Which real live future trading room I should choose?

Status
Not open for further replies.
Quote from TraderZones:

you site, no doubt...
More...
Another "right on top of it" post. In case you aren't aware, there's no longer a chat room on THIS site. Still don't understand that move.
 
If a trader can't figure out the Obvious S/R levels on his own, how is he gonna have the skill to put a trade on when price reaches those levels?

Figuring out S/R levels should be a part of every day trader's daily/nightly homework. I see no reason to Pay someone for S/R levels.
 
Consensus thinking permeates the trading room industry which is dominated by the "set up trading" approach. It is believed that somehow these "set ups' provide a real permanent edge w/ duration when of course they do not. If these set ups in fact provided a real edge -- the live trading room would be much more successful that they are.

Do hedge funds use set ups? No. Many use undisclosed information. Illegal? Maybe. But it is an edge and a real one at that. Did big floor traders back in the day look for set ups? No again. When I was on the floor - I never heard that term. Nowadays that's all this younger generation seem to know. It is a misguided and heard mentality approach of little value.
 
I had checked out quite a few rooms. I don't see any good signal room. The gurus are often wrong. Some are very deceptive - claiming victory when the calls would had been stopped out with a 3 point or even 5 point stop! This is the room that joe4422 pumps. I seen mostly losing trades in the room. There was a lot of juvenile screaming. Almost no teaching.

However, if you are a newbie paper trader trying to learn some basics, there is a very inexpensive room you may learn a few things.

www.eminiaddict.com

The room is about $30/mo. It does not give you any trade signals.

I did get a few helpful tips form the ATW & DTI free trials. Their sales pitch was simply too much. I left.

ATW calls trades late. well, Brian & Andy, if you want people spend many thousands on your training package, show a few good trades (not after fact!!) - show your DOM, that is your best marketing tool!

Marcus of Rockwell is honest (shows his DOM), but he allows huge daily draw down (about $500-600) per contract. This while the weekly target is only $200. It is poor money management to allow daily draw down to exceed weekly target. jmho.

I am very suspicious of any signal room that can't show their DOM.
 
Quote from leela:

I had checked out quite a few rooms. I don't see any good signal room. The gurus are often wrong. Some are very deceptive - claiming victory when the calls would had been stopped out with a 3 point or even 5 point stop! This is the room that joe4422 pumps. I seen mostly losing trades in the room. There was a lot of juvenile screaming, instead of teaching.

However, if you are a newbie paper trader trying to learn some basics, there is a very inexpensive room you may learn a few things.

www.eminiaddict.com

The room is about $30/mo. It does not give you any trade signals.

I did get a few helpful tips form the ATW & DTI free trials. Their sales pitch was simply too much. I left.

ATW calls trades late. well, Brian & Andy, if you want people spend many thousands on your training package, show a few good trades (not after fact!!) - show your DOM, that is your best marketing tool!

Marcus of Rockwell is honest (shows his DOM), but he allows huge daily draw down (about $500-600) per contract. This while the weekly target is only $200. It is poor money management to allow daily draw down to exceed weekly target. jmho.

I am very suspicious of any signal room that can't show their DOM.
More...

Even the eminiaddict room is a bit suspicious. Why is the education room a subscription and not a one-time fee?
It doesn't make sense!

How people stay with a room that abuses his subscribers by screaming beats me. Alot of suckers in the trading business!:D
 
Status
Not open for further replies.
Back
Top