Chat room reviews

Status
Not open for further replies.
Threei

Thanks for the educational post. The videos sent in the email
and the ones I have watched on the RT site are educational
in a real sense. After your post, I now know better what you
mean by "Trade what you see, not what you think" There is
a lot of wisdom in this phrase. There was a time when I used
to do the opposite! I would miss a stop. Not anymore. I like
to take stops. Lets me know I didn't let the stock run on me
in the wrong direction! :)

I like the way you have analyzed the 5 setups.

Also liked the article they had in ActiveTrader about how you
turned your trading around and became successfull.

Best regards also

P.S. Protrader1, go check out some of the free videos on the
 
well, it was more like over 50 cents, but that's not the point. Did you read comments in the room as stock reacted? monitoring of the movement, stop trailing, partialling out etc?

BTW, part of comments got lost when we transferred the site to new server, and unfortunately exactly the part going over reasons for entry. I will see tomorrow if we saved backup and will let know if we can restore original look of it.

Best regards,

Vadym
 
OK, threei, i thought the main point was to demonstrate tape reading methods that provide a propitious entries, but as you stated that portion was inadvertently excluded. Sorry, that's what i was focusing on and when it didn't come to past i was a little perplexed as to the purpose of the video. Yes, I did see the other points you mentioned develop in real time. Thanks.


ProTrader1
 
Thanks for the great (and frightfully "frank") responses to my requests for chat room evaluations. I have done some site specific research already, and now need to clarify a couple of items and ask if any chat room wants to offer a rebuttle (no sales pitches, please "kind of ironic, huh?")....But first.

"MTrader" = 1. Millenium Traders (Thunder & Lightning). 2. Momentum Traders. ??

"UTrader" = Underground Trader.

"Dtrader" = 1. Daytraders Online 2. Daytraders USA.

OK, now to all who may be involved with a "stockpicking service" "chat room" or any trading related site that would like to be included in a simple quantifiable review. I will be taking into consideration several factors including, but not limited to: 1. Success rate 2. Reality vs. Papertrades 3. "owner/Operator" real trade involvement 4. Site cost 5. Overal usefullness

I will also check out their visuals, user-friendliness, and a few other subjective items.

I would also like to have additional sites suggested for review (with your initial comments or without).

Since elitetrader is a purely objective posting board only, and thereby not involved in this review, I will be glad to mention where some of the ideas are coming from....so, Baron, if you have some thoughts on this let me know.

Thanks again to everyone...
 
I answered you via private message, but for the record, I am just updating some earlier research (a couple of months back) for a magazine article.

I appreciate the input from everyone.
 
THE WORDS RISK ,REWARD ENTRY,EXIT REALLY CAUGHT MY EYES. I noticed that those were also mentioned in Don Bright s well written answer in TEK ANALYSIS OF STOCKS MAG,DEC,2001.
Math majors ...............pro traders likeTONY OZ might not use them,but many do including at least two traders in Jack Schwagers books use them, them being multiple moving averages.ALAN FARLEY S MASTER SWING TRADER BOOK called them I believe M A R=moving average ribbons You will notice on a a 5 or 10 day candle chart how rewarding close to the m. a. line entry can be. AND how risky enteriig high above the m. a. can be especially looking at many candlecharts especially if your time frame is 15 minutes or more with good volume LIKE to use 4 different colors on 4 different MAR keeps clarity,order Perhaps a reason this old help works ,still does,more often than not is there are at least 3 different , 20 period moving averages and also we substitute a 21 period moving average.Educated trigger finger can prevent some not all whip saws ,in a flat market! ALSO HELPS ID SUPPORT RESISTANCE,MOMENTUM...STILL LIKE TO EXPERIMENT WITH MY OTHER MOVING AVERAGES BESIDES THE 20 PERIOD M.A
 
WENT LONG ON PDLI THIS A.M 5 minute candle chart above one of my 4 moving averages, good volume.That live cat started to go dead at the 20 0r 21 moving ,PULLED THE TRIGGER ON THAt

DEAD CAT, MARKET ORDER PRESERVED THAT 20 CENT PROFIT but more important that 20 or 21 period moving kept that dead cat from eating capital
 
Murray, if you would like to begin a thread posting trade examples, you would be more than welcome to do this. On this thread however, let's please not stray into that territory and get ourselves back on track with feedback on traders successes (or lack thereof) in the various chatrooms.

Thanks

JB
 
Status
Not open for further replies.
Back
Top