trading hundreds of contract everyday? Real or no Real? - futures io
futures io futures trading



trading hundreds of contract everyday? Real or no Real?


Discussion in Trading Reviews and Vendors

Updated
      Top Posters
    1. looks_one JoeMich with 9 posts (0 thanks)
    2. looks_two TheTradeSlinger with 6 posts (8 thanks)
    3. looks_3 xplorer with 2 posts (0 thanks)
    4. looks_4 Blash with 2 posts (1 thanks)
    1. trending_up 5,611 views
    2. thumb_up 12 thanks given
    3. group 12 followers
    1. forum 22 posts
    2. attach_file 0 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 125,000 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)

Closed Thread
 
Search this Thread
 

trading hundreds of contract everyday? Real or no Real?

(login for full post details)
  #1 (permalink)
california los angeles
 
 
Posts: 21 since Jan 2016
Thanks: 4 given, 8 received

Hey guys, been to the website tradeitdontdate.com for a while and watch his videos. I have to say it is very inspiring to see guy trading hundreds of contract and consistently making 200k everyday. Thats what I am dreaming for. So for the pass weeks, I have been to his website and able to watch his live stream for few times. However, Something just doesn't feel right. Yes, you see him up 6 figures, but how so? I don't know because he opened live stream after he already up about 500k( forgot what is the exact amount). one time he was short and up about 60k, (again, don't know when he was shorted), and price just hit a bottom and start pulling back to his entry price. I was really interested to see how he would managed that trade. Then he just close the live stream. What??? Serious???

Now I am not saying that he is not a good trader? But I really suspect that this is another "GURU". The Ads on his website, (also ad from Ninja Trader, which is the broker he used in the video). would a millions trader care about those income from those website advertisement? Also, he has been trading for 8 years, so I guess 2007? In the video from 2010, he was already trading 500+contracts. WOW... don't know what to say. I don't know what he do it. But sure there are a lot of trader look up to him like a god.

To be honest, I think this guy definitely has some trading knowledge and skill for sure. But he's performance is just unjustified base on what I see. Don't get me wrong, I really hope that this is a true story, and not just another guy trying get pay by getting people viewing his site.

I am not a good trader, and only been to his site for a short period of time, does anyone here has experience in his website? What do you guys think? Real trader or not?


Journal Challenge February 2021 results (so far):
Competing for $1500 in prizes from Topstep
looks_oneSBtrader82 's Trading Journalby SBtrader82
(170 thanks from 31 posts)
looks_twoJust BEING a Trader: Letting Go!!by iqgod
(116 thanks from 33 posts)
looks_3Wisdom is Emptinessby Mtype
(68 thanks from 25 posts)
looks_4Deetee’s DAX Trading Journal (time based)by Deetee
(31 thanks from 17 posts)
looks_5Journal for peanuts1956by peanuts1956
(23 thanks from 13 posts)
 
 
(login for full post details)
  #3 (permalink)
Huntington WV
 
Experience: Advanced
Platform: TradeStation
Trading: ES, CL
 
TheTradeSlinger's Avatar
 
Posts: 430 since Jun 2015
Thanks: 714 given, 589 received


@JoeMich, Lak is as real as it gets.

He's not a teacher or a guru or anything like that, just a guy that trades and enjoys what he does.

I was in your shoes a few years ago, doubting his trading and videos. I came to realize that the doubt was a form of trying to comfort myself from the idea that someone out there was so much better than I was and making it look easy. Oh, a guy making hundreds of thousands in a day while I'm trading my hardest and losing hundreds (if not thousands some days)? Gotta be fake, yep, gotta be fake. It's a false comfort we as humans can delude ourselves into thinking/believing.

The more I got to know Lak through his videos and livestreaming, the more I realized that I can achieve whatever I want to achieve with my trading, it just takes hard work that very few people will ever put in the effort to make it happen.

Lak has put in the hard work and has made it happen for himself and his family on a scale unimaginable to the average losing/break even trader.

You are quite lucky to be watching the livestream actually, he's not been livestreaming for a year or so and just came back last week.

Watch his videos/streams with an eye to price action, levels, support/resistance to get the most out of them.

As Lak says: Learn to read a chart, and then trust yourself. That's all there is to it.

(PS: the trusting yourself part is the hardest in my opinion)

Follow me on Twitter Visit my futures io Trade Journal
The following 6 users say Thank You to TheTradeSlinger for this post:
 
(login for full post details)
  #4 (permalink)
california los angeles
 
 
Posts: 21 since Jan 2016
Thanks: 4 given, 8 received


TheTradeSlinger View Post
@JoeMich, Lak is as real as it gets.

