BestDayTrader Q&A

Status
Not open for further replies.
Balba,

Please re-read my text. Would make it a lot easier. I said that we teach our chat room memebers how to come up with their own stops. Most keep their stops to 5-10 cents. It helps us focus on finding more great trades for them, instead of managing their trades for them.

Our goal is for them to become independent traders, but still part of our group. That can only come with education.

Is it convenient? Sure, makes trading more profitable for them.

When you paste in lines from our log, please include the date:)

That was probably a sector wide trade. ASKJ YHOO and AMZN were coming down and EBAY was not. I think, if I remember correctly.
 
Where is our Snake Oil due diligence man?

$17,872 a day AVERAGE?

LOL

When you click on the "Trader's Wanted" link on his website it links to Alliance Investment Management!

Licensed by the Securities Commission of Jamaica !

YA MON!
 
Shogun-Trader -

With regard to your potential amount of profit per day - what stop-loss method was used when calculating that specific amount?
 
Quote from Ebo:

Where is our Snake Oil due diligence man?

$17,872 a day AVERAGE?

LOL
More...

Ebo, haven't you read the thread? Not everyone (or maybe anyone) eats everything at the buffet.
 
Quote from Shogun-Trader:

Indahook, we don't trade for people, we help people trade. My record of helping people to trade is right on the site. You are more than welcome to go through it trade by trade.

Quah, I will let my advertising people to take care of that.

Trapper, yes, we do provide specific entry points. As fasr as the stops, I have a slightly different philosophy on stops than most people. I believe in very tight stops. I am either right or wrong, not much in between. I would rather take many very tight stops than one large stop.

In the Swing trading service, we actually post the stops for people. In the day trading service, I teach my guys how to come up with their own stops.

Ikh, I understand this is tough group:) Most people that have been around this business long enough are. Again, our service is not a money management service. We do not trade for people, not a hedge fund. We train people, help people become better traders.

If you want proof of that, we post EVERY one of our logs. You can see what people say about us all day long, everyday.
More...


actually i was on your service for a few months a couple years ago. at that time the system was basicly a breakout from consolidation play. never made any money with it. the problem is when the call is made buy over 20 where do you get filled and when the breakouts fail as about 50% of them do were do you stop out.
without actually trading these calls with real money the results are decieving.
here is an idea. open the room for a week to all elite traders and show us your stuff. surely the potential for many signups is worth the hassle of one week of a free trial.
 
Shogan please re-read my post as well I said it is very convenient not to include a stop loss when you run a chat room.

How can you claim a potential profit without showing a stop loss. Let me guess it gives you a convinces to get out at any time.
 
Hey Balda - why don't you let the guy answer the question(s) posed to him instead of making accusations and claims that you have no real proof of.

For example - at this point in the debate, it's really irrelevant if he trades the calls or not - he hasn't said he does.
 
Hello Ikh,

Please private message me your name, so I can remember who you are.

balba, we are assuming our normal stoploss of 5-10 cents per trade, as is being taught to our traders.

Do you have any more educational questions? I am not here to answer flames. More than happy to help and share.
 
Status
Not open for further replies.
Back
Top