Thank you porgie for once again bringing a negative environment to this thread. Is your bitterness coming from your trading ? If you go back you will see that my own advice to JM was that sim trading and real trading will not be the same. I cautioned him about contract size. I even gave him a book to read on money management. What I really want to know is why do you post negative comments all of the time instead of contributing useful information in this thread ?
YM Traders
- Thread starter volente_00
- Start date
Quote from NihabaAshi:
Agree...anything can be doctored with a decent image editing program...many are free.
Yet, it is a lot more difficult to doctor a realtime trade post while others saw the trade get posted in comparison to a blotter that was posted long after the fact.
However, if someone wants to post realtime trades...
IRC is more suitable for such and not the method being used in this thread.
Personally, its all an ego trip if someone isn't willing to share some basic info about the trades if questions are asked.
Yep,
Also, to those reading this...
Here's the direct link to setting up your own free YM trading room.
http://cservice.othernet.org/?page=csregister
You can then keep out those that are unwilling to post their trades or kick (remove) those that are becoming an eye sore (other members complaining) with their comments.
Further, there are many different types of trade posting script floating around freely out there for use.
Yet, the a trade posting script isn't useful if trades are posted minutes after the fact.
Here's an example (ET members alias blacken out) of what an IRC trade post sript looks like via YM trades posting in a room on October 7th Friday...
<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=862693>
There are also private trade posting scripts (hard to find) that are 3rd party apps that post trades as they occur in your broker execution platform.
The only ones I've heard that are available work with IB TWS.
Hopefully more will become available with other brokers.
By the way...ET has a chat room but you'll be mixed in with everyone else trading other trading instruments.
http://www.elitetrader.com/ch/
Exactly.
Anything posted on cyberspace (blotters, statements, realtime trades, discussions) should be taken with a grain of salt.
Thus, if someone truly wants or needs proof of anybody trading ability...
They better get off their lazy butt and go sit by that trader (in person) and watch him/her trade...
Bring your lunch and laptop
NihabaAshi
Is there a room where only experienced futures traders hang out? The few I tried have too many newbies posting trivial questions all day. I'm not looking for trades but to share trading ideas with other profitable traders.
Just for the sake of argument, post a comment and then note the time stamp on that comment. A few moments later, edit the comment and post it again. Did the original time stamp change? I'm not suggesting that anyone here necessarily did that, I only refer to your comment about the inviolability of time stamps.
Further, the time stamp does not need to be inviolable in order to be exploited. A lot can happen in a single minute during an active market. Posting near the end of that minute and saying that you entered at the beginning of that minute can give someone a lot of room in which to maneuver. See below.
True. However, if someone were so inclined he could theoretically post a trade a few moments (or even only several seconds) after the fact when he is sure that he is already "in profit" at the time of the post. If the trade continues in the trade direction he can profess to hold on to it, be it overnight or until the end of RTH or whenever. However, if it begins to go against him (while still theoretically in a slim profit based on his supposed entry price), he may choose to exit ostensibly because it does not "feel" right or perhaps for a better, more legitimate-sounding reason. Thus, a poster can create the illusion of perpetual profitability. Again, I am not suggesting that this was done, but it would be so easy to do, wouldn't it?
And that's just off the top of my head.
Perhaps I should be more trusting since everyone associated with the markets is so honest and upstanding.
Hi mhashe,
I don't know of any chat rooms where only YM futures trader hang out that are open to the public.
However, there are several public rooms where YM traders post their trades along with traders posting trades in other futures instruments...
#Emini on Othernet server
#IndexFutures on FinancialChat server
Both are large rooms and both will freely share with you any trade posting scripts just in case you do want to post your trades (quickly) in comparison to manually typing the trade and its results.
However, #Emini does more sharing of trading ideas and there are a few profitable traders in that room.
However, once you go into those rooms and spot some guys that consistently only post trades in YM...
Send them a private message and ask them what other YM or Futures trading rooms they can recommend that's smaller with less noise because its not uncommon for some traders to be logged into more than one room at a time.
You can also just right click on their names (without them knowing your researching them)...
Then click on info and it will list all the public rooms or semi-private rooms they are currently in.
Here's my recommendation...
Review this YM Traders thread to find those that have been either consistently posting their trades or has been consistently posting info that has been helpful to your trading.
Make your own personal list of those traders.
Next...form your own YM Traders room and invite those from your list of traders from this thread.
http://cservice.othernet.org/?page=csregister
Than use this thread as a support forum for links to educational info.
Last of all, most chat rooms are a distraction.
However, if your willing to do some research and get to know some traders in some of those rooms...
You may be given info about the real gems that are out there...
