what service is this? I haven't tried any services in about 2 years but I remember them all being the same and they didn't deliver. I tried them all and if even one of did 2pts per week I would of stayed on as that's 400 per month per contract traded.
I personally average 8.5-9 pts per week...
3 ES points per day per contract ?? averaging that over the long term? Wow, if that is what people expect than it ain't happening from me but if you make this on your own I'll pay you $500 PER WEEK to IM me your trades and I'll trade em alongside my own !! :)
thanks for your thoughts. They are many of the same concerns I have. If this happens, I don't envision it being a huge mass marketed website. IMO, the reason those sites do so much advertising is because their service is lacking in results and people are constantly leaving. This would be capped...
ok, thanks again for everyone that gave their input.
I thought about it over the past 2 months since starting this thread and I have decided to take the next step and see how feasible this idea is. If there is interest, I'm looking for 5 or so people who would like to try and follow my ES...
yes, that is my fear and you have scared me even more now:)
to be precise 7.38 (net after commissions) ES points is my average per week YTD. Last year it was 7.59. You think this is too small an amount that people would pay for assuming they were able to follow this and get filled? I know...
you can download NinjaTrader for free and then sign up for a free data feed through opentick.com Ninja only charges for their software once you decide to trade live through a broker.
the only thing I'm unsure of is whether this scenario would allow you to demo trade. I think it would but...
In terms of the "work", I am more concerned with the possible effect on my own trading than I am the setup. I don't trade a mechanical system so how will I react when I know I have people following me who's money I have to refund if I don't perform and who's questions I have to answer during...
yes, if room members wished to see this I would gladly post it. I'm only 50/50 on even attempting this project. The reason I would do this would be for an additional income stream, why lie? :) The reason I wouldn't do this is due to possible stress and extra work. I am confident I'll reach all...
of course the usual caveats apply since I can type whatever I want here but this is my trading story.....
started trading in 1998. Lost ALOT of $$ for first 2 years and almost quit several times. For the next 3 years was barely profitable but enough to keep me in the game and thinking...
yes, exactly. This is what I explained in # 3 of my original post. All entries would have to trade through the limit order to ensure that every single person got filled. This way the official results on which I would base the guarantee would be the worst case results and people would actually do...
"Therefore, you may wish to be helpful about the next trade coming up and explain the "countdown" to the trade. This allows people to be watching the screens (that you provide to them) in a productive manner."
this is a great suggestion, thanks. Some sort of advance warning as to when a...
My personal style is to trade anywhere from 2-10 trades per day depending on market conditions and setups of what I look for so I don't think this would be an issue but it is a good point regardless. Thanks.
forgot one other thing.....I believe commissions should always be accounted for in any results. Who cares if something made 2 pts in a day if it took 18 trades to do so?
I have NEVER understood the rational that the YM is better for beginners because it's only $5 per tick. That makes no sense to me because it moves so many more ticks at a time because of how large the index is relative to the others.
think about it......the YM trades at almost 10 times the...
for those that have tried and failed with trading rooms that make live calls or signal services, what would be some qualities that you'd look for in the ideal room or service? I am CONSIDERING starting a service. Yes, I know many here will blast me, laugh, and be skeptical which is all fine and...