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Trading Reviews and Vendors


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tradeitdontdateit.com

  #10 (permalink)

Elite Member
Chicago
 
Futures Experience: Advanced
Platform: custom
Favorite Futures: ES
 
traderlars's Avatar
 
Posts: 96 since Dec 2009
Thanks: 1 given, 92 received


first things first, if you bother to watch his "live stream" during the trading day, you'd notice that he DOESN'T EVEN LET YOU WATCH HIM TRADE during the morning session and during the afternoon. sometimes he lets you watch him trade pre-market and sometimes during the lunch hours.

so..... why won't he let you watch him trade? he would rather you didn't watch him trade live, he'd prefer if you watched his edited videos on youtube..... doesn't make sense..

second, he doesn't scalp, but he does read tape in conjunction with support and resistance on the tick charts. also he scales into positions and does take some drawdown, he trades anywhere between 100-500 lots on the ES and usually less than 50 lots on the euro and oil

thirdly, it can absolutely be a sim trading account. it just isn't the non customer "testing" sim account. usually when you sign up with brokers they give you a real account number and a personal sim account number that look pretty similar and are totally different from the public non-member testing sim account that non-customers can access.

now i'm not saying he is a sim trader because while watching him trade i can tell he is reading order flow to validate support and resistance also i can see his 50 lot limits being front run, i just think its stupid that he has a live trading room and doesn't keep his screen open during the high volume hours of trade. i personally would like to watch how he manages his risk while trading 250 lots but since that's only for "best trade" reruns, i guess i wont bother with him anymore

---disappointed


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