Woodies CCI
- Thread starter osho67
- Start date
exactly what I am talking about. We are talking about Woodie
here right? My comment about "blink of an eye decision making
is to be taken with a grain of salt. The way it was meant.
As far as Woodie, No one heard me say he is 100% profitable.
Very seldom did I see him make a 100% day. He is just a majority winner. Interesting that someone had a difference experience
in Woodies room. I don't know what you were watching that was different! Hope you have found something better that works for you! As far as everyone else, The only way you can find out is to try it for a while. "reccomended!
here right? My comment about "blink of an eye decision making
is to be taken with a grain of salt. The way it was meant.
As far as Woodie, No one heard me say he is 100% profitable.
Very seldom did I see him make a 100% day. He is just a majority winner. Interesting that someone had a difference experience
in Woodies room. I don't know what you were watching that was different! Hope you have found something better that works for you! As far as everyone else, The only way you can find out is to try it for a while. "reccomended!
My note was not to diminish Woodie's success in any way, at all. I have a lot of respect for him and all he's done in life. The only question I asked was if an average daily gain of +$150 per ER contract was considered unusual or extreme performance.
Obviously, most emini traders would think that's terrific. Most emini traders are not profitable. We are talking about a skilled, experienced, veteran trader. Any degree of profitability is admirable, as I said. To average +$150 per ER contract does not seem worthy of bragging rights imo.
Job well done? Certainly? Awe-inspiring? You decide
Obviously, most emini traders would think that's terrific. Most emini traders are not profitable. We are talking about a skilled, experienced, veteran trader. Any degree of profitability is admirable, as I said. To average +$150 per ER contract does not seem worthy of bragging rights imo.
Job well done? Certainly? Awe-inspiring? You decide
You couldn't prove he is a majority winner by me. I'm still in the camp that he is a great salesman only. Anyone who is able to create a "cultlike" status without proving he can deliver the goods has certainly got that part down cold.
Sorry Austin I can't answer that. As per my comment about
"blink of an eye", It's obvious I was not profitable at daytrading
emini contracts. Every thing happens too fast and youv'e waited all morning for the setup and bang it's gone and your worn out.
However Woodie has several moderators that traded up to 10
eminis' and they would tally after each session. I was overall
impressed with his moderators also. He also had an end of day
trader in a nother room that would lead you through his setups
each day, This guy would knock your socks off. I never found out how he scanned for a "ghost" "zlr" etc. on an end of day basis.
As far as I am concerned too whoever,Yes it does seem like a cult
doesn't it? It could be that a lot have people have found free trading room with a very nice setup.
"blink of an eye", It's obvious I was not profitable at daytrading
emini contracts. Every thing happens too fast and youv'e waited all morning for the setup and bang it's gone and your worn out.
However Woodie has several moderators that traded up to 10
eminis' and they would tally after each session. I was overall
impressed with his moderators also. He also had an end of day
trader in a nother room that would lead you through his setups
each day, This guy would knock your socks off. I never found out how he scanned for a "ghost" "zlr" etc. on an end of day basis.
As far as I am concerned too whoever,Yes it does seem like a cult
doesn't it? It could be that a lot have people have found free trading room with a very nice setup.
Well, for comparison sake, I have a friend who trades the NQ intraday and averages roughly +20pts per session. That is +$400 per contract average.
Today he only managed +11pts, but some other days he banks +25 to +30pts.
This guy is just a home-based trader, unknown and happy to remain that way. There are a lot of people just like him out there.
That said, let's forgo the usual tired mantra about how such performance will eventually yield $$$ one billion extrapolated into the future with pyramiding. Comparing a top fund manager's performance to a skilled individual trader is akin to judging my Seadoo boat's top-end speed with an ocean liner's.
Such performance is based on short-term intraday trades with NQ... pushing more than 50 contracts at a time would greatly negate performance on slippage.
**
I'm not knocking $150 average per any emini contract, at all. Based on what I've seen some skilled private traders do, $150 per contract is not earth shattering, it is admirable.
Today he only managed +11pts, but some other days he banks +25 to +30pts.
This guy is just a home-based trader, unknown and happy to remain that way. There are a lot of people just like him out there.
That said, let's forgo the usual tired mantra about how such performance will eventually yield $$$ one billion extrapolated into the future with pyramiding. Comparing a top fund manager's performance to a skilled individual trader is akin to judging my Seadoo boat's top-end speed with an ocean liner's.
Such performance is based on short-term intraday trades with NQ... pushing more than 50 contracts at a time would greatly negate performance on slippage.
**
I'm not knocking $150 average per any emini contract, at all. Based on what I've seen some skilled private traders do, $150 per contract is not earth shattering, it is admirable.
Shovel,
You hit the point on the head and then bypass it. No one nails those trades as they don't exist -- blink of an eye indeed. You didn't miss anything.
It's all smoke and mirrors and that's why people like me want to see audited records of Woodie's trading -- and why they never appear.
Regards,
Sam