A day after my post they did it again. If you trade oil you were 1 and done in the first 1/2 hr with a $1000 per contract. Screenshot attached.
Quit for the day and go play ----
Go Viper Trading Systems-
Someone asked for their motivation to run the room -- Oh I don't know. Maybe they like to "pay it forward" to others. Maybe by calling trades live they hone their skills. Maybe they like to earn another income stream in these trying times. Why don't you take a free trail, then skype them and ask them yourself----
Spark,
Reach around and touch your wallet - make sure it's still there. Best of luck with your magical room, but many have gone before you - never to be heard from again. Preserve your capital, manage your risk. Cheers.
I have tried viper twice and their is very basic system. They survive only during trend and fail big time during choppy days, so if you can survivce range bound with their system
today, I can identify/skip chop much much better than they do
Site Administrator Swing Trader Data Scientist & DevOps
Manta, Ecuador
Experience: Advanced
Platform: My own custom solution
Trading: Emini Futures
Posts: 49,339 since Jun 2009
Thanks: 32,016 given,
96,539
received
Just to confirm that this is not self-promotion (which is not allowed) --- your live trading room is completely free, you are selling absolutely nothing of any kind even "optional", is this correct?
Although I am still new here to this forum and didn't know of that rule, but to answer your question my live room doesn't incur a fee. However the broker I know at the CBOT does charge to be in his room. So to be clear there are two separate rooms one which is free and one that is a charge.
Just curious why would you not allow self promotion? I'm curious by nature when I ask this question. Thanks
Site Administrator Swing Trader Data Scientist & DevOps
Manta, Ecuador
Experience: Advanced
Platform: My own custom solution
Trading: Emini Futures
Posts: 49,339 since Jun 2009
Thanks: 32,016 given,
96,539
received
Your posts have been removed until we can talk privately.
When you join the forum, you agree to our terms and conditions and are told to read them. In addition, you receive an email which states self-promotion is not permitted, and on top of that, vendors must identify themselves to futures.io (formerly BMT) prior to making any post or risk being permanently banned.
Came across this site www.leadingedgetrading.com (.
They give you a one week trial for free and then the room is $300 per month. I have heard that the guy running the room is really good and the signals are pretty accurate, so I called them …
If I can help someone here with my experience I would say EMA for $30.00 per month was worth it.
I tried searching for LET but I didn't find anything. Thanks for taking your time to send me the link.
I think your form is the best and a contirbution should be made every year to it. I just wish there was spell check here to make my spelling look better.
Had the pleasure of joining a small trading room run by a European hedge fund in the UK, and I must say it was a complete waste of time and money. I've learned to trust back-testing new idea's much more than other trader's so called winning strategies. Many of the successful guys in this room just had amazing instincts and feel for the market more than they had winning strategies I could learn from.
These days I rather spend my time back-testing strategies and searching for those that objectively prove themselves than finding guru trading room traders to lead me on.
I remember myself as I was starting out with the desire to learn to trade. Slowly it dawned on me what a monumental task this was becoming, and an expensive one! I went through the process of visiting many trade rooms, reviewing many trading tool-sets, many indicators, systems and methods; and of trying this, that and the other. Most of my early expenses were the purchases of educational programs and tools, and the occasional attempt at trading cash with each of these. One day I lost $3k in about 3 minutes trading the TF! I lost my first cash account of $10k with one month. I lost a lot more after that. One time I was given the opportunity to trade a large account and found out the hard way that my style of trading was not conducive for trading too many contracts on that particular instrument. I lost $15k in 3 days! Most of what I have learned came the hard way and expensively. Do you really want to go through this too? You don't have to, but if you do not stop and start thinking for yourself and what you need to know and ignore everyone else, then chances are you will.
With time I began to realize it was not the tools or the systems that were at fault for my poor results. It was the education I was acquiring. All those concepts about patience, discipline, control, consistency of action, were still just words thrown into the courses at various times. I began to realize that most emphasis in those education courses I bought and was going through was on learning how to trade that system, not the real important stuff I really had to learn. What I really needed to learn was how to control myself, how to place my expectation in line with my ability. I needed to find out what my patience level was. I needed to know what kind of discipline I had and for how long I could maintain it in the live market before I fell pray to the illusions. I needed to know how to track my trading and myself in a way that told me productive things. I needed to know what capitol preservation was and how to apply it in the live market. I needed to know how to cut losers short, how and when to let winners run, and how and what all this stuff looked like in real time. I needed to watch it applied by someone. I needed to learn it over time and for myself. I needed to do my push ups. Problem was I did not know what a push up really was. I had my butt in the air, my feet were too wide, and my head was down, and a lot of other things wrong that I was not even aware of.
