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It's not my call, of course, to say what you should do. I just wanted to point out something you may not have understood.
You should do what you think is right.... but I would think it was right to delete it, if it were mine. But I have no authority on this, that's up to the moderators, and I am certainly not one.
Just my opinion, do as you think best. And I do wish you good luck in your trading and in your journal. I may pop by to see what's happening there.
@Big Mike and @sam028 are very alert to duplicate accounts, and stamp them out quickly (you can tell from the computer's IP address.) And Mike is not preventing anyone from voting to skew the results or anything.
The vote is changing because there are many opinions, that's all. The fact that different people have a different view of what the facts are, or what they mean, is the point to the voting.
If I had the control or power to do this, I would have this embedded in everyone's subconsciousness. You cannot make money trading by "following" some vendor. Just cannot, cannot, cannot.
No one shares their primary money making system - NO ONE! I will never be convinced that someone, out of the goodness of his heart or "to give back to the community" is sharing his edge. This is THE most competitive business in the world folks. People just do not share their edge. That's the truth.
When you go work for a hedge fund, even as a short-term consulting gig, the first thing you sign is a non-disclosure, non-compete agreement. Why do you think that is the case?
I second BM's advice: stop chasing vendors of any kind. Please.
I think the main thrust of the forum is to assist each other in finding our own individual way to be a successful trader.
I agree that there is no right way to trade.
There are many different ways to be a successful trader.
There are also many ways to fail.
This forum provides several options for members to learn, discuss and share.
Having a room where members can discuss ideas and ask for suggestions is an option which is worth while.
There is obviously a demand amongst the membership for a room venue.
I would suggest the following option:
Lets have a cooperative room which is for learning, discussing and sharing ideas.
This would not be a signal calling room but certainly a place to discuss what each member is seeing and thinking of doing.
If the cost of a room for 500 members is $250 per month (and less if the room was smaller); I would be willing to pay for a months cost.
If there were 10 other people willing to pay $250 a year then there would be no need to sell indicators or charge for the room. (I have suggested this to Alex and he has agreed to the idea of sharing the room)
The room would be free.
The room would be run by a committee of moderators.
There would be no one person in control who could change to a charge for access.
I suggest there be a schedule of moderators.
We would see and hear different approaches to trading.
The burden of moderating would be shared to lessen the load.
I have been a part time moderator in a previous (free) room and suspect there are others who would share their thoughts.
I think a live room is a valuable addition to the exchange of ideas.
Lets take this idea and make it work.
Are there 10 others who would share the cost (assuming $250) and 3 or more people who would be willing to moderate for an hour at a time.
Try it for a year and see if it goes.
You are right, they can fake their statements. Two points.
.
1) Showing their brokerage statements would be the minimum standard. It would have to be over a reasonable period including draw downs and all. If they cannot even do that then Pass.
2) 99% of these Trading Room can not show anything. They never trade live!!!! Emmett will ask these con artist to show 3 months of brokerage statements and they can not do it and then he ask them to show 1 month and they cannot even do that. Heck I remember him asking one Trading Room if they could even show a single day they traded live and they could not even do that. This industry is so corrupt, most of these Trading Room would not be able to show any proof of profitable trading even over a short period where they might have lucked out. This minimum filter, which as you pointed out should be easy to met, they cannot. As most are out and out frauds that never trade a live account. That is how sad it is.
I think they do not show statements, even fake ones, because IF they were to show fake statements, they would be prosecuted by SEC then. But until then, there is nothing really they can do about them. At least right now I think.
I have been a member for years and do not remember that. I remember his footprint thread with general discussions and an occasional DOM, but showing proof of live trades backed by daily brokerage statements. I am not doubting it, just do not remember it. Please do not post, "How dare you question ....." Can you send me a link.
Now saying that I know many successful traders, but not one that is a vendor. And that is my whole point there needs to be a minimum standard and I am talking bare minimum standard that they show proof of their claims. I still cannot believe how no one ask for that and when you do you are the "BAD" person. How dare you question my integrity. I do not need to prove anything. And so forth and so forth. Pure Con Artist Responses.
Regulators are not prosecuting folks for showing genuine brokerage statements as long as they are not doing something fraudulent like showing a fake track record over 3 months and stating this is their performance and only showing winning statement and none of the losers. They prosecute for committing fraud. One of the scams these guys use is to say they cannot show statements because of the regulators. That is con artist talk. The first thing the regulators will want to see are brokerage statements. Fraud is what is illegal. Open honest transparency is what is desired.