Got another account from him, the forum communication was slow this time around, but he responded quickly via email. The accounts so far i have gotten from him are pretty good.

I assume you are either referring to Quants or HFT (High-Frequency Trades) bots... HFTs are computer programs designed to fill in large amounts of orders, they aren't "trade" bots, and they aren't used to make money in that sense, Quants on the other hand are mathematical models like VWAPs based on Deviations. Again the job of the Quants isn't to hit those buy and sell buttons. Quant is a fancy term for "math", for creating statistical models. Once a model has shown profitability it's coded out just like any other bot. There is just too much misinformation about this industry... The 3rd types of bots that come to mind are a sub-category of HFTs and are used to fill large orders but for the firms and obfuscate large positions again nothing to do with the decision-making, the parameters are set by humans.

Also, I don't think the OP has anything great up his sleeve. It's a sales pitch nothing more, and a pretty lousy one. No one masters this market in 3 years especially if one has 0 knowledge about the market. What OP is pitching is equivalent to saying, I'm a great programmer but I haven't studied biology or gone to med school but I can program a robot to perform a complex heart surgery cuz I have "filled roles from programmer to CTO most of my life". As if any of those two have any relationship.

IMO you shouldn't be amazed at all, most of the retail bots are pure garbage. They are just a bunch of ifs and else statements that utilize the same ol' useless Indicators and shipped as AI. The issue is these "bots" are merely "tuned" to the "most profitable" settings they have found through brute forcing through historical data. If MACD does this and RSI does this and the 50 MA crosses this and the next candle is bullish trigger buys. The issue is everyone looks at the market through a certain lens which is through indicators if you are a neophyte and through volume profiles/Delta and VWAPs on the "Professional" side of things. The biggest issue is that both of these lenses are broken in themselves.

So no matter how good of a programmer you are, you are going to have to write or train your model with what this lens tells you. The only real advantage a bot will have over a human, in this case, would be of ability to run round the clock, it will be able to execute more trades than a human but won't change the outcome in the long run, if the lens is busted. What this industry needs is a new lens / a new perspective which will be able to counter what everyone else is doing. Wyckoff referred to it as the composite man/Operator. If you ask me personally I believe it is the case, the Composite man is the FED (Central Banks). People are made to believe that they can push the price around of their respective currencies by buying and selling while the commodity they are trading isn't owned by them. The currencies are the commodities of the Central Banks, they can set the price to whatever level they want. Just like Apple sets the price of iPhones, the Central bank can set the price of their product to whatever level they like. IMO whoever can track their footprints can beat the market.

The OP has been very easy to work with, I have got multiple accounts from them so far, the communications are always fast and the accounts are usually "premium" as they are claimed to be. Got another account today.

I have got 3 vouch accounts so far from them, all are great, when an account stopped working it was replaced within 24 hours. Even got me another service's account when there was a slight issue with the service of one. Would recommend.

Well if you think about it, it should be the total opposite actually. Given we believe the markets work on the basis of supply and demand, If "strategy A" gives out a buy signal and 1000 people follow it and start buying, it should create buy pressure in the market no? 1 person vs 1000 should actually increase the odds of that strategy actually working out, why do people think it's otherwise and a good "strategy" should be kept a secret? If you think logically about it, it should be the total opposite. Just like a pump and dump group, There is a logical answer behind why these strategies don't work out when the public starts following them, I will hold the answer for now and wait for other people to see if they can come up with an answer.

I agree its all semantics and who you want to believe at the end of the day. For me idc if you are working in a prop firm or from a remote island. What matters to me is what you can pull out from the market on the daily basis. If you can pull out more than 3Rs a day every single day. You are a professional trader in my books but if you are sitting in a prop firm and barely making 1.5Rs - 3Rs, you still aren't there yet. Also never trust the boys working for the banks, they are there to manipulate you out of the game. Keep an eye for my post, i think you will like it As always Good luck and Good trading.

Well a lot of context was lost in google translations. I thought you were placing 5% on each trade. 1.25% is more like it.


