TIMES method
- Thread starter caitlin
- Start date
Quote from qtip:
I really wouldn't call it Monday morning QB'ing, but I wouldn't call it reall trading either. If the trades aren't taken with real money by the mentor, what good is it just to call out multiple setups?
I much rather have the highest probability setup of the day where I can leverage many contracts and be done for the day...
Again, I don't call them a fraud, but I don't call them traders either....
"Those who can't trade, teach!"
Actually, they are much smarter than all of us.
They don't trade so the never lose money. At $5,000 a student x 150 you said are in the room, that would be $750,000.
I think we should all get together and form an education service where we have a method that works in theory. Comment setups in real-time (of course don't put money on the line), and market the charts at the end of the day like a market recap.
3-4 new traders a month and we are rich after 2 years...!
I am a sucker for trading...
Some people teach because they have a passion for teaching. Some teach because it solidifies thier skills and thoughts on the system over and over. Some teach for money. There are TONS of trading systems for sale. If I was a great trader and thought I could make another 50k a year teaching or selling a book - why not do it? Its capitalism. They take the signals into the live market in the free seminar and online everyday. You cannot really ask for more than that. Nothing is 100%, but some of thier traders are 70% and 80%. Considering you can trade very well at 50% accuracy with decent money management - I would say some of this bashing is uncalled for.
I have seen Traders International for the last couple of years. I would never buy thier trading method. They don't even trade thier own money. Why would I buy something they don't use. Now, they do have live data which they comment on...
But who cares...!
After going to the NY Trade show, there were about 2 other companies I saw just like them. They all claim to trade live.
www.dtitrader.com
www.ftacademy.com
Now DTI showed live trades with real money.
FTA gives a free trial to watch them put in trade and see there P&L.
Who would you want to learn from?
Maybe we should get all three together at a show and have them trade live with real money with an audience watching.
But who cares...!
After going to the NY Trade show, there were about 2 other companies I saw just like them. They all claim to trade live.
www.dtitrader.com
www.ftacademy.com
Now DTI showed live trades with real money.
FTA gives a free trial to watch them put in trade and see there P&L.
Who would you want to learn from?
Maybe we should get all three together at a show and have them trade live with real money with an audience watching.
Quote from qtip:
Side note:
AT the NY Trade show, during the Traders International presentation, they still were showing charts from 2002
What does that tell you
Dow Mini today 35 points Short - 9:53 central time - thats a 2005 chart.
Are you actually suggesting thier method only worked in 2002? I would guess thier presentation has not been updated for some lazy reason.
what i am saying that hindsight will always show good trades
I can show all the trades you want that were winners. Just cause you have a long listed and the chart shows two points doesn't mean jack... Limit orders are not always filled, and with market orders you can't tell the price because of slippage.
Quote from qtip:
Are you looking to get feeback about the trading method or are you the PR guy...
If looking at a live chart and taking the signal they showed me and it putting money in my account is PR - then I guess I am a PR guy.
Ill be a PR guy all the way to the bank.
Nighty Night.