Anyone subscribe to this service? http://www.vrtrader.com/login/index.asp Mark Leibovit-volume reversal Can anyone comment if it is usefull?
How many paticipants that appear on Wall Street Week and NBR do you consider to be snakes?Can you give us a ball park percentage?
HOW ABOUT ALL OF THEM....... IS THAT ENOUGH FOR YOU !!! Gimme a break your talking to the wrong guy on this one. NOBODY CAN EVER MAKE TRADES FOR YOU BETTER THAN YOURSELF. THOSE THAT TRADE - TRADE THOSE THAT CAN'T SELL THIS KIND OF CRAP BECAUSE THEY CAN'T. END OF STORY.
there are a few highly successful traders who have branched out somewhat with courses and books again only a few , but do not paint the whole trading universe as if those who are not only trading cannot trade ... heck there are many who only trade who cannot trade well
Seth I agree but as all successful traders know THE MARKETS CAN BE A HUGE MONEY PRINTING MACHINE. So why would anyone need to charge $1800.00 per year for an annual subscription when this is the case. I have nothing against fantastic traders writing a good book for the FUN of it but not to make a living from.
At first, I was pretty skeptical, and still am somewhat, but he does post his trades - that requirement #1 for me! That said, his performance has been kind of slack for the last few months, but not bad in the previous months I like that he seems to have both bull and bear each month, with minor losses on the wrong side - this tells me that in a quick shift in the market either way, he will be ready A little concerned about some of the penny stocks and a few pink sheets, a group of people wont get consistent fills, and there's even room for front running. One has to be carefull about adding up percentage gains (which to his credit, he doesnt do, but then again, I have no idea what his total performance is - why didnt he total it up?) For instance, a series of trades: (starting with $100) +25% 125 -25% 93.75 +25% 117.18 -25% 87.89 +25% 109.86 adds up to +25%, but would actually be a gain of 9.86% I dont like 'silver' and 'platinum' levels, always strikes me as cheezy when that gimmick is used - so transparent. however at $29/$99 per month, it's less than a lot of services that DONT publish their results (caveot - how acurate are his fills? I have no way of knowing) He makes some losses that are larger than I would be comfortable with, but he makes some big home runs too. If this is on the level, money management would be important (as always) Need to look at this further. Can't give it an OK right away, but it's better than a lot of stuff I've seen out there (which is saying...?)
I got interested in him because he turned bearish,short term,on gold/silver in January.Gold bugs were really bullish then.It was a good call.