Best live trading room on the net?

Anyway, not trying to be an annoying basher. Just trying to make a point, which has been validated, that it is impossible to know if the traders at said website are actually profitable traders. I happen to find that to be a very important piece of information.
 
dbphoenix said:
I doubt it's the same guy. Unless he's a complete loon.

Either way, the content is sound: if you can't see the guy's chart along with his entries, management, and exits, "ChartTrader"-style, then you're in the wrong place or looking for the wrong thing. Or both.
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Ed Abreu, same guy. I thought he appeared legit too till I investigated his posted trade logs and things didn't make sense at all. Later I read that thread at BMT. Very sad.

Normally, a day trading guru will teach some sort of method. If you look at the trades on a chart there's some sort of logic to it if the trader's legit. As a beginner in a chat room, I was able to watch Geez trade day in and day out. He called his trades in advance based on a certain tactic. Robert Weinstein did the same. He had a method and he didn't cheat even if price came within a tick of a fill. I also had the chance to follow PABuster's trading for a while via Skype and I totally understood what he was doing (advanced price action concepts not too different from some of the stuff I was doing). In all these cases, I understood their methods. There were rules and logic to the trades.

Now, when I looked at the trade logs from Ed's site, there was no consistent logic to the trades. Sometimes risk was very small, sometimes way too large. Entries made no sense at all. That seemed really, really weird to me.
 
NoDoji said:
Ed Abreu, same guy. I thought he appeared legit too till I investigated his posted trade logs and things didn't make sense at all. Later I read that thread at BMT. Very sad.

Normally, a day trading guru will teach some sort of method. If you look at the trades on a chart there's some sort of logic to it if the trader's legit. As a beginner in a chat room, I was able to watch Geez trade day in and day out. He called his trades in advance based on a certain tactic. Robert Weinstein did the same. He had a method and he didn't cheat even if price came within a tick of a fill. I also had the chance to follow PABuster's trading for a while via Skype and I totally understood what he was doing (advanced price action concepts not too different from some of the stuff I was doing). In all these cases, I understood their methods. There were rules and logic to the trades.

Now, when I looked at the trade logs from Ed's site, there was no consistent logic to the trades. Sometimes risk was very small, sometimes way too large. Entries made no sense at all. That seemed really, really weird to me.
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ND,

Can I email you? I tried to PM you but it seems your PM's are off.....
 
Thank you to dbphoenix for his great post.

dbphoenix said:
Trading Rooms/Chat Rooms

by “edabreu”
View attachment 154472​



After more than 5 years' full-time trading and about 100 trade rooms later, ...

...then even if you join any trade room, remember to look forward to the day when you can graduate and trade independently, consistently successfully, and live off the profits of your hard-earned accomplishment.

--edabreu
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'why do you need a trade room?'I trade on my own futures and stocks and I do not come in chatroom to look for alerts (ready to use trades) but we always need to learn, to improve and ... to benchmark.

LIVETRADERS vs WARRIOR

dbphoenix's criteria :

'Number one - You must be able to see the moderating trader’s charts in real time.' : Livetraders.net = YES vs WARRIOR = YES for day-trade NO for swing

'Number two - You must be able to see the trades entered in real time either through the moderator’s order dom or chart trader or some method where it is apparent that the trade was entered, filled, and managed.' : Livetraders.net = YES vs WARRIOR = NO

'Number three - You must be able to follow the trades, or at least most of them. This issue gets a bit difficult in a fast market and may need some adjusting.' : Livetraders.net = YES vs WARRIOR = NO

About WARRIOR : primarily interested in the swing, I have a mixed review. Swing-trades are announced after the facts ; either you have to chase or you will be filled at the entry point with more chance to be in a losing trade.

I find, after all, the list of potential swing qualitatively worthwhile but I am no longer subscribed because the criteria interest me more than the resulting list.

About LIVETRADERS : everything is transparent, no doubt about what these guys show.

You must keep in mind that the sizes of their positions are significant and there are several simultaneous at the beginning of the session
ex : yesterday on July,13 - 9:40am 6 open trades = 670k - 9:45am 5 open trades = 780k !

Interested by their PTS course but I will not put 1,5k in
I continue to do my homework every day with all my materials (I have many), charts, my software (MC) and my little brain !

Have a great week ;)
 
BlazeTrader said:
Mooktrader does throw out some decent ideas..but its mainly bottom picking and top picking type setups on overbought oversold stuff...i like the ideas, But i think its a bit arbitary the way he keeps adding to losing positions, no fixed loss and have to take a lot of heat..

I found out what those ex-pristine moderators are upto now as i attended their free open house they did this week and signed up at www.livetraders.net chatroom . So far loving it and love their transparency etc
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Hey Blaze, I wanted to thank you for the tip on these guys. I attended the free open house and signed up. They are legit and not outrageously priced. They also seem like good guys. Thanks again.
 
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