Which real live future trading room I should choose?

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So far I'm still not profitable, over time, in the trading room I've been subscribed to. The problem is that there still aren't very many trades per week, and the one or two times I got stopped out after scaling in cost me bigger than a string of small "less than 1 point" winners. I'm still hoping we'll eventually get to a point in the market where there will be trend trades happening in the room with multi-point gains rather than trades with gains of less than 1 point.

Last week, I received an email from this other trader who is trying to get new subscribers for his daytrading room. His room is a stock daytrading room, and not a futures trading room. His results for Sept., if true, are better than the results for the futures room I'm currently subscribed to, and he averages 30 trades per day. However, I'm wondering if it would be realistic that I would be able to successfully follow 30 trades per day and get similar results? I'm wondering if it is harder than it sounds to be able follow 30 stock trades per day. I'd hate to sign up and rack up all kinds of schedule D trades only to find out that I'm only breaking-even or worse. Would this too good to be true for someone trying to follow his trades? The cost is less than one-third what I'm currently paying for the room I'm a member of. Is this too good to be true? Here is the link to a video he made about his trading results:

http://joindh.com/traderesults.htm
 
30 trades per day sounds like the same problem you described above, lots of small winners wiped out by 1 loser. I'd rather do 1 trade a week than 150.
 
Quote from Jreality:

So far I'm still not profitable, over time, in the trading room I've been subscribed to. The problem is that there still aren't very many trades per week, and the one or two times I got stopped out after scaling in cost me bigger than a string of small "less than 1 point" winners. I'm still hoping we'll eventually get to a point in the market where there will be trend trades happening in the room with multi-point gains rather than trades with gains of less than 1 point.

Last week, I received an email from this other trader who is trying to get new subscribers for his daytrading room. His room is a stock daytrading room, and not a futures trading room. His results for Sept., if true, are better than the results for the futures room I'm currently subscribed to, and he averages 30 trades per day. However, I'm wondering if it would be realistic that I would be able to successfully follow 30 trades per day and get similar results? I'm wondering if it is harder than it sounds to be able follow 30 stock trades per day. I'd hate to sign up and rack up all kinds of schedule D trades only to find out that I'm only breaking-even or worse. Would this too good to be true for someone trying to follow his trades? The cost is less than one-third what I'm currently paying for the room I'm a member of. Is this too good to be true? Here is the link to a video he made about his trading results:

http://joindh.com/traderesults.htm
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http://joindh.com/kiss/
 
http://joindh.com/kiss/
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Yeah, that seems strange, but it doesn't mean he can't trade (although it makes me wonder if his trading is really as profitable as it sounds if he's bothering with MLM stuff).
 
Quote from Jreality:

Yeah, that seems strange, but it doesn't mean he can't trade (although it makes me wonder if his trading is really as profitable as it sounds if he's bothering with MLM stuff).
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I have been following his youtube videos for about a year now. Check out don harrold on youtube to see some of them if you want. Some have some good perspectives.

I highly doubt his trading is as profitable as he makes it seem. He likely uses best possible cases for his buy and sell recommendations. Such as recommend a stock a buy then record the high in the books as if he sold there. However, he does offer a money back guarentee and he will give you your money back if you are not satisfied without hassle.
 
Quote from Jreality:

Yeah, that seems strange, but it doesn't mean he can't trade (although it makes me wonder if his trading is really as profitable as it sounds if he's bothering with MLM stuff).
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Anyone know of an MLM tha tis not a scam? Looks like the guy is a snake oil salesman.

If he can really trade, why MLM, which is most likely a scam ?
 
Quote from leela:

Anyone know of an MLM tha tis not a scam? Looks like the guy is a snake oil salesman.

If he can really trade, why MLM, which is most likely a scam ?
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In MLM, those in early MAY make money, but the primary purpose of MLM is for their wannabes to sign up a continuing stream of "distributors" via promises of wealth, to keep revenue coming into the MLM company. And usually the product is overpriced but made to appear luxurious

Gee, kinda sounds like the trading industry... :D
 
Quote from southbeach4me:

Amazing how many people there are that want an easy way to make trades just by "following the leader" of a so called live trading room so that they dont have to worh hard to find their edge. How pathetic.

Think it about it! If these so called "live trading gurus" were actually making money consistently, they wouldn't even bother selling their "system" to others, they wouldnt want the competition!!

Live trading room= highway to failure
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I don't think that it is necessary looking for an easy way out. There are a reasons for this.

One reason is to Earn while you Learn.

The other reason, and a more important one, is to know that the setups that is taught can actually can be traded profitably in real time.

Teaching a student to fish is good, but first the mentor must be willing to show that she/he catches real fish!
 
I honestly doubt the guy trades - if he traded his own advice he'd be broke, and he is far from broke.

I know a guy who runs a trading service (it's a website and a direct mail company) that made $200million Net last year. His Gross was probably around $60 to $80 million.


Quote from FB123:

You know someone who made $200 million trading last year and is running a website trading service? Care to point out who that is?
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