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Anyone heard about symmetry indicators (www.symmetryindicators.com)
I have noticed a major commonality between all the charlatans and GRIFTERS.
They ALL and I MEAN ALL appeal to the newcomer in trading field by telling them that THEY and THEY ONLY have everything figured out.
AND THEN >>> THAT THE NEWCOMER DOES NOT HAVE TO WORK ON THEMSELVES OR LEARN ABSOLUTELY ANYTHING.
They can just turnkey and start trading.
Luckily I learned that 99.9999999% OF ALL the socalled "trading educators" are absolute garbage.
The best are Dr. Van K Tharp and few others..... and all the ones that are good... The few 3 or 4 out of literally THOUSANDS:
They will say that you HAVE LEARN, AND GROW AS A TRADER AND DECISION MAKER AND DO PERMORMANCE ENNHANCEMENT.
and YOU HAVE TO LEARN SOME KIND OF FRAMEWORK for the Market that works
Or develop some program or algo that has clear and definable edge at some specific time of the market and market in specific.
An "algo" that works at the HIGH Volatility of "Market Open" may not work on the sideways action of the Overnight.
Also an 'algo' that works on Commodities like Crude and Gold and Nat. Gas may not working in a super trending market like NQ and ES
A person really has to learn some methodology and ways of analyzing the market and price action that has real and quantifiable edge.
A person also has to go over their MENTAL AND EMOTIONAL FAULTS AND THE STRENGTHS. List the strengths and the faults and work on eliminating the faults.
Etc. etc. etc. etc.
There are real strategies that work.
I know a group of traders that trade VOLATILITY on STOCKS with OPTIONS and the VIX pretty much only....
They look for stocks that have a ton VIX movement and work on trading that stock with options.
But the damn "Symmetry Indicators" and the "Intentional Traders" and the "Indicator Warehouse" and even the Neurostreets -- are basically garbage.
Neurostreet does seem to have "SOME" stuff that works.... somewhat ...
But it looks extremely extremely overpriced.
Nobody wants to start at Dr. Van K Tharp or other people that have actual real systems that work -- because real trading requires you to actually grow and develop as a person.
So as long as people don't google and learn for real these sh@atteryindicators will continue to work of people's room monthly fees!
I checked this @**hole's websites and his Youtube channel and they have gotten like 82 views in 5 years -- so we have pretty much effectively destroyed their business.... at least like by 80 to 90% --- which is great -- but they should be gone 100%.
We NEED TO MAKE IT more obvious to new traders that THEY HAVE TO LEARN the markets and how they move.
They have to learn about the markets and make systems that work for them.
I agree that there is no easy way to success.
There are far too many showing you fantastic system that they do not even trade themselves, or just on demo.
If they sell you their "secret" or any "trading secrets" - run as fast as you can.
Have seen a few, joined a few - the only benefit being that the first one mentioned this forum - which I joined while ago - and this was best spent money in my life.
Ideal scenario could be that if a vendor has too many complaints then e.g. Ninja would refuse to present their webinars as educational.
It is very hard to trade someone else's system successfully, unless it is automated strategy!
One needs to develop system that suits individual's need and temperament, risk tolerance etc.
Too many times I have heard from many presenters - DYOR (Do Your Own Research)
It is better to specialise in one instrument rather than anything.
Personally, I am big fan of Jake Bernstein and seasonality - being longer term or intraday!
My only biggest problem is lack of coding skills - and some limitations of the platforms to execute the strategy the intended way. (I use Strategy Wizard and Builder to test some ideas).
But there are so many helpful people here either posting their own hard work or helping others getting their ideas transformed into indicator or strategy.
If the trading rooms were having their strategies robust enough, why don't they run a copy service and then show results of real trades?
Or just make the millions by themselves, sit on Bahamas and relax!
If I go to a restaurant and instead of getting a burger I get a huge steaming pile of turds >>> then I want to leave you a 0 star review.
NOT a 1 star review. lol
Romus >>>
I agree Jake Berstein is a great trader. Only seen a few things from him - but what I have seen look great.
I definitely want to check out some of his webinars.
Is there one that you most recommend or struck out to you.
I attended Dr. Van Tharps Systems Workshops and The PEAK PERFORMANCE 101 AND 202.
Both were great.
Peak performance was absolutely great. Highly recommend
The systems workshops were more intense -- like College PHD levels of Systems building and thinking.
Great stuff -- just college level intense but you start to think in WHOLE Systems instead of parts.
He is explaining his Moving Average Channel (MAC), he was doing before Open Close relationship.
Especially convenient in your time zone.
His methods are straight forward and objective, without indicator overload.
All of these indicators you can find on FIO and use in NT.
He now promotes using this method on EOD - it used to be OK for Day Trading - but times have changed with HFT - so he takes this into account.
I am following many of Jake Bernstein ideas and now trying to enhance them with Cesar Alvarez research.
One most important aspect in his (and every method) is proper (measured) risk.
I have Van Tharp book - Trade your way to financial freedom - I just have not read it yet...
How long have you been with them? They seem ultra ultra professional. He talks about all the real things with quant trading PLUS THE LIMITATIONS. You never ever ever hear the FALSE GURUS... FAKE GURUS ... talk about limitations, drawdowns, longest drawdown period, R:Ratios, Sharpe Ratio, etc etc..
You should open up a new Thread on them to hear on Trading Reviews and Vendors.
I am damn interested in a good longterm startegy that requires little time and effort and just grows money
Right now the best investments are Tesla and some Bitcoin.... in my opinion.
But if you have some damn good other growth strategy then that can balance your portfolio a little bit.
Unless that affects you on taxes too much which would render the whole process useless. If taxes do affect too much then just buying Tesla and a few others are good enough...
That is a question I have always had >>> Does a longterm strategy like his have adverse tax effects? How do you not pay capital tax on after every good trade?
Yes, this is Cesar Alvarez site. Lots of real info - and quant is the way I like.
Technical Analysis is good, but subjective.
Quant adds the metrics to it and becomes more objective, in my opinion.
I was attending seminar with one very good analyst here and he drew some pattern on live, intraday chart, cleared it as he was called out of the room and upon return he drew different pattern! :-)
I do not know about Bitcoin future - had a couple of good hunches but did not proceed with opening account with any of the exchanges.
At some point there was quite a good spread on it, now is ~$100 - hmmm, not to my liking as I am rather short term trader.
On the other hand read something from BigMike that Ethereum is better technology, hence may have better future.
Talk of the town between some techie (IT) guys was usually Ether.
Well, I do not know that - hence do not touch. At this stage.
But probably can be traded as any other instrument - but I prefer something solid like a good stock or Index.
Taxation is another issue - but few times I wanted to take advantage of 12 month tax reduction (50% here) and profits evaporated!
This IS tricky business! But I love it. Especially since I started to take more or less calculated risk.
And to be honest - still need more discipline and patience - but I am learning it!
Sounds awesome Romus!
You are definitely learning from the right people.
Quant REALLY IS fantastic for sure.
I totally agree on the "pattern" b.s.
It is mostly b.s. and doesn't work.
Easy to spot "patterns" are almost always broken.
If you like Quant mostly >> then you would also like
Laurent Bernut
He is a great SYSTEMS Trader and a pure algo trader.
He just trades relatively simple systems on pure algo....
He has some really good beliefs and some really really good opinions on creating systems. https://www.quora.com/profile/Laurent-Bernut
haha