Thanks for your posts. Do you have problem following their calls/systems? If they are easy to follow you'd have less problem with your disipline. It is just my opinion.
Both, Jay and Ral have relatively complicated trading methods. One need to study and papertrade a lot before trading real money. Jay teaches stoch. croverover systems, ral is more into elliot and his own structure low-hi methods and gann. Go have alook, they give 14 days full access. Good luck to ur search.
Back then he use to trade the heck out of the stock market. He also posted the daily trades in his website. In fact, Ral doesnt trade stocks, but I believe he is taking options on his signals. But as I said, I maybe wrong, its been several years I havnt been there.
If their calls/system are simple & clear, the system can be placed in the trading software with stop, entry, targets & exits. You do not need to blame yourself. You can blame the room/system instead
Just respond to a PM here: Many of members has been spent lots of time & money to get educated by tons of trading systems/mentors. The time is to KISS...make tons of money. The ability to KISS is high level of trading. Use tons of indicators is when I was first learning how to trade. You do not need lots people provide input in the room. If the mentors in chat rooms are successful. By following their systems/calls there is more chance to learn the right way. Members in the rooms can make much more money than the subscroption/education fee. Then thats are the good chat rooms! Just show me how to make money, intead of making your money from my pocket
I think I mentioned these guys before in another thread. www.shadowtrader.net A friend of mine is the moderator. He is a good solid trader and has taught me a lot. The calls are clear and done in real time with fills. I'm pretty sure he lists his performance on the site but I haven't been there lately. I use the site now and again and they make money pretty much everyday. I don't log in that often because I am working out some systems of my own. The style he trades is good for newbies though. No scalping and its easy to follow along. -F
You use KISS to make a lot of money by high level trading. I agree that more high performers trade very swiftly and simply. Any chat mentor narrating 5 to 15 minutes ahead of the market makes it easier for all the high level KISS traders such as you to trade in that room. When other (a few or several) high level KISS traders in the room confirm in advance, it gives the group a good confident sense that a good action is coming up. What are some of the key things that you are being shown nowadays that keep you at the High level KISS trading. My Favs are R2R and B2B (jargon for when volume on a leading indicator of price signals a trading trend possible action) and two pair spiking on the DOM or button jargon for extreme values of price on the trading trend fractal). You suggest a sequence: A. Market activitiy>>mentor makes call>>>chat room participants trade on call. I was suggesting: B. Narrator suggests market course 5 to 15 min ahead>>>>Market activity>>>>>room observes and comments on market>>>>traders put potential orders on platforms>>>>>market gives signal>>>>traders hit "T". A. is your high level KISS trading and it is based upon knowing the mentor system and being very knowledgeable. Here the mentor dictates the trade. B. is not KISS because the room participates as an interaction with the advance knowledge. There may be an advantage for money making because the gun is cocked well before the right trigger is pulled. Here the market dictates the trade. For good money velocity returns there is a requirement to be in the market most of the time and to reap profits at the end of each of the continuing market movements. B is a type of setting where the focus is on holding and reversing. It is very true that any trader has to know what is going on in the market. A tends to not emphasize that and B is mostly focussed on what is coming up next. Niether A nor B will make good traders out of persons who are not oriented to learning how the market works. What seems to work best for learners in rooms is when they can learn from a vantage point of applying the proper focus all during the day as different situations, conditions and circumstances come up. Being put on notice for what is coming seems to be a very helpful thing. During trading it is almost impossible to discuss what is specifically going on at the exact moment simply because it arrives and goes away faster than either Q's or A's can be put on the table. To ameliorate this dilemma, it is best to narrate 5 to 15 minutes ahead and then have the room monitor, analyze, decides stuff and act as a result of knowing the market topic ahead of time. This makes keeping logs much more routine and the debriefing routines are much more productive. The challenge in A is not good calls, etc. but rather, whether or not the room members can be prepared enough to process the calls. The high level KISS that you do in rooms I'm sure works out for you as you say it does. It may not work as easily for the learner however. B tends to work for narrators and some learners. B also works for people who know the market and want to advance to higher levels of trading. At it's limit, B is capable of handling 20 to 40 actions a day which yield more than the H/L. You can google a log and annotated chart of ES that shows 22 actions and a yield of 17.0 on the ES03Z on 18SEP03. The emphasis at that time was on developing a skill in logical thinking and using an additional protective action. Here, the participants had price signals for the logic (If 2) and stops (APA); also could sweep volume, two stochs and the MACD.. As for time spans, there was only one time actions took place on consecutive 5 min bars.
I still cannot bring up that undergroundtrader site. I have 2 computers at home and one at work, and they all get this same message~ ============================================= 566 Response HTTP Version Unsupported This Web page could not be opened with the specified browser HTTP version. Please contact the owner of this Web page for more information. Request from 172.196.192.168 to Member Spider (spider-ntc-tb023) v8.3.1d-Linuxi686 in DEBUG mode ============================================= Anybody have any ideas I can try? Thanks- Don