Is School of Trade legitimate? (www.schooloftrade.com) | Trading Reviews and Vendors


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Is School of Trade legitimate? (www.schooloftrade.com)

  #155 (permalink)

Hawaii at the beach
 
Trading Experience: Beginner
Platform: Nt8, MotiveWave, TOS
Broker/Data: S5
Favorite Futures: ES, ZB fine alcohol and muscle cars
 
KahunaDog's Avatar
 
Posts: 517 since Apr 2013
Thanks: 1,073 given, 385 received

Sot pops up in many of my trading searches on YouTube. I listen to youtube on my multiple drives out to the NorthShore.
I subscribe to various youtube channels like, futures.io (formerly BMT), sot, and others get listened to by me daily. I am going with my gut and will try to make a local trading buddy.

People going with Sot may be misled oar have their own edge.



One issue I saw/heard and didn't like is a video from last week. On CL which has been on a big trend down. The room used a 50tick stop loss on a head and shoulder pattern. Using 2 lots. They to my eyes took the breakout to the downside. Not saying it didn't work but a 50tick sL on CL?
Edit this is an amateur play, not saying I wouldn't take it in large part for scalp, but it has retail trader all over it.


Another related note is I thought they use profiling, either volume or market. What I saw in other videos was use of the footprint profile, Gomis type with some twist.
Who trading Profile uses a 50tick stop? On 2 lots. For fairness he was posting candlesticks in the video.
Volume profile from what I barely grasp tightens stops incredibly cause you see the order flow. So a 50tick sL is insane.

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