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Shadowtraders system. Scam or real? (www.shadowtraders.com)


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Shadowtraders system. Scam or real? (www.shadowtraders.com)

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  #41 (permalink)
Honolulu, Hawaii
 
Experience: Intermediate
Platform: NinjaTrader
Broker: ATC/TT, AMP/Zen-Fire, AMP/CQG
Trading: TF
 
bluemele's Avatar
 
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cory View Post
it's very fuzzy area subject to interpretation. The way to side step this gray area all together is just label what you do as 'education' only. CFTC, NFA Performance Results Blues | Turnkey Trading Partners
---------------------------------------------------------------
just receive this, Cater is CTA I think
Hubert, Rob, and I (Cater) will trade our live accounts sharing with you
our favorite trading strategies in the stock, options, futures &
forex markets that will take your trading to next level in 2012.

During this free (and ultra-timely) live class you will learn:
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or you can give your webinare from Canada
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Yes, if she is a CTA or CPO that manages other funds, then my understanding was that she would have to meet those rules etc.. But, if she is doing it for educational purposes and that is clearly documented and SHE DOES NOT manage other people's funds then she should not be in violation.

To be a CTA (manage others funds) and then have a educational course is probably a scam for most vendors to just suck in students by bypassing the 'rules'.

Does she have a disclosure statement?

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  #42 (permalink)
Berlin,Berlin
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Ninja/CGQ
Trading: CL
 
Posts: 71 since Mar 2010
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@ bluemele

Melanie Son said in her weekly training that her own trading got better when she started to teach other people. That might be true.
Some people feel themself as a "born teacher". I have a friend, she studied the piano and I always thought that she does not play very good, but from the age of 16 she had piano students, kids, and she loves that! Teaching others! Today she is 48 years old and very successful, she has very good students and she teaches at a german "Musikhochschule" . (high school for professional musicians)

HEHE she also teaches young piano teachers how to be a better piano teacher HEHE

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  #43 (permalink)
Berlin,Berlin
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Ninja/CGQ
Trading: CL
 
Posts: 71 since Mar 2010
Thanks: 6 given, 50 received


I do not know anything about CTA rules, I am not from this business and not from America

 
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  #44 (permalink)
Berlin,Berlin
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Ninja/CGQ
Trading: CL
 
Posts: 71 since Mar 2010
Thanks: 6 given, 50 received

I am sitting here in front of my charts, it is a little bit boring, I just missed the bounce from R2 at 102.51 on crude because I was out with the dog

and I imagine that I would be a teacher who teaches what I see and what I will trade today.

Some people might feel great when they talk to others and teach them their methods.
It is a question of personality. I don`t know.


Don`t care too much about shadowtraders.
They do normal trading. They don`t hurt others. They have a set of rules and they created some of their own indicators for Ninja and yes, they want to sell that to others. It is especially good for very new traders as they explain everything from the beginning. If you are an experienced trader you might not need their package. If you are completely new to trading I recommend them as you never need to buy other packages. Everything is in the course, and it is not expensive. You can create your own trading out of that. They are not scams. They are trainers, that is it. Maybe you do not need them. That is fine, and that is all.

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  #45 (permalink)
Berlin,Berlin
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Ninja/CGQ
Trading: CL
 
Posts: 71 since Mar 2010
Thanks: 6 given, 50 received

Short CL from 101.84 to 101.81.

As a nervous 1 lot-trader I was scared when price went to 101.91. But then a fractal came in that showed me short scalp would work. I wanted to short yesterday`s high from 101.84, and shadowtraders give us every day for a lifetime all pivots, high/low/close of the day for many instruments, that is comportable for me. I open up my Ninja and all is set, they just need your machine ID.

With cumulative delta you could also "read the tape" and see the sellers. You do not need shadowtraders for that. I just wanted to give you an exemple how I use their work. I am not a "sales" of them, really not.
Should I ?

 
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  #46 (permalink)
Berlin,Berlin
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Ninja/CGQ
Trading: CL
 
Posts: 71 since Mar 2010
Thanks: 6 given, 50 received

The problem is always: Of course the "salesmen" of scams or scam companies read the forums and make their postings there.
So if you write something positive about a company nobody knows if you are a "sales" or just a happy client.
The satified traders usually do not read or post in forums as they are busy with their own trading.

You can see that I did not make much postings here in this forum.
I am just so sorry as I do not feel that shadowtraders are scams. I feel that they are honest and not too expensive, but don`t buy their package if your trading works well. You might not need it.

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  #47 (permalink)
Berlin,Berlin
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Ninja/CGQ
Trading: CL
 
Posts: 71 since Mar 2010
Thanks: 6 given, 50 received

Next thing that I use for my trading, and that is the next "scam".
This might be another topic.
Google "school of trade" and you will find that these are scams too.
But every morning I read the "morning prep" of Joseph James. I never bought anything there, and I do not think I will buy the course. But he lets you read his morning prep every day for free, and it is nice analysis.
Another guy who loves to teach, I guess. I don`t care if he sells something. I use his free stuff and it helps me. That is all.

 
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  #48 (permalink)
virginia
 
Experience: Intermediate
Platform: ninja
Trading: NQ
 
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trader2 View Post
I am sitting here in front of my charts, it is a little bit boring, I just missed the bounce from R2 at 102.51 on crude because I was out with the dog

and I imagine that I would be a teacher who teaches what I see and what I will trade today.
....

you have enough post count to post some chart now.

 
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  #49 (permalink)
virginia
 
Experience: Intermediate
Platform: ninja
Trading: NQ
 
cory's Avatar
 
Posts: 6,000 since Jun 2009
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bluemele View Post
...
To be a CTA (manage others funds) and then have a educational course is probably a scam for most vendors to just suck in students by bypassing the 'rules'.

...?

from business stand point if i was a CTA I will choose this route too. (label 'education' on everything). Why jeopardy yourself, your business when they give you easy way out.

 
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  #50 (permalink)
Berlin,Berlin
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Ninja/CGQ
Trading: CL
 
Posts: 71 since Mar 2010
Thanks: 6 given, 50 received


I like to show charts - how can I do that? Never did it on this forum.


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