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@Caseynotes,

You don't find Poker a fascinating game? I find it interesting and fascinating. I love the game. Well I find it interesting. I may even set up a thread in relation to Poker and Trading. 

On 11/09/2019 at 11:16, Caseynotes said:

Fascinating lecture on Poker Economics, one of the  MIT's OpenCourseWare series .

Delves into early Credit Creation and money and debt by linking poker in the early 1800's in the US mid west to soft banks and onto the formation of the CME futures market in the same region. Then comes back to poker and it's links to quant analysis in the 1980's, beating casinos and the emergence of hedge funds.

Just over a hour long.

 

I think you posted the above this month. 

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2 minutes ago, TrendFollower said:

@Caseynotes,

You don't find Poker a fascinating game? I find it interesting and fascinating. I love the game. Well I find it interesting. I may even set up a thread in relation to Poker and Trading. 

I think you posted the above this month. 

yes and it's an excellent video that you didn't watch before making comment, shame.

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@Caseynotes,

I thought it was interesting as I am a very passionate poker player. India has a different variation which is called 'Teen Patti' and it is a three card game hence 'teen'. I played that as a child with my grandmother. She taught me. I only started playing Texas Hold Em Up version which is five card around 15 to 20 years ago. 

I though in the video you posted it was interesting how he went through how the rules were different historically and they did not even have flushes and straights. 

I wonder how many people on the IG Community watch over an hour of this? Just out of interest did you actually watch it? What do you think of his humour in regards to Ace beating King in the video?

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1 hour ago, TrendFollower said:

I wonder how many people on the IG Community watch over an hour of this? Just out of interest did you actually watch it? What do you think of his humour in regards to Ace beating King in the video?

Yes of course I watched it, chiefly because it wasn't really about poker. It was about debt. How trade and commerce functioned in the absence of money in the very early US mid west and lead to the founding of the CME and the whole futures market.

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On 28/09/2019 at 16:55, Caseynotes said:

Video on how the scammers on instagram, myfacebook etc turn up with fantastic looking 'live' account records with reputable brokers by using white labeled fake mt4 servers. Scamming is clearing becoming a massive industry in the world of retail trading (as if it wasn't big already).

Very strong language

 

Youtube banned this video above on how scammers using disconnected broker servers to show fake live trading accounts so the guy put it on Dtube instead. see here.

https://video.dtube.top/ipfs/QmYSZ2Gtw9iR7mSPA2GSLcuLazJK5c1Zrd3YUY6J29CyHT

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Brian Watt short vid on the difference between bid/ask volume and Delta volume showing recent ES buying (S&P 500 E-mini Futures).

 

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5 hours ago, Caseynotes said:

Brian Watt short vid on the difference between bid/ask volume and Delta volume showing recent ES buying (S&P 500 E-mini Futures).

 

very useful tool! would like advanced visualizations like this in the platform

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26 minutes ago, 247trader said:

very useful tool! would like advanced visualizations like this in the platform

very useful and shows whats available via subscription services over and above your average broker platform. Can always go down the mt4 route where there are all sorts of interesting toys though not usually as professionally presented as this one in the vid.

image.thumb.png.975f7d1325a6cad111505cd53cbfa469.png

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Missed this on Friday, a IG interview with Market Wizard's Jack Schwager on current markets.

 

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Very rare free vid from Anton Kreil's Institute of Trading.

Why Shorts are Hard To Find and How You Can Find Great Shorts - Jason McDonald

45 min. Just published today but is from a conference in 2016.

 

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On 04/10/2019 at 10:37, Caseynotes said:

Youtube banned this video above on how scammers using disconnected broker servers to show fake live trading accounts so the guy put it on Dtube instead. see here.

https://video.dtube.top/ipfs/QmYSZ2Gtw9iR7mSPA2GSLcuLazJK5c1Zrd3YUY6J29CyHT

So you're saying there are people out there who have "fake live accounts" where they can simply upload any equity, place trades where they enter and exit at any level they like and then show off their insane growth rates?

Question I'm having: Where do they get all the money from to buy their lambos and stuff? And also is this not the most boring exercise in the world? Faking results and making youtube videos about it?

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20 hours ago, Caseynotes said:

Very rare free vid from Anton Kreil's Institute of Trading.

Why Shorts are Hard To Find and How You Can Find Great Shorts - Jason McDonald

45 min. Just published today but is from a conference in 2016.

Watched that video yesterday night.

While I am a fan of Anton Kreil's institute, I do think they are not teaching trading, but investing, even though they call themselves traders.

They always talk about holding stuff for 1-3 months and have target returns of 25% per year. Lol, that's investing. Anton once said, they are using about 1:4 leverage, so that is still 100% account size growth per year, but still not enough to make a living out of it, unless you have at least £50k in equity.

