L2ST experiences? (www.l2st.co.uk) | Trading Reviews and Vendors

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L2ST experiences? (www.l2st.co.uk)

  #17 (permalink)

Jacksonville, FL
Posts: 19 since Nov 2011
Thanks: 14 given, 22 received

I have been trading a live account for just over a year now. I have been in six trading rooms. Three that are not even worth mentioning and three market profile/volume profile rooms. I did the JPJ trial, eminischool trial (They use market profile/volume profile concepts) and Kam (L2ST). I payed the $300 up front for Kam because just from what I saw in the free videos on his website I knew he was on to something special. Kam is without a doubt the best educator/trader I have ever seen. I spent one month in his room and would have liked to of spent a year in there but I can't afford $300 US dollars a month for the service. I'm a new trader with a very small account. For me it was worth the $300 because you get an entire start-up package of videos explaining in depth his methodology and set-ups. You even get an excel performance tracker spread sheet that is modeled after what athletes use to track performance. The guy is a freak of trading nature. His work that he puts into post market review is insane with the performance tracking, meditating, and seminars. He absolutely changed my life as a trader. I saw him hammer out massive trades every week. I think he had two or three Mondays in a row where he lost money and every other day he killed it easily making back what he lost the prior day and then some on the next day. After those loosing days he would show us his P&L later in the week for the very purpose of educating students, that loss is a part of trading and if you have a robust system and a sizable account, you can handle these drawdowns with no problem.

He does call out trades. You do not see his dome but after you see and hear his level of understanding of the markets than you will have no doubt that he is the real thing.

Now the bad part is if you want to trade like him you will need at least a $40,000.00 account. He trades like a Prop trader because he is and was raised through prop trading. They "build" positions. In other words they add to losing trades. They are so confident that price will eventually turn that they continue to sell as price moves up or buy as price moves down. Kam will tell you that his biggest and best trades are these set-ups. This is a problem for someone like myself with a 20K account.

Now, to go a little further on this topic and tell you how impressed I was with him, I have now went back to trading paper to try and figure out how I can trade in this fashion or if its even possible with a 20k account. I have a great journal spreadsheet that tracks max draw down so I will be paper trading for 6 months (5 1/2 more..i started two weeks ago..I'm up btw 10%) to see if my maxdd will be in range. At the moment I am trading like he suggested and that is like this:

If the market is moving up I have three sell zones labeled SZ1, SZ2, SZ3. I take an entry at SZ1 if I get stopped out I wait for SZ2 then try again and vice versa for longs. This is similar to building a position in that my entries are the same I just don't have as favorable of an outcome. He will tell you that it is much harder to trade like this but it's a good place to start.
You are really just picking tops and bottoms and he will tell you that that is what he does and he will also tell you that he is very good at it. When you have an understanding of perceived value and can see unfair highs and unfair lows it becomes quite clear where to enter in the market.

This is how impressed I am with his work that I went back to paper (Very humbling) to try and trade in this fashion. I am also a huge believer in auction market theory and, for me, this is the only way to trade.

Hope this helps..Good luck in your search.

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