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tradermakers.com

  #11 (permalink)
Elite Member
Bucharest - Romania
 
Futures Experience: Advanced
Platform: NT, SC, MC, MW
Broker/Data: NinjaBrokerage
Favorite Futures: Crude
 
Posts: 29 since May 2011
Thanks: 4 given, 26 received


sparky View Post
Saw his demo for bloodhound today. All he is doing is retrace trades, but with very small targets. What is the point? His posted results show $300 days, but up to $100 commissions @$5 per round turn. If you learn how to spot retrace trades instead of breakouts, you can earn substantially more per trade. Trade 2 contracts, close one for a few ticks, and let the runner go, moving your stop below the next identified swing. You can earn his goal of $300 per day many times in one or two trades and still have minimum risk. At the very least he could take a quick scalp, let the second contract run with a breakeven stop. He could be done in one trade instead of the many he does to make 30 ticks.

Well, I am sure you and others from here can post your trades day after day for 3 years and show us what great trades are you making, as the guy from TraderMakers is doing.
Looking forward for your trade log.

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  #12 (permalink)
Sparky
Fort Myers, Fl
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: AmpFutures/CQG
Favorite Futures: Tf
 
sparky's Avatar
 
Posts: 16 since Sep 2009
Thanks: 13 given, 50 received

Trade log, Really?



I am not a vendor trying to hawk a system, so comparing my trade log to his is apples to oranges and would be of no value to this thread. What is of value is his answer on his frequently asked question page.
Quote: How about commissions?
His answer -
Commissions are part of the game. Which is another reason why we only place small lots and do biref (spelling error) periods of time. Most brokers, including our partner broker, have very inexpensive and competitive commissions now a days. But we've thought about it as well, don't worry. We don't like spending more than 5-10% of our daily intake in comissions (another spelling error). We think that's a fair rate.

Well if he makes the max on a trade, 5 tics or $50, and commission and fees are $5 per round turn, that is already 10%.

His April 2015 results show $3300 gross. To achieve this he made 152 trades. At $5 cost per trade that is $760 or 23% - not close to his 5-10% he touts.

This is a thread to give our opinion on Tradermakers.com - and mine is you can find many other trade sites with posted results that do much better if you want to copy trade room executions.


Last edited by sparky; May 6th, 2015 at 09:59 PM. Reason: grammar correction
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  #13 (permalink)
Elite Member
Austin/TX
 
Futures Experience: Advanced
Platform: NT
Favorite Futures: ES, TF
 
Posts: 25 since Jun 2010
Thanks: 0 given, 8 received


my friend bought it 3 years ago, I looked closely over the software for a few weeks. Nothing of value.
I thought he wasted 3k.
my friend still has not made a dime with it although he seems to have belief in it.
I was watching the room... and there was a sudden losing trade of 800 and then the dome was out of the room... but later in the day,, bringing it back on the screen at the end of the day and post/blog showed a couple hundred positive result.
RED FLAG from what I saw. No bias intended.
But still, keep on looking and posting reviews,, I am not a member, but saw everything on my friends screen live!

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  #14 (permalink)
Elite Member
Bucharest - Romania
 
Futures Experience: Advanced
Platform: NT, SC, MC, MW
Broker/Data: NinjaBrokerage
Favorite Futures: Crude
 
Posts: 29 since May 2011
Thanks: 4 given, 26 received

Well, if it is about comparing apples to apples we should also consider these things:
1. My commissions are less than 4$ RT and I am sure his are less then mine so if you pay 5 this is not an apple.
2. Can you name only two "other sites with posted results" that have also posted the exact trades taken live in the trading room showing in the NT's Control Center like he has on his blog ? (because all these Excel sheets showing trade logs that could be find - at best case - everywhere are neither apples)
3. The system is a scalping system: he usually do not spend more than 30 min per day in front of the screen starting with market opening. If the day starts badly with 2 losing trades he will return after 1:30 pm. Now divide the money he made with the time he spent and compare with other systems to have the apples.




sparky View Post


I am not a vendor trying to hawk a system, so comparing my trade log to his is apples to oranges and would be of no value to this thread. What is of value is his answer on his frequently asked question page.
Quote: How about commissions?
His answer -
Commissions are part of the game. Which is another reason why we only place small lots and do biref (spelling error) periods of time. Most brokers, including our partner broker, have very inexpensive and competitive commissions now a days. But we've thought about it as well, don't worry. We don't like spending more than 5-10% of our daily intake in comissions (another spelling error). We think that's a fair rate.

Well if he makes the max on a trade, 5 tics or $50, and commission and fees are $5 per round turn, that is already 10%.

His April 2015 results show $3300 gross. To achieve this he made 152 trades. At $5 cost per trade that is $760 or 23% - not close to his 5-10% he touts.

This is a thread to give our opinion on Tradermakers.com - and mine is you can find many other trade sites with posted results that do much better if you want to copy trade room executions.


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  #15 (permalink)
Elite Member
Bucharest - Romania
 
Futures Experience: Advanced
Platform: NT, SC, MC, MW
Broker/Data: NinjaBrokerage
Favorite Futures: Crude
 
Posts: 29 since May 2011
Thanks: 4 given, 26 received

Well man,what are you telling here are, in my opinion, simply fantasies because:
1. He does not show the DOM but only the charts with trades (entry, SL and TP)
2. The maximum risk per trade is only 100 and if he takes 3 losing trades then he stops for the day.

