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  • #61
  • Jan 8, 2008 1:43pm Jan 8, 2008 1:43pm
Quoting fsiltd
Yep, diversification, residual income, and hell, money for nothing... why not.
"not" for you, and "why" for me.

Quote
Not sure I'm following. IF you were to trade 2.5k of it, I would be trusting you with it.

I mean prior to you give those 2.5k.

Read your own fine-print. In short: "I can check you inside-out prior to giving you 2.5k by my rules." Problem still stand: when the 2.5k turn into 10k, you can withdraw it anytime without any problem as I may well can. If you do, than my hardwork to get those 10k goes up in smoke. And those 18 months doing it gone in vain.

See, you sound very much like banks in my country when they offer you to take some credit with them. Started with WE WANT TO GIVE YOU MONEY, and fine-print that says WE DON'T TRUST YOU.

If you say you're not like that, then let me challenge you.

I live in a country where their issued credit-card is denied for on-line purchasing. Rent the house I live in. Where both sides of the law are no different from one another, and the law itself is just a children-book---created to scare or to comfort children under elementary. Plus, my system won't give you quarter-on-quarter profit, but for 12 to 18 months...check yourself.

Attached is my demo-account result.

If you are who you claim you are, drop the hypothetical part and send me that 2.5k asap.
Attached File(s)
File Type: zip StrategyTester.zip   44 KB | 271 downloads
  • #62
  • Jan 8, 2008 2:00pm Jan 8, 2008 2:00pm
Yep, copy of account statement seems the most objective criterion. But at the end of the day fsiltd, you really don't need to explain or justify your choices to anyone.
  • #63
  • Jan 8, 2008 4:34pm Jan 8, 2008 4:34pm
Gee willikers Batman...
I thought this would kinda fade into the background like my usual posts .

A couple of things.

1. There seems to be an overwhelming desire from prospective traders pm'ing me, to keep their "identity" {if selected} confidential.
{So much for the pr, and rubber-necks wanting a show}
I'm not sure what to do about this.
Why would you want the discretion? I won't use your real name :.
No seriously, not sure I get it. (yet). Rep to protect?

2. After some hours of careful review, I am kinda thinking of being a bit more "open" on the time-traded thing. If you can convince me of your SOLID trading plan. Maticulous record keeping. I may reconsider the time-traded argument.
Reasons being are many-fold. Just incase those of you thinking that I have completely thrown caution to the wind. But they are legitimate enough reasons.
And also, someone mentioned "aspiring traders", which got the cogs turning.

3.I don't know whether to just put an end to this thread. It seems to be getting some folks a little riled.
Don't get me wrong. I am doing this regardless of what you say, but it seems to be turning to a multitude of private messaging.

4. Just a note on point one. I am not going to make a "public showcase" of this. It was never my intention, regardless of how it seems or may have become {I know FF has a lot of members, but hey, it's one site)
I will not post abour your gains, losses, analysis, whatever, if that is what we agree in the end.

5. {I really am almost done} A final word for my brethren who are flaming me for being lazy, incompetent, unable, whatever else you have either said outright, or implied.
I'm not spinning this up for some alterior motive. I am not going to get into it either. I will only say this to ya.
YES, I do trade my own account.
Am I profitable - None of your business is it really.
NO, I don't really want to start my own journal on FF to prove I can trade too. But I will say this. I WILL know if your plan is sh*te. And how, pray tell? Well, I've had and traded loads of sh*te plans I came up with myself. Trust me, I'll know a sh*te plan when I see it.
Am I trustworthy - Huh? I want to give you money. If you can trade.
DD - Bring it. Whatever.
NO, I'm not just stringing this along to get some pubic, sorry, public attention. (just checking your still reading! .

Right, that answers a load of pm's. I'm only "kinda online", so I'll reply to the rest of you individually. ASAP
Carpe Divitiae
  • #64
  • Jan 8, 2008 5:48pm Jan 8, 2008 5:48pm
Quoting daytrading
Man,

where did you learn your math skills!?

