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Experience at Live Trading Rooms


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Experience at Live Trading Rooms

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  #51 (permalink)
Paris, France
 
Experience: Advanced
Platform: Market Delta & Ninjatrader
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darthtrader3.6 View Post
The whole idea of a trading room though is illogical. The online poker world has similar coaching websites like trading rooms but at least those make sense from a self interest standpoint of those who are coaching. The customer pays you money so you can help them move up to the stakes you are playing at, both sides benefit as the one doing the coaching has now increased the size of the economy they play at and the one buying the coaching is a better player.
In trading with only one level/stake and so many other avenues as far as managing OPM, the only logical reason to open a trading room is because you are sick of the volatility of trading itself and want a more steady cash flow. Which begs the question if you are really a good trader if you are sick of the volatility of trading...
Not to mention from the customer perspective, you are basically paying a lot of money to get knowingly front ran.

Have you ever been in a good trading room with a profitable trader who explains what he's doing?

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  #52 (permalink)
virginia
 
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webart View Post
T... and they will not take me off the email list even after several polite requests.

request to take off a email list is the same as yes this is my valid email please send your spam.

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  #53 (permalink)
Australia
 
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True, but they know its valid as I used it to signup with. I would never reply to random spam.

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  #54 (permalink)
Site Administrator
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Report them to the FTC. There is a "can spam" act, it is law.

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  #55 (permalink)
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Thanks I will, I was looking for somewhere to report it.

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  #56 (permalink)
near Amsterdam
 
Experience: Advanced
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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 spent nearly 3 years(!) in Barry Lutz' trading room Emini Day Trading - Emini Day Trading Video - Emini Day Trading Strategies , I think 2001 / 2 /3. I see he's still going - please bear in mind what follows is a testimony from my experiences over 7 years ago.

I never quite got there during that period - I'd now say I hadn't sufficiently resolved various psychological aspects of the trading puzzle (an ongoing process in my case) - although what I learned still totally informs the way I trade, even though what I do is much more basic and far less efffective. I still review his recorded webinars from time to time.

Barry posts his trades in real time (at least he used to) and is a master trader. I have met him personally and would certainly recommend him to anyone wanting to learn to daytrade. Whether he fits an individual's needs or personality is up to the individual to discover. I have not communicated with Barry for many years, but as you can tell, I have the greatest of respect for him. He doesn't suffer fools gladly, but always did his utmost to try to assist sincere subscribers. Way back when, he used to post his daily results to his site - I think he stopped as he was criticised on places like Elite Trader by people who refused to believe someone could consistently make multiples of the daily range day in / day out.

I've written more than I intended and better stop before someone thinks he's paying me... and please remember, I didn't say it was easy...

J.

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  #57 (permalink)
manchester
 
Experience: Intermediate
Platform: tradestation
Trading: oil
 
Posts: 57 since Mar 2010
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Has anyone ever traded with Bontrade?

They mainly trade CL (oil) which i do have experience trading with already.

They charge $399pm which i feel is steep. I have attended the room on a 1day trail but they do not go over reasons for entries, exits etc as the room is only in text(no voice) calls or explinations for entries. The room does open in the afternoons where they go over the trades entries, but u are not aloud to enter this as a trial member? which makes it difficult to get a feel if its suits?

Having said that i would like to hear from people who have traded or are trading with Bontade for there thoughts

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  #58 (permalink)
NY + NY/USA
 
Experience: Advanced
Platform: Ninja
Broker: Optimus Futures- Rithmic
Trading: CL, 6E
 
Posts: 236 since Nov 2009
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Bankrobber View Post
Has anyone ever traded with Bontrade?

They mainly trade CL (oil) which i do have experience trading with already.

They charge $399pm which i feel is steep. I have attended the room on a 1day trail but they do not go over reasons for entries, exits etc as the room is only in text(no voice) calls or explinations for entries. The room does open in the afternoons where they go over the trades entries, but u are not aloud to enter this as a trial member? which makes it difficult to get a feel if its suits?

Having said that i would like to hear from people who have traded or are trading with Bontade for there thoughts

IMHO - rooms like this prey on your fears and insecurity. Go find a transparent room. There are no secrets in trading. It is the method you can work, not the method itself that makes the difference.

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  #59 (permalink)
BRAZIL
 
Experience: Intermediate
Platform: NINJA TRADER
Broker: NINJA TRADER
Trading: RTY, ES, CL
 
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Posts: 40 since May 2010
Thanks: 5 given, 6 received


Big Mike View Post
No trading room can teach you how to be profitable.

I would avoid Traders International at all costs, in particular.

If you are a complete trading newbie then a trading room like EOT's for $233/mo can at least teach you basics, what a future is, all the acronyms, how to do stuff with your platform, things you have to know. But they can't teach you how to trade, no one can.

The best thing you can do is set aside all your money and make a promise to yourself that you won't spend a single dollar trading for at least 24 months from today, if you are just getting started. Then spend 60-80 hours a week for the next 2 years learning. But since most people think that doesn't apply to them and they can somehow beat the odds, the next best thing is to be completely honest about everything to yourself, and keep a Journal of your trades and journey in our Journals section here on futures.io (formerly BMT). No excuses. Everyone loves to make excuses for why something went wrong, but 99% of the time the trader is at fault and whatever excuse they make is pure crap. These are the traders that will fail ultimately. 95% of all traders do fail.

Trading is both the easiest thing to do and also the most demanding thing you've ever done in your entire life. It can ruin your life, your family, and everything you touch if you don't respect it, or it can change your life, your families, and give you a feeling that is hard to find elsewhere if you succeed.

Welcome to futures.io (formerly BMT)!

Mike

Hi Mike,

Do you know a good course about Russel -2000? (TF)

Tks,

Franco

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  #60 (permalink)
las vegas
 
Experience: Intermediate
Platform: Sierra Chart
Broker: Velocity/IB
Trading: 6E
 
Posts: 1,147 since Feb 2010
Thanks: 304 given, 838 received


Sounds sketchy to me.

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