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January 25th, 2012, 10:48 AM
Honolulu, Hawaii
Experience: Intermediate
Platform: NinjaTrader
Broker: ATC/TT, AMP/Zen-Fire, AMP/CQG
Trading: TF
Posts: 2,543 since Jun 2010
Thanks Given: 3,803
Thanks Received: 2,842
DionysusToast
OK Mike - if you say that wasn't a poke at me with the account number thing, fair enough.
As for SIM vs Real - this is quite important.
There is a lot of value in watching a profitable trader execute. This is one of the few ways to pick up on the nuance of a method. For instance, if someone says "give it a few moments", as a student, you'd come to your own conclusions on what "a few moments" is.
I dont agree with following someone or shadow trading but I do believe there is much value in being in a room (virtual of physical) with someone that knows what they are doing.
Someone that SIM trades, that cannot put their money where their mouth is - well that's a person that isn't able to trade. There is zero benefit in watching such a person. Such people should be learning, not teaching. They should be watching, not showing.
So - I feel these things are important, so that new entrants into trading don't get sucked up into a bullshit vortex.
Now - in terms of Mr TradeItDontDateIt.. I took liberty to record his
DOM against mine. Now at this point I have to cross a line somewhat vendor-wise and tell you that my DOM shows the executions, so I can clearly see whether trades actually went through against a
bid or not.
So - I watched & waited for him to make a trade. He was long 25
contracts and
flipped to short. What I should have seen was 50 contracts hitting the bid and guess how many went through??? Yup - none at all.
It's fake, totally fake. He switched off shortly after making that trade.
I wont post the video as it could be construed as advertising but I will PM it to Mike.
He uses a special feed where only uber-wealthy traders who shop for handbags get to use. Gosh, didn't you know that!
Can you help answer these questions from other members on NexusFi?
Best Threads (Most Thanked) in the last 7 days on NexusFi
January 25th, 2012, 10:53 AM
virginia
Experience: Intermediate
Platform: ninja
Trading: NQ
Posts: 6,098 since Jun 2009
Thanks Given: 877
Thanks Received: 8,090
DionysusToast
This is true indeed.
I presume you are accusing me of that, right? As you included my picture with your comment.
Is there some reason I've led you to believe I'm dishonest Mike?
on the net, that is how you 'join' the same train of though by including what already 'said'.
January 25th, 2012, 10:57 AM
virginia
Experience: Intermediate
Platform: ninja
Trading: NQ
Posts: 6,098 since Jun 2009
Thanks Given: 877
Thanks Received: 8,090
bluemele
He uses a special feed where only uber-wealthy traders who shop for handbags get to use. Gosh, didn't you know that!
he left out the part he clicks back and cancels all orders imm.
February 6th, 2012, 02:53 PM
Phoenix AZ
Experience: Beginner
Platform: NinjaTrader
Broker: AMP / CQG
Trading: CL, ES, NQ
Posts: 310 since Nov 2011
Thanks Given: 153
Thanks Received: 432
Does he trade live? I checked out livestream and it appears he is showing old charts from 2011.
February 6th, 2012, 10:31 PM
Posts: 2,988 since Nov 2010
Thanks Given: 831
Thanks Received: 10,394
BeachTrader
Does he trade live? I checked out livestream and it appears he is showing old charts from 2011.
He does SIM trade - usually between tea time & when his mom tells him to turn his lights out.
About 9/10pm EST is when he's at it....
February 7th, 2012, 03:30 PM
Phoenix AZ
Experience: Beginner
Platform: NinjaTrader
Broker: AMP / CQG
Trading: CL, ES, NQ
Posts: 310 since Nov 2011
Thanks Given: 153
Thanks Received: 432
He appears to be trading live today. Why would he SIM trade with those results? He seems to be a really good trader. Makes no sense not to make real money, even with reduced contract size.
February 7th, 2012, 04:26 PM
Chicago Illinois USA
Legendary Market Wizard
Experience: Advanced
Broker: IB, ToS
Trading: /ES, US Equities/Options
Frequency: Several times daily
Duration: Hours
Posts: 3,571 since Aug 2011
Thanks Given: 2,088
Thanks Received: 9,643
BeachTrader
He appears to be trading live today. Why would he SIM trade with those results? He seems to be a really good trader. Makes no sense not to make real money, even with reduced
contract size.
If your not ringing it up toady turn in the mouse and look for your wing-tips.
February 7th, 2012, 06:17 PM
SF Bay Area
Experience: Advanced
Platform: Sierra
Broker: Multiple
Trading: CL, ES
Posts: 564 since Nov 2011
Thanks Given: 546
Thanks Received: 594
wldman
If your not ringing it up toady turn in the mouse and look for your wing-tips.
That's assuming the trader went long and stayed long from the morning pullback .. The entire 40-42 level can also be seen as a potential short. I have not followed him lately but from what I saw when I did, he seems to have some trading skills and I often wonder the same thing myself but I'm done guessing around this...
February 7th, 2012, 08:54 PM
Posts: 2,988 since Nov 2010
Thanks Given: 831
Thanks Received: 10,394
BeachTrader
He appears to be trading live today. Why would he SIM trade with those results? He seems to be a really good trader. Makes no sense not to make real money, even with reduced
contract size.
Did you see complete trades from start to end - begin to close.
Just asking 'cause whenever I watched it, he'd open up with a trade already in progress..
February 8th, 2012, 11:50 AM
Honolulu, Hawaii
Experience: Intermediate
Platform: NinjaTrader
Broker: ATC/TT, AMP/Zen-Fire, AMP/CQG
Trading: TF
Posts: 2,543 since Jun 2010
Thanks Given: 3,803
Thanks Received: 2,842
Anyone can turn profitable via SIM if they treat is like SIM!
It is the easiest thing in the world to be a profitable trader via SIM....
Do not let SIM traders fool you...
Last Updated on July 13, 2017