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stressless trading - Jam's StrategicDaytrading.com


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stressless trading - Jam's StrategicDaytrading.com

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  #81 (permalink)
Goiania
 
Experience: Advanced
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It would be interesting if BM let this Handley PhD MBA JD futures trader carry on posting as long as he backs up his claims with live trading statements.

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  #82 (permalink)
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Manta, Ecuador
 
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joaobucks View Post
It would be interesting if BM let this Handley PhD MBA JD futures trader carry on posting as long as he backs up his claims with live trading statements.

He was banned.

Mike

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  #83 (permalink)
the coin hunter
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joaobucks View Post
It would be interesting if BM let this Handley PhD MBA JD futures trader carry on posting as long as he backs up his claims with live trading statements.

he means this guy rjoerosso not bayfisher.

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  #84 (permalink)
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cory View Post
he means this guy rjoerosso not bayfisher.

Handley was banned for self-promotion. I don't know who rjoerosso or bayfisher are so just wanted to clarify.

Let's keep this thread on-topic, it is for users to write experiences about Jam's site.

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  #85 (permalink)
Auckland
 
Experience: Advanced
Platform: Ninja Trader
Broker: Zen-Fire
Trading: CL and ES
 
Posts: 757 since Apr 2010
Thanks: 3,787 given, 725 received

Just wanted to share the review on StrategicDayTrading.com



422 Futures Trading Rooms in the US: StrategicDayTrading.com | MarketClips
Of the 422 rooms I have visited and evaluated, this room presents one very genuine and one very unique feature:

Genuine feature: JAM discusses in detail his winning and losing trades; admirable as most rooms sweep losing trades under the rug.
Unique feature: The Black Belt Mentorship System: it consists of careful review of each trade, actual trading account statements and daily mentoring over many months. Progression along the White – Black belt system is gated by successful performance in each level; it is a very demanding and competent system. It appears to be the best trade education program I have seen; it is careful, consistent, protracted and patient.

I observed trades called for 2 months with Strategic Day Trading (04.15.13-06.15.13), aver of 3.17 trades/d; aver $370/d; aver $1848/wk (note: all values given are based on P/L with 3 contract trade; official room trade is 2 contracts per trade). JAM exhibits a caring and friendly manner that is most comforting compared to some of the vitriolic [1], vulgar [2], or deceptive [3] rooms I have observed. He will wait for the market to come to him, as he trades and teaches patience and discipline every day.

Very often he is “one and done” meaning after a single $300-$600 profitable trade, he will go from active trading to active teaching and the room becomes didactic. True execution of “one and done” requires patience for the market and the trade to set up, execution according to his trade plan and then discipline to conclude for the day. As with the very best trade rooms, there is a pronounced diurnal variation in P/L: aver P/L for Monday: $851; Tuesday: $71; Wednesday: $557; Thursday $129; Friday: $240 (yes, that adds to $1848/wk).

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  #86 (permalink)
Auckland
 
Experience: Advanced
Platform: Ninja Trader
Broker: Zen-Fire
Trading: CL and ES
 
Posts: 757 since Apr 2010
Thanks: 3,787 given, 725 received

I am in no way associated with them
however when i see a good room i do like to promote

They are offering free trial

Free Trial


Test, trial, evaluate and make your own judgement about strategicdaytrading

Sharmas

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  #87 (permalink)
Toledo, OH
 
 
Posts: 41 since Nov 2012
Thanks: 16 given, 46 received

Sharmas,
You have set a pretty low bar when you compare trade rooms. Honesty is hardly enough reason to make a trade room great, its a starting point. A real system based on some fundamental truths about the financial markets would be a good bar, this room fails miserably at that. Your assessment of $400 per week/contract is a great week for them. They do much worse majority of the time, not to mention that the trades are prequalified as entry or advance entry. When advance entry turns out to be a loser, it wont be in the performance stats. Not to mention, that performance stats have been removed and restarted many times on their site after terrible monthly performances. Believe me, I know..I have over 2 years experience with this room and been through the pre BlackBelt, BlackBelt, MMA and Samurai gimmicks to the point where I can count 3 months and wait for the next gimmick to show up in my Spam.

White, yellow, purple belt folks are all simming,they have people who have been simming there for years. There is very little confidence amongst members because every trade is in the middle of a gazillion support resistance lines and there isnt a lot of real money being made in the room.
Just look at their autotrader gizmo..supposedly makes $30k in 4 months on one crude oil contract. Would you run a trade room if your system did that? Jam is a master curve fitter and bears responsibility in mentioning that one way to financial ruin is trading a backtested system on renko bars where both entry and exits are spectacularly optimistic and $30k on ~600 trades is more like $15k after slippage not counting commissions(discount atleast 3 ticks of slippage). Plus accounting for the fact that the curve fitted drawdown is over $3k before commissions and slippage means that no beginner will actually be able to trade even with $10k accounts.
At best, its a good education room for people who have not read a trading book in their lives and find a '2b' and three wave patterns to be new information.
Finally, I helped expose the last guy promoting Jam who actually was one of his forex room moderators. You posted the same MarketClips link that was posted by someone else recently and you are going out of your way to keep this thread on top, I must say.

