BestDayTrader Q&A

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my 2 cents.

Any newbies should be looking for help from a site that says they will:

1) Help you not loose your capital
2) Help you not make the standard newbie errors
3) Keep you viable while you learn a method suitable for your personality.

Methods are like eye glasses, what works great for one person....

Why not try it for $200? I would rather take a couple of stops on trades. Better risk reward IMO.

Oh BTW, Quah, WRT:
"Aren't the words "impossible" and "potential" mutually exclusive? If it is impossible to take all the trades on the buffet, then the potential is not really there, is it?"

Actually there is a formal proof in modal logic done by S Kripke done in the 60's showing so :D Furthermore, all things are possible (potential). Hence that something is potential is a vacuous argument.

Lastly, Anyone who day trades, esp with tight stops and limit orders knows that there are many setup that ARE NOT tradable because the entries and exits are not possible once the signal is determined. The entry and the exit, the latter more so, are critical to trading. Anyone who does not recognize that is not being realistic. Furthermore to makes claims based on paper trades are just that paper claims.


--Cheers.
 
I believe all relevant questions were answered. Please review the thread fully. Any matter that was not addressed by us is irrelevant and does not pertain to the purpose of us being here.

And so we are all clear on one thing, TraderBrad (whoever he is) is not associated in any form to us and has never been.

Let's try and keep this discussion constructive. Already there are people who noticed it has gone off course.

We didn't sponsor this forum for it to become a joke. And if we didn't have valid claims, we would be here either.

If you are truly a crusader interested in helping the innocent, then prove us otherwise. Go to our website, sign up and judge for yourself.

:D

"Put your money where your mouth is."
 
Quote from BestDayTrader:

We didn't sponsor this forum for it to become a joke.[/B]
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Avg points per day:
18
Avg profit per day:
$17884.842

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Oh really?
 
I wanted to check out the day trading stats.

I clicked below the box.

where I find myself is on a page but i cannot get to the facts on day trading stats.

Can someone give me the click sequence to get to stats.

My questions are?

1. 18 points in what market?

2. What capital gives the amount that is made?

3. Is there anything that decribes what happens in a day?

Thanks in advance.
 
Quote from BestDayTrader:

(Sigh) BSAM, I believe we went through that already. Please review.
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Well, sigh, why don't you remove such incredible nonsense from your website?
 
I tried the swing service for 2-3 months last year. I wasn't sure about the 90% claim but the fact that the results only accounted for 20% of potential profits made me give it a shot. I placed an order for every trade during this time period. My results - less than 50% winners and overall net loss.

While the advertising and claims may not be misleading, they have the potential to create unrealistic expecations particularly among newbies.

A few observations:

1) I didn't know about the stop loss method until after I signed up and emailed Best (5-10 cents).

2) Sometimes I didn't get the entry price bec/ the price moved away too fast. Using stop orders, you might get filled far away from entry.

3) Sometimes, the 5-10 cent stop is hit several times. Do you keep getting in? I don't know and wasn't told.

4) When to take profit - at the high - how do you know that's the high? Don't worry I scaled out but my point is the exit is the result of hindsight.

5) Lastly and the most frustrating point, how can this be swing trading if I'm stopped out in 2 seconds?
 
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