I asked .. he will give you the info for $5,000 if you sign a waiver saying you will never divulge the information. If you wanted to spend that kind of $$ you could be in his room for 16 months getting the info, plus indicators and strategies.
Just watching what he does and how he moves the lines around, clearly it is from support/resistance levels that are created near the end of the day which translate into the next day's levels. He also moves them around 10-10:30 (EST) based on new levels. Those levels are created by 1m open range and 30m open range. EXACTLY how, I'm not 100% sure. But his levels are bang on pretty much all the time.
The following user says Thank You to spideysteve for this post:
NOTE: this is only my 3rd trade room that I have ever been in, YMMV
Gives you indicator and strategies to try for FREE included with your trial (also included if you sign up for $299/mo of course)
He is not full of shit with his results (he sends results daily after his trading day) and shows losses and gains
He teaches and educates about s/r areas, algorithmic trading (thinking like a computer) and even some emotional/mental thoughts (trading psychology), sticking to the plan, don't worry about taking a loss because the next signal is coming, always thinking the market could go either way (ie, not having a trend bias)
He has specific trades at specific times which he does talk about every day
Does NOT try to constantly sell you anything - he says if you see value, you will buy it - and his trade day is not a constant promotion for his system
He shows his realized PnL on his charts (doesn't use a DOM) every day
He personally answers email every day and he will reply to all questions
Tells you to set a daily $ goal and QUIT trading once you have hit that goal (preaches discipline)
If he hits his $ goal for the day, he quits trading but will keep talking about the market until ~12:00 EST
If his indicator appears to be creating a set up, he will explain why he will or why he won't take the trade (eg, at area of S/R, so adding confluence to his trade)
We know what his indicator is (see other posts above)
If manual trading, you must be quick to enter because the signals can come fast and (like all indicators) sometimes late
I have seen him say "here's a win" but at best you would be at BE due to signal happening late
His strategies are not set up with stops (yes, you can manually enter trades and/or stops, and likely for someone with a bit of programming knowledge they can adjust the strategies)
He preaches short term trading - get in, get out, get paid, wait for the next signal and he is usually in and out within a few minutes - if that is not your style or it doesn't fit your emotional method of thinking, you will have a tough time with it
There are 4 buy strategies and 4 sell strategies - enabling strategies at the correct time takes some learning (yes, he gives you the info on when to enable which strategy, but it does take some study to get it correct)
He doesn't necessarily say "buy NQ at 4674" but he does say "buy signal likely coming so watch for it" and lets you decide which strategy makes sense to enable (NOTE: I originally had this point in CONs, but changed to here, as it is not necessarily a negative approach)
Generally speaking, VK is a good guy and a good trader. He has his personal daily goal of $550 and trades DAX, TF, NQ, GC, CL (only saw him trade CL once). I saw him down almost $2500 one day then fight back and ended the day down $11. He broke some of his own rules and said so in his end of day trading summary email.
Obviously I have listed many more PROs than CONs here. I do like his approach and have learned a fair bit from his style. He is definitely an honest person and treats everyone equally. He calls people out if he thinks they need it and will comment on mistakes people make, including decisions that people clearly made on emotion as opposed to thinking about market movement. He does this for himself as well, which is refreshing to see someone do.
The following 9 users say Thank You to spideysteve for this post:
The more i see and hear about VK from KongZana Trading the more impressed i get
Each day VK sends the the end of the summary and that is so much above and beyond what other trade rooms do and will ask for 5k but not VK.
Here is the results from yesterday in his Live room
Also a great plan to follow and remind us and want to share VK's process and thoughts here.
Did you get paid today or did you pay?
If you got paid today - it is because of those who broke their rules!
If you paid today - it is because you break the rules and you will continue to pay until you will decide to follow the rules.
To get paid tomorrow all we have to do is wait for those who break the rules and the stock market is filled with 98% of traders who break their rules so it should be another easy day for us.
I have a great and easy job because 98% of traders lose money in the stock market.
If 98% of traders would follow the rules - no one would be making any money and that would make my job much harder. I think I would want to be a lawyer then.
How could you measure your success today against your own rules?
Honestly, did you follow them, did you follow the TREND or were you looking to create an entry against the TREND?
Did you try to convince yourself that you are doing the right things or were you actually doing them?
Were you NEUTRAL today prepared to act bullish or bearish or were you leaning more toward one side?
Part of becoming successful is to keep your own behavior and emotions in check.
Rather you were successful today or not - the answer lies within you, nothing will change unless you change and the TREND continues to beat and outperform all those who wish to challenge it and it is great to know that this rule alone will never change, not for you, not for me, not for anyone!
Just this one simple rule broke the backs of millions of traders who came in to the market before you and it will continue to break the backs of millions of traders who will come to the market after you.
You will never claim victory unless you learn how to recognize the TREND and following it will become an instinct for you. Ignore all the noise around you, disconnect yourself from forming an opinion and become a part of the TREND and watch the profits flow!
With passing time you will eventually discover that if you would only follow that simple rule you could be very successful some 5k, 30k, 50k or 100k ago.
The following 2 users say Thank You to sharmas for this post:
this is a real deal. guy knows how to trade. it was my first day at his room. made few $ until he left the room and gave it all back to the market. should have heeded his advice to take a cold shower once daily profit target had been reached. tomorrow is another day... I mean monday
The following 4 users say Thank You to alizaidi for this post:
Was wondering if there are any updates from previous posters Sharmas and Steve regarding Kongzana? I'm in central time zone so 5 am is quite early to follow this method and was wondering if the trading day is finished? After watching are you able to enter the trades before they trigger? thanks in advance