Trading Expo

I attended all three days - saw Tony Oz this morning from 9-11 with live trading. Unfortunately, he made no trades - he didn't seem that interested to do any, imo - but I wouldn't fault him for that - it's tough to do that in front of a crowd. Does anyone know how David Nassar did trading live?

The exhibit hall keeps getting smaller - could have done without the booths outside of the main area - they were vicious! especially those Worldco people - heaven forbid you said you weren't interested! Go away!

I have enough Realtick t-shirts to last 3 years. Let's hope my trading account lasts as long! lol

I think the Expo people would do better putting together an expo with some solid classes to take - perhaps 2-3 days classes would be nice - real in depth - there's only so much you can cram into a day.

If the Anaheim show is like this one, I won't be going - I'll see what Tradingmarkets has to offer in that department.

just my three cents
 
Saw Tony Oz trade today also. He actually entered two positions today in the afternoon session. One being ADPT. I forget the other. Very interestig style. Many people were amazed at how few occilators/indicators he uses. Mostly, he looks at the NASDAQ futures to get a market bias. He does not use TICK and TRIN. He used his scanners, which were not returning a whole lot of canidates - probably due to market conditions. He examines each canidate in an intraday and daily chart and then decides if the stock meets his crieteria to make the trade. He was very good about explaining the reasons that he would not make the trade for each of the canidates.

Mike
 
Glad to hear Oz bought ADPT! I use his scanner and bought ADPT on a retracement (it was a bottomfisher candidate) today. Let's hope the Naz holds tomorrow. Whoever is short the QQQ since a week or two ago, bully for you!

I spoke with Tony briefly before he left for the Expo. I'm researching web conferencing options for him so he can get started with his mentoring program.
 
I watched a seminar given by Afshin Taghechian of Traders International. He demonstrated his system for trading the S&P futures. He used two indicators in RealTick (which he would not reveal exactly what they were). When the signals indicate a move, he places a 2 point stop and a 2 point exit and lets it ride. Many other observers, including myself, were very skeptical. This guy wants $4000 for a one day seminar. I would like to find out more about his strategy. Please comment if you know what he is doing.


Afshin is all 100% b/s. You cannot reproduce his signals in real life trading. The historical signals he has on his site are all made with hindsight. His two indicators require subjective interpretation of double tops/bottoms and divergence. There are no mechanical rules other than the 2-pt stop and 2-pt profit target that he added only after students were complaining that using a trailing stop was too difficult.

I did some thorough analysis on the method for a group of traders that all forked out the cash for the seminar, quit their jobs, started trading full time, and each loss between $5-20k in 3 months, no one was profitable, that asked me if the method was any good. Afshin will not show you any account statements from him or anyone else using his methods. You figure after dozens of seminars that one successful trader would let him use their statement as a testimonial?? Even Ken Roberts was smart enough to do that (Roberts recognized that a small percentage of traders get lucky and win in the short-term, so he asks them to write a testimonial that he includes in his marketing, and uses a brokerage statement where possible).

Email me for details if you're even remotely considering Traders International. If it's one thing I try to do here, above anything else, it's to prevent people from getting huckstered.

dottom
 
I think it was a good experience. I saw Linda Raschke speaks on Saturday. I agree that she is absolutely the best. I also tried to attend Tony Oz on Sunday and was turned away. I managed to get in the Monday lecture. The room was not setup the best in my opinion. I had to seat in the far room, so I couldn't really see Tony. I thought his presentation was very well delivered, and I agree that he is a very like-able guy. I had the pleasure of seating together with his family on Sunday evening and talk to his wife and son. After meeting his family and "falling in-love" with his son, I understood why he has that grin on his face. You can tell that the guy is happy. I went to see him again twice on Tuesday. I wrote down his trades. He first bought 100 and another 100 shares of SLGN for 29.13. He also bought 500 shares of ADPT for 14.10. He had a stop for ADPT placed at 13.70. He had a stop for SLGN placed at 28.27.

