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Target Trader (www.proequitytrader.com)


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Target Trader (www.proequitytrader.com)

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  #1 (permalink)
 puppeye 
hk
 
Experience: Beginner
Platform: ninjatrader
 
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Posts: 56 since Aug 2009
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Has anyone tried ProEquityTrader.com ? They use a stoploss of 10 ticks and a profit target of 2 ticks. The risk to reward sounds pretty bad. Expectancy is negative even if it has a 80% winning rate. But some people have reported that they have tried it for 3 weeks and have not seen one single losing trade. Typically 3+ trades per day for ES. Trading hours are between 9:30 - 11:30.

Any comments will be appreciated.

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  #3 (permalink)
 babypowder 
Brooklyn, NY
 
Experience: Beginner
Platform: NinjaTrader
Broker: Mirus/IB/FinFx
Trading: ES, Forex
 
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Posts: 182 since Apr 2010
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I have not tried Pro Equity Trader but Wow, you would need a 90 plus percentage working with those ratios. If your stop is large enough with a small target like this, law of probability will be on your side. But again you can place your order anywhere and you can get the same results. Maybe someone who has tried them may chime in.

Babypowder

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  #4 (permalink)
 tickvix 
USA
 
Experience: Intermediate
Platform: Infinity
Broker: Infinity
Trading: ES, Euro
 
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I got interested and wanted to go and see what they were doing. They trade TF and ES on 4 range chart. They do take 2 ticks on each trade. During my stay in the room he had no stop outs, but I did ask about his stop and it is 10 ticks. No need to ask more. Moderator had no DOM showing when he was trading but entry were some what clear. His charts and indicators do look like what we can get in the forum such as SIM5, MACDBBline and TSSuperTrend and ADXMA would make your chart look like his, or very close to it. Hold for all to go red to short blue for long and you are in business if 2 and 10 is your goal in trading. Read Sharky, or Perry set ups would do just about the same. They offer class for $4K and 6K WOW!!!
BTW people in the room did made very clear that they were making money. But I still have an issue with 10 points stop not the way I trade.

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  #5 (permalink)
 Peter2150 
Washington DC
 
Experience: Intermediate
Platform: NinjaTrader
 
Posts: 214 since Jun 2009
Thanks: 110 given, 117 received

I am playing with a strategy from Rockwell Trading that uses similar parameters. 8 range chart, 2 tick target, 8 tick stop loss. And if you sat and traded it all day, you would lose big, but....

The trick is knowing based on the strategy, that you may have 2-4 winners and then a loser, which sets you back to a loss. So, first you set a realistic target for the day, say 8 ticks. Then wait for a losing trade. Now the probability is with you the next couple will be winners. Take the next to trades, and stop. Wait for the next loser, and then take the next two. Again probablility is on your side. Once you make you 8 ticks, QUIT.

This doesn't do bad.

Pete

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  #6 (permalink)
 gregid 
Wrocław, Poland
 
Experience: Intermediate
Platform: NinjaTrader, Racket
Trading: Ockham's razor
 
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Peter2150 View Post
I am playing with a strategy from Rockwell Trading that uses similar parameters. 8 range chart, 2 tick target, 8 tick stop loss. And if you sat and traded it all day, you would lose big, but....

The trick is knowing based on the strategy, that you may have 2-4 winners and then a loser, which sets you back to a loss. So, first you set a realistic target for the day, say 8 ticks. Then wait for a losing trade. Now the probability is with you the next couple will be winners. Take the next to trades, and stop. Wait for the next loser, and then take the next two. Again probablility is on your side. Once you make you 8 ticks, QUIT.

This doesn't do bad.

Pete

hmm... I am not convinced that's how probability works

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  #7 (permalink)
 Zoethecus 
United States of America
 
Experience: Advanced
Platform: NT
 
Posts: 1,149 since Aug 2009

Pete, every trade is a new decision--just like every roll of the dice, or each toss of a coin. What happened before has no bearing on what will happen now.

