Losing Trader + Losing Trader = 2 Winning Traders

[traderpro]

If the losing trader is not getting churned to death just go the other way(free money)!

 

[Schaefer]

Quote from Ripley:

I know its illegal for an individual to be long and short on a single stock at the same time even using different accounts. But, I don't think thats the case with futures.

Could you post some credible references or perhaps a link or two to where it says "it's illegal" please?.

Thanks in advance

 

[Everest]

Quote from Ripley:

I know its illegal for an individual to be long and short on a single stock at the same time even using different accounts. But, I don't think thats the case with futures.

this looks familiar to another thread - about having a long and short position simultaneously in the same product.

Was that you asking the question back then?

 

[Ripley]

Quote from Schaefer:

Could you post some credible references or perhaps a link or two to where it says "it's illegal" please?.

Thanks in advance

Don't have a credible link. But, this is what I've been told by other experienced traders.

Quote from Everest:

this looks familiar to another thread - about having a long and short position simultaneously in the same product.

Was that you asking the question back then?

No. If you can find it and post a link to it, that would be much appreciated. I am seriously thinking about something similar to this without the losing traders part.

 

[Schaefer]

Quote from Ripley:

......If you can find it and post a link to it, that would be much appreciated. I am seriously thinking about something similar to this without the losing traders part.

Hi Ripley, this is the thread he was referring to.

http://www.elitetrader.com/vb/showthread.php?s=&threadid=48312

Beware of so called, "some of the most experienced traders"

Happy trading.

 

[Everest]

Quote from Ripley:

Don't have a credible link. But, this is what I've been told by other experienced traders.




No. If you can find it and post a link to it, that would be much appreciated. I am seriously thinking about something similar to this without the losing traders part.

I have to tell you this just does not work, I'm sorry.

The logic becomes flawed as soon as you start to look at the way the market behaves. Also, you are doubly on the outside on the spread and pay double comm.

All round, it's a non!

 

[Cutten]

This is identical to trading as one trader, except you pay more in transactions costs. A terrible strategy.