There are different types of professional traders, and I would hazard a guess (not really a guess) that the really big players work for themselves. All totally anonymous, they are not the publicised superstars in books.
But they make more than most can imagine possible, both in terms of pips/pts and currency. The bottom line is and always will be liquidity for the select few. To ever even mention what they do would be pointless because most simply cannot believe or comprehend that it can be done.
Although these type of traders are not operating from their bedroom, they do work for themselves, from the environment they choose.
You cannot compare traders who work for bank or prop firms with these individuals, as they are leagues/worlds apart. One group is totally independent, the other group are spoon fed methods/techniques to best take advantage of the "latest" small edge.
So it is a similar situation we have here. Im cynical of the true ability of anyone who states they are a trader and then states they work for a firm/bank etc. In this business, if you really, really , really know what you are doing you work for no-one period! Why would anybody want to commit to working hours, bosses, red tape, contracts when they could do it themselves. No company could ever pay you what you could make doing this on your own.
Major Dutch has been open and stated what his mission was, he/she has not come to get in any slanging matches. He/she now has the results, and the fact that he/she has not signed up for life must tell you something. The fact that MD has to go back to work next week shows the belief in the service being able to obtain the results stated. Either that or MD loves the job/business he/she is in.
It is really very simple, you are either able to obtain the same prices as WS or you are not. If you cannot then this is flawed. But if not why not. If WS gives the levels to put orders in (and the level to be used should be his lowest price for a sell and highest for a buy), and this should be done in advance (which is the whole point of the service) then entries are automatic. I dont really understand the problem there as there is not one. To make even more certain, put your order 1 point under WS's entry price. This way there is no chance of WS been filled and you not.
Exits have to be given in advance. A 5 minute heads up is not asking too much, and you cannot expect WS to be able to deliver earlier than this as market dynamics are ever changing. If you HAVE had a 5 minute warning in advance to take profits/losses then you can not complain. It is the job of the subscriber to place the orders. If they are not at a screen to do so is not the fault of WS.
Anyway that is how I would give an unbiased assessment of a service such as this one.
But there is a lot of closed mindedness here. A lot more is possible than most want/can believe. (Trading in general, Im not talking about this service).
I once posted a question to WS which never got answered. It was regarding being long on the Dax and being short on FTSE at the same time, the question was about correlation, and why would WS suddenly think that the 2 markets would suddenly become un-correlated? Still waiting for the answer