I would be more than interested to see the data that supports the idea that probability of a winner increases after a loser or vice versa in this method.

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  #8 (permalink)
TraderBee
USA
 
 
Posts: 6 since Jul 2010
Thanks: 0 given, 1 received

Hey! Yeah, I trade their system.
I was concerned about the 10 tick stop at the beginning and tested a 5 tick stop, which just didn't work (in my opinion). The TF is so volatile and needs a bit of room to do its thing. I didn't trade the ES for very long when I first began because it just moved too slow and I prefer to be done before the first report. But, 8 or 10 seems to be a good stop. I have been using a trailing stop on the TF and it is working awesome. Sometimes it will stop me at 3 ticks profit, other times I'll take 10+. My stop is set at 10 ticks and moves up to 1 when it hits 3 and trails 2 behind the profit. Honestly, I don't remember the last time I was chopped so the stop is not much of a concern to me. But, I also play super safe with my trailing stop and eliminate being chopped by having such a close trailer.
Wow, it is late! Hope that made sense. :-)

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  #9 (permalink)
 gulabv 
Dallas, TX
 
Experience: Beginner
Platform: Ninjatrader
Broker: Zen-Fire
Trading: ZN, 6E
 
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Posts: 286 since May 2010
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TraderBee,

Congrats on the success with your TF trades and this system!!

Sounds like you trade the first half hour (at least on report days). Can you share with us how long you have used this system, largest draw down experienced, average tick size win/loss, etc.

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  #10 (permalink)
 Zoethecus 
United States of America
 
Experience: Advanced
Platform: NT
 
Posts: 1,149 since Aug 2009



gulabv View Post
TraderBee,

Congrats on the success with your TF trades and this system!!

Sounds like you trade the first half hour (at least on report days). Can you share with us how long you have used this system, largest draw down experienced, average tick size win/loss, etc.

TraderBee, no offense, but when a new poster comes to a forum and praises a vendor I get skeptical. I think shill.

How about posting your daily trading blotter next week to put some teeth into your claims of success using this system?

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  #11 (permalink)
TraderBee
USA
 
 
Posts: 6 since Jul 2010
Thanks: 0 given, 1 received

Gulabv- Thanks! Yeah, I only trade the first half hour of the day and sometimes I will stay on longer if the market doesn't get too choppy after the reports. It is just a personal decision, but I feel more comfortable with the speed of the market at the beginning and it seems to take the best runs. Plus, I don't like to work more than an hour a day. lol
I've used the system for about 7 months now. I would have to say that the only hits I take would be due to oopsies on my part by taking a bad trade and trying to get in early before all my indicators line up. I try to be diligent, but sometimes I jump the gun and it doesn't always work out. But, that is only 10 ticks which is a few hundred bucks and I call it quits for the day... I have a rule about not recovering because I get too frazzled. Honestly though, I have only had 1 or 2 losers in the time I have been trading this system due to the actual indicators.
My average win is 5 ticks per trade and 20 ticks per day. I am currently using a trailing stop, so sometimes I'll only get 1 tick profit on a trade, other times I'll take 10 ticks profit.

Zoethecus- I get that. A low-down on traderbee--- I came over from a different forum because big mike's seems to be directed more towards what I am looking for. I needed some feedback about my trailing stop and got some great advice to take bigger profits. I also like to share what I trade and my experience, thus far. I am still a newbie in the market knowledge area, and it intrigues me to read threads on things I never knew about. Like trading coffee?!?!?! Blew my mind! I am also big in to "Rich Dad, Poor Dad" and I am always looking for other great avenues to invest money. Anyhoo... Yeah, I don't know what a "trading blotter" is, but I could take some screen shots or something next week and show my trades, I'll just find a way on here to do that? If you could let me know how, I would be happy to share them.

