spanish89...

on any spanish89 discussion threads would you like to -

  • close all threads and bin any new threads started

    Votes: 10 12.7%
  • leave them open

    Votes: 29 36.7%
  • couldn't care less

    Votes: 40 50.6%

  • Total voters
    79
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More interestingly - is there some way we can get TD or someone at futex to rig up some cameras so we can watch Spanish's interview online if for some bizarre reason he gets one?

My prediction is that he'll post something like this on another trading forum in a short time..

Just search and replace "special constabulary" with "futex"

Accepted but then rejected - PoliceSpecials.com Forum

Hello, im not really sure what anyone on here could do to help me about this, but im feeling really really upset and so didn't know who else i could turn to.

I applied to join futex a few months ago now, and was 2weeks ago accepted to the assessment day.

Then today, a few days before the day i received a letter from someone from futex saying they have given my application careful consideration and are unable to offer me an appointment in this force, and they reserve the right to reject an applicant without giving a reason.

This shocked and upset me as they had previously said that i had passed the security checks and had been accepted, and i have no criminal record, so didn't know what could have caused this.


So i google searched my name, and was extremely shocked when i saw a search result for a stock market trading / gambling website, with someone who was claiming that they were me, posting a photo of me, claiming that they (i) have been committing illegal activity on ebay, and then encouraging someone else to forward the link for that thread to the chief of Surrey police!


I am a professional ebay trader for my career, but i have never ever used that website, let alone committed any illegal activity on ebay or any other form of illegal activity.


I have checked the date that the thread was posted on that forum, and it is the exact same date that the letter was sent to me,
and so i feel extremely concerned and upset that i feel this complete scam and false use of my identity may have caused me to lose my chance of working in futex


I have subsequently asked a few of my friends who knew that i was applying to work as a trader if they knew anything about this, and i have found out that it was done by a group of people strongly dislike me due to the fact that they racially assaulted me and so got arrested for it, and so when they found out that i was applying to be a trader they set out to set me up.


Im not sure what anyone on here could do to help me if anything, or what i could say to the police to convince them that this was not me who posted any of that material, and that i have never been involved in any scam.

Since they wont even tell me what the exact reason is that caused them to know reject my application, and even though im pretty sure this must be the reason as i simply cannot think of any other reason that could have caused it, and because the dates correspond,
i would simply be making myself look guilty if i contact them and say that i have found this website and that it wasn't me, as they would ask why i was googleing my own name.


I have wanted to join futex for my entire life though, and so working in the firm was very important to me, and so this is ruining my entire life and future and so is extremely frustrating and upsetting as i haven't done anything wrong whatsoever!



Any help you can give me will be extremely appreciated.


Thanks
 
You can be unskillful and unlucky, skillful and lucky, skillful and unlucky and unskillful and lucky. The fact that you do or don't understand probability doesn't change the fact that your kid who you just left at the creche gets killed when Mohammed Ata decides to fly a plane into the building whereas your friends kid who is at home because he is sick stays alive.

And it is perfectly possible to trade and make millions and keep them purely by luck.
 
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More interestingly - is there some way we can get TD or someone at futex to rig up some cameras so we can watch Spanish's interview online if for some bizarre reason he gets one?

That would be interesting! I wonder how he'd do with the aptitude testing etc :D

A few shots of white rum behind the eyelid in the waiting room will have him setup nicely - fastest way into the bloodstream you know, Spanish!
 
That would be interesting! I wonder how he'd do with the aptitude testing etc :D

A few shots of white rum behind the eyelid in the waiting room will have him setup nicely - fastest way into the bloodstream you know, Spanish!

Hmmm really, we'll have to try that next week! :D
 
Personally I feel that there are at least two aspects to the ‘luck’ which people are referring to here. In S89’s case he literally ‘compounds’ his ‘bad luck’ with poor trade management. The net result appears to be double digit percentage losses to his account from a single trade. Likewise he is not capable of managing his winning positions either and admits that he closes them too early. Therefore, in my opinion, whether luck does or does not occur is largely irrelevant since it is how you manage your ‘luck’, both good and bad, that determines how successful you will be. Ultimately S89 appears to completely miss this point when he plans his trades – his mindset is one where he says “I think the market will now do X”, and he makes his trade accordingly. In doing so he does not plan for all possible outcomes. This is what sets him apart from successful traders – successful traders do not enter a trade and expect to be right, they don’t mind what happens in each individual trade, what they ‘know’ is that they expect to show a profit after a large number of trades. If someone enters a trade and gets stopped out 2 minutes later for a 150 pip loss on GBPUSD then they may call it ‘bad luck’ but, so long as they followed their plan, then the ‘bad luck’ doesn’t alter the longer term outlook.

I would have to say that I agree with Wasp on most of his points. They seem valid to me.

People have mentioned casinos and luck. Again I would say that no luck is involved. The casino bosses know that they have a statistically proven edge on each and every game. As financial traders we should see this and intimately understand this point. Casinos are not worried about clients who have a winning run at the tables for an hour or two – they know that either the same client or a different client will carry on playing until the casinos edge takes full effect. In the financial world we can give a monetary value to pretty much anything; stocks, bonds, futures and options. Each item is priced minute by minute in real time. The biggest con the casino plays on its clients is making the client believe that it is the ‘spin of the wheel’ which is the determining factor (in terms of the clients ‘luck’). The spin of the wheel has nothing to do with it! The casino has made its money the moment that the client sticks his $100 on RED or BLACK – this is because the casino has successfully sold the client something for more than it’s worth. The wheel hasn’t even been spun yet and someone has paid $100 for a slot on the table worth only (assuming single zero roulette) $100x(36/37) = $97.28 !!

Even in a casino it can be argued that “luck doesn’t come into it”

Steve.
 
I'd rather be lucky than skillful.

I would say the reverse...

Any idiot can open a trade and be 'lucky' or 'unlucky', it takes skillful trading to know when to dump it or when to run it. Opening the trade is less than half the skill.

Steve.
 
its a bit like poker, i believe its possible to be so **** at poker than you can actually be good! im sure any poker players amongst us will know what i mean..
 
Further 2¢

so luck does exist!

LOL..Luck is a term used by HUMAN BEINGS to describe events in which outcomes are determined by chance. So it doesn't really 'exist' as such. I don't agree with some of the analogies given, in particular driving. Do you rely on luck when driving from point A to point B or do you rely on skill derived from practice and experience? If you get safely from Point A to Point B whilst driving with a blindfold then yes, you were 'lucky' as well as completely reckless and mad. But how do you determine the probability of having an accident whilst driving with a blindfold? Well, you can't. Statistics won't work because what if everyone in your sample was lucky? You would conclude that the chances of having an accident whilst driving blindfolded is 0. Would you still drive blindfolded?

I don't think anyone is disputing the fact that you can be 'lucky' with trading, among other things in life, but it would be absolute folly to suggest or think that you can remain profitable with a trading strategy that relies on luck.

From what I saw, spanish89 entered so many trades in a day that he was likely to have a few wins here and there and confuse that with skill, which is the most dangerous thing to do.
 
As S89's main ET compadre, I think you'll find he is just stirring the pot!

No one truly believes they can have a reliable career made out of luck.

...as daft as assuming everyone who lives in Brighton is gay! (ffs arabian!)
 
Skill is something that can be repeated.

Yes

In trading we intend to survive in the business for an extended period of time. Therefore we need 'skills' which ensures that luck has little or indeed no bearing.

If we only made one or two trades in our lifetimes then luck would be important. The more trades we make the less this is so.

Steve.
 
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