BestDayTrader Q&A

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When will vendors learn that they should just place their ad, and not come to the forums and post? First TraderBrad, now Shay.

How does that saying go:

It's better to keep your mouth shut and give the impression that you're stupid than to open it and remove all doubt.

-Rami Belson
 
You're elected, Sanjuro. Let us know how it goes.

Quote from Sanjuro:

For only $250 a month, you make make 17k profit potential a day.
How cheap can you guys get when you say $250 is risky.

That's like a 1:68 Risk / Reward ratio.
And you get to eat the buffet for a whole month!

Just pay it, try the buffet and decide if it's worth it
if you choose to continue to subscribe.
And don't forget to let us ETers know how much
of the buffet you ate.

Good Luck!
More...
 
Quote from Shogun-Trader:

H

Quah, our traders are able to pull out between 1% and 5% on their risk capital per day, regardless fo account size. It is impossible for them to trade all of the trades on our buffet. They have to be satisfied with ONLY 1%-5% per day:)
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really ? i'll hire you in a second to trade for my fund ( with profit sharing ) if you can document consistent 1-5% per day.

surfer :)
 
Quote from Shogun-Trader:

Sounds like you need some help trading and understanding breakouts.

We trade very liquid stocks, most have spreads of less than 5 cents. I could show you how to minimize your risk on your trades if you wish.

The logic I was refering to is the logic we teach our traders.
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because i have experience trading/ backtesting breakouts and know what the actual probabilities are.. then i need help trading/understanding them? that makes no sense.. you are the one with the illusion of a 90% hit rate with a tired old idea.. do you even trade?

on breakouts you will get many stops with the idea you posted about taking the trade, stopping for .05-.10.. then taking it again if it tries again.. thats why the probabilities increase if you wait for an actual break.. in that case, you are getting in late.. at 20.15 instead of 20.00.. and you cant place your stop for .05-.10 anymore because breakouts often retest previous resistance levels (and often poke below to chase weak hands).. so you cant have such a small stop if you wait for the break..

whats sad is that people like you dont just rip people off for a couple hundred bucks until they figure out your scam.. ive seen people lose half their account using methods that dont work that were taught by sincere sounding chat room operators.. then there is so much financial/emotional damage done that its hard to pick up the pieces..

-qwik
 
See Qwiktrade, we could have had an educational conversation about the merits of breakout trading, then you go and call us names. What does that say about you? Are you that frustrated that you have to resort to name calling? Have you no manners at all?

I am sorry you have been burnt by breakouts. As far as I am concerned, every trade, every bottom or top starts with a breakout. That initial burst of momentum, on what ever time frame it is on, even if it is much shorter term than you are seeing your trade, is still a breakout.

Breakouts allow for bursts of momentum, separation. The further your trade is within the first few seconds of entry, the better off you are. If you buy at 20 and 3 seconds later it is at 20.10, it is much easier for you to hold your stops.

Separation, the initial burst of momentum, is one of the keys to maintaining great win/loss ratio. It is so much easier to manage a trade that is well in the money as soon as you enter.

I dont know about you, but that is how I like to trade.

Our traders learn to use techniques that allow them to catch that initial momentum. I do live trade demonstrations showing exactly how to catch that momentum.

Maybe you just need to learn how?
 
OK since I'm new can you explain stops for me I'm assuming breakouts happen right when you buy the stock and exits is when you sell it right? Well if I'm right so far how do set up your stop and you exits. I'm using market orders now. Is this the right thing to do? One more thing I own 70 shares that I bought on the Naq and I bought it at 2.03 and right now it's around 2.10 so that means I'm plus 7 cents you with me so far well my Rt is $14 on a market order $7 each way well I figure it has to hit 2.23 for me to cover the R.t and anything over that is profit. Well I understand from the books I have read and I'm reading that you should buy them large lots like 1k or more at a time so the market only has to move a little for you to make money because your buying in bulk is this correct. Finally is this the right method I know everyone has a method and I'm working on mine because I'm fortunately to own a computer company and I sub contract alot of my work out to a friend of mine so I have alot of time to watch the market which I do from the opening bell to closing bell and I read the paper every day and I watch CNBC from the time I wake up until the 4 o'clock I just want to know if I have the gist of things you know the right idea.
 
Quote from Shogun-Trader:

See Qwiktrade, we could have had an educational conversation about the merits of breakout trading, then you go and call us names. What does that say about you? Are you that frustrated that you have to resort to name calling? Have you no manners at all?

I am sorry you have been burnt by breakouts. As far as I am concerned, every trade, every bottom or top starts with a breakout. That initial burst of momentum, on what ever time frame it is on, even if it is much shorter term than you are seeing your trade, is still a breakout.

Breakouts allow for bursts of momentum, separation. The further your trade is within the first few seconds of entry, the better off you are. If you buy at 20 and 3 seconds later it is at 20.10, it is much easier for you to hold your stops.

Separation, the initial burst of momentum, is one of the keys to maintaining great win/loss ratio. It is so much easier to manage a trade that is well in the money as soon as you enter.

I dont know about you, but that is how I like to trade.

Our traders learn to use techniques that allow them to catch that initial momentum. I do live trade demonstrations showing exactly how to catch that momentum.

Maybe you just need to learn how?
More...

Shogun-Trader,

I know you are a good trader and you know what you are talking about from above. And I am sure you have 100k capital for trading. You might as well trade for yourself averaging 1-5% a day and, in 3-4 years, you will be sitting on a cool $185388282, compounded, as computated on your website.

http://www.bestdaytrader.com/swingtrading.php

Why do you waste your time on the cynics, skeptics, frustrated/narrow-minded losers, and idiotic flamers on ET? Isn't it just better to take $$$ from their account--maybe easier than to convince them?

The Hassle/Reward ratio is just not worth it.

Unless you don't believe in yourself....

tc
 
Excuse me dumbass but if you read what I said and you could actually do some math and you could even use your fingers and toes if needed I'm still in the negative and I wasen't even talking to you so go @#@# youself
 
For some reason Shogan's post has been removed but he stated that he DOESN'T TRADE his calls.

and Quah asked a specific question "How much capital do you need?" 3 million or 30K is a big difference.
 
Hello LiL "C",

With all honesty, I really recommend that you dedicate your time to learning how to trade. Your money is better spent on some books. I recommend some great ones on my site. You really should not place any real trade until you have more money in your account. As you said, the fees alone will eat you up. Work on building a solid base of education before you waste your money. Hope this helps.
 
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