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  #12 (permalink)
 Fat Tails 
Berlin, Europe
 
Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker: Interactive Brokers
Trading: Keyboard
 
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Posts: 9,857 since Mar 2010
Thanks: 4,238 given, 26,761 received


TraderBee View Post
Hey! Yeah, I trade their system.
I was concerned about the 10 tick stop at the beginning and tested a 5 tick stop, which just didn't work (in my opinion). The TF is so volatile and needs a bit of room to do its thing. I didn't trade the ES for very long when I first began because it just moved too slow and I prefer to be done before the first report. But, 8 or 10 seems to be a good stop. I have been using a trailing stop on the TF and it is working awesome. Sometimes it will stop me at 3 ticks profit, other times I'll take 10+. My stop is set at 10 ticks and moves up to 1 when it hits 3 and trails 2 behind the profit. Honestly, I don't remember the last time I was chopped so the stop is not much of a concern to me. But, I also play super safe with my trailing stop and eliminate being chopped by having such a close trailer.
Wow, it is late! Hope that made sense. :-)

2 ticks profit -> $ 20.00 - $ 4.00 (commission) -> $ 16.00
10 ticks loss -> - $ 100.00 - $4.00 (commission) -> -104.00 $

How can this work? Only if the underlying probability distribution has a meagre tail, meaning that the 10 ticks event is rare compared to the lognormal distribution. I am afraid that empirical evidence is against this case, which has probably been invented by brokers to maximize the commissions.

Trading this system is emotionally satisfying, because you will get 5 or 6 wins for 1 loss, but you will pay for that fun.

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  #13 (permalink)
 smartguy 
ohio
 
Experience: Intermediate
Platform: tradestation
Trading: es
 
Posts: 30 since Feb 2010
Thanks: 28 given, 9 received

traderbee- can you please provide a step by step how you setup your trailing stop for your 1 pt target. thanks. I am new to ninjatrader

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  #14 (permalink)
TraderBee
USA
 
 
Posts: 6 since Jul 2010
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K, so this is how I have mine.

Go into your dome and under Stop Strategy select: Custom. Then, below is how it looks.

Profit trigger: 0 Plus: 0

1 step:
Stop loss: 2 Frequency: 2 Profit trigger: 3

Volume trigger: 0

I have my ATM strategy saved too which is really nice when I wake up late and need it set up fast. :-) To do that, go to ATM Strategy and select custom. set your stop loss, profit target (I have it set at 20 ticks, just to give it plenty of room for a runner) and stop strategy. Right click "manage ATM" and name it, then save it. It's super nice!!

Hope this helps! :-)



smartguy View Post
traderbee- can you please provide a step by step how you setup your trailing stop for your 1 pt target. thanks. I am new to ninjatrader


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  #15 (permalink)
 smartguy 
ohio
 
Experience: Intermediate
Platform: tradestation
Trading: es
 
Posts: 30 since Feb 2010
Thanks: 28 given, 9 received

Thanks for sharing traderbee- Ninjatrader has many capabilities I need to get up to speed with. Thank you again.

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  #16 (permalink)
 Fat Tails 
Berlin, Europe
 
Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker: Interactive Brokers
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Zoethecus View Post
TraderBee, no offense, but when a new poster comes to a forum and praises a vendor I get skeptical. I think shill.

How about posting your daily trading blotter next week to put some teeth into your claims of success using this system?

It is always the same story. I am a housewife. I am living in the USA (location not disclosed), and I am focussing on threads and posts to promote www.proequitytrader.com.

One of TraderBee's posts from the forum T2W (same username).

"If you are looking for something super easy to understand and incredibly accurate, check out www.ProEquityTrader.com
You can go to their website and join their Trading room free for a week and even try out their indicators before you buy... they don't really advertise that, but they let me, so mention it.
I'm just a housewife who trades for daily income, yet I I have not had a losing trade for weeks! The accuracy is great!

Good luck! "

Housewife with no losing trades for weeks.



I am an orang utan, I have never had a losing trade in my life! *)





*) yep, baby orang utan, not so many trades....

