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Anyone know anyting about Pivot Lines Trading site ?
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Anyone know anyting about Pivot Lines Trading site ?

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Market Wizard
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Tiny bit confused on who "us" is please......



All it says IMHO, if true, is that this person or group has developed the necessary skill sets to extract cash from the market. This has nothing whatsoever to do with the "how" of how they do it. The only way stat worth its weight as a standalone piece of info is expectancy.



IMHO the method is not the skill that produces or creates trading profits. It is a different skill altogether. Entirely different. But it makes for one awesome business to sell this idea of a trading method that if just followed will bring all the unlimited riches of the market straight into your account. Because so few new(er) traders, if any, understand this.

Ron

Just for fun, I pulled together the "performance" of one set of the site's "trades" (I must stress that these are supposedly hypothetical trades, so nobody put real money on the line).

The set I picked was just the first one, i.e. the one in the Box Line Performance :: Pivot Lines page.

I did not want to pull together all of them as I'm being lazy but, sure enough, this one, at 94%, is near the 97% profitable trading days claimed at the top of the page.

I'm sure that if I pulled all three sheets together I would come up with 97%.


Ron, I also calculated expectancy, although I'm not sure the format is how you expect it to be. Needless to say, on paper, it looks good.

But that's the catch. This is all theoretical results. No trades took place. If they had, most likely the results could vary. Widely.


I am not the one saying it. It is the site's disclaimer that says it for me.

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