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What is your experience with thetradescalper.com approach?

  #28 (permalink)

Trading Experience: Master
Platform: Ninja
Broker/Data: IB
Favorite Futures: Stocks
MrBean's Avatar
Posts: 109 since Jan 2010
Thanks: 26 given, 24 received

shodson View Post
It's marketing: just trade for 1hr a day and your done! Now you have the rest of the day to sail your yacht, lay out by the pool, or get in 18 holes down at the country club. You're living the American dream!

I watched some of his webinar videos on YouTube. He claims to have 80+% win rates.

If it were 90%+ it would be worth considering, me thinks. If 73% is needed to break even, then in a perfect world 80% would do, but in my world 90%+ would be needed to make up for inevitable losses due to human weaknesses.

I tested it again just now 8 winners , 2 losers ( not counting one loser, trade #5 , in which I went against the trend - a kamikaze gamble trade, the human weakness I mentioned! ). That is $150 for the day. I might try this strategy on SPY then I can take 2 lots (200) and scale out. Oh, it doesn't include commissions that would be $50.

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