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why traders hide their records history?

olive10000
Sep 08 2010 at 14:02
41 posts
I really wonder what is the purpose to hide your balance, or history?

If you have somthing to hide, it means that there is something wrong with your strategy.

Even if people see your balance or your history, it doesn't mean they are going to steal your strategie.

and if you want to create managed account, who is enough crazy to invest money with a trader who have something to hide.

So what is the purpose to hide history and balance?

Keys for forex success:PATIENCE and money management!
stevetrade (stevetrade)
Sep 08 2010 at 14:40
1408 posts
I can understand some people hiding their trades and their history as it would be possible to analyse some strategies and then emulate the trading.

However I agree the downside to hiding your strategy far outweighs the benefits.

Nice trading by the way!

11:15, restate my assumptions: 1. Mathematics is the language of nature. 2. Everything around us can be represented and understood through numbers. 3. If you graph these numbers, patterns emerge. Therefore: There are patterns everywhere in nature.
Dendee
dendee
Sep 08 2010 at 15:55
34 posts
I do open my balance and history, hopefully someday there are two or more senior would give me an advise about my trading style, so i can fix something wrong with my trading style, and of course gain some more pips.

Happy trading and green pips

compuforexpamm (compuforexpamm)
Sep 08 2010 at 16:10
265 posts
olive,

I have yet to see a sensible argument for opening my trade history......What do you think you can find in my trade history that the performance figures(equity, etc) do not already tell you?

If you have a live account that has been around for long enough, the actual trades are irrelevant.

Frankly, this place is filled with traders falling over each other to try and figure out what the next guy is doing.....and the only people the hidden history irks are the other traders.

Steve, I'm not sellling anything, so there is zero upside to showing the trade history.

Wealth Creation Through Technology
stevetrade (stevetrade)
Sep 08 2010 at 16:31
1408 posts
I was of course talking about the people trying to sell something.
Private traders can hide anything they like 😀

11:15, restate my assumptions: 1. Mathematics is the language of nature. 2. Everything around us can be represented and understood through numbers. 3. If you graph these numbers, patterns emerge. Therefore: There are patterns everywhere in nature.
olive10000
Sep 08 2010 at 16:43
41 posts

compuforexpamm posted:
    olive,

I have yet to see a sensible argument for opening my trade history......What do you think you can find in my trade history that the performance figures(equity, etc) do not already tell you?

If you have a live account that has been around for long enough, the actual trades are irrelevant.


Exactly, this is what i meant, why people traders keep hiding somthing in their account, cause it changes nothing.

Are traders scared that somebody steal their method? (i dont know how it would be possible)

I am even suprised that it is an option from myfxbook

even if you sell a PAMM, it will be very difficult to follow signals, as there is a delay with myfxbook and MT4 platform.

And if you are really good in trading, you make your money with your trading, not with others people, so you have nothing to hide.

and hidden history doesn't irks me, i just wonder why you need to do this, but we are all free , so......

have good trades!




Keys for forex success:PATIENCE and money management!
bluemele
Sep 09 2010 at 15:33
272 posts
Honestly, in my opinion the reason people hide it is for 4 reasons:

A) They don't want their broker knowing who they are or causing problems with their technique as it requires good execution.

B) They are not honest people and trying to get one over for you.

C) They are honest, but they lack the courage to trade their own cash at a stage to make their own $$ for supporting themselves or are climbing their way back up after losing much....

D) They don't care, don't want to share and would rather tell you to f-off then share anything to help you in any way... :) Not the helping or sharing type. Mommy and daddy didn't teach them this....

Be Open, honest and ethical and all the $$$ you want will come. (hint hint)
Moneymanagement (Moneymanagement)
Sep 13 2010 at 06:45
35 posts
All i can say here is everybody have their way kinda thinking, i see nothing wrong in showing account history

Patient The Best Stractegy
ranesh (ranesh)
Sep 20 2010 at 05:46
257 posts
From an investor's point of view what is the additional 'useful' information that they can derive from being able to see the trade history here on myfxbook? Every piece of critical information needed by an investor is already available without having to see the trade history.

All data here on myfxbook is verified. So what's the purpose of checking the trading history ?? There's nothing left to verify.