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  #17 (permalink)
 Zoethecus 
United States of America
 
Experience: Advanced
Platform: NT
 
Posts: 1,149 since Aug 2009


TraderBee View Post
Zoethecus- Anyhoo... Yeah, I don't know what a "trading blotter" is, but I could take some screen shots or something next week and show my trades, I'll just find a way on here to do that? If you could let me know how, I would be happy to share them.

Take a screenshot of your monthly broker statements and erase your name and account number for privacy. That should be easy enough.

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  #18 (permalink)
 Zoethecus 
United States of America
 
Experience: Advanced
Platform: NT
 
Posts: 1,149 since Aug 2009


Fat Tails View Post
It is always the same story. I am a housewife. I am living in the USA (location not disclosed), and I am focussing on threads and posts to promote www.proequitytrader.

One of TraderBee's posts from the forum T2W (same username).

"If you are looking for something super easy to understand and incredibly accurate, check out www.ProEquityTrader.com
You can go to their website and join their Trading room free for a week and even try out their indicators before you buy... they don't really advertise that, but they let me, so mention it.
I'm just a housewife who trades for daily income, yet I I have not had a losing trade for weeks! The accuracy is great!

Good luck! "

Housewife with no losing trades for weeks.



I am an orang utan, I have never had a losing trade in my life! *)





*) yep, baby orang utan, not so many trades....

Roger Felton had the same type of promoter a few years ago on Elite Trader. One of the forensic types over there discovered it happened to be Roger's wife.

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  #19 (permalink)
 Fat Tails 
Berlin, Europe
 
Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker: Interactive Brokers
Trading: Keyboard
 
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Posts: 9,857 since Mar 2010
Thanks: 4,238 given, 26,761 received


Zoethecus View Post
Roger Felton had the same type of promoter a few years ago on Elite Trader. One of the forensic types over there discovered it happened to be Roger's wife.

The housewife idea is not bad marketing. They try to lure inexperienced traders, so they need a sample customer who triggers the purchaser's confidence in the product. It is a bit like the testimonials on the websites.

The reaction is supposed to be: If that housewife can be successful, I can do that as well,. No losing trades in several weeks! after all the product is not that expensive.

But the housewife story and the statement that there were no losing trades over several weeks - with a stop loss of 2 or 3 ticks - reveals that they are hunting for credulous beginners.

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  #20 (permalink)
 skf42005 
New City, NY
 
Experience: Advanced
Platform: Ninja Trader
Broker: Mirus/Zen Fire
Trading: CL, Currency Futures
 
Posts: 7 since Apr 2010
Thanks: 0 given, 1 received

I was in a Pro Equity Trader webinar tonight and I have several comments. First, I was really rubbed the wrong way when John Gifford told us about his religious background and said that he had asked the good lord that if he was shown a way to make money that could be duplicated that he would show people how to do it as a way of giving back. Well I guess he is giving back at $6995 for his one on one mentorship but do not fret, you could pay a measly $4995 and get the mentoring online (both come with the life time indicator license). I guess his altruism comes from his incredibly low priced lifetime indicator license at a bargain basement price of only $2995. I don't know too much about religion but charging the newbie traders thousands of dollars doesn't seem like the Christian thing to me.

In the webinar, he said on ES he goes for 2 ticks and has a stop of 2 points (trades 3 contracts). I think he did mention that he has a 10 tick stop for TF. I did the math and assuming a $4.50 commission/fees, you would need to be correct at least 84% of the time to break even. He claims that he averages about 95% and in July 2010, he had over 97% correct. He showed what I think was a Tradestation report and I forget what his profit was, but his profit factor I believe was slightly over 4.5.

