>johnborton (turok) i see you wrote a testimonial
>for alfatrading. care to explain that? were you
>paid for that test?
I don't follow your question. I have written very little about Alfa. I believe everything I have written (good and bad) can be read in a thread called "Chat Room Reviews" under the "Trading" forum (as Turok).
I have never written anything "for alfatrading". In fact, when I wrote what I did about them I had just started with them, was skeptical as hell and stated so clearly in my post. I have since become less skeptical and more convinced (three months will NOT win me over completely) of their value but until wwatson called them a "rip" (something I felt compelled to refute) have not said a word about my success with them (hardly the signature of a shill).
I learned of the site from comments on EliteTrader in Sep/Oct of last year, did my DD, paid my money, paper traded them, 100 shared them, 2/3/4/500 shared them and here I am. Was I paid for that test?...not by Alfa (I don't know them, they don't know me), but I have been paid handsomely by following the calls.
Let's be clear about one thing...this is not a site (like say Underground Trader, Mtrader, etc) where they can claim a bunch of success while the subscribing traders can't necessarily keep up(been there) . This is a site that they update only once per day and only issue on average less than 2 calls per day. You can input the triggers into IB (or other) before the market opens and never watch it again until the next day.
Have I found anything even slightly disturbing? Yes, one thing...
Let's say that a stock closes at $49.80. Alfa issues a long trigger for $50.25 for the next day. The stock gaps to $50.75 and climbs from there. For their accounting, Alfa uses their trigger of $50.25 as their accounting entry even though there of course is no way to get it until .50 later (if you decide to chase). I find that accounting method to be misleading (especially since it is not explained).
The above happens on less than 10% of their trades so it only has a minor impact on the actually achievable results, however I believe it would be in their best interest to change this because IMO it is a fly in the ointment.
JB
>for alfatrading. care to explain that? were you
>paid for that test?
I don't follow your question. I have written very little about Alfa. I believe everything I have written (good and bad) can be read in a thread called "Chat Room Reviews" under the "Trading" forum (as Turok).
I have never written anything "for alfatrading". In fact, when I wrote what I did about them I had just started with them, was skeptical as hell and stated so clearly in my post. I have since become less skeptical and more convinced (three months will NOT win me over completely) of their value but until wwatson called them a "rip" (something I felt compelled to refute) have not said a word about my success with them (hardly the signature of a shill).
I learned of the site from comments on EliteTrader in Sep/Oct of last year, did my DD, paid my money, paper traded them, 100 shared them, 2/3/4/500 shared them and here I am. Was I paid for that test?...not by Alfa (I don't know them, they don't know me), but I have been paid handsomely by following the calls.
Let's be clear about one thing...this is not a site (like say Underground Trader, Mtrader, etc) where they can claim a bunch of success while the subscribing traders can't necessarily keep up(been there) . This is a site that they update only once per day and only issue on average less than 2 calls per day. You can input the triggers into IB (or other) before the market opens and never watch it again until the next day.
Have I found anything even slightly disturbing? Yes, one thing...
Let's say that a stock closes at $49.80. Alfa issues a long trigger for $50.25 for the next day. The stock gaps to $50.75 and climbs from there. For their accounting, Alfa uses their trigger of $50.25 as their accounting entry even though there of course is no way to get it until .50 later (if you decide to chase). I find that accounting method to be misleading (especially since it is not explained).
The above happens on less than 10% of their trades so it only has a minor impact on the actually achievable results, however I believe it would be in their best interest to change this because IMO it is a fly in the ointment.
JB
I am pleased anyway that you have become much wealthier off your site hahahaha