I had 1 losing day out of 11 that I have traded the eminisniper system. The funny thing is that you are profitable on systems found here, but i am unable to go live with any of them. i guess it is a matter of matching up the system to the trader.
Good opinion. I disagree with his approach of asking for money back. Or that he is ready for cash. It is ok to disagree. It is my conclusion and one I would not care to share nor have the viability to claim it. haha...
If you trade according to the defined rules, even the conservative ones, you cannot be profitable.
Apparently you are claiming that you are profitable because you added or changed rules without saying to me what you are changing.
Also, if you follow the trades who are called in the room you are not profitable.
You should see how many private messages I get from payed users who are afraid to speak publicly but are losing money with this system. I hope the vendors of this system change their system into a profitable one because it's not now.
Out of those 11 winning days that you traded the system, how many of those days were winning days for the official trade room who trade the system as it was designed? I can assure you if they had 11 winning days out of 12, there would be 11 new youtube videos on the internet. Since you are a customer, please go to the room moderators, find the answer, and report back to us.
The following user says Thank You to monpere for this post:
From those 2 supporters of this commercial room, the first one, john 6174 has ALL his posts on BM (except for introduce me) in this thread supporting this commercial vendor. It's clear that this user is only here to rave about eminisniper and nothing else.
The other guy has 14 of his 30 BM posts or so in this thread support eminisniper, so like almost half of his posts if you remove his other HELLO posts on BM.
I think we got the message guys. Please use payed advertisements to get customers, at least be honest to yourself when you look into the mirror. It's bad enough that your customers are losing money with your trading advise.
I spent a few weeks in the room also. Moderators are very pleasant and appear to be genuinely interested in teaching and helping. As others have indicated, they are apparently quite willing to spend significant amounts of time off line discussing and instructing. However, I think they probably launched the room & system prematurely. Seems like it is still a work in progress. Here are some random thoughts...
When I started one of the mods was claiming that he generally took about 10 trades per day while the 2nd claimed he was only looking for 2 trades per day (the most conservative ones). Both were trading 6E. A couple of weeks later the prolific trader had dialed his trades back down to 1 or 2 per day. 2nd trader appeared to have changed completely to CL. Unclear whether either was trading cash or sim. Not that it matters all that much, but I believe to some extent that if a vendor believes in a system enough to sell it, they should believe in it enough to use it to trade real money. Hedge fund investors often insist that PMs have their own $ invested in the fund - same principle here.
Rules about entering around news time became flexible.
Lots of instruments being displayed on screen but not being traded.
Trades being missed because mods were responding to questions about random instruments.
Dreadful meeting room technology with the mods' voices inevitably disappearing when things were getting exciting.
Lots of instances in which 6E would have a strong move, the mods would watch it move and not be able to get in until the trend had been exhausted.
Haven't been in the room for a couple of weeks but in my last couple of weeks I don't think the chief mod made any $ on his trades (and must have lost a bit). He only trades one contract with tight stops though so losses are not insane. Given that he is trading the "conservative" signals and does not appear to be profitable, it seems hard to defend the method as being useful unless it is customised by individual users.
Very few signals - especially with the conservative approach. Often one per day on 6E. This leaves a lot of dead air space which they fill discussing great signals on instruments they are not trading. This can be a little...frustrating.
No track record. I think it would benefit the room a lot if they were to recap the valid trades actually taken at the end of every day and summarise the results.
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It was another futures.io (formerly BMT) member that i follow that initially brought me to read this thread. I understand you are sore, but please do not start accusing me of something that is not true.