Even with my skeptism, here's what intrigues me. If the average of 95% is correct (which I'm very skeptical about in live trading with slippage and missed trades), then trading their methodology out of the box, your profit on 100 trades would be $4,275 (assumes a $4.50 commission) and in a month where the profitability drops to 90%, your profit would be $2,400 and if the system gets pounded down to 75% correct, your loss would be $3,225. Let's say you average somewhere between the 90% - 95% for 10 months and for 2 months the system drops down to 75%, your annual profit would be about $27,000 (per 3 contracts; this assumes 100 trades per month which seems reasonable from what I saw). Now all of this is a huge if (if it really is 95% positive and if it can be executed in live trading as effectively). I think doing something similar to what Trader Bee is doing with attempting to go for a runner on one of the contracts could enhance the profitability of the system. I am definitely no where near sold at this point but I am intrigued enough to look into it further.

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  #21 (permalink)
 skf42005 
New City, NY
 
Experience: Advanced
Platform: Ninja Trader
Broker: Mirus/Zen Fire
Trading: CL, Currency Futures
 
Posts: 7 since Apr 2010
Thanks: 0 given, 1 received

Zoethecus, did Roger Felton really do that with his wife? I was in his webinar tonight and he seemed like a slick salesman. He gave several excuses of why he doesn't trade live in the room (but at least he admitted to trading in SIM in the room). He asked if anyone thinks that Tiger Woods should be training someone to play golf while playing in the Masters. He also mentioned that he would need to be licensed as a CTA which I know for a fact is bs. I can understand not wanting to be distracted by teaching while you are trading but if you can't do this effectively, then why bother teaching if your methods are so good?

Sorry for being off topic on this thread.

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  #22 (permalink)
 skf42005 
New City, NY
 
Experience: Advanced
Platform: Ninja Trader
Broker: Mirus/Zen Fire
Trading: CL, Currency Futures
 
Posts: 7 since Apr 2010
Thanks: 0 given, 1 received

I forgot to mention, in the webinar John Gifford mentioned that there was a free 5 day trial and he provided the URL which brings you to their order page which has a link to a $19.95 5 day trial. Since when is $19.95 free? Hopefully the 95% winning trades isn't really 59%, lol.

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  #23 (permalink)
 Fat Tails 
Berlin, Europe
 
Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker: Interactive Brokers
Trading: Keyboard
 
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Posts: 9,857 since Mar 2010
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skf42005 View Post
I was in a Pro Equity Trader webinar tonight and I have several comments. First, I was really rubbed the wrong way when John Gifford told us about his religious background and said that he had asked the good lord that if he was shown a way to make money that could be duplicated that he would show people how to do it as a way of giving back.

The Good Lord might be laughing.

I think that He might be neither interested in the business of redistributing money nor in selling snake oil.

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  #24 (permalink)
 tickvix 
USA
 
Experience: Intermediate
Platform: Infinity
Broker: Infinity
Trading: ES, Euro
 
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Posts: 232 since Feb 2010
Thanks: 137 given, 156 received

I have been in the room for one week. They took trades and never had one losing trade. The issue with such trading is after the fact.
Moderator in the room had no DOM up. He had his charts with indicators and when indicars would fire he would say etry long, or short. Well all is good when trade is going in your direction, but when indicators fired and trade did not go in your direction moderator was no where to be found!!!! LOL
For $6K hire your self a pro to teach you how to trade. I would say several traders in this forum who do know how to trade would teach for less and one would get more. I hope I'm right.
Just my view on proequitytrader.

TickVix/Gregory

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  #25 (permalink)
 Zoethecus 
United States of America
 
Experience: Advanced
Platform: NT
 
Posts: 1,149 since Aug 2009


skf42005 View Post
Zoethecus, did Roger Felton really do that with his wife? I was in his webinar tonight and he seemed like a slick salesman. He gave several excuses of why he doesn't trade live in the room (but at least he admitted to trading in SIM in the room). He asked if anyone thinks that Tiger Woods should be training someone to play golf while playing in the Masters. He also mentioned that he would need to be licensed as a CTA which I know for a fact is bs. I can understand not wanting to be distracted by teaching while you are trading but if you can't do this effectively, then why bother teaching if your methods are so good?

Sorry for being off topic on this thread.

My understanding is this woman was exposed by a member of ET. First, he learned she was Roger's secretary, who also turned out to be his wife.

