ES Journal - 2012
- Thread starter Buy1Sell2
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To join FoN in his "How easy it is crusade"
I was not as apt as he was to buy the morning bottom in SPY or ES or whatever you use to trade but the long accumulation I did I was able to sell at the morning high.
Again, no inquisition required, an easy screenshot works great when making claims or when being a little late on a call.
Joe
I was not as apt as he was to buy the morning bottom in SPY or ES or whatever you use to trade but the long accumulation I did I was able to sell at the morning high.
Again, no inquisition required, an easy screenshot works great when making claims or when being a little late on a call.
Joe
Not really, in fact this is probably the absolute easiest way to fake something. I did this in 2 minutes, granted, the font doesn't quite match, but suddenly I have "proof" that I bought quite some time ago and just forgot to post it.
There is ONLY ONE (yes) way to PROVE that a trade was taken, and that is to call the trade in real time.
What doesn't work:
* Trade logs: attached it is obvious to see why
* Brokerage statements: again, easy to forge if you are even somewhat motivated
* Pictures of charts with arrows marking trade entry and exit: even on platforms which provide this, like NT, which don't allow you to manually place arrows, market replay makes it instantaneous to rewind, place your trade on the sim account, and then post the chart
* Videos:
(1) Market replay again, no visual distinction
(2) This one may not be obvious but is quite simple: trade two accounts, take opposite positions on both, and record the video. Even if you show somehow on the video that it's a real, live account, you simply don't show the other one, and voila, no risk, but it's a "real live" trade. This is obviously the most sophisticated but anyone can easily do it.
Again, tell me a way other than a LIVE CALL to prove a trade was actually taken, and I'll tell you how to fake it. I've thought this through a lot (not because I've done it but I could), because I truly, honestly believe that 95% of videos you see of trades taken online are absolute fakes, and I cringe when people actually naively believe so-called proof.
I'll reiterate for the last time: the only way to prove a trade is taken is to speak, type, or in some other fashion communicate that the trade is taken, WHEN it is taken, and NOT LATER. I wish ET had a way to mark a post as "Uneditable" and then have those posts displayed with a marker so that posts can't even be edited if the poster wishes to make it an "indelible" post, such as a trade call should be. But at least when posting on a forum, the would-be editor of the post runs the risk of some people seeing it first, so at least this will deter most from modifying or deleting a posted trade call.
Sorry, but see my last post for why this is the easiest way to fake a call.
By the way, I don't doubt you Max, I don't care at all as there are many fakers and many real. It's the fact that you posted so long after it was confirmed in profit. If you're as late as you were, just don't bother posting the trade.
Anyone can prove a "REAL TRADE" (NOT SIM) in a forum or a room.
You can call the trade in real time but may be a sim trade without risk.
The only way is watching on live the trader's screen with "REAL ACCOUNT".
In addition, my style has no secrets. You can anticipate easily. AB=CD Patterns.
Read Larry Pesavento on "Trade What You See" and is exactly the same style.
Trading with Pattern Recognition using Fibonacci Ratios and Harmonic Patterns.
Traders write in forums because trading is a very isolated activity. We need contact with other traders.
I just wanted to share with you my best opportunities. I didn't think it would generate so much controversy.
I apologise. I will try not to post trades. Have a nice weekend.
True, sim trading is easier than live trading. But a call made in real time is still telegraphing one's opinion of where the market goes, and if it works, the trader was successful, sim or not. Either one of those establishes the trader's intention. Nothing is established as there is no integrity in the call if it's posted 30 minutes later, for example, real trade or not.
I for one hope you stay, don't let it bruise your ego, you made a good trade, just if you're going to post it, do it when you take the trade next time. Or better yet, since you were one of the first ones filled at 35.00, you apparently put your limit order in well enough in advance to be near the front of the queue (there were only 273 orders filled at 35 at the time your order was filled, so you must have put it in, I'm guessing, at least a minute or two ahead of time).
JD, I mean this in the nicest possible way, but why are you wasting your valuable time on this? I don't know how this do-si-do got started, but I do know it will do nothing to advance anyone's trading abilities.
Here's my proposal. No more real-time posting of trades. Only real-time discussion of trading strategies/philosophy/market conditions/what-have-you. Only posting of trades after-the-fact IF they're useful to illustrate one of the above.
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