Two Questions For Practicing Day Traders

ironchef · Nov 6, 2023

tiddlywinks said:
That's been MY problem around here for a while now.

People would rather argue over stupid shit like what timeframe or how many trades you make in day and turn focus to "you should have done x"... while they unsuccessfully pick a top or bottom, or poo-poo a specific tool because they don't know how to use it. And then want to argue when it's explained! I pretty much gave up on talking trading directly.... it's all about discipline and execution anyway. Discipline is a personal trait I can't teach, not through posts anyway. So that leaves me only with nuggets that fly over the heads of the many. The few already know that the grail is... wait for it... there is no grail. And it takes deliberate time and effort to cognitively progress in trading.
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I had a lot of respect for you because most of the time your post were very insightful. However, I noticed you were a defender of @VSTscalper but when I asked you if you have checked or reviewed his claims you said no.

What are the reasons you think he is the real deal?

VSTscalper · Nov 6, 2023

ironchef said:
@VSTscalper,

It was a trick statement I made. With this statement you have just given yourself away as a classic scammer. Because when your ACV system doesn't work after I pay you for the privilege to use it, you cannot say that it is backtest results. Sim, almost always tracks live results.

Since this is my thread, I feel an obligation to look into your claims more carefully. It appears, this is your modus operandi: Guys, why don't you come to my Zoom session for free and observed my wonderful very profitable system. All for free, no obligations. Oh and by the way I have a morning session with paying clients where they trade my system with my guidance. The implication is if you are impressed, you can become a client and make some money.

So I search ET posts and read some of your prior posts, starting from 2006 through today. You use a system showing real time ACV. Neither Google nor chatGPT know what ACV is. From your posts, I gathered, it works as a technical indicator related to DOM and order mismatch. You use it for entering & exiting a trade and have been touting it for 17 years. I also know DOM and order mismatch doesn't work very well as an indicator.

To show you how outlandish your claims are:

View attachment 326872

View attachment 326875

Your Sim system has a monthly return of 1712%. So my $1000 invested today will compound into $25,058,348,486.68 in 24 months!

With such outsize return, how come you have so many unhappy clients? And with such returns, why do you still have clients after 16 years. If I were you I would be living in a castle somewhere in Europe or in my own Caribbean island. To hell with clients.

Jim Simons, the best all time trader, only managed a 60% annual return. I wish he comes to ET and invite me to a free Zoom session.

Almost all real time Sim will closely track actual live results, of course with some degradations due to slippages. The slippages for ES, etc. are usually 1 tick coming and going. You said you used 5-25 ticks range. Your system's live result should be at worst half that of your Sim results.

Even if it is 1/10 as good, with $1000 turns into $2,505,834,848,67 within two years you are a billionaire.

This whole thing doesn't pass my smell test.

I hope I am wrong and welcome your rebuttal because you seemed like such a nice guy.
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Call me names - think what you want about me - it really doesn't matter to me. By the way - the ACV is from VERY Long ago - totally different than how I trade now - and that was NOT an Algo. And you have absolutely NO CLUE - about how the ACV worked.

Kick me out of your tread if you want - it really doesn't matter to me.

I wish you all the best with your trading. And even though you believe I am a Scammer - if you need some FREE HELP - I will still be happy to help you - and there will be NO SALES PITCH.

ironchef · Nov 6, 2023

VSTscalper said:
Call me names - think what you want about me - it really doesn't matter to me. By the way - the ACV is from VERY Long ago - totally different than how I trade now - and that was NOT an Algo. And you have absolutely NO CLUE - about how the ACV worked.

Kick me out of your tread if you want - it really doesn't matter to me.

I wish you all the best with your trading. And even though you believe I am a Scammer - if you need some FREE HELP - I will still be happy to help you.
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Sir, I truely wish you are not a scammer. You gave newbie day traders hope.

Can you explain why some folks could not make money using such a wonderful system? It seemed so fool proof: Green arrow buy red arrow sell, nothing to it.

toucan · Nov 6, 2023

VSTscalper said:
In MultiCharts - it is in Strategy Properties.
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Yeah I thought it was a strategy rather than an algo

ironchef · Nov 6, 2023

VSTscalper said:
Call me names - think what you want about me - it really doesn't matter to me. By the way - the ACV is from VERY Long ago - totally different than how I trade now - and that was NOT an Algo. And you have absolutely NO CLUE - about how the ACV worked.

Kick me out of your tread if you want - it really doesn't matter to me.

I wish you all the best with your trading. And even though you believe I am a Scammer - if you need some FREE HELP - I will still be happy to help you - and there will be NO SALES PITCH.
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I would be a very happy ETer if I am wrong.

rb7 · Nov 6, 2023

ironchef said:
@VSTscalper,

It was a trick statement I made. With this statement you have just given yourself away as a classic scammer. Because when your ACV system doesn't work after I pay you for the privilege to use it, you cannot say that it is backtest results. Sim, almost always tracks live results.