The Tiger Woods analogy is ludicrous. Felton has never demonstrated he can profitably trade with cash; Tiger Woods is one of the best golfers of all time.

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TraderBee
USA
 
 
Posts: 6 since Jul 2010
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Okay... so being a woman in the trading market is slim and few, but being a housewife as well, I must be a hoax? BS! Well, guess what... I'm a housewife, a mom, and I TRADE! OMG! ludicrous, right??!!!!
Obviously, this male dominated forum is not the right place for me!! I joined to learn more from others, and share my success... I assume that is what this is all about! Do I pitch the product I purchased? damn right. I bought it, it works, I'm happy and it makes me money! Who wouldn't?!?!?!
Guess I will go back to observing, learning, and NOT sharing!



Fat Tails View Post
The housewife idea is not bad marketing. They try to lure inexperienced traders, so they need a sample customer who triggers the purchaser's confidence in the product. It is a bit like the testimonials on the websites.

The reaction is supposed to be: If that housewife can be successful, I can do that as well,. No losing trades in several weeks! after all the product is not that expensive.

But the housewife story and the statement that there were no losing trades over several weeks - with a stop loss of 2 or 3 ticks - reveals that they are hunting for credulous beginners.


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  #27 (permalink)
 Zoethecus 
United States of America
 
Experience: Advanced
Platform: NT
 
Posts: 1,149 since Aug 2009


TraderBee View Post
Okay... so being a woman in the trading market is slim and few, but being a housewife as well, I must be a hoax? BS! Well, guess what... I'm a housewife, a mom, and I TRADE! OMG! ludicrous, right??!!!!
Obviously, this male dominated forum is not the right place for me!! I joined to learn more from others, and share my success... I assume that is what this is all about! Do I pitch the product I purchased? damn right. I bought it, it works, I'm happy and it makes me money! Who wouldn't?!?!?!
Guess I will go back to observing, learning, and NOT sharing!

You offered to post your trading statements to support your claims on the success you had with this vendor. So far, you haven't done that. Perhaps you skipped my post about that.



I'm afraid without proof, you're really not "sharing" anything. The reason proof is required is because you said a vendor helped you. Experience has shown that people who make claims of extraordinary trading success due to a vendor's methods are not credible. In fact, most are shills. Coupled with the fact this is the only thread you choose to post in further raises the red flag about your intent.

So, instead of getting indignant about any perceived sexists comments from FT, post your statements if you really want help here.

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  #28 (permalink)
 Fat Tails 
Berlin, Europe
 
Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker: Interactive Brokers
Trading: Keyboard
 
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Posts: 9,857 since Mar 2010
Thanks: 4,238 given, 26,761 received


TraderBee View Post
Okay... so being a woman in the trading market is slim and few, but being a housewife as well, I must be a hoax? BS! Well, guess what... I'm a housewife, a mom, and I TRADE! OMG! ludicrous, right??!!!!
Obviously, this male dominated forum is not the right place for me!! I joined to learn more from others, and share my success... I assume that is what this is all about! Do I pitch the product I purchased? damn right. I bought it, it works, I'm happy and it makes me money! Who wouldn't?!?!?!
Guess I will go back to observing, learning, and NOT sharing!

I was not going to insult anybody, but as a trader I have learned to think in terms of probability. Let us have a look at some facts:

(1) Your first post ever in this forum is related to ProEquityTrader. So far you have not shared anything, but you came to this forum to defend your position. If I was a trading houseman, I would never come to BigMike's forum to defend ProEquityTrader with my first post, even if I was a satisfied user of that product.

(2) On the ProEquityTrader website ther are the following links:

- What is a futures contract? -> shows that the website aims at inexperienced traders (target)
- Why Trade E-mini Futures? Answers: "Easier than stocks". -> any seasoned futures trader knows that this is false, and again this shows that the website aims at inexperienced traders.

(3) The website does not contain valuable information on the trading method. All serious websites that I know do not hide what they do, and have published information on the methods used. There are no charts or information whatsoever. The Target Trader Video is temporariliy unavailable.

