[Tradewinds]

If I wanted to prove what I had made trading, I'd created a video of me signing into my real account, and run a report. Then erase the User Name and Account number info from the video, or find a way to block it out. But what's the point of verifying trading performance? Maybe for your ego, or to convince someone to buy what you are selling, or get investors? I would never sell a system that made me a lot of money. I might create a trading company, and train other people to trade it, but I still would keep the indicators and system confidential. I would only need investors if I had no money of my own. But if someone wanted to invest, I would have them watch me trade live to give them an idea of what I was doing and what the potential was.

[gosu]

I like the idea of benchmarking performance against what others are doing. Not in a competitive way, of course, but with the idea of personal improvement. It would also be good to identify those who are extracting at a greater rate than I, and to communicate with others who are serious and have an effective approach to trading.

For such benefits I would be willing to submit to a verification of my trading results and make it available for public viewing in a pool of other people's results. However, I would never jeopardize the security of my trading accounts, which is what the website under discussion seemingly would do.

[MightyMouse]

A good way to do it might be for a trader to permit his broker to publish his trading results at a common location.

The broker already has access to the account results and could post it with the trader's permission without revealing account numbers, passwords, etc. You don't have to give this information to your broker or anyone because the broker already has it. Trust in your broker has already been established.

Another way to do it is to become a CTA. Then, posting false results becomes a crime. So, there is trust that the results are real.

[wrbtrader]

I think the obvious solution would be for the broker to send the performance results from the side of the broker that's linked to Opentrader instead of Opentrader retrieving the info from their side of the connection. Thus, prevents Opentrader from having access to the trader's passwords, "verification questions," other required security keys. Simply, Opentrader will only have access to the account number and possibly user name.

The performance record for purpose of transparency, legitimacy, benchmarking can be accomplished even if the broker only sends the info when the markets have closed or at a set time period at night considering Opentrader is not trying to be a real-time middle man of trades.

In fact, I'm very curious why Opentrader didn't approach this from the side of the broker sending the info instead of from the side of Opentrader retrieving the info.

[gosu]

Mebbe it's an elaborate version of the Nigerian scam.

I can't wait for the version that requires online banking passwords to verify that a person is wealthy on the internet.

The site can be called openmessageboardmillionai re.com

[Nvesta81]

I don't see this idea taking off for the simple reason that transparency in a zero sum game that involves money just doesn't make any sense whatsoever to me.

Or maybe I'm too paranoid, but there are so many sharks out there I feel justified in my reasoning.

[TheDude]

wheres the motivation to join? wooo-hooo so some kid on the other side of the world who i will probably never meet now knows all my idle boasts are in fact - facts!

most successful traders will not give a damn about 'proving' themselves to a bunch of losers on ET and T2W. they have nothing to prove to anyone but themselves. most successful traders are pretty humble people and dont get off on this ego stuff. whats more, the seriously, seriously wealthy go to great lengths to hide their wealth - not advertise it.

this web site will attract only one kind of person:

vendors.

oh - sorry, also it will attract those who out the goodness of their hearts want to share their 'secrets' with john doe for nothing.

[MightyMouse]

Originally Posted by TheDude »

wheres the motivation to join? wooo-hooo so some kid on the other side of the world who i will probably never meet now knows all my idle boasts are in fact - facts!

most successful traders will not give a damn about 'proving' themselves to a bunch of losers on ET and T2W. they have nothing to prove to anyone but themselves. most successful traders are pretty humble people and dont get off on this ego stuff. whats more, the seriously, seriously wealthy go to great lengths to hide their wealth - not advertise it.

this web site will attract only one kind of person:

vendors.

oh - sorry, also it will attract those who out the goodness of their hearts want to share their 'secrets' with john doe for nothing.

It apparently also attracts traders with a limited view.