this thread has turned into "system sellers" vs "traders" the system sellers will always win since they have far more to gain here.. will ET end up with practically no veteran "real" traders? we all know the answer to that.
I hear there's some kind of cock sword blotter posting goings on. First time blotter post, so pretty nervous... Just a typical day's P&L
Just an illustration of the plan, the rules, and the outcome. It should not be difficult for anyone. Traders have been doing it for over a hundred years.
I used to believe in some of these guys really having something... nodoji and cornix were both very convincing. But I think of that indextrader guy from Bigmike's. He started an OPM operation in which he would daytrade futures on clients behalf. The story goes that he lost money the first two months and his business partner freaked out and left the business, and not before sending a letter to all clients saying "this guy doesn't know what he's doing, get your money out." So all the clients left and the operation folded. So being out of cash his only recourse was TopStep Trader. He started doing combines and after several attempts was not able to pass, or even be profitable. The moral is that the guy was never profitable to begin with. The red flag was that he never provided a track record for anyone. He just wanted people to "trust" him and send in their money. All he had were some youtube trade videos in which he appeared to be profitable. But once he had to make consistent real life trades, the profitability vanished into thin air immediately. Now I don't think he was a scammer or had any bad intentions, surely he wanted to do right by his clients. I think he just got caught up in the hype of playing "fake it til you make it" and ended up putting the cart before the horse. Now Cornix's story seems very similar........ He claimed to trade for a living, said somewhere he made 100-200 pips a month, and as I recall began talking about how he had started an OPM project last year. Now a year later and also after a couple of unprofitable livecall journals........... he is quitting daytrading. It seems strange that someone who appeared to be so consistent suddenly couldn't make money as soon as some accountability entered the picture. And like indextrader, there was never any track record for his clients to see. There were occasional charts with entries/exits marked, and a third party site which showed a few weeks worth of trading, and all of which seemed to indicate he was quite profitable, but never an uninterrupted run of data. It just seems odd that like night and day, as soon as the light of day is shown on things and actual real trades had to be made........ like indextrader the profitability is gone. Look I am not trying to pick on him, but I wonder if he also got caught up in the hype much like indextrader. And I think of maverick posting of all the guys who came to his firm, with internet aliases claiming consistent success, yet in real life blew out in months. I start to see why these other folks won't back up their claims........ they don't want to end up like all these guys......