Option Smart are the people who lie on their website about 100% winning trades, when all along they have rollovers that they don't count as losing trades. Stay away from them.
Don-
Pay services that select your picks.
- Thread starter Neet
- Start date
Option Smart are the people who lie on their website about 100% winning trades, when all along they have rollovers that they don't count as losing trades. Stay away from them.
Don-
chill dude.
i never said that it takes 3-6 months to become an "experienced" trader.
3-6 mths to figure out your style and type of instrument to trade along with a clear trading plan.
since end of june, ive realised that scalping the ES is best for my personality and health. i also have a trading plan for teh ES.
im still a newbie but it's better to be new and have a trading plan than being new and having NO IDEA or worse, paying someone, hoping it'll pay off.
btw, i did happen to meet a gentleman who is respected on ET. he's been trading for 7 yrs and he told me it took him 6 months to become consistently profitable.
just bcos someone asks you to catch up for coffee doesnt mean youhave to hand over your secrets.
i also know 2 other traders who have been consistently profitable within 6 months of trading. both of them have been traders for at least 4 years.
i cant speak for myself as im still new at this. Reality is subjective.
i shoudl have said 3-6 months spending 15hr days learning about trading and watching the markets. - which is what i did.
3-6 months FULL TIME is enough for anynewbie to realise wether they want to pursue a career in trading (not investing) or move on.
i never said that it takes 3-6 months to become an "experienced" trader.
3-6 mths to figure out your style and type of instrument to trade along with a clear trading plan.
since end of june, ive realised that scalping the ES is best for my personality and health. i also have a trading plan for teh ES.
im still a newbie but it's better to be new and have a trading plan than being new and having NO IDEA or worse, paying someone, hoping it'll pay off.
btw, i did happen to meet a gentleman who is respected on ET. he's been trading for 7 yrs and he told me it took him 6 months to become consistently profitable.
just bcos someone asks you to catch up for coffee doesnt mean youhave to hand over your secrets.
i also know 2 other traders who have been consistently profitable within 6 months of trading. both of them have been traders for at least 4 years.
i cant speak for myself as im still new at this. Reality is subjective.
i shoudl have said 3-6 months spending 15hr days learning about trading and watching the markets. - which is what i did.
3-6 months FULL TIME is enough for anynewbie to realise wether they want to pursue a career in trading (not investing) or move on.
nice to hear insider info like that.
Quote from ssblack:
what are you smoking, bigtrends is the best!
obviously that's sarcastic.
i used to work for them as an analyst when i was naive to the industry. it didn't last long. when i was allowed to trade my way, then i was stellar with futures and FX. when Price decided that the customers needed more "action" then my style was compromised and obviously i started getting whacked.
my favorite reply from him:
"that approach might be good for a money management firm, but our customers need ACTION"
regarding me stopping trades after hitting a 6 pt profit target on the ES each day... which Chris (brownsfan) can verify as he was a sub to my ES service.
salesmen, not traders. marketers, not traders.
Michael B., check your PM's.
I was replying to the OP. I don't rate Cramer on his ability to produce headaches, just profits.
And before this turns into the usual Cramer bashing, you can't follow any financial advice blindly. Not Cramer, not IBD (witness SYX at #1 on the IBD 100 last week), not any pundit, until you do your own DD. But for the OP, Cramer is free (except for the aspirin) and I would venture as good, if not better, than any paid for stock picking service.