Just 4 The Naysayers

[Billybob543]

Quote from Veyron 16.4:

Maybe they put something in the water that people drink here on ET, or maybe I'm just way out on Pluto or something, but did I not say that I cannot post live trades as I have no real way of redacting the profiles AND that not doing so, would reveal "too much" of what I've worked "too hard" to produce?

Did I not say that?

Did I not say that the only thing I could think of, would be to post some results from a demo account, if I had the time? I thought I said that - did I not? Correct, me if I am wrong. Correct me if I did not say that prior to posting these results.

First (and I can't believe I have to explain this), these results are not back-tested results, for crying out loud. These results come from this week - look at the dates. Look at the last date for the last segment closed - it was TODAY - not 10 years ago.

Second, contemporaneous, mechanical trades are real by physical definition. They cannot possibly be anything else. This profile traded here was exactly the same profile that I had running under my actual trading account. However, I am not about to post balances or anything else for that matter, from my actual accounts. So, the only thing I could do was post results from a demo account running in parallel with actual. And, that's exactly what you got - like it or leave it - results are results as long as the system used is mechanical.

Now, if you use a manual system for entry and exit, then your complaint would be valid and logical because anyone can fudge what they "might do" with what the "actually did" prior to closing each position. However, there is no way possible for me to trade such a complex profile manually especially in a market that runs 24 HOURS per day!

What? Is somebody here on "elite" going to tell me that I had on sleep this week? That I stayed up since Monday when the positions were first entered and never closed my eyes as I manually maneuvered my way to picking-off points at which I would close positions? If so, that would be on par for this forum, but it would also be silly.

Mechanical, contemporaneous, profiled (stops and limits) trades, done any way against live market data, is proof positive that something either worked or did not work.

Show me the trader who does not test their ideas first, before going to market with them in real-time, and I'll show you somebody pretending to be a real trader.

So, if anyone uses paper to proof their theories about what they will do in live trading and then turn around in the exact same breath and throw stones at those same paper proofs, then that would be the absolute height of irrational behavior and hypocrisy for the trader. Not to mention completely illogical.

You cannot define a proof as being valid for future expectations and then turn right around and invalidate that SAME kind of proof when it does not fit the curve of your ulterior motive to debunk one using the EXACT same proofing methodology.

Case in point.

And the reason why you're going overboard to prove that you are legit on an anonymous internet forum is because..?!?!?....

Dude, get off of your mommy's computer and go get laid...

 

[cstfx]

Guys, if you don't like what he's got to say just put him on ignore.

There's no reason for everyone to be the truth squad here on Et...that's TraderZone's job.

 

[Veyron 16.4]

Quote from puretruth:

PHOTOSHOPPED , LOL , YOU ARE NOT EVEN A PROFITABLE PAPERBOY, WHAT ABOUT A LOGIN TO YOUR DEMO ACCOUNT BY A MODERATOR OF ET ?

I would have no problem with that at all. But, there are four reasons why I cannot do that:

1) I used one of my real email accounts to set-up this particular demo account.

2) I used my bank's demo platform to make this trade and I cannot show my bank.

3) I cannot show the lots.

4) I cannot show the entry and/or exit prices.

Numbers 3 and 4 are the biggest reasons why I cannot comply with such a request.

If I make the mistake of showing the Pips Net AND the Gross Profit for each segment, then anyone can calculate the notational value and then know my lot size per trade. Again, giving away too much information about what I do and how I do it.

This is why I said at first, that it would be very hard for me to show any "proof" at all, absent a heavily redacted summary.

If I were doing merely Directional Trades, then I could show all, because the central factor for figuring why the trade was successful would be in the trade signal itself and not the trade details.

When you trade on a Non-Directional basis, you can reverse engineer a trade when you have enough detail about the profile.

To those that have been in the business long enough, my reasons for not divulging too much makes sense.

 

[atticus]

It's a DBFX/FXCM demo account. Apparently they start you out at $50,000... so what happened to the remaining $41,000?

