Quote from roberk:
Scientist ,
good luck on the London move. I really hope it works.
To go back to this thread and the post you cited. This member joined 2 days ago: he says he is looking for people to join his firm. I have no reason to doubt what he says; conversely before I believe it I would like some documentation.
Last year I was on the Matrix emini chatroom and one guy came on going on about how he had seen Steve matrix's broker accounts and how staggering they were. That was only a few weeks after Matrix had been convicted of fraud because he didn't even trade- his income came from his chatroom and other ventures...It really surprised me when I found out..
I honestly hope we do hear more from this UK scalper and his friends who are raking it in...
I hope he understands on this thread we are looking for evidence- not claims.
Hey roberk!
Many thanks for your words - I'm really considering the London move, but it also means burning a lot of bridges here (family, girlfriend, friends, my other business etc), besides the fact that I'm in a 1 year contract for a very expensive apartment here, so it'll be an absolute min of 10 months until anything could happen. But that's fine. Dreams... That said, London's a cool place to live. Many of my best (smartest) friends here have moved there. This is symptomatic for Australia, we call it the "brain drain" - all the smart Aussies go overseas, to London, Hong Kong or the US. So, I'd be reunited with quite a few friends there, too...
As for your point on documentation; Actually, I give a rat's patootie as to the validity of his fellows' "performance" claims - I really only quoted this as an example. Do they make that much? Who gives a damn? As long as I know how much I can make, that's all that counts. Their performance has nothing to do with your own anyway - so why even bother discussing it?
As to the point of "evidence"; I think I need to clarify this once again. If you think you can bring "evidence" for something like performance so easily - then you clearly don't understand finance. Why do you think hedge funds and companies get away with $100M+ frauds and why do you think regulatory departments pay 10X that or more every year to prevent this from happening? And you think us little players here in piker land can prove things to each other? LOL!
Somebody else just recently said to me on one of Ramoutar's threads that "he is the real deal" because he posted a brokerage statement. I told him that that's no proof, because anybody can fake it. He just didn't believe it. Well, I attached for him a genuine IB statement that showed my daily profits of $300K trading the ES and my IB account balance of over $10M. Oh, I forgot to mention this was the statement from April 1st, 2004. I even attached a 5-step-5-minute manual "DIY guide to brokerage statements" on how to do it. Bro, any 9-year-old can edit HTML in a WYSIWYG editor. This guy and I made peace and come to terms after that, and the discussion is over. But if you want to see the fake IB stmt which I did in about 5 minutes, then you can do a search on it, you'll find it.
Point proven, any idiot can fake statements. So for those here who bring "proof" for their trading with P&L attachments on ET can get a big "pre-emptive laugh" from me. For those who want one, please raise your hand. But please, roberk, tell me you aren't one of them.
Point being, if you want to really "prove" your performance, it can actually get very costly and complicated. You need to do a complex audit, preferably with one of the top-5 accounting firms, like Effron, and have the statements sitting on the Effron-server, then post a link here. If you want to do this to prove a point - fine. But if you've actually got a life, I wonder what's the point.
All just little things you learn as you get more familiar with finance. Hope this helps.
Scientist
