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And here is the logical answer to your question...
From what I have seen, Greg only takes the standard TTZ setups that he teaches (unlike the Scalper who apparently trades it in a much smaller time frame). Greg also rarely trades during lunchtime unless the liquidity is there. My guess is that this puts him at about three to eight trades a day (someone correct me if I am wrong). As you can imagine, this would create a large amount of dead time since it's a demo room and not an educational room. This is where the Scalper and Floor Trader come in to fill the dead time. When I popped in there many months ago Greg also occasional played music and messed around during lunch when neither the Scalper or Floor Trader was there. I guess he could just put a recorded audio infomercial that repeats in the background  . Also, the short time I sat in their room I did learn a few things from the Floor Trader describing what was going on in the Squawk Box. The fact is that unless you are scalping for ticks, day trading can and most likely will have a lot of dead time. So back to your question...if you went to check out a room, how long would you stay if there were one to two hours of dead time between calls? The Trading Zone doesn't advertise as a trade calling service. They advertise as an educational service to provide information on how to trade without them. This also goes for all the other trading services out there that teach education versus paying for a "buy here, sell here" signal service. People need to stop mixing up the two. |
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You make it sound as if the "Scalper" (SEC) and the "Floor Trader" (gator iirc) as you put it, are somehow not affiliated with TTZ or TTZ trading method. That does not seem to be the case. The times I was there, it was never stated that the methods employed by
SEC in the trades he called were different from what Greg offers as part of the education service. Perhaps a trade log and P&L posted on the site would obviate the need for filling "dead air" with trades that are not part of the curriculum. Or, perhaps entering in a
contest where the results could be verified without disclosing too much of the method to non-students would suffice.
In my first post regarding TTZ, I said I know someone (X) who is in the room. From the times I went in there to check it out, and from what my trader friend X has told me, there is not a remote possibility that I would pay for or recommend TTZ.
Run -don't walk- away from this charade.
Just an observation: For someone who has "only been there a few times", you sure seem to be offering a fairly vigorous defense.