He's not a teacher or a guru or anything like that, just a guy that trades and enjoys what he does.

I was in your shoes a few years ago, doubting his trading and videos. I came to realize that the doubt was a form of trying to comfort myself from the idea that someone out there was so much better than I was and making it look easy. Oh, a guy making hundreds of thousands in a day while I'm trading my hardest and losing hundreds (if not thousands some days)? Gotta be fake, yep, gotta be fake. It's a false comfort we as humans can delude ourselves into thinking/believing.

The more I got to know Lak through his videos and livestreaming, the more I realized that I can achieve whatever I want to achieve with my trading, it just takes hard work that very few people will ever put in the effort to make it happen.

Lak has put in the hard work and has made it happen for himself and his family on a scale unimaginable to the average losing/break even trader.

You are quite lucky to be watching the livestream actually, he's not been livestreaming for a year or so and just came back last week.

Watch his videos/streams with an eye to price action, levels, support/resistance to get the most out of them.

As Lak says: Learn to read a chart, and then trust yourself. That's all there is to it.

(PS: the trusting yourself part is the hardest in my opinion)

he only stream for a short while after he had made a chunk of $$$, I will definitely keep watching. BTW I actually hope he is real.

 
(login for full post details)
  #5 (permalink)
Site Moderator
London UK
 
Experience: Beginner
Platform: CQG
Broker: S5
Trading: Futures
 
xplorer's Avatar
 
Posts: 5,295 since Sep 2015
Thanks: 13,326 given, 12,596 received


JoeMich View Post
he only stream for a short while after he had made a chunk of $$$, I will definitely keep watching. BTW I actually hope he is real.

We do know that there are traders out there that can make this kind of money. One proven example is a London guy named Nav Sarao. He came to the fore last summer when he was charged by the CFTC for market manipulation.

Manipulation aside, there are records in the complaint lodged by the CFTC that show he was trading on average 10,000 round trips a day, with average profits of 90k a day.

Sarao engaged in high volume scalping - Not for the faint-hearted

 
(login for full post details)
  #6 (permalink)
california los angeles
 
 
Posts: 21 since Jan 2016
Thanks: 4 given, 8 received


xplorer View Post
We do know that there are traders out there that can make this kind of money. One proven example is a London guy named Nav Sarao. He came to the fore last summer when he was charged by the CFTC for market manipulation.

Manipulation aside, there are records in the complaint lodged by the CFTC that show he was trading on average 10,000 round trips a day, with average profits of 90k a day.

Sarao engaged in high volume scalping - Not for the faint-hearted

his performance is one thing, but the Ads on his website makes it look very sketchy.

 
(login for full post details)
  #7 (permalink)
Site Moderator
London UK
 
Experience: Beginner
Platform: CQG
Broker: S5
Trading: Futures
 
xplorer's Avatar
 
Posts: 5,295 since Sep 2015
Thanks: 13,326 given, 12,596 received


JoeMich View Post
his performance is one thing, but the Ads on his website makes it look very sketchy.

I am merely pointing out that there are traders out there that can swing that many contracts... I did not say tradeitdontdateit.com is legit

 
(login for full post details)
  #8 (permalink)
Buenos Aires Argentina
 
Experience: Advanced
Platform: NT, MT4, Sierra
Trading: S&P, Bonds, Crude, FX
 
Posts: 250 since Sep 2014
Thanks: 37 given, 244 received

Seems like a very simple scenario if he is trading with that much size. Just watch the time and sales tape and see if his trades actually show up. If he's trading any round number of contracts in single blocks, e.g. 50, 100, 200, 300, 500, then it won't be that hard to track him live in the markets. If he is using a simple algorithm to reconstruct his blocks and fire them in singles, that's a bit harder. But surely for example, if he's day trading, then at some point he probably fires a small block order and then you should be able to see whether or not that trade was real looking through the time and sales.

