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TradersLaboratory.com
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NoProblem started following PowerCharting Joins TTM
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FYI, the only place you could have gotten that "clear message" is from others who also have no clue. - - - -ooohhhhh, here comes that dreaded "shill" name calling again. For the record, I could care less if anyone ever subscribes to his room or his methods - I just think it's a shame to slander the best educator in the markets today. Perhaps YOU can't provide a good quality education, but try very hard not to base the talents of others on your own inadequacies. Oh, and for the record, Rob NEVER "called out trades".......he actually trades his real money in real time right on the screen in HD, in front of everyone - 100% transparent - while he is explaining his reasons and expectations for taking the trade - THAT is routine in his room. And where do you come up with 1000 people in his room? The freebies maight attract that many, but there's not that many in his LTR. When I was in his LTR, he maxed out at like 40 or so. Again, you and the other critics make unsubstantiated assumptions about something you really have zero clue about. Again, I will ask you to try hard as you can to stop doing that! Well Mr. expert, what does it take for people to learn? He teaches discipline - will people learn discipline? How about if he teaches it in real time? How about if he teaches it using his own account real time? He leads his students to water - but he can't make them drink it. With all your educational, trading savvy and expertise, please point out a better way for people to learn. So he made a bad trade - so what? His discipline flew out the window - so what? It happens. He's been a multi-millionaire at least since I've known him..........can anyone here get it through their pea brains that $300k to a guy with millions is chicken feed?
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LOLOL!!! Sounds like you had no clue rofl!! All I will say as one of his students who no longer needs to - or does participate in his room is......KFC!!!!!!!!!(Kerr friggen Ching!!!!!!) Thanks Rob!!!
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ROFL! My name is Steve. It's been my name for my entire 51 years...............WTH are you talking about? I used to post like crazy about Rob on ET - - - till he got sick of the unknowing and immature nitwits and told me to stop. At any rate, I can promise one thing - if I was Rob, I sure as heck wouild not be posting on message boards lol. Here's a screen shot of where I am right now - not that the stubbornly unknowing folks will believe it, but that's how that goes. http://dl.dropbox.com/u/12396740/Capture.PNG
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Do tell. By gum it most certainly sounds like you speak from personal experience - may we assume so? Regardless, why slander a record that 99.99% of traders (sheeples) would give their right arm for I wonder? According to you folks, the other .01% of traders are the real winners. Isn't that typical of "sour grapes"? LMAO! What EXACTLY is smoke and mirrors? That he went 535 straight days without a losing trade? - WOW, is that ever a bunch of lies hey? Or is it that he trades on a simulator? ROFL! The mentality of traders is one amazing thing - not that I can blame their thinking entirely - thanks to all the genuine scam artists in this biz. Well, I can and do crack up at all the ridiculous assumptions and unsubstantiated accusations by the unknowing and self proclaimed successful traders who aim their forked tongues at Rob. FWIW, when I first came across Rob on YouTube, I set out to discredit him - and I am just the guy who could do it - trust me on that - or don't - whatever..........but after spending a few days studying what he taught, it was plain to see that this dude is awesome! If y'all can stomach it, watch this clip...............IMO, it bespeaks volumes about him - - - - otherwise, for one of his routine setups, just go to about the 9:30 mark for a minute or so. Been there, done that, understand where y'all are coming from - but in this case, he is well worth investigating - IMO. [ame=http://www.youtube.com/watch?v=iV23dsXVMMo&feature=feedbul]Live Crude Oil Trading and timely announcement for all traders - YouTube[/ame]
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Sure, call me a shrill - I have NoProblem with that because it is not true...........it's about darn time that he finally had a losing trade tho - hey? I see you neglected to answer clear questions - better to just fling names hey? At any rate, here is Rob discussing a little about "the trade" - can you hear the fear and sorrow in his voice? Handling a Loss as a Professional Trader - YouTube He is a class act.
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Good. Be done and wrong. Sure it sucks big time for him, but I assure you that him losing $300k will not put a dent in his finances. Such enthusiasm! Perhaps you missed the part where I told you he made his money BEFORE going public. His room is primarily an educational room that also has trading. Perhaps you are in the market all day long and your students always make the exact same trades like robots - it does not work at all that way in his room. You make another unwarranted assumption when you assume his trading account is funded by his students, especially since he has probably made well over $500k live on the screen in front of everyone just in the time that I was in his room. Do you trade live with your own real money plastered on the screen for your room? Again, you make another unfounded assumption accusing him of something without reason - - perhaps you fund your account via your "students" but you should never assume he does. whether or not you operate that way is irrelevant but I can assure you, based on the money I've seen him make trading that he certainly does not need his students to fund his account.
