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GARY NORDEN
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GARY NORDEN

  #21 (permalink)
Elite Member
salt lake utah
 
Futures Experience: Beginner
Platform: Sierra Chart
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Favorite Futures: ES, ZB
 
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@JimB17 I think as a former market maker himself, he can spot market making activities easily. That's why he confidently saying he's aiming for 70% success rate and no more than 2 ticks loss. If this market making technique is what i'm thinking, yes for sure can't lose than 2 or 3 ticks at most. But I have a feeling it also comes with a bias which direction the price will go because as @geth03 mentioned, market maker has it's own privilages, get a rebate even for BE. Remember one of market maker's job is to provide liquidity, don't care where the price will go, just care about making a market??? So how does it leave us retail traders? For sure you will go broke if you keep paying those fees per trade on BE trades, the only answer i can come up for now is you need to spot where the game is being played and still need a bias which direction it will go.

I never actually asked for any kind of statements from him because i feel he's very different from other self claimed trading gurus. You can spot this kind of scam already on their website promising you the world. 1st he charge pretty high but I never have the feeling he's trying to advertise his course, if he did i think it's not agressive at all. 2nd Bob or whomever taken his course never really given bad review, which can be assumed either they are now successful OR they are just feel embarrassed because they are still not making money OR they signed somekind of aggreement not to disclosed anything about what it is and things like that OR ....fill in the blank. You can see even on OFA website, his course is the most expensive one than the others.


Last edited by rintin2x; July 16th, 2017 at 04:19 PM.
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  #22 (permalink)
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Bend, Or USA
 
Futures Experience: Beginner
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As a quick followup I appear to be under a misimpression the Bob person took multiple courses from Mr. Norden. Although he has taken multiple courses, Mr. Norden said he only teaches the one course which I believe is $3750. On one website thought there were numerous other courses mentioned but I could have been incorrect.

Mr. Norden also contacted me to clarify this and also stated that his (successful) clients he advises it is "not in their interest to tell people". If they have an edge from his teaching why tell others. Hence a possible reason why there are no statements regarding his teachings.

I did not mean to mis-represent anything originally nor now. However I was under the impression multiple courses were offered and suggested by Mr. Norden and this is what the Bob guy had taken.

So still no idea exactly who is suited for this training or what it directs people toward or how applicable it is to anyone's personal trading nature. However there apparently is just the one course not multiple ones.

I don't believe my commission structure would let me profit from single tick scalping however, hence without any further clarity there is little reason for me personally to move forward with this path personally.

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  #23 (permalink)
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Futures Experience: Intermediate
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JimB17 View Post
As a quick followup I appear to be under a misimpression the Bob person took multiple courses from Mr. Norden. Although he has taken multiple courses, Mr. Norden said he only teaches the one course which I believe is $3750. On one website thought there were numerous other courses mentioned but I could have been incorrect.



Mr. Norden also contacted me to clarify this and also stated that his (successful) clients he advises it is "not in their interest to tell people". If they have an edge from his teaching why tell others. Hence a possible reason why there are no statements regarding his teachings.



I did not mean to mis-represent anything originally nor now. However I was under the impression multiple courses were offered and suggested by Mr. Norden and this is what the Bob guy had taken.



So still no idea exactly who is suited for this training or what it directs people toward or how applicable it is to anyone's personal trading nature. However there apparently is just the one course not multiple ones.



I don't believe my commission structure would let me profit from single tick scalping however, hence without any further clarity there is little reason for me personally to move forward with this path personally.


exactly. i trade my own account when eurex opens and trade at the prop firm the US session. i pay around 3€ per RT with my broker and nearly nothing at the prop firm. it makes it really hard even to scratch a trade bc you want at least get one tick to cover the comission. Eg i see a good setup, i enter with market bc i think i wouldnt get a fill with limit order. however the market goes 1 tick against me. when i exit the trade bc i think again i would not get a fill with the limit order i exit with a market order, that makes 3 tick loss + commission.
what i mean by this is retail trader scalping sucks a little bit. for one tick loss you need 2 tick winner to have little more than BE.





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