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Chartsky trading room?
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Created: by miltfall Attachments:1

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Chartsky trading room?

  #11 (permalink)
Trading Apprentice
spokane, wa
 
Futures Experience: Beginner
Platform: tradestation
Favorite Futures: cl
 
Posts: 28 since Jan 2014
Thanks: 0 given, 11 received

Chartsky

I've only spent a day with him, but really liked what I saw. Most importantly, he is highly transparent and easy to follow and was very profitable. Albeit, 1 day is not much, but I will update................


Anyone else have experiences in this room? If so, please share.

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  #12 (permalink)
Trading Apprentice
spokane, wa
 
Futures Experience: Beginner
Platform: tradestation
Favorite Futures: cl
 
Posts: 28 since Jan 2014
Thanks: 0 given, 11 received

update

Ok here is my update as promised. First I will say that Chartsky is the most honest and transparent moderator I have seen in the various rooms I have been in. Today was my 5th day with him. Here are the results: His profit goal is $300-400 per day. Friday - hit profit goal, Monday he lost about 350, Tuesday and Wednesday hit profit goal both days and today was plus $150. So far so good and I'm glad I joined.

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  #13 (permalink)
Elite Member
Washington
 
Futures Experience: Advanced
Platform: Ninja Trade
Favorite Futures: ES
 
Posts: 6 since Nov 2011
Thanks: 2 given, 1 received

Chartsky


Thanks kkreidd..I joined to day. Expecting a call from him sometime today. See you there...

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  #14 (permalink)
Trading Apprentice
spokane, wa
 
Futures Experience: Beginner
Platform: tradestation
Favorite Futures: cl
 
Posts: 28 since Jan 2014
Thanks: 0 given, 11 received

Hi All,

Just wanted to update you because I have had a couple of messages. I have decided not to continue with Chartsky. While transparent, he is not consistent enough for me. My first week with him he was profitable, but last week was a losing week for him.

Hope this helps

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  #15 (permalink)
Market Wizard Apprectice
New York City, USA
 
Futures Experience: Advanced
Platform: NinjaTrader
Favorite Futures: ES, CL, 6E
 
futurestrader1's Avatar
 
Posts: 147 since Jul 2010
Thanks: 81 given, 40 received

I have just taken the monthly trial with Chartsky for $250 per month.

On the first day he was down $400 on taking trades that, in my opinion, were too early by placing limit orders ahead on the market to catch bounces. They didn't work. Seemed like picking tops and bottoms to where he believes is support and resistance.

After the session he sends this email.



Quoting 
Hi Guys,


I know the markets are really terrible, and hysterical, with all the uncertainty about the latest world-wide economic problem -- this time with Greece. But this will pass.


And we had a tough morning losing a couple of trades . . . but here's a little perspective. This is a screen shot from one of the more popular traders that people pay $400 a month (almost twice as much as me) to follow. He calls stock indexes -- just like we trade. While we lost a couple this morning and stopped, you can see his subscribers lost a staggering $3,936.00 . . . just this morning!


We can make this morning's losses back in a single session. Can they?

Best Regards,

Chartsky

To me it seems lame to blame the market and point outside himself to justify his bad trading. And comparing some random room that lost more than he yesterday is totally ridiculous. Made me laugh because I had a winning day while I traded his losing trades on sim. Apparently he want's thousands of dollars to learn his method of trading off S/R levels with basically a 1:1 risk/reward and moving the stop to BE+1 after it moves 75% to target.

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  #16 (permalink)
Elite Member
Washington
 
Futures Experience: Advanced
Platform: Ninja Trade
Favorite Futures: ES
 
Posts: 6 since Nov 2011
Thanks: 2 given, 1 received

Hey futurestrader -
About my same experience. Ask him about his charts...he told me that they are up just to give the people in the room something to look at while he trades from another chart...LOL I tried to ask him specific questions and he replied that he doesn't answer those type questions. He also didn't open the room a few days because he had to take his grandson to the dr, and didn't let anyone know he was doing that...we sat there wondering what the heck is going on. This guy is something else.


futurestrader1 View Post
I have just taken the monthly trial with Chartsky for $250 per month.

On the first day he was down $400 on taking trades that, in my opinion, were too early by placing limit orders ahead on the market to catch bounces. They didn't work. Seemed like picking tops and bottoms to where he believes is support and resistance.

After the session he sends this email.




To me it seems lame to blame the market and point outside himself to justify his bad trading. And comparing some random room that lost more than he yesterday is totally ridiculous. Made me laugh because I had a winning day while I traded his losing trades on sim. Apparently he want's thousands of dollars to learn his method of trading off S/R levels with basically a 1:1 risk/reward and moving the stop to BE+1 after it moves 75% to target.


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  #17 (permalink)
Elite Member
Austin/TX
 
Futures Experience: Advanced
Platform: NT
Favorite Futures: ES, TF
 
Posts: 25 since Jun 2010
Thanks: 0 given, 8 received

update

I saw a friend do a trial and I watch it live, here is what I saw.

Review of Charsky room that cost $300/mo.

Cons
a. Always very quickly moving trades around for entries and exits (1 second quick changes)
The trade has to snap in his direction instantly.
b. If a trade doesn't go well within 2 seconds he takes BE or a small loss
c. Doubled up to 6 lots on one trade but wrote it as 2 lots.
d. Complains that volume is low and about HFT computers
e. One day was three losers in a row.
f. Trades 3 lots on each market and for no reason does 4 lots on 6E
Although his site says 1 lot, etc. 1 position is 3 lots/ or 4 lots.
g. Filled to the tick on CL at least 3 or 4 times.
h. Won't say directly that he uses real money.
I. His ninjatrader froze and he yells get out, then gotomeeting suddenly closes.
j. Suddenly closes room on BE or loss
k. does not show DOM, only chart trader, no proof it is real money.
l. Counter trading, Scalps only. Misses and trend of any kind,, like the huge ES drop this week.
m. Too many break even/small losing days.



Pros
b. The risk to reward is okay. You might make money each month.

Asking for a refund!

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