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While I agree with you about it being proven wrong etc, he became a multi millionaire using that system before he ever went public, add to that fact that using that "wrong" method, he went 18 months without one losing trade. Say whatever you want, but he made an everloving killing trading using that method - true, he lost +$300k in one idiot trade using that method - but he also could have retired comfortably a very long time ago - using that method. All the great points you mentioned above and more occur in his LTR. The folks who lose out most are those who subscribe thinking "the guru will make them money by trading the same trades as the "guru" - which is absolutely impossible, if not highly improbable to expect IMO based on my experience with "trading rooms". As far as producing periodic accounting of results goes, that is pure stupidity *IF* the goal is to teach. What I mean is that all advertizing periodic accounting of results will encourage is expectations that are too high for most of the traders in the room - any room. It most likely would encourage wannabees into trades they should not take, but take them anyway in feeble attempts to make "X" dollars or percentage for the same period. I gotta laugh to myself every time I hear about "traders" who think that "unless I see his account statement, he is a crook". That bespeaks of absolute "ignorance in abundance" to judge a methodology based on account statements. Better to see what the guy offers for yourself, then judge whether or not it might work for you. As I already said, most of the rumors are absolutely unsubstantiated and unfounded which are perpetrated by the unknowing. The first proof of this ignorance is the accusation by many that he trades simulator, That one ridiculous accusation is now, thankfully, proven false. Look, he puts up his entire trading screen, complete with his trading dome on the screen in real time all day, and often all night long for his students. He answers questions whenever asked during the day. He broadcasts what he is looking for and broadcasts (teaches) why, usually well ahead of him entering any position. He broadcasts actual target numbers stating where he is going to enter, and exit - most of the time his orders are plainly visible right on the screen for minutes BEFORE he enters the trade for the entire room to see, so they have time to actually determine if the trade is right for them or not. He was real big on the whole risk issue - stating a million times for folks to talk with their "registered financial adviser" if they needed specific info in regards to certain questions regarding their own risk. Whoever loses money taking his trades can only blame themselves - that's the true reality, I never blamed him when I lost - it was all my own fault each and every time..................IMO, that reality is true regardless of the trading room one participates in. He has ALWAYS warned his room about taking his trades if they normally only traded small lots. He almost always gives his projected risk/reward minutes and sometimes hours before actually entering the trade - while waiting for the trade to materialize, he will dissect (teach) every thing there was to talk about ad nausem in regards to the coming potential trade - and his teaching is always focused 99% on risk, 1% on reward. I must have seen him make +$500 trading only one contract hundreds of times. Seems most of his trades last about 5 minutes - and he misses probably as many trades as he makes because price never reached his entry. That's the way it goes when the only trades you take are those he teaches are "high probability" ones. Which is another reason he talks alot - most of the day, he is out of the market looking for high probability setups - he talks a lot about what he is looking for based on his T/A or news or time of day or whatever, why he thinks "X" may occur and if "X" occurs, he will consider entering a trade at "XXX.XXX" with the expectation of price going to "XXX.XXX" - that teaching often leads to lengthy conversations. Whoever does not learn is not there for the right reason. I understand what this post sounds like, and I know that most traders are losers no matter who they depend on to make accurate "calls", (for the record, Rob never makes any "calls") but at least Rob puts it all out there in front of every ones face everyday - how much more transparency can anyone ask for? While I like Rob and the things he teaches, I am no longer in his room because I no longer need to be in his room. For what I learned from him, I will always be thankful to him. Best to you all.
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Well, so much for those conspiracy theory folks who theorized he trades on a sim trader. I cannot imagine how that would feel losing that much money live in front of all those folks who were in his room.....speaking for myself, it's bad enough to lose a few bucks when no one else even knows or cares. If it were me who was in that trade losing $300k, not only would there be a huge mess in my pants, it'd be all over the walls, the floor - everywhere lol. For whoever might be interested, there's a 14 day trial for $5.00 - - according to the email, looks like Rob will be trading for two of those days at least - let me know if y'all want the link. I was one of Rob's students since about a month after he first started posting on youtube up until about a year ago when I left his room - (so, I've known him about 3 years I guess) and I am only posting this to set the record straight on a few things........ 1) Whatever anyone else thinks about him, he really is a heck of a great guy, a total riot to just shoot the breeze with. I believe that he is honest and cares enough about his students and what he teaches to often go "above and beyond" what one would expect from him. 2) He can rip apart a chart like no body I've ever seen, his T/A abilities are absolutely phenomenal. I've been 11 years in this game, none of the 20 or so "guru's" I've had the misfortune to get acquainted with can touch his T/A, or his teaching abilities - not by a long shot. 3) The "high probability" setups that he teaches work over 90% of the time - IMO. 4) His "Scaling in" or "martingale" strategy will kill most traders a lot sooner than 18 months - it killed me twice in only a few months. I'm pretty sure I would have only lost more if my account was larger. 5) When I was in his LTR, (Live Trading Room) He CONSISTENTLY warned his room about this "scaling in" strategy - he was absolutely well aware of it's risk and was never shy about warning others. 6) In the approx 2.5 years I was in his room, I recall he took maybe 15 - 20 trades where he was immediately on the wrong side - scaled in then exited with a few ticks profit on the slight pullback. I could go on and on, but finally, regardless of the "shady" unsubstantiated and unfounded rumors perpetrated by the unknowing, I still maintain that the market education he offers is far and away superior to anything else out there. No one else even comes remotely close. Sure, his subscription fee is high, though much cheaper than others, but he devotes a lot of time into it too - it is, after all, only worth what people are willing to pay - no? Happy trades!