Trading rooms for beginners at swing trading?

lindq said:
"Trading for a Living" by Alexander Elder would be a good start for you.

You can read a thousand books but it will ultimately come down to your own style. Line up a thousand active traders, and there's a good chance that each one is following a different path.

Good luck.
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Do you really recommend this book?!
I went fast through it and it looks really basic
 
sandp500trader said:
I have never found a room that actually had a successful trader running it. If you want to learn the art of BS and want to one day become your own trading room guru, then I would try just about any of them. They each of their own flavor of BS. I don't mean to sound negative, I hope you understand, this is just the truth.
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I agree but did come across one after watching his YouTube Newsbeat Nightly show, for 6wks, before joining, in January, and that is Mark Melnick, of T3. His technical are straightforward with 8EMA, 21EMA, 50MA, 200MA, and support/resistance lines using TC2000 but more often than not Algos bounce at his levels or within, a few cents. He has 160+ nightly shows on YouTube so can go back and find a lot of accurate calls. He killed it on WHR earnings buying $140 little for .83 selling them for $11avg. Called AMZN to fall 80pts day after earnings is another but mostly his calls are intraday...today was buy AMD weeklies on a bust of 26.37, I got 26.5's for .64 selling them for .91, 20-30mind later. Some sold for 1.12, not sure of highest but one guy made $30K on AMD and TSLA. It's a big room with 800-900 people now. He donates all of the fees to charity. He calls out trades in real time and usually has news before anyone else. That being said take it ALL with a grain of salt...stay skeptical but after watching his Newsbeat Show on T3's Facebook and Youtube at 6:30CST Sunday-Thursday you'll more than likely make enough off his ideas to join. Every other month seems to be a free weekly open house to see if for yourself. If you go back to December Newsbeat shows you'll hear him mention SAIL and SFIX, buying both in mid-teens and they've doubled making him a few milion. Some of his strategies can be found in Newsbeat eps. #128, I think, and later. A 1min, A 5min and A 5min using a 21EMA. As for books, I have an Options Made Easy for reference, some Day Trading book had some nice tidbits, both otherwise of little use in this algo driven market. Market Wizards had some nice human tips to make one better and that is 30yrs old.
 
novicetrader69 said:
What is your opinion about this book and its author:

the market whisperer
h**ps://books.tradenet.com/en/mobile/index.html


nt
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I know about this book but didnt read it.
The author of the book is day trader and he didnt have much luck with swing trading!
You need to read books with high rating to avoid waste of time
 
Here you go - the aggregate hard won lessons of 40 top traders.

Most books leave you more confused than anything, but than again Bobby Fisher read every book he could find on chess & said he always got something out of every single one.

I would avoid trading rooms - us swing traders are like Leopards, we do a lot better hunting alone.
 

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Superstar2317 said:
I agree but did come across one after watching his YouTube Newsbeat Nightly show, for 6wks, before joining, in January, and that is Mark Melnick, of T3. His technical are straightforward with 8EMA, 21EMA, 50MA, 200MA, and support/resistance lines using TC2000 but more often than not Algos bounce at his levels or within, a few cents. He has 160+ nightly shows on YouTube so can go back and find a lot of accurate calls. He killed it on WHR earnings buying $140 little for .83 selling them for $11avg. Called AMZN to fall 80pts day after earnings is another but mostly his calls are intraday...today was buy AMD weeklies on a bust of 26.37, I got 26.5's for .64 selling them for .91, 20-30mind later. Some sold for 1.12, not sure of highest but one guy made $30K on AMD and TSLA. It's a big room with 800-900 people now. He donates all of the fees to charity. He calls out trades in real time and usually has news before anyone else. That being said take it ALL with a grain of salt...stay skeptical but after watching his Newsbeat Show on T3's Facebook and Youtube at 6:30CST Sunday-Thursday you'll more than likely make enough off his ideas to join. Every other month seems to be a free weekly open house to see if for yourself. If you go back to December Newsbeat shows you'll hear him mention SAIL and SFIX, buying both in mid-teens and they've doubled making him a few milion. Some of his strategies can be found in Newsbeat eps. #128, I think, and later. A 1min, A 5min and A 5min using a 21EMA. As for books, I have an Options Made Easy for reference, some Day Trading book had some nice tidbits, both otherwise of little use in this algo driven market. Market Wizards had some nice human tips to make one better and that is 30yrs old.
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Sorry but sounds like a silly question. did Mark could prove he is successful by publishing his broker statement and his trades?

some people mention trades but never trade them except with demo accounts !
many make money cheating people.
I don't say Mark is fraud. I just say did he prove his track record or not so it give confidence to students to believe that the strategy works !
 
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