Ok, back to a serious question. First of all, I 100% agree for the need for backtested results of any system to trade it for any length of time. I have the results for the system I trade 5 years back (I wish I had 20 years). However, I think there might be a more interesting question here. Can Oscar legally post backtested results? I believe he's a broker, but is he a CTA? Can he use his website legally to procure a client base to manage funds? Frankly, if I was Oscar I'd be way more concerned about the possible legal issues at hand here. He's giving specific trades, he's a broker, he's using a website, he's asking people for money to manage when they call him, he's not representing himself as registered that I know of. I'm no expert in this but it seems like there are some gray areas of concern. However, again I am NO expert in this area but I'm sure some of you are.
I'd also be interested in a judge's response to Oscar when a new trader who opened a $5,000 acount and his first trade was taken on June 8th sues Oscar (the professional of 25 years) for taking a day trade with a 24 point stop that got hit that day by adding to a losing position. And since that day has drawn down the account another 10 points which means in 4 trading days the account would have had an overnight margin call from most brokers.
Finally, I think I mentioned this whole issue as a major concern in a post I made on June 7th if I remember correctly, the day before it happened. (Alright, my comments are probably uncalled for and am sorry for that but the June 8th trade about made me sick to my stomach). Of course as I said on June 7th, I stuck to my guns and luckily didn't take the trade!
I'd also be interested in a judge's response to Oscar when a new trader who opened a $5,000 acount and his first trade was taken on June 8th sues Oscar (the professional of 25 years) for taking a day trade with a 24 point stop that got hit that day by adding to a losing position. And since that day has drawn down the account another 10 points which means in 4 trading days the account would have had an overnight margin call from most brokers.
Finally, I think I mentioned this whole issue as a major concern in a post I made on June 7th if I remember correctly, the day before it happened. (Alright, my comments are probably uncalled for and am sorry for that but the June 8th trade about made me sick to my stomach). Of course as I said on June 7th, I stuck to my guns and luckily didn't take the trade!