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Experience at Live Trading Rooms


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Experience at Live Trading Rooms

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  #171 (permalink)
Stockholm
 
Experience: Intermediate
Platform: Nanotrader/ tradestaion
Broker: WHS / TS
Trading: EC / SI / ES / BP
 
Posts: 19 since Mar 2011
Thanks: 8 given, 5 received


Big Mike View Post
Are you a vendor? Are you selling something? Are you in any way affiliated with a vendor that is selling something?

Mike

Hello Mike,

No, I am non of them.
I am a user of a an automated program that works really good.
but I am not selling it myself. I bought it myself.
But since I know that some forums might see it as advertising, I did'nt put it out here
but people may contact me in private or mail me about it

Bucky

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  #172 (permalink)
Italy (IT)
 
Experience: Advanced
Platform: ATAS, R|Trader, NT8
Broker: Rithmic
Trading: CL, Brent, GC, TF
 
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Lamboo View Post
Hello Mike,

No, I am non of them.
I am a user of a an automated program that works really good.
but I am not selling it myself. I bought it myself.
But since I know that some forums might see it as advertising, I did'nt put it out here
but people may contact me in private or mail me about it

Bucky

You can start a new thread here without problem if you aren't a vendor.

Take your Pips, go out and Live.
Luke.
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  #173 (permalink)
paige tx
 
Experience: Beginner
Platform: ninja
Broker: used to be PFG
Trading: futures
 
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Posts: 53 since Sep 2010
Thanks: 184 given, 30 received


Howdy,since you had Brooks book,,,can you give me a review and let me know if you think it is worth the price,,,,thanks jrs
plethora View Post
Metal, just saw this post and a very kind futures.io (formerly BMT) soul emailed the book to me last night.
I began to read it and I agree that it may be the last technical trading book I need.
Thanks again to Sleepy and thanks to you for mentioning it.


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  #174 (permalink)
paige tx
 
Experience: Beginner
Platform: ninja
Broker: used to be PFG
Trading: futures
 
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Posts: 53 since Sep 2010
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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



IF you are just getting started,or you are looking to learn,,someone has a FREE or almost free TRIAL out there,,, on almost all trading styles,,,and there is so much free stuff here.
Most of the really good ones don't charge that 4000 or 5 grand,,they just try to cover cost..
and if you learn nothing on free trial,they really are just after your money,,,
The good ones are Teachers and not salesmen,,,you can learn tons,, on their site also,and they are almost always teaching in their trading room,,not asking you for money

Moral of story,,,try lots of trials, they are FREE,,and if you just have to give away money,send it to me...JRS

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  #175 (permalink)
NY + NY/USA
 
Experience: Advanced
Platform: Ninja
Broker: Optimus Futures- Rithmic
Trading: CL, 6E
 
Posts: 236 since Nov 2009
Thanks: 11 given, 1,270 received

One key issue you mentioned is that you do not yet have a specific methodology for your setups. I suggest you get this part solidified first before you venture into cash.
Start simple. Call setup # 1 Janice, setup #2 Billybob or something descriptive like BASIC TREND TRADE or COUNTER TRADE AT KEY LEVEL #1. Have profit opjectives defined for each setup, as well as capitol preservation minimums for each setup.
Once you go to cash, real loss will set in. REAL HARD CASH LOSSES will most likely build up in the beginning and you will most likely start with a drawdown. So, having some solid descriptive plan that includes your setups and market approach (methodology) is going to be crucial. You are going to have to rely on this plan to get you through. You do not want to be changing things, changing strategies, trade management, etc every few days or every other week.

So, get the plan outline done, include a descriptive outline of money management that goes with your setups, and some defined consistent method of approaching each trade, each trading day, each instrument; just about everything involving the activity of trading.

I would suggest that you have about 90% of all your decisions made before you trade cash. Then just sit and wait for the trade, trade it without any unknown decision making required. When you get a loss, take a deep breath and think about what you were thinking about, write it down, and trade again.

Define the reasons for the losses honestly. Pinpointing the reason for losses is crucial. This will help you discover just how good your "methodology" is and what needs to be fixed...if anything. Losses are part of the game, so expect them and know just how many constitutes par for your methods.


Good luck!

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  #176 (permalink)
Fort Lauderdale, FL
 
 
Posts: 2 since Apr 2011
Thanks: 0 given, 0 received

I located an interesting trade room that trades the euro 6e and emini es. I think I found the website somewhere on this forum. I did not save the web site and am not able to locate it anymore. They had a 14-day free trial and then charge $95 per month. They show each days results on the performance link. The guy who runs the live trading room prefers the euro over the ES. If anyone knows the link to the web site please let me know.

Thanks.

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  #177 (permalink)
Dallas,TX
 
Experience: Intermediate
Platform: NinjaTrader, OpenQuant
Broker: Zaner/Zen Fire
Trading: ES,6E,6B,GC,CL
 
Posts: 598 since Nov 2009
Thanks: 176 given, 120 received


RM99 View Post
I'm still a member (lifetime membership) of a trading group that meets daily (skype) for 2 hours. The moderator calls out the trades and it's very successful..

The problem for me was that I didn't have a large enough account to utilize their strategy.....1-2 ticks a day profit is not feasible for me. For someone with a very large account, that works just fine. That and I didn't feel like I was learning all I needed to learn in order to do the same strategy on my own....so if the moderator went toes up, I'd be dead in the water.

So I unleashed my ego and decided I could do better on my own.......

Hi
Can you give me detail of the room

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  #178 (permalink)
United States
 
 
Posts: 5 since Apr 2011
Thanks: 0 given, 0 received

There just has to be at least one legitimate live trading room out here that is profitable to trade with. Where is it?

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  #179 (permalink)
NY + NY/USA
 
Experience: Advanced
Platform: Ninja
Broker: Optimus Futures- Rithmic
Trading: CL, 6E
 
Posts: 236 since Nov 2009
Thanks: 11 given, 1,270 received


Gary65 View Post
There just has to be at least one legitimate live trading room out here that is profitable to trade with. Where is it?


It could be any one of them.

The key to it being profitable for you is you. Does not matter what the moderator makes, or calls. What matters is how you handle your trading. If you can completely trust that moderator trader, then I suggest you approach him/her and have them trade your account for you, or ask if they have a automated system you can just run.

Otherwise the legitimate live trading room that will be the most consistently profitable for you is the one you run yourself.

I have an essay on this forum somewhere about trading rooms and how to make them profitable for you. It might help you discover that it is what you do in the room, not the room itself that makes the difference.

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  #180 (permalink)
Fort Lauderdale, FL
 
 
Posts: 2 since Apr 2011
Thanks: 0 given, 0 received



jeffstar View Post
I located an interesting trade room that trades the euro 6e and emini es. I think I found the website somewhere on this forum. I did not save the web site and am not able to locate it anymore. They had a 14-day free trial and then charge $95 per month. They show each days results on the performance link. The guy who runs the live trading room prefers the euro over the ES. If anyone knows the link to the web site please let me know.

Thanks.

I'm still looking for the room I once located and can't find again. When I find it I believe I will have found a room that is profitable for all who attend.

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