New York Traders Expo

Live Trading Challenge

Round 3:

John Carter
Trade the Markets
vs.
Tom Sosnoff
Think or Swim
***
For these two traders, they didn't really do too much during the afternoon session (they caught the lunch-time lull, so nobody really expected that much).

John showed his scalping system (won't go into it here), Think or Swim showed their E-mini pairs trading/arbitrage methodology (I honestly don't have enough experience with the concept, its risk/reward parameters, or how a trader really implements it in real-time to speak on it intelligently). Something about 1 ES contract = 2 NQ contracts was what I took away from THAT discussion.

So this ended up being more of an overall converation about trading directionally, vs non-directionally, the strengths and weaknesses of each approach so-forth-and-so-on. They did a good of introducing the concepts in an hour considering the fact that it actually takes years to learn and master any concept. So I'll give them that much.

The trading was just OK, I was more intrested in getting water for and talking to the lady next to me. :D
***
Conclusion

John Carter: +100.00 dow e-mini

Tom Sosnoff: I couldn't figure-out his PnL, the platform was pretty sophisitcated, and he kept taking trades to illustrate the futures pairs trading concept, not so much to make money.

Draw
 
Quote from nkhoi:

last year , same contest same guys but no trade so I skipped it this time, Bennett 's method is probl the most boring method in the world.
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Wow, sorry to hear that ... there were several guys who definitely had systems that were conceptually sound, KISS and I know that for anyone who traded them, they would make money.

But his wasn't one of them. It was just kind of well, confusing and boring at the same time - you know what I mean.

Not so much flaming as warning folks here.
 
Quote from MandelbrotSet:

Live Trading Challenge

..For these two traders, they didn't really do too much during the afternoon session (they caught the lunch-time lull, so nobody really expected that much).
...

Draw
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they shouldn't hold contest during the lunch time.
1) no trade
2) people rather eat than watch the backs of the contestants.
 
The person who offered the most at the Expo was Spydertrader.
He wasn't even part of the expo.
The guy shows up with a laptop loaded with days of material to review, and just invited anyone who was interested to join him full a full day.
He gave at least 8 hours of his time going over all the material in his threads.
I had attended Saturday and it was quieter than past years. Maybe it was the first day and they were still setting up, not sure.
One good thing, had a chance to meet quit a few from ET and it was a real pleasure. Some really great people.
 
Right before lunch, Sosnoff traded live and put on about 40 new positions, lots of 10 lot and more options, spot currency and futures.

He was up as I recall over $1,000 net by the time lunch came around not that he was not trading for a daily positive P/L. These were mostly March expiration positions.

His style seems very discretionary and non-technical.

He did reveal, when questioned that he plays relative strength arb (as a previous poster mentioned), but even there, when asked about entry and exit, target and stops he says: no targets and no stops and justs exits his futures arb whenever. Pretty vague (not meant as a criticism on my part)

I think he's a top notch pro overall and I seem to learn some stuff from him by osmosis but damn its hard to actually articulate his edge.

The other guy was your very run of the mill technical analysis, support/resistance and pivots kinda trader. Smart and funny but not my kind of thing.
 
Quote from Diamond Geezer:

Right before lunch, Sosnoff traded live and put on about 40 new positions, lots of 10 lot and more options, spot currency and futures.

He was up as I recall over $1,000 net by the time lunch came around not that he was not trading for a daily positive P/L. These were mostly March expiration positions.

His style seems very discretionary and non-technical.



I think he's a top notch pro overall and I seem to learn some stuff from him by osmosis but damn its hard to actually articulate his edge.

.
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sosnoff is a hyper intellectual, super bright and ultra perceptive. the guy's intuitive depth is absolutely uncanny and actually somewhat disconcerting when you first converse with him----- he is the highlight of the expo. if ever anyone here gets a chance to speak with him, i HIGHLY reccomend it.

best,

surf
 
Quote from MandelbrotSet:

...
I attended a TradeMaven seminar on a lark and was really impressed with the presentation given by Doug Zalesky.

He runs a business with a chat room and everything ... but I was really impressed with the knowledge shared, and that was by far the one of the best presentations I've ever seen on how to correctly interpret Market Profile and volume for trading. He's also big on the Bonds and Oil and it was nice to hear someone talk about something other than the S&P E-Mini's.
…
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Couldn’t agree any more on Zalesky’s interpretation of MP and P/V, and his reasoning on trading the Bonds and Oil. His 3-2-1 approach seems simple, yet powerful (not I’ve trialed it, mind you :) )

Didn’t go see any live trading challenge but saw Dan Gramza’s last year. His setups were mainly focused on the candlestick patterns and multi-time frames. He was very confident, a good trader, speaker and educator.

BTW/FYI, there’re plenty of webcasts at moneyshow.com (go to TRADERS > Webcasts > On-Demand).

Enjoy, and see ya next year :cool:
 
Quote from chartie:

Couldn’t agree any more on Zalesky’s interpretation of MP and P/V, and his reasoning on trading the Bonds and Oil. His 3-2-1 approach seems simple, yet powerful (not I’ve trialed it, mind you :) )

Didn’t go see any live trading challenge but saw Dan Gramza’s last year. His setups were mainly focused on the candlestick patterns and multi-time frames. He was very confident, a good trader, speaker and educator.

BTW/FYI, there’re plenty of webcasts at moneyshow.com (go to TRADERS > Webcasts > On-Demand).

Enjoy, and see ya next year :cool:
More...

For awhile we worked with Doug and his partner Jeff when they where eLocaltrading. Both Jeff and Doug are standup guys with experiance alot of integrity. I had went looking for eLocals site some time ago and could not find it, I'm glad to see Doug is still around.
 
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