fraudulently claim an entry 1 pip away from where you where actually filled posting entries and exits at a forum. The answer to that question should be bleeding obvious.
It is actually beyod belief that a moderator at a trading forum would fall for this nonsense. Anyone whose actually even attepted to make a few quid from the markets for more than 30 seconds understands how these games are played.
Yes, perhaps, but is the result worth it? How many sincere posters get trashed or do not want the hassle?
None - this was obvious from post 1.
The fact is, you don't see it but others do.
Of course you are right and that is why account statements should be provided.
As for impossible to spot. It is EASY to spot but you have to be bothered to do the checking in the first place and the trade times have to be in seconds.
As for posting live calls/trades - why would anyone sincere bother unless they are selling something - there is no upside unless you are on some kind of ego-fest. On a medium such as this it is impossible to post live trades anyway unless taking off a long t/f trigger (4hr +) where entry is not so critical. On smaller t/f's it is of no use to the reader as they will always invariably be late if the poster is actually trading (their 1st priority surely ?)
G/L
From this post alone I can tell that you've never traded in your life
It has zero to do with ego or selling. All too often when sincere advice is being given the rebuff by those who are incredulous is usually something like; "What a load of crap, you probably have never traded in your life". That is the sort of nonsense I get bombarded with whenever I tell people to keep stops tight. I have much more respect for people who have the courage to post live trades/calls then those who just recite mainstream textbook drivel.
I will get one of my students to prove you wrong.
............No Jon - you were fished in.......