Opening Orders - 2009

Discussion in 'Journals' started by Don Bright, Dec 31, 2008.

  1. Why do you charge so much for "training" or showing traders a system ? Its not a holy grail, its hard work as you have stated, and your organization makes so much money off the commissions from these "traders" opening position activities/trades. Yet you want to charge thousands to let them know about something that is 100 percent up to them to succeed ?





     
    #501     Jul 25, 2009
  2. Another amazing tale in the wonderfull land of trading.
    16 fills, 7 longs, 9 shorts, 10 winners, 2 flat, 4 losers, -0.04 average. Biggest volume day since march.
    11 of those fills should not have happen, including the 2 worst of course ( short TWC, long WSM). I will call this "software issue". I did not even get the NYSE print! Cancelled all after that (9:31:31).
    I have no clue if it's on my side or the broker.
    Maybe it is related to the data issues this morning. I was late in sending orders and did not have a look at the orders in the platform.
    A day to forget... well... to learn from.
     
    #502     Jul 27, 2009
  3. soo........ ????? What the answer churn charge and burm em'


     
    #503     Jul 27, 2009
  4. newetuser

    newetuser

    Same thought here;

    apparently momentum and revenue is higher on "training" classes than this strategy, as reflected in less and less posting. Strategy may still work for very few people but margin is definitely reducing quickly, coincides with when they wrote an article on tradingmarkets etc about this strategy last year to promote company and classes. Also the new NYSE DMM may have killed this gradually.

     
    #504     Jul 27, 2009
  5. 2 fills, 2 longs, 2 losers, -0.14 average.
    Cancelled many, played wide on longs.
     
    #505     Jul 28, 2009
  6. JulesIII

    JulesIII

    no fills.
     
    #506     Jul 28, 2009
  7. read the news that open orders will be charged
     
    #507     Jul 29, 2009
  8. Not that I dont trust you but without a link...
     
    #508     Jul 29, 2009
  9. No fills, excellent.
    Cancelled over 75%.
    Played as wide as the Atlantic.

    And FU the administrator for not letting us post in less than 60 seconds, that's like the search limitation.
     
    #509     Jul 29, 2009
  10. Have you ever been a successful trader or run a company? If so, you would have answered your own question, rather than coming across as a totally green & uninformed newbie. Seriously...

    Fewer than 1% of traders will ever become longterm, lucrative traders. It is worth a fortune to find anyone who can teach you to trade successfully, with an edge, good money management and good system stats. The only "gurus" that are easily available are those who have no idea how to trade, and make their money off of people like you.

    I have no idea whether Don's methods or company are successful. He does have a relatively good personal reputation from what I have seen.

    But you are demanding answers to a question as if you are in any kind of position to evaluate or ask such a question. You appear to not be.
     
    #510     Jul 29, 2009