I not that dumb, and that was the question? I can see this figure being tighten sometimes, is a way to discourage traders will low self-confidence from trading on their own. If 5% of participants are already Banks, MM, Instituation , funds,..etc, then what are your chances that you can make a living from trading? This is my question? If so, i don't understand why the hell people want to be a trader? I believe it's should be at least 10% to maximum 15%.
Yes TraderDon, that is what I was referring too. I am currently working with local funds and advisors on longer term trading signals and just leveraging my knowledge via different avenues. I am also tapping into managing others accounts. This is a lonewolf business. I was thrown some bait and was challenged to go create my own fishing rod and tactics from the person that mentored me using the ideas and concepts he would occassionally toss to me. I have learned to fish very well over the course of 3+ years. Now I would like to do the same. In all honestly, I am not just going to hand over what has taken me 3+ years, 12+ hours per day to figure out, especially when my livelihood depends on it. I have had offers to mentor, I just don't have the time. If I ever did, it would be done in a fair way. Your fee for the education would be held in an escrow account with a lawyer until the education was finished, or possibly, the fee would be used to trade and when you have doubled the account, the money goes to the charity fund. So if I were to charge $30,000 to mentor someone, they would use the $30,000 to fund their trading account and when it goes to $60,000 they would pay. All done with goals, trading plan, and risk controls in place. I am not here to scam or ripoff anyone. I make you money, you save me money on my taxes, and we both help the less fortunate. Out of nothing comes something, you just have to start it.
Guys... We all know the deal. Like commodore rightly noted, the "nots" make up probably 95% of the rooms if not 99. Now... when a guy comes in and suggests something in such a stand-up straight-up fashion - if realized, this would be the best (most fair) room I've ever seen - it would be the opposite of the 99%. I mean LIVE, not hedged calls? Who does that? So please don't attack this guy and give im a chance, my experience (long) with rooms/vendors tells me this guy is different.
I don't know about this commodore guy something smells a little fishy to me. BUT If he can help people that are struggling in ET, then I will keep an open mind. FOR NOW As many know I moderated a few rooms and it was VERY difficult to trade and moderate. I stopped because I would have had to charge $$ if I would have continued, do to missed oppertunties will moderating.
Hi Samson77, I can respect you skepticsm, it's only natural. There will be nothing fishy. I just want to start and see the outcome. I am not doing this for any personal monetary gain. All profits will go to a fund to help others. Like you say, moderating and trading is tough. I don't see how those hotcomm posters do it. This is why it will be voice only. There will be education along the way to get you to focus on the proper elements in order to achieve trading success. The room will be open for free I at the start so we can get to knwo each other and realize for ourselves whether it will go forward or not. I intend to take it much further if it proves to be a success and does not impact my own trading. regards, comm
If you mentor at $30,000 a crack to "help the less fortunate" you will be able to feed Nations. Let me know when you get this rolling, I want to sign up.
I did see that samson made it into my room this morning, so I was curious to get some feedback from him. Brandon
Brandons room was fun. He is an upbeat funny, kind of quirky guy. His technical analysis skills are good and he makes decent trading decisions with proven edges he has good money management and generally it was a positive experience. The only negatives that I would comment on where. He covers way too many trades and stocks, so it's a blanket effect, some work and some don't so different room members will get totally different results. Personally I think a moderator should take a stand on 2-3 key trades max. so the whole room will either win or lose together. That being said I'm not a stock trader as much as a futures trader and I know you stock guys can follow tons of stocks at any given time. I stick by my original statement about Brandon! As long as he is charging a reasonable fee, no more then $100 per hour imo, he is a definete alternative to just reading a good technical analysis book for those that may want or need that extra education, that being said I still think that most of the stuff he will teach you, is easy enough to figure out on your own with some screen time. So there is my HONEST OPINION take it or leave it
Samson77: Thanks for the review of Brandon. Has anyone else tried Brandon's room? or anyone else's room?