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  #88 (permalink)
San Diego
 
Experience: Beginner
Platform: NinjaTrader
Broker: AMP / CQG
Trading: CL, ES, NQ
 
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Posts: 310 since Nov 2011
Thanks: 153 given, 418 received


sharmas View Post
Just wanted to share the review on StrategicDayTrading.com



422 Futures Trading Rooms in the US: StrategicDayTrading.com | MarketClips
Of the 422 rooms I have visited and evaluated, this room presents one very genuine and one very unique feature:

Genuine feature: JAM discusses in detail his winning and losing trades; admirable as most rooms sweep losing trades under the rug.
Unique feature: The Black Belt Mentorship System: it consists of careful review of each trade, actual trading account statements and daily mentoring over many months. Progression along the White – Black belt system is gated by successful performance in each level; it is a very demanding and competent system. It appears to be the best trade education program I have seen; it is careful, consistent, protracted and patient.

I observed trades called for 2 months with Strategic Day Trading (04.15.13-06.15.13), aver of 3.17 trades/d; aver $370/d; aver $1848/wk (note: all values given are based on P/L with 3 contract trade; official room trade is 2 contracts per trade). JAM exhibits a caring and friendly manner that is most comforting compared to some of the vitriolic [1], vulgar [2], or deceptive [3] rooms I have observed. He will wait for the market to come to him, as he trades and teaches patience and discipline every day.

Very often he is “one and done” meaning after a single $300-$600 profitable trade, he will go from active trading to active teaching and the room becomes didactic. True execution of “one and done” requires patience for the market and the trade to set up, execution according to his trade plan and then discipline to conclude for the day. As with the very best trade rooms, there is a pronounced diurnal variation in P/L: aver P/L for Monday: $851; Tuesday: $71; Wednesday: $557; Thursday $129; Friday: $240 (yes, that adds to $1848/wk).

The fact that Dean Handley gives JAM a good grade is not a plus. This guy promotes a lot of different room sites. He was banned from futures.io (formerly BMT) for self promotion here. Anyway, if I was JAM I would steer clear of Handley.

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  #89 (permalink)
Auckland
 
Experience: Advanced
Platform: Ninja Trader
Broker: Zen-Fire
Trading: CL and ES
 
Posts: 757 since Apr 2010
Thanks: 3,787 given, 725 received


FalseProphets View Post
Sharmas,
You have set a pretty low bar when you compare trade rooms. Honesty is hardly enough reason to make a trade room great, its a starting point. A real system based on some fundamental truths about the financial markets would be a good bar, this room fails miserably at that. Your assessment of $400 per week/contract is a great week for them. They do much worse majority of the time, not to mention that the trades are prequalified as entry or advance entry. When advance entry turns out to be a loser, it wont be in the performance stats. Not to mention, that performance stats have been removed and restarted many times on their site after terrible monthly performances. Believe me, I know..I have over 2 years experience with this room and been through the pre BlackBelt, BlackBelt, MMA and Samurai gimmicks to the point where I can count 3 months and wait for the next gimmick to show up in my Spam.

White, yellow, purple belt folks are all simming,they have people who have been simming there for years. There is very little confidence amongst members because every trade is in the middle of a gazillion support resistance lines and there isnt a lot of real money being made in the room.
Just look at their autotrader gizmo..supposedly makes $30k in 4 months on one crude oil contract. Would you run a trade room if your system did that? Jam is a master curve fitter and bears responsibility in mentioning that one way to financial ruin is trading a backtested system on renko bars where both entry and exits are spectacularly optimistic and $30k on ~600 trades is more like $15k after slippage not counting commissions(discount atleast 3 ticks of slippage). Plus accounting for the fact that the curve fitted drawdown is over $3k before commissions and slippage means that no beginner will actually be able to trade even with $10k accounts.
At best, its a good education room for people who have not read a trading book in their lives and find a '2b' and three wave patterns to be new information.
Finally, I helped expose the last guy promoting Jam who actually was one of his forex room moderators. You posted the same MarketClips link that was posted by someone else recently and you are going out of your way to keep this thread on top, I must say.


Thank you
So why not you share your winning formula and enrich us all as to how we can win in this game or business.
Happy for you to share along.

Sharmas

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  #90 (permalink)
San Diego
 
Experience: Beginner
Platform: NinjaTrader
Broker: AMP / CQG
Trading: CL, ES, NQ
 
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Posts: 310 since Nov 2011
Thanks: 153 given, 418 received



FalseProphets View Post
Not to mention, that performance stats have been removed and restarted many times on their site after terrible monthly performances.

I have noticed the same unfortunately. I had observed that they included in their performance results trades that were not taken live in front of the group. This made me uncomfortable with the results page. Then they had a great idea of having people in the room validate the results. They did this for several weeks. Unfortunately their results weren't as good during this period. And today I looked at their results page and noticed they removed the validation process of the users confirming the trades. That's too bad. I think JAM and his team are a nice group of people but they should realize that any oddities/irregularities with performance results reduces trust.

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