 
(login for full post details)
  #9 (permalink)
california los angeles
 
 
Posts: 21 since Jan 2016
Thanks: 4 given, 8 received


MacroNinja View Post
Seems like a very simple scenario if he is trading with that much size. Just watch the time and sales tape and see if his trades actually show up. If he's trading any round number of contracts in single blocks, e.g. 50, 100, 200, 300, 500, then it won't be that hard to track him live in the markets. If he is using a simple algorithm to reconstruct his blocks and fire them in singles, that's a bit harder. But surely for example, if he's day trading, then at some point he probably fires a small block order and then you should be able to see whether or not that trade was real looking through the time and sales.

good one MacroNinja, but i think sometime orders get broken down to smaller one and shown on times and sells? have not seem him open or close a trade yet so I dont know

 
(login for full post details)
  #10 (permalink)
Chicago, IL
 
Experience: None
Platform: NT8,NT7,TWS
Broker: InteractiveBrokers, S5T, IQFeed
Trading: The one I'm creating in the present....Index Futures mini/micro, ZF
 
Blash's Avatar
 
Posts: 2,265 since Nov 2011
Thanks: 7,167 given, 4,399 received



JoeMich View Post
Hey guys, been to the website tradeitdontdate.com for a while and watch his videos. I have to say it is very inspiring to see guy trading hundreds of contract and consistently making 200k everyday. Thats what I am dreaming for. So for the pass weeks, I have been to his website and able to watch his live stream for few times. However, Something just doesn't feel right. Yes, you see him up 6 figures, but how so? I don't know because he opened live stream after he already up about 500k( forgot what is the exact amount). one time he was short and up about 60k, (again, don't know when he was shorted), and price just hit a bottom and start pulling back to his entry price. I was really interested to see how he would managed that trade. Then he just close the live stream. What??? Serious???

Now I am not saying that he is not a good trader? But I really suspect that this is another "GURU". The Ads on his website, (also ad from Ninja Trader, which is the broker he used in the video). would a millions trader care about those income from those website advertisement? Also, he has been trading for 8 years, so I guess 2007? In the video from 2010, he was already trading 500+contracts. WOW... don't know what to say. I don't know what he do it. But sure there are a lot of trader look up to him like a god.

To be honest, I think this guy definitely has some trading knowledge and skill for sure. But he's performance is just unjustified base on what I see. Don't get me wrong, I really hope that this is a true story, and not just another guy trying get pay by getting people viewing his site.

I am not a good trader, and only been to his site for a short period of time, does anyone here has experience in his website? What do you guys think? Real trader or not?

Watch some of his stuff about 4 or 5 years ago and made the mistake of showing it to the wifey poo..... then of course right then, as he does a lot, he flashed up on the screen these chicks with big ones....boy did I get it.....lol....lol

Ron

...My calamity is My providence, outwardly it is fire and vengeance, but inwardly it is light and mercy...
The steed of this Valley is pain; and if there be no pain this journey will never end.
Buy Low And Sell High (read left to right or right to left....lol)
Follow me on Twitter Visit my futures io Trade Journal
 
(login for full post details)
  #11 (permalink)
california los angeles
 
 
Posts: 21 since Jan 2016
Thanks: 4 given, 8 received


traderwerks View Post
I don't watch much, but I have seen him down a lot before he cuts the trade. He also trades smaller most of the time, but I think the recent volatility has helped. Besides, he doesn't charge anything, just hand out.

yes, he doesn't sell anything. But he will get paid from all those Ads on this website. The more people visit, the more he get paid.

 
(login for full post details)
  #12 (permalink)
Huntington WV
 
Experience: Advanced
Platform: TradeStation
Trading: ES, CL
 
TheTradeSlinger's Avatar
 
Posts: 430 since Jun 2015
Thanks: 714 given, 589 received


JoeMich View Post
yes, he doesn't sell anything. But he will get paid from all those Ads on this website. The more people visit, the more he get paid.

Using data from: Tradeitdontdateit.com Analytics - See Traffic Ranking & Stats

and cost per impression data from: https://www.quora.com/How-much-money-can-I-make-with-1000-visitors-per-day-using-Google-AdSense

I estimate that Lak's website made $4 in all of December 2015.

Lol, you have to understand, the website is just a collection of interesting videos/documentaries and a few of his trading videos. I believe he was intending to make it a journal like thing, but eventually said screw it. The last update was Oct 2014!

His youtube videos are a gold mine of how to trade price action.

Less worrying/doubting, more studying!

Follow me on Twitter Visit my futures io Trade Journal
 
(login for full post details)
  #13 (permalink)
california los angeles
 
 
Posts: 21 since Jan 2016
Thanks: 4 given, 8 received


TheTradeSlinger View Post
Using data from: Tradeitdontdateit.com Analytics - See Traffic Ranking & Stats

and cost per impression data from: https://www.quora.com/How-much-money-can-I-make-with-1000-visitors-per-day-using-Google-AdSense

I estimate that Lak's website made $4 in all of December 2015.