I also enjoyed seeing Robert Deel from www.tradingschool.com I spent a lot of time in his booth and signed up for his class. I like the way he teaches.

I was impressed with Terra Nova's offer to pay 125% of the tuition back for David Nassar seminars in Denver. I think I might take their offer after I take Deel's class.

Jim
 
Watched Tony Oz open the markets with 6 screens and a packed room with over 200 persons. He used a dual monitor on Real Tick and showed us his real trading method. We were able to get another perspective on trading, i.e., from our own individual methods to seeing "over his shoulders", as it were. Incidently, that kind of "observatory trading" is usually very expensive training that you have to pay for, schedule, and sign disclosure agreements on.

The free sessions were well worth their money; the show had a muted aire about itself, given that the markets are still trash by comparison to two years ago, and even last year. However the fact that we have such vibrancy in our markets is a tremendous testament, to something, not quite sure what...

The ENE situation continued to hang heavy over NVDA, IBM and other key stocks, with a strong hint that other Dot Com Bubble stocks would be undiscovered soon (ORCL, SUNW, ADBE, etc.). All these factors made the open through noontime quite muted in all the presentations, discussions and product hawksters. Short of that, the final day was awesome, and as usual, you could pick up a wealth of new product ideas, choices and soforth.

Of particular note were the Bright Brothers presentation, and how they continued to lambast the Retail Syndrome. Frankly, I'm glad someone is out there doing that, because all serious traders need to hear their speech. (not a paid advertisement)

------
Trade Often and Prosper....(NC1701)
 
I thought I would give a shortened version of my report for everyone here on ET.

I was glad to meet with Baron, Gene W., Jeff Dewit, RTharp, OZ, Brandon, and all the rest from ET.
I was a bit disappointed that I was not able to really chat with Nassar...he did have a pretty big fan club there, and I listened in for a bit...but was abrubtly escorted away by one of his associates who was afraid that I was going to correct David with one of his responses (actaully, I was just going to wave "see you later" to him..)...kinda of made me feel like I do at the "teach me to trades" and the other blatant nonsense workshops where they discourage anyone in the business.....Please don't misunderstand me, I am NOT saying that David is like that...I am just saying that it is too bad that his guys are so quick to protect him (he doesn't need it)....what is funny is that at the same time David was missing a point about bullets (equating them to Long in one account, short in another ....an illegal practice)....and it did catch my attention.

Let it suffice to say that I was impressed by his following at the expo, and that I hope to see him under better circumstances.

The usual snake oil types were fewer than before (for obvious reasons), and they had about 30% fewer vendors (this has been the pattern, since very few actually have anything of value to sell).

We (my brother and I, and Eddie Franco our COO) met with several head of firms who wanted to inquire about the rumors that we are in a "buying mode" of other firms. The retail guys just don't seem to get the fact that we don't want to be in the retail business, but a couple of the prop guys had something of value to offer....although not necessarily their over-extended leases on near empty offices.

I feel that my presentations were well received and pretty straight forward...we added several traders, and have filled up our Feb and most of our March classes, with many waiting for the April dates.

The only "tiring" thing was the onslaught of software and "system" people trying to sell us all sorts of "stuff"...and after a couple of minutes, they usually see that we have the best "stuff" already....and I usually suggest that they actually try trading, rather than pushing their wares....some actually took me up on the idea...:-)

I stayed in my "happy (industry) ambassador" mode during the 3 days, and traded a bit on Tuesday morning (opening at least), so overall it was fun. I did some research for the magazine, and made some good contacts.

Anyway ( a bit much for the short version).....enjoyed meeting with a lot of people, and I want to thank all that came by for the kind words, and let's all get trading!!!

:-)
 
I was working at one of the booths and didn't get to see much of the show. The most embarassing display I saw had to be trendfund.com's crass infomercial, which played non-stop for 3 days. The Worldco group had an interesting angle on recruiting traders- bad mouthing people who said they weren't interested while the CEO kicked back with his feet up on the display table.
The best part was meeting some of the people in the industry and just talking trading with others.
 
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