 

[Veyron 16.4]

Quote from Billybob543:

And the reason why you're going overboard to prove that you are legit on an anonymous internet forum is because..?!?!?....

Dude, get off of your mommy's computer and go get laid...

Who do you see here going overboard? Posting a pic of results is overboard? Funny, I thought all the blithering from clueless types here on ET, was where the conversation turned overboard?

Closing a thread, merely because someone posts their own personal story about how they became successful as a trader, is going overboard.

 

[the1]

Veyron, no one really cares what you do with a paper trading account. In fact, no one really cares if you could do this with a real account. What exactly are you looking for by posting this on ET? Admiration? You ain't gonna get it. All you'll get is grief, and so it should be. Go on your way and duplicate this with real money and don't come back because no one cares.

 

[Veyron 16.4]

Quote from atticus:

It's a DBFX/FXCM demo account. Apparently they start you out at $50,000... so what happened to the remaining $41,000?

For the newbie - a test (demo) account means that you use the account to "test" ideas that may or may not be viable. Those that are not viable will drain your demo dollars. Those that are viable will increase your demo dollars.

The results shown here are from this week. The demo account was established long before this week began and used for the express purpose of testing 'other' ideas, theories, thoughts, etc.

In fact, at one time, I opened 50 positions back-to-back just to see how close to "in the spread" I could manage a maximum of 10 positions for each 5th segment. There was no trad signal or profile involved and I left the positions open until I ate dinner that night and then closed them all at once - caring nothing about actual P/L. Etc, etc., etc.

Any other pointless questions?

 

[atticus]

Quote from Veyron 16.4:

Items forgot:

Total Notational Value Traded was: 910,000 Euros, in multiple wrapped positions.

Total cash used to make ALL trades was: $4,400.00 USD.

Total return sought per profile (all trades): 20%

Total return this profile (all trades): 81% (net/net)

Total return performance (this profile): Outperform @ 61%

How did you arrive at the 81% figure? 81% on what?

 

[atticus]

Quote from Veyron 16.4:

For the newbie - a test (demo) account means that you use the account to "test" ideas that may or may not be viable. Those that are not viable will drain your demo dollars. Those that are viable will increase your demo dollars.

The results shown here are from this week. The demo account was established long before this week began and used for the express purpose of testing 'other' ideas, theories, thoughts, etc.

In fact, at one time, I opened 50 positions back-to-back just to see how close to "in the spread" I could manage a maximum of 10 positions for each 5th segment. There was no trad signal or profile involved and I left the positions open until I ate dinner that night and then closed them all at once - caring nothing about actual P/L. Etc, etc., etc.

Any other pointless questions?

To be clear, you lost 82% in this demo account leading into this week.

 

[Veyron 16.4]

Quote from the1:

Veyron, no one really cares what you do with a paper trading account. In fact, no one really cares if you could do this with a real account. What exactly are you looking for by posting this on ET? Admiration? You ain't gonna get it. All you'll get is grief, and so it should be. Go on your way and duplicate this with real money and don't come back because no one cares.

I think most of you clowns are basic internet trolls, if you ask me. You post a statement that no one cares. Do you actually think I give two popcorn kernels about whether or not you care, or what you think?

Internet Trolls can't read and they darn sure can't read in context. I'm not going to repeat for the umpteenth time, why I made my original post or why I posted these results. Learn to read in context - that will eliminate much of the useless blither that goes on inside ET.

More to the point, what is this Forum all about? Why are YOU here, specifically? Have you posted anything worthwhile? If so, point me to those links, if you don't mind.

The hypocrite states as his problem, that he does not know why another posts useless drivel, while at the very same time, doing the same thing himself. Hypocrisy, defined.

You clearly missed the point of the story a long time ago. Thus, you flounder now, wondering why I'm posting results, demo, live or otherwise.

Basic hypocrisy - and from all the IM's that I've been getting on other people sick and tired of that same level of hypocrisy on this forum, your post does not surprise me.