From 2500 to 10K is 400% (not 75%)

Of course it can be done - you have to be good though....besides, its 2.5K start capital not 2.5million...there is a big difference in achieving big returns on small capital compared to achieving big returns on big capital. (has to do with execution and cost etc.)

regards
daytrading
oops sorry for maths error....but 400 % is likely with 5% allegelly capable of doing this ...i hope it works out....very encouraging to hear
  • #65
  • Jan 8, 2008 6:02pm Jan 8, 2008 6:02pm
Quoting fsiltd
Gee willikers Batman...
I thought this would kinda fade into the background like my usual posts .

A couple of things.

1. There seems to be an overwhelming desire from prospective traders pm'ing me, to keep their "identity" {if selected} confidential.
{So much for the pr, and rubber-necks wanting a show}
I'm not sure what to do about this.
Why would you want the discretion? I won't use your real name :.
No seriously, not sure I get it. (yet). Rep to protect?

2. After some hours of careful review, I am kinda thinking of being a bit more "open" on the time-traded thing. If you can convince me of your SOLID trading plan. Maticulous record keeping. I may reconsider the time-traded argument.
Reasons being are many-fold. Just incase those of you thinking that I have completely thrown caution to the wind. But they are legitimate enough reasons.
And also, someone mentioned "aspiring traders", which got the cogs turning.

3.I don't know whether to just put an end to this thread. It seems to be getting some folks a little riled.
Don't get me wrong. I am doing this regardless of what you say, but it seems to be turning to a multitude of private messaging.

4. Just a note on point one. I am not going to make a "public showcase" of this. It was never my intention, regardless of how it seems or may have become {I know FF has a lot of members, but hey, it's one site)
I will not post abour your gains, losses, analysis, whatever, if that is what we agree in the end.

5. {I really am almost done} A final word for my brethren who are flaming me for being lazy, incompetent, unable, whatever else you have either said outright, or implied.
I'm not spinning this up for some alterior motive. I am not going to get into it either. I will only say this to ya.
YES, I do trade my own account.
Am I profitable - None of your business is it really.
NO, I don't really want to start my own journal on FF to prove I can trade too. But I will say this. I WILL know if your plan is sh*te. And how, pray tell? Well, I've had and traded loads of sh*te plans I came up with myself. Trust me, I'll know a sh*te plan when I see it.
Am I trustworthy - Huh? I want to give you money. If you can trade.
DD - Bring it. Whatever.
NO, I'm not just stringing this along to get some pubic, sorry, public attention. (just checking your still reading! .

Right, that answers a load of pm's. I'm only "kinda online", so I'll reply to the rest of you individually. ASAP


Now I hear reasons talking. Not just some wistful thinking of someone who had too much time in his hand.

To each his own. What's good for me may not be good for you. But if you really want to do this, I say good luck to you, and I do hope you'll find what you're looking for.
  • #66
  • Edited 11:52pm Jan 8, 2008 7:46pm | Edited 11:52pm
Nice Idea, the chosen ones could even create a journal and post how things are going. maybe the results could encourage other investors and your idea a model for others to follow.
this kind of challenge have been made before into this forum but no one knows then what happened then after it started.

as i told you, be picky choosing the traders, dont let the 1K status confuse you. i have seen how ugly much of them have failed. of course, if you see people like me into this, throw them the trader pass. :
keep the wirthdrawal pin for you.
  • #67
  • Jan 8, 2008 7:53pm Jan 8, 2008 7:53pm
I don't mind just for the fun of it. Read my blog to know more about how I trade. Pm me if you want.
  • #68
  • Jan 10, 2008 4:49am Jan 10, 2008 4:49am
Right, sorry to keep all the onlookers and potentials wait'n.
I've been reading plans/pleas/potentials for days on end now.

Everyone with their own "features", benefits and potential (not to mention lil quirks and criteria )

I just want to thank all those that pm'd me for "applying" as such.
For those whom I've not replied to yet, my bad! I have bursts of off-line commitments as well, but I will endevour to get back to you all.

I've been re-thinking this a little, as it's so hard to pick from all the potentials. I am by no means a seasonded veteran in this market, I'm only going for my 5th year behind the screens this year. Even lesser yet, I am by no means a "picker or people", so I'm struggling to be honest.

