YM Magic!
- Thread starter TheTrue1
- Start date
The illusion doesnt work if he posts realtime. You cant hide some of the losing trades that way.
All of his trades are at least 5 or more min late to the real time(look at the time stamp in the thread vs his trade in attachment). The market has move to his favorite direction for at least 8 to 10 ticks by the time he posted his trade, so agree, it may be a scam.
The 70 % win rate is likely a scam and easy to predict from simple math, he has virtually cheat 10 ticks by playing the delay game, he claimed to use 30 SL and 30 PT, but he indeed only has 20 PT and 40 SL (he cheat in 10 tick), which is about 70% win rate for a zero edge or random system.
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You are right, so let's back off.
What about this then.
Let him post his next 20 to 30 trades here in this thread, and forget about collective for now. If he can not do that, or will not do it, then do you not agree that something is not right.
No magic required, just entry, stop, exit and result.
ET post will provide the time stamp.
People posting their trades (even in hindsight) are people who seek for admiration and confirmation from others of their superiority. Real profitable traders don't care about their ego as they probably experienced in past already that having an ego is detrimental for trading.
So watching posted trades is useless as they come from people who are still in the first stage of becoming a trader. The stage were they learn to be humble, and the stage where their ego many times will be destroyed completely. They have nothing interesting to show.
Good Morning Mr. 888. My man! Simply by your post and analysis, I can tell you are an accomplished trader. I like that! Are you saying that a 10 point move or a 5 minute delay gives me a 70 percent chance of winning? That I somehow then know what the market will do next. If that were the case, why not just take the entry mentally and wait 5 minutes for a10 point favorable move, then actually place the trade. That would certainly produce a winner right? There is no certainty in the prediction of the market. Here is the reason for delay at times. First and foremost, I am very good at seeing a loss in momentum in the markets. One of the best you will ever know. Secondly, you may notice all my trades are on a smartphone. A cheap one at that. I don't even own a laptop or computer. Then, placing an order on collective2 is a process by smartphone. I have to type in the sl and pt after I have decided to place a trade. Many times, really most times, the market has moved from my desired entry. So I have to retype and reset my sl and pt to reflect the30 point sl and pt. Do you know how many times I have missed 8 even 10 points favorably for my intended entry, trying to ensure I get the 30 point parameters. Many my friend. That is what occured in trade17. Take a look at the C2 platform. Place trades from your phone trying to keep the 30 points and get your desired entry. Add to that, the quotes are delayed. So I also use a live feed for up to date market price. Add to that, the site I use for the minimal technical analysis I employ. So here's the picture. I first watch the market and assess the techs using investing.com. At the same time I am back and forth to my live feedl because investing.com market price lags a bit. When I decide it is time to trade, I switch to collective2. Of course I can no longer see the live market feed or the technicals. All the while the market is not sitting still. After I get the trade entered I have to screenshot it then switch over to ET to post it. All on one phone, one screen visible at a time. On top of that, I am usually at work running a machine for injection molding(plastics). With a quota to meet and a no use of cell phone policy. I ask you to try this process without the job I have. Your post will not appear 2 or3 minutes after you take a trade.
Now, here are some things you haven't noted. I have never lost two trades in a row. The 10000 dollar beginning balance has only once been breached and that was around the third or fourth trade in the amount of 2 to3 hundred dollars. My market entry price on a trade is seldomly touched even through out the session, after I have excited the trade. I'm averaging around 6% a day. I have one day which ended with loss. That was on Friday. Around 250 to300 dollars. Less than three percent of the beginning balance. My risk now averages 30 ticks. Usually around 750 dollars if I allow the stop loss to be hit. What do you think the odds are of me losing the principle. I can answer that. Zero to none. I would have to lose around 7 trades consecutively to give back the profit. That will never happen.
Just a little insight into what it looks like from my shack in Nigeria.
Best suggestion you've presented thus far. I like it. Makes my job simpler, more efficient and faster post.
FALSE
ABSOLUTELY CORRECT