I knew this would happen!! Criticisms after criticisms without any useful information!!! And what more? OFF topic posts!!! This is why I specifically request for those that are NOT members of a trading room NOT TO POST!
In my vague attempt to get this thread back on topic âLIVE TRADING ROOMâ! Here we go.
As I have stated on my very first post, I have been trialing the room at thetradingauthority for one week. They then sent me an offer to join them for an extended week (all free of charge). I really enjoyed my experience there in the room. Todd Brown, the traders mentor teaches me a lot of thing while Iâm in the room. He profound on trading psychology which Iâve believes it be of significance important topic in trading, profitable trading that is. The live video is excellent as you are able to see Toddâs trade setup live as he speaks. I have further discovered that Todd have about 6 trade setups under his sleeve to suits individual traderâs style of trading (you will them learn by taking the 6 months course, which Iâve intended to take). One particular technique Todd uses is certainly something to learn. That is the combine used of Gartley patterns and the Fibonacci retracement. In short, the experience there was educational and certainly enjoyable. The live calls were made with an attainable profit targets and the stop loss are at a livable level. Approximately 2 points scalpers with 2 points stop loss on the ES, with scaling technique for money/risk management. (Overall they are statistically profitable and this is what important).
Ok, I have also trialed the live room at LBR Group. Theyâre text based chat room with live video of various set up (different tick/timeframe etc). From my experience as a novice, I did not find it as educational as thetradingauthority. And when the market were flat (not much action), there were not many messages from Linda/Chris, actually not too many messages through out the day (I was there for only 3 days so could not say further). However, the open chat room is full of experienced traders calling out of their own trades which I found GREAT. You can learn a lot of the members there alone. Therefore it came to my conclusion that LBR Group is designed for more advance traders. The traderâs community in the room I found was friendly and always willing to help each other. A definite enjoyable - chat, observe and learn of each others while you trade, type of service. I would definitely join them once I become a master trader!!
I have decided not to trial other live chat room services at this stage based on my experienced at LBR Group. That is, I personally did not enjoy the text based chat room. I would have missed a lot of live calls while I concentrate analyzing charts! And for Pure tick, although voice and text based, I have decided not to trial their service based on the trade strategy they employs which I believe wonât fit into my risk profile. I made the assumption observation of the chat logs, which is mostly scalping 3 points on the DOW with 15 points stop loss.
Iâm also happy to announce a new premium room service at livewithoscar.com. I have been following his daily video and he is certainly enjoyable to watch. The live trading room is in a construction stage at the moment and hopefully will be in operation by tomorrow. This may be too late for me as I am most likely to join Todd at thetradingauthority. I cannot give further review on Oscarâs live room service at this stage as theyâre not yet available.
I hope my post would be of useful to some extent for other novice traders like myself - looking for help to start off their career as a trader. I would also like to ask the others to stop the crap talking about one another. Please start a new thread for that, it has been a waste of my time and energy in the past on searching and looking for relevant information but search returns were nothing but negative judgments and energy drainers. Hence I started this thread, so please donât let this turns into another thread of selected targets of destruction.
Best of luck!
KiwiRoo.
