You said it fkh, these clowns don't know a winner when they see one. The site is awesome for those who aren't afraid to take some else's call and run with it. Pride ruins many people--especially traders. They've got to "be in control" and call their own trades so they can tell their wives and friends how great they are. It's so obvious why a MAJORITY of the traders on this site are LOSERS--unprofitable. including the moderators.
I don't think that anyone who relies on a chatroom forever and just uses it for their trades can ever really call themselves a trader, and they certainly will never be as successful as they could be. This goes for any room, my own included. Since I run one I obviously believe that chatrooms have a place in a traders development. I think that the path to success is never easy, but with out guidance its much harder then it needs to be. A good chatroom can certainly help with this. But at some point traders need to go out on their own. How well adjusted do you think a 30 year old is who still lives with mom and dad? The same is true with a chatroom. You can grow and mature nicely with in the enviornment, but after a certain point you have to go out into the great big world by yourself. Brandon
Yeah, but are your traders pulling down $100K a year with a $50K account? M-T gives me that edge and I'm not afraid to have seasoned professionals lead my way. One day I'm sure my development will have come to the point where I don't need them any more. But for now, I'm content.
I agree with you 100%. I did not mean to imply that chatrooms should be the basis for a trading career. I merely posted the information because I was impressed with their performance. I am an Easy Language programer in TradeStation and have built my own system. But I continue to do extensive and thorough research on EVERYTHING out there. We all know there isn't a Holy Grail for anything - not just trading. But I continue to add things to my trading toolbox which I feel are beneficial to my overall trading. The futures traders at the MT chatroom are strictly discretionary traders in my opinion. Other than the chart setup, they don't have a programmed "signal". I don't trade stocks so I cannot comment on their stock performance. Someone made the comment that "they don't give exits" or something to that effect. If you need a babysitter to march you through a trade then you should not be trading at all. The idea with MT is to call good entry points, suggest when to take profits and define the stop. I saw those entry points when I studied the transcripts and they panned out in real time when I signed up. I never post here, but I was thoroughly amazed at the vitriol and animosity that this post attracted. It really does say something about the frequent posters here.
And if someone DID post information about a true Holy Grail, these guys would miss the boat completely because they would accuse the poster of "spamming" and go into attack mode immediately.
This guy,sharkmit or whatever, that makes the calls on ES/NQ couldn't even trade an ounce of gold for a bag of shit.