Why does it not occur to everyone in this forum, statistically, the only people making serious money at these trading games the have devised for the general public, be it options spreadbetting futures, curriences, the City and Wall street are the only people making money out of what they discribe is a techinical computer error or your own pc, my boyfriend works at the high end of IT, and there is nothing wrong with peoples computers and all these technical glitches they blame it on, it is a lie. All games are made up of winners and losers, if they weren't winning from all these mistakes they claim, they would not be in business, its white collar theft on a grand scale, everyone signs these so called documents to say, that none of these trading companies, will be held responsible for mistakes, they are playing with everybodys money, would you go into a bank and say here take my money, if you lose it through a technical glitch so be it ! i think not, i have been trading for four years, and it does not matter which trading company or product you use, when they see you are winning, they then make mistakes on your account, slowly stealing bit by bit thousands of peoples money, if everyone started to make money, they would go bust. Do not believe either when they say there bringing out better products its all sales gimmicks, to lure the losing punter back in once more. If they are not prepared to honour and correct computer or techincal errors they should reimberse the customer, but they never do. You expect the bank, that if someone stole money from your bank account, that the bank would honour with its insurance, and they do, they will not, as its easy money. Think of all they big investors who pump money into stocks, they are going to protect these investors, otherwise if people were making good money, it would be taking it out of their very own pockets, remember winners and losers unfortnately, is how all games are devised. Blue Index rang me the other day about some new product and i said to him all the city boys with big money are robbing Peter to pay Paul, has it not occured to these rich City people that if the punter cannot win consistently, they will not come back and his reply was " i think there are beginning to realise" !! when the well has run dry, then what, i said to him, If i can make money consistenly then you will make money and i will keep coming back, if not, overall its a lose, lose situation for everyone, eventually, even City trading companies will have bled everyone dry. Most trading Software example, CFD'S move to quickly, trackers move to slowly, its deliberate so the punter never wins. I have also been told that, some of them are not even hooked up to the actual exchanges, although they claim to be and this was by a trading company.
BEWARE, the documents these trading companies are producing, is nothing more, than Legal theft, so they cannot be sued ! The best one is OH! it fell through your stop, if they cannot honour stops in trading then, do not provide them, that unfortunately is the best con they have come up with, or if you do not use stops, and you suddenly want to get off a trade your software will just shut down, or you will be stuck waiting to get off a trade although you closed it out minutes ago, they will say oh there where alot of trades closing at the same, bad luck, what i say is if you cannot consistently honor, closing and opening trades, then do not proclaim, that on your trading software platform, they will be closed out instantly !! They are monitoring all trading accounts, and when they see the punters who are winning, these accounts are watched closely, and manipulated, and closed off so you cannot get off and on trades at the time you want to. BE CAREFUL, everyone has the same idea, make small profits to start with then build up, but of course they know that with all these malfunctions they can blame it on, the punter would never be able to bet large and build up there bank too much !! in case the trade malfunctioned from their classic excuse must be your PC Computer. So the situation for most traders becomes small profits here and there, if your lucky !!
But as we all know there is no such thing as luck when trading companies manipulate trades.
Justine Bohan
s, position check doesnt tally with TT trade confo screen.....transpires glorious ICE's computer software chose to go nutz and allocate EVERYBODY's trades in those final few seconds to different people, yes thats right, completely at random.
Following a conversation with the numpty that calls himself the CEO on the telephone, the best he can offer to the market is that the only postions that count are those at the clearing house and that ICE werent responsible for our positions being out.
So, what are we left with?
An electronic market becoming dominated by one entity.
An electronic market that refuses to be accountable for its errors
An electronic market that recently put up its clearing fees ad hoc even after the very successful launch of the WTI
Further, just to rub salt in the wounds, it was not until the early hours of Thursday morning did anyone work out what their real postion was. Totally and wholly unacceptable. And ICE's response was the following sad sack e-mail to all possibly affected counterparties:
Thank you ICE.
