Uncle Mikes - futures io
futures io futures trading



Uncle Mikes


Discussion in Trading Reviews and Vendors

Updated by researcher247
      Top Posters
    1. looks_one bobbyacim with 9 posts (8 thanks)
    2. looks_two traderwerks with 2 posts (0 thanks)
    3. looks_3 itrade2win with 2 posts (1 thanks)
    4. looks_4 researcher247 with 2 posts (1 thanks)
      Best Posters
    1. looks_one Maggoo with 1.0 thanks per post
    2. looks_two cory with 1.0 thanks per post
    3. looks_3 bobbyacim with 0.9 thanks per post
    4. looks_4 Michael.H with 0.5 thanks per post
    1. trending_up 7,552 views
    2. thumb_up 14 thanks given
    3. group 8 followers
    1. forum 23 replies
    2. attach_file 1 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 100,000 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)

 
Search this Thread
 

Uncle Mikes

(login for full post details)
  #1 (permalink)
new york
 
Experience: Intermediate
Platform: ninjatrader
Broker: mb trading
Trading: 6e
 
bobbyacim's Avatar
 
Posts: 184 since Feb 2010

Uncle Mikes trading room:

Anyone have any experience with this trading room.

Says he trades live, everyday!

Visit my Facebook Reply With Quote

 
 
(login for full post details)
  #3 (permalink)
CA
 
Experience: Master
Platform: Marketdelta and Ninja
Broker: Velocity
Trading: NQ
 
Posts: 670 since Apr 2010
Thanks: 64 given, 526 received


Well, if he says so, then it must be true....

Reply With Quote
The following user says Thank You to Michael.H for this post:
 
(login for full post details)
  #4 (permalink)
Brooklyn, NY
 
Experience: Beginner
Platform: NinjaTrader
Broker: Mirus/IB/FinFx
Trading: ES, Forex
 
babypowder's Avatar
 
Posts: 182 since Apr 2010
Thanks: 202 given, 199 received

Easy Zoe...I mean Micheal lol. Bobby at a quick look at uncle mike trading room and his use of indicators, you will be better off looking at and learning perry's method for free here at BIG MIKE'S. If your new I can reccommend you learning price action and market profile because eventually the better you get at trading the less stuff you will notice you don't really need have in your charts. Uncle Mike had so much indicators green and red it looked like Christmas.

Babypowder

Reply With Quote
 
(login for full post details)
  #5 (permalink)
new york
 
Experience: Intermediate
Platform: ninjatrader
Broker: mb trading
Trading: 6e
 
bobbyacim's Avatar
 
Posts: 184 since Feb 2010

Hi everyone,

Participated in first week of Uncle Mike's trading-room and here is my observation;

VERY, VERY IMPRESSIVE!

The man traded over $1,100 for the week with only 3 contracts and used nothing that was esoteric.
Simple indicators, multiple screens, tight Stoploss. Along the way, YES he had a few losers, a percentage number of break-evens, which I believe was a pivotal reason he was able to recover quickly (he excercised GOOD trade management) and some winners that he peeled out of in stages for some nice 1-2 point targets.

He explained his trades nicely and was very open to Questions from his subscribers.

I will keep you posted on next weeks session.

Visit my Facebook Reply With Quote
 
(login for full post details)
  #6 (permalink)
new york
 
Experience: Intermediate
Platform: ninjatrader
Broker: mb trading
Trading: 6e
 
bobbyacim's Avatar
 
Posts: 184 since Feb 2010

Hi everybody,

Short week so Uncle Mike took a lot less trades and was much more careful on the trades he did take. Several losers, and a number of break-evens kept the losses manageable, as a result a few winners basically resulted in a break-even or slightly profitable week.

Never the less, still impressive trading with only 3 contracts. His trading approach is really impressing upon me the real secret to ending a session profitable; not losing too much money when your edge is gone; cutting a losing trade right away and not allowing hope, or wishful thinking to keep you in a trade that ultimately hits your "hard" stopploss, causing you to lose a lot more money, therefore making it that much more difficult to RECOVER quicker when your edge is back.


Thanks...

Visit my Facebook Reply With Quote
 
(login for full post details)
  #7 (permalink)
Washington, DC
 
Experience: Intermediate
Platform: Ninja and TOS
Broker: Ninja
Trading: CL, ES
 
Posts: 92 since Dec 2009
Thanks: 109 given, 58 received

Bobbyacim,
Are you still in the Uncle Mike room? Are his website results credible?