Keeping the pipe-dreams of all the profit traders are promising me out of my head , and remembering why I started this idea, has made me think of this rather. (again maybe, I'll see what the concesus is). It was supposed to be a fun experiment. Yes I know money is at stake, but 'cmon people, I can always make more. Plus, I'll say again, the rewards could be quite large still, even though I'm risking more. And at the end of the day, I suppose I'm still at least 5K better off for not exposing it to the trigger fingers of other traders!

So, lets return to the "fun" aspect!

Proposal:
1. I open an account with broker. (my name)
2. I Fund account with 5K USD. (yes I know it's more than the initial split, but bear with me, there are valid reasons)
3. Trader1 gets 1-quarter "innings" at the helm. (66-trading days?)
4. Any profit made during your innings is split 50/50.
5. After 1-quarter, account is reset to 5K,(if there's anything left of it , my contract with Trader1 ends, and someone else can have a go at bat.

Terms:
1. Submit an executive summary of your trading plan, highliting your rules for entry/stop/exit. (I will hold you to these)
2. I will not be dishonest or steal from you, I expect the same courtesy in return.
3. DD on both parties. (so you and I both know where to send the kneecappers, if things go south)
4. Only 1 innings per year per trader. (?)
5. If you break your own or my rules, I withold the right to terminate the agreement immediately, (and I'll think about sharing what you've made so far
6. I will keep a journal of your quarters trading activity. Discretion can be maintaned if you want, but a journal will be kept. I think it will make interesting and informative reading here. You will also, preferrably, keep your own (anywhere you like), so that I may better understand the trades your taking with my cash.

Phew, if you're still reading, congrats!
Hopefully I can get this moving soon.

I've opened an InterbankFX account. (I don't personally trade with them, but alot of you potentials use MT4, and I like them the best out of the MT4 platform brokers, so tough luck if you don't like them or MT4, that's the environment I'm setting).

I will fund it as soon as the first trader to bat has been selected and agreements are in place between us.

Cross your fingers everyone, it's almost time-to-launch.
Carpe Divitiae
  • #69
  • Jan 10, 2008 6:58am Jan 10, 2008 6:58am
Sounds like fun, I will watch the space with interest.

As a suggestion other people could also compare their own account for those 66 days and submit the results to you which could determine who becomes the next in line?
  • #70
  • Jan 10, 2008 7:46am Jan 10, 2008 7:46am
Quoting verno
Sounds like fun, I will watch the space with interest.

As a suggestion other people could also compare their own account for those 66 days and submit the results to you which could determine who becomes the next in line?
Yep, interesting angle on the selection process.
Cheers!
Carpe Divitiae
  • #71
  • Jan 10, 2008 7:47am Jan 10, 2008 7:47am
Quoting fsiltd
Yep, interesting angle on the selection process.
Cheers!
I'll compare my own results too!
If I'm better than the first 4 traders, quarter-on-quarter.
I'll have to stop and trade it myself after 1 year.

:
Carpe Divitiae
  • #72
  • Jan 10, 2008 10:09am Jan 10, 2008 10:09am
yeah I admit the first thought was that I would also compare myself to it and then see the progress.
  • #73
  • Jan 10, 2008 10:43am Jan 10, 2008 10:43am
lol, if i get elected i think i am not going to sleep much for 66nights.

probably going to buy another lcd, 1 Metatrader open, another bloomberg and some simpson shows

nice challenge, 66 days out of normal civilization, no se*, not alcohol and much into Metatrader, FF and Fxstreet to keep mind in shape.
  • #74
  • Jan 10, 2008 10:57am Jan 10, 2008 10:57am
Would you chose the broker or let the trasers chose it ? 'Cause with 2500 you definitely need a broker that allows mini lots.....Deutsche Bank for example does not...
"Lunch ? Lunch Is For Wimps !"
  • #75
  • Jan 10, 2008 11:50am Jan 10, 2008 11:50am
Quoting MrFuture
Would you chose the broker or let the trasers chose it ? 'Cause with 2500 you definitely need a broker that allows mini lots.....Deutsche Bank for example does not...
See post #68

:
Carpe Divitiae
  • #76
  • Jan 10, 2008 11:53am Jan 10, 2008 11:53am
Quoting fsiltd
Right, sorry to keep all the onlookers and potentials wait'n.
I've been reading plans/pleas/potentials for days on end now.

