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  #1 (permalink)
Experience: Intermediate
Platform: tradestation
Trading: es
Posts: 4 since Nov 2010
Thanks: 0 given, 0 received

has anyone heard of ABUSINESSWITHTRADING.COM, i've been watching the guy for a couple of days. so far been on a losing streak. he has a lot of videos on youtube but only seems to show winning trades.

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  #3 (permalink)
SF, Glendale
Posts: 6 since Jan 2011
Thanks: 1 given, 1 received

davidcohenphd View Post
Let me try to help you out since no one else did.

I don't know the vendor, so cannot comment on his business, but I know this and this applies not just to the vendor in question but all others as well:

1) two days of watching may not be enough to form a correct opinion about someone's trading abilities unless he has been awfully bad; say, no winners at all,
2) if the vendor does not have some kind of trading record (at least a few weeks of trades recorded in real time), then I would not bother with a trading room; that's because it's a sign that he is fishing for easily impressionable people that he is hoping to get lucky to convince he has something to offer,
3) never rely on the opinion of people who post on trading forums unless you know that they have done business with the vendor; too many people on trading forums have their own agendas, and unless you do know their agendas, you cannot be sure how valid or useful their opinion is.

Hope this helps. Ultimately, you are on your own, and the sooner you accept it, the better. Good luck.

Good advice, on all counts, especially the second and third points. The only vendor I have been able to find whom I trust and who is the real deal shows plenty of screenshots of his trading results on his site and he has been doing so for months. But he does not have a trading room, and frankly I don't need one. Not anymore, anyway.

I agree that you are really on your own in life. Some people may help you, though, but those are rare to find, particularly in this business. Still, I like exploring new things, so I keep looking.

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January 22, 2011

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