I just sat through a 70 minute demo from EOTPRO, i now know why 95% of people lose money.
I'm furious, these guys are claiming to be selling Neural Networks and saying 'its on a server at the CME', its not a NN at all its just a large tick pile of data, and who cares if its low latency when your your trading a 3 lot.
Jesus H i'm so angry, yet all the other folks are just lapping it up, "how do we buy this piece of C**p and give away more money".
Im sorry to rant but these new traders are being suckered in.
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Back in the day, EOT was a decent place for a beginner to learn about futures and indicators without getting roped into alot of hype on buzzwords like NN. Perhaps that had an impact on Richard's decision to move on and do his own thing.
h4acked,
Are you making money with futures? If so, pray do, enlighten us. I have traded for years with little more then marginal success. I have never had a loosing week since I started trading with EOTPRO. Three contracts is enough for me with a small account, 20,000. I am a elite member of Big Mikes and here to learn and share what little I can. Please share with us some of your masters knowledge and winning techniques not just your vitriol. TY
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"never had a losing week" I think that wil raise the eyebrows of most folks.
I feel most of these new breed of 'partners' on NT seem to be very good at selling and poor at substance. I have ensured I have attended a lot of them and from my personal experience the level of the audience is low and the sales skills of the speaker seem high. There are not many market facts going on but a lot about signing up for a monthly fee.
I do something most traders don't I invest heavily in the tools I use each day, most people will not pay $3000 for Bloomberg/Reuters or CQG I think these investments are key to making solid informed choices and sustained profits. This really is an industry where good tools make a difference. I know CQG route my orders the fastest to the exchanges, I know during rapid times I will be filled first. The true trade information from this is invaluable.
I run 3 separate funds all VHF systems average position holding time 244 seconds, average volume per day 4000-4500 contracts. We look for very small low risk high sharpe ratio moves. Nothing based on technical analysis just simple weight of money changes. We trade very restricted times (during the open outcry sessions only).
I also operate a small options fund that trade trend less markets, CQG enables me to manage all of this from a central point.
I may of been overaly harsh about EOTPRO but I struggled to see how it was a neural net, and it lacked substance in the webinar maybe you could correct my error?
Adam
You have to enjoy it.
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