[Predictor]

I see the previous thread here. First, let me start by stating that I'm a *very* successful trader. I am already more successful by measurable means then most. I have 2 of the top ranked futures systems at C2 greater then 6 months old (one discretionary and one quantitative). I've been over there at that other trading forum. However, I'm thinking of moving here because there doesn't seem to be a lot of quality posting going on over there.

I have 2 questions. Please read them carefully.

1. Has anyone taken every trade in Larry Levines trading room with eral money and do the results match the hypothetical results they send out? I seen what happened to the other thread about his program. Please do not share your experience unless you have taken every trade with real money for at least 1 month (or as close as possible).

2. They claim they do around 5k NET per month with only 5k in the account trading 1-3 ES contracts with a max stop of 2 points. They actually average around 7-8k month net. I do not believe that is possible. They claimed over 100k profits last year trading 1-3 contracts. They sent me an Excel file but no real money track record. If anyone here can do that with 5k account and produce real money track results for at least 1 year then I'd be willing to do 2 things: A. Pay you and B. Pay you for mentoring. Again, let me be frank I do not believe that it is possible. I, also, offering mentoring and trade the ES nearly exclusively on hypothetical account. I take proxy trades with rea money at NADEX since April -- for every trade I place. I have very strong returns but nothing like that. The average trade profit is around $20 per trade they claim. This is very low.

I honestly, think, it would be difficult to trade the ES for a living with even 100k. Most everything has told me one needs around 300k to trade for a living.

[Tams]

Originally Posted by light65536 »

I see the previous thread here. First, let me start by stating that I'm a *very* successful trader.....

I found most successful traders do not have a need to tell people so.
people can figure that out from the substance they talk.

[Predictor]

I am only looking for replies to this thread from people who have did the performance I'm inquiring -- not those who believe it is possible or have did well for themselves but not that well.
The purpose of this thread is very specific. Only reply if

A. You scalp the ES or another future for a living. Please let me know what account size you think is required. I mean for a living: it is your primary income -- at least 50k per year.
B. You scalp ES with 2 point stop and 5k in account and make 50k+ per year.
C. You've taken every trade in this room (or most every trade) with a real money account, i.e Larry's Room

Do not reply with advice on trading or comments or thoughts about what you think is possible.

Originally Posted by Tams »

I found most successful traders do not have a need to tell people so.
people can figure that out from the substance they talk.

[Tams]

Originally Posted by light65536 »

I am only looking for replies to this thread from people who have did the performance I'm inquiring -- not those who believe it is possible or have did well for themselves but not that well.
The purpose of this thread is very specific. Only reply if

A. You scalp the ES or another future for a living. Please let me know what account size you think is required. I mean for a living: it is your primary income -- at least 50k per year.
B. You scalp ES with 2 point stop and 5k in account and make 50k+ per year.
C. You've taken every trade in this room (or most every trade) with a real money account, i.e Larry's Room

Do not reply with advice on trading or comments or thoughts about what you think is possible.

then I do not understand why you would need to post links to your blog or the promote your service? You could simply ask the questions without spamming or denigrating your competitor.

[Predictor]

Sorry, I am not denigrating and do not consider this service my competitor. They have millions of dollars and a "real business". I'm just a market predictor aka a "market fool". I do put my services out there because I feel offer a lot more then most other vendors (i.e a realistic track record of out performance that one can check, even if (partially) hypothetical).

I mainly put that in there because at another forum, I posted the same question and receive many people talking about trading methods, etc. It was clear that they were trying to help a novice. But, they weren't speaking from first experience knowledge.

To be honest, I do not respect most vendors because it is clear they are ONLY capable of selling worthless crap. I have a whole list of big million dollar vendors that weren't able to trade way out of paper bag.. and the beginners always get suckered by these people. While I could provide them a real background that could lead to a more then modest success in the markets. But, I am in no way denigrating this vendor. In fact, if they can provide a real money track record of calls that backs up what they sent me as their room calls then I will make a concerted effort to take their training.

Originally Posted by Tams »

then I do not understand why you would need to post links to your blog or the promote your service? You could simply ask the questions without spamming or denigrating your competitor.

