Marsupilami

MPEtrader, thanks for providing a different perspective...I initially became interested in IOAMT after I had read an older thread on EliteTrader... http://www.elitetrader.com/vb/showthread.php?threadid=56686 There were a few ET members who spoke very highly of Bill...and these were not first time posters....but maybe his trading approach IS so discretionary that only one out of hundred people will be able to imitate it, just like with the "famous" Jack Hershey method :o

Hello Bryan, thanks a lot for your detailed response !! I am somewhat glad that your positive opinion on Bill is in line with the things I have heard about him before. Yes, I too do follow his daily recaps on the SFO website whenever I can, it is very basic but it helps to get an impression of his style. I have been in his room about a year ago at the time when he offered a full week free trial - I didn't know much about MP at that time and most of the time didn't know where Bill's position was, whether he was long or short... if he was scaling out, reversing etc...:embarassed: I was simply overwhelmed by the amount of information that was presented to me in his room :o As I have read on the IOAMT website, there is a course coming out at the beginning of 2008...not an MP course, but a course on Bill's way of anaylizing and trading...I plan to buy it since it hopefully should make the learning curve in his room steeper...I simply do not have the resources to quit my job and spend a year in front of the screen day in and day out...which I think is realistic to fully grasp his stuff. Regards, Mars

Hello turboscottomatic, it's been some time now since you started this thread. Have you joined IOAMT in the end like you planned ? If yes, I'd be very interested to hear of your experiences with Bill D. I have been reading good things about him. So far everybody says that he is a profitable trader...I am just not so sure whether his style can be learned since it is supposed to be quite discretionary. If other members have experiences with IOAMT, I'd be glad to hear from you as well ! Thank you in advance Regards, Mars

Hello brownsfan, thank you for welcoming me "aboard". Judging from what I have read on this board so far, I think it is a very nice website. Very informative, and less negativity than on other boards. I also like the fact that several users here are into Market Profile...which I am trying to get into more deeply. Regards, Mars

Hello brownsfan, I think the energy market ( Oil, NatGas) is a great place to be for profitable traders...much more interesting than most indices and currencies. However, regarding the risk/reward ratio, I'm not so sure whether oil is better than e.g. the ES. Moves in both oil and natural gas can be so sharp and drastic that, I'm afraid, no stop loss will help if the market goes the wrong way. I know of a trader who almost lost 6k USD per 1 CL contract in one single sharp move when buses in London where bombed ( don't remember the date). He told me he did have a SL in place...I know that on the same day I was following the ES, it would have allowed you to get out of the down move with much smaller losses. I personally would not want to trade CL with less than 7-8 k. These major events are rare, but they do happen, and if one made use of the low margins offered by some brokers one could go bankrupt pretty easily in a matter of seconds. But nevertheless, CL is great... Good trading