Larry Levin's Secret of Traders (www.tradingadvantage.com) - futures io
futures io futures trading



Larry Levin's Secret of Traders (www.tradingadvantage.com)


Discussion in Trading Reviews and Vendors

Updated by wldman
      Top Posters
    1. looks_one forgiven with 4 posts (2 thanks)
    2. looks_two Cloudy with 3 posts (0 thanks)
    3. looks_3 wldman with 3 posts (2 thanks)
    4. looks_4 kevinkdog with 3 posts (5 thanks)
      Best Posters
    1. looks_one Kujo with 3.0 thanks per post
    2. looks_two researcher247 with 2.0 thanks per post
    3. looks_3 kevinkdog with 1.7 thanks per post
    4. looks_4 forgiven with 0.5 thanks per post
    1. trending_up 20,484 views
    2. thumb_up 29 thanks given
    3. group 19 followers
    1. forum 33 replies
    2. attach_file 0 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 100,000 members
  • Genuine reviews from real traders, not fake reviews from stealth vendors
  • Quality education from leading professional traders
  • We are a friendly, helpful, and positive community
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts
  • We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

(If you already have an account, login at the top of the page)

 
Search this Thread
 

Larry Levin's Secret of Traders (www.tradingadvantage.com)

(login for full post details)
  #31 (permalink)
Legendary Market Wizard
Chicago Illinois USA
 
Experience: Advanced
Broker: IB, ToS
Trading: /ES, US Equities/Options
 
wldman's Avatar
 
Posts: 3,223 since Aug 2011
Thanks: 1,878 given, 7,953 received

maintain the effort put in to the earlier "lost" post.

What I don't understand is what Larry and his partners would even consider being in the advice business. Larry is a legit trader. Some of his partners are legendary...the type of traders that books are written about, really.

I'm not saying that their approach is for everyone or that every trade wins, but guys, your comments about others say at least as much or more about you.

I'm sorry that I lost the litany of points based on personal experience with Larry Levin and his partner Scott Bauer. That said, I don't need to establish myself within the forum.

If someone wants to hear from me on this, inbox me.

Dan

Visit my futures io Trade Journal Reply With Quote

Can you help answer these questions
from other members on futures io?
Chart text fixed and move with time
NinjaTrader
How to place an order where the stop loss price changes when a price is touched
TradeStation
With 1 click place orders on two accounts (rithmic and cqg)
NinjaTrader
Volume Chart Trend Lines
TradeStation
Scan by comparing SMAs within 5 mins
ThinkOrSwim
 
 
(login for full post details)
  #32 (permalink)
Lake Michigan (Summer), N. Miami Beach (Winter)
 
Experience: Advanced
Platform: TOS, Ninjatrader
Broker: Tradeovate, TOS, Dorman
Trading: indices/currencies/interest rates/energies/metals/grains
 
Posts: 425 since Oct 2009
Thanks: 248 given, 748 received

It's pretty simple.

Levin made lots of legit income when floor trading was king. Back in the mid-late 90's he probably saw the transition coming from big SP's on the floor to eminis on the screen (I did as well).

He chose to then partner up and diversify his income stream w/marketing.

As electronic eminis took over volume in the big run up during the Nasdaq Bubble he increasingly over the next several years decided to make most of his income from marketing.

I suspect he was done trading on the floor around this time and completely transitioned to being a vendor for 90% of his income.

Anything marketed for over $500 in vendorville is probably just overpaying for information you can figure out yourself and create your own methods based upon individual experience/preferences/psychology/bankroll etc...

That written, in '98/'99 when the S&P and Nasdaq futures were MOVING nicely - the basic tenets of Market Profile he wrote about and a few tidbits in his Secrets of Traders Course (modified of course to suit personal needs) weren't terrible if you could sit in front of the market the entire day.

The moves were there. When market volatility contracts for extended periods of time and then dynamically expands in short bursts - that's where having a static approach really suffers.

Market Profile is interesting and provides context (better at times than others) - but it sure isn't the entire picture. Especially if you only trade 2 to 3.5 hours per day like many traders do VS the entire trading session.

Follow me on Twitter Visit my Facebook Reply With Quote
The following 2 users say Thank You to researcher247 for this post:
 
(login for full post details)
  #33 (permalink)
Philadelphia, PA/USA
 
Experience: Intermediate
Platform: Metatrader,ninjatrader
Broker: NinjaTrader Brokerage
Trading: ES
 
Posts: 1 since Sep 2013
Thanks: 1 given, 1 received



wldman View Post
maintain the effort put in to the earlier "lost" post.

What I don't understand is what Larry and his partners would even consider being in the advice business. Larry is a legit trader. Some of his partners are legendary...the type of traders that books are written about, really.

I'm not saying that their approach is for everyone or that every trade wins, but guys, your comments about others say at least as much or more about you.

I'm sorry that I lost the litany of points based on personal experience with Larry Levin and his partner Scott Bauer. That said, I don't need to establish myself within the forum.

If someone wants to hear from me on this, inbox me.

Dan

Hi Dan , Are they (TA) still in business ? I tried to go to their website and get nothing, thanks Ed

Reply With Quote
The following user says Thank You to edztrdr for this post:
 
(login for full post details)
  #34 (permalink)
Legendary Market Wizard
Chicago Illinois USA
 
Experience: Advanced
Broker: IB, ToS
Trading: /ES, US Equities/Options
 
wldman's Avatar
 
Posts: 3,223 since Aug 2011
Thanks: 1,878 given, 7,953 received

but I did see Scott Bauer last week in a blue, not green, trading jacket. The lapel read "Prosper Trading". That would imply some type of change.

I do not keep in regular contact with many people with whom my career path has intersected.

Generally I believe that the "advice business" is nefarious. But Scott and his (former?) partner Larry are certainly more than legit traders. I'd say that Bauer is nearly "Legendary". That is not an endorsement of an educational business....because I don't know anything about that. Nor, do I use any advice, research or paid service in my own trading.

BUT, If Bauer is on a trade, shout "WITH" and make an honest market, because few are better that he is.

The TA guys kept me on their prospect list and were always on point, knowledgeable and respectful. That said I have no idea about that business or any new business those guys may be in.

Dan

Visit my futures io Trade Journal Reply With Quote
The following 2 users say Thank You to wldman for this post:


futures io Trading Community Trading Reviews and Vendors > Larry Levin's Secret of Traders (www.tradingadvantage.com)


April 29, 2018


Upcoming Webinars and Events
 

Every journal equals ten meals for the hungry

Now
     



Copyright © 2020 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts