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Trade 2 Live (www.trade2live.com) review


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Trade 2 Live (www.trade2live.com) review

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  #1 (permalink)
 gg80108 
Castle Pines N, CO.
 
Experience: Advanced
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Anyone have any opinion on this technique? Home | Trade 2 Live. Looks like it is a martingale technique with tape reading,, ioamt.com is another one of these.. Followed ioamt for a while.. really good until the big trend day hammers u ..

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  #3 (permalink)
 gg80108 
Castle Pines N, CO.
 
Experience: Advanced
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Trading: ES
 
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Finished my 4 day demo of live trading room open about first two hours of trading.... Room made money every day ES, even though all trades were against the trend, not by design, just what market action gave ya..
Thomas was a master of adjusting his position by starting out small 1 or 2 contracts, then adding contracts as the market went against him then taking off a few tics here and there . Saw as many as 10 contracts open at once but would take each one off at a few tics on the backing and filling.. Took a big gulp when he put in a 5 Lot to double his position to get out of trouble,, balls of steel..
The equity curve was a wild ride up $500, down $100 but after about 40 trades in two hours showed a profit. The best I saw was $500 but after commissions was $300 take home pay and the broker took home $200.. If I were a broker I would pay a trader to take training ($2300) to get in on this high broker commission action from this technique...
The charting package was Sierra charts and was using DTN data. even though they would help u set up other charting packages like Ninja...
For me I cant come to grips with the high commissions per profit (around 30% commission overall), just one more thing stacked against me in being successful right off the bat.
Seemed to be a lot of risk to take home $300.....
Thomas, mentioned one could do this with a $5000 account but I doubt u could be successful, and run out of bullets too soon, then ur dead..

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  #4 (permalink)
 tamerrashdan 
New York
 
Experience: Beginner
Platform: NT
Broker: AMP/CQG
Trading: ES
 
Posts: 124 since Oct 2011
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Well, i have very old history with this scammer going back to his now defunct https://www.eministrategies,com where I lost over $6000 including $2000 for his crappy strategies Momentum and Reversion
I took the 7-day free trial for the emini scalper in which he set up the VPS for me with the strategy including all the settings that are supposed to be conservative 5 minutes chart
It lost money everyday
Last Monday it lost $925 in one trade
They e-mailed me in the afternoon with a screenshot showing a profit of $875 which enraged me as I'm already watching the strategy loses money everyday and specially on Monday it lost $925 so I e-mailed me back a screenshot of the losing trade which is of course not part of their track record
As with George strategies, all lose money, the only money he makes is by selling strategies to good people

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  #5 (permalink)
 GreatDane 
Tampa, FL
 
Experience: Advanced
Platform: NT, SC
 
Posts: 52 since Jun 2010
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Do I read this right that you lost money a long time ago with this room, and now did so again?! Always do your own due diligence, but if it helps...

As the prior post was a couple of years ago, one thing to always keep in mind that rooms/traders change their affiliations, so if you decided to try them based on the review before yours re: a trader named Thomas, it doesn't appear that Thomas is with that room anymore.
Trade2Live ? About Us

Thomas would appear to be Thomas DeLello, as I watched him many times a year or two ago - I think in his own room - and that style of trading matches him. He seemed legit (showing DOM, if I recall), but not my style. Yeah, here's a listing from a couple of years ago:
Welcome to OnlineTraderCentral.com

If he was the reason you gave Trade2Live a look, Thomas can be found at his own room; again, not my cup of tea, but if you're interested:
Who We Are | OrderFlowEdge

Fwiw, here's George from Trade2Live's info from NFA, if interested:
BASIC Details

I don't know anything else; couldn't find my 10 foot pole. Not surprised with your latter experience from his bio, having company after company, IB after IB. The Trade2Live website's bio on him it says he sold his IB business in 2011 to focus on trading (though that company was a managed funds and trading company, too). Per his NFA listing that business he left in 2011 has a status of "No Current Status"; maybe a purchaser changed the name. He was briefly affiliated with another IB in 2013, too.
BASIC Details

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  #6 (permalink)
 tamerrashdan 
New York
 
Experience: Beginner
Platform: NT
Broker: AMP/CQG
Trading: ES
 
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I was sim trading the ES scalper
Attached please see the performance and the only trade it did last Monday

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  #7 (permalink)
 futurestrader1 
New York City, USA
 
Experience: Advanced
Platform: NinjaTrader
Trading: ES, CL, 6E
 
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Interesting, I never check this guy out...but was this the scalper you were using?



he says in the video it must be traded manually....perhaps a new autotrader.....I'll probably check out the free trial and see what it's all about.

