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Need a true Teacher Mentor


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Need a true Teacher Mentor

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  #131 (permalink)
Houston
 
 
Posts: 125 since Dec 2016
Thanks: 53 given, 54 received


itrader46 View Post
You can see a lot of live trades on their YouTube channel. The guys are the real deal and they are not mainly a training outfit, but a prop trading one.

itrader46,


So, the answer is no. They do not have 3rd party audit historical trading records, correct?

How do you know they are the "real deal"? What does the "real deal" mean?

Also, anyone can hand pick a few live trades to show you.

You need about 6 months and 200 trades of real trading to see consistency.

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  #132 (permalink)
Legendary Market Wizard
Georgia, US
 
Experience: None
Platform: SC
Broker: AMP+CQG
Trading: ES, HSI, Nikkei
 
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goodoboy View Post
itrader46,

How do you know they are the real deal? Many many many say they are real deal.

The big traders there swing 300-1000 lots, and you can see it in the book.

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  #133 (permalink)
Houston
 
 
Posts: 125 since Dec 2016
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josh View Post
The big traders there swing 300-1000 lots, and you can see it in the book.

josh,

Can you see +100 of their trades live?

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  #134 (permalink)
Manchester, UK
 
Experience: Beginner
Platform: Ninja Trader
Trading: Emini, Currency Futures
 
Posts: 28 since Sep 2017
Thanks: 11 given, 19 received

Look on YT and you will see. I decided to take the course after watching many hours on their channel and i decided for myself they are good, coz they sound like they know what they are talking about. And btw, the 'audited trading records', as far as I know, it's a myth. Nobody gives you that and even if they did, you'd be like 'Well... I can print that myself...'. They give you enough free material to make your own mind up to decide if you wanted to take the course, or stick with the free stuff.

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  #135 (permalink)
Legendary Market Wizard
Georgia, US
 
Experience: None
Platform: SC
Broker: AMP+CQG
Trading: ES, HSI, Nikkei
 
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Posts: 5,428 since Jan 2011
Thanks: 6,005 given, 14,209 received


goodoboy View Post
josh,

Can you see +100 of their trades live?

Not +100 trades -- I can see on the videos (that were recorded at the time, so no, not live), the orders in the book, as they are placed, because often they're 100 lots or more. No doubt you are aware how this works, and that it can't be faked. There are plenty of shysters out there, and they can easily fool people who don't know better (trading sim, trading live but recording two offsetting hedged accounts, the list goes on). This is not the case here.

The last time I cared if anyone was "legit" in a trading video was about 10 years ago when I was new to futures. I was mesmerized by a video of a "profitable" trader. But I don't watch videos of people trading now because I am a trader, and it's a waste of time. Except for the above, because he/they actually know how to execute, and it's informational.

Whether something being sold is useful depends in part on the information, and in part on the purchaser. If the purchaser is like 90% of traders looking for a way around their own laziness, then nothing will work for them, period. If a recipient is more like a rock than a sponge, they won't soak up much.

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  #136 (permalink)
Pahrump, NV
 
Experience: Intermediate
Platform: Sierra Chart
Broker: Infinity Futures
Trading: ES, NQ, CL
 
Posts: 37 since Aug 2016
Thanks: 3 given, 25 received


goodoboy View Post
Hello Ty199,

Try one of the price action course here on the forums.

There is no getting around it, you will have to pay for trading course until you find something you are comfortable with.

Trying to learn on your own is non sense to me when you can go buy a trading course or hire a mentor to teach you.

Not true. Lots of stuff on YouTube.

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  #137 (permalink)
Legendary Market Wizard
Georgia, US
 
Experience: None
Platform: SC
Broker: AMP+CQG
Trading: ES, HSI, Nikkei
 
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Posts: 5,428 since Jan 2011
Thanks: 6,005 given, 14,209 received


itrader46 View Post
'audited trading records'


Of course, this is very simple to fake, which is why it's useless, and why only grail chasers care about it. Trade two accounts, hedged against each other, audit them both. On the daily statement, blur out the account number, and post the one for the day that is profitable. It's not rocket science is it? But most traders are so gullible because they're locked into a grail search that they will fall for this. They'd rather chase rainbows than work on their methodology and themselves. Nothing wrong with getting inspiration from successful people, but always seeking proof because you want to believe that someone has the silver bullet is a dead end.

Formulate a model for how the market works, and how to find some edge in your model. For example, identify when a market is trending, buy/sell pullbacks. When it's ranging, buy/sell the edges. Define risk. Execute. It really can be this simple. I'm not advocating quite such a "dumb" strategy, but it's better than what most people come up with, and it's better than any indicator you will pay big money for, because the secret indicator and secret training strokes your laziness muscle, and helps you feel entitled to make money because you spent money, instead of the reality which is that the key to success is mostly between your ears.

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  #138 (permalink)
Houston
 
 
Posts: 125 since Dec 2016
Thanks: 53 given, 54 received


josh View Post
Not +100 trades -- I can see on the videos (that were recorded at the time, so no, not live), the orders in the book, as they are placed, because often they're 100 lots or more. No doubt you are aware how this works, and that it can't be faked. There are plenty of shysters out there, and they can easily fool people who don't know better (trading sim, trading live but recording two offsetting hedged accounts, the list goes on). This is not the case here.

The last time I cared if anyone was "legit" in a trading video was about 10 years ago when I was new to futures. I was mesmerized by a video of a "profitable" trader. But I don't watch videos of people trading now because I am a trader, and it's a waste of time. Except for the above, because he/they actually know how to execute, and it's informational.

Whether something being sold is useful depends in part on the information, and in part on the purchaser. If the purchaser is like 90% of traders looking for a way around their own laziness, then nothing will work for them, period. If a recipient is more like a rock than a sponge, they won't soak up much.

Thank you for the response josh.

You make a a good point, I appreciate it.

I kinda of agree with you. I day trade on 3 minute charts for about 2 years now. I can say this, I pretty much know if trading trainer is faking or not.

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  #139 (permalink)
Dallas, TX USA
 
 
Posts: 23 since Jun 2018
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https://www.youtube.com/watch?v=EkRw6NC0Jew&feature=youtu.be


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