Lol, you have to understand, the website is just a collection of interesting videos/documentaries and a few of his trading videos. I believe he was intending to make it a journal like thing, but eventually said screw it. The last update was Oct 2014!

His youtube videos are a gold mine of how to trade price action.

Less worrying/doubting, more studying!

his videos are interesting. Specially on the earlier ones always in the market trading for ticks. Does he use Time and Sales and watching order flow to make decision? What do you think?

 
(login for full post details)
  #14 (permalink)
Huntington WV
 
Experience: Advanced
Platform: TradeStation
Trading: ES, CL
 
TheTradeSlinger's Avatar
 
Posts: 430 since Jun 2015
Thanks: 714 given, 589 received


JoeMich View Post
his videos are interesting. Specially on the earlier ones always in the market trading for ticks. Does he use Time and Sales and watching order flow to make decision? What do you think?

No time and sales usage.

Order flow sorta yes, in terms of how the chart develops.

Watching the chart for momentum, levels, and price action is literally all there is to it.

Buy support, sell resistance.

Notice how in the older videos there are indicators and over time the charts dwindle down to just price action?

Everything is in the chart.

Follow me on Twitter Visit my futures io Trade Journal
 
(login for full post details)
  #15 (permalink)
california los angeles
 
 
Posts: 21 since Jan 2016
Thanks: 4 given, 8 received


TheTradeSlinger View Post
No time and sales usage.

Order flow sorta yes, in terms of how the chart develops.

Watching the chart for momentum, levels, and price action is literally all there is to it.

Buy support, sell resistance.

Notice how in the older videos there are indicators and over time the charts dwindle down to just price action?

Everything is in the chart.

So basically no tape reading required? interesting how he scalp only with support and resistance.

 
(login for full post details)
  #16 (permalink)
Huntington WV
 
Experience: Advanced
Platform: TradeStation
Trading: ES, CL
 
TheTradeSlinger's Avatar
 
Posts: 430 since Jun 2015
Thanks: 714 given, 589 received


JoeMich View Post
So basically no tape reading required? interesting how he scalp only with support and resistance.

Well what do you consider to be tape reading?

I can watch a chart and see if price is failing at a level visually, how it develops, pace, momentum, etc.

Is that tape reading? I don't know, maybe?

If you are referring to watching the DOM tick up and down and how the resting orders numbers change, then absolutely no.

To me, it's all in the charts.

Follow me on Twitter Visit my futures io Trade Journal
 
(login for full post details)
  #17 (permalink)
Huntington WV
 
Experience: Advanced
Platform: TradeStation
Trading: ES, CL
 
TheTradeSlinger's Avatar
 
Posts: 430 since Jun 2015
Thanks: 714 given, 589 received


JoeMich View Post
interesting how he scalp only with support and resistance.

That's literally the only way to do it.

It's comical to see all these new "order flow" tools such as Jigsaw and others.

Think about it, did successful traders make money before all that crap came out?

The answer is yes.

Follow me on Twitter Visit my futures io Trade Journal
The following user says Thank You to TheTradeSlinger for this post:
 
(login for full post details)
  #18 (permalink)
california los angeles
 
 
Posts: 21 since Jan 2016
Thanks: 4 given, 8 received


TheTradeSlinger View Post
Well what do you consider to be tape reading?

I can watch a chart and see if price is failing at a level visually, how it develops, pace, momentum, etc.

Is that tape reading? I don't know, maybe?

If you are referring to watching the DOM tick up and down and how the resting orders numbers change, then absolutely no.

To me, it's all in the charts.

I am talking about reading large block of trade getting hit on bid or ask to determine to short momentum. For me, I don't watch the dom or times and sale. just wondering if this is how he find his entry.

 
(login for full post details)
  #19 (permalink)
Huntington WV
 
Experience: Advanced
Platform: TradeStation
Trading: ES, CL
 
TheTradeSlinger's Avatar
 
Posts: 430 since Jun 2015
Thanks: 714 given, 589 received


JoeMich View Post
I am talking about reading large block of trade getting hit on bid or ask to determine to short momentum. just wondering if this is how he find his entry.

100% not what he is looking for.

Levels, price action, momentum, s/r.

Follow me on Twitter Visit my futures io Trade Journal
The following user says Thank You to TheTradeSlinger for this post:
 
(login for full post details)
  #20 (permalink)
Chicago, IL
 
Experience: None
Platform: NT8,NT7,TWS
Broker: InteractiveBrokers, S5T, IQFeed
Trading: The one I'm creating in the present....Index Futures mini/micro, ZF
 
Blash's Avatar
 
Posts: 2,265 since Nov 2011
Thanks: 7,167 given, 4,399 received


TheTradeSlinger View Post
That's literally the only way to do it.



