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.

bulltraders

80% of Profitable Trades?

Recommended Posts

Hi,

 

I am new to trading and I am looking for the best services that fits my need as a newbie trader. I am considering to use sp500-trading.com since I heard that 80% of their trades are profitable. Please advice if you have better ideas.

 

Thanks!

Share this post


Link to post
Share on other sites

Hahaha! Excuse me I apologise. If anyone tells you that they are placing trades and they are 80% profitable they are probably not being entirely honest. They may omit certain trades. They may include trades they didn't take. 2 major, major points for you to consider though. Even if someone IS 80% profitable, could you actually follow them? I think it's pretty unlikely but you could try. If you do go into these rooms or go to seminars etc., without any prior knowledge of trading, how do you know whether what you're being told is any good at all???? Consider your options extremely carefully. Imo don't go near the website you mention or any other trading rooms, certainly not as a noob anyway.

Edited by TheNegotiator

Share this post


Link to post
Share on other sites
Hahaha! Excuse me I apologise. If anyone tells you that they are placing trades and they are 80% profitable they are probably not being entirely honest. They may omit certain trades. They may include trades they didn't take. 2 major, major points for you to consider though. Even if someone IS 8-% profitable, could you actually follow them? I think it's pretty unlikely but you could try. If you do go into these rooms or go to seminars etc., without any prior knowledge of trading, how do you know whether what you're being told is any good at all???? Consider your options extremely carefully. Imo don't go near the website you mention or any other trading rooms, certainly not as a noob anyway.

 

Negotiator,

 

One can code a random strategy to take 2 ticks and risk 6 and you will likely breakeven, but it will be 80% profitable. He will break even, only if he does not jump the system. Breaking even would explain why he has to sell the system to make money.

 

On the other hand, he could be completely full of shit and playing into the naivete of a dreaming trader.

 

And, when I consider only my profitable trades, my trades are 100% profitable so 80% isn't that good.

 

MM

Share this post


Link to post
Share on other sites

This is an interesting subject for me, because I was just thinking about how I could create a trading room that would call trades live. But I would give people a free one month trial, to decide whether it was worth anything to them or not. Then, I would charge a lot more than $39 dollars a month if the system was actually worth anything.

 

The very first thing I would concern myself with, is giving out personal information. $39 dollars for a month isn't a big risk, but it's a risk giving out your credit card number, and your personal information. If I were trying to convince someone that I was a legitimate business, I would have an address and phone number on the web page. This web page does not have that. You don't know where they are operating from, or how to contact them other than email. And the email address is an email address to the website, not a regular email address.

 

If you give them your credit card information, and then you want to discontinue their services, how do you do that? If they ask you to sign up for automatic renewal, and that's the only option, I would never do that.

 

Here is part of the disclaimer:

 

You can cancel your subscription at any time through your Pay Pal account.DISCLAIMER: By subscribing you acknowledge that you have read, understand, and agree to accept them. NOTE: sp500-trading.com is operated on the internet by sp500-trading.com SUBSCRIPTIONS AND BILLING: Your subscription will continue until you cancel your subscription or until terminated by sp500-trading.com. sp500-trading.com ; reserve the right to deny service to anyone.Submission of an order form grants sp500-trading.com ; authorisation to charge your (subscriber's) credit card for the cost of ongoing membership.

 

It states that your subscription will continue until you cancel it. I don't like that situation at all. It also states that you can cancel through your PayPal account. I have used PayPal, but I'm not really that familiar with it. I'd make sure that was true.

 

This is also part of the disclaimer:

 

This information is not meant or intended (and should not be used) for the purpose of investing in any of the above investment vehicles in any way whatsoever.

 

Okay, so the disclaimer is telling you not to use your subscription for trading.

Share this post


Link to post
Share on other sites
This is an interesting subject for me, because I was just thinking about how I could create a trading room that would call trades live. But I would give people a free one month trial, to decide whether it was worth anything to them or not. Then, I would charge a lot more than $39 dollars a month if the system was actually worth anything.

 

The very first thing I would concern myself with, is giving out personal information. $39 dollars for a month isn't a big risk, but it's a risk giving out your credit card number, and your personal information. If I were trying to convince someone that I was a legitimate business, I would have an address and phone number on the web page. This web page does not have that. You don't know where they are operating from, or how to contact them other than email. And the email address is an email address to the website, not a regular email address.

 

If you give them your credit card information, and then you want to discontinue their services, how do you do that? If they ask you to sign up for automatic renewal, and that's the only option, I would never do that.

 

Here is part of the disclaimer:

 

You can cancel your subscription at any time through your Pay Pal account.DISCLAIMER: By subscribing you acknowledge that you have read, understand, and agree to accept them. NOTE: sp500-trading.com is operated on the internet by sp500-trading.com SUBSCRIPTIONS AND BILLING: Your subscription will continue until you cancel your subscription or until terminated by sp500-trading.com. sp500-trading.com ; reserve the right to deny service to anyone.Submission of an order form grants sp500-trading.com ; authorisation to charge your (subscriber's) credit card for the cost of ongoing membership.

 

It states that your subscription will continue until you cancel it. I don't like that situation at all. It also states that you can cancel through your PayPal account. I have used PayPal, but I'm not really that familiar with it. I'd make sure that was true.

