Who are the top five stock trading guru's who teach their methods?

Quote from wrbtrader:

I really don't understand why you just didn't post a "poll" that asked traders to list whom they consider to be "top trading guru's that teach their methods". You can then contact those gurus to see if they're willing to work with you.

You request new rabbit holes to explore

Yet, if you know how to use Google search...you'll probably get your answer a lot faster instead of trying to read through this thread of debates and arguments that's commonplace here at this particular forum in comparison to other forums.

Have you consider exploring trading contest winners or top 10 placers because some of them are "trading gurus" that don't share their methods or vendors that do share their methods. In fact, I think there's a thread here at ET by some organization that has a trading contest (e.g Automated Trading thread). Yet, if automation isn't your interest, you can contact top traders that Dukascopy monitors although most of them are outside of North America and only a few are actual vendors.

Hint: Review top place winners in the dozens of trading contest from all over the world because some of the place winners are "trading gurus" hiding behind funny user names.

Another source is just review ET sponsor list posted down at the bottom of this website on every page or shown via occasional ads you see showcasing here at this forum or any other forum you may be a member of because you should have known better to try to gain your list via talking to traders that don't even use the methods of those they're supporting or arguing about. :D
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Hi wrbtrader,

Yes, a POLL might be a good idea. I'll look into if I can create one with a fill-in-the-blank form here.

I appreciate your suggestion to check out the top place trading contest winners. That's a great idea!

Thank you :)
 
Hi Evan,

I preceded your technology by over 13 years, before the tech crash and penny increments. Back then we called it watching the "hammer" on Level II. Great for scalping. The risk was not overcoming the transaction costs which ran in the thousands daily.

It's not an efficient way to trade stocks nowadays. I think stocks are better traded interday, making momentary data like what's happening on Level II not all that useful. That's just my opinion, of course.

Regarding WJO and trading versus investing: See my exchange with the Surfdawg. I don't think WJO is accessible like members here at ET. In any case, I don't see your software adding anything useful to the CAN SLIM method, to be honest.

Cheers.
 
Quote from Wide Tailz:

"The best medicine"

1. Leading indicators are trend lines, s/r or any other fractal boundaries

2. "Events" are the intersection of price to these boundaries

3. "Granularity" is the zigzag nature of price action - never straight, never a continuous curve, no matter what time frame

4. "Failure to Traverse" is itself an event, although I haven't figured out the leading indicator for it yet
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Hello Wide Tailz,

As to your point 4, we are discovering that our leading indicators (In the six views of our Level IV Montage™ and our Insiders Montage™) can give clear signals in many cases about this impending traversing or rebounding.

We are studying how to best apply them (we have more than two dozen new indicators) to the decision points traders are pondering.

They are indeed leading indicators because they are covering the pre-transactional side of the market, the Market Maker Bids and Asks.

If you would ever like a demonstration of these, you can check out the recorded webinars we have available at http://info.advancedmarketsystems.com/video/webinar.aspx. If you'd like to see more, feel free to email me directly, and I can set up a screen sharing to show you more and answer any questions.

Thanks,
 
Quote from icarus618:

Hi Evan,

I preceded your technology by over 13 years, before the tech crash and penny increments. Back then we called it watching the "hammer" on Level II. Great for scalping. The risk was not overcoming the transaction costs which ran in the thousands daily.

It's not an efficient way to trade stocks nowadays. I think stocks are better traded interday, making momentary data like what's happening on Level II not all that useful. That's just my opinion, of course.

Regarding WJO and trading versus investing: See my exchange with the Surfdawg. I don't think WJO is accessible like members here at ET. In any case, I don't see your software adding anything useful to the CAN SLIM method, to be honest.

Cheers.
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Hi Again Icarus

Can you tell me more about what "watching the hammer" meant to you back then? I suppose you were talking about looking at a Level II window? Did you have tools to take that that Level II data and look at it in new ways back then?

We've been testing our indicators on intraday and interday trades now, and are willing to try them out as confirmation/rejection tools in addition to any particular trading approach people are using successfully.

The CAN SLIM method, from what I could see at http://www.investopedia.com/terms/c/canslim.asp#axzz2EgaeIevG, is interesting.

The only way I can (objectively) test our indicators on any trader's particular method is to see a record of their precise entry and exit points and the reasoning for them at the time.

The ideal scenario is if they record screen capture as they analyze and make their trades in and out for a series of separate trades. Then I can go to that exact moment in time in our Real Market Replay™ mode, and see what our indicators show in terms of confirmation or rejection.

If can then show the trader where our tool would have helped, they can try it their self, and see if it's helping them directly.

Thanks again,
 
Quote from EvanC:

Hi Again Icarus

Can you tell me more about what "watching the hammer" meant to you back then? I suppose you were talking about looking at a Level II window? Did you have tools to take that that Level II data and look at it in new ways back then?

We've been testing our indicators on intraday and interday trades now, and are willing to try them out as confirmation/rejection tools in addition to any particular trading approach people are using successfully.

The CAN SLIM method, from what I could see at http://www.investopedia.com/terms/c/canslim.asp#axzz2EgaeIevG, is interesting.

The only way I can (objectively) test our indicators on any trader's particular method is to see a record of their precise entry and exit points and the reasoning for them at the time.

The ideal scenario is if they record screen capture as they analyze and make their trades in and out for a series of separate trades. Then I can go to that exact moment in time in our Real Market Replay™ mode, and see what our indicators show in terms of confirmation or rejection.