Ones that actually help improve your trading.
P.S. After you log onto either the Othernet server or FinancialChat server...
To get a list of all the available public or semi-private rooms..
Type the following command in your window in your IRC program...
/list
NihabaAshi
EDIT
So when I post an entry and 15 minutes later post an exit on a profitable trade, you are saying I missed the moved ?
When blackguard post an entry and 2 day slater post an exit, how do you argue that he says he stop out for a loss when he has never posted a loss on any trade ?
You guys are talking about faking trades in a 1 minute period, I am talking about trades that range 5 minutes to 48 hours.
So when I post an entry and 15 minutes later post an exit on a profitable trade, you are saying I missed the moved ?
When blackguard post an entry and 2 day slater post an exit, how do you argue that he says he stop out for a loss when he has never posted a loss on any trade ?
You guys are talking about faking trades in a 1 minute period, I am talking about trades that range 5 minutes to 48 hours.
"Just for the sake of argument, post a comment and then note the time stamp on that comment. A few moments later, edit the comment and post it again. Did the original time stamp change? I'm not suggesting that anyone here necessarily did that, I only refer to your comment about the inviolability of time stamps."
Hey thunder, thanks for pointing that out, call me nieve but I never realized you could edit a post on here. You learn something new everyday.
Hey thunder, thanks for pointing that out, call me nieve but I never realized you could edit a post on here. You learn something new everyday.
Please reread my prior post more carefully.
Hi Thunderdog,
Just for the sake of argument, post a comment and then note the time stamp on that comment. A few moments later, edit the comment and post it again. Did the original time stamp change? I'm not suggesting that anyone here necessarily did that, I only refer to your comment about the inviolability of time stamps.
This is true and can possibly happen.
However, the above comment relates only to ET itself...not IRC because its not possible to do such on IRC (editing of a time stamp post...change the trade so that its still the original time stamp post).
ET allows a 45min - 60min editing window.
Yet, in all the years I've been at ET I've never seen anyone post a trade anywhere...then edit it...it gets quoted by someone else...then the editor denies posting the original trade and pretends to edited new trade was the original.
You also need to look at the fact that this is a well-followed thread during market hours by those attempting to post their trades in realtime.
Surely someone would have seen such occur or even quoted the trade prior to it being edited.
However, regardless to the mode of trade delivery (email, IRC, forum, pm, fax et cetera)...
A follow-up correction can be sent.
If such was occurring alot with different trade info...
It's easily detected and the individual losses credibility.
...Further, the time stamp does not need to be inviolable in order to be exploited. A lot can happen in a single minute during an active market. Posting near the end of that minute and saying that you entered at the beginning of that minute can give someone a lot of room in which to maneuver.
YM can move fast...very fast.
It's impossible to have true realtime instant trade post.
Therefore, the delivery will always be delayed by seconds or more because its dependent upon how fast someone can type or click an entry into a trade posting script.
Now...here's how you avoid or detect someone posting a trade only when its in profit at the time of the trade post no matter what the delivery method is.
First, learn something about the trader's methodology.
Reason why I made an earlier reference that without such...its all an ego trip.
For example...lets say you know someone is a day trader, enters only when there's a double bottom at an s/r level he had announce prior to the open.
Lets say its 0928am est and the s/r number is 10300 for YM.
Then at 10:15:18am est that number was hit as a double bottom.
Then at 10:16:05am est the trader post his Long entry at 10300 for YM.
That's almost 47 seconds after the fact.
Now...if the trade is at a profit when the trade post is made...
It really doesn't matter because you already knew this is the price pattern this individual trades.
Yet, if YM is at a loss and no trade is posted...
You can then ask the trader isn't this where you normally go Long at...
Depending upon the reply and how often such occurs...its easy to detect credibility.
Simply, regardless if its ET or IRC or whatever...
Get to know those you are posting your trades with...learn the basics about how the other trader enters and exits trades...learn the basics about their trade management...
It's a good way to add credibility to realtime trade posts or blotters (statements).
Thunderdog, the below comments are not directed at you but are just in general comments because of seen a few individuals make reference in other threads about the Trader P/L thread.
As for blotters (statements) being used as proof or credibility (in reference to limitdown comments)...
Best to show it with the times of trades being entered or exited.
However, anything posted online can be faked with todays free image editing programs.
In fact...someone once here at ET as a joke (nobody except a few knew it was a joke) posted a very credible blotter and monthly statement.
He got high praise for being one of the few to show proof that profitable trading does exist.
He had used Snagit Editor along with Excel to fool everyone.
Like I said before...
If credibility is the issue...
Get to know the trader...learn things about their methodology eventhough the trader doesn't need to go into in-depth details.
