Independent Review of WallStreet1928

This is a discussion on Independent Review of WallStreet1928 within the General Trading Chat forums, part of the Reception category; Originally Posted by wallstreet1928 gentlemen think for a second .............sit back and think what we are arguing over ? Do ...

Closed Thread
 
LinkBack Thread Tools Search this Thread
Old Dec 2, 2011, 12:49pm   #431
Joined Oct 2006
Re: Independent Review of WallStreet1928

Quote:
Originally Posted by wallstreet1928 View Post
gentlemen think for a second .............sit back and think what we are arguing over ?

Do you realise we are arguing over where Wallstreet1928 should take his profit ? hahaha

We are not arguing over stop loss etc etc ...we are arguing over whether I should take + 33 or + 40 or + 60 !!

Life is good when you are arguing over profit

argument won ...argument over !!


Happy weekend to all
We are trying to point out to you that five cannot be divided by three. Primary school children know that.
pboyles is offline  
Old Dec 2, 2011, 12:52pm   #432
Joined Apr 2006
Re: Independent Review of WallStreet1928

Quote:
Originally Posted by wallstreet1928 View Post
argument won ...argument over !!
I'd probably ask for my tuition fee's back if you really believe its possible to obtain an integer value when dividing 5 by 3

Thats the problem when you dont actually trade, these kind of practical difficulties often come back to trip you up

Alternatively, name me one broker who provides a facility to open and close totaly flexible position sizes in the markets that you trade.
the hare is offline  
Old Dec 2, 2011, 12:56pm   #433
Joined Oct 2006
Re: Independent Review of WallStreet1928

Quote:
Originally Posted by the hare View Post
I'd probably ask for my tuition fee's back if you really believe its possible to obtain an integer value when dividing 5 by 3

Thats the problem when you dont actually trade, these kind of practical difficulties often come back to trip you up

Alternatively, name me one broker who provides a facility to open and close totaly flexible position sizes in the markets that you trade.
Wallstreet,

The game is up, youve been caught out lying. Go and try your luck on babypips, there are a lot more gullible people there.
pboyles is offline  
Old Dec 2, 2011, 1:11pm   #434
Joined Apr 2006
Re: Independent Review of WallStreet1928

Quote:
Originally Posted by pboyles View Post
The game is up, youve been caught out lying. Go and try your luck on babypips, there are a lot more gullible people there.
Perhaps WS1928 has a very accommodating broker who allows him to close partial positions. They are kind enough to provide him fills at levels where the markets didnt actually trade, so I'm sure partially closing a contract wouldnt pose much of a problem.

I really wouldnt advise pulling this stunt at babypips. T2W is a marketers paradise, and they'll tolerate almost anything for lulz, but he might just find things are a litle bit different over there.
the hare is offline  
Old Dec 2, 2011, 1:19pm   #435
 
Sidekicker's Avatar
Joined Aug 2011
Re: Independent Review of WallStreet1928

It's pretty obvious to all now that ws is a paper trader.
Sidekicker is offline  
Old Dec 2, 2011, 1:44pm   #436
 
isatrader's Avatar
Joined Oct 2010
Re: Independent Review of WallStreet1928

Quote:
Originally Posted by the hare View Post
Lets assume you open 5 contacts. Presumably you could could close 3 contracts which equates to 60% of your position, or 4 contacts, which equates to 80% of your position, but you cant really close 66.66% unless of course you are trading with a broker who allows you to trade with a totally flexible position size (there are retail brokers who provide this facility for forex markets, but I'm not aware of anyone who provides this for the instruments you trade). However, leaving that obvious discrepency aside.

You enter 5 lots

you close 3 at +40
you close 2 at + 60

how many pips do you consider you made in that situation. Go on, humour me.
I'm going to help him out a little here as I trade CFDs with CMC markets and they do let you do fractional pricing on everything and also you can adjust your leverage from 0 to 99.75%.

So maybe he uses them, as they are the only ones that do it I believe, which is why I use it. Here's the link Fractional CFD trading | CMC Markets
__________________
isatrader

Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill – Reminiscences of a Stock Operator.
isatrader is offline  
Old Dec 2, 2011, 1:50pm   #437
 
Masquerade's Avatar
Joined Nov 2007
Re: Independent Review of WallStreet1928

Quote:
Originally Posted by wallstreet1928 View Post
gentlemen think for a second .............sit back and think what we are arguing over ?

Do you realise we are arguing over where Wallstreet1928 should take his profit ? hahaha
Well it's more fundamental than that. It's whether Wallstreet is actually making 40 pips in a trade rather than 160. It's whether someone can really make 500 pips/week with you when in practise it's making <100 (which could be lost in one or two bad trades.) It's whether your claims are exaggerated by creative accounting.

Do you have skype?
Masquerade is offline  
Old Dec 2, 2011, 2:05pm   #438
Joined Apr 2006
Re: Independent Review of WallStreet1928

Quote:
Originally Posted by isatrader View Post
I'm going to help him out a little here as I trade CFDs with CMC markets and they do let you do fractional pricing on everything and also you can adjust your leverage from 0 to 99.75%.
Thanks for that, its a genuinely useful facility (other than it being provided by CMC). I'm sure that somewhere in his thread, the issue of who he's trading with has been raised and discusssed.

If he has access to fractional pricing why cant he simply say, my broker offers fractional pricing. The real issue isnt about how many lots he closes, the issue is trying to understand how he eventually ends up at a pip count.

It doesnt really matter how he does it, as long as its fully disclosed, and applied consistently to winners and losers. The fact that he simply wont answer such a simple question is the reason that he's under fire.

I gave a hypothetical scenario, 2 lots at +40 and and 1 lot at +60. Rather than simply type a number such as +48, or +140 he waffles on for pages and pages avoiding the question, and redirecting people to a thread almost 2500 pages in length.

He cant really expect to be treated with respect when he plays these types of games.
the hare is offline  
Old Dec 2, 2011, 2:07pm   #439
Joined Aug 2008
Re: Independent Review of WallStreet1928

MajorDutch started this thread [QUOTE=shewolf;1736300WallStreet1928,
I have not run off anywhere. Let me tell you what I think that you are doing:

1 You and MajorDutch are one and the same. (I know this from the correspondence that you have sent to me)]

great theory sherlock bad sadly not true. happy for you to contact T2W staff and confirm IP addresses.
MajorDutch is offline  
Old Dec 2, 2011, 2:17pm   #440
 
isatrader's Avatar
Joined Oct 2010
Re: Independent Review of WallStreet1928

Quote:
Originally Posted by the hare View Post
He cant really expect to be treated with respect when he plays these types of games.
I agree. He should probably run for Parliament. He never gives a straight answer to anything. Maybe he likes antagonizing people on here, who knows.

They do say though that even bad publicity can be good publicity. So he's probably got a load of newbies signing up from all the hype on these threads. At £600 a year per person, I imagine he's done alright out of this.
__________________
isatrader

Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill – Reminiscences of a Stock Operator.
isatrader is offline  
Closed Thread

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Similar Threads
Thread Thread Starter Forum Replies Last Post
Reminiscences of a Wallstreet1928 Subscriber Mr Squirrel Trading Journals 21 Dec 2, 2011 5:55am
Lost Link: Independent System Review/Testing Crassius Trading Systems 4 Apr 5, 2011 6:58pm
Why was Wallstreet1928 not recognised in '09 MC Awards? dr.blix T2W Feedback & Announcements 2 Nov 26, 2009 11:52am

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)