In which case Voltron... ALL of the retail CFD, S/B or Currency trading platform providers would be held accountable under the Trades Description Act... Because they all tout for business using the "You win, we win" mantra.
Not quite sure how it works if we lose though. !!
The point is, if you start to show any degree of success I would have thought you just set yourself up with a few different account to stay "off the radar" so to speak.
It's a conspiracists wet dream all this "they are out to get me/us" rubbish. People get greedy, get reckless and THAT is when is goes to pot, not because and order is missed by 1 or 2 points. And as an example, I was trading CapitalSpreads simulation account a while back, and they missed orders a plenty, slipping by 1 or 2 both sides of the trade.
If they are so keen to get mug punters on board, it's hardly an endorsement for their platform is it ? The reality is that we are at distance from the market, servers slow up, systems crash, networks get bottlenecks... no matter how much they have spent of infrastructure. Then you have the lags from your ISP to your desktop... it all mounts up.
I just accepted it and adjusted accordingly. Too easy to blame the suits.
Also, as for this "once a system works, it's made public"... how do you or anybody else know what system Joe Public is operating ?? And are you saying that a daily $1.5trillion market can be manipulated by the Stochs overbought/oversold strategy of one man who has made such a strategy work for him ??
Bottom line is... decision are made and consequences ensue. I do beleive all the tools are there to make trading work. You just have to use them properly, and that comes down to the mental state/strength of the person placing the trades.
Be lucky one and all. And a Merry Xmas.
VOLTRON said:
....you're right commanderco, i've been reading some of the messages on here and it is evident that SOME traders are trying to make out they've got some kinda of master plan they believe no-one else knows......lol it's often a logic bankrupt idea. The best of marketmakers work on the law of averages , they know over time it is hard to impossibe for you to predict the market accurately most times and in reality the so-called TREND are rarely straight forward .........very often you'll have been kicked out of the market several times during the trend and your profit at the end of the trend is at best derisory. Without giving too much away for data protection sake as i still work where i work, the retail traders that gets marketmakers worried are not the ones that make £3000 a day because they know its not sustainable .......it's the ones that make £18 per trade profit 15 -20 times a day cos they're often working on a very high probability trading strategy and are often hard to stop . The way a marketmaker stops that is my making the strategy public inorder to dilute its effect .
Another thing i don't understand is why do people a lot of traders believe the phrase "Past performance is not an indication of future performance " only to contradice that believe by subscribing to some expensive charting tool that merely tells you whats already happened?? please educate me on this if you have an answer!! lol
I believe trading successfully or for a living .....is for the few that have that incisive look to fish out the "EDGE" cos it's there but takes more than charts, rumours , etc to find. The investment banks know they're on to a good thing for as long as the "Integrated model" exists which is a system where by big investment banks are the marketmakers and also the big time traders ........because they can see price formation from hedge funds, government treasury depts, etc ........early.
Have a good w'end .