Then...if the realtime trades or blotters don't correlate with what the trader had said how they do things...
Be suspicious of the trades being posted especially if there are a lot of absent days of no blotters being posted by a particular trader.
However, if the above still isn't suitable...
Go watch in person and bring your lunch.
If credibility isn't the issue...enjoy sharing blotters or realtime trade posts regardless to their delivery method.
NihabaAshi
Just for the sake of argument, post a comment and then note the time stamp on that comment. A few moments later, edit the comment and post it again. Did the original time stamp change? I'm not suggesting that anyone here necessarily did that, I only refer to your comment about the inviolability of time stamps.
This is true and can possibly happen.
However, the above comment relates only to ET itself...not IRC because its not possible to do such on IRC (editing of a time stamp post...change the trade so that its still the original time stamp post).
ET allows a 45min - 60min editing window.
Yet, in all the years I've been at ET I've never seen anyone post a trade anywhere...then edit it...it gets quoted by someone else...then the editor denies posting the original trade and pretends to edited new trade was the original.
You also need to look at the fact that this is a well-followed thread during market hours by those attempting to post their trades in realtime.
Surely someone would have seen such occur or even quoted the trade prior to it being edited.
However, regardless to the mode of trade delivery (email, IRC, forum, pm, fax et cetera)...
A follow-up correction can be sent.
If such was occurring alot with different trade info...
It's easily detected and the individual losses credibility.
...Further, the time stamp does not need to be inviolable in order to be exploited. A lot can happen in a single minute during an active market. Posting near the end of that minute and saying that you entered at the beginning of that minute can give someone a lot of room in which to maneuver.
YM can move fast...very fast.
It's impossible to have true realtime instant trade post.
Therefore, the delivery will always be delayed by seconds or more because its dependent upon how fast someone can type or click an entry into a trade posting script.
Now...here's how you avoid or detect someone posting a trade only when its in profit at the time of the trade post no matter what the delivery method is.
First, learn something about the trader's methodology.
Reason why I made an earlier reference that without such...its all an ego trip.
For example...lets say you know someone is a day trader, enters only when there's a double bottom at an s/r level he had announce prior to the open.
Lets say its 0928am est and the s/r number is 10300 for YM.
Then at 10:15:18am est that number was hit as a double bottom.
Then at 10:16:05am est the trader post his Long entry at 10300 for YM.
That's almost 47 seconds after the fact.
Now...if the trade is at a profit when the trade post is made...
It really doesn't matter because you already knew this is the price pattern this individual trades.
Yet, if YM is at a loss and no trade is posted...
You can then ask the trader isn't this where you normally go Long at...
Depending upon the reply and how often such occurs...its easy to detect credibility.
Simply, regardless if its ET or IRC or whatever...
Get to know those you are posting your trades with...learn the basics about how the other trader enters and exits trades...learn the basics about their trade management...
It's a good way to add credibility to realtime trade posts or blotters (statements).
Thunderdog, the below comments are not directed at you but are just in general comments because of seen a few individuals make reference in other threads about the Trader P/L thread.
As for blotters (statements) being used as proof or credibility (in reference to limitdown comments)...
Best to show it with the times of trades being entered or exited.
However, anything posted online can be faked with todays free image editing programs.
In fact...someone once here at ET as a joke (nobody except a few knew it was a joke) posted a very credible blotter and monthly statement.
He got high praise for being one of the few to show proof that profitable trading does exist.
He had used Snagit Editor along with Excel to fool everyone.
Like I said before...
If credibility is the issue...
Get to know the trader...learn things about their methodology eventhough the trader doesn't need to go into in-depth details.
Then...if the realtime trades or blotters don't correlate with what the trader had said how they do things...
Be suspicious of the trades being posted especially if there are a lot of absent days of no blotters being posted by a particular trader.
However, if the above still isn't suitable...
Go watch in person and bring your lunch.
If credibility isn't the issue...enjoy sharing blotters or realtime trade posts regardless to their delivery method.
NihabaAshi
Being new to this I think it´s fun to see people posting their entries and exits. Sometimes I ask questions, sometimes i look at my charts and try to figure out why they did what they did.
Doesn´t really matter to me if the one posting trades are papertrading or bluffing. Everybody here at ET seems so fixated with credibility. As long as there´s some logic behind the trading that I can learn something from, that´s enough for me...
good luck to everyone tomorrow,
Stalker
Doesn´t really matter to me if the one posting trades are papertrading or bluffing. Everybody here at ET seems so fixated with credibility. As long as there´s some logic behind the trading that I can learn something from, that´s enough for me...
good luck to everyone tomorrow,
Stalker