No, I am non of them.
I am a user of a an automated program that works really good.
but I am not selling it myself. I bought it myself.
But since I know that some forums might see it as advertising, I did'nt put it out here
but people may contact me in private or mail me about it
IF you are just getting started,or you are looking to learn,,someone has a FREE or almost free TRIAL out there,,, on almost all trading styles,,,and there is so much free stuff here.
Most of the really good ones don't charge that 4000 or 5 grand,,they just try to cover cost..
and if you learn nothing on free trial,they really are just after your money,,,
The good ones are Teachers and not salesmen,,,you can learn tons,, on their site also,and they are almost always teaching in their trading room,,not asking you for money
Moral of story,,,try lots of trials, they are FREE,,and if you just have to give away money,send it to me...JRS
One key issue you mentioned is that you do not yet have a specific methodology for your setups. I suggest you get this part solidified first before you venture into cash.
Start simple. Call setup # 1 Janice, setup #2 Billybob or something descriptive like BASIC TREND TRADE or COUNTER TRADE AT KEY LEVEL #1. Have profit opjectives defined for each setup, as well as capitol preservation minimums for each setup.
Once you go to cash, real loss will set in. REAL HARD CASH LOSSES will most likely build up in the beginning and you will most likely start with a drawdown. So, having some solid descriptive plan that includes your setups and market approach (methodology) is going to be crucial. You are going to have to rely on this plan to get you through. You do not want to be changing things, changing strategies, trade management, etc every few days or every other week.
So, get the plan outline done, include a descriptive outline of money management that goes with your setups, and some defined consistent method of approaching each trade, each trading day, each instrument; just about everything involving the activity of trading.
I would suggest that you have about 90% of all your decisions made before you trade cash. Then just sit and wait for the trade, trade it without any unknown decision making required. When you get a loss, take a deep breath and think about what you were thinking about, write it down, and trade again.
Define the reasons for the losses honestly. Pinpointing the reason for losses is crucial. This will help you discover just how good your "methodology" is and what needs to be fixed...if anything. Losses are part of the game, so expect them and know just how many constitutes par for your methods.
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I located an interesting trade room that trades the euro 6e and emini es. I think I found the website somewhere on this forum. I did not save the web site and am not able to locate it anymore. They had a 14-day free trial and then charge $95 per month. They show each days results on the performance link. The guy who runs the live trading room prefers the euro over the ES. If anyone knows the link to the web site please let me know.
The key to it being profitable for you is you. Does not matter what the moderator makes, or calls. What matters is how you handle your trading. If you can completely trust that moderator trader, then I suggest you approach him/her and have them trade your account for you, or ask if they have a automated system you can just run.
Otherwise the legitimate live trading room that will be the most consistently profitable for you is the one you run yourself.
I have an essay on this forum somewhere about trading rooms and how to make them profitable for you. It might help you discover that it is what you do in the room, not the room itself that makes the difference.
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