But of course you can post here the record from your friend's Ninja Control Center.

What goes beyond my wildest fantasies is how someone could spend time on a system, after three years after he buy it if the seller proved to be a liar showing counterfeit results and he could not made a dime with it...But of course nobody can be criticized about hes pleasures.
But I am sure it is not your fantasies since you can post here a screen capture with the charts from the trading room taken very next days.





estrade View Post
my friend bought it 3 years ago, I looked closely over the software for a few weeks. Nothing of value.
I thought he wasted 3k.
my friend still has not made a dime with it although he seems to have belief in it.
I was watching the room... and there was a sudden losing trade of 800 and then the dome was out of the room... but later in the day,, bringing it back on the screen at the end of the day and post/blog showed a couple hundred positive result.
RED FLAG from what I saw. No bias intended.
But still, keep on looking and posting reviews,, I am not a member, but saw everything on my friends screen live!



Last edited by Cristian; May 10th, 2015 at 05:21 PM.
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  #16 (permalink)
Elite Member
Washington
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: NinjaTrader
Favorite Futures: TF
 
Posts: 47 since Dec 2009
Thanks: 2 given, 19 received

I've seen a couple of his videos on Youtube. Some show just one chart, some show two. Does he trade from just one chart or does he trade from 2 or more charts? Thanks for any response.

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  #17 (permalink)
Elite Member
Bucharest - Romania
 
Futures Experience: Advanced
Platform: NT, SC, MC, MW
Broker/Data: NinjaBrokerage
Favorite Futures: Crude
 
Posts: 29 since May 2011
Thanks: 4 given, 26 received


Dasani View Post
I've seen a couple of his videos on Youtube. Some show just one chart, some show two. Does he trade from just one chart or does he trade from 2 or more charts? Thanks for any response.

He is trading with one chart per instrument and he is trading 2 instruments (CL and TF) so you'll always have 2 charts on your screen.

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  #18 (permalink)
Elite Member
Washington
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: NinjaTrader
Favorite Futures: TF
 
Posts: 47 since Dec 2009
Thanks: 2 given, 19 received


Cristian View Post
He is trading with one chart per instrument and he is trading 2 instruments (CL and TF) so you'll always have 2 charts on your screen.

Thanks.

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  #19 (permalink)
Elite Member
Hammonton NJ
 
Futures Experience: Beginner
Platform: NinjaTrader
Broker/Data: NT Continuum
Favorite Futures: Indexes (Indices?)
 
Posts: 76 since Nov 2014
Thanks: 152 given, 42 received

Webinar Sept. 5 2017

FYI for those who are still curious about this guy. He's on Ninja's webinar series on Sept. 5:

https://tp161.infusionsoft.com/app/linkClick/15490/e816e02f037ab424/5074040/1d430cbed55bd273

No high expectations but if I'm not busy I might tune in. Remember, Ninja does not vet anybody, so the fact that they are giving him air time does not imply an endorsement by them.

YMMV,

Geoff

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  #20 (permalink)
Elite Member
Washington DC
 
Futures Experience: None
Platform: Jigsaw
Broker/Data: Tradovate
Favorite Futures: US Treasuries
 
fminus's Avatar
 
Posts: 102 since Sep 2009
Thanks: 148 given, 233 received

You have been warned


I would caution everyone on this educator, and most educators for that matter. I'm still surprised to see that this thread is being viewed and being posted to as it it's a couple of years old.

1. The educator is using a "proprietary" indicator system for his trades that look eerily similar to the "Magical TMA Bands" offered on other indicator vendor websites. This is a very well known indicator and you can just get the bands for free and slap them on your chart yourself if you want to go down in indicator rabbit hole.

2. Not all pit traders can make the transition to screen trading. It requires a different skill set completely and those relying his credentials as a pit traders somehow knowing what he is doing now are cautioned.

3. Scalping an instrument like CL off charts is insane. I'm sure there will be the very very few that can somehow manage to do it, but for the rest of us human beings, it will be a fruitless effort. If you really feel you are a scalper, take the time to trade the order book from the free resources at Jigsaw, No BS, Axia, FutexLive, etc. If you later decide that scalping isn't for you, you can always take your newly found skills of reading the order book to get some amazing entries. For me, it has absolutely transformed my trading from "by the hip, feeling trading" to precise logically favorable locations (but that's just me).

4. There is no "secret" that professional traders have that are unavailable to you. There are no shortcuts to trading and it requires hard work. By hard work I mean preparing for the trading day, journaling or recording trades, reviewing your trades and identifying areas where you can improve, running through exercises, preparing for the next day, etc. The actual trading should just be a result of your preparation.

5. Your edge is not in some guru trading system or an indicator. Unfortunately for most, we will be too stubborn to accept some statement like this and we'll think "yeah sure, but I'm different. I know what trading is supposed to look like and I'm special and I'll find a way". No you won't. Take it from someone who personally went down this dangerous indicator/holy grail, guru system path and lived to tell about it. If you ever sit and wonder why things like market profile works for some and not for others, it's because it's not the system, it's the trader.

I hope that some of you will really take what I wrote above seriously. For those that do, congratulations you cut YEARS off your trading journey. For those that don't, best of luck to you and your search for the answer.

Nothing worth having comes easy.
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