Inventory Grab Alert 4/30/09!

ivanbaj · Jul 30, 2009

If AMT trades his own money I have deep respect for him, win or loose. If he used this board, pretending to trade his own money, to suck people in, then he is a scumbag. I don't know.

BTW. Traders that trade OPM are professional and should be evaluated as such. Respect goes to the good ones.

Quote from Whisky:

I must say that it is, at least, interesting to watch the ebb and flow of emotions over many issues in this thread right here. Not only this last issue, but many others.

AMT came here, made great real time calls, for all to observe. I myself became intrigued with his method and tools, due precisely to the accuracy of his real time calls and, of course the high % of his methods mainly due to a combination of money management, position management, CD "flow transitions", divergences, etc, etc. Which are all explained for free in this thread, and which he took pains to explain, even to impolite, sarcastic (cynic?) questioners lik me. He responded politely, and imho to the best of his ability to respond. It's all there, for the record.

I pointed out very early that the method as presented was only viable for very deep pocketed accounts, due to the form of the money mangement, etc. AMT accepted this and put it in print for the record. I also noticed during the trip that the method has also many, many, many subjective elements to it, that cannot be coded or defined objectively, even though he says the method is 95% objective and 5% subjective. We never ever got to discuss that part.

The method, as presented, is also apparently prone and exposed to drawdowns to, at least, a big portion of the open profits in a swing position, to a large degree.

All of this is no mistery for anyone that actually did the minimum study to actually understand the method, and perhaps dig something of value for use in their trading.

I'm now convinced that all the profitablility of the method, as presented, is concentrated on the subjective element, that only comes with a lot of screen time and experience, and probably only AMT can extract fully.

I also know of at least 1 person that has extracted something of use in his trading. Time will tell if he is able to convert to $ this new found knowledge.

I have the same appreciation for AMT that the one I had before he started his subscriber business (for all we know, it could be a friend's business that he is helping out with content or whatever, as a real deep pocketed trader does not have any need to sell services).

He was the same guy before he started selling subscriptions (very affordable, I might add) and now.

BUT NOW...he has turned into a "scumbag vendor", etc, etc, etc.???...and is getting "attacked" by many of the same "followers" that were praising him before??

It seems the herd insctinct is alive and well...

Sadly all threads suffer from deterioration here in ET. And I myself, may have had a part in the deterioration of this one (or at least the people trying to lynch me thought so). Accept this as part of life: You'll have to dig through a lot of shit to get to the diamonds, and sometimes there are no diamonds.

Good luck to AMT, his paid subscription business, etc, and thanks for presenting his ideas (right or wrong) for discussion and questioning.

As for Ken: He probably got dropped ten times a day when he was a toddler, and that's where he gets his 10 points per day mantra from. I hope he finds a mental institution suited to his needs for attention, and with an adequate toilet for him to "trade" from.

JW
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jjf · Jul 30, 2009

AMT has freely offered the CD method to anyone who wants to take the time and trouble to follow this thread closely and develop a set of filters to enhance it's application.

He has clearly shown where and how to enter and when the entry goes against you, he has explained how to hang in there and add to the position at the appropriate places.

Now he is charging for this valuable information at a very reasonable 37 dollars monthly.

What is wrong with this I ask.
Why turn upon the poor guy after he has helped you free of charge.
Why not load up your accounts to the appropriate level and trade as AMT has taught you and take home the profits like he does.

jjf

ivanbaj · Jul 30, 2009

Quote from jjf:

Why not load up your accounts to the appropriate level and trade as AMT has taught you and take home the profits like he does.

jjf
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Good question. Why not? Just don't loose you head when the big profits start entering your account.

There is a gap as big as the Milky Way from paper trading and having a real money position that moves against you 2% of your monthly income when you are down for the month and it is the 15th. Some of us are trying the make a living by trading. You can keep playing your intellectual games as long as you want. It is not the same.

jjf · Jul 30, 2009

Quote from ivanbaj:

Good question. Why not? Just don't loose you head when the big profits start entering your account.

There is a gap as big as the Milky Way from paper trading and having a real money position that moves against you 2% of your monthly income when you are down for the month and it is the 15th. Some of us are trying the make a leaving by trading. You can keep playing your intellectual games as long as you want. It is not the same.
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If AMT can take the heat of adding to a losing position then why do you assume that I can't.

jjf

sosueme · Jul 30, 2009

Quote from jjf:

If AMT can take the heat of adding to a losing position then why do you assume that I can't.

jjf
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Is AMT a paper trader, because that would answer your question.

sosueme

jjf · Jul 30, 2009

Quote from sosueme:

Is AMT a paper trader, because that would answer your question.

sosueme
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Sorry, I can't confirm or deny because I do not know.

However, the monthly sub of 37 bucks equals 3 ticks profit on one car, so I guess that should answer your question.

jjf

sponge · Jul 30, 2009

Quote from jjf:

Sorry, I can't confirm or deny because I do not know.

However, the monthly sub of 37 bucks equals 3 ticks profit on one car, so I guess that should answer your question.

jjf
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Don't forget the $0.50 left over, that could come in very handy.

tradingbug · Jul 30, 2009

AMT has always been helpful and answered every Q I have had. I have looked through all his past posts and do NOT SEE 1 post regarding his website.

Personally, I am ecstatic to get the chance to learn the Zones and Divergences. But thats me and we all find different values to things.

Anyone who has been on this board for any period of time has seen AMT CONSISTENTLY show that he knows what he is talking about. Meaning realtime trades that were consistently profitable.

AMT, best of luck with the website and Hoping to learn as much as possible as usual.

Thanks for always taking the time to reply to all Qs.

jjf · Jul 30, 2009

Quote from tradingbug:

AMT has always been helpful and answered every Q I have had. I have looked through all his past posts and do NOT SEE 1 post regarding his website.
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Thanks for always taking the time to reply to all Qs.
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I gather from your enthusiastic embracement of the AMT method that you are trading a real account with real money and you are profitable.

jjf

tradingbug · Jul 30, 2009

Quote from jjf:

I gather from your enthusiastic embracement of the AMT method that you are trading a real account with real money and you are profitable.

jjf
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Real Money...Real Trading....Profitability depends on the day

I primarily swing trade but I did get caught short in this latest rally. Intraday trading is a different animal and I think AMTs method of watching the volume makes sense from an Auction Market Theory perspective.

My point of the post was that AMT never touted his website and that he has always been helpful with any Qs I have ever had. More a note on his willingness to help and his character than anything else.

I did NOT say anything about his method so please dont put words into my mouth. I do not fully comprehend it so am not able to pass judgement at this time.