Two Questions For Practicing Day Traders

ironchef wrote:
"Even if it is 1/10 as good, with $1000 turns into $2,505,834,848,67 within two years you are a billionaire.
This whole thing doesn't pass my smell test."

Overnight pointed this out more than 1.5 years ago:

"Dude, you made 550 grand on a $1700 account, net. Nobody is going to join your Zoom/skype session. Your figures are so ludicrous, it is beyond cringe-worthy. "
https://www.elitetrader.com/et/threads/scalping_my-way-with-acv.68098/page-33#post-5542008

"Your stats should be error-free. Unless your stats are not error-free? If the account required is wrong, than what else in that statement is wrong? Maybe, EVERYTHING?"
https://www.elitetrader.com/et/threads/scalping_my-way-with-acv.68098/page-34#post-5542016

"*shrugs* You cannot make half a million on 1700 bux. Stop trying to fool everyone here. I don't care how long your thread has been going. 2006? So 16 years and you are still in sim mode. Uh huh. "
https://www.elitetrader.com/et/threads/scalping_my-way-with-acv.68098/page-34#post-5542491

"Uh, sure. You made 8 million bux in futures in 3 months in 2015. Dude, yer a billionaire by now. So why are you still here? "
https://www.elitetrader.com/et/threads/scalping_my-way-with-acv.68098/page-34#post-5542498
 
ironchef said:
@VSTscalper,

It was a trick statement I made. With this statement you have just given yourself away as a classic scammer. Because when your ACV system doesn't work after I pay you for the privilege to use it, you cannot say that it is backtest results. Sim, almost always tracks live results.

Since this is my thread, I feel an obligation to look into your claims more carefully. It appears, this is your modus operandi: Guys, why don't you come to my Zoom session for free and observed my wonderful very profitable system. All for free, no obligations. Oh and by the way I have a morning session with paying clients where they trade my system with my guidance. The implication is if you are impressed, you can become a client and make some money.

So I search ET posts and read some of your prior posts, starting from 2006 through today. You use a system showing real time ACV. Neither Google nor chatGPT know what ACV is. From your posts, I gathered, it works as a technical indicator related to DOM and order mismatch. You use it for entering & exiting a trade and have been touting it for 17 years. I also know DOM and order mismatch doesn't work very well as an indicator.

To show you how outlandish your claims are:

View attachment 326872

View attachment 326875

Your Sim system has a monthly return of 1712%. So my $1000 invested today will compound into $25,058,348,486.68 in 24 months!

With such outsize return, how come you have so many unhappy clients? And with such returns, why do you still have clients after 16 years. If I were you I would be living in a castle somewhere in Europe or in my own Caribbean island. To hell with clients.

Jim Simons, the best all time trader, only managed a 60% annual return. I wish he comes to ET and invite me to a free Zoom session.

Almost all real time Sim will closely track actual live results, of course with some degradations due to slippages. The slippages for ES, etc. are usually 1 tick coming and going. You said you used 5-25 ticks range. Your system's live result should be at worst half that of your Sim results.

Even if it is 1/10 as good, with $1000 turns into $2,505,834,848,67 within two years you are a billionaire.

This whole thing doesn't pass my smell test.

I hope I am wrong and welcome your rebuttal because you seemed like such a nice guy.
More...
As I said a day or so ago the story keeps getting better and better.
 
schizo said:
@VSTscalper ain't a scammer. He documented his trades and explained his trades to all the naysayers (click the link below). Not saying his system is fool-proof, just that he's no scammer.

Scalping_My Way with ACV
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@schizo, you are a master. I learned a lot from you and have tremendous respects for you. You questioned and cretic everything. Didn't you ever question those returns?

I am really very puzzled. You guys didn't question or discussed why a Sim could produce such great returns yet no one seemed to get rich from using it? Why didn't @VSTscalper openly discuss the Sim returns vs real returns?
 
schizo said:
@VSTscalper ain't a scammer. He documented his trades and explained his trades to all the naysayers (click the link below). Not saying his system is fool-proof, just that he's no scammer.

