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Experience at Live Trading Rooms

  #126 (permalink)

Posts: 1 since Nov 2010
Thanks: 0 given, 1 received

the most important thing, is risk management : size your trade to feel confortable with.
Few trading rooms will tell you that but it's the better advice you can get.
Personnally, i've been in some trading room but consistency and profitability will come from you, day after day...
That's where risk management is capital : you need time to be profitable and if your risk is controled, you have time to become profitable.
Once you are, risk mangement helps you to stay in the game.
I recommend you VanTharp 's book : Supertrader, a must read book.


MktWiz View Post
Hello Traders,

I would like to hear from any of you that could have any previous experience as a subscriber to a Live Trading Room.
I’ve been at some demos at Traders International, Rockwell Trading and also a trading room from Australia called Your Trading Room and it seems they have a methodology that works. Also on the publications of their results the show impressive track records, off course with the disclaimer that those results were obtained on the simulator.
My personal opinion is that I rather use the $4,000 - $6,000 they charge for their services as a “learning cost” and star trading on my own.
I think that at this point in my trading career I have enough experience, discipline and knowledge to start day trading; probably I’m still lacking a specific methodology for my setups, but I’ve been doing pretty well on the simulator and I have a very good knowledge of money management, position sizing and have solid discipline.

I’ll appreciate your thoughts…

Happy Trading
The Wiz

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