(4) Earn up to $ 500 for referring a friend. Looks like a structured marketing vehicle. Would serious websites like TTM, emini-watch, NEXGEN do this?

(5) Some further posts from TraderBee:

1st ever post on Trade2Win (May 14):

My Experience w/David Marsh and eminitradingstrategies.com
Many of my families members purchased Dave Marsh's auto trader for the emini and we were not impressed. We lost quite a substantial amount of money. We have found another product since then and it is AMAZING! It is great and they even gave us a 7 free day preview to see how it works before we purchased. www.proequitytrader.com
It is HANDS DOWN the best I have seen/traded! So easy!

2nd post (June 19)

Re: Some Advice please
If you are looking for something super easy to understand and incredibly accurate, check out www.ProEquityTrader.com
You can go to their website and join their Trading room free for a week and even try out their indicators before you buy... they don't really advertise that, but they let me, so mention it.
I'm just a housewife who trades for daily income, yet I I have not had a losing trade for weeks! The accuracy is great!

Good luck!

3rd post (June 19, same thread, after the 2nd post provoked a negative reaction)

Re: Some Advice please
Well I bought it and trade it everyday and it works... so there must be substance. You've obviously looked in the wrong places and had bad experiences. I'm not going to pretend to know a lot about the industry, but I know how much my account increases each week and those numbers are real!
Best of Luck!

4th post (July17)

Trailing stop advice????
Hi Everyone!

I am trading off indicators from Pro Equity Trader and I am wondering if anyone else uses a trailing stop on their system? The TF seems to move very quick so I have it set to move every 3 ticks behind the current price. Sometimes It'll come back and stop me at 3 ticks profit, other times I'll fill 10+ ticks profit. Should I give it more room with my stop? Should I be happy with 3-10 ticks each trade? Any recommendations would be much appreciated.
Thanks and happy trading!

5th post (July 17, same thread)

Re: Trailing stop advice????
Thanks for the feedback!!

Shadowninja- Yes, I am scalping ticks on the TF. I have a 9-10 winning ratio, but I get more 3 tick wins than 10+ tick wins. I wonder if I should make the gap larger so I don't get stopped out so quickly at only 3 ticks profit?

William- Yeah, maybe I should be happy with just taking 3 or 5 ticks every trade? That is how I was mentored, but I was fascinated with the trailing stop and thought I would experiment a bit.

Thanks a bunch!! I really appreciate the feedback!

Looks, like a promotional tour. The threat of NOT SHARING above is not really threatening, LOL.

(6) Domain was registered in Octobre 2009. Domain had been previously deleted for spam and abuse. The product has been recently launched. There is no known history for the product. It has never been mentioned on EliteTrader or T2W (with exception of the promotional tour of TraderBee). Unlike other well known professional websites, next to no information is given on the trading methods.


If you google the name of the Executive Head Mentor you will also find this:

Proven Online Marketing Ideas

About The Author, Timothy Mcgaffin

About the author: Subscribe to the authors' online marketing newsletter wealthy marketer where he will reveal the two biggest secrets to earning $10,000 or a month within 30 days. Also see: wealthy marketer to receive two valuable gifts the author uses daily in his online marketing.

I do not know however, whether the 2 Timothy McGaffins are the same person or whether this is mere conincidence, caution please!

As a trader I am thinking in probabilities, and with the information available to me, there is something like a 99% probability that this product is worthless, as all the alarm bells that can ring are ringing loudly.

Nevertheless, 99% is no certainty, so if somebody proves me wrong, please come in and lay out your arguments. As a trader I am willing to change my mind, if there is any new evidence. I am waiting.

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  #29 (permalink)
 Zoethecus 
United States of America
 
Experience: Advanced
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Posts: 1,149 since Aug 2009

FT, that is some investigative job! Perhaps you missed your calling as a forensic crime detective.