Being a "Professional Trader" is more a trait than an occupation. The "Professional Trader" is disciplined, follows strict set of rules. Never over leverages, doesn't relies on retail patterns and is basically the total opposite of the retail trader. This is literally the only difference between the "professional" and the retail trader.


Who told you this? Yes most of them join a trading firm to get hands on extra capital because the larger your account is, the less you can leverage. Ever tried to open a 500K or a mil Pro account on a retail broker? The leverage is nothing like what a Prop firm can offer. These firms provide them with extra liquidity but they are risking what they have. Besides there are literally thousands of "Professional traders" who never set foot in a trading firm cuz they aren't greedy and are satisfied with what they have.


Exactly! as I said above these are the traits and not a position at a fancy firm. What statistics will show you that people who were disciplined about their trading were more successful compared to strategy hoping retail traders.


Well I will let you be the judge of it, Cuz you literally wrote the whole thread about how your friend who was just hodling made similar returns to you.


Doesn't sound smart at all to me, Sounds like retail logic. As I said in my last post, There is nothing random which is happening on the charts which will require "Predisposition". It's all logic and those are able to figure it out, Everything connects for them I'm planning to make a thread of my own on this cuz I have not seen anyone here in the trading discussion board talk about "smart money". Or able to demonstrate they understand how real smart money operates.

Anyways, As I said earlier, I'm not targeting you personally for falling into the retail trap. Retail education is filled with misinformation. I have nothing but good wishes for you. I'm glad you have figured out a strategy which works for you. Not many people are able to survive 4 years in the market. There is a reason why 95% of people lose money in this market and nobody takes the opportunity to investigate it. I wish you nothing but Good luck and Good trading.

See this is the very issue at hand. You are treating the market as some sort of a coin toss. You don't have a sound strategy which makes you think you are betting i.e gambling in the market. No "Professional/Pro" trader treats their trades as gambles. This is the very issue with the retail investing. They don't understand the market and are there only to grab some quick cash from it. There is nothing to "bet" if you truly understand what is really going on.

What any good trader will tell you is that you should never invest more than 3% on any single trade you take. The standard is 1%, 2%-3% if you are aggressive. 5% i.e 1/20 of the deposit just screams inexperience. You said you never used any stop losses which again is a very novice way to go about trading. Even worse when using margin. You have bad trading habits, I'm surprised you didn't end up blowing your account.


Neither did I, but they do teach you the very basics of investing atleast. Like e.g Not risking 5% on every trade. How to use stoplosses effectively. How to prevent 25-30% drawdowns on your account in 1 trade. Basically all the mistakes you are admitting to, you won't have made if you would have taken the free babypips course or anyother matter of fact. Your results could have been much better if you had a trading plan.


I don't quite agree there. If you don't understand how to use the tools in your inventory then you are bound to hurt yourself and unfortunately the market doesn't gives you many chances to recover. It's usually a fatal blow. It's like giving a surgeon license to someone who hasn't studied med their whole life and expect them to get better on their own without any help from actual surgeons.


Again a very retail perception of what "professional trader" means. What I meant by professional traders was people who make a living just for trading themselves. Hedge managers aren't professional traders. I can assure you no hedge fund trades daily. Their positions aren't built on chart patterns. They are in for the fundamentals and not technical analysis.


And what was your winrate on this "pattern strategy", What kind of Rs you were expecting on each setup? What made you go in without a stoploss? Would you like to expand on these?

Please don't take anything I say personally but I'm afraid you don't understand the very definition of scalping. A scalp can last from a few minutes to a day. A "day trade" can last from a couple of hours to a few days. This is what any professional trader will tell you. Your money management wasn't sound. You said you were down 25-30 % on corrections which again shows that you didn't understand what scalping is. In scalping you hunt for small setups, Anywhere from 1.5R to 3R with tight stop losses. You never risk more than 0.5% of your account on any scalp cuz that's the very nature of a scalp.

Did you ever go through any formal course in trading before jumping in? like babypips etc? Cuz any good trading course will teach about risk management and how you cut your losses straight away. You don't hold and hope for a recovery. The Professionals don't trade in that manner. The word "Hope" isn't in a professional trader's dictionary let me assure you that.