Since this is my thread, I feel an obligation to look into your claims more carefully. It appears, this is your modus operandi: Guys, why don't you come to my Zoom session for free and observed my wonderful very profitable system. All for free, no obligations. Oh and by the way I have a morning session with paying clients where they trade my system with my guidance. The implication is if you are impressed, you can become a client and make some money.

So I search ET posts and read some of your prior posts, starting from 2006 through today. You use a system showing real time ACV. Neither Google nor chatGPT know what ACV is. From your posts, I gathered, it works as a technical indicator related to DOM and order mismatch. You use it for entering & exiting a trade and have been touting it for 17 years. I also know DOM and order mismatch doesn't work very well as an indicator.

To show you how outlandish your claims are:

View attachment 326872

View attachment 326875

Your Sim system has a monthly return of 1712%. So my $1000 invested today will compound into $25,058,348,486.68 in 24 months!

With such outsize return, how come you have so many unhappy clients? And with such returns, why do you still have clients after 16 years. If I were you I would be living in a castle somewhere in Europe or in my own Caribbean island. To hell with clients.

Jim Simons, the best all time trader, only managed a 60% annual return. I wish he comes to ET and invite me to a free Zoom session.

Almost all real time Sim will closely track actual live results, of course with some degradations due to slippages. The slippages for ES, etc. are usually 1 tick coming and going. You said you used 5-25 ticks range. Your system's live result should be at worst half that of your Sim results.

Even if it is 1/10 as good, with $1000 turns into $2,505,834,848,67 within two years you are a billionaire.

This whole thing doesn't pass my smell test.

I hope I am wrong and welcome your rebuttal because you seemed like such a nice guy.
More...

Why don't you accept his invitation to join in a Zoom meeting and see if he really has something to sell and come back here to tell us what he's all about?

I'm not saying you are wrong or right, if he's a scammer or not (although I have my guts feeling!!).

VSTscalper · Nov 6, 2023

ironchef said:
Sir, I truely wish you are not a scammer. You gave newbie day traders hope.

Can you explain why some folks could not make money using such a wonderful system? It seemed so fool proof: Green arrow buy red arrow sell, nothing to it.
More...

Even though you believe I am a Scammer - you are more than welcome to come into a Zoom Room - and we can talk. I will be very nice to you - and seriously - if you need help - maybe I can help you - at NO COST to you. We can also look at the Algos - if you want - I will explain some - how they work. I previously mentioned in this thread - and showed a Chart - that any trader should be able to trade - and there would be absolutely NOTHING TO BUY from me.

In the past - I did have Retail Clients - they would always agree - to FOLLOW THE TRADING METHOD. The reason I stopped working with Retail traders - is because sometimes - they would NOT follow the trading method - they would try to change things - and of course - and screw up - and they sure as hell are NOT going to blame themselves - so it must be the Trading Method that is at fault - and I end up being the bad guy - crook - etc.

When I did my last Traders Expo - years ago - in San Diego - I traded LIVE - REAL MONEY - in my Booth. And after that - I had a Paid Seminar - at the Hotel I was staying at - and the OWNER of NinjaTrader was there - in my Booth parttime and also at the Seminar. I also previously mentioned that Eliott - from the old Mirus Futures was there also. So - CONTACT - Ray - at NinjaTrader - tell him I am a Scammer - see what he says.

I seriously don't blame you for how you might feel about me - because there are a lot of Scammers out there. I can't help what some traders might say about me - but I am very certain - it is traders who didn't FOLLOW THE TRADING METHOD - that I taught them.

So - think what you want to think - kick me out of your thread if you want - I am okay with that - I won't bother you again.

ironchef · Nov 6, 2023

rb7 said:
Why don't you accept his invitation to join in a Zoom meeting and see if he really has something to sell and come back here to tell us what he's all about?

I'm not saying you are wrong or right, if he's a scammer or not (although I have my guts feeling!!).
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I am weak, a sucker who loves to try anything new. I probably cannot resist the temptation of easy money.

Why don't you try it? It is free and with great returns?

rb7 · Nov 6, 2023

ironchef said:
I am weak, a sucker who loves to try anything new. I probably cannot resist the temptation of easy money.

Why don't you try it? It is free and with great returns?
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I'm not the one claiming he is a scammer.
And TBH, I'm not interesting in such a wonderful strategy. I'll stick with mine.

VSTscalper · Nov 6, 2023

ironchef said:
I am weak, a sucker who loves to try anything new. I probably cannot resist the temptation of easy money.

Why don't you try it? It is free and with great returns?
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ironchef,

Again - I don't need or want your money. If you are having a problem with your trading - I will be more than happy to help. You - nor does any other trader - need my Algos. After all these years - even with my Algos - I still trade Manually - and I have a Net Daily Goal - that I have to reach within 2 hours of the Open - regardless - whether I reach that goal or not - I am done trading for the day.

The results from the pictures I showed - are totally Algo results - but that doesn't mean I trade them. I am always Coding - trying to improve the Algos. If you saw how many Algos I have developed over the years - mainly for TESTING ideas - you would probably think I am NUTS - or maybe you already think that way.

Think what you want about me - and what others might say - but there are two sides to any story.

VSTscalper