Confessions of a successful trader

Quote from StLouisTrader:

Confession: I think this puretick thing looks like the biggest scam going on et. At the same time I can't feel sorry for anyone who buys into their obvious b.s. Given the persistent call outs by puretruth and others. It's a great illustration of fools and their money...
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I know. He seems very deliberate and unflinching in how he constructs his charade. He also uses his detractors who reply to his posts to keep his headlines alive.

I personally feel a little sorry for any who fall for it, but it's inevitable.
 
Quote from xburbx:

Do you track your profit ratio and do a lot of backtesting?
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actually, he does a whole lotta daydreaming. The original post (I am one of only a handful of successful traders on ET) should have given tha away.
 
Quote from TraderZones:

actually, he does a whole lotta daydreaming. The original post (I am one of only a handful of successful traders on ET) should have given tha away.
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FaderZones: if u were one of the successful one's I highly doubt that statement would bother you so much.
 
StLouisTrader,
What do you gain from posting your trades real time? Most strategies have edges that erode over time. If your edge comes from smart processing of publicly available information, you should not underestimate to power of people to reverse engineer what you are doing. Soon you may find that someone else is crowding your liquidity or worse, eating away all you alpha.
 
He doesn't normally post until after he's filled and tends to follow momentum plays in the short time I've read this thread. Posting after the fact might actually help.
 
Quote from maler:

StLouisTrader,
What do you gain from posting your trades real time?
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It's the only way to be believable.

Sim or cash everyone can see the results.
 
Quote from maler:

StLouisTrader,
What do you gain from posting your trades real time? Most strategies have edges that erode over time. If your edge comes from smart processing of publicly available information, you should not underestimate to power of people to reverse engineer what you are doing. Soon you may find that someone else is crowding your liquidity or worse, eating away all you alpha.
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I doing it for fun/to waste some time, Not to gain anything. I'm a discretionary trader. My edge is to figure out what might work in the then and now which is constantly changing. There is really no way to reverse engineer that.
 
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