I now know that learning the systems and tools is not very difficult. I now know that most are pretty good, and most work well enough to make money with. The reason for so many is that we all have different personalities and will gravitate toward whatever suits our inclinations. In the beginning, as we go through the selection process, most of our decisions are based on inclination and visual intuitive responses. We may like the way the system is presented or packaged. We may like the verbiage and language used. We may just like the moderators voice, or the marketing style. We may be attracted to higher priced systems thinking they are better, and this may just be part of our personality. Bottom line: it really does not matter. Believe me, most systems, whether $1000 or $10,000 work well enough for you to be able to make money with. The best system will probably be the one you come up with. This will probably be just a hodgepodge goulash of all the tools, methods, and systems you have been exposed to, readjusted just the way you can digest them to profitability.
So, I am thinking back again on those courses and trading systems and methods education I took. Some of them had some of those things I really needed to learn stated in their materials and some of them had decent moderators who I could follow. Some of them had a weekly webinar or weekly education session and review. Some of them even let me email a person on their staff with questions. However, very few had any real one on one training. Very few of them had any live trading where I could see the trades on the chart or dom. Few had the trades listed in detail, time stamped in real time for me to examine and learn from. Even fewer had any emphasis on reviewing me and my trading in particular; looking at my journal or going over my trades on my charts. None of them held me accountable in live trading sessions for what I was doing, and none of them spent more than an hour with me doing anything related to my personal struggles as a trader. So I did what most others were doing...I drifted and went about this mostly all on my own.
You need learn the following. How to control yourself. How to place your expectation in line with your ability. What your patience level is. How focused your concentration level is. What kind of discipline you have and for how long you can maintain it. How to track your trading and yourself in a productive way. You need to find some accountable qualifier in real time for your own trading and you need to see yourself in a very obvious and honest way in the live market. You need to do this as inexpensively as possible; or risk spending too much time losing.
You need to have some kind of statistical track record you can rely on for the long haul before you go to cash so you can reliably say it is you - not the system or method - that is failing. Or maybe it is not you because you really are doing exactly what you were doing before to achieve those same statistical performance stats. You need this information now, before you lose too much money and before the dog takes too many bites out of your butt (psyche); making fixing and recovery a lifetime task, and making money a far away prospect.
So, how do you do all this? First, you need to find a complete step by step education course that gives you as many opportunities to learn these things as possible. Somewhere that the trader is good, but not perfect. Somewhere that the trader does not know it all; makes mistakes you can watch and learn by. Somewhere that the trading is in real time in the live market. Somewhere that you can watch someone Else's discipline, patience, concentration and trade tracking. Somewhere you can be held accountable. Somewhere you can practice yourself in real time under direct guidance. Somewhere that you can have one on one periodic reviews of your own trading. Where you can make mistakes in real time and have them pointed out to you in real time while lots of people watch you screw up. Believe me, your mistake producing percentage will reduce itself pretty quickly.
Humble pie is a tough thing to eat on a daily basis. You need to find somewhere that the work required of you is spelled out and quantifiable; where you have to meet statistical improvement milestones, and where your performance and trading in real time is gone over with a fine tooth comb. Somewhere that your frustrations will become apparent and glaring; and where the instructor will get pissed off at you when you make the same mistakes over and over again. I wish I could have found some place like that. Maybe I did, but I did not recognize it. Maybe I just resented it.
There is nothing wrong with going it alone. Most of us did. Most of us failed for a long time. I consider myself one of the lucky ones. I had deep pockets to throw at this.
The best way to get the most out of any education course you take is to become the best student you can. As I look back now, I realize I was a very poor student.
Seconded. Learned a lot from DH. Technically, well up on most. Opinions, just as lousy as the rest of us.
Though I have now left (again) to do without the perceived safety blanket of someone else's noise/chatter/activity/radio/outside world link and will continue to unfreezingly pull that darn 2% trigger instead of fiddling with charts/indicators/software/excuses/etc/etc/etc..., i.e. its A JOB Dumbo.
Anyway, could not say the same about any of the others. Ho, hum.
Most of free trading rooms finally lead to selling something to you, such as software, indicators, newsletter, one on one training...here is my experience...
I attend a free trading room, in the room, the host, whom I respect very much, often tries his hard to induce people to buy his one on one training and newsletter, he always tell people that some advanced classes are for one on one training only. so I paid $1200 for the one on one training, at first few classes, he was fine, but after that, he start to kill time at training session, when he was teaching me, most of time he was typing and chatting with other guys, and lost the topic with me. Such things happened for the rest of classes. Sometimes he cancelled classes for personal reasons, he is a broker too, he hopes I can bring my clients to him, when he found he could not get my clients, he simply cancelled the whole course (the training is not finished yet).
Conclusion: very disappointed about this guy and his course, my feeling is to pay for getting fooled.
