megaman123

I know only one honest guy in trading. His subscriptions are gold ( pun intended) I knew one other but he quit in 2009. But dont know if his methods worked afterall. This guy sells quite cheap subscriptions for systems that really are well backtested and work in the current environment. The problem is I think he is afraid we will go to the environment pre 1987. So he decided to sell his systems and compound much faster, I think. The time periods after 1987 however, is very similar to eachother. In any case, you can buy any education and ask questions. And if he skirts around you know he is a tool. But generally honest educators are honest in everything. They dont fudge. They arent 99%, but 100% honest. So if you see even one weird thing going on, its suspicious

He's not simming unless he faked 12 months of Tradestation account statements. His account statement for last month shows $15500 - ish. So about 50% profit in more then a years time.

Another 4 point win, which is 2% I believe. But the room seems to have 75-80 members now, maybe 90 or 100 already... Kinda worried. But performance seems to be going well now the last few weeks, so that's good. Well, I hope this lasts! P.S. I gambled away the $500 I made from the last trade. If I fail it's because I suck at following systems!:crap:

Im might be bragging but Im certainly not vendoring. I would have given you the name otherwise. I can't give anybody here the name because otherwise liquidity will get worse for me (though I can't really explain the insane 5% profit, maybe the ES is bigger than I thought)

can't tell. but performance is pretty good again maybe we just got lucky but we closed a trade for a whopping 10 points or 5% return. Performance goes to 3,45% a month.

I have no clue who is roger I am used to your postings, I read karl denninger. I understand where your coming from. I was a member of a martingale chatroom once, it made in hindsight no sense at all. The room had no tracksheet, but did record all of its trades live, then the guy got margincalled with a 200k loss when all he took was 500-1k profits. He took profits on ticks and called this trend trading (which is a major red flag because its scalping). Back then i had no clue. I was under a huge cognitive dissonance, and it seems I am still a bit susceptible (pie in the sky dreams from my first post) I forgot to add an 8th reason 8: room has low amount of members <20 preferred, <50 preferred <MAX??? It seems high amount of members is detrimental to the room, I will keep monitoring. btw, are there really 2700 trading rooms in the UK? that sounds excessive.

Then we agree to disagree. I disagree, I am not a marketer, just a showoff. I was super happy that I finally found a profitable room. Actually, I learned something here, and you or others can learn to from my advice. The room I am in may or may not be sustainable. At the worst case it is an unsustainable 50% a year. I must admit I boasted too much in my first post, never thinking about the consequences. 50% a year is alot. What did i learn: I should be more skeptical and keep running the numbers. I should not take it easy. I admit my head was in the sky when I made my first post, your posts at least keep me grounded. So lets say its unsustainable. It still made 50% in one year for all its 20 subscribers. So if this is a fluke, I told you what made it work. 1. After every day updates tracksheet 2. No fudging, disappearing signals 3. No cherrypicking 4. trade the ES for liquidity reasons 5. no scalping, daytrading going for points, not ticks. 6. 100$ a month or cheaper 7. no education excuses if it does not make money What did you learn: If a trading room does not check out on all 7 points it is at the least not a temporarily profitable trading room like mine in the worst case. This is the takeway you can take from my posts.

you voice my concerns. I will track the trading room and see if performance deteriorates. This should be a good general case study. The fact that going from 20 to 50 members depresses profits by 33% in a years time (on the freaking ES) is telling. It says that trading rooms are a very bad idea basically for subscribers, and liquidity is really important. I wonder how those 200 member trading rooms do. I bet they dont do well at all, only for the vendors. about the hedge fund, i dont know. he showed a equity curve years back and it only goes up. after testing the system still makes 50% last year. I can only deduce he is honest, until red flags appear. I guess posting here was a good idea after all, I would have doubt I ran the numbers in a spreadsheet unless I started losing money I would have waited too long.

