Do you provide a link which shows the room's performance across whatever futures you are trading (the main focus seems to be the stock and bond e-mini futures)? This would allow us to make a better individual assessment of the trading methdology offered in your trading room, and would allow people to make intelligent decisions about what they should expect from it, as well as managing those aforementioned expectations. Thank everyone for keeping the conversation civil and on-topic. I dont' believe anyone has used one expletive on the thread (except for allenhobbs), that quality alone, is admirable. P.S. Thanks again for your intelligent, on-topic posts Reaver. You seem to be very well acquainted with both market profile and the auction market theory, as well as the software being discussed here and other alternatives which are available in the industry.
Exactly. I agree. 99% of people will brush that advice off the same way a teenager brushes off financial advice from their parents. They want what they want now, the easy way. That is why there is so much more money to be made selling chat rooms and indicators, etc. People want success without effort. I wanted to put that excellent info from Don out there so maybe someone out there with sincere work ethic could see what they are really facing in the trading game. Everyone else, well, they are hopeless anyway. They should pay more attention to things like this: So you are saying that you have people in the room making >17x daily range? That claim would even make Jack Hershey blush. Okay newbs, go have fun now. Make >17x daily range! Just follow the live calls!
The fact is, there is no such thing as 'get rich trading software'. There is good trading software and bad trading software but no get rich software. As someone correctly pointed out, if I had get rich software I: 1. would not share it with anyone else and 2. would have retired long ago. Successful trading is built on information. Good information. Pete Steidlmayer, my mentor, called it Internal Market Information or information that is generated from the exchange, like time and volume. Good information coupled with poor discipline is still a recipe for disaster. We belleive that our F1 - F4 charts display the information that is necessary and essential to consistently provide one with a higher probability of a successful trade. There are no certainties in trading. But if you studied our F3 Balance Bars I think you woukld come to the conclusion that there is some merit here. Trading is an art that is learned over many years. It takes patience, discipline and a desire to learn every day. There is no such thing as get rich software or get rich trading. Marketing a product or service that provides utility to the user is the most noble of enterprises.
Thank you St. Reaver for trying to save the trading world, but we all know what your real mission is and it's not to help others. Your track record on ET is clear evidence of that. Leopards dont lose their spots and you'll always be a wolf even though here you put on some sheep's clothing.
Doesn't every buy require a corresponding sell and the reverse? how can there be more buy volume than sell volume then? alwaus remember just cause someone is/was on the floor means nothing. noobs hold this status in AWE, it is meaningless. their is something seriously wrong about the premise of this stuff, seriously wrong. BB
Your post is spot-on once again. That one sent alarm bells a-rining! ... and is why I requested a link which shows the performance of the room on a regular basis. Citing an outlier trading performance by one or two individuals does little to impress readers with the credibility of your services, but rather makes them question its honesty. It's much better to show consistency over-time, if they really are looking to increase their headcount ... this is exactly the point that Reaver was making in his previous post discussing the difficulties of becoming a professional trader.
Right on target JJ. I remember Charles Cottle once said that if you can prove that you make 20-30% consistently then you will have people lining up to give you money to manage. Now, I am not interested in that route, as I prefer independence over massive wealth....but the point is: Just show consistency in profits. No need for massive overblown claims. Just like Mandelbrot said, just show consistent profits and you'll have more subscribers than you can handle. Of course, that does require consistent profits.....