Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

jackb

PowerCharting Joins TTM

Recommended Posts

not, if you filter it with time of day, day of week, multiple time frame confirmation and bid/ask volume.

 

Yes, even if you do rudimentary things like what you listed, its still a blow-up in the making.

Share this post


Link to post
Share on other sites
Ha funny indeed especially since you mentioned Taleb. I was going to say that you don't even need a 'back swan' for it all to result in tears, chances are there will be a 'correction' that is bigger than the account being traded before very long. I can't see many starting out being able to swing 1024 contracts if price goes 10 'units' against you. I'm loath to ask (as I am not that interested) but he/they are not advocating others trade like that are they? If not then why even present it?

 

I can only surmise that he/they:

1. Know the truth and they are actually in awe of the Kevin Trudeau's of the world.

2. Kind of know something's not quite right but they prefer to deal with it through compartmentalization, obfuscation and self-deception. Such an issue isn't worth really addressing if it runs the risk of chasing away clientele.

3. Are completely clueless and oblivious as to what's really going on.

 

Right now, I'm inclined to believe it's a little of #2 and a greater amount of #3. But I'm also inclined to believe that he/they will become privy to this thread or other similar critiques elsewhere. So, ultimately he/they will become fully vested in #1.

 

The nice thing about it is that I'm confident one of their customers will post here when D-day hits since it's really just a matter of When, not If. I don't begrudge them for riding it for all it's worth. Hell, even after the blow-up, people will rationalize it as being caused by something other than a fatalistic Martingale system.

Share this post


Link to post
Share on other sites

Ooooyyyyyyy

 

Uh yeah, I never had a losing trade either, and I'm uhhh, Handsome, yeah, and uhhhh Rich and tall, and witty.... Did I mention I never had a loser?

 

Get real... If he has had a streak (it happens), it will end. TTM started off with some good trading ideas / style, but has turned into a mass marketing, cross marketing "venture". In John & Huberts refs to there "masterminds" adventures, they have spoke of just selling more, finding 'bright peoples stuff" to resell over & over, to each wave of newbs falling off the turnip trucks.

 

Simple Question EVERY trader should ask.. "If this person has the grail, why is he trying to SELL it to me?" If I owned the Golden Goose, I'd hide in a cave with dual satellite connections and milk it to death, then retire quietly.

 

Those that can DO, those that cant, TEACH!

 

Trader, Know Thy Self...

Share this post


Link to post
Share on other sites
.......... L. O. L. ..........

 

I assume you meant that to be offensive. Sorry, but I do have a busy life. It's Sunday evening, and I am just beginning to lay out my week and had a few minutes to check out this forum - the first time in months by the way I believe.

Share this post


Link to post
Share on other sites
Originally Posted by traderguy101

 

i am very busy, but just thought i would post a quick note ...

 

.......... L. O. L. ..........

 

I assume you meant that to be offensive. Sorry, but I do have a busy life. It's Sunday evening, and I am just beginning to lay out my week and had a few minutes to check out this forum - the first time in months by the way I believe.

 

no that's not meant to be offensive... I am laughing at your post, that's not offensive. L. O. L.

 

 

 

 

 

.

Share this post


Link to post
Share on other sites
Thats about a generous a characterization as I can manage given what I am hearing about the room..I would look for another alternative.

 

Steve, it's impossible to give you an alternative here.... as anyone who attempts is shot down for being a newbie, first time poster, having less than 10 post, or whatever. In otherwords you might be sincere in wanting an explanation, but most here have no interest in anything but what they already know for sure (which in their minds is more than anyone else).

Share this post


Link to post
Share on other sites
Jack I just saw this He trades a real account - you can see his orders appear in the DOM when he starts putting in size.. Are you sure? I presume he obscures his account number or does he? Are you sure it is not sim? If he uses a Martingale betting strategy he will blow up spectacularly. It's not a question of if its a question of when.

 

His broker is Infinity Futures, and you can see them at nearly any trade show or call them on the phone. I believe Robert Hoffman has given Infinity permission to state his performance (this is somewhat common in the industry if a client agrees to it).

Share this post


Link to post
Share on other sites

Actually, he goes short and long probably an equal amount - so this is not a trending issue (although you didn't refer to what market you were talking about).

 

Robert does know he will have a loss, and I have seen him have them... just not in the last 16+ months.

 

Also, he is one of the best managers of money I have seen in a trader, so he will not be stupid enough to be painfully hurt when a loss comes.

 

He's simply benefited from the characteristics of trending markets that have been in play over the purported period in which he "hasn't had a losing day."

Share this post


Link to post
Share on other sites

Well if they are (students), they must be asleep and want attempt to trade with him anyway. He warns then of his ability to trade large several times a day, most times even before he enters a trade.

 

This is the problem with these forums... you are saying "what I dislike about this is that HIS Students are probably unaware" whereas if you knew the facts you would say instead " What I LIKE about this is that HIS Students ARE aware"...

