foroom lluzers
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Imagine that, a fully grown adult does it too !
IF you can pretend not to know what you know , the spreadbetting companies will give you a bung.
Imagine that, a fully grown adult does it too !
Learn to trade options like here , at I G .They will never take your stops , keep away from tight-stop stooges , they are brainwashing new traders on forums.Never use stops.
IF you can pretend not to know what you know , the spreadbetting companies will give you a bung.
I haven't been on the forums for ages, too susceptible to brainwashing you see.
That's not possible. Even with my best efforts, I can not help my brother escape the box they placed him in. I hold not optimism for anyone else.
They pay 6 figures to shut you up.
I know another trader who does options, with so so results.
I haven't been on the forums for ages, too susceptible to brainwashing you see.
your friend is not a skilled trader /option trader , lacks the knowledge of a pro like me , I know I can outwit the market and bucket shops , every week .That is , if I don't get influenced by chimps on internet sites.
Theres some right old misinformation in this thread.
AFAIK and in my experience.
There is you / your broker / their liquidity provider. You as the client are trading their price.
The broker has the option to take the other side of your bet or pass it to the LP, earning a % of spread. They divide you into two groups, 'A book' and 'B book'.
'A book' are the legit winners or folks who trade so big they could hurt the broker.
'B book' are the losers.
The broker will make the B traders comfortable while they lose, lessen slippage / listen to the whining / amend tardes etc etc. The A traders get more realistic slippage, reprimanded for taking any advantage of pricing etc.
Put yourself in the role of the broker:-
Marty Schwartz has just been on the phone looking to open up an account with you, you know hes a big dog consistent legit winner.
You dont wanna take the other side of him cos hes the nuts.
You dont wanna give his flow to your LP cos hes big enough to pizz them off.
So what you gonna do with Marty? :whistling
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For anyone whos interesed, Other side of the screen is worth a read. Its one of the better threads on T2W about how they see you, aligns with my experiences also :cheesy:.
The bottom line is they dont need to cheat you. They wont tolerate for long winners who are only winners for taking the pizz with their pricing (B book pricing / latency etc).
Most folks who whine about SBs and Brokers are doing so because its the easy option, and its a distraction from the real problem, which is theyre kinda cr@p at trading
Have you considered the possibility that some of them may have traded futures but prefer the OTC for their style of trading?Sorry the amount of SB fanboys here making excuses for them is making me laugh. Lol .
Sorry the amount of SB fanboys here making excuses for them is making me laugh. Lol .
At least you don't suggest my SB firm is paying me money to defend the SB sector.
In fact, SB has obvious limitations. Its widely accepted that its virtually impossible to make money from scalping and very short-term intra-day trading through SB - I don't trade intra-day.
But for any new traders out there trying to break through into profitability through day-trading via a SB company - my advice is forget it, just give your capital to a registered charity.
Its widely accepted that its virtually impossible to make money from scalping and very short-term intra-day trading through SB - I don't trade intra-day..
Dont you think that rather sweeping statement is an insult to the 10% short term traders, who would win their trades, if they were allowed to do so, by their brokers?
Besides shifting the reason for their failure, from brokers to their innocent victims?
If you have evidence otherwise, it would be vital that you post it here, this would help everybody.
No. As you should know, my posts concern spread-betting with spread-betting firms registered in the UK by the FCA.
The SB companies set up a means of access to their products which are a reflection of the underlying market. Naturally, this access is structured to give the firm an advantage. The main casualties will be recently recruited short-term traders. The UK-registered SB firms don't need to play tricks to make their short-term trade clients lose, these clients will almost all lose anyway. Plus, this is illegal in the UK.
If you have evidence otherwise, it would be vital that you post it here, this would help everybody.
No. As you should know, my posts concern spread-betting with spread-betting firms registered in the UK by the FCA.
The SB companies set up a means of access to their products which are a reflection of the underlying market. Naturally, this access is structured to give the firm an advantage. The main casualties will be recently recruited short-term traders. The UK-registered SB firms don't need to play tricks to make their short-term trade clients lose, these clients will almost all lose anyway. Plus, this is illegal in the UK.
If you have evidence otherwise, it would be vital that you post it here, this would help everybody.
Can you not take his word for it ? For instance, there is no evidence your curve fitting works but you expect people to take your word for it. Why is evidence only needed some of the time ?