Credibility

A place to discuss anything.
Post Reply
User avatar
ShaunWhite
Posts: 9731
Joined: Sat Sep 03, 2016 3:42 am

i think i echoed you there Emmson, didn't see your post.
User avatar
Kai
Posts: 6092
Joined: Tue Jan 20, 2015 12:21 pm

ShaunWhite wrote:
Mon Apr 12, 2021 7:57 pm
I'm not so sure about all this really, being regarded as not worthy of listening to might put new people off posting. And there's nothing like a fresh set of eyes or a daft question to give you a lightbulb moment, afterall the pros just churn out the same old advice and sometimes it pays to revisit baked-in assumptions.
No arguments there Shawn, can't really argue against common sense and logic. Traders have little incentive to dispense advice as it is, nearly everything has already been said a hundred times over. If there's any way to provide a bit of incentive then I'm all up for that.

Don't particularly want to get into this rabbit hole, but in short I feel a platform like this should cater to newbies the most, to sustain the forum long term and to sustain the markets as well etc. Although I'm sure any compromise can be reached, with a bit of effort.

Speaking of rabbit holes, as good as credibility sounds on paper it also opens the door for abuse and foul play, new users would want to use this platform to openly flaunt their stuff.

I don't think credibility and transparency is fully compatible with this grey industry at all, the stigma that surrounds it is too strong.
User avatar
Tuco
Posts: 727
Joined: Wed Apr 15, 2009 1:43 pm

Danny Asda wrote:
Mon Apr 12, 2021 4:20 pm
@shaun I made a oner on Friday. Can I have a certificate?
...that depends - how much did you lose on Saturday and Sunday? lol
User avatar
Tuco
Posts: 727
Joined: Wed Apr 15, 2009 1:43 pm

ShaunWhite wrote:
Mon Apr 12, 2021 6:21 pm
Bulgarian ping pong
...is that similar to Thai ping pong? If so, I've been missing out lol :lol:
User avatar
alexmr2
Posts: 766
Joined: Wed Sep 26, 2018 12:32 am

Who wants to buy my course?

P&L screenshots don't lie
pandl.png
You do not have the required permissions to view the files attached to this post.
User avatar
Realrocknrolla
Posts: 1903
Joined: Fri Jun 05, 2020 7:15 pm

alexmr2 wrote:
Mon Apr 12, 2021 11:02 pm
Who wants to buy my course?

P&L screenshots don't lie

pandl.png
🤣🤣🤣🤣🤣🤣🤣🤣🤣
🙄🙄🙄🙄🙄🙄🙄🙄🙄
🤥🤥🤥🤥🤥🤥🤥🤥🤥
User avatar
Tuco
Posts: 727
Joined: Wed Apr 15, 2009 1:43 pm

ShaunWhite wrote:
Mon Apr 12, 2021 6:21 pm
I envy you manual guys who can just play what you see rather than having to throwing your whole idea in the bin and starting again.
I was involved in a family business until 2008 when the exchange rate between the Euro and Pound suddenly went from 1.4 to 1 to near enough 1 to 1 and that meant the business was no longer viable, so I began 'bet running' (at shops) for my brother-in-law who got in from the start of BF and specialised in certain markets.

I'd take and pay for a fixed %age of all the bets I placed for him and get commission on his share of every winning betting slip - I was busy doing this (and betting/trading myself) for 5 years from 2008 through 2012 at the end of which he set up a business venture of his own. I've never had a non-profitable year (always won 5 or 6 figures though not yet 7) and was lucky to have an expert to initially guide and learn from. He started betting again from 2015 and I still place bets for him on certain events when the shops are open. I continued betting/trading throughout.

I've always been a manual trader and I think the problem with automation is that you're not around to see what happens and learn the lessons which you are when trading manually, but profit is profit so who cares about learning lessons when you win with automation!

Most of my trading is now in-play and there's little I won't touch, though time is often a factor as to what I can get involved with - if I had 100 hours per day I'd still need a few more hours!

A trait of mine is that no win is ever enough be it 3, 4 or 5 figures, so I always strive to work harder, do better and win more.

Good luck to everyone who partakes in this lifestyle as it's not for everyone! :)
Last edited by Tuco on Tue Apr 13, 2021 1:10 am, edited 1 time in total.
User avatar
alexmr2
Posts: 766
Joined: Wed Sep 26, 2018 12:32 am

Another way to give some credibility would be to provide the results of people that they taught to trade with a case study and picture of them with the money they have made withdrawn from the bank and laid out on a table as proof.

For example, this trading student successfully executed the lay-the-draw-and-set-a-3-tick-offset-and-then-green-up-system and here's his results after week 5
Screenshot_20210413-010420_WhatsApp.jpg
You do not have the required permissions to view the files attached to this post.
User avatar
ShaunWhite
Posts: 9731
Joined: Sat Sep 03, 2016 3:42 am

Tuco wrote:
Mon Apr 12, 2021 11:24 pm
I think the problem with automation is that you're not around to see what happens and learn the lessons
Interesting backstory Tuco.

