BestDayTrader Q&A

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Well, the website does say things like "Our traders adhere to strict risk vs. reward ratios. We always aim to gain at least seven times our risk on every trade. If the potential reward is not seven times our risk on the trade, we look for the next perfect trade."

Maybe the "secret" is in their $398 video or the rest of the education package - I don't know. Just trying to keep an open mind (until it's time to shut that sucker down again :) )

Perhaps we'll find out this afternoon, after the market closes.
 
Quote from keeptradin':

Doesn't look like BDT is coming back. :( I guess they decided over the weekend that it's not worth the grief to defend themselves here on ET. It's too bad, because they stood a good chance of gaining quite a few subscribers, if they could have done a bit more to win over this forum. Oh well, we can always read their logs, and think of what might have been. :p
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This is because they have been caught lying.. what else can they say? we cant really expect them to come here and defend their nonsense.. and of course there is no proof for them to show.. besides, they are probably too busy picking their perfect bottom to follow the thread, what with the market open and all..

-qwik
 
"Doesn't look like BDT is coming back. I guess they decided over the weekend that it's not worth the grief to defend themselves here on ET. It's too bad, because they stood a good chance of gaining quite a few subscribers, if they could have done a bit more to win over this forum. Oh well, we can always read their logs, and think of what might have been. "

I have been receiving legitimate interest from many of the people who are able to read beyond the verbal attacks posted on this thread. I am busy responding to their legitimate questions.

Because we are not open on weekends that doesn't mean we are gone from the forum. It is just the weekend. And during market hours Shay is busy trading.

We have said all we needed to say here and have answered all the valid questions pertaining to our services in several threads. I realize that Quad and others may not like the answers to his questions, but we are not going to change them to please him or win his support. The truth is the truth!

I don't take the bashing and verbal abuse directed to me personally here. That would not be professional on my end. It just displays one's maturity level.

If you are interested in giving us a chance (we are not going anywhere) then contact me directly and I would be more than happy to answer your questions. Our number is 845-621-4579.

Again we would not be here (knowing that we would come across the elite traders assassination mob) if we didn't think that our service was creditable.
 
Quote from BestDayTrader:

[B...I realize that Quad and others may not like the answers to his questions, but we are not going to change them to please him or win his support. The truth is the truth!
[/B]
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Please stop making it look like you answered the questions I asked. The truth is you never answered the two questions I asked. If you did, could you please point me to the location(s) of the answer(s)? Again, I'll repeat the questions still outstanding:

My first question is what is the required account size (buying power) needed to be able to actually trade each days calls in order to achive the return you are showing on your website. I realize you don't "have" to take all the calls - but thats not what I'm asking about. If I took all the calls you show in that table on your website (on 5/10/2004 there were 39) - how much buying power would I have needed to take all 39 of those calls?

Or, the same question in a different form - on 5/10/2004 the table shows a potential profit of $20,910. What % return does that $20,910 represent?

My second question was a request for you to help me find (as you suggested) some of those 39 trades in the chat log for that day. I was interested in seeing a winning trade and a losing trade from those 39 - in the chat log. I can't seem to really figure out how to find them.
 
Shay,

Thanks for coming to ET and taking some abuse for it. Here's my question:

If I can attempt to summarize what I read on your website and your statements here, as I mentioned in on of my posts, you say that in your daytrading chatroom you post real time signals with the following, more or less, characteristics;

- they are actionable (traders have a few seconds to enter);

- they deliver the possibility of a decent gain with equal or smaller risk (eg, 10-20 cents or even more gain with 5-10 cents stoploss);

- they do that with a probability of success of about 90%;

did I get this right?
 
Quah,

As we mentioned before, I (karen) do not answer questions on trading. I am not a broker but Shay will be more than happy to address them once he gets some free time.
 
Quote from BestDayTrader:

Quad,

As we mentioned before, I (karen) do not answer questions on trading. I am not a broker but Shay will be more than happy to address them once he gets some free time.
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Karen-

I don't think this question has been answered - if so, please tell me where:

If you do not give exit signals (call exits), how do you calculate the figures you post? 90% profitable, and $XX possible? You have to base those numbers on an exit, right? So, something does not make sense - either you do or don't call exits. If you don't, then you have no basis for posting these numbers. If you do, why not keep a running spreadsheet of entries and exits for ALL calls?

Thanks in advance for your answer.
 
Thanks BDT for the clarification.

Just to make sure - you do realize that most of the questions are not specifically about the trading in the room - they are about the trading results posted on your website for each day - and how those results were calculated.
 
Quote from newtoet:

Karen-

I don't think this question has been answered - if so, please tell me where:

If you do not give exit signals (call exits), how do you calculate the figures you post? 90% profitable, and $XX possible? You have to base those numbers on an exit, right? So, something does not make sense - either you do or don't call exits. If you don't, then you have no basis for posting these numbers. If you do, why not keep a running spreadsheet of entries and exits for ALL calls?

Thanks in advance for your answer.
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Karen - this is not a specific trading question at all. If you guys would answer it, a lot (not all, but a lot) of the problems here would go away.

But, to reiterate, it is not a specific trading question - it is about how you calculate and advertise your services.
 
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