 

This is also part of the disclaimer:

 

This information is not meant or intended (and should not be used) for the purpose of investing in any of the above investment vehicles in any way whatsoever.

 

Okay, so the disclaimer is telling you not to use your subscription for trading.

 

 

I would want a room were the person shows his dom with a live account and real money... you know people can make magic on sim .....

Share this post


Link to post
Share on other sites
I would want a room were the person shows his dom with a live account and real money... you know people can make magic on sim .....

 

Absolutely. I wouldn't want my account number, or user name to be showing in the live broadcast, but other than that, show the live account. Something could probably be used to block the user name and account number on the live account.

 

The key is to have a business model that provides a good balance between what the customer gets and what the business owner gets.

 

I wonder if a brokerage firm is allowed to also be affiliated with an investment advisory service? If the brokerage firm was providing the trading room, the trading room could restrict the users of the trading room to people who had an open account. That way the trading room could keep track of who had already used their free trial. Otherwise people could just sign up for free trials over and over again. The free trial could be limited to a certain email address, but then people could just sign up for new email addresses.

 

I'm trying to think up a way that a trading room, or service could provide a free trial without people exploiting the business model, and make it fair, but well controlled.

Share this post


Link to post
Share on other sites

Regarding your hesitation in giving CC details:

 

PayPal is about as safe as you can get. I use it for subscribers for my Charting products.

 

I never see the subscriber's CC details, only PayPal does.

 

Every time a user makes a payment, PayPal sends them an email and in that email is detailed instructions on how to cancel their subscription.

 

Your CC details are at far more risk when you hand your card to the waitperson at a restaurant!

 

Gordon

Share this post


Link to post
Share on other sites
Negotiator,

 

One can code a random strategy to take 2 ticks and risk 6 and you will likely breakeven, but it will be 80% profitable. He will break even, only if he does not jump the system. Breaking even would explain why he has to sell the system to make money.

 

On the other hand, he could be completely full of shit and playing into the naivete of a dreaming trader.

 

And, when I consider only my profitable trades, my trades are 100% profitable so 80% isn't that good.

 

MM

 

If anyone tells you that they are placing trades and they are 80% profitable they are probably not being entirely honest.

 

Indeed. Hence the not being entirely honest comment.

 

"There are lies, damned lies, and statistics"

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

    • ELV Elevance Health stock, watch for an upside gap breakout at https://stockconsultant.com/?ELV
    • ORLY OReilly Automotive stock, nice top of range breakout, from Stocks to Watch at https://stockconsultant.com/?ORLY
    • Date: 28th March 2025.   Market Selloff Deepens as Tariff Concerns Weigh on Investors     Global stock markets extended their losing streak for a third day as concerns over looming US tariffs and an escalating trade war dampened investor sentiment. The flight to safety saw gold prices surge to a record high, underscoring growing risk aversion. Stock Selloff Intensifies The MSCI World Index recorded its longest losing streak in a month, while Asian equities saw their sharpest decline since late February. US and European stock futures also signalled potential weakness, while cryptocurrency markets retreated and bond yields edged lower. Investors are scaling back their exposure ahead of President Donald Trump’s expected announcement of ‘reciprocal tariffs’ on April 2. His latest move to impose a 25% levy on all foreign-made automobiles has sparked fresh concerns over inflation and economic growth, prompting traders to reassess their strategies. Investor Strategies Shift Market experts are adjusting their portfolios in anticipation of heightened volatility. ‘It’s impossible to predict Trump’s next move,’ said Xin-Yao Ng of Aberdeen Investments. ‘Our focus is on companies that are less vulnerable to tariff policies while taking advantage of market dips to find value opportunities.’ Yield Curve Signals Economic Concerns In the bond market, the spread between 30-year and 5-year US Treasury yields widened to its highest level since early 2022. Investors are bracing for potential Federal Reserve rate cuts if economic growth slows further. Long-term Treasury yields hit a one-month peak as inflation risks tied to tariffs spurred demand for higher-yielding assets. Boston Fed President Susan Collins noted that while tariffs may contribute to short-term price increases, their long-term effects remain uncertain. Gold Hits Record High as Safe-Haven Demand Rises Amid market turbulence, gold prices soared 0.7% on Friday, reaching an all-time high of $3,077.60 per ounce. Major banks have raised their price targets for the precious metal, with Goldman Sachs now forecasting gold to hit $3,300 per ounce by year-end. Looking Ahead As investors digest economic data showing US growth acceleration in Q4, attention will turn to Friday’s release of the personal consumption expenditures (PCE) price index—the Federal Reserve’s preferred inflation measure. This data will be critical in shaping expectations for future Fed policy moves. With markets on edge and trade tensions escalating, investors will closely monitor upcoming developments, particularly Trump’s tariff announcement next week, which could further dictate market direction.   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 Leveraged 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.
    • Crypto hype is everywhere since it also making new riches as well, i however trade crypto little as compared to other forex trading pairs.
    • The ewallets can be instant withdrawals like skrill etc or they can also pay through crypto but not tested their crypto withdrawals so far.
×
×
  • Create New...

Important Information

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