Quote from vrtrop22:
I used his system pre dayraider. I think it was called emini raider at that time. I learned about futures from him. I think he is a decent teacher. I don't think he educates you fully and that will get you confused if you don't have the background in futures. As for the system, I lost money using it. It was confusing and I lost faith in it quickly. If I were him, I would allow my students to watch me trade. He does not do this!! He has interesting concepts about institutional traders. Lastly, he charges way less than he used to, so it may be worth trying. Again, we wary of actually trading. If you can take the non stop right wingedness that he spouts all the time, sign up and try it. Oh btw. I trade on my own using MAs mostly and am doing pretty darn good. I can say he introduced me to the world of futures. That's about it.
Did you do your homework as requested by me Vrtrop22? That's one of the reasons why you struggled. Did you backtest the trades and plot your paper trades? No, never saw any.
My old platform and my new platform have paper trading modes so you can try out the methodology without risking a dime.
All current clients see me call out trades during "live demo's" before they sign up. DayRaider 1.1 is 100% graphical, so the learning curve should be pretty short.
DayRaider 1.1 runs on a "no cost" platform and it is much simplier and 100% graphical. For some reason Tradestation could not accomplish this. That's why I switched.
Also, I found out from past clients that only the ones that can memorize about ten terms and plot them historically on old charts are the ones that will succeed.
People say that are teachable and they say they will put in an hour of study for 3 or 4 weeks, but I can't force them.
I give them unlimited support for the time they pay and excellent training materials (streaming Flash videos, a Forum showing EXACT trade setups and simple documentation) and a methodology that is timed within 5 minutes of the actual reversal time (which can be backtested ad finitum).
Daytrading via technical analysis requires"memorization" of 4 buy setups and 4 sell setups.
--- even if the methodology was 100% automated, you still have to memorize a couple simple concepts ----
You have to backtest the past trades to know what you are looking at presently. Memorization is key, unless you pay your dues, you will not succeed in netting 100 to 400 mini Dow points per session. That can be done consistently before Noon ET with DayRaider 1.1 then off to the golf course or the marina the rest of the day.
One of the negatives of running things on Tradestation is that it was an expensive project to create and support, so people had to shell out a bunch of bucks per month. This put a bunch of pressure on clients to learn it quickly or drop out.
This new project is much simpler, 100% graphical, very low cost and the "kindergarden trades" that you can take on the very first day are posted right on the Forum for DayRaider 1.1.
--- guys, I can't make it any easier than that. Name me a vendor that reduced prices by 75% and puts out a better product..and it's guaranteed to work every day. And it can be backtested immediately upon installation.
There are some people that want it to fall into their lap and some that will actually backtest the trades...if you don't backtest the trades you won't succeed. Just taking the "kindergarden trades" will outperform anything out there, but if you don't do a couple weeks of backtesting homework, it's not going to fall out of the sky for you.
The blog has a couple current economic/political posts, so new clients know what they are going to talk to a tolerant, happy high income person that realizes that liberal Democrats (Clinton buddy Franklin Raines stole $100 million from us) ran Fannie and Freddie into the $1 trillion dollar ditch and those mean Republicans [haha] tried to reform it before Fannie and Freddie failed.
http://seattletimes.nwsource.com/html/businesstechnology/2004358433_webraines18.html
I'm glad you're doing well vrtrop22!
DayRaider 1.1
