That is EVERY trade that has triggered from his list this month....not just the winners....ALL OF THEM. Each night he posts a list with speficic entry prices and targets and protective stops. I'm not saying that they all work out on the button, but nothing compares to what this dude does. If you look near the bottom, I did ADVP. It popped up a point from the entry....I didn't scale and it dropped....so, I lost on that trade. Again, this isn't tick trading...but position trading. If you have the inclination, go pull the charts of them all and see how they did for yourself AFTER they triggered.
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Don, whats the word?
- Thread starter Babak
- Start date
Am I the only one who finds it rather odd that all of these sites like "momentum", "Shortboy" and "Realitytrader" get so many people coming on with one or two posts under their belt, and the only thing they use the board for is to violate the terms of use and try to recruit members. I suspect that the site operators are the ones making these posts, probably since they can't make enough money either with their own trading or with their sites to do the right thing and pay Baron to solicited members. I'm starting to think these guys have the integrity of Al Capone.
not a site operator....just giving the chap some credit. To be honest, I don't care if he catches his meals at a "soup kitchen."
I do understand.... according to the records...
the guy NEVER had a losing trade or bad call
in his entire career... I note that in many of the
charts that the three day gains are left blank...
checking on a few of these it is clear that the
three day would yield a significant loss....
Since the entire strategy is based on breaking
resistance (rather than support)... which means all
the trades should be longs.... I will make
the assumption that anything marked as short
was really a losing trade....so let's take February 2002,
everything listed in red (a short) is a loser... this
means the strategy lost any person that followed
it a huge amount of money...
So in summary.... if a website expects to be believed
they better show a standard ratio of losing trades
and explain the money management rules they used
to minimize the losses.... otherwise the standard
"Snake Oil" stamp will be applied by the knowledgeable
trading community.
BTW... hurry up and sign up for $55 per month via
paypal..... so you don't miss out on any big profits.
- Greg
the guy NEVER had a losing trade or bad call
in his entire career... I note that in many of the
charts that the three day gains are left blank...
checking on a few of these it is clear that the
three day would yield a significant loss....
Since the entire strategy is based on breaking
resistance (rather than support)... which means all
the trades should be longs.... I will make
the assumption that anything marked as short
was really a losing trade....so let's take February 2002,
everything listed in red (a short) is a loser... this
means the strategy lost any person that followed
it a huge amount of money...
So in summary.... if a website expects to be believed
they better show a standard ratio of losing trades
and explain the money management rules they used
to minimize the losses.... otherwise the standard
"Snake Oil" stamp will be applied by the knowledgeable
trading community.
BTW... hurry up and sign up for $55 per month via
paypal..... so you don't miss out on any big profits.
- Greg
I seriously hope you're kidding. The picks colored in red are all short picks. You sound like Don Bright....bashing everything in site but his own garbage. Is this Don? Come on now...come up with something better.
To an extent I was kidding...
but if no losing trades are shown
and the tables are marked resistance
rather than support.... then you can only
assume that everything in red is a
losing trade that was meant to be
a long until it went south and was
marked as short (and converted to
the winning column).
BTW ... I don't sell diddly-squat and
don't work for a prop firm... I do tell
it how it is ... and SNAKE OIL is
SNAKE OIL until proven otherwise...
- Greg
but if no losing trades are shown
and the tables are marked resistance
rather than support.... then you can only
assume that everything in red is a
losing trade that was meant to be
a long until it went south and was
marked as short (and converted to
the winning column).
BTW ... I don't sell diddly-squat and
don't work for a prop firm... I do tell
it how it is ... and SNAKE OIL is
SNAKE OIL until proven otherwise...
- Greg
From the homepage, he lists a sample page of how it's all formatted. Unfortunately, no shorts on it to show:
http://www.momentumstockplays.com/Archives/101101.asp
From that, what is "snake oilish" about it? Pretty cut and dry to me.
I'm not exactly sure what the difference between "snake oil" vs "non snake oil" is. Maybe it is snake oil in its prime, but until I start losing money, I'll stick with it. Again, I'm new there.....only been there 2 1/2 weeks now.
http://www.momentumstockplays.com/Archives/101101.asp
From that, what is "snake oilish" about it? Pretty cut and dry to me.
I'm not exactly sure what the difference between "snake oil" vs "non snake oil" is. Maybe it is snake oil in its prime, but until I start losing money, I'll stick with it. Again, I'm new there.....only been there 2 1/2 weeks now.
it appears to me the reason there are no losing trades listed is that it is logically impossible with their method of recording performance. Every trade that breaks resistance/support is a winner by definition. at this moment the trade is now net positive and in the $$$$ and considered a winner if even only a nickle because the trader could have made $$$$ if he exited then.
i'll bet they don't call exits do they? they let that up to you to get out. what about it Alpine, do they call exits???
i'll bet they don't call exits do they? they let that up to you to get out. what about it Alpine, do they call exits???