Can T2W be saved?

[Jimmy Lulz]

I wonder.

Monday morning, and only 160 members and under 600 guests online.

Over at Forex Factory (which is more of an American focus so should be busier later, whereas T2W is UK-focussed), nearly 900 members and 4500 guests online.

A lot of the stalwart, regular members of recent years banned, gone away or gone quiet.

The whole place festooned with adverts and awash with the lowest type of system vendor.

Where are the serious discussions about trading? I mean actual trading with real brokers, not punting on spot forex with a bucket shop, or "trading" the "UK 100" cash with a bucket shop. Or "scalping the FTSE", by which people mean "trading" the "UK 100 cash" "off" 5 minute charts.

Compare this to the standard of discussion at Elite Trader (not that I'm praising ET, but the difference is marked). You do at least have discussions about the actual mechanics of trading.

Even the banter and the humour seems to be drying up. The place is starting to become effectively a ghost town, with virtually no trading discussion, and little fun to be had.

The Hare has been pointing this out for a long time, but nobody seemed to want to listen. The decline in standards over the past few years has been remarkable. The decline from the early days when the membership included pit and other professional traders even more so.

Is T2W still really a trading site? Is it a community of traders? Does it serve a useful purpose for the members?

Or is it principally a means of putting gullible new people within reach of unscrupulous vendors and rapacious bucket shops? They certainly seem to be the focus of the site, to the detriment of post and member quality. The new book is perhaps the worst example I've seen of the misguided direction of the site. Such things in my opinion help to explain why serious people now so infrequently make serious posts on this site. I agree with The Hare's long-standing complaint - that it is pointless posting anything of quality. The management has decided that it wanted to aim the site at newbies, with the results that we have seen.

What are people's thoughts on this? Do you agree? And if so, can T2W be saved?

This will be the last thread I contribute to before I depart for warmer climes. It would be gratifying if my last act here was to provide the spark for a risorgimento.

 

[dan1986ccfc]

May I ask what banned T2W member you used to be? Just curious

I agree with your post, I've been lurking round here for about a year now and even in that short space of time the quality has fallen.

 

[tommac]

Maybe if people stopped posting boll****ks it would help.(not OP)
There are only a handful of "pro " traders-- not enough to keep a website alive. 90% of retail traders are sitting at home with their modest capital trying to make a living/profit.
Nothing wrong with "bucketshops" ie spreadbetting.I`ve been trading for 30 years and still use them often. Problem is most posters have their losing Ea`s and think that is trading.

 

[Jimmy Lulz]

May I ask what banned T2W member you used to be? Just curious

I agree with your post, I've been lurking round here for about a year now and even in that short space of time the quality has fallen.

You can, but I cannot reply as I do not have the time. Dozens of them, most now entirely erased. Doubtless they are still swelling the membership numbers though .

A few I can think of: Ron Homo, Schlongman Bada$$, Roy Bender, The Lulz Guy (might have been Teh Lulz Guy), Chuck Bada$$ Norris. Have Patience and I might be able to think of at least one more.

 

[Jimmy Lulz]

Maybe if people stopped posting boll****ks it would help.(not OP)
There are only a handful of "pro " traders-- not enough to keep a website alive. 90% of retail traders are sitting at home with their modest capital trying to make a living/profit.
Nothing wrong with "bucketshops" ie spreadbetting.I`ve been trading for 30 years and still use them often. Problem is most posters have their losing Ea`s and think that is trading.

I agree there's nothing wrong with spread betting (and I still use it also). But the site seems to be almost exclusively spread betting on forex, ie the typical thing that a clueless noob would be suckered into by the vendors / SB companies (again, nothing wrong per se with spread betting forex).

It just seems to be to the exclusion of everything else. For example, could you find many people to intelligently discuss the futures markets? I'm talking index futures, let alone soybeans, wheat or hogs.

 

[Hotch]

Yeah, we need more iron condor traders...

 

[advfntrader]

I have always had the impression Futures trading is more a US thing as Spreadbetting is banned there ? why not just spreadbet oil, corn etc ?

 

[G.O.A.T]

Take away a few of the regular members and this place would come to a standstill. Swanny going last week must have almost halved the amount of posts made within the last week and most of them made just to disagree/argue with him.

oh yeah don't forget:
Phantom666
Phoenix666
Mofo T Lulz
The Fonz
There's definitely more...

 

[Jimmy Lulz]

Take away a few of the regular members and this place would come to a standstill. Swanny going last week must have almost halved the amount of posts made within the last week and most of them made just to disagree/argue with him.

oh yeah don't forget:
Phantom666
Phoenix666
Mofo T Lulz
The Fonz
There's definitely more...

LOL Poor old Swanny. He was definitely a valuable and useful member, albeit not for reasons that he would have liked. He was one of the few people whose posts I would actually search for each time I came on, just to see what utter bullsh1t he had come out with. Priceless stuff, absolute comedy gold some of it. I wonder if he ever did manage to convince anybody that he was a "consistently profitable trader"? Hard to imagine, but possibly some complete noobs might have fallen for it.

It was a shame that he got bitter about his failure towards the end, and started being nasty with people. He let himself down there - he should have just accepted that he wasn't any good instead of taking it out on others.

Sad to think that the Swanny name is now defunct. End of an era.

