I know some of you are big on EOT or are even members there. I just want to take a second to introduce you to Traders International.
I have been a full time day traders since losing my job as a trade specialist at BNY mellon last april. I have been a member of TI since fall of last year and recently became an affiliate.
Now, I'm not going to sit here and tell you how much money I made and shoot a bunch of keyword marketing terms at you, I just want you guys to check it out real quick. their system is fantastic and you can get a live free trading seminar. sorry if this comes across as a cheap marketing ploy, but they really are great traders and the community is fantastic. Thanks guys
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A few words about "buying" others systems. Do they offer you value for money? What do you actually get for your $$$$ (4 dollar signs used deliberately)? Are there any recurrent costs i.e. monthly fees, subscriptions etc and what do you get for these costs? Do they use a specific broker and what are the quoted commissions? Do you have to use a defined trading DOM or charting package? Are there proprietary indicators and how are they distributed? How do they calculate their rate of return? Do they conveniently forget about commissions in their sales pitch? I'm sure there are lots of other questions that should be asked. Then again some people will be happy to spend the money and I'm OK with that too.
Seems to me there are lots of "systems" available for purchase and the web sites generally have pictures of big yachts moored near tropical islands... (sigh)...
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geez wow ! i read that thread and feel pretty bad for that guy. I wouldn't go as far as to say they are scam artists. I had a different experience but then again I don't trade their indicators only.
As for the signal room, the moderator Dale does more than just give calls, he helps you build a trading plan and definitely grills you when you don't stick to it. All room members are required to keep track of their trades and email him weekly results.
Also, They do run the trading dome live in the room. The trail is free so you can give it a shot if you want. Trading is definitely not cut and dry so to think that you will get exact entry and exits that work consistently in any room is a little naive. The moderators have 1,000's of hours of screen time and that's worth some dollars right there imo
I just wanted to share them because its something I use when I trade and I found it helpful. There is a free 90 minute live session so if you want to check it out it doesn't cost you a dime. Thanks for reading
I have been a TI member for about a year now and this has been the biggest regret. IMHO a lot of what is quoted in the link is correct. It cost a fortune to join. On top of this there is a monthly room fee. The main issues I have with TI are as follows:
1. Their indicators (MACD & DS) do not work - and do not work as promised
2. They teach you to read the market using the MACD & DS and then Dale trades off his own system! What is the point of paying the huge dollars when the pro trader trades off another system and signal set!
3. TI Promise big things, but do not deliver. They blame you (the trader) for making a loss!
4. They promise, advertise and market that you can make $500 -$1000 per day. Their pro room trader does not achieve this, nor has he over the past year!
5. They continue to trade divergent signals into very strong trends going the other way and continually lose.
6. They trade in SIM only. This is not putting their money where their mouth is. Sim is not the same as live.
7. They move stops away from their opening position and increase their losses
I can go on all day here............
I traded in the pro room and took all of Dale’s trades with live funds. After 2 months I quit TI as I had huge losses. The results reported on the website were quite different from the reality!
I would never recommend TI as IMO this system does not work. A new trader would be better off donating their funds to this forum, as they will receive far better indicators (Sharky's indicators, Big Mikes, Wizards etc). At least a new trader will have a better chance of surviving the markets with decent indicators.
There are many other trading organisations or groups which I would join before TI.
Ever since I have turned TI off, I have been consistently in profit. Surely this is proof enough that TI is "not what it's made out to be".
If you were a true TI member and affiliate, why would you trade using Wizards Holy grail system? Is it perhaps because the Holy Grail delivers a profit and TI doesn't?
Anyway, I'm really not having a go at you. I just do not believe that TI will solve anybody trading issues. If a person buys a good book and joins a forum like this, they will be $ 10k ahead.
Last edited by cunparis; October 29th, 2009 at 02:33 AM.
The following 4 users say Thank You to Alan for this post:
What can I say Alan, Tuesday i took a call from the room and it was my only losing trade +4 -6 -6 for net of -8 . and you can see that on my blog. straight up. but it was also a similar entry i would have got with HG so...
Ti needs to step up the trade calls especially the signal room no doubt about it. I mean people read these blogs and google stuff before they buy it (especially if it costs a couple grand!). The bad publicity they have been getting is going to put them under. and its been killing the affiliate side of it
I wish there was a way for me to post the live calls but I would probably get in big trouble. I checked the results and I can't vouch for the other room, but signal room is about right +2 points or so a day.
personally Its been over a year since I signed up at Ti. before even Bear sterns collapsed. i can remember in the fall taking trade calls that ran for 15 or more points. But recently they have been crappy you are for right.
What i did learn from Ti was to have a trading plan, run it like a business because it is, and stick to a system. all things i could have learned here FREE, Yes. but blogs like this didn't really exist a year ago ! and besides I was an options trader using high probabilities to sell put spreads so I wouldn't have known about them.
HG is the chart i have been looking at recently, yes. and its on my blog because I am trying to help build this community. The reality is its us small guys VS the robots and I think we can win. but we need alot of well trained troops!
About my trading: honestly, I'm using a bunch of stuff when I trade. TICK reading, NYSE AD line with CI indicator, high Volume node histograms, and looking for divergences with the YM and NQ too. Oh and my Fav the VWAP! I have the TI signal room on and sometimes when the moderator calls a trade and I'm already in an opposite position, its hard to keep my mouth shut! But I do because the last thing you want when your in a trade is to have someone on Twitter or in a room telling you something different. Its hard enough to trade your plan without someone else making you second guess yourself. am i right?
my conclusion I trade MY plan, Ti is a part of it. I have posted probably over 100 winning trades with over 1200 tweets on twitter you can go back and see them all. twitter.com/infected1172. I'm with TI til October cause I paid upfront so if there are more questions about how the rooms are doing ill be glad to answer them honestly. And sorry about your experience Alan, no hard feelings. If it happened to me I would be posting the same thing.
I suspended my room subscription as I no longer trade in the room. One day if they ever get their act together and trade with the members best interests at heart and with decent indicators, then I might go back into the rooms, but until then I'm staying well away. They have potential to be a very good outfit, however they are just too arrogant and too sales focussed and ignore members ideas.
I'm in touch with about 20 ex TI members and they all complain about the same issues.
I can not agree more with Alan. I am an ex Traders International trader and that too has been my biggest regret. I joined them in July 2008 and after three months i gave up on them for the reasons that Alan listed.
I will post some screenshots of a simple divergence system I created. I must add that i dont trade this way and this is for mere educational purposes.
In this system I trade with 2 contracts with a 4-5t stop loss mostly based on the pivot, and profits are taken at 4ticks and 6-8 ticks. If PT 1 is filled I move to BE. Always try and remember to get a 1:1 RR ratio or better.
Today the system performed well with +10 +10 +10 + 4 +10 -8 +10 + 10 for 56 ticks. There are days that it does not do as well, but that goes for any system - consistency is the key.
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