Independent Review of WallStreet1928

This is a discussion on Independent Review of WallStreet1928 within the General Trading Chat forums, part of the T2W Archive category; Originally Posted by Sidekicker 300 points a week and 3% per trade. Each trade seems to be around 30 pts ...

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Old Dec 1, 2011, 2:27pm   #337
Joined Aug 2008
Re: Independent Review of WallStreet1928

MajorDutch started this thread
Quote:
Originally Posted by Sidekicker View Post
300 points a week and 3% per trade.
Each trade seems to be around 30 pts though could vary. This week it seems 17 trades so far.
May as well call it 20 trades at 3% each.
He says he has a 90% win rate so that means he is claiming he is making 54% a week on his account (18 wins 2 losses = 18 x 3% = 54%).
From 5 per point (stated by him) this is 1,500 a week (5 x 300 pts).
So, the account size must be 2.777 (1,500/0.54).

He still hasn't answered which contracts and broker he trades with.
He has claimed he makes hundreds of extra pips every day on commodity trades that are not shared with anyone else.
He claims he pays CGT and that is why he uses CFDs.
Not a single one of his students gets the same number of points as him.
Obviously, none of this is compounded otherwise the % or number of contracts would have changed over time. So, he must be removing all of this from his account every week.
He hasn't answered crucial points about the exit of trades overnight when his broker couldn't possibly have filled them at the required quote.
He writes on his own thread about 1 winning trade entirely defeating his critics.
He averages into a trade but always gets 100% of the average.

There is something very wrong with his claims. Surely you must be smelling this by now?
Sidekicker

You are not helping this independent review process as you are making a number of 'thinking errors in your posts'. You seem to be applying a huge amount of 'confirmation bias' to your posts to try and confirm that WS1928 is a fraud. Let me deal with your post above.

Each trade seems to be around 30 pts though could vary. This week it seems 17 trades so far.
May as well call it 20 trades at 3% each.
He says he has a 90% win rate so that means he is claiming he is making 54% a week on his account (18 wins 2 losses = 18 x 3% = 54%).
From 5 per point (stated by him) this is 1,500 a week (5 x 300 pts).
So, the account size must be 2.777 (1,500/0.54).


This is complete guff. you are making up calculations assuming he makes 3% per trade this is guff.

He still hasn't answered which contracts and broker he trades with.
so what. FYI I think he trades with IG markets & CMC all CFD's, this is irrelevant and guff.

He has claimed he makes hundreds of extra pips every day on commodity trades that are not shared with anyone else.
so what, if he is a profitable trader he might no share some his trades. Do you expect him to give you a complete personal asset/liability breakdown and inform you every time he makes an investment decision in his life.

He claims he pays CGT and that is why he uses CFDs.
again so what. I read he doesn't trade spread bets for religious reasons. While we are on the subject of religion his religion and everyone else's is a private matter for them.

Not a single one of his students gets the same number of points as him.

jezuz wept. there are multiple trades from live alerts with averaging in so of course nobody is going to get the same point score.
Obviously, none of this is compounded otherwise the % or number of contracts would have changed over time. So, he must be removing all of this from his account every week.
no not obviously wtf are you talking about you are just making wild assumptions not helpful to anyone.
He hasn't answered crucial points about the exit of trades overnight when his broker couldn't possibly have filled them at the required quote. where, what are you talking about, is this the old spreads widen in the night cr7p.
He writes on his own thread about 1 winning trade entirely defeating his critics.
the guy comes in for some serious criticism which imo is overly personal from some quarters. This guy knows how to trade even when he posts a live trade these people dont apologise they dont acknowledge it.

He averages into a trade but always gets 100% of the average.

you complete schlong. I suggest you go and look up the word average in a GCSE maths textbook.

In summary you are being entirely unhelpful with this review, you are just making stuff up with huge amounts of confirmation bias.
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Old Dec 1, 2011, 2:36pm   #338
 
neil's Avatar
Joined Nov 2001
Re: Independent Review of WallStreet1928

Quote:
Originally Posted by MajorDutch View Post
Sidekicker

You are not helping this independent review process as you are making a number of 'thinking errors in your posts'. You seem to be applying a huge amount of 'confirmation bias' to your posts to try and confirm that WS1928 is a fraud. Let me deal with your post above.

Each trade seems to be around 30 pts though could vary. This week it seems 17 trades so far.
May as well call it 20 trades at 3% each.
He says he has a 90% win rate so that means he is claiming he is making 54% a week on his account (18 wins 2 losses = 18 x 3% = 54%).
From 5 per point (stated by him) this is 1,500 a week (5 x 300 pts).
So, the account size must be 2.777 (1,500/0.54).


This is complete guff. you are making up calculations assuming he makes 3% per trade this is guff.

He still hasn't answered which contracts and broker he trades with.
so what. FYI I think he trades with IG markets & CMC all CFD's, this is irrelevant and guff.

He has claimed he makes hundreds of extra pips every day on commodity trades that are not shared with anyone else.
so what, if he is a profitable trader he might no share some his trades. Do you expect him to give you a complete personal asset/liability breakdown and inform you every time he makes an investment decision in his life.

He claims he pays CGT and that is why he uses CFDs.
again so what. I read he doesn't trade spread bets for religious reasons. While we are on the subject of religion his religion and everyone else's is a private matter for them.

Not a single one of his students gets the same number of points as him.

jezuz wept. there are multiple trades from live alerts with averaging in so of course nobody is going to get the same point score.
Obviously, none of this is compounded otherwise the % or number of contracts would have changed over time. So, he must be removing all of this from his account every week.
no not obviously wtf are you talking about you are just making wild assumptions not helpful to anyone.
He hasn't answered crucial points about the exit of trades overnight when his broker couldn't possibly have filled them at the required quote. where, what are you talking about, is this the old spreads widen in the night cr7p.
He writes on his own thread about 1 winning trade entirely defeating his critics.
the guy comes in for some serious criticism which imo is overly personal from some quarters. This guy knows how to trade even when he posts a live trade these people dont apologise they dont acknowledge it.

He averages into a trade but always gets 100% of the average.

you complete schlong. I suggest you go and look up the word average in a GCSE maths textbook.

In summary you are being entirely unhelpful with this review, you are just making stuff up with huge amounts of confirmation bias.
In support of what Dutch writes :
Bear in mind that the "Turtles," despite being trained by Dennis did not get exactly the same results; and not all "Turtles" were profitable traders despite being "Dennis" trained. The preceding is just something to bear in mind where people expess the expectation that all traders will make exactly the the same trade/profit as the signal giver.
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Old Dec 1, 2011, 2:42pm   #339
 
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Re: Independent Review of WallStreet1928

Do people still use the word guff these days?
I will address each of his points at the end of the review when we can have a nice conclusion.
...even though they have actually been addressed already in separate posts including his religious claim, which BTW is guff as he has already used spread betting and promoted it to people.

Last edited by Sidekicker; Dec 1, 2011 at 2:47pm.
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Old Dec 1, 2011, 2:45pm   #340
Joined Aug 2008
Re: Independent Review of WallStreet1928

MajorDutch started this thread
Quote:
Originally Posted by neil View Post
In support of what Dutch writes :
Bear in mind that the "Turtles," despite being trained by Dennis did not get exactly the same results; and not all "Turtles" were profitable traders despite being "Dennis" trained. The preceding is just something to bear in mind where people expess the expectation that all traders will make exactly the the same trade/profit as the signal giver.
well Amen to that. this thread is so full of 5hite with many people just spouting absolute drivvle. If you are going to post something please make sure it is factual and not some vitriolic rant.
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Old Dec 1, 2011, 2:48pm   #341
Joined Aug 2008
Re: Independent Review of WallStreet1928

MajorDutch started this thread
Quote:
Originally Posted by Sidekicker View Post
Do people still use the word guff these days?
I will address each of his points at the end of the review (even though they have actually been addressed already in separate posts including his religious claim, which BTW is guff as he has already used spread betting and promoted it) when we can have a nice conclusion.
take it on the chin sidekicker. stick to facts and facts only all this vitriolic nonsense is just that.
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Old Dec 1, 2011, 3:38pm   #342
Joined Nov 2001
Re: Independent Review of WallStreet1928

Quote:
Originally Posted by wallstreet1928 View Post
I have decided to preserve flashearts honour and dignity, even though he disrespected and stated that my ftse and nasdaq longs would hit stop loss. Please read the thread and realise what type of person mr flasheart is.
http://www.trade2win.com/boards/uk-i...ml#post1735064

I have also been made aware he as been disrepecting me at a different thread which is not very nice at all

they have both been closed for + 40


total points today = + 75

all called live on this thread
http://www.trade2win.com/boards/uk-i...ml#post1735064

total points for the week = + 420
WS, without doubt, you are your own worst enemy.

Instead of shutting up and confining yourself to sending emails which can be analysed by people who you have invited to do so, you cannot resist entering into silly posts about respect and dignity with those whose only aim is to antagonise.

Don't you see that?
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Old Dec 1, 2011, 3:42pm   #343
 
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Joined Jan 2004
Re: Independent Review of WallStreet1928

Shakone may I ask if there was a new long after 10am? as in your post is said text at 10:12 all longs close FTSE +40

but at 2:52 WS posted jumping off long now closed FTSE +40
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Old Dec 1, 2011, 3:46pm   #344
 
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Re: Independent Review of WallStreet1928

There was no new long dc2000, but Wallstreet may be holding a final par tof his position all this time. I exit fully on the target given, because at times it is a bit unclear about how much to exit. Sometimes he seems to exit fully, other times two-thirds, other times I don't know how much he's exited. Safest thing for the review is for me to exit fully when he does.

In particular the email at 10:12 did state "All long trades closed +40"
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