After 3 years trying to become a trader using lagging indicators and trading systems that never produced any consistency, I decided to enroll as a student with Acetrades. His methodology is simple yet powerful and relies only on price action. I'm amazed how he picks tops and bottoms with accuracy. I can enter a trade with confidence and a real and positive expectancy of what the market is going to do based on his methodology. His risk and money managemet are a very important part too. My charts are clean, I can read them with clarity and now I can trade stress-free.
The following 8 users say Thank You to dansota for this post:
I took a free trial day today with acetrades through OTC. Ugh. First of all, it was on the free version of Hotcomm so you can't control the volume. And Ace talks loudly. I had to keep muting him. But a few things I didn't like about his trading room:
1) He did not show his charts
2) He would not answer questions. A few of us asked what Key 9 and Key 5 was (he kept saying them over and over) and he just ignored the questions
3) He bragged a lot and implied other trading rooms don't know what they are doing and you will lose money with everyone else (but not with him)
4) I don't even know if he called any winning trades today. He kept calling levels but was he actually in a trade or just pointing stuff out? Not clear. But I could only stand him about 40 minutes before I left
5) Did I mention he was loud?
Anyway, bad experience there for me compared to other rooms I have visited.
Last edited by BeachTrader; September 13th, 2012 at 03:23 PM.
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IF you have a bit of trading experince judging what is out there becomes easy. I have taken many courses training , mentoring etc. All at high cost in time and money. In fact I joined this forum to help me on my quest. I would agree that in order to trade you need to keep it simple. If you cannot explain your method to a 12 year old then you have the wrong method. Of course for the macho know it all types this comes as shear stupidity. Then this system is not for you. I love it. It works more often than not, stops are small and it not filled with useless trading information. You are taught how to trade, period. It worked for me after just about everything I have tried produced marginal results at best. Trading is all mental anyway and up to you in the end. If you want one of best systems out try this.
I thank you for this site for it has helped me progress as a trader and all the ninja helps as well.
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Apparently ACE stole this method from a old Paltalk vendor that went by Kingfish. Kingfish is legendary a not hard to find in a search. The method is a crapshoot that simply uses s/r pivots as stops and hopes for the best. big stops -small targets. This method is similar to the Franz method that flipped at TradersInternational. amazing his flunkies found there way the BM ..::
The following user says Thank You to ironman07 for this post: