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The Rational Trader trading room/ system


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The Rational Trader trading room/ system

  #21 (permalink)
 
WilleeMac's Avatar
 WilleeMac 
Prospect, KY. USA
 
Experience: None
Platform: Sierra Chart
Broker: Infinity
Trading: /CL
Posts: 687 since Jan 2012
Thanks Given: 309
Thanks Received: 617

Shane has a FREE webinar on using Zig Zag on price and Zig Zag Cumulative Volume for determining trend and order flow for entry


Quoting 
This is part two of a series. With the foundation set last week in part one we will now combine wave volume and order flow signals to make trade setups: wave volume gives us the direction; order flow gives us an entry.

First session of the two part series The Rational Trader

Second session 9-23-2015 1400ET

Register here The Rational Trader

-William

Full disclosure: I have no vested interest in the Rational Trader - I'm just passing info on to those that might be interested

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  #22 (permalink)
 
WilleeMac's Avatar
 WilleeMac 
Prospect, KY. USA
 
Experience: None
Platform: Sierra Chart
Broker: Infinity
Trading: /CL
Posts: 687 since Jan 2012
Thanks Given: 309
Thanks Received: 617

I just received an email saying they are restructuring their pricing.

As of today the service is 95.00/ month and it's going to 247.00/ month or 597.00/ quarter.

He supplies proprietary studies for reading price action.

IIRC the live trading room is 0800amET to 12noonET M-F.

For more info visit his website

-William

Full disclosure - I have no vested interest in this service nor do I use it, I'm sharing information

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  #23 (permalink)
emini2000
Atlanta GA USA
 
Posts: 285 since Aug 2013
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You still following him? If so, how is it going now?



coolriverjoe View Post
Here is my summary of Shane Handy's trading site The Rational Trader. From January 27, 2015 to April 30, 2015, I have been in the trading room with Shane everyday and have taken every CL trade from Shane as instructed. I did not make any attempt to change the trades in anyway. I just followed exactly how Shane put on his trades. These trades are tick for tick live real trades with my personal money at risk. As instructed I traded a live "small account", small being $5000 in the QM contract which is the mini oil contract for a small account to take into account the wide fluctuations and swings for oil. Shane bases his trades off the movement of CL and incorporates that into QM to keep the risk to reward ratio the same for both CL and QM. Shane trades the same QM and small account in his live room so the results are near identical accept for a tick here or there for slippage on rear occasions. Shane recommended this approach because in his terms, you will only learn in real live situations with real money on the line.

In the four months of watching and three months of trading, Shane gives good sound reasoning in regards to order flow and what is going on in the market. As for implementing his theories and executing them, as I have stating before, there is a lot to be desired.

I have included my stats for the three months of trading. They are screen shots of my ninjatrader. They include, summary, trade by trade, and daily. There were 62 total trades in the three months. Broken down, there was 12 break evens, 14 winners, and 36 losers. The summary page shows 26 winners, but ninjatrader shows break evens as winners and not a tie. For the three months of trading with Shane, I am down -$362.50 in trading, -$236.84 in commissions, and -$285 in Shane's fees($95permonth room fee x 3 Months). So all toll in three months of trading along side Shane Handy, I am down -$884.34.



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  #24 (permalink)
 
WilleeMac's Avatar
 WilleeMac 
Prospect, KY. USA
 
Experience: None
Platform: Sierra Chart
Broker: Infinity
Trading: /CL
Posts: 687 since Jan 2012
Thanks Given: 309
Thanks Received: 617

I got to thinking about this new price structure.

I stumbled on to TRT about this time a year ago and clearly remember him saying his price structure is based on helping folks learn to trade and how expensive other live trading rooms are, and how the common person starting out trading can't afford them.

Let's do some simple math. 30 folks are in the room at 100.00 each is 3000.00 month income. That same 30 folks is now 6000.00 month income.

I understand there's expense associated with this income etc.

I'm fairly certain there's more than 30 people in the room then and now. So is this about teaching or income ??

I started a thread in Sierra Chart about using Jeff Augen's standard deviation/ price spikes. If TRT interests you, this study may perhaps be of use, especially for the price.

And to think of it, eminiaddict (D Halsey) who has the same philosophy of helping folks learn to trade still has the same price per month - his live trading room is more than three/ four hours a day.

Anyway, food for thought

-William

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  #25 (permalink)
 OMWF 
Australia
 
Experience: Beginner
Platform: Tradingview, Amibroker
Trading: ASX
Posts: 63 since Apr 2018
Thanks Given: 59
Thanks Received: 29

Has anyone used TRT in the last few years? All reports here seem to indicate a reasonably trusted set up, but one which is unable to generate profit. Is this still the case? Thanks.

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  #26 (permalink)
 OMWF 
Australia
 
Experience: Beginner
Platform: Tradingview, Amibroker
Trading: ASX
Posts: 63 since Apr 2018
Thanks Given: 59
Thanks Received: 29

Looks like the Rational Trader has closed down. With results like those, it's no wonder. Did anyone have success with it?

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