foroom lluzers
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IF you can pretend not to know what you know , the spreadbetting companies will give you a bung.
Spreadbetting Companies Want YOU to Lose? Any Thoughts - You Tube Video Link
IF you can pretend not to know what you know , the spreadbetting companies will give you a bung.
tokyojoe
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I know another trader who does options, with so so results.
I haven't been on the forums for ages, too susceptible to brainwashing you see.
EnlightenedJoe
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That's not possible. Even with my best efforts, I can not help my brother escape the box they placed him in. I hold no optimism for anyone else.
EnlightenedJoe
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Yes, be careful. Stooge like foroom will attempt to get you every chance he gets.
foroom lluzers
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They pay 6 figures to shut you up.
EnlightenedJoe
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Only 6, isn't that a bit cheap ? Tell your masters I'll go quietly for 7.
foroom lluzers
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your friend is not a skilled trader /option trader , lacks the knowledge of a pro like me , I know I can outwit the market and bucket shops , every week .That is , if I don't get influenced by chimps on internet sites.
itspossible
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Theres some right old misinformation in this thread.
AFAIK and in my experience.
There is you / your broker / their liquidity provider. You as the client are trading their price.
The broker has the option to take the other side of your bet or pass it to the LP, earning a % of spread. They divide you into two groups, 'A book' and 'B book'.
'A book' are the legit winners or folks who trade so big they could hurt the broker.
'B book' are the losers.
The broker will make the B traders comfortable while they lose, lessen slippage / listen to the whining / amend tardes etc etc. The A traders get more realistic slippage, reprimanded for taking any advantage of pricing etc.
Put yourself in the role of the broker:-
Marty Schwartz has just been on the phone looking to open up an account with you, you know hes a big dog consistent legit winner.
You dont wanna take the other side of him cos hes the nuts.
You dont wanna give his flow to your LP cos hes big enough to pizz them off.
So what you gonna do with Marty? :whistling
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For anyone whos interesed, Other side of the screen is worth a read. Its one of the better threads on T2W about how they see you, aligns with my experiences also :cheesy:.
The bottom line is they dont need to cheat you. They wont tolerate for long winners who are only winners for taking the pizz with their pricing (B book pricing / latency etc).
Most folks who whine about SBs and Brokers are doing so because its the easy option, and its a distraction from the real problem, which is theyre kinda cr@p at trading
Very informative link. Even though it is by a well intentioned, but misinformed stooge, who believes he is a whistle blower!
Wonder why it should not be a sticky thread, so that everyone knows this is a casino more or less.
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Lee Shepherd
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Just as Darktone has linked - for anyone else reading, save your time wasted on arguments with people that simply do not know or even reside in the UK for that matter. See thread below for a true insight.
http://www.trade2win.com/boards/spread-betting-cfds/182926-other-side-screen.html
Now I doubt they will now try and drag me in to a pointless discussion. For me, this thread is closed. (but I may take a sneaky peek). lol
http://www.trade2win.com/boards/spread-betting-cfds/182926-other-side-screen.html
Now I doubt they will now try and drag me in to a pointless discussion. For me, this thread is closed. (but I may take a sneaky peek). lol
darktone
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Have you considered the possibility that some of them may have traded futures but prefer the OTC for their style of trading?
At least you don't suggest my SB firm is paying me money to defend the SB sector.
In fact, SB has obvious limitations. Its widely accepted that its virtually impossible to make money from scalping and very short-term intra-day trading through SB - I don't trade intra-day.
But for any new traders out there trying to break through into profitability through day-trading via a SB company - my advice is forget it, just give your capital to a registered charity.
foroom lluzers
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I use I G Index , In the old days they used to run for stops , middle of the night , they still do ,if a trader is dumb enough to keep stops within the prey territory.In fact my bots are watching I G'S own books for fictitious price moves , I take positions and add near their stop hunting area , I never use stops , I use options.
I know how to make money , from spread betting companies from day trading .
Here below the first two options may generate +37 today from day trading.
Attachments
Dont you think that rather sweeping statement is an insult to the 10% short term traders, who would win their trades, if they were allowed to do so, by their brokers?
Besides shifting the reason for their failure, from brokers to their innocent victims?
No. As you should know, my posts concern spread-betting with spread-betting firms registered in the UK by the FCA.
The SB companies set up a means of access to their products which are a reflection of the underlying market. Naturally, this access is structured to give the firm an advantage. The main casualties will be recently recruited short-term traders. The UK-registered SB firms don't need to play tricks to make their short-term trade clients lose, these clients will almost all lose anyway. Plus, this is illegal in the UK.
If you have evidence otherwise, it would be vital that you post it here, this would help everybody.
EnlightenedJoe
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Can you not take his word for it ? For instance, there is no evidence your curve fitting works but you expect people to take your word for it. Why is evidence only needed some of the time ?
FCA considers SB as 'betting'. The laws surrounding it consider trading SBs as 'gambling' too. Not much comfort for the talented 10% who could make money, given a fair chance.
As a senior writer, you should have known that market makers make up their own prices as they go along, suspending trading when it does nt suit them, or various other techniques mentioned in several posts, to track and destroy any trader who does turn out to be successful.
foroom lluzers
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spread betting companies take the other side of your trade , trader goes long at 12099/12100 , 12100 , I G will move bid offer to 12988 /12099.In practice , scalping and day trading with buckets is not profitable , it would be in the futures market , but even IB has it's tricks.In a back test you will see profits , in real markets you won't.
A fair point.
Firstly, because he seems more concerned to prove his case on SB firms' practices than I am to prove my case on my trading style. We both know we can submit evidence, in my case I don't care to but in his case he might. And you never know, I might be proved wrong.
Secondly, what he's alleging is a serious offence under FCA registration conditions. I have a vested interest in seeing that UK SB firms are tightly regulated since I have money deposited with one of them. No doubt other site users have SB accounts also and it would be a fine service to all if any misbehaviour could be exposed and proper action taken.
Thirdly, partly going on from the reason above, its obviously a more important matter, beyond idle curiosity, for site users to be able to trust the companies they deal with, than believe whether some simple trend-following like I use can work for me or them.