 

No offence to you, but there is no way you can correctly evaluate this as you are assuming false assumptions from your past (I assume bad) experience.

 

What I dislike about this, is that HIS STUDENTS are probably unaware of the magnitude of risk they are exposed to if the emulate this strategy...Steve

Share this post


Link to post
Share on other sites
Actually, he goes short and long probably an equal amount - so this is not a trending issue (although you didn't refer to what market you were talking about).

 

Robert does know he will have a loss, and I have seen him have them... just not in the last 16+ months.

 

Also, he is one of the best managers of money I have seen in a trader, so he will not be stupid enough to be painfully hurt when a loss comes.

 

How do you know that Hoffman knows he will have a loss? Do you subscribe to his room? Is he a friend of yours that you have had intimate conversations with on this topic?

Share this post


Link to post
Share on other sites

I think I have been very patient with this crap

 

Look the gentleman can do whatever he wants and whatever people with let him do (obviously)...

 

For me I have the following unanswered questions...how does a person get "personal attention" in a class of hundreds of students. I am thinking he or she does not..period..prove me wrong.

 

How does a person learn to trade watching a trader who scales in & out with virtually unlimited capital. How does a student learn to manage risk that way? They don't....and what kind of lesson is learned by folks who have limited capital and are trying to move to the next level.....I'm thinking nothing worth coming here and mentioning, otherwise we would have heard a few success stories.(we havent')....I think I have wasted enough time on this subject.

Share this post


Link to post
Share on other sites
I think I have been very patient with this crap

 

Look the gentleman can do whatever he wants and whatever people with let him do (obviously)...

 

For me I have the following unanswered questions...how does a person get "personal attention" in a class of hundreds of students. I am thinking he or she does not..period..prove me wrong.

 

How does a person learn to trade watching a trader who scales in & out with virtually unlimited capital. How does a student learn to manage risk that way? They don't....and what kind of lesson is learned by folks who have limited capital and are trying to move to the next level.....I'm thinking nothing worth coming here and mentioning, otherwise we would have heard a few success stories.(we havent')....I think I have wasted enough time on this subject.

 

This has nothing to do with you and your (im)patience. Why is that you felt compelled to make such a comment? Again, do you know Hoffman personally?

Share this post


Link to post
Share on other sites
This has nothing to do with you and your (im)patience. Why is that you felt compelled to make such a comment? Again, do you know Hoffman personally?

 

I could ask you the same question. I've taken the time to look into this and my opinion is unchanged. Except that now I am thinking that you're acting like a shill. I've seen enough to make my mind up...

 

we're done here.

Share this post


Link to post
Share on other sites
I could ask you the same question. I've taken the time to look into this and my opinion is unchanged. Except that now I am thinking that you're acting like a shill. I've seen enough to make my mind up...

 

we're done here.

 

You're right, I'm not interested in conversing with someone who is incapable of responding to simple questions and acts like a child. Run along now, it's past your bed time.

Share this post


Link to post
Share on other sites
You're right, I'm not interested in conversing with someone who is incapable of responding to simple questions and acts like a child. Run along now, it's past your bed time.

 

No problem "Mr. Hoffman", I'll be on my way now....thanks for the interview. We all enjoyed it..

Share this post


Link to post
Share on other sites

I know you are busy and I sure am as well. We will just agree to dis-agree on a few pts.

 

Robert has a great memory and get's to know people on a personal level. I believe this was even a surprise to Hubert and John (how well he knows his students). I have never met anyone in the trading community that is willing to help as much as him.

 

I expect someone to chime in now and say "sure he helps but there is a fee", but the other side of that coin is he has helped many people and organizations for many years in the past. In my opinion he has a special skill set that few have, and deserves what his fee structure is now.

 

IFor me I have the following unanswered questions...how does a person get "personal attention" in a class of hundreds of students. I am thinking he or she does not..period..prove me wrong.

Share this post


Link to post
Share on other sites
Well if they are (students), they must be asleep and want attempt to trade with him anyway. He warns then of his ability to trade large several times a day, most times even before he enters a trade.

 

.

 

Does he explain exactly how large? As I said before few people can afford to multiply there size by 1024 times if price moves 10 'units' of rpice against them. And of course if price continues to move unfavourably you must double again and again and again.

Share this post


Link to post
Share on other sites

That's fair, but it's also fair you plan on eating crow or something if he doesn't....lol.

 

Would you even be willing to publically state in this thread to say something like "I guess Hoffman knew more than me" if he doesn't blow up in the next 12 months?

 

Also, what is the defination of blow up (meaning he has to leave the business, or perhaps losing a million bucks)?

 

Can we set June 1, 2012 as the date?

 

I would give the OP 12 months max for a blow up.

Share this post


Link to post
Share on other sites

Absolutely, and he has a scalling calculator that is also provided to all students. He works through the calculator on an almost daily basis.

