keystone trading group

Bump.

Watched two of their webinars and they seem legit, although the webinars were very vague - nothing really new - but anyone soft spoken enough can pass for legit...
Looking for someone who trades (traded) for this firm to share good and bad experiences...

Their initial 5K seems ok - low commish and it seems like they put the emphasis on teaching you to not lose money as the number one thing, and keep watching you on a daily basis to make sure you don't blow up...

All my setups are low risk trades that take lots and lots of patience, trading off of support resistance levels with a core position and scalping ranging instruments.Stop losses are usually 5 ticks from entry on low priced ($15-$40) stocks...All this produces tons of trades per day - 75-100 plus roundtrips on a busy day - 25 or so on a slow day hence the need for low commish....

I was also looking at cy group but I don't think they offer training.

On a personal level I would rather like some mentoring and a virtual trading room, for further education and ideas....

Tried T3 Live for a few weeks and was impressed with the amounts of trade ideas that I wasn't seeing and those guys had those trades on a platter....
 
Oliver Velez now charges 12k for a week of training, 9k upfront, the rest by installment.

Your 12k is gone for good even if you didn't lose a penny trading for him. Besides, you daily stop-loss limit is $30 after you paid 12k for your training.

There is stories/rumor about his front-running his best traders.
 
Signed up today and went through some of their class.
Love the risk management and also the way the class is built...

They have what seems to be very tight stop losses, but based on what I've seen so far in the class, you would need at least 5 losing trades in a row to get knocked out for the day...Again, like every trading system they are all about discipline so that makes perfect sense....

I have been sim testing a few strategies with success and decided to finally get my feet wet - I know I still need to tighten my discipline, and such an environment should help me achieve that goal - and since I don't have 25K laying around this is the only way to get into the real world.

I will occasionnally chime in and report how things go.

Also, please do not try asking me what is taught in the class, if you're really that curious then spend the money and sign up.
 
Quote from carden:
Platinum - less shares for larger moves - Cost 5K, trader have no risk, trade their capital, split 80/20, cost of shares is $2.50/1000 shares.

Premier - more shares for smaller moves - basically scalping - cost 5K, trader have no risk, trade their capital, split 50/50, cost of shares is $0.20/1000 shares.

Both Premier & Platinum include the basic course - Equity Trader 101 ($2495 if taken separately).
More...

i believe the EquityTrader 101 course has 16 chapters and is geared towards the Platinum style of intraday trend trading. i'm not sure if there's a separate course for Premier micro-scalping style. additional fees is the $180/mth for Sterling Pro platform.

the ET101 course can be purchased at $1,495 delivered through multimedia presentation over 280+ slides. comprehensive for those who doesn't have a proven strategy yet, and wanted to know what they teach. does not mean u will make money right away, but the core "training" materials are complete at this point.
 
Quote from Diego11:

It seems that with the exception of Kreshner all of the firms that do not requiere a Deposit requiere a Training Fee.
More...

A training fee is gone before you even begin trading. A deposit, I assume would be refunded to you if you leave w/o a negative balance to the firm.

I looked into the Keystone "enrollment fee" of 5k - you forfeit it if you stay with the them beyond your 2nd week. You won't get any refund even if you have not lose any of the firm's money.

Swift & Title has no such fee requirement. They are Canadian firms. I like to know they have branches in the USA or if any Americans had worked for them.
 
i'm hoping a current Keystone prop trader is reading this ......

i understand that the is a Platinum Stock List and a Premier Stock List. but they seem to be updated from time to time, correct? if you don't mind, can a Keystone trader private message or email me the most recent Platinum Stock List?

i will send u something in return. thanks!!!
 
Keystone is a very low risk shop. They are true to their word but will be extremely quick to either fire you or have you put up more money if you go thru yours. The stock lists for both premiere and platinum are very very non-volatile stocks such as gm, ge, c, bac and so on. I would say that if you are looking to trade for a firm that claims to be run by traders, then make sure it is.

You should do your homework and actually watch these guys trade. From what I've seen these guys are honest but also are not really traders. You will learn the basics like bid and offer, a few charts, order flow, etc, but will not learn how to be profitable there. I went for an interview a few weeks ago and was turned off by the fact that no one in the room was really up more than 100 dollars. This was odd b/c when i went to their presentation in New Jersey they claimed that their guys on the trading floor were killing it.

I have never worked for keystone, but all i can say is they seem very honest but read the fine print. When i looked it over it showed that you had to take more training classes aka put up more money far before your initial deposit ran out.

These guys came off more as business men than traders. But atleast you get what you sign up for with no surprises, which says something these days.
 
Well it's been a week.
The online live mentoring is really good.
I have read a ton of books in the last year, and was able to be consistently profitable on paper, but still had things missing.

The class filled in the blanks, gave new strategies, and the mentors are making very sure that we know what to do before we actually start placing trades.Also the emphasis on getting rebates is important, as traders get 100% of the rebates back.

So far I think this is money well spent...I find my preparation has improved, and now I have a much more structured approach to each and every day.Also I used to make a lot of dumb trades, those will now be gone.

The mentors are very helpful with everything.And I mean everything.

I will report back at the end of the month, my personal goal is to be consistent and to be up to 1000 share size starting in january.It seems feasible as long as I don't have discipline issues (I usually don't).
 
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