Imagine impossible.... | Forex Factory

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Imagine impossible....

  • #1
  • First Post: Jul 15, 2009 5:09am Jul 15, 2009 5:09am
A hypothetical scenario and question at the end:

1. I'm a profitable trader
3. I'm opening a new thread,
2. I'm posting my every chart with an entry point and then with an exit point. Everything in real time
3. My trades are profitable - at the end I'm earning more than losing.
4. People starts following my trades / signals.
5. After a while there's a hype about my thread and even more people starts trading 'with me' using my signals.
6. Then what?

What if thousends and thousends of traders would be making money entering when I'm entering and exiting when I'm exiting?
  • #2
  • Jul 21, 2009 1:52pm Jul 21, 2009 1:52pm
Anyone?
  • #3
  • Jul 21, 2009 1:53pm Jul 21, 2009 1:53pm
Quoting T.E.Lawrence
Anyone?
I agree just move cw to journal section should be fine... it's not really a system but some chat rooms I guess haha

btw: I don't think trader have leisure to post chart, entry and exit real time 'on order open', only post entry r/t possibly feasible to do.
  • #4
  • Jul 21, 2009 1:59pm Jul 21, 2009 1:59pm
... the answer to the sixth question:

You package your skills as a subscription service. You should never make anyone rich for free. If you have a proven tack record, people will follow you.

If subscribing your services not your cup of tea, you could always start up a fund.
  • #5
  • Jul 21, 2009 2:16pm Jul 21, 2009 2:16pm
Quoting T.E.Lawrence
A hypothetical scenario and question at the end:

1. I'm a profitable trader
3. I'm opening a new thread,
2. I'm posting my every chart with an entry point and then with an exit point. Everything in real time
3. My trades are profitable - at the end I'm earning more than losing.
4. People starts following my trades / signals.
5. After a while there's a hype about my thread and even more people starts trading 'with me' using my signals.
6. Then what?

What if thousends and thousends of traders would be making money entering when I'm entering...
Possible to move one or two stocks but you'd need more than a few thousand followers to affect the currency markets.

Z
  • #6
  • Jul 22, 2009 12:35am Jul 22, 2009 12:35am
I don't want to sound paranoid but is there a danger of market movers (operators) to use my signals (if there are many, many people following them) to play against me?
  • #7
  • Jul 22, 2009 12:47am Jul 22, 2009 12:47am
Quoting T.E.Lawrence
....is there a danger of market movers (operators) to use my signals ...to play against me?
Sure that danger "exists". But you would have to be on their RADAR. That could happen once you start making 10's of millions of dollars.

Happy to cross that bridge with ya !!

........ OK, here's what I think. There have been thousands of traders following some of the guys on here. (I'm thinking back to guys like Auslanco or Hakuna Matada). But who are these "Operators" that would bother themselves with such petty concerns. They have a much better way of skewing the odds, a much better way of determining which way all you guys are trading.... I think it's called Level 2. They can see where all of your orders are and then move the market to cream the masses.

Creaming The Masses is what they're into. They don't need to follow this board to do it.
  • #8
  • Jul 22, 2009 1:11am Jul 22, 2009 1:11am
if you have 10000 people trading 1x100k lot each and they are all following you, and you are all connected to the real market, you will get smashed cos no one will have the liquidity to fill the orders of everyone, slippage will become a common thing, and a bunch of banks will get involved on the order book to eat up the liquidity on the otherside.

Its completely different trading when there are big lots moving in the same direction.

Best to just trade for yourself, make your money from the market, and ignore the rest of the people.
  • #9
  • Jul 22, 2009 6:54am Jul 22, 2009 6:54am
Quoting T.E.Lawrence
What if thousends and thousends of traders would be making money entering when I'm entering and exiting when I'm exiting?
Nothing would happen as most traders out there trade with market makers.
  • #10
  • Jul 22, 2009 9:33pm Jul 22, 2009 9:33pm
Quoting T.E.Lawrence
I don't want to sound paranoid but is there a danger of market movers (operators) to use my signals (if there are many, many people following them) to play against me?
Change your focus. Keep looking forward and not over your shoulder.......THERE IS NOTHING NEW IN TRADING.

It's quite possible someone is already using a later version of the signal you are worrying about!

Happy learning.

Z
  • #11
  • Last Post: Jul 23, 2009 6:06am Jul 23, 2009 6:06am
Quoting Takisd
if you have 10000 people trading 1x100k lot each and they are all following you, and you are all connected to the real market, you will get smashed cos no one will have the liquidity to fill the orders of everyone, slippage will become a common thing, and a bunch of banks will get involved on the order book to eat up the liquidity on the otherside.

Its completely different trading when there are big lots moving in the same direction.

Best to just trade for yourself, make your money from the market, and ignore the rest of the people.
Thanks, that's a one answer.

Well, I've been just wondering if market movers can take advantage knowing what you're doing (you means - profitable trader trading with many, many others like one body; it would have influence on the market if I would have thousands and thousands of followers) and go against you.

It's just a hypothetical question - whether giving your signals based on your profitable trading system to the public can 'ruin' your system / trades. So even if I'd established some paid signals service, it could stop working at some level - when it'd become very popular. Of course, only in case if some 'operators', as called by some folks, would exploit my service in one way or another and would start 'trading against me'.
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