In my opinion, the only ones who insist on seeing the trade history are probably the ones who want to try and somehow reverse-engineer the strategy >> aka 'stealing'. Some of us have made a lot of sacrifices and worked really hard to formulate and test our strategies and have paid the price it takes without giving up and therefore certainly do not appreciate anyone trying to rip us off. After all, trading is a business and nobody in their right mind is going to give away the nuts and bolts of whatever business they run to someone else just like that... even a hint of it. Sorry if this sounds a little harsh.. but that's the truth. This is the real world where nobody hands us everything on a silver platter.

It happened to me once and I will not fall for it again. But I doubt very much that this person (registered here on myfxbook) was able to reverse-engineer my strategy since it's not just a straightforward method of trading.

So far the potential investors I've personally met with are quite happy with all the 'relevant' KPI that I make available to them. Besides they have no clue about trading and therefore are not bothered about trading statements, which is why I have no hesitation in showing it to them anyway.

Besides, in my opinion, the only ones who sell so-called 'successful' trading systems or whatever are the ones who are not able to trade profitably. Why else would they want to make a few 100bucks selling systems/signals etc instead of offering to manage accounts for significant profits instead ??

I think our profiles on myfxbook are very useful only to keep our investors updated on the progress of their investments. Not really to find investors. I doubt very much that investor-savvy people with significant funding visit here hoping to find a good trader to manage their funds. I could be mistaken in my assumption but that's what I think.

I think if a poll is conducted to find out if anyone here was able to connect with an investor with significant funding, we will see the actual picture.

My tip to all of you who are ready to manage funds and are looking for investors, is to look at your existing circle of contacts. You'd be surprised at the potential investors with significant funding you'd find. Once you get your foot in the door and if you perform well, rest assured you will not need to look for investors, they will come to you by word of mouth.

Have a great week everyone !

bluemele
Sep 20 2010 at 13:08
272 posts
ranesh posted:
  
It happened to me once and I will not fall for it again. But I doubt very much that this person (registered here on myfxbook) was able to reverse-engineer my strategy since it's not just a straightforward method of trading.



My tip to all of you who are ready to manage funds and are looking for investors, is to look at your existing circle of contacts. You'd be surprised at the potential investors with significant funding you'd find. Once you get your foot in the door and if you perform well, rest assured you will not need to look for investors, they will come to you by word of mouth.




I disagree and agree with you. :)

You have a good point. If you are not marketing for investors, then if a specific investor wants more info, great, give it to them!

However, the mindset of 'someone else will steal my hard work' is one of limiting beliefs. The silver platter comment is always an interesting one and I believe it shows something about you personally about scarcity thinking. There is more than enough pie for everyone. Even if your system was the greatest on the earth (which I highly doubt), than 99% wouldn't be able to execute it unless you are a complete and bumbling fool.

I have never seen a system in which the average Joe will just run with it and make millions overnight. I believe trading is more about emotional well being than the actual method being applied. There are thousands of systems on the threads. Do any of them work. Yup, probably 90%. But the people don't have the capability to make it happen.

So what if ONE PERSON here on FXBOOK STEALS your method. Wow.... How dare that person benefit. You could even say, 'He slaved' on 'STEALING' your method, because to look at your trades and actually copy them would require what you call work right?

I wonder how much you have given to others, charity, altruism may seem like a foreign concept to you. Sorry if I am attacking you, but it isn't really you, but your thinking about sharing, giving and enabling.

Your argument is not an argument that is inline with MY values. That is fine, I am not you, you are not me, but I feel sorry for people who do business with people like you because they will always be limited and I am sure if there is ever a disagreement over money, you will win. :)

Please take this as not an attack, but maybe a chance to evaluate your thinking, or just rule it as 'This guy is an f-in idiot and he doesn't matter'... :)

BTW, I am sure you got your method from someone else or others who helped you. I haven't met anyone who was born with FX GENIUS... :)

Oh, and not saying I am right or wrong. Nobody ever is... But, when I think about investors, I think about, 'Hey, this will be fun as they can join me for the ride'.

Be Open, honest and ethical and all the $$$ you want will come. (hint hint)
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