Everyone with their own "features", benefits and potential (not to mention lil quirks and criteria )

I just want to thank all those that pm'd me for "applying" as such.
For those whom I've not replied to yet, my bad! I have bursts of off-line commitments as well, but I will endevour to get back to you all.

I've been re-thinking this a little, as it's so hard to pick from all the potentials. I am by no means a seasonded veteran in this market, I'm only going for my 5th year behind the screens this year. Even lesser yet, I am by no means a "picker or people", so I'm struggling to be honest.

Keeping the pipe-dreams of all the profit traders are promising me out of my head , and remembering why I started this idea, has made me think of this rather. (again maybe, I'll see what the concesus is). It was supposed to be a fun experiment. Yes I know money is at stake, but 'cmon people, I can always make more. Plus, I'll say again, the rewards could be quite large still, even though I'm risking more. And at the end of the day, I suppose I'm still at least 5K better off for not exposing it to the trigger fingers of other traders!

So, lets return to the "fun" aspect!
Hey fsiltd, fun idea. I'll have to bookmark this one. Good luck!
Robonacci com
  • #77
  • Jan 10, 2008 3:44pm Jan 10, 2008 3:44pm
This is one of the most interesting posts I've read in a long time.

I'm not going to apply, but will watch it develop. I'm still tuning my system before I go live with micro lots, probably sometime in March of this year.

But I think its nice you are giving some others the chance to show what they can do. Esp those from other countries where $2500 is a lot of money.
Disregard all prognostications.
  • #78
  • Jan 10, 2008 3:54pm Jan 10, 2008 3:54pm
I really sometimes wonder about the IQ level of many here. Not all - just the gulliable ones who ask 'sincere" questions to off the wall ideas. Killing time and all I guess but sometimes I just wonder.................
  • #79
  • Jan 10, 2008 5:22pm Jan 10, 2008 5:22pm
Quoting SunTrader
I really sometimes wonder about the IQ level of many here. Not all - just the gulliable ones who ask 'sincere" questions to off the wall ideas. Killing time and all I guess but sometimes I just wonder.................
Oh, come on now.

Everyone was being really nice & civil until this.

From reading many of your posts and finding them often very informative, interesting and thought provoking, I wasn't quite expecting this.

Assume nothing they say, I suppose.

I'm not sure also, whether you are implying that I am not going to ever go through with this by stating that the readers and potential traders wanting to have a go at this are gullable.

I'll just add as a final note, that many very great ideas were "off the wall" to begin with, no? The very computer you typed that on, was once an off the wall idea.

Do you want to have a go at bat? Is that what it's about?:
Submit your plan. I have a very positive expectation that I will indeed like it.
You can even bat first if you like!
Carpe Divitiae
  • #80
  • Jan 10, 2008 5:34pm Jan 10, 2008 5:34pm
Quoting fsiltd

I've opened an InterbankFX account. (I don't personally trade with them, but alot of you potentials use MT4, and I like them the best out of the MT4 platform brokers, so tough luck if you don't like them or MT4, that's the environment I'm setting).

I will fund it as soon as the first trader to bat has been selected and agreements are in place between us.

Cross your fingers everyone, it's almost time-to-launch.
This actually sounds interesting.
What about the preconditions again? 6 Quarters of profits and all that?

And why on earth not go with Oanda, IBFX is one of the worst feeds and spreads I have ever seen. Also MT4 trading is VASTLY inferior to the ease and speed of Oanda(been on Oanda for over 6 months and have used MT4 every day for 2 years).

Oanda signup can be done completely via email and you could also go the FXManager route via limited power of attorney to the 1 Quarter "FXManager" for example. Simply providing the login also works fine of course.

Just saying - I wonder if I would even bother if I had to suffer MT4
(I am demoing indices and commodities on a MT4 and it's a frickin' P A I N.)

Oh and one thing that I've asked myself since post 1: Where is the excess profit from(How / where etc ;p)?
Trust price. Know yourself.
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