If can then show the trader where our tool would have helped, they can try it their self, and see if it's helping them directly.

Thanks again,
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Hi Evan,

I misspoke. We watched the "Ax" not the "hammer." I'm getting old and it's these damn Jap candlesticks cluttering my brain.

We watched the behavior of the big market makers in the stock, such as GSCO, MSCO, etc. The Ax was a big market maker that was aggressive on either side of the market, and it wasn't always the same MM every day. You could tell if the Ax was a net buyer or a net seller and how aggressive it was. It would sometimes support the stock on a down day, and on up days it would drive up the price.

For IPO's you saw the primary underwriter support the IPO price on down market days after the IPO. You knew you could always dump the stock on them at that price if you needed to get out. Some of the IPO's that come to mind where this occurred were NTOP, MDCM, ICGE, JCDA. They all eventually "popped" and were big winners for me. NTOP I sold out way too early, as it ran up wave after wave on positive press releases. Still kicking myself for that one, LOL.

There were no "tools" outside of the Level II window to discern who was the Ax and what was going on that day. You just had to sit and watch. If you watched the same group of stocks day after day for months on end, you got a pretty good feel. The brain is a wonderful processor of stuff like that.
 
Quote from EvanC:

Hello Again, Jack Hershey,

It's true I'm working on research, but not as a research organization.

I'm simply looking for people with defined trading styles, who share, or are willing to share, their process and points for entry and exit, so I can test if our own proprietary indicators can help improve the success rates of their trades.

Since we have developed and patented the first ever technology able to deliver, track, process and record Level II and Level IV™ data for up to 1,000 symbols simultaneously per user... and as we can record the same for over 30,000 symbols on the server side... it's giving us a unique opportunity to explore just what can be done with this data.

So far, we are finding our proprietary indicators are offering unprecedented confirmation tools for the early adoptors/traders using them.

For example, our "Insiders Montage™" counts in real time, for each Symbol and Market Maker, how many times today and in the last 3 minutes, they have been first, following, or last at a new Inside Bid or Ask.

With Level II, Market Makers can hide their volume, but not their presence on the Inside Bid or Ask. However, the data changes faster than eyes can track or monitors redraw. Still, the data is there, and for the first time ever, it's being counted in a variety of ways with these indicators.

We are learning that by counting these bid/ask refreshes, we can track pressures in an entirely new way.

With people using trend-line analysis of various sorts to determine support and resistance, often times the biggest question relates to whether that support or resistance will maintain, or be transcended. It's uncanny to see how clearly our tools answer that question in real time, for either a single symbol, or a list.

Our team started with people who did trade, trying to make better tools for for traders. They've been working so hard and long in developing this technology, they can no longer call them selves traders. That's why we are focusing on this quest for successful traders to test the technology upon.

I'd still love to talk by phone if you were willing, as I must admit some of what you type is too cryptic for me, though I can see you are well respected here,

In any case, it's fun to read all the discussion and debate generated so far in this thread. I'm certainly expanding my own horizons!

Thanks Again,
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Absolutely right on.

boy does that patenting intregue me!!! I have many many unique things along the lines of enhansing making money.

I do what you do at least three different and reinforcing ways.

I should give you all of my stuff and then share the patents.

I beliv you are doing more that fixing latency. To me, you keep people out of trouble who are accepting "false" signals. to topic is really "safesafe" oriented trading at about the level of some smart big money.

Possibly, you are able to do "weeding" in the financial industry so as to just focus on those who do make money in more ways than just fees and commissions.

Relative to the CW, I am "out of the box".

You may get a call for a guy whose nick name is "Kit Carson" He knew me when he was marketing sales manager of a major big accounting firm.
 
Quote from jack hershey:

Absolutely right on.

boy does that patenting intregue me!!! I have many many unique things along the lines of enhansing making money.
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"Enhansing" spelling would help, would be "intregue"ing.

Reading your horse crap is hard enough as it is, add bad spelling and boy oh boy, now we got vomit.
 
<b>Since we have developed and patented the first ever technology able to deliver, track, process and record Level II and Level IV™ data for up to 1,000 symbols simultaneously per user... and as we can record the same for over 30,000 symbols on the server side... it's giving us a unique opportunity to explore just what can be done with this data.</b>

I don't believe this is true. First, level 4 is only available to market makers. Secondly, My close friend Alexander Morris has been offering this very similar technology via his tymorra pro platform and I have been using it since 2005.



surf


<I>Scripting / BlackBox Trading: TymoraScript is a Pascal-like Scripting Language (complete with Debugger) that interfaces directly into tymoraPRO and, depending on level of access, enables traders to interface various tymoraPRO features and easily create automated trading systems or add additional scanning or functional forms within tymoraPRO. Also offers complete access to order execution in both live or training modes. no no YES YES - higher levels of access to work with alerts YES BlackBox features! enable traders to create and test complete trading systems in tymoraPRO in TymoraScript (Delphi/Pascal)
BookVU and Participant Analysis Screens and Graphs no no no YES YES
Records and plays back Level 2 market action no no no no tymora RePLAY
Data and Application Compatible with eSignal™/QCharts™ YES YES YES YES can link charts </I>
 
Quote from EvanC:

Hello Everyone,

Who do you feel are the top five stock trading guru's who teach their methods? And why?

I'm doing some research and was asked to review the trading methods of some of the top traders/instructors, so we could see how their methods would apply with some of the novel features of our own Level IV Software.

To that end, I'd appreciate any leads you can give me.

:)

Evan
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Your approach is flawed.
 
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