The solution you're looking for isn't in a trading room, indicator, trading system, book, seminar, or webinar. There are no shortcuts to trading. It's hard work... really hard work. It takes a retarded level of determination, perseverance, and capital that most people don't have.
Unfortunately, most people don't want to hear that it may take them years of losing and struggling before they see even a glimmer of profit. The majority of these trading rooms and salesmen feed off that desperate desire to find a faster way. If there was a shortcut, don't you think everyone would be doing it?
Nothing in life is to be feared, it is only to be understood. Now is the time that we understand more, so that we may fear less. - Marie Curie
The following 4 users say Thank You to fminus for this post:
You're very welcome. Glad I could help. Sorry to hear you lost some money in all this.
Keep your head up, there IS money to be made the market. In my opinion it is easier without the smoke and mirrors of trading rooms. To leave them altogether and instead read these forums extensively, and test/apply what you learn on your own. I think that's way more rewarding than trading rooms.
As BigMike always says, the Holy Grail to trading is within you!
Analyzing charts and calling out area's isn't very difficult after spending many day's, months, years in front of your screens.
I believe most people could get a good idea of where the markets are going just by using basic support and resistance lines and plenty of time spent studying charts.
But, the very very difficult bit is profiting from the area's that you 'Think' the market might react to.
Most times my area's get hit and I could give you area's where the CL, 6E get hit all day long but that wont make me money unless I have a solid plan, money management and a sound mind for trading.
I know great analysts that cant make money and great traders that are not fantastic analysts but know how to make money.
Hope this helps and good luck.
The following user says Thank You to Fxfutures1976 for this post:
@JJ, do yourself a favor and stop posting about the vendor. We all know BM's MO and this is the precursor to him looking for any reason to associate you directly with the vendor to ban you (you may not care, but that's another story). There is a recurring pattern here at BM. Had you not been here 3 years, you'd more than likely be banned already.
The risk in this style of MM lies in the initial stop. Is it larger (and how much so) than the first PT that peels of 2/3 of the position and then the last held contract is moved to a free trade? Mathematically speaking, all in, all out is a more profitable systems than getting "risk free" after closing 2/3 of your position. How often does that runner materialize; probably not enough and what you discover is lots of scratched trades, some big upside down losers, and lots of commissions.
I'm taking a free trial in a room now where the moderator risks 8 ES ticks to make 3 on 2/3 position and then moves his STP to BE (not entry). When it works out, the "risk free" trades feels good, but when the first trade or two is a loser, you're going to be underwater for the rest of the day. It's a negative expectancy MM style that requires a win rate of 75%+ to make any sense.
Last edited by GuyMM; August 17th, 2015 at 09:50 PM.
This is a blatant Lie from Jerry, when you are in the trials Simon will say earn as you learn but when you sign up as a member he will say 'don't trade a live account until you can Trade of your own back.
i've attended some trial version:
I didn't have difficult to follow their entry ,i've to admit a lot of call were made in advance
yes the chat is noisy and the voices of the three traders frequently overlap , you have to be concentrate.
i heard them speaking about homemade-levels , blue thick lines on charts , it's something similar if not equal i've heard by NOFT (google it) but so far i'm not able to fully understand it.
it seems that they are searching of LVN among different time frame that are at the same levels.
i don't understand if these levels are taken from VP with a fixed length or from variable length , the latter it's too subjective ,it rely on own analysis ,can vary depending on the length of timeframe and quality of data etc.
i think can't be teach.
imho ,price subscription for 1 year it's too high .