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ShadowTraders.com
- Thread starter JRMaynard
- Start date
Quote from MandelbrotSet:
But you gotta wonder ... where the hell do these people find their students?
I don't know but I first heard of them several months ago when a friend told me he was looking into one of their seminars. He found them through Ninja Trader I think.
I asked him about the price of the seminar and their trade style and told him to pass because I suspected it was scalping with large position sizes for a few ticks. He was new to futures and I warned him that style would be disaster for him. Looks like I wasn't too far off judging from the email exchange.
Quote from MandelbrotSet:
LOL, I think you guys are being waaaay too harsh!
There are worse things than not knowing that the tick size of the 30 yr bond was changing ... and so long as traders are sitting in on her room and learning something (as well as making mulla) , it might be worth their time! - oh wait, she's trading on SIM too?
Hey, where do I sign up (LOL, Reaver's gonna kill me when he sees this post).
Da-yum, well, thanks for a few minutes of entertainment!
LOLOL Mandlebrot
Nice emails JMAYNARD, you're obviously an intelligent guy.
Quote from dandxg:
I agree with your assessment. I sat in a month ago as I was calculating some trading stats. She didn't even know that the tick value of the Bond market was changing!:eek: Then she recovered and attempted to get mystique say that she was going to teach Chaos Theory.
As I have said a number of times Ninja Trader really lets itself down by promoting all these crap vendors who sail in on their coat tails it is very disappointing.
Yeah, I know.
Thing is, NinjaTrader is a great piece of software and they really jump through hoops trying to please everyone and be everything (their charting is fantastic at this point, I'm going to be doing some work to see if I can totally convert over to them).
Just goes to show you, ultimately this game is all about the almighty dolla.
Quote from MandelbrotSet:
But you gotta wonder ... where the hell do these people find their students?
They troll quality vendors like NT and use them to give themselves a degree of credabilty they wouldnt have otherwise. It is downright despicable if you ask me. These newbies come a firm like NT who are for the most honest and get duped by the third party presentation. These same people probably wouldnt spend as much replying to an ad in S&C and the vendors know this the scum bags.
I have emailed NT about this basically saying you lie with dogs you get fleas they dont respond though
I certainly don't understand this..."shadow trader" is part of "thinkorswim" and TOS requires $4500 of margin per 1 ES contract so for 15 ES contracts you would need a minimum of $67500?????
hummmmm
JRMaynard, you've acquitted yourself with honour. As I see it they maintain you (and I) don't understand the market - fair enough. We are shortsighted and only want to buy rises and sell falls with the safety of a stop loss... because we (unlike them) know we don't understand the market and are fallible.
I may not understand the market, but I understand the smell and sound of snake oil vendors. My stunted math abilities leave me agog at the whole proposal from position sizing to risk management. Little wonder there's such an utter a lack of transparency when this idiotic approach is guaranteed to end up in a wipeout.
Hopefully some lambs to the slaughter will be turned back.
I may not understand the market, but I understand the smell and sound of snake oil vendors. My stunted math abilities leave me agog at the whole proposal from position sizing to risk management. Little wonder there's such an utter a lack of transparency when this idiotic approach is guaranteed to end up in a wipeout.
Hopefully some lambs to the slaughter will be turned back.