Then can you tell me more if you know him already ? Because I had not read anything from him in the last years and I do not know how much my time it is worth to do all the (google) search here. And then it can have changed over time, especially recently too. I am not so interested in trading results over 10 years ago or something like that when I want to hear a kind of advise. There may be exceptions of course but I do not know AttoCEL. Thanks.
free in thread mentorship
- Thread starter AttoCEL
- Start date
Do not like the talking of daily goal of 1000%. He meant probably by risking 1% he is looking for a good trade setup or two to make with RRR of 10:1 or two times 5:1 probably 10% as daily goal. That would sound more proficient. Or did he say he only want to mentor beginner traders ?
Define talent and the criteria that you look for in a trader who has it.
Tom Hougaard has 2 free streams (one is for scalping and the other for Forex swings) on Telegram where he calls out live trades. He's using CFDs, trading European and U.S. futures indexes. For example, he'll trade the Nasdaq 100 for $200 a point with no chart indicators. Free mentorship. His most common trades are either at the edges of trading ranges or breakouts.
For stocks, you can watch Ross Cameron on YouTube during his free pre-market live stream. Ross Cameron...front-runner extraordinaire. Can't put that one on Hougaard as CFDs never enter the ma
Just examples of trading mentors that you get to see how they react in real-time.
Oh, there's also Kris Qullamaggie, a huge size stock swing trader who streams (occassionally) on Twitch. You can check out two channels on YouTube from his past streams and another where one is a fan who has condensed his commentaries. He won't show live entries and exits but you'll get a good mentorship on his style of trading.
As your own style develops and you become a highly profitable trader, the main difference from the above examples and you is the size of a trade you're willing to take.
For stocks, you can watch Ross Cameron on YouTube during his free pre-market live stream. Ross Cameron...front-runner extraordinaire. Can't put that one on Hougaard as CFDs never enter the ma
Just examples of trading mentors that you get to see how they react in real-time.
Oh, there's also Kris Qullamaggie, a huge size stock swing trader who streams (occassionally) on Twitch. You can check out two channels on YouTube from his past streams and another where one is a fan who has condensed his commentaries. He won't show live entries and exits but you'll get a good mentorship on his style of trading.
As your own style develops and you become a highly profitable trader, the main difference from the above examples and you is the size of a trade you're willing to take.
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Well, @maxinger you clearly not humbled yourself enough to be worthy of reading in between the lines of inactivity
If only we could just ask the right questions, we too could attain such “whatever this thread is not not about”
See me forced to comment your post, because I cannot leave it standalone. Only the last one is really legit. Tom H. is very probably frontrunning. Have you seen his average trade net profit on DAX or on other indices ? It is only about 2 points. With so many (tens of thousand) subscribers on his telegram channel I would assume it is because of his subscribers, that enters the trades too and cause 2 point move. I see no real edge here. It really looks like to me that his whole edge from chart reading only comes from his telegram channels and his subscribers (with some of them) might be following him. Because the average profit is by far too small. And Ross is kind of scammer I would say. He is manipulating his followers by frontrunning them. So not a good advice I must say.
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If you have 0% chance of affecting the next bid/ask coming into a market then it is impossible to front-run anyone. CFDs are private bets with your broker (aka bucket shops). It doesn't matter what the size is. They don't and can never move markets. I would argue though that even if Hougaard directly traded futures contracts, his "piddly" $200 per point is nothing compared to the size the institutional traders are collectively using. Al Brooks is 100% correct. Ticks in the futures change prices because there is an institution willing to take the other side of the trade you want (as you are also joined by other institutions willing to take your direction). The at-home trading crowd is a mere flee on those dogs.
I also agree with Brooks, using Handle123 on ET here as an example. He has said in the past that if you can take on a cumulative ES trade in the 100's of contracts you would be considered an institutional-sized trader (e.g., Handle123).
Meanwhile, Cameron IS front-running because he has 1000's of followers entering trades after his in a real market of stocks with very low floats. Easy for him to get 10 cents in and out based on that. Not all of the time, but certainly his fair share which makes it worthwhile. I would argue though that the profits from his trading is tiddly winks compared to the 10's of millions he rakes in from his subscribers. In a sense, his trading is more like advertising for the big money-maker that is his trading education biz.
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Tom H. is not trading the SP500 contract, only the much thinner liquid DAX, FTSE and DOW. It is easy with 20000+ subscribers to move those markets a few points, when he makes a call. He trades with 200 pound per point as value, that is already more than 8 full futures contract for the DAX. With some people together from his channel, a 100 contract moves the market a few points here, because the DAX is not that liquid. Same for FTSE and Dow. That is why I do not believe he has an edge except (front)running his telegram channel with it. That may be also the reason why it is free for all, because when someone enters with real money in the same direction as Tom, in the end with the sum altogether that makes he tiny profit. From what he is trading and how he is doing it and I cannot believe there is real statistical edge here.
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Is AttoCEL not there or why he is not answering within a few days ? Must be that busy that he cannot look and give some answers, hmm...