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Starting a Free Trial at Millennium Trading for there calls
- Thread starter darren
- Start date
Quote from pt199:
If you made 600 bucks then I think you did very well. but can you do this consistently is the question. Mill traders has been around for quite a while now but is not for the beginner.
Profit or not it is a matter of integrity.
If they got stopped out it is a stop and should be marked accordingly.
This is one of many problems with these snake oil selling bastards, their track records are not very honest.
Anek
I think they way they compute their performace is very , very shady!! They explain it a little on the guidelines, but when you see it in person it is ridiculous. Sure if I take a position and hold it for a while I am sure I will be a few ticks in the money at some point, but as long as it goes one tick in the money they do not take stops even though they got stopped out for there 150$ stop which is there stop on everything. I saw them get stopped out the er2 4 times in a row and they did not put that on the perforamce. I know it is up to the repsosability of the trader, and I have been around for a while and know how to manage my trades. But this site i did the trial to see how good it is for the newbs. It leads them down a long dark road of showing amazing returns but not in reality. You dont take a one tick profit each time because the rr would be horrendous, if they actually put in most of their stop outs they would probably be negative! I just wanted to try them out and see and bad!! They would call alot of trades and I would never take some of those bascially just hpe for the best when they trade, and if it gets stopped well they will put aprofit on there performance record, so shady
Their stats are complete bullshit as they simply just keep letting the tally go until the market stops going in their direction and so they record the best possible results. I spent 6 months in that room and although there were some decent calls their server(s )lagged by up to 30 seconds on therir calls (Futures anyway)!!!
If u question Hurricane or Lighting about it --u get booted--End of story!
I can't believe no one has investigater their inaccurate and mis-leading way of showing real results> F-ing Bastards.
If u say for instance " Hey what the heck? Im getting killed with your calls here" ( I actually said that) the reply is always "Well, what is ur daily stop loss??" to which I replied "Its always the same... its right after your first trade is called and Im out for the day"
F-ing bastards.
If u question Hurricane or Lighting about it --u get booted--End of story!
I can't believe no one has investigater their inaccurate and mis-leading way of showing real results> F-ing Bastards.
If u say for instance " Hey what the heck? Im getting killed with your calls here" ( I actually said that) the reply is always "Well, what is ur daily stop loss??" to which I replied "Its always the same... its right after your first trade is called and Im out for the day"
F-ing bastards.
try timertrac.com, timerdigest.com, collective2.com, futurestruth.com. hulbert, striker securities, attain capital, strategyrunner.com, or other sites. They try to independently monitor the performance of many system vendors. At least, you tend to get realistic fills, not doctored up ones like Millennium trading
However, on these sites, there is usually only a couple of useful systems, and they often have a short shelf life. This is the way of system trading. Do a lot of research before trading one.
However, on these sites, there is usually only a couple of useful systems, and they often have a short shelf life. This is the way of system trading. Do a lot of research before trading one.