25% growth per year for an investment account is considered very solid results, but for a trader surely that's what you want to make per month otherwise what's the point.
Ricky from Techbud Solutions for example trades with a $100k account and aims for $2k per day, that's $40k per month or 40%. Of course he doesn't always hit the $2k and sometimes also loses, but surely he averages at 25% a month then approx.

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35 minutes ago, DSchenk said:

So you're saying there are people out there who have "fake live accounts" where they can simply upload any equity, place trades where they enter and exit at any level they like and then show off their insane growth rates?

Question I'm having: Where do they get all the money from to buy their lambos and stuff? And also is this not the most boring exercise in the world? Faking results and making youtube videos about it?

It's all true I'm afraid. So you hire the use of the disconnected server which shows you as having a live account with a known broker, you then fill in fake backdated trades giving you fantastic results and a massive account size. Then get a few pics of yourself with a rented lambo and post the lot on instagram. You will be inundated with requests from hopefuls willing to pay 1k - 5k a month for your subscription service, some of these guys carry a caseload of 100 clients at a time, the clients drop out when they realise it's a scam but others are queuing up to replace them.

In another video (that also got banned) he looked up IG and they didn't have any disconnected servers but most other brokers did. Gain Capital had dozens of them running, it's not the brokers who are doing it and I don't know why they have these servers but they are there and are being used fraudulently.

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Well the brokers obviously also have an interest to get as many noobs as possible to trade and lose all their money, so I get why they would facilitate such a move if you happen to be an influencer with a couple of thousand followers and promise to bring in hundreds of noobs per month, ready to lose it all.

Next question would be: If someone plays this strategy, where do they get the knowledge to create a 30 hour trading course? Or is everything in that course simply also loads of ****? (I never purchased any of those courses, so can't tell)

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7 minutes ago, DSchenk said:

Well the brokers obviously also have an interest to get as many noobs as possible to trade and lose all their money, so I get why they would facilitate such a move if you happen to be an influencer with a couple of thousand followers and promise to bring in hundreds of noobs per month, ready to lose it all.

Next question would be: If someone plays this strategy, where do they get the knowledge to create a 30 hour trading course? Or is everything in that course simply also loads of ****? (I never purchased any of those courses, so can't tell)

The broker doesn't gain and is probably just finding out as well that the servers are being misused. A few bad brokers in unregulated countries can profit from clients blowing up their accounts but not here, the scam doesn't include the broker and these guys don't need to sell courses though some do, it's not hard to cobble together stuff off the net. They are calling out their trades, instagram is great because you can delete posts and reply's and how long does it take for someone to finally admit to themselves they've been had, quite a while it seems. And when it finally all blows up you just shut it down and start up again using a different name.

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2 hours ago, DSchenk said:

They always talk about holding stuff for 1-3 months and have target returns of 25% per year. Lol, that's investing

I would call it bullsh!t ...

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Will be lucky to get returns of 6 - 7 % nowadays.  Always remember that the only people who get much richer in the world of finance are people who are rich to begin with!  Get out of this as soon as you get a chance and collect 'professional fees' and 'spreads', because that's the only reliable source of income in the world of trading.

Edited by dmedin

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Warren Buffett says he would guarantee 50% return per annum if he managed a $1m portfolio.

With $100b that kind of returns are simply not possible

As the kind of Anton Kreil dudes portfolio size is surely not larger than $1m, $10m at the max, returns of 25% surely are possible.

The bigger problem is, if you only have $500-$2000 to start with, how to grow that to $1m. That's they ultimate key question. Cause there your annual returns need to be somewhere in the thousands, if not tens of thousands.

Think Ross Cameron started with $570 and grew that to $300k or so in the first year of his trading challenge. That's 525,000 % right there. Key is to get the initial $500 as quick as possible to like $100k and then reduce risk from there and aim for slower growth.

 

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This video from the Chartist is doing the rounds again, remember it from a while back, it looks at the difference between qualitative and quantitative aspects of trading and raises some good points such as why most trading courses fail their students. 

40 min.

 

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16 minutes ago, Caseynotes said:

most trading courses fail their students

😄

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2 minutes ago, dmedin said:

😄

I'm just watching it again (half way through) and forgotten how good it is. It explains a lot as to why so many just keep going round in circles.

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John McDonnell on Venezuela: “Here you have the contrast between capitalism... and socialism.” 

2 minute infographic vid South American countries 1990 - 2018.

 

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BTC/USD 5 point Renko Chart with a 24 period Triangular Moving Average and RSX (RSI smoothed) OBOS exit arrows (overbought oversold).

image.thumb.png.7e7a1e3ffb40df32eb416ef4b3d62c1b.png

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