I see. well it is understandable, the structure of trading doesn't really lend itself grouping. There is only so much money to be made and capital to be deployed with a singular strategy. you make a good point, in fact I start to worry. Lets say you invested $10k in the strategy, it makes $5000 and cost $1200 in subscription fees. From this standpoint it makes no sense to sell the system. 50 subscribers is $60k a year. Well this means if he has $120k he can make the same money, but with larger risk. Maybe he expects 100 subscribers to the room, so $100k, but he would need to risk $200k to make $100k, when the room is risk-free, except for chargebacks. Maybe he decided to do this room for 5 years only, and then collect $500k in total, and than go offline and trade making $250k a year himself??? Dont know. Since I was worried I just ran the stats in excel. A year ago the strategy made 4,7% a month, then 4,3%, now its down to 3%. Damn I should have noticed this sooner, this is bad. Just from 20 members to 50 the stats are down 33%. I think a member must be a hedgefund member. I know the room owner used to try to trade this strategy in a hedge fund, but it never worked out (he says, cant confirm) because capital was just interested in the current hype of buy and hold, not a quant system. The hedge fund did make money though before closing down. This room may burn down because of its own success. Also I haven't even taken into account the possibility of the room owner getting greedy and stopping the room in 2015 or so. I do see this risk. If you outsource your backtesting you arent really "owner" of the edge. Then I have to find a new strategy that works.

I dont know what to say to this.... I dont know what is your point. I am not marketing, I will never give anybody the name or give triggers. Not if your mother theresa. I had a system once, not really a system. It was frontrunning bear raid hit pieces on a well-known site, without hacking (there was a bug), I published it and it disappeared. It was free money... I still regret it. Young and dumb. The only way my posts help you is how to seperate the good rooms from the bad. this is quite general advice. After a single day you can see if a room is a scam. If it fudges one day, it will fudge the next day etc.

-Its counterproductive to give you the name, its hurts liquidity for myself. -I both tested and traded it. Basically I compared the actual system triggers with live triggers, so to see if slippage would effect the results. -if I give you the system triggers you would discover the room instantly. So no can do. the triggers are very specific. -I posted here because imo nobody believes there is profitable trading room. Well im in one that made 50% in a year. Also I told you what the room look like and how you can verify it is honest. After every day trigger is reported in verifiable spreadsheet. No fudging, No cherry picking. Much less slippage than other rooms. Reporting of ALL losses and stilll get to 50% a year. Its a miracle. And no education or predicting. Just triggers. And less than 100$ a month. Now how do you feel about that, makes tons of rooms look like overpriced crap doesn't it? FYI, I dont know if my luck will last, the room already has 50 members and should I hope not get more, less the system stop working due to its own success. I know results should be variable anyway. 50% last year means 20% next year and 80% the year after.

My email got spammed and then i read your reply. I check my email once an hour. I would have totally forgotten about this thread if I didn't get an email. You are knee-deep in semantics. I know this guy is legit because Ive already got a subscription to his other subscription for over 3 years, with also a verifiable track record (but swingtrading) that is accurate (never fudged, or missing trades, or pick and choose). I forward tested his new daytrade system for a year, which then gave 50% return. I didnt know if it would work though, I just assumed, but after 50% where my profits match his I know. The fact that his service made 50% with only 5% max drawdown (about 10 ES points on one contract) is incredible. I never thought it would be that much. Im not a marketer because Im never never ever never giving out the name of the service. Ever. Dont count on me to give you a freebie. I am really afraid this system will stop working now that already 50 people are members. If 1000 becomes members and each buys an ES contract I wonder if ES can take the liquidity. I doubt it.

I dont care, even if people PM me and offer $1000+ I refuse to tell the name of the room. In fact the guy has an affiliate offer that gives $70 (lol) hmmm system that works that gives 50% vs $70 lol. I know that a common trick is to give out 10 signals and take only the winning one and put that in the the track record. However luckily this guy takes ALL signals and puts them ALL in the track record. I thus take ALL signals and make 50%. Actually the system made 60% but Im saying 50% because of slippage. Even the ES has slippage. The good part is that ES has enough liquidity, less frontrunning that way. I know some rooms buy illiquid stock to front run. I dont like education rooms. Theyre worthless. When people dont make money they say well the learning is good, I will make money in a year, thats BS. You either make money with a room that has a backtested system, or you dont.

No, the room is real and that's why I will never tell anybody about it's name. Its counterproductive to the rooms owner versus mine. I want the best liquidity to myself, so I limit word of mouth to his room, never telling anybody the name of the room. He ofcourse wants as many subscribers as possible. I just felt like posting this because then I can let people know honest rooms do exist (well I found one only after many scams). How do I know he is honest. After every day he compiles the trades and puts them in a spreadsheet that is accessible the day after in the morning. The trades match exactly, except for slippage. And I followed this guy for a year and the profit is 50%. The track record is consistent with my observations. As I understand there are virtually no rooms that give signals that have exact matching track records. Here it works because it's not a scalpers service at least, plus its gets updated after every day, even the losses. No hiding losers.

Currently a member of a trading room that made 50% last year. costs less than 100 a month. There are good ones out there. No education though, just a backtested system that works.