You're missing the point. Book value is what stocks are worth, and that is a fact (much less of one in commodities). Value is what something's worth now. Price is what you pay, and the robot you're using should know if the value is about to change, and I have robots and I know there are other people with robots who do do this. Here's a fact that everything that can produce value will always have a value if it can be used to produce economic profit. Your point is that the trading is what produces the value when this isn't necessarily a motivation of the commodity producers who are merely out to hedge. I'm not sure what your point about value being factually based that the law of one price maybe in your head your saying means nobody should be able to profit and if that were the case you wouldn't have people like myself who have anticipated money problems since they were 13 as the prospect of inheriting wealth means to show your knowledgeable in how to handle it and now that I know what's coming to me the market has something coming to it and that's the way I trade. Seriously, quit barking that TA is useless. People use it and have had success with it if they're analytical enough and have enough computer programming to hand it to a computer for a human to monitor, and that's where I'm at, so every time you speak that nobody does this that practically every firm uses algorithms and in your broad sweeping measure and lack of PhD econometrics research you dismiss people like myself who make way more than you and are way better traders. Be more respectful and your responses don't have to include that we know you're ignorant about this subject so quit saying we don't have to use anything but the prices printed on the charts to trade because that's all we'd have if we weren't there and price always changes first. If you put a robot in front of the terminal, paying your broker to trade for you is a dream come true for me because mostly I've always been a tactician and with that said the tactician just puts his computer right next to the cme with the algos just like a lot of other institutions trying to compete and if you're mentioning what other prop training is like I'd already dismissed it and concluded they were just looking to steal new and interesting ideas from traders who probably do have some fresh perspective. Anyway, there's about 14 people I know that do this, and can do it for everybody so at least to the OP struggling to produce profits there are no edges but that doesn't mean people don't have them. If I were to post a spreadsheet of the research I have currently, there wouldn't be any doubt at all that you'll make money from looking at it, even with 57% win percentages and 1.3's for win:loss ratios, the percentage is quite large return wise and the only objective from there is to decide what your risk should be, and this is a point that you think traders should have to make to their investors and you don't have to because it will distract the trader from trading and the investor from relaxing and letting the trader trade. Anyway, at $500 per month on a $12k account I have to make 50% just to break even, and, Ooh, you know what, that goes with the 70% profitable system with less than 10 RT's up there and according to you this isn't trading. Got 10's of pages of codes that says your wrong, and to the op, same thing. I will also embellish and mention that I've done everything you're saying nobody does or can ever do.
Hey Nitro, Traders already doing such in forex, stocks and futures via "manage accounts" since the late 1990's (at least that's when I first heard about it). Thus, I'm not sure what you meant by the this sort of thing is starting to happen at many brokerages and it is very exciting. as if its new. In fact, I remember ET's old crew popular members from early 2002 that talked a lot about such. Yet, oddly, I have not seen much discussion about such since the 2008 financial crisis...maybe there's a connection. Yet, once in awhile, you'll see someone in the Trade Journal section mention such involving trading money of friends and family via manage accounts.
Right. I'm under "friends and family" aka CTA exemption currently. Allows no paperwork, nothing basically, very simple. It was also one of top reasons I switched from European brokers to US brokers and US traded futures. EU regulations are nightmare compared.
It is not the same thing. In those types of accounts, you are entitled to fees whether you make money or not. In these accounts, a mirrored account only pays fees if you make them money. Very different. Also, the results are there for everyone to see who you want to mirror etc. It is very easy to do due diligence.
Thanks for explaining the difference. Yet, are you suggesting that "manage accounts" doesn't allow all those involved to see the trade results involving their money whereas the mirror accounts does allow such. Thus, manage accounts (those friends and family) are able to monitor the profit level of the trader that's trading the account.
Glad we moved away from the last 2 days and getting lost in the bar to bar minute addiction. Analytical, drawn to process, low-risk types love this action. Too much and the dark side calls that is analysis paralysis. It looks alluring, sounds alluring when 'explained' (takes 2 paragraphs) and the ego feels satisfied with 'knowing'. Now show me a doji on the daily on big volume bar...that's interesting...simple. 1 minute chart not so much. Shouldn't you be busy legging in buys in the Spoos anyway, instead of looking at miniscule bars..1700 in a hot minute.
Hammers and inverted hammers on a 1min chart are best faded in the direction opposite their "meaning"