Trading Claims

[tech/a]

T/H posted this in the Gann thread in reply to a poster.

Well in my eye you might as well not bothered with this drivel.

Would of been ten thousand times more effective to just post your broker statements showing real evidence of your claimed success. But I'm sure you have many a reason why we will not see them.

I support T/H's view not only with regard to this claim but many other claims made by posters.

Many who make trading claims here I'm sure don't even trade.
Public web sites are full of rubbish as well as full of outrageous claims.
So how do you sort them out?

I believe you should be able to question these claims and if someone is using a real time example and claiming a particular result whether that be a singular event or a long term method.

If they are talking $$s then prove it if asked. Otherwise the claim is nothing BUT hot air and personal back slapping.

This should not be seen as egotistical but as credibility.

Those who are looking for real people with real claims must be able to ask for this and those who can supply it will have no problem in doing so. Those working on theory/hindsite or hypothesis wont. This is where the majority here and most public sites reside.

Opinion is fine but when your CLAIMING result then people have every right to question it.

Would certainly sort the wood from the chaff.

I think where people are making monetary claims with regard to results then they should be substantiated.Other wise they are just hot air.

 

[alwaysLearning]

Re: Trading Claims.

well, it's also pretty easy to post the broker account figures and then blank out your account number and name.

Then you still have proof. I'm sure some people don't want their name known in some internet forum. But yeah there are ways to prove yourself without people knowing your identity.

The way to do this is to post trading calls in real time with a chart and explanation of why you took the trade. Then someone else can follow you in real time and see that you do know what you're doing.

There are many ways.

To answer your question directly, yes, if you make bold claims then you should be able to back it up if someone asks you.

edit: but then again, this is the internet and some people don't have the time or don't care to 'prove' themselves beyond what they say.

 

[nunthewiser]

Re: Trading Claims.

Do we get $500 bucks for every broker statement ?

 

[tech/a]

Re: Trading Claims.

Joe should get the $500 and if you want one from me ( A statement) Nun thats what it will cost you.
Most everyone else will get it for nothing.

Mind you If I cant produce it then I'll send Joe the $500---as you well know I will.

But not just limited to me--
That would be a nice way to sort out the tossers and support the site!

 

[nunthewiser]

Re: Trading Claims.

Joe should get the $500 and if you want one from me ( A statement) Nun thats what it will cost you.
Most everyone else will get it for nothing.

Mind you If I cant produce it then I'll send Joe the $500---as you well know I will.

But not just limited to me--
That would be a nice way to sort out the tossers and support the site!

personally not fussed if you wanna show me one or not actually

just thought if ppl were gunna pay me $ 500 bucks to produce one , id be happy too

mind you i havent claimed anything here except being awesome so i dare say will have to wait until im asked first

but hey fair enough re thread and proof as seen a few claims of brilliance here and often think i wish i could be as great a hindsight trader also

 

[nunthewiser]

Re: Trading Claims.

p.s . re my post in the XAO thread earlier . do i have to provide proof to anyone re my entrys at time ? or is it only AFTER the fact calls you are concerned about ?

or do i have to prove my breakeven trade on BSL earlier as posted in real time in chatroom ?

 

[nunthewiser]

Re: Trading Claims.

sorry im just being silly now and this proving thingo doesnt actually concern me as more than capable of deciphering bullsheet from fact most of the time here

sorry for filling thread with crud again

as you were

 

[James Austin]

Re: Trading Claims.

I think where people are making monetary claims with regard to results then they should be substantiated.Other wise they are just hot air.

its good in theory tech,
so much hot air on most forums and very little of it has ever helped "my" trading; but that might just be me?!

but realistically, forums thrive on opinion and self aggrandizement, not all of it, just the better portion, take this away and you might be left on your own, . . . well, you and me anyway

also, broker statements can be constructed to "authenticate" claims, so they dont prove anything

JA

PS not sure why i posted here, too much sugar ladden tea!

 

[MS+Tradesim]

Re: Trading Claims.

I lost $1000 last week. Anyone wanna pay me $500 to see the brokerage statements?

 

[CanOz]

Re: Trading Claims.

its good in theory tech,
so much hot air on most forums and very little of it has ever helped "my" trading; but that might just be me?!

but realistically, forums thrive on opinion and self aggrandizement, not all of it, just the better portion, take this away and you might be left on your own, . . . well, you and me anyway

also, broker statements can be constructed to "authenticate" claims, so they dont prove anything

JA

I think there is a difference between a forum and a community, online. I like to think of this as a community.

So, in a normal community when does anyone ever have to substantiate any claims about money? They rarely are put in that position.

A community should concentrate on helping each other out, and if advice has value in it then so be it, if not then ignore it.

I don't make any claims about money, perhaps % loss or % gain once or twice when i felt someone will benefit from that.

Why are we always trying to prove our credibility? Perhaps its an ego thing? You don't see too many women trying to do that do you? Women are notorious for not caring about ego as much, maybe we could learn from that.

Cheers,


CanOz

 

[BBand]

Re: Trading Claims.

Don't know why anyone would even consider showing their broker statements!

If I respect someone for their knowledge / expertise - that I have found to be useful in the past - why would I ask for proof

Provided the methodology is shown - how cares about broker statements

No one should take as gospel any strategy that is posted here or anywhere else without checking it out for themselves to see if it works for them

 

[CanOz]

Re: Trading Claims.

I lost $1000 last week. Anyone wanna pay me $500 to see the brokerage statements?

Hah, i lost 600+ last night in the US and made 600+ today in Oz, i'll settle for 500 too!

CanOz

 

[nunthewiser]

Re: Trading Claims.

deleted my last post as figured i,d rather spend my $500 bucks on loose wimmin and a pizza

u got lucky canoz

 

[beamstas]

Re: Trading Claims.

Broker statements are for pussies

This is what i have all from trading

This is my ferrari

My lambo

My house

The missus

Brad

 

[CanOz]

Re: Trading Claims.

deleted my last post as figured i,d rather spend my $500 bucks on loose wimmin and a pizza

u got lucky canoz

$500 can go a long way here on your favorite sins! (so they tell me)

LOL! I'll take luck any day, as long as i'm right 40% of the time!

Cheers Nun,

CanOz

 

[nunthewiser]

Re: Trading Claims.

WOW , where do i sign up ?

 

[MS+Tradesim]

Re: Trading Claims.

In your dreams that's your missus!!


The rest of it I've no problem with.

 

[Julia]

Re: Trading Claims.

Tech, whilst I appreciate what you're on about, I do think most of us have reasonably efficient bull**** detectors. The hot air posters fairly quickly give themselves away, don't they?

 

[skc]

Re: Trading Claims.

Broker statements are for pussies

This is what i have all from trading

The missus

Brad

Brad, you will need to post your vehicle registration, the deed of the house and marriage certificate. If you can produce those I am willing to give you $500.

Hang on... Your missus looks like my last girlfriend. You may want to do a DNA test on your son.

 

[dutchie]

Substantiating peoples' trading claims - who gives a sh*t