It's comical to see all these new "order flow" tools such as Jigsaw and others.



Think about it, did successful traders make money before all that crap came out?



The answer is yes.


How ever many traders there are is how many ways there are to trade. It's just a business. Does McDonalds "trade" the same way Five Guys does? Both are in the same game yet vastly different and both a success. One has frozen stuff they call meat in the correct shape to resemble a burger the other hand forms the burger from fresh 100% beef. One has boxes and boxes of real potatoes out in the restaurant, with you as their storage, they use to make the fresh hand cut fries. The other has these frozen things they cook up that never change with age, 6 months later when you find one in your vehicle it's not moldy, it basically looks the exact same as day one. Two businesses could not be more different yet the same and successful.
The top echelon automobiles years ago had the keyless entry/remote start on the key chain but now most if not all vehicles have keyless entry hanging there next to the "key". These things trickle down. The big boys in trading had these type of tools (for example Jigsaw like) years before they were available to anyone. They had them coded just for themselves or could afford outrageously expensive tools others could not. Top echelon traders still have many ways to enter/exit the market with algorithms available from their elite brokerage houses that you can't be part of unless you have a few million to open an account with.
Having stochastic, RSI or stochasticRSI...lol... On my charts years ago ....you can "still see" what it is/was doing now because you get to know it so well you don't need it any more. It served its purpose.
Just little me IMHO.....lol

Ron


Sent from my iPhone using Tapatalk

...My calamity is My providence, outwardly it is fire and vengeance, but inwardly it is light and mercy...
The steed of this Valley is pain; and if there be no pain this journey will never end.
Buy Low And Sell High (read left to right or right to left....lol)
Follow me on Twitter Visit my futures io Trade Journal
The following user says Thank You to Blash for this post:
 
(login for full post details)
  #21 (permalink)
Site Sponsor

Web: Jigsaw Trading
AMA: Ask Me Anything
Webinars: Jigsaw Trading Webinars
Elite offer: Click here
 
 
Jigsaw Trading's Avatar
 
Posts: 2,977 since Nov 2010
Thanks: 823 given, 10,312 received

Might want to take a look @ this....



His limit orders seem to not have any impact on the order book....

Certainly on the screen shots in the above post - it's all SIM.

He later switched to using Market Orders - which makes this sort of thing harder to spot.

If you have any questions about the products or services provided, please send me a Private Message or use the futures.io "Ask Me Anything" thread
Visit my futures io Trade Journal
The following 3 users say Thank You to Jigsaw Trading for this post:
 
(login for full post details)
  #22 (permalink)
california los angeles
 
 
Posts: 21 since Jan 2016
Thanks: 4 given, 8 received


DionysusToast View Post
Might want to take a look @ this....



His limit orders seem to not have any impact on the order book....

Certainly on the screen shots in the above post - it's all SIM.

He later switched to using Market Orders - which makes this sort of thing harder to spot.

thanks, just looked at that, and also the fact that he traded 500+lots in only few years of trading just couldn't quite convince me. but he might doing good for himself. who knows unless somebody really knows him.

 
(login for full post details)
  #23 (permalink)
Site Administrator
Swing Trader
Data Scientist & DevOps
Manta, Ecuador
 
Experience: Advanced
Platform: My own custom solution
Trading: Emini Futures
 
Big Mike's Avatar
 
Posts: 49,753 since Jun 2009
Thanks: 32,299 given, 97,507 received


JoeMich View Post
Hey guys, been to the website tradeitdontdate.com for a while

Use the right thread.



Mike

We're here to help -- just ask

For the best trading education, watch our webinars
Searching for trading reviews? Review this list

Follow us on Twitter, YouTube, and Facebook

Support our community as an Elite Member:
https://futures.io/elite/
Follow me on Twitter Visit my futures io Trade Journal

Closed Thread

futures io Trading Community Trading Reviews and Vendors > trading hundreds of contract everyday? Real or no Real?


Last Updated on January 25, 2016


Upcoming Webinars and Events
 

NinjaTrader Indicator Challenge!

Ongoing
 

Journal Challenge w/$1500 prizes from Topstep!

February
 

Battlestations! Show us your trading desk - $1,500 in prizes!

March
 

Call Option Buying: The New Pain Trade? w/Carley Garner

Elite only
     



Copyright © 2021 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