TradingRaw review (www.tradingraw.com)
|September 3rd, 2011, 10:13 AM||#1 (permalink)|
Futures Experience: Intermediate
Favorite Futures: es,nq
Posts: 16 since Nov 2010
Thanks: 34 given, 12 received
TradingRaw review (www.tradingraw.com)
Hi, i listed my review last week on another forum, thought i would also share it here, I feel fortunate to have found a mentor like Bano.And for an update, after the first week, down 400, Feeling hesitation to put on some trades.
Hi, i would like to give my brief review so far of tradingraw.com
His youtube channel is banotradingraw
I never write reviews, mostly but not always, the sites are pretty much worthless.
I first read some thread on elite about this guys youtube videos, showing he is constantly making 1000-2000 grand a day. Of course then you get all the people commenting "amazing"," he's full of s***" etc.. Came over here, read a review that was posted here, and got my interest peaked. I really didn't know what was going on in the vids, there is no sound, just video of some guy trading, usually only for an hour or two.
First let me tell you what i look for when looking for a service. The most important thing for me is honesty, doesnt matter if he's hardly making anything, almost all vendors fail this simple step.Either they post late fails, they say they trade 1 or 2 contracts (ya, whatever, like some guys claim they make so much, yet trade so little, give me a break), or the service is so expensive, i'll never find out. Bano (the trader of tradingraw is very honest,you'll see why later). The second thing i look for is how could this guy be conning me, now on the youtube vids, he's always making, but he doesnt post everyday, thought AHA! must take big losses and not post, so i emailed him about that and he let me see the vids he didn't post, and it was pretty much the same thing.Now maybe i'll never be a good trader, i don't know, but i want to learn from someone that is profitable, and that i know is transparent with everything he does, Bano is both of those things i found out.
So i joined up,he only trades stocks, and stocks that are in the news that haven't really moved much yet from the close before. He does this through mainly tape reading, watching the bid/ask and prints, getting in small, if its positive action, increasing, negative decreasing, basically. He has around 20 videos on site, that was pre recorded with voice overs, in slow motion, explaining how to read the tape, which i never considered before, the thing is, its extremely simple but very hard in practice because of the speed. A couple features that i though were awesome, and what basically makes the site is the forum, which will allow you post your own vids, and Bano will watch to correct your mistakes, now this is like 1 on 1 training which is extremely expensive anywhere, from people you don't even know if their profitable or not.
So the day goes like this,,He collects news items from Stocks, so in the morning, he gets rid of all the thinly traded, gappers, etc., usually your left with maybe 5-8 stocks that are worth looking at. So you join his skype channel,he tells you what stocks are in play based on his parameters, gives recommendations on which one might be better based on his previous experiences with that stock.As the market opens, he will generally say when hes in or looking at something. (He doesn't say buy this now, sell that now, he doesnt post everytime he enters or exits)During the day its up to you, there is no one spoon feeding you.I was kinda pissed off at first, that i didn't see his screen while trading, or he didnt say when to buy or sell,but what makes tradingraw unique, is he posts his video of his trading that day, and then i can compare myself to him, when he was exactly buying,selling. Since i was looking at the same things and its fresh in my mind, it helps me grow as a trader
I joined about 1.5 months ago, and have been sim trading for the last month, based on a 25k account (usually using around 30k buying power , so not that risky) i made 3k, but more then that, the volatility i experienced was low about 500 downswing since im only buying 100 shares at a time, ya ya i know its sim. I will start trading live on Monday. The real seal of approval for me, will come in aprrox 1 month from now, when its time to renew, if i don't, well then i will come back and explain why.
I think this is the longest post i have ever written on a board
Do your own research, don't believe me or anyone else,good luck