Reply With Quote
 
(login for full post details)
  #8 (permalink)
new york
 
Experience: Intermediate
Platform: ninjatrader
Broker: mb trading
Trading: 6e
 
bobbyacim's Avatar
 
Posts: 184 since Feb 2010

Hi everyone,
some bad news, after watching for a while longer, Uncle mike gave back most of his winnings for the past week.
What i noted that disturbed me was that he trading on a sim for ninjatrader and when I called him out on it, he then flashed his REAL account from another computer. I suspect that he may not be taking all the trades he calls out.

As with all the other trading rooms, a burst of winning trades, followed by a slew of losers....adding up to no better than 50/50 win-loss... as good as tossing of a coin!!

After spending 6 long years at this and thousands of dollars, I am going to give up, I can not consistantly be profitable nor can I find anyone else that can be either and show a brokers statement as proof!!!!!

Trading is just educated GAMBLING......

Visit my Facebook Reply With Quote
 
(login for full post details)
  #9 (permalink)
New York
 
Experience: Intermediate
Platform: Sierra Charts, TOS
Trading: E-mini S&P 500
 
Posts: 753 since Aug 2010
Thanks: 447 given, 436 received


bobbyacim View Post
Hi everyone,
some bad news, after watching for a while longer, Uncle mike gave back most of his winnings for the past week.
What i noted that disturbed me was that he trading on a sim for ninjatrader and when I called him out on it, he then flashed his REAL account from another computer. I suspect that he may not be taking all the trades he calls out.

As with all the other trading rooms, a burst of winning trades, followed by a slew of losers....adding up to no better than 50/50 win-loss... as good as tossing of a coin!!

After spending 6 long years at this and thousands of dollars, I am going to give up, I can not consistantly be profitable nor can I find anyone else that can be either and show a brokers statement as proof!!!!!

Trading is just educated GAMBLING......

I guess I'm a little confused here. You said that you called him out on trading SIM and then he flashed his real account from another PC? How can you tell that and was the real account profitable?

If you're saying that you have only seen traders with a 50% winning percentage, as long as their winners are bigger than their losers they should be profitable.

After 6 years, you should have learned enough to develop your own winning methodology instead of trying to find the Holy Grail from guru's who can't trade and that is why they are selling their systems and education programs.

I'm not trying to bash you or demean your efforts, its just I wouldn't give myself that long. There should be alot of questions as to why you can't find yourself producing consistent profits after 6 years. Honestly, you need to look within yourself rather than saying trading is educated gambling. Psychology plays a major role in trading and some people just can't make it.

Sorry to hear your bad fortune. Good luck!

Reply With Quote
 
(login for full post details)
  #10 (permalink)
new york
 
Experience: Intermediate
Platform: ninjatrader
Broker: mb trading
Trading: 6e
 
bobbyacim's Avatar
 
Posts: 184 since Feb 2010


FROM ALL I HAVE READ OVER THE YEARS ON HUNDREDS OF TRADING FORUMS, THERE ARE MANY PEOPLE LIKE MYSELF (INCLUDING THIS FORUM) THAT HAVE BEEN TRYING TO SUCCEED AT TRADING FOR ALOT MORE THAN 6 YEARS, PLEASE DO YOUR OWN RESEARCH TO VERIFY THIS.

BASED ON YOUR STATEMENTS, IT SOUNDS LIKE YOU ARE PROFITABLE? AND IF SO, I HUMBLY ASK THAT YOU SHOW A SAMPLE OF YOUR BROKER STATEMENT SO THAT MYSELF AND PERHAPS OTHER LOSERS CAN GET A BURST OF RENEWED HOPE THAT PROFITABLE TRADING IS INDEED ACHIEVABLE!

TAHNK YOU AND I EAGERLY AWAIT YOUR PROOF

Visit my Facebook Reply With Quote


futures io Trading Community Trading Reviews and Vendors > Uncle Mikes


April 10, 2012


Upcoming Webinars and Events
 

Introducing Edge Pools: Prop Pricing Model w/Edge Clear

Jul 9
 

Every journal equals ten meals for the hungry

Now
     



Copyright © 2020 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