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has anybody tried tradingstarpro.com


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has anybody tried tradingstarpro.com

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  #1 (permalink)
Mississauga,Ontario,Canada
 
Experience: Beginner
Platform: Ninja trader
Trading: eur/es/tf/cl
 
sunny135's Avatar
 
Posts: 37 since Jan 2011
Thanks: 36 given, 6 received

Have anybody tried tradingstarpro.com indicators? He claims his accuracy but do not want to show his indicator till you join his room. He claims that he take live orders and he tells you ahead that his setup is coming.

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  #3 (permalink)
Market Wizard
Berlin, Europe
 
Experience: Advanced
Platform: NinjaTrader, MultiCharts
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sunny135 View Post
Have anybody tried tradingstarpro.com indicators? He claims his accuracy but do not want to show his indicator till you join his room. He claims that he take live orders and he tells you ahead that his setup is coming.

Usually I am not answering to this trype of post. 90% of all website are a waste of time and a waste of time. Usually you can find it out, if you just have a look at the information given on the website. This is one of the worst cases that I have seen so far. So let us go and have a look.

Positive:

-> They offer a free trial of 3 days. If you want to know more you can sign up. I think that 3 days is a bit short, but it is better than nothing.

Negative:

-> No information on the trading methodology is given on the website. No serious records are available.
-> They pretend that you can trade futures with an account as little $ 2.000. Sorry this is nonsense.
-> The Trade Performance is not really convincing. Just had a look at the July 14 trades.

Have look at their trades for the last week as shown on their charts below:

July 13: On the first chart below you will notice 4 trades.
Trade 1: entry long @ 841.8 -> stopped out @ 840.8 -> - 10 ticks
Trade 2: entry long @ 841.0 -> target reached @ 840.6 -> - 4 ticks (trades was exited after target had been moved below breakeven)
Trade 3: entry short @ 840.5 -> stopped out @ 841.3 -> -8 ticks
Trade 4: entry long @ 841.5 -> target reached @ 842.5 -> +10 ticks

Stated Performance: 3 trades -> 2 winners, 1 loser -> + $ 170
Actual Performance 4 trades -> 1 winner, 3 losers -> - $ 120

July 14: On the second chart below you will notice 3 trades:
Trade 1: entry short @ 839.0 -> stopped out @ 839.8 -> - 8 ticks
Trade 2: entry short @ 838.1 ->target reached @ 837.1 -> + 10 ticks
Trade 3: entry long @ 838.7 -> stopped out @ 837.9 -> - 8 ticks

Stated Performance: 3 trades -> 3 winners, 1 loser -> + $ 200
Actual Performance 3 trades -> 1 winner, 2 losers -> - $ 60

Let us now see the performance for the whole week:

Monday: stated - $ 150 actual -$150
Tuesday: stated + $ 180 actual + $ 20
Wednesday: stated + $ 170 actual - $ 120
Thursday: stated + $ 200 actual - $ 60
Friday: stated + $ 90 actual + $ 190

Weekly performance stated: + $ 490
Weekly performance actual: - $ 120


What would you conclude? My conclusion is that they are either incompetent or dishonest or both incompetent and dishonest.




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  #4 (permalink)
hartford
 
 
Posts: 52 since Jun 2011

'90% of all website are a waste of time and a waste of time'

seems to be case of most sellers of stuffs...sold by Do we Cheatum and Howe.

Caveat emptor.

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  #5 (permalink)
Chicago, IL
 
Experience: Advanced
 
Posts: 425 since Oct 2009
Thanks: 253 given, 748 received

Agree,

I have been on vacation for July but watched them on Monday July 11th (2 losses and done) and then their 1st trade on Tuesday a.m. July 12th (winner of +8ticks) and then couldn't stand listening to someone who is too cheap to buy a decent microphone or has it 'on order.'

My ears were hurting from the audio distortion.

His daily review is not accurate; previous poster nailed it.

peace

r247

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  #6 (permalink)
Philadelphia, Pa
 
Experience: Advanced
Platform: Sierra Charts
Broker: Amp/CQG
Trading: CL, ES
 
longboat's Avatar
 
Posts: 144 since Jun 2009
Thanks: 901 given, 208 received

I tried it for a month. I found the room very unprofessional. Baby crying in the background. No real meat to disclosing his methodology. No real exit rules. Hard to follow duplicating his entry and exits. Maybe he is more organized now, take a trail and let us know.

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  #7 (permalink)
New York City, USA
 
Experience: Advanced
Platform: NinjaTrader
Trading: ES, CL, 6E
 
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Posts: 149 since Jul 2010
Thanks: 81 given, 42 received

I agree with FatTails....i've been there. He will say to "get out" of a trade but he leaves HIS TRADE on. Hence, it's just hasty trading. Also, the STATED returns are almost impossible to match for the reason he says something contrary to how he is trading. But if you want to be entertained by a young Indian kid trading then I'd say definitely do it!

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  #8 (permalink)
Chicago, IL
 
Experience: Advanced
 
Posts: 425 since Oct 2009
Thanks: 253 given, 748 received

Yea,

Some Indian dude from Utah!

Where's that magic underwear when you are underwater in a TF trade!

For a long time the guy doing the reviews (daily) had no accent and was presumably, a regular white guy--began to dabble in crude oil about 4 months ago--with some TF references in the 1st hour; and now a completely different approach at tradingstarpro.

Whatever...

This guy could have used those drawers...from ET; hilarious!!!

Forums - John Carter - Hubert Senters - tradethemarkets.com SCAMS?

I got this from someone in Hoffman's (TTM's) trading room -
14 July. Hoffman started buying TF on a dip at about 838. Bought 1 contract. He normally goes for 7 to 10 ticks. Got a bounce to 3 ticks up. Not enough profit. Then TF continued down. Hoffman began to Martingale up in size (average down in price) as TF continued down. As his size grew there were a number of times he could have taken a scratch trade or a small ($1,000-$3,000) profit or loss along the downward path. After about an hour, his position was up to 852 contracts, showing a $200,000 loss ($8,520 a tick) . He was trying to add more when his broker's risk system blocked his buy side, notified him of a margin violation, and then closed his position at the market for a $312,000 loss.

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  #9 (permalink)
austin, texas
 
Experience: Intermediate
Platform: ninja trader
Trading: currency futures
 
Posts: 503 since Jan 2011
Thanks: 14 given, 234 received

WOW! I am glad somone brought this information up on Tradethemarkets.com. I have been following them for some time via their free videos. All this information has really opened my eyes. Once again futures.io (formerly BMT), what a great room for traders helping traders.

Thanks
Hector

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  #10 (permalink)
Annapolis
 
Experience: Intermediate
Platform: NinjaTrader
Broker: DDT/TT, IB
Trading: TF, ES, CL
 
Posts: 6 since Feb 2011
Thanks: 34 given, 14 received


The guys (Brent and Ken) that originally ran TradingStarPro.com | Learn Simple and Powerful Day Trading Techniques left in late June when the guy running it now let the site go down. He has since brought it back up and is doing his own thing which is why it's different than what you saw before in the videos. He used to sub in sometimes and I never had an idea of what the heck he was doing.

Brent and Ken now run Live Trading Room which uses the original strategy in both oil and the russell. They still call trades ahead of time use 10 tick targets and 15 ticks stops with a specific ninja ATM depending if it's a trend or counter-trend trade. Personally I've found it better to use 17 tick targets myself. There are lots of trades especially in oil during the day and you have to stay on top of things but I've been profitable with them since April. It just requires a great deal of focus.

Bryan

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