[Tams]

Originally Posted by light65536 »

Sorry, I am not denigrating and do not consider this service my competitor. They have millions of dollars and a "real business". I'm just a market predictor aka a "market fool". I do put my services out there because I feel offer a lot more then most other vendors (i.e a realistic track record of out performance that one can check, even if (partially) hypothetical).

I mainly put that in there because at another forum, I posted the same question and receive many people talking about trading methods, etc. It was clear that they were trying to help a novice. But, they weren't speaking from first experience knowledge.

To be honest, I do not respect most vendors because it is clear they are ONLY capable of selling worthless crap. I have a whole list of big million dollar vendors that weren't able to trade way out of paper bag.. and the beginners always get suckered by these people. While I could provide them a real background that could lead to a more then modest success in the markets. But, I am in no way denigrating this vendor. In fact, if they can provide a real money track record of calls that backs up what they sent me as their room calls then I will make a concerted effort to take their training.

then why do you see it acceptable to talk down on them and boast about yourself in the same sentence?

[Predictor]

@tams you seem just to be argumentative. Who are you referring to by "them"? You mean a certain vendor where the CFTC/NFA found they were losing for 12 or 13 years -- never had a winning year --- or the big options training company that were fined because their instructors made millions and didn't trade for a living? Wait, didn't trade at all!!

If by "them" you mean snakeoil salesmen, sure I talk down to them like the slugs they are. What is the difference between "them" and me? 3 things: 1. have real trading skills, 2. I'm honest, and 3. I do provide evidence to support my claims.

If by "them" you mean Larry Levine, I have not determined what category he belongs in. I know a student who is very happy with their program which is how I learned about it. It has certainly worked for him. However, I will remain, more then rightfully, skeptical until they provide me sufficient evidence that their claims deserve merit.

One important consideration is I already have considerable success with my systems. I have systems that can return 100% per year (provided they continue to work). So, I'm not looking for basic training. I'm evaluating them on the ability to far outdo anything my current methods can do, i.e based on their claims.

It is just like the market. The market judges you on what you claim. That's all I'm doing.

Note, I'm not making any specific claims against any vendor. But, if you do enough research you'll find that many of the big name vendors/promoters were indeed completely fake. I would guess that the majority of educators out there promoting to teach day trading are total fakes: i.e they aren't consistently profitable, aren't consistently beating the market, etc. Many are trading on simulator which is fine if they admit to such and also take into account realistic commission and slippage (as I do, they don't) and audit the record (they don't). The few that are trading real accounts are for sure bleeding them as fast as they can get gullible subscriber money or only break even. And then there are a very few who are really successful.. a very few and I suspect none of the big name promoters.

http://www.nfa.futures.org/basicnet/...4&contrib=CFTC

Originally Posted by Tams »

then why do you see it acceptable to talk down on them and boast about yourself in the same sentence?

[Tams]

Originally Posted by light65536 »

@tams you seem just to be argumentative. Who are you referring to by "them"? You mean Rs of Houston where the CFTC/NFA found they were losing for 12 or 13 years -- never had a winning year --- or the big options training company that were fined because their instructors made millions and didn't trade for a living? Wait, didn't trade at all!!

If by "them" you mean snakeoil salesmen, sure I talk down to them like the slugs they are. What is the difference between "them" and me? 3 things: 1. have real trading skills, 2. I'm honest, and 3. I do provide evidence to support my claims.

If by "them" you mean Larry Levine, I have not determined what category he belongs in. I know a student who is very happy with their program which is how I learned about it. It has certainly worked for him. However, I will remain, more then rightfully, skeptical until they provide me sufficient evidence that their claims deserve merit.

One important consideration is I already have considerable success with my systems. I have systems that can return 100% per year (provided they continue to work). So, I'm not looking for basic training. I'm evaluating them on the ability to far outdo anything my current methods can do, i.e based on their claims.

It is just like the market. The market judges you on what you claim. That's all I'm doing.

Note, I'm not making any specific claims against ANY vendor. But, I've read to that extent. You'll have to verify it!!

I think you are just another snake oil salesman using the questions as disguise to spam the forum.

If you are so successful, why don't you become a paid sponsor of this board?
Maybe you can't afford the fees?