Traders' opinion about PageTrader ES trading services (www.pagetrader.com)
I've recently had a free trial of PageTrader, trading the ES future.
On the plus side, the results were encouraging, in terms of trading performance, since the guy was able to catch the main swings of the day. Additionally, the support/resistance levels indicated in advance were right almost at the tick.
On the less positive side, trading techniques and rules are not disclosed, you just have to strigthly adhere to the trading signals that are given along the day.
I would be pleased to know if one of the good guys here on Big Mick's had any opinion about this service.
Thank you in advance
I tired it once for a month or so. I didn't necessarily have any success or failures with them. I think like most trading methods you need a good number of trades to see if its a good method or not. I did not like the fact that I was blind to what was going on. You get the page for a trade and either take it or not. At one time I inquired with them and said "it seems like the trades are counter trend.." They responded that "they are". i didn't like that.
It would be really the greatest thing to find a way to ride the coat tails of someone that is successful. All you need to do is click long here and short there. In my experience that is not enough. Psychology still gets in the way because you still may deal with loss in a negative manner and from that other emotions may arise etc. Everyone is different, so if it works for you thats great.
The following 3 users say Thank You to David_R for this post:
Hi David, thank you for your answer.
I agree with you, it looks like they trade quite often against the trend.. I decided to extend the trial for one month and will strictly follow their indications, while keeping an accurate register of my trades.
By the end of the month, I will compare my results that will incorporate real slippage and any eventual... psychological failures, with their theoretical results and will keep the group posted.
In the mean time, whoever else has any significant experience to share, will be very much appreciated.
The following user says Thank You to gvv1965 for this post:
He pulled in 2.5 million in 1995 and he will pull in another 300K for his 2 seminars this year.
I have followed his work fairly closely on and off for nearly 10 years.
I would LOVE for someone to look at his reflected wave charts (I have more examples that I have captured and listened on his daily CFRN broadcast) and reverse engineer it.
However, his heavy-handed legal contract to attend is insane.
Watch out for his background check he will run on you and you are subject to bodily search.
Fine, he is adept at 'spatial forecasting' (wasn't Hurst too); but reflected wave is something that he discovered and one can use an indicator in an 'unusual' way to see both directionality and timing.
His dates are +/- 1 'timeframe/bar or whichever timeframe you are using.
I tend to think he is an extremely good businessman; admittedly he is a conservative trader and does not trade every day--his subscription base through pagetrader is massive and he has a knack for countertrend trading.
I just thought everyone would enjoy the 'pitch' for 7K.
I attended his webinars and listened to CFRN for several weeks. He continued to always say that conservative trading is best.
He is not a CTA but does use a broker that gives out trade 'suggestions' with good management and rules and targets.
I get the feeling he is equally talented as a long-term businessman as he is a 'forecaster.'
He even states there is a difference between being able to forecast a market move and to successfully trade it.
It is unfortunate that after making so so much money that he prices regular people out of his 'beautiful secret'--the Reflected Wave.
Believe me; even if every trader got the same information from this indicator; we would all use different timeframes and different approaches and different ways of trading it.
It truly is a marketer's world.
The following 3 users say Thank You to researcher247 for this post:
Its so wonderful, its so fantastic. Pick tops and bottoms and make millions. All for only $7000. So, is he sharing out of the kindness of his heart or is it just a bunch of BS? I say, if its so good, lock yourself in a room and trade the damn thing and make a fortune and don't go after poor souls looking for a way to find success in trading.
very interesting point. I tend to distrust kinda of "holy grail" or "Mida's touch" stuff. Indeed, if there were such a secret, I would be willing to sell everything I own to pay for it. I would just keep my last 1000 dollars for stock market speculation, after the secret has been disclosed.
By the way, I agree with you that, at least according to my first week of the trial period. The guy until know was good in his forecats, thoug if the trades he suggests are often endangered by slippage. I will continue to follow him with the utmost attention and will share my opinions here in the forum.
Thank you very much for your thoughtful post.
David, I totally agree with your bad feeling about those sales pitches. However, I can somewhat understand the desire of teaching or of sharing anything good a person could have discovered. In other words, though if I would certainly use any eventual discovered secret for my financial benefit, I would also feel a sense of great accomplishment in teaching and sharing, maybe just to a selected circle of friends and maybe with different terms and financial conditions.
Indeed, this tremendous secret that, according to the author, could be understood just in the first 20 minutes of the 7000K seminar (this was told during a webinar) looks much more similar to that BS you mentioned than to a real holy grail.
Greetings from Italy to you and R247 and thank you again for your helpful support.
The following 3 users say Thank You to gvv1965 for this post:
What else did you guys find out? I am interested in signing up with them for the regular trades, but I my budget is limited because I am just starting out. I don't have 7k to pay for training. I don't want to throw a bunch of my cash away, I would prefer to keep it in my account.
All the info you need is posted already. You have your answer...
Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.
Need help? 1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first. 2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses. 3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make. 4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance. 5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers. 6) Help using the forum? Watch this video to learn general tips on using the site.
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Sorry Mike, just wanted to know what gvv thought of the trial, if they continued on etc. I can't take the training, so I was interested in their regular trades they sell. Just wanted to know how it worked out.