Another name I think was Rod Mofo Johnson. Also possibly Dave Ar$ebandit, although I might be imagining that one. Sanctuary-something and FE Smith, probably.

Anyway, there won't be any more. I've decided on ET for future forum activity. It's not a great place, but there are fewer ads and more trading talk.

 

[petedeluiz]

T2W is fine.

I don't think more than 1% members in FF is successful, so the blind leading the blind is not so good, for those majority senior members there, their ego speaks for themselves and have nothing to do with trading. They just want to be right, so, let it be

Trading is simple, so, no need too much discussion or we can fall into analysis paralysis trap. Discipline requires time. So, 10k of hours stares at chart would give us some ideas how to beat the markets.

Senior members here is better since all they say is joking, nothing related to trading, that's actually a good thing, this could help a lot of newbie not taking other opinion. Trading is lonely business, so, we need to be grateful to have a place such as t2w for us to talk.

 

[Jimmy Lulz]

T2W is fine.

I don't think more than 1% members in FF is successful, so the blind leading the blind is not so good, for those majority senior members there, their ego speaks for themselves and have nothing to do with trading. They just want to be right, so, let it be

Trading is simple, so, no need too much discussion or we can fall into analysis paralysis trap. Discipline requires time. So, 10k of hours stares at chart would give us some ideas how to beat the markets.

Senior members here is better since all they say is joking, nothing related to trading, that's actually a good thing, this could help a lot of newbie not taking other opinion. Trading is lonely business, so, we need to be grateful to have a place such as t2w for us to talk.

You make a lot of good points, and most forums are of course filled with bullsh1tters.

But I worry that T2W has become completely detached from it's ostensible purpose. Add to this there is little wit or banter any more. Who then will come here?

 

[scose-no-doubt]

Far Quinnell?

 

[Jimmy Lulz]

This is what happens when you tailor a place to noobs. You get lazy people asking questions like this:

http://www.trade2win.com/boards/first-steps/135228-ig-index-ig-markets.html#post1678650

What's the difference between IG Markets and Index? Am I missing something?

Yes, if you want any chance at succeeding. You are missing work, motivation and the intelligence to do any thinking for yourself. No wonder senior and experienced people don't stick around.

 

[Jimmy Lulz]

Far Quinnell?

Not me I'm afraid. I thought that was Dash. I wasn't Conkey Dock either.

 

[scose-no-doubt]

They should create a new topic category for anything remotely spreadbetting related. Systems, betting journals, company reviews... Everything.

 

[BeginnerJoe]

I think the OP is still sore from being banned. The truth is the website can survive without him. So long as the advertising revenue is flowing in, everything is perfectly fine. The OP continues to return here despite being banned numerous times suggests there is something here. Perhaps there's more lulz per post here than elite traders. Trading can be quite boring. The importance of lulz cannot be overstated.

 

[dan1986ccfc]

IMHO

I thought Jimmy was Black Swan :|

 

[Jimmy Lulz]

I think the OP is still sore from being banned. The truth is the website can survive without him. So long as the advertising revenue is flowing in, everything is perfectly fine. The OP continues to return to here despite being banned numerous times suggests there is something here. Perhaps there's more lulz per post here than elite traders. Trading can be quite boring. The importance of lulz cannot be overlooked.

Beginner Joe is a perfect example of what I'm talking about. Whoever he is he's been round a good few times before - in fact, I think he's an alter ego of someone who's here in a more serious guise.

Whatever the case, I think he represents a member driven to post drivel by the foolish atmosphere (which I believe has been officially encouraged). He would doubtless ask what else could he do, and would accept that - indeed, it is how I feel about the matter. But of course the result is that the circle simply grows more vicious.

 

[Brock Landers]

I am, or have been:

DashRiprock
FarQuinnell
Brock Landers

and my next incarnation will be...

.. ChestRockwell.

Thank You and Goodnight.

 

[G.O.A.T]

LOL Poor old Swanny. He was definitely a valuable and useful member, albeit not for reasons that he would have liked. He was one of the few people whose posts I would actually search for each time I came on, just to see what utter bullsh1t he had come out with. Priceless stuff, absolute comedy gold some of it. I wonder if he ever did manage to convince anybody that he was a "consistently profitable trader"? Hard to imagine, but possibly some complete noobs might have fallen for it.

It was a shame that he got bitter about his failure towards the end, and started being nasty with people. He let himself down there - he should have just accepted that he wasn't any good instead of taking it out on others.

Sad to think that the Swanny name is now defunct. End of an era.

Another name I think was Rod Mofo Johnson. Also possibly Dave Ar$ebandit, although I might be imagining that one. Sanctuary-something and FE Smith, probably.

Anyway, there won't be any more. I've decided on ET for future forum activity. It's not a great place, but there are fewer ads and more trading talk.

I'm glad I was not the only one stalking swanny (D.R.R and Pazienza too oh there's another one) and his posting activity. My favourite swanny moment was when he was raking in 300pips a week off the smalls with 30pips max stops and was risking 2% per trade then promptly annouced he couldn't be bothered with as it just wasn't worth it:whistling He used to contradict himself far too much to be any good as a bullshizzer.
I'm really gonna miss him though, He was great for stirring it up

Can you remember what your first nic was here?