Watching my automation is about the worst thing I can do, it just leads to being swayed by all the psychological issues like recentism and imagining patterns, and you fail to see that at 4am it was making some great choices a tweak would undo.

I don't actually have any visual feedback at all when it runs live, I do my bot training in the simulator and with multiple strategies on the same markets, doing hundreds of selections a day, it wouldn't even be possible to learn anything by watching it. Although I do watch the bets on BA sometimes to see what it's doing because it's mesmerising....and I usually see something horrible at some point but you have to take the rough with the smooth.

I'm not a fan of the methodology whereby you refine by reducing losers anyway, I find it's easier to add an extra penny to everything than it is to stop the 10p loss on every 10th trade because that often costs you ½p on all the good ones as well. Zero filters and zero special cases helps strategy longevity too imo because there's fewer market changes that could affect you, and when they're so hard to find you want them to be keepers.
User avatar
ShaunWhite
Posts: 9731
Joined: Sat Sep 03, 2016 3:42 am

alexmr2 wrote:
Tue Apr 13, 2021 1:10 am
Another way to give some credibility would be to provide the results of people that they taught to trade with a case study and picture of them with the money they have made withdrawn from the bank and laid out on a table as proof.
Is this enough?
All I need now is for Yugoslavia to reform and Greece to go back to the Drachma. Holidays were so much better when it was funny money instead of all being Euros, not having a clue what things were costing made you relax more somehow.
cash.jpg
You do not have the required permissions to view the files attached to this post.
User avatar
ShaunWhite
Posts: 9731
Joined: Sat Sep 03, 2016 3:42 am

Tuco wrote:
Mon Apr 12, 2021 11:00 pm
ShaunWhite wrote:
Mon Apr 12, 2021 6:21 pm
Bulgarian ping pong
...is that similar to Thai ping pong? If so, I've been missing out lol :lol:
The funniest thing about those shows is that they're in a district called Patpong. So you go and see the Patpong Ping Pong in a tuktuk. :)

We had part of our honeymoon near there and the 'performer' wrote my wife's name on a napkin......didn't hold the pen in her hand :shock: And then round off the show with little paper aeroplanes shot out of a hidden tube, you don't get that on Britain's Got Talent.
User avatar
Kai
Posts: 6092
Joined: Tue Jan 20, 2015 12:21 pm

This thread is going off in all the wrong directions :D Unless I completely misunderstood its purpose 🤷‍♂️
User avatar
Kai
Posts: 6092
Joined: Tue Jan 20, 2015 12:21 pm

Tuco wrote:
Mon Apr 12, 2021 11:24 pm
I was involved in a family business until 2008 when the exchange rate between the Euro and Pound suddenly went from 1.4 to 1 to near enough 1 to 1 and that meant the business was no longer viable, so I began 'bet running' (at shops) for my brother-in-law who got in from the start of BF and specialised in certain markets.

I'd take and pay for a fixed %age of all the bets I placed for him and get commission on his share of every winning betting slip - I was busy doing this (and betting/trading myself) for 5 years from 2008 through 2012 at the end of which he set up a business venture of his own. I've never had a non-profitable year (always won 5 or 6 figures though not yet 7) and was lucky to have an expert to initially guide and learn from. He started betting again from 2015 and I still place bets for him on certain events when the shops are open. I continued betting/trading throughout.

I've always been a manual trader and I think the problem with automation is that you're not around to see what happens and learn the lessons which you are when trading manually, but profit is profit so who cares about learning lessons when you win with automation!

Most of my trading is now in-play and there's little I won't touch, though time is often a factor as to what I can get involved with - if I had 100 hours per day I'd still need a few more hours!

A trait of mine is that no win is ever enough be it 3, 4 or 5 figures, so I always strive to work harder, do better and win more.

Good luck to everyone who partakes in this lifestyle as it's not for everyone! :)
But good to hear something genuine like that, thanks for sharing Tuco.

The fact you can build your own lifestyle is the main draw for me, how unique is that??

I value freedom more at this stage and find it difficult not to enjoy it, but I suspect that may change when I get into my 40s :) I hope not!
User avatar
Derek27
Posts: 23475
Joined: Wed Aug 30, 2017 11:44 am
Location: UK

Kai wrote:
Tue Apr 13, 2021 4:26 am
This thread is going off in all the wrong directions :D Unless I completely misunderstood its purpose 🤷‍♂️
Perhaps a button to vote a poster is taking the thread off-topic. :D
User avatar
Kai
Posts: 6092
Joined: Tue Jan 20, 2015 12:21 pm

Derek27 wrote:
Tue Apr 13, 2021 5:04 am
Kai wrote:
Tue Apr 13, 2021 4:26 am
This thread is going off in all the wrong directions :D Unless I completely misunderstood its purpose 🤷‍♂️
Perhaps a button to vote a poster is taking the thread off-topic. :D
You see Derek, this is why we can't have anything nice. Off-topic is the new on-topic.

And don't even get me started on buttons, people love pushing the wrong ones and then act surprised when it leads to bickering!
Post Reply

Return to “General discussion”