bill mcdowell | Trading Reviews and Vendors - futures trading strategies, market news, trading charts and platforms

Trading Reviews and Vendors

Discuss and review vendors of commercial trading products, trading rooms and services, trading indicators or third-party paid add-ons


bill mcdowell

  #50 (permalink)

Trade with the flow
Paris, France
Trading Experience: Advanced
Platform: Market Delta & Ninjatrader
Favorite Futures: ES
cunparis's Avatar
Posts: 2,565 since Jun 2009
Thanks: 1,157 given, 2,059 received

TheSeeker View Post
I have trialed the L2ST room. I like their setups.

It is true, however, most of the trades were called after the fact, i.e. " we had a lovely divergence here, there was a great entry there" etc...while Kam was chatting away during the trading session, making it hard to focus.

I have also been following FT71 and he is probably THE trader you can trust on the internet !

I have found that commenting on trades & setups and actually placing trades are two completely different things. PLacing a trade you have to time entry, determine your stop, manage your trade once it's on, etc. It's easy to call them in hindsight.

For a few weeks Kam was trading showing his DOM (supposedly real money) and the results were not impressive. Just above breakeven. For some reason he stopped that, I assume because he wasn't able to trade profitably, otherwise he would have continued.

Be careful of "setups". That implies a mechanical way of looking at the market, which is dynamic. Each situation is unique.

I learn a lot from FT71, in a more conceptual nature. He often tweets things before they happen rather than commenting in hindsight. And it's free. I can't see any reason to pay someone to comment in hindsight when you can follow FT71 for free.

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