Hi Supermht, was this much earlier in your trading education? I remember in the CJ Booth free room a couple of years ago you were doing very well without need for CJ's setups.
I had a similar situation. Room wasn't free, I paid for one month. but the host wanted "everyone" to sign up for the "apprenticeship" which was about $4-5k; Luckily I realized the guy was shoring up the performance with trades after hours and he slipped up the room trades were all sim once. I felt like I was the only client in the room. Sometimes the host would talk to others but it seemed to be other "staff" or always the same "other" "clients". They didn't show how many others there were in the room. I did a review post on the place a year ago.
The following user says Thank You to Cloudy for this post:
1) it is free of further monthly extra costs plus surprises
2) I know "I am the only one" in there anyway (except the cat)
3) the risk on any trade taken is solely on my side
4) every winner goes to 100% into my pocket
and last but not least
5) I have no need to cancel a costly membership
hmmm - forgot about the sexiest: I can trade on SIM
or for REAL and NOBODY cares
GFIs1
The following 5 users say Thank You to GFIs1 for this post:
Hard work, harder work and more hard work.....honesty, self-reflection, accountability, mental fortitude and pristine money management. Your success is in your hands, and yours alone. Trading education is a wasteland. Few beacons of light. I would however recommend marketgeometry.com. Not a trading room. But a solid educational site run by a great, world-renowned trader (Tim Morge).
I recommend the Klowne Roome, links to which are posted in the futures.io (formerly BMT) Forum chat box from time to time.
It has charts that show some unusual ideas that may be useful in addition to normal charts of ES that you already have (don't you?) with stuff like VWAP bands for timing entries based on trend continuation, mean reversion, etc.
It's just an informal screen share and the only cost is having to put up with me. Can only hold nine visitors and I am not sure how much longer I will be doing it.
"If we don't loosen up some money, this sucker is going down." -GW Bush, 2008
“Lack of proof that something is true does not prove that it is not true - when you want to believe.” -Humpty Dumpty, 2014
“The greatest shortcoming of the human race is our inability to understand the exponential function.” Prof. Albert Bartlett
The following 2 users say Thank You to Zondor for this post:
".........I strongly advise you stay away from ALL of these places. Look, I don't want to tout futures.io (formerly BMT) as the best place ever, but you really can learn a lot more from this forum (and for free, or the price of a small donation -- very tiny in comparison to these other sites) than you can learn from these other sites selling indicators or trade calling services. That is not to be said one of these places may be worthwhile, but for the most part, no one can sell you something that is going to make you a better trader, no matter what that something is. You asked for my advice so there it is.......
I agree with Big Mike on the above statement.
I have been to many rooms, paid or free, many are not trustworthy. Even the honest one does not know how to trade profitably. So those rooms come and go. Check out Paltalk rooms for trading. You will see my point. If you decide to go into a room, just watch and DO NOT actually trade for at least 1 months, not just 1 day or 2. IT's your hard earned money, don't loose it because it appears to be good. I have seen it many times. Some room owners was doing fine for the first few days or weeks then everything went against him/her. Also, stay away from those that sweet talk to you how good he is. One of my worst experience was with this Marek (polish accent guy) ,he is a crook 100%. Do not go into his room under any circumstances. If you want to learn Market Profile, James Pendleberry is a honest guy. But mp is widely used. IMO, price action is the best.
Join a room for your learning benefit and not for following others.
Just do what Big Mike suggested, learn yourself. I am now a better trader when I learned it all myself.
It many take time but definitely will save you money in the long run; so later you can use that money to trade when you are good and need it.
Good luck to your search.
The following user says Thank You to FHTrader for this post:
Then back that up with substance. Show your trades, the techniques being used at a high level. You don't need to review any secrets, we've been around the block long enough to be able to tell if something is valuable or not. Don't point us to some cheesy web site!
Also, you seem new to trading, winning strategies stop to work after market conditions change. Seasoned traders here can validate if your claims have any value. We've been on a strong uptrend, the market is very forgiving these times.
The value of this forum is exactly to avoid the hundreds of bad businesses out there, if you are not willing to contribute in that way, there is no point in posting here. We come here to help each other as traders and avoid the pitfalls that many of us went through when we started trading (btw, if you really are in this for the long term you will not really need any newsletter... )
Be careful out there and good luck!
Anyone has experience with Jigsaw Live trading room durin Eurex session with the trader named Stephen Kelly?
I heard he trades his live account and show his DOM in the room?
Any feedbacks or reviews? Live Trade Room with Stephen Kelly - Jigsaw Trading
The following user says Thank You to justtradeit84 for this post:
Why not take a free trial to see for yourself? Peter´s a stand-up guy and as transparent as they come in my experience - I´m going to check it out myself, didn´t know he had a live room.
