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Experience at Live Trading Rooms


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Experience at Live Trading Rooms

  #121 (permalink)
sequentialb
USA
 
Posts: 16 since Jul 2010
Thanks Given: 0
Thanks Received: 3

Thanks for the reply. I learned of Nadeem's room as a result of khan's posts. There is no website, no performance history logged, and of course no trial offered. You pay $500 upfront if you don't want any training or $1500 for training. This does not include the monthly subscription fees. I had my suspicions after taking note of all of the above.


hoeman View Post
Hi, I have reason to believe that khan786 is a vendor who did not register his identity and is self-promoting using the forum.

Take a look at his profile and about me.
https://nexusfi.com/trading_member/4073-khan786.html

It says he's in Missisauga

Then look at Nadeem Maqsood: day trading Teacher, MISSISSAUGA - Canada

Guess what? Missisauga again

@Big Mike Look at all his posts in this forum. Most are of him singing the praises of Nadeem (himself). I see that you've visited his profile before, so I'm sure you have your suspicions too.

So guys, be careful of this Nadeem trading room.


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  #122 (permalink)
 
Private Banker's Avatar
 Private Banker 
La Jolla, CA
 
Experience: Master
Platform: Sierra Chart, X_Trader Pro, OptionsCity
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Posts: 1,038 since Jul 2010
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Live trading rooms can be beneficial for brand new traders that should be trading SIM. The problem with these rooms in the long run is you risk becoming reliant upon someone else's trade ideas/recommendations.

Trading is a very cognitive profession that involves essentially no communication with anyone really. Unless you trade with a full service broker. Beginner traders should learn about markets, setups, trading plans, etc. that may be offered from these rooms and move on to formulate their own strategy and plan and trade on their own. Take these trade rooms as a brief "seminar", learn and move on. And of course, avoid anything that offers guarantees that they'll make you tons of money. If you absolutely need someone to bounce ideas off of, I would recommend finding a trading partner that has the same (or near) strategy that you have that trades the same market(s).

You'll save yourself a lot of money as well...

Cheers,
PB

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  #123 (permalink)
 
rtrade's Avatar
 rtrade 
Paradise, USA
 
Experience: Beginner
Platform: Big Charts
Trading: E-mini, Forex, Futures, Equities, Options
Posts: 499 since Nov 2010
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Private Banker View Post
Trading is a very cognitive profession that involves essentially no communication with anyone really.


This so very true! Unfortunately, joining these trading rooms is just part of their educational process. Looking back he/she would say, "that trading room was a waste of money." But in reality it was part of their education...costly but nonetheless their education.

"Faith is the substance of things hoped for, the evidence of things not seen." --- "Therefore, I Believe it and I will see it. And every day and in every way, I am healthier, wealthier, and wiser."
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  #124 (permalink)
 
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 Big Mike 
Manta, Ecuador
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  #125 (permalink)
joanguma
Barcelona-Catalonia-Europa
 
Posts: 4 since Oct 2010
Thanks Given: 2
Thanks Received: 1

Hallow guys,

I've subscribed in IOAMT Trading Room. They work with market profile and footprint charts and trade the mini SP in a short timeframe. I'm really happy to have found them. They are serious. Bill Duryea (and his team, Grass Hopper, Alex Benjamin,etc) is a very good trader, and the most important, a very good teacher. He takes his time to explain in detail what he does and why he does it. He covers practical and theoretical aspects of market.

It has been difficult but I think that I’ve finally found what I was searching. I recommend him to anyone who want truly improve.

Trust me, I’m a simple trader and I don’t have any commercial relation with IOAMT. I hope my information can help you.

Best regards for everybody.

John Guma Bondia
Barcelona-Catalonia-Europe

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  #126 (permalink)
Maverick
france
 
Posts: 1 since Nov 2010
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Thanks Received: 1

Hi,
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.

Cheers,
Mav.


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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  #127 (permalink)
Al2010
 
Posts: 50 since Oct 2010
Thanks Given: 36
Thanks Received: 10

Hi,
And of course I meant one of many good days with Cannon live webinars.
Please see attached. just sharing, not com/info-mercial.

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  #128 (permalink)
Al2010
 
Posts: 50 since Oct 2010
Thanks Given: 36
Thanks Received: 10

Please see attached - second rollover day.
If any of you is interested and thinking about joining the Cannon trading for trial or more then mention that you are coming from BigMike's trading forum. I cannot post links to their webinars here as I'm not an Elite member...
Thank you.

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  #129 (permalink)
Al2010
 
Posts: 50 since Oct 2010
Thanks Given: 36
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Please see attached.

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  #130 (permalink)
Volts101
Vancouver BC
 
Posts: 13 since Dec 2010
Thanks Given: 8
Thanks Received: 5



Al2010 View Post
Please see attached.

I have paid for several trading rooms over the years....
Their most important contribution is costly education; even if it is to make you realize what doesn't work or suite you....
I currently subscribe to Absolute Day Trader.
They call 2 sets ups (ES & TF) each morning usually just before the RTH market opens.
No education just a computer generated system.
I use them on a daily basis as a discipline in the morning to get me started trading for the day.
I do not follow their sets up to the letter but modify per my own judgement and indicators based mainly on what I learnt from Trisha at Easy e Mini - another good trading room.
Anyhow, they can be quite profitable; 4/4 days this week so far...
Another good room with impressive published results is Puretick; Alex trades the YM and gives good education.
rg

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