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  #8 (permalink)
 tamerrashdan 
New York
 
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Broker: AMP/CQG
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I lost so much money trading his now defunct Reversion and Momentum strategies
He closed his old website http://www.scalpingemini.com/

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  #9 (permalink)
 tamerrashdan 
New York
 
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Broker: AMP/CQG
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Posts: 124 since Oct 2011
Thanks: 14 given, 76 received

This is simply supertrend strategy and of course for it to work you need a very strong trend
I guess you can sign up for the free trial
But no matter what you do, never trade real money with him


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  #10 (permalink)
 tamerrashdan 
New York
 
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Broker: AMP/CQG
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I just attended the scalping room
And as usual, a losing trade after a losing trade
He thinks himself an autotrading guru but his crap always loses money


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  #11 (permalink)
 futurestrader1 
New York City, USA
 
Experience: Advanced
Platform: NinjaTrader
Trading: ES, CL, 6E
 
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wow, well from his videos, he shows a huge month-after-month profit from his system on 2 contracts....seems the average per month gain is around $4000, just by looking at it.

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  #12 (permalink)
 tamerrashdan 
New York
 
Experience: Beginner
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Broker: AMP/CQG
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He is great at that
It is all backtesting
He doesn't even trade his own money


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  #13 (permalink)
 tamerrashdan 
New York
 
Experience: Beginner
Platform: NT
Broker: AMP/CQG
Trading: ES
 
Posts: 124 since Oct 2011
Thanks: 14 given, 76 received

He claims last year the strategy made $102,000 on 2 contracts!!!
He didn't even have the strategy last year!!!


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  #14 (permalink)
 futurestrader1 
New York City, USA
 
Experience: Advanced
Platform: NinjaTrader
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Yeah must be junk then....other than that it's going to be $500 a month for that trading room to see the auto trader fire off the signals

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  #15 (permalink)
 tamerrashdan 
New York
 
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Platform: NT
Broker: AMP/CQG
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Posts: 124 since Oct 2011
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This is the most he is gonna make from any trader because anybody will cancel the subscription after one month


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  #16 (permalink)
 supermht 
Naperville IL
 
Experience: Intermediate
Platform: ninjatrader
Broker: NT broker
Trading: NQ ES 6E GC CL
 
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can't say 100% rooms like that r junk, but at least 99% of them r junk

never trust them

bloody experience

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 tamerrashdan 
New York
 
Experience: Beginner
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Broker: AMP/CQG
Trading: ES
 
Posts: 124 since Oct 2011
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Mostly scammers


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 toulouse-lautrec 
Europe
 
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I've participated in the free trail for one day.

Well, what should i say, this guy is pathetic. He has a Tradestation strategy which appears to be based on the SuperTrend indicator. This prints entry levels on the chart which he uses as a guideline for placing trades manually.
As we all know, this is great when the market trends or shows clear structure, but when the market ranges you are bound for a disaster.
I have to say he managed to get out of bad trades with really small losses, i give him that, but he is willing to accept too much risk by expecting the market to come back close to his entry level. This will work until it doesn't, and then it will hurt.
Of course he can do that cold-blooded all day on sim. I'd like to see him do that with money on the line ... :-)

Speaking of which, his stats show that all he does is sim-trade. This is not necessarily a problem but not having to discount emotions nor commissions can make the world appear much more rosy than it actually is.

There were many more things i noticed which looked not so kosher, but to be honest i cant be bothered to spend more time on another pathetic 'educator' with a fancy web site. Only the biggest one: He kept repeating how important risk control is but kept trades going against him and even on one occasion closed a trade with a loss which was nicely in the money already. Big no-no....



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 tamerrashdan 
New York
 
Experience: Beginner
Platform: NT
Broker: AMP/CQG
Trading: ES
 
Posts: 124 since Oct 2011
Thanks: 14 given, 76 received

He is a very bad man and a crook


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 tamerrashdan 
New York
 
Experience: Beginner
Platform: NT
Broker: AMP/CQG
Trading: ES
 
Posts: 124 since Oct 2011
Thanks: 14 given, 76 received

He actually charges people a huge monthly fee for a free indicator


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  #21 (permalink)
Dijon
Ashburn, VA United States
 
 
Posts: 20 since Jul 2015
Thanks: 4 given, 10 received


toulouse-lautrec View Post
Speaking of which, his stats show that all he does is sim-trade. This is not necessarily a problem but not having to discount emotions nor commissions can make the world appear much more rosy than it actually is.


I just received this in my email and it looked really impressive at a glance. If he is only using SIM then that cinches it for me. I'd sure like to hear if anyone has had a good experience, meaning a profitable experience. I love the idea of a completely objective system if it would work...

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