I decided to go ahead and sign up for a month trial in The Intentional Trader's trading room, and (after that time elapsed) have now signed-up for a second month there.
I've tried several trading rooms with varying approaches over the past few years, but I've not found one better than this. Tony's indicators are unique in displaying the confluence of indicator-signals he looks for right on the price chart, and he is very disciplined about - and teaches - "waiting for the bus," as he puts it. He doesn't trade market opens or news.
Sometimes a potential set up will present itself, but he explains why he's NOT interested in taking the particular trade.
In my month in the room so far, I've observed that he's very willing to spend extra time and effort with individual participants, making himself available evenings on Skype for example, and as for his trade log, he only posts the trades that he calls in advance. I have found this to be consistently true, but occasionally price will move too quick to announce beforehand, and he doesn't post those trades. That doesn't happen very often, though, usually he'll tell you what he's watching and why.
So, that's been my experience in IT's trading room so far. I had been following his trade log for a while beforehand, and I'm glad I finally decided to check his room out.
The following 3 users say Thank You to DBraun126 for this post:
I was just on his website and it sickens me to have to pay for a "trial." If it aint free it aint a trial!!!Especially in a chatroom that costs nothing to add in more people. Big red flag. What Im going to do is write to him and tell him how I feel and if he will give me even one or 2 days, I will rescind what I just said here. And after reading all the posts on this thread, I still dont know what any of what anyone wrote has to do with "the price of eggs" if you get my drift. Most useless vague thread I have encountered on Mikes . Sorry Mike, yuh cant bat 100% all the time. =)
I can't comment the quality of the room or the vendor, my comment is only the trial.
What I see myself (I also offer free trial for my VPS business), it has a cost to offer a trial, it's not only an additional slot in the room. The vendor has to communicate with the guest, and follow him, so it takes some time.
I don't know for trial in a trading room, but in my case maybe 30% of the guys trying the service offered do not answer to email (when I'm asking if they want to continue as regular customers), not a single "no thanks", so it can be hard to show some respect to people who do not respect the time spent, for free.
So I can understand the "not free trial" idea (and may use it one day myself).
Usually in trading, those who know don't talk, and those who talk don't know. (Al Brooks)
success requires no deodorant! (Sun Tzu)
The following 3 users say Thank You to sam028 for this post:
A webinar plus 3 days into their trading room , a special and equipped with due diligence that includes this forum I've decided to join Tony's merry band of traders.
The day trading setup is pretty neat. The confluence of standard indicators -RSI for oversold/overbought ,RSI for divergence, Floor pivots and EMA for support resistance and proprietary versions of Volume Analysis plus speed - all in the main chart (That's right-no sub charts!). Price action then triggers the trade!
Educational materials are excellent. It's like an immediate ROI on this alone.
For yumcha,It's the start of another journey following a long list of failed ones. Whether he has learned his lessons or not remains to be seen. But he is positive and hopeful that he'll finally find signs of his Holy Grail on this one. Who knows? This journey might be interesting enough worthy of a futures.io (formerly BMT) journal!
hmmmm.. two weeks paper trading this one....
The good news? The indicators work. They do the job better than my expectations!
The bad news? Hardly doing a Break Even. This old dog is struggling learning the tricks of the trade( as expected)!
Overtrading, bad timing, bad habits etc -just too many demons to exorcise!
But Yes! Yumcha is more positive now that his 'AHA! moment' will still come. Imagine, when that happens-!
Hang in there Yumcha. As a former student of Tony, I recommend you focus on taking only the most conservative trades while you are learning Tony's system. Also, practice with Market Replay. A lot! It really helps your timing with the FT type trades especially. I still use many of his techniques in my trading today.
The following user says Thank You to BeachTrader for this post:
An interesting 3rd week it was.
Slightly better than break even on paper trades plus trial rounds of actual hand to hand combat vs the DAX. Unexpected but sweet, is it possible or could it be that yumcha has finally ....Nah , too soon...