I think the trial period is gone.I didnt have much time to join during the trial period coz of the fact that the room only runs 3 hours during european session. During short period of time I was in there during the trial, Stephen didnt trade live and only talked about his method.So,I am not sure he is trading live now.
There is no trial now I guess
Yes. I can´t find a free trial either. That surprises me. I´d too welcome reviews on this trade room, I´m not putting down any hard cash without a trial (or at the least a money back guarantee), been down that road too many times now.
There´s a few links for chat room/live room/ but I can´t see any current trial. Maybe Peter can confirm?
I noticed that DionysusToast is a vendor. Probably been identified as a vendor for a long time but I just noticed it and went to his website. Found a free offering of a book called "Surviving Day Trading" and read it. I found this book to be …
Stephen shows DOM reading. Takes several trades, but results are not impressive. He emphasizes that is more educational , not trading room.
All this stuff you can learn by watching free jigsaw webinars.
And i doubt if Stephen is profitable trader.
There are 30 members in the room. 30 * 200 USD = 6000 USD monthly. Not a bad salary). Make you own conclusions and do not waste time and money for trading rooms.
The following 2 users say Thank You to Ingvar for this post:
He is now Offering $150/mo for the ES only (I think it's 3 days a week)
Any experience in this Live Room with the live trades?
Thanks.Starting this week, we will be opening the Live Trade Room from 8:00am to 11:30am Eastern Standard Time in addition to the existing 8:00am to 11:30am Central European Time sessions. The US sessions will be on Tuesday and Thursday only.
Stephen will be focusing on trading the ES (e-mini S&P 500) futures in these sessions, looking to take advantage of the moves into the open and through the first 2 hours of trading.
As with the Eurex sessions, all trades will be live with the DOM displayed and Stephen will show his trade summary from the S5 Trade Analyzer at the end of the day. No smoke and mirrors, just solid trading.
As we will be doing less days, we've also added a "US Only" subscription for those that just want to see the US sessions. This will be available at the reduced cost of $150 per month.
Thanks, Great topic....
Another thing that I would add to the discussion is that I find a few things to be true about trading rooms for me:
(Please note: for me, and IMHO as the market has humbled me on more than one occasion in my short lifetime.)
1. I am not disciplined enough to take the trades when the room is taking a trade.
2. Rooms always seem to be making money when I am not in the room, or so are the claims of the rooms that charge $$$ when asked.
3. Even if you have the discipline to follow the room exactly your order fill will be vastly different than everyone else in the room.
Okay with that all said as you can guess I don't trade in rooms and avoid them like the plague. Wish that the cost of tuition for learning the market was only $4-$6,000, but I guess for each person it is different.
One thing that I am very thankful for is that I am a member of this site Big Mike's Trading and that there are tons of people that are very knowledgeable about just about every type of trading here. When I get to the level where I can ask the right questions I just may start doing so. ;-)
Have a great day. Lastly, for those using rooms to trade where it is working for them; well then if it is working why change. Yes I am saying that trading rooms can be good, just not good for me at this point in my trading career.
p.s. I have belonged to three different trading rooms in the past, with little to no success in the past.
Currently have two rooms that I listen to now off and on, but not for trading, more because I like to get a feel for what others are doing, and market metrics.
Day Trading Radio has a good serious group of futures traders. Most of them are Jigsaw and EminiWatch players. They are also creating innovative products for the Emini SP 500 and futures traders.
7-day trial
Quick 1-2 point trades. 1-5 per day
Most cases notifies you that a trade is going to happen and you get an alert
Most of his trades are accurate and consistent.
Doesn't go on indicator, just reading the market.
You get some idea of what, how the market works and reacts. Questions are always answered.
Free Slack community on #general but not that active.
I want to let other know about a company called Buyside Global and their Trading Room. They advertised on a NinjaTrader Webinar and I liked what they had to offer. I always ask "does this indicator work for Forex". I was told, "it works with everything. Of course, you have to rent the indicator to have access to the room where it is featured. Nevertheless, on the first day I began using the indicator and entered the room, I asked about Forex. All they were trading was Futures. I was told "we don't trade Forex in here. But, we will find someone who trades Forex and have them get in touch with you in how it works." Long story short, I ended up putting a review on the company. Their Trade Room was a bad experience. To their credit, they did refund the money after numerous complaints.
I am paying Al Brooks a $100 a month to be in his trading room and beside the course I find it immensely valuable. His calls on the direction short or long term are uncanny and he explains his rationale. Nothing is blackbox. 2-day FREE https://www.brookspriceaction.com/portal.php?page=9
I certainly agree, there is no better way of learning than from your own mistakes trading live as there are no consequences trading on a demo. In regards to educators, yes, many of them obtain their results off of the simulator. I agree wholeheartedly with Big Mike that 'no trading room can make you profitable.'
