P.S. the more clueless people trade the more money there is for those that aren’t clueless. hahaha
Avoid Keeneonthemarket.com
This guy andrew keene claims he made 6 or 7 million dollars trading options but I was in his room for a few months and saw him lose almost 90% of his trades he made. Additionally he really has no clue about how to look for trades. mostly just tries to buy highs and sell lows. just my two cents...
When you say they lie i know your right approx 98% of the time maybe more, but im talking about the good 2%, not the scams...
I know for a fact that phil newton calls his trades out in his live room very clearly with no blue peter trades 'i went long there etc..' so he definately does not lie. Plus tom hougaard in 'which way today' publishes the exact results he gets in is live room, ive seen him do it.
The 'trader management company' ive heard are the same as the above and reguated by the fsa, in fact one of the traders is on trade2win, im not sure who it is though!!
I just wondered if anyone had any experience with them...
I spent 4 weeks in"which way today" took every trade the chief trader took, he trades like a pregnant woman, about to drop , has a wide stop and when he is up 5 to 10 ten points, panics and closes.
Lets his losses run saying "I know this market lads trust me it will come back up" then goes off at 10am to do something important like feed the meter. Comes back at 2pm and tells everyone about the trades he took while the room was closed. Forgetting about the losing trades.
and when questioned about says "If you do the course you will not miss the trades I took while I was away.
I took every trade in the room on a demo account which showed a net loss. At the end of the month the room results were published. Surprise ! surprise!
On a spreadsheet we have a wonderful profit!
If it was any good would at least run a demo account for everyone to see.
The only reason one should join a trading room is to bounce ideas of others and definately never ! never! pay to join a trading room.
:cheesy:"in fact one of the traders is on trade2win" come on reaveal yourself :idea:
Thats not far wrong, the only one I found any value in was Phil Newtons live trading room. Its for forex traders only as far as I remember.
I am in search of a good Live Futures Trading Room. I have attended and/or want to attend the following rooms, anyone have any experience with these:
Channel-Trading.com
EminiJunkie.com
EasyEminiTrader.com
Thing is Markerup, that you can make a lot of money out of a successful trading room. One like Day Trading / Online Trading - Trade The Markets has over 1000 members, each paying $150 a month. Attendance will get you a lot of education. But, what are you looking for? Probably you want someone to tell you "go long here" or "go short there" This doesn't really work out, because every trader has to find thier own confidence. Trades are called, but you pass them thinking its not quite right, then you take one that isnt called..etc etc. For a good free one, try Woodies CCI Club LLC. Woodie has been around forever, and is a charming guy in his way. You can learn a lot from listening to him. Rockwell Trading is another good one. One of the biggest problems we are up against with day trading is that we want to catch the big moves, but that requires hours of focus, waiting for the moment. Invariably, you will have gone off for a coffee when the big move comes, so when you get back and see it, you jump in and get whipped.