SuddenDeath
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ftseday is a serious man and deserves to be treated with respect,
Review of FTSEDay.com
- Thread starter Service Reviews
- Start date
- Watchers 43
random12345
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Think for yourself and spreadbet the FTSE? :whistling
Couldn't help it, my input is free of charge.
MrLeverage
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He's getting blasted on Twitter. Seems a lot of people realise he is a fraud.
MrLeverage
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Oh dear, more negative reviews: So What Now for FTSEday? | Soul Trader
SuddenDeath
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should there not be a simple system whereby these signal services can be monitored, those doing a good job would welcome independent auditing.
if u buy a pen for £1 on ebay you can clearly see the sellers track record and previous buyers experiences why not for signal services?
if u buy a pen for £1 on ebay you can clearly see the sellers track record and previous buyers experiences why not for signal services?
neil
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Cos the spammers would not advertise. Thus, the net result is a drop in advertising revenue:whistling
SuddenDeath
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hi Neil
i went to the zulutrade website and looked at the 1,000's of systems being run and monitored, i notice that once a system has been running 3 years the returns tend to converge towards 2%/month , so when looking at systems bear in mind that systems over the long term tend to be able to achieve about 2% growth/month. which does not sound very spectacular but it is compounding marginally faster than Warren Buffett.
Right or wrong I follow Ftseday for pure entertainment during the trading day for tweets such as ' I never trade on Fridays' guess what its Friday and Ftseday has three crap positions on, most of his trades are against the trend he gets burned disappears for a few hours and the reappears with ' I'm having the best month in ages. ' Comedy gold
random12345
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So I checked this twitter feed out because of all the fuss. Is he not just a comedy genius winding everyone up? True nutters tend to quote all sorts of nonsense from long dead traders interspersed with rants about gold and the Illuminati.
Take one of todays:
"BTW CS will fill you at £100 a point but slowly IG will fill you much much more a friend of mine used to do £5K a point...."
The idea that IG would fill you at 5 grand a point on the FTSE of all things is beyond hysterical. 500 cts is almost half a per cent of total daily summer volume. He = Jimmy Carr.
random12345
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Ah ok apologies, I read the rest.
Absolutely mental.
Absolutely mental.
MrLeverage
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Exactly. He's comical. I just hope no naive newbies decides to follow his recklessness. If they do they'll get burnt.
NVP
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fibbinstarchi
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Right I've been watching this guy for a few months and have noticed a few things: he is not consistent - he says he's 'done for the day' then carry's on trading - he seems to forget the trades he has lost on when adding up totals. At one kept going on about how ill he is but still managing to trade from a bed - I don't care about these details, all I wanna do is see the trades, and thought that was really unprofessional to say the least. Where's the historic performance? He has called some trades live and they have worked out, but even a broken clock is right twice a day.
I agree with SuddenDeath - there should be an independent auditing company that should be enforced.
I agree with SuddenDeath - there should be an independent auditing company that should be enforced.
MrLeverage
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It seems as if this excellent topic and Twitter are stopping people getting scammed by this guy.
Another unsatisfied customer here Soul Trader | - Becoming A Trader –
Another unsatisfied customer here Soul Trader | - Becoming A Trader –
stillawake
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Weirdly, FTSEDay (Mike Lucas) spends most of his time taking trades that he states are 'Not Room set-ups'. Some come good, but he'll regularly get absolutely smashed holding onto positions that go against him by say 100 points or more. He does not account for most of his trades. When many months ago he did post some data on his trades it became clear that he: a). traded only small sums. 2). manipulated the figures including paying cash into his account trying to make it look like winning bets 3). didn't seem to realise he was fooling himself. 4) consistently broke all his 'Room' trading rules.
My guess now is that his 'Room' subs paid for him to trade and he did the best he could to make it look like he consistently won. I suspect he sold up his house/car etc. in the UK to fund his loses.
His moderators and all his subscribers left when they realised his trading methods led to financial meltdown!
It is hard to see how people get taken in by it all, but there you go, I did!
My guess now is that his 'Room' subs paid for him to trade and he did the best he could to make it look like he consistently won. I suspect he sold up his house/car etc. in the UK to fund his loses.
His moderators and all his subscribers left when they realised his trading methods led to financial meltdown!
It is hard to see how people get taken in by it all, but there you go, I did!
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he who trusts the track record on ebay and trip advisor does at own peril
Dick Lexic
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my experience over a good few years is very good ...prob about 95%
just like your trading huh.....great success ratio