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  #30 (permalink)
 Fat Tails 
Berlin, Europe
 
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Zoethecus View Post
FT, that is some investigative job! Perhaps you missed your calling as a forensic crime detective.

I just wanted to show that you can evaluate a service before paying a couple of thousand $$. I am certainly not going to do this for every website, which is mentioned on this forum. I just wanedt to show that you can judge most of the offers by information available to everyone, and TraderBee just contributed to my motivation with her post.

Maybe I will start a thread on websites that are recommended. But for sure some vendors will then try to hijack the thread and use it, as it is an open invitation to do so.

Preliminary work would be required to establish a set of fixed rules that a website should match to be admitted to that thread.

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  #31 (permalink)
 Zoethecus 
United States of America
 
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Posts: 1,149 since Aug 2009

What would you think the probabilites are that TraderBee is Timothy McGaffins spouse?

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  #32 (permalink)
 Fat Tails 
Berlin, Europe
 
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Zoethecus View Post
What would you think the probabilites are that TraderBee is Timothy McGaffins spouse?

You are a bit mean.

By the way, did you notice that TraderBee and you have something in common?

Location: USA

If a new member only concentrates on promoting a single vendor's website and shows location USA, this makes the post even less convincing, as there would usually be no reason to hide your location, if you are just a normal member.

Are you planning to promote something ? Just kidding.

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  #33 (permalink)
 Zoethecus 
United States of America
 
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Fat Tails View Post
You are a bit mean.

By the way, did you notice that TraderBee and you have something in common?

Location: USA

If a new member only concentrates on promoting a single vendor's website and shows location USA, this makes the post even less convincing, as there would usually be no reason to hide your location, if you are just a normal member.

Are you planning to promote something ? Just kidding.

I'm really from Shangri-La.

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  #34 (permalink)
TraderBee
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I am happy to post my results. I am on vacation until 8/30 then I will gladly take screen shots of my account performance.

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  #35 (permalink)
 Zoethecus 
United States of America
 
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TraderBee View Post
I am happy to post my results. I am on vacation until 8/30 then I will gladly take screen shots of my account performance.

That's a fine gesture, but we're looking for copies of your broker statements, not screenshots from your platform.

Again, please erase any private information from those statements.

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  #36 (permalink)
 Fat Tails 
Berlin, Europe
 
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TraderBee View Post
I am happy to post my results. I am on vacation until 8/30 then I will gladly take screen shots of my account performance.

I am happy to discuss the method and its merits.

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  #37 (permalink)
 Peter2150 
Washington DC
 
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Zoethecus View Post
That's a fine gesture, but we're looking for copies of your broker statements, not screenshots from your platform.

Again, please erase any private information from those statements.

Hi Zoe

Unfortunately, I wouldn't even take those as proof, after what I read by Larry Williams years ago.
He was showing how scam artists work, and one of the things he showed was how they will open two accounts. Then trade them both doing the opposite trades in the different accounts. So net cost to them is commissions, plus maybe a bit of slippage. Then they simply show the best performing one.

In the final analysis one has to make the determination for themselves. If one is smart they can do it relatively cheaply. I've been looking at this "system", with "snake" eyes. There are some positives, as well as negatives.

I will make a more detailed post in the near future.

Pete

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  #38 (permalink)
 sysot1t 
 
 
Posts: 1,176 since Nov 2009


Peter2150 View Post
Hi Zoe

Unfortunately, I wouldn't even take those as proof, after what I read by Larry Williams years ago.
He was showing how scam artists work, and one of the things he showed was how they will open two accounts. Then trade them both doing the opposite trades in the different accounts. So net cost to them is commissions, plus maybe a bit of slippage. Then they simply show the best performing one.

In the final analysis one has to make the determination for themselves. If one is smart they can do it relatively cheaply. I've been looking at this "system", with "snake" eyes. There are some positives, as well as negatives.

I will make a more detailed post in the near future.

Pete

why go through all that trouble when there is the magic of photoshop and very high resolutions screens to manipulate any image of my choosing?

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