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Discussion in 'Journals' started by inves200, Feb 23, 2010.

  1. I just don’t understand why any trader with a successful method would bother with all the hassles of running a trading site.

    I know I have heard all the reasons, like so and so just wants to help others, I don’t by it.
     
    #11     Feb 26, 2010
  2. You best have a big account if you want to trade around economic releases. It’s basically a coin toss that is unless you’re Goldman Sachs who gets the numbers in advance.

    The volatility around releases will destroy a small account with risk management in place. And if you’re not using risk management your just one trade away from busting out your account.
     
    #12     Feb 26, 2010


  3. because they DON'T have a profitable system since inception



    Here is the summuary they sent me :



    October 2009

    [​IMG]


    November 2009

    [​IMG]

    December 2009 :

    [​IMG]

    January 2010 :

    [​IMG]



    Summary
    october profit 5,554.6
    november profit 1,378.80
    december loss 2,012.90
    january loss 12,811.10

    TOTAL LOSS ONLY $7,890.6



    Why don't you come back when you have recovered from your $8,000 loss
    instead of misleading people ?
     
    #13     Feb 26, 2010
  4. If you don’t see an account min need, or risk management rules, or firm discipline needed to trade in there introduction, just pass on by, all there after is your money.
     
    #14     Feb 26, 2010


  5. Look at the statements, they have an open loss of around $20,000 > no risk management , scalping for 1 to 2 points but having an open loss of 20,000 :D
     
    #15     Feb 26, 2010
  6. buylo

    buylo

    #16     Feb 26, 2010
  7. inves200

    inves200 ET Sponsor

    One contract ES per $3000 or so with a 3-4pt stop and 1-2pt target seems to work. We've been 100% this month with no stop outs. As a trader I always avoided news releases but this system makes it managable.
     
    #17     Feb 26, 2010
  8. inves200

    inves200 ET Sponsor

    For the 4th time dude, we have a scalping system on news releases, possition trades with 10 oil contrcts overnight IS NOT OUR SYSTEM.
     
    #18     Feb 26, 2010
  9. They are selling a method to capture the move around releases.
    legit? no idea, but they sure claim it works.

    TINS
     
    #19     Feb 26, 2010
  10. inves200

    inves200 ET Sponsor

    We have an office you can visit any time and look at our trade log, we post brokerage statements and a video journal of all trades ... we're working on getting brokerage statements, Till then, audited by a 3rd party. Let me know what we can do to show ya we are legit as a Elite Trader paying Sponsorer.
     
    #20     Feb 26, 2010