sm_jew

I think it depends on the system too - if it has too much discretion in it, any figure woudn't make too much sense since there's just too much variation. On the other hand, a strict mechanical system everyone should theoretically get the same results (broker feeds would give variations though, and particularly broker server times).

 

Did we just open a can of worms haha?? ;p

The past is not an indication of the future. Yes, you have the right to get some information about the past performance, but not what your performance could be in future. I understand that's the main issue here.

Apologies if I got this wrong, but I have seen too many of those threads where people complain because a vendor did not promise them something he really could not. No vendor can promise you anything in terms of future performance, for instance. At least, not in good faith. At best, to get your money.

I would tend to agree with Hector's comments - any kind of numbers put's an expectation, even limitation on what the student may/may not be able to do, whether they believe it or not. Maybe a conservative estimate is ok... but you could do better or could do worse, who's to say what's possible or not for them.

 

Don't want to ramble on, lol... but just my honest 2 cents. ;)

I totally agree with you.

Honest vendors don't make definite predictions and only fools expect them. It's mindboggling how ****** some people can be. They are basically begging to get scammed by those who are too eager to offer any kind of expectations or even a guarantee (heck, sometimes with double your money back - good luck with that).

Yeah, i was really interested in the discussion about Gann.

Apparently, he died broke or so some people say. Alexander Elder is among them if I am not mistaken.

Guys you must be lucky one because I know 5 traders who get busted by ClickBank. PayPal is OK but ClickBank always smells like fish.

Cheers Hermes

I disagree. CB is fine. But if you abuse it, they may not like it. I am not saying you did, but that's one of those situations when CB may not like your requests for refunds.

But I agree that most CB stuff is not very good, to put it mildly.

Unless there are some results to back it up, it's all garbage.

I know nothing about Wave59, but what I just said applies to all these products. Don't waste your time unless a vendor shows he can make money with his tools, even on a simulator.

Just my two cents.

thing is finding someone who know how to trade properly as 98% of courses on Google are indicator system based trading and say fundamentals is bs no wonder no one is making money.

You are right. Trading is not about indicators, there is more to trading than that and all this emphasis on indicators and the never-ending search for fancy, "better" indicators is pretty much a sign of general cluelessness. You can trade without indicators, or with the old indicators everyone is using. But you cannot trade without sound ideas.

http://lmgtfy.com/?q=sar+mtf

 

first post should see you right...

Interesting, thanks.

I sent you a PM with my email address. Since neither of us is coming here often that seems the best way to communicate. Feel free to use it.

 

Thanks. Got it. Will be in touch by email now. BTW, got myself King too. Cheers.

Thanks for your reply.

 

I too don't come here very often, but I think that's still one of the better trading forums out there.

 

Yes, I am using king and doing well. I am trading only YM. I tried other emini markets (ES, TF) and you can trade them too, but I like to specialize and YM is very much to my liking and I get very good commissions too.

 

You may be right about 50K not being enough for day trading stocks for real profit. Actually, I have a similar problem with eminis. I would be making 200K a year, if I had access to at least 150K for that. Now that's real money.

Yes, it's not a bad forum, but gets slow at times.

So you are basically saying that I could be making an extra 200K a year? :>

Gee, I am in then. Seriously, I've been thinking about giving king a try ever since my friend started bragging about his newly found superpowers (LOL), but sounds like you might be doing even better.

Can I send you a PM? I would like to ask you a question or two if you don't mind.

I read the king's sales page the other day and must say that it's brilliant. If it was written by the vendor than I am even more impressed because English is not his mother tongue.

Hello Traders..

 

I mean its unbelievable...this forum exits a very long time and what is the best indicator or software the we have fond? I think no one...I have try anything and im so bored because everything everything repaints and no one indicator gives us clear signals..I m not searching for the holy grail but its unbelievable that after 5 6 years indicators researching we have no one indicator that forecasts or give us just only one single candle correct signal...i think i give my Trading Carrier away because its juts luck if you win at trading.

 

Regards

Indicators or software are only tools. What you need are sound, robust ideas, and a lot of practice. You are simply looking in wrong places. You can trade profitably without indicators, but never without good ideas and solid preparation.

Are you daytrading AAPL? Scalping? I have thought about trying daytrading stocks. I started with 15K in my IB account, but I am now over 50K and could easily afford daytrading some stocks.

 

Can you tell me more about what you are doing? And those 500 points in AAPL are very impressive. I am kicking myself for not buying some shares below 100. Oh, well. Live and learn, learn amd live.

 

Thanks.

Hi,

Sorry that I did not reply sooner, but I don't hang out on trading forums too often.

Yes, I day trade AAPL on more volatile days. I basically trade pullbacks. My strategy is not particularly sophisticated, but I would rather not reveal it here. AAPL is a good stock for day trading, but I am not sure if 50K is enough to make day trading it worthwhile. 100K is much better if you want to make some reasonable profit, but then again, you could give it a try.

I noticed that you were using King. A friend of mine got it a few months ago. He is quite pleased with it, but he was not that happy when he got it. Are you still using it? Scalping Dow emini?

And now we are back in risk-off mode.

 

The bears have returned!

Well, I welcome our bearish friends. This only makes day trading more interesting and profitable. Better volatility and stuff.

I tried it and found it difficult to follow his methods.

As with most methods of this type, practice is the key. I know this system, but I did not find it particularly original, so never gave it a serious try and because of that I would NOT dismiss it as useless. I am using more superior methods, though, so I don't think I will go back to Mr. Watts's methods.

Hi,

 

I base most if not all of my trades on cycles and timing. I do not trade with price at all.

 

Long term trading is for investors like you have huge fund to hold. But a retail trader like me who is trying to grab from the market for a little bit of this and that cannot afford to hold anything for 12 months or so. I can't do anything long term at all. Thanks for your suggestion, though!

I daytrade quite often these days, but usually on more volatile days. I am doing pretty well. But I am also heavily invested in diamonds and recently exited AAPL some 500 pts above my entry point. I thought it would go higher after the recent earnings, but disappointed a bit, so I sold it. That was a very good investment. Did not expect it to go that high, but planned to hold it for at least 2-3 years as I often do with my better performing stocks. I might still buy some AAPL shares on a pullback. AAPL is also good for daytrading.

I agree that the long side is safer long term. I remember Dow at 4000 and then 5000. It was 15 years ago or so, probably more. I am not sure we will see 14,000 in the next 12 months, but I very much doubt we will see 12,000 either.

Yes. I remember those days too. Dow hit 4K and then 5K the same year. If I recall it correctly it was in 1995. Very good year and a very good decade, made a lot of money back then being long MFs since late 93.

He is a big liar .....

I am not sure if he is a liar, but he certainly is quite a successful marketer. While most maketers are liars, that does it mean he is too, but I would be careful.

after all this whining anyway, i am not saying all trading experts who promote and market their own system are liars, actors. there are some really good out there. personally in my opinion, i really admire Mr. Joe Ross and Al Brooks.

knight

I have yet to see any evidence of Al Brooks trading prowess. He strikes me pretty much as a trading commentator slash trading writer, which is not exactly the same as a trader, although he may indeed have a pretty decent knowledge of the trading business, but so does Jack Schwartz, except that the latter does not pretend to be much of the trader.