Scalping_My Way with ACV
More...
Also, someone showing a monthly 1700% return and not putting any disclaimers on those statement vs real trades is at the very least a little disingenuous, don't you think?
 
dxter said:
ironchef wrote:
"Even if it is 1/10 as good, with $1000 turns into $2,505,834,848,67 within two years you are a billionaire.
This whole thing doesn't pass my smell test."

Overnight pointed this out more than 1.5 years ago:

"Dude, you made 550 grand on a $1700 account, net. Nobody is going to join your Zoom/skype session. Your figures are so ludicrous, it is beyond cringe-worthy. "
https://www.elitetrader.com/et/threads/scalping_my-way-with-acv.68098/page-33#post-5542008

"Your stats should be error-free. Unless your stats are not error-free? If the account required is wrong, than what else in that statement is wrong? Maybe, EVERYTHING?"
https://www.elitetrader.com/et/threads/scalping_my-way-with-acv.68098/page-34#post-5542016

"*shrugs* You cannot make half a million on 1700 bux. Stop trying to fool everyone here. I don't care how long your thread has been going. 2006? So 16 years and you are still in sim mode. Uh huh. "
https://www.elitetrader.com/et/threads/scalping_my-way-with-acv.68098/page-34#post-5542491

"Uh, sure. You made 8 million bux in futures in 3 months in 2015. Dude, yer a billionaire by now. So why are you still here? "
https://www.elitetrader.com/et/threads/scalping_my-way-with-acv.68098/page-34#post-5542498
More...
Dude, just chat him up in Zoom and see for yourself how he trades in real time. What more do you need?
 
ironchef said:
@schizo, you are a master. I learned a lot from you and have tremendous respects for you. You questioned and cretic everything. Didn't you ever question those returns?

I am really very puzzled. You guys didn't question or discussed why a Sim could produce such great returns yet no one seemed to get rich from using it? Why didn't @VSTscalper openly discuss the Sim returns vs real returns?
More...
ironchef said:
Also, someone showing a monthly 1700% return and not putting any disclaimers on those statement vs real trades is at the very least a little disingenuous, don't you think?
More...
Okay, you're right. He might have been disingenuous about his results, but he also stated that he's opening up zoom for anyone to come in and verify his trading. Why pass up the offer when you have nothing to lose?
 
schizo said:
@VSTscalper ain't a scammer. He documented his trades and explained his trades to all the naysayers (click the link below). Not saying his system is fool-proof, just that he's no scammer.
More...

Don't waste your time @schizo.

And get a load of this shit...

ironchef said:
I had a lot of respect for you because most of the time your post were very insightful. However, I noticed you were a defender of @VSTscalper but when I asked you if you have checked or reviewed his claims you said no.

What are the reasons you think he is the real deal?
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Now, you have shown yourself to be imbecilic and unhinged in your distrust.

My answer to you...

I have neither the time nor the inclination to explain myself to a man who rises and sleeps under the blanket of the very freedom that I provide, and then questions the manner in which I provide it! I would rather you just said "thank you" and went on your way, Otherwise, I suggest you pick up a weapon and stand a post. Either way, I don't give a *damn* what you think you are entitled to! ~~ Jack Nicholson in the movie A few Good Men
 
tiddlywinks said:
Don't waste your time @schizo.

And get a load of this shit...



Now, you have shown yourself to be imbecilic and unhinged in your distrust.

My answer to you...

I have neither the time nor the inclination to explain myself to a man who rises and sleeps under the blanket of the very freedom that I provide, and then questions the manner in which I provide it! I would rather you just said "thank you" and went on your way, Otherwise, I suggest you pick up a weapon and stand a post. Either way, I don't give a *damn* what you think you are entitled to! ~~ Jack Nicholson in the movie A few Good Men
More...
Thank you.
 
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