Elliot Wave Theory

[Dazz]

I know of no room that can unequivocally show they trade liver $$$ in real time; rooms that show trades in real time trade sim $$$.

But I might add this: sim trading = cash trading in terms of execution; I have never seen a bias or difference between the 2; while sim is not real money, rooms that I am in and trade sim make a lot of great trades and IF taken with live $$$ accounts would have made the same.
Two rooms I am in for only a few months I am trading micros and it is a real hoot!

 

[SunTrader]

Haven't the foggiest idea what that means.

 

[SimpleMeLike]

I know of no room that can unequivocally show they trade liver $$$ in real time; rooms that show trades in real time trade sim $$$.

Thanks Dazz,

This is mind blowing to me. So are you telling me, traders are paying for a trading room watching and tracking someone who trades paper money?

That is not cool to me.

 

[Dazz]

consider this then:
1. there are 2107 "futures trade" rooms on my master list; only 31 actually trade, so 98.5% are sales rooms.
2. Since so few actually trade it must be really really hard but useful to watch - do you not learn dance by watching; same for piano, any kind of sports, etc. Most require some form of watching.
3. So now turn your attention to the 98.5% of rooms that are all vendor/no trader: what do you get to watch? You cannot learn what you cannot see. They do not trade at all; they make all their money off of you.
4. With trading based on sim, one room made $5380 last week at 3 contracts per trade. Because it is paper money it was not achieved? Sim trading is most often standardized at 1-2-3 contracts per trade. That is how you learn.
5. Remember: those that cannot do teach.
If you have a better approach I am all ears believe me.

 

[SimpleMeLike]

consider this then:
1. there are 2107 "futures trade" rooms on my master list; only 31 actually trade, so 98.5% are sales rooms.
2. Since so few actually trade it must be really really hard but useful to watch - do you not learn dance by watching; same for piano, any kind of sports, etc. Most require some form of watching.
3. So now turn your attention to the 98.5% of rooms that are all vendor/no trader: what do you get to watch? You cannot learn what you cannot see. They do not trade at all; they make all their money off of you.
4. With trading based on sim, one room made $5380 last week at 3 contracts per trade. Because it is paper money it was not achieved? Sim trading is most often standardized at 1-2-3 contracts per trade. That is how you learn.
5. Remember: those that cannot do teach.
If you have a better approach I am all ears believe me.
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Dazz,

Thank you for your effort of sharing this knowledge and resources and your input.

Your write up is very interesting.

Just to make sure I understand you very very well.

So, I pay for a trading room monthly (say about $100 per month), to watch/learn from someone who does not trade real money?

I am sorry, but I will never do that as it does not make logical business sense. Why would I want to waste time watching someone who trades fake money? Seems like a waste of time and money to me. Anyone doing this should be ashamed of themselves.

A better approach is to learn day trading on your own or buy Al Brooks Trading Course and seeking quality price action trading courses or even market profile.

 

[Dazz]

OK learn Al Brooks then; does he trade? Ever? What is his performance data? Any? There are thousand Al Brooks' out there waiting to take your money. Good luck;

Me - I trade these 2 robots everyday - they aver over $500 each per day for the last 7 months and have made $121,000 paper money together (

they trade paper and I trade $$$$ live. Just saying - learning to trade from person that does not trade is like trying to learn dance from a person that does not dance. Why start off with such a disadvantage? Might as well take driving lessons from the blind.

 

[SimpleMeLike]

OK learn Al Brooks then; does he trade? Ever? What is his performance data? Any? There are thousand Al Brooks' out there waiting to take your money. Good luck;

Me - I trade these 2 robots everyday - they aver over $500 each per day for the last 7 months and have made $121,000 paper money together (

they trade paper and I trade $$$$ live. Just saying - learning to trade from person that does not trade is like trying to learn dance from a person that does not dance. Why start off with such a disadvantage? Might as well take driving lessons from the blind.

Thanks Dazz,

Let me watch your video, then I will respond. Interesting youtube link.

You right about Al Brooks too. I do not know if he trades real money or not and does not show any records. You right, so I can not debate that.

 

[SimpleMeLike]

OK learn Al Brooks then; does he trade? Ever? What is his performance data? Any? There are thousand Al Brooks' out there waiting to take your money. Good luck;

Me - I trade these 2 robots everyday - they aver over $500 each per day for the last 7 months and have made $121,000 paper money together (

they trade paper and I trade $$$$ live. Just saying - learning to trade from person that does not trade is like trying to learn dance from a person that does not dance. Why start off with such a disadvantage? Might as well take driving lessons from the blind.

Thank you Dazz,

I like the video alot. And I will buying the 2 robots. Thank you.

 

[SimpleMeLike]

OK learn Al Brooks then; does he trade? Ever? What is his performance data? Any? There are thousand Al Brooks' out there waiting to take your money. Good luck;

Me - I trade these 2 robots everyday - they aver over $500 each per day for the last 7 months and have made $121,000 paper money together (

they trade paper and I trade $$$$ live. Just saying - learning to trade from person that does not trade is like trying to learn dance from a person that does not dance. Why start off with such a disadvantage? Might as well take driving lessons from the blind.

Dr. Dean Handley is awesome!!

 

[Dazz]

bots are not his - he just evaluated them very carefully.