And how was your experience in the stock market? What kind of returns were you able to achieve while trading stocks? Cuz from what you have described you aren't a professional trader or were at any point. This is a very novice/retail way of going about trading. If trading was all about Chart patterns and indicator signals then everyone would have become a millionaire by now. Just cuz you can name a head and shoulder pattern or read a divergence on a chart doesn't makes you a trader in any way or form. Speaking/knowing trading lingo isn't either. What makes you a trader is your ability to grow your account at a steady rate without huge drawdowns.

You mentioned how much time you spent on the charts but You never talked about your trade plan. What kind of strategies were in your trade plan? what kind of setups were you aiming for? Spending time in front of a chart without any trade plan is useless. You will not learn anything from it. It's like searching the ocean without knowing what you are looking for.

I do however agree with you on the amount of time which can be wasted if you go in without a plan. You can literally spend thousands of hours on the charts and you won't be able to come up with a single working strategy if you don't understand how this market really works. Unfortunately the reason behind it is not the retail traders but what the retail education has to offer. Retail education will only take you as far as Eliot waves, Wykoff's schematics and other harmonic patterns which leave you scratching your head when they won't work out even tho even a 5 year old will be able to spot them. The reason behind them not working out is not the ideas themselves but rather the "smart money" which knows how to take advantage of the dumb money who will be placing their life savings on the line over a "strategy" which they got off from YouTube.

I don't want to demotivate anyone from trading but please do yourself a favor and plan your trading journey out. Think outside of the box, come up with your own strategy. Backtest your strategy for atleast 6 months and then forwardtest it for 6 months. Don't even think about investing real money till you can prove to yourself that your trading plan works and you can grow your account over a period of 6 months atleast. I'm sorry you had a negative experience in the market but the market has done nothing but wonders for me and I can't be more thankful for what I was blessed with. I wish you Good luck and Good Trading

Nothing beats NY volume tho. But will be interesting nonetheless...

Dead hours, the Real show will begin tomorrow at NY open.

Too moon boiis!!! 22k incoming! hodling hard!
 

Got a vouch account from him, will update how long it lasts.

1) Open a Crypto Casino.
2) Make unreasonable TOS, (nobody reads them anyway)
3) Pump money into a signature campaign
4) Give all payouts in the first year.
5) Borrow from banks if you go bust.
6) Once you have made a name for yourself, Use those TOS to Profit for life. Why settle for the house edge? When you can fuck with the players and scam them with TOS which they have happily agreed to? At this point anyone who will try to accuse you, nobody will believe them. Since you have already paid out in millions, Scamming a few thousand dollars which will cover your cost of hosting for a year would be "peanuts" for your loyal signature army who will standby to defend you. I mean why pay from your profits when you can fuck someone over?
7) Send some those shiny BTCs my way: bc1qzl3rnls6zfzsqnm7wwrg0y0ruuz6ge9cc6r3pv

_{This was sarcasm incase someone doesn't gets it.}

---

At this point it is beyond obvious, I gave the Sportsbet.io thread a read @tyKiwanuka. It's just a mess. If they aren't willing to share how they identify multi-accounts that means their method isn't fool proof and can raise false positives. I just don't like the whole "Trust me" thing. People need to be aware of this stuff before they on goto gamble on these "trusted" books/casions. In the world of cryptos if you can't verify something then it's not something to be trusted, i just don't get why people dont get this...

That makes it even worse... Why do we have bookmarks then?

This ^. Many of my Graphic Design threads were also tarnished in the past, there is no point in creating a service thread without it being self-moderated, I learned the lesson the hard way. You might get fake reviews from your competition. Most of them go like this!

SCAM STAY AWAY!

Move your current thread to archival and make a new self-moderated one... Good Luck!

Jeez! People are that paranoid these days, That we have 3rd party trackers for tracking viruses, huh! They won't trust official sources but are willing to trust random third party software which might come with all sorts of tracking and other malware. LOL!

Let's not talk about morals here... Scams aren't moderated here either... We have a section for Investor based games for crying out loud! Let's not get on high-horse of morality, when we haven't done anything about it either...

No problemo looks great! Good luck


I use adobe after effects for animations and adobe media encoder to export the animations as gifs...