 

Does he explain exactly how large? As I said before few people can afford to multiply there size by 1024 times if price moves 10 'units' of rpice against them. And of course if price continues to move unfavourably you must double again and again and again.

Share this post


Link to post
Share on other sites
That's fair, but it's also fair you plan on eating crow or something if he doesn't....lol.

 

Would you even be willing to publically state in this thread to say something like "I guess Hoffman knew more than me" if he doesn't blow up in the next 12 months?

 

Also, what is the defination of blow up (meaning he has to leave the business, or perhaps losing a million bucks)?

 

Can we set June 1, 2012 as the date?

 

what does hoffman has anything to do with me? (or you for that matter? are you confused? LOL)

 

 

unless you and the OP and hoffman are one and the same person.

in that case, I think you would blow up in 12 months as well.

Share this post


Link to post
Share on other sites
I know you are busy and I sure am as well. We will just agree to dis-agree on a few pts.

 

Robert has a great memory and get's to know people on a personal level. I believe this was even a surprise to Hubert and John (how well he knows his students). I have never met anyone in the trading community that is willing to help as much as him.

 

I expect someone to chime in now and say "sure he helps but there is a fee", but the other side of that coin is he has helped many people and organizations for many years in the past. In my opinion he has a special skill set that few have, and deserves what his fee structure is now.

 

I wish I had more time to respond, but I don't so all I have time to say is that I wish I had more time.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • DXCM Dexcom stock, great day off the 69.73 support area, from Stocks to Watch at https://stockconsultant.com/?DXCM
    • Depressions aren't real either... ??
    • Dear B4 #42, I heard you can't get out of bed and decided you were going celibate and shaved your head and “reconsidered” having children.  If it took Trump getting elected to get you to stop fkn every Dum, Harry, and Dick you meet, we’ll take it.  thx Sincerely just sayin’ zdo PS To all the other girls I loved B4 - https://www.youtube.com/watch?v=rVq0ONrSH-Q 😚
    • MDB MongoDB stock watch for a range breakout at https://stockconsultant.com/?MDB
    • Date: 12th November 2024. Market Buzz: Trump Trade Impact! “Trump trade” has boosted the US Dollar and US stocks, but Trump’s policies may have less favorable effects on global assets. Trump’s plan to raise tariffs is expected to negatively impact economies worldwide, especially exporters like China. Asia & European Sessions:   Bitcoin Surge! Bitcoin broke $90K, driven by Trump trade once again. Bitcoin is up roughly 110% in 2024, helped by robust demand for dedicated US ETFs, interest rate cuts by the Federal Reserve and Trump’s cryptofriendly agenda. Crypto market capitalization has exceeded its pandemic-era peak, reaching $3.1 trillion. Traders are betting on Bitcoin reaching $100,000 by year-end, according to data from the Deribit exchange. Open interest — or outstanding contracts — for CME Group Inc. futures for Bitcoin and second-ranked Ether (ETHUSD) scaled records on Monday, a sign of growing engagement by US institutional investors. Asian shares dropped, alongside European and US equity futures, as traders evaluated the implications of President-elect Donald Trump’s policy agenda and potential cabinet choices. The MSCI Asia Pacific Index fell for a third consecutive day, driven by rising Treasury yields amid concerns that Trump’s proposed tax cuts could increase inflation. There are also reports that Trump is considering two individuals for prominent roles in his administration with track records of criticizing China. DAX and FTSE100 are down -1.1% and -0.5% respectively, after a pickup in German HICP inflation and higher than expected UK wage growth dampened easing expectations. Investors await the US CPI report for insights into the Fed’s easing path, as Trump’s inflationary policies may lead to fewer rate cuts. Financial Markets Performance:   The USDIndex continues to rise and is currently at 105.75. It hit a 1-year high. EURUSD drifts to 1.0620 and GBPUSD is in a sell off, currently at 1.2800. Oil prices fell after their biggest 2-week decline, amid a weak demand outlook from China, a stronger US Dollar, and concerns over a potential oversupply. Crude oil has traded within a narrow range since mid-last month, influenced by Middle East tensions, the US election, and OPEC+ output decisions. Gold remains under pressure and is currently at just $2604.36 per ounce. It hit a one-month low, down 5% since Trump’s election victory, as a strong dollar and US equity rotation pressured the metal. Gold’s decline was also technical, breaking below the 50-day moving average, causing funds to cover long positions. Despite recent drops, gold remains up 25% for the year, supported by central bank purchases and geopolitical risks. Always trade with strict risk management. Your capital is the single most important aspect of your trading business. Please note that times displayed based on local time zone and are from time of writing this report. Click HERE to access the full HFM Economic calendar. Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding of how markets work. Click HERE to register for FREE! Click HERE to READ more Market news. Andria Pichidi HFMarkets Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.