[quote='gixxer2012' pid='872715' dateline='1408507626']
[quote='ImAMixOfThorAndAchilies' pid='872652' dateline='1408503968']
[quote='jbmarwood' pid='872485' dateline='1408490569']lol 21 systems that work you would not need udemy, and you would be lucky to have one real world system that works! 21 is like odd of scratch tickets ;)
I could post hyndsight methods all day long term short term, other peoples book ideas, you make it sound easy, but there will be blown out accounts, But you say how to beat wall street 21 systems that work, but then they are for education.ok good luck to that, to each his own. There is a saying> there is a A$$ for every seat!
Hi gixxer2012,
I totally agree that trading is extremely hard, but just a couple of points...
First off, most of the trading systems on the course I built myself. I did not simply pull together 21 free systems I found on the web!
Most of them are based on the concept of trend following – this has been shown by many academic papers to be a profitable way to trade. Furthermore, the systems trade on weekly timeframes so they capture realistic returns (20-50% CAR). No short term trading here! There is also a value-oriented system on there that invests in stocks when they meet certain fundamental criteria. Another idea that has been corroborated by academic studies.
Second, as I note in the course, the systems are not intended to be traded straight out of the box. They are for education purposes, to see what works and what doesn't. A trader must find a strategy that fits their own personality if they wish to be successful.
Also, FYI, my own trading methodology is almost identical to one of the trading systems on the course and I have been trading for 6 years. To be honest, I should probably charge a lot more for it. But the price will go up to $199 next month.
If anyone is interested, I still have some coupons available at https://www.udemy.com/how-to-beat-wall-street/?couponCode=SALE
Best
[/quote]
[/quote]
You're right that it's not easy but I don't agree that it is that hard to find winning trading systems. Actually, I think there are many simple trading systems that are profitable. 9 times out of 10, when people lose money, it is not the trading system that is the problem it is the trader themselves. That's why you need to build a system that you will have no problem sticking to.
The good thing about the course is that the systems are tested on 10 years data between 2000-2010 so you can see for yourself how they would have performed since then.
Here is from todays chart! done on the open, what do you have today?
http://postimg.org/image/dv4f4vufx/
on reversal times
http://www.stockmarketcats.com/showthread.php?t=4202
I only use fibs , support and resistance areas and reversal times when they move the market.
Key Reversal Times are as follows: a) 9:50 – 10:10; b) 10:25 – 10:35; c) 11:15 – 11:30; d) 12:00 – 12:15; e) 1:15 – 1:30; f) 2:15 – 2:30; g) 3:00; h) 3:30. All times are stated using Eastern Standard Time.
[hr]
you can test systems all day, you have to understand whats really happening! its been out there in black and white but everyone looks for the hollygrail, you have to understand trending, sideways, fibs, S&R ,and reversal time, and watch charts till your eyes bleed and see it, understand it, then open a account!
and use a bar count down timer before bar close to enter.
afternoon trade i never do, just to prove a point i could see after a run up, a bit after a reversal time could see a turn coming to short.
http://postimg.org/image/f7s370lup/
Repped
I am definitely looking to learn more..
Just don't know where to start...
Is there a logical order to learn in that will profit me as new trader?
MassBlack
[quote='gixxer2012' pid='873519' dateline='1408555588']
Here is from todays chart! done on the open, what do you have today?
http://postimg.org/image/dv4f4vufx/
on reversal times
http://www.stockmarketcats.com/showthread.php?t=4202
I only use fibs , support and resistance areas and reversal times when they move the market.
Key Reversal Times are as follows: a) 9:50 – 10:10; b) 10:25 – 10:35; c) 11:15 – 11:30; d) 12:00 – 12:15; e) 1:15 – 1:30; f) 2:15 – 2:30; g) 3:00; h) 3:30. All times are stated using Eastern Standard Time.
[hr]
you can test systems all day, you have to understand whats really happening! its been out there in black and white but everyone looks for the hollygrail, you have to understand trending, sideways, fibs, S&R ,and reversal time, and watch charts till your eyes bleed and see it, understand it, then open a account!
and use a bar count down timer before bar close to enter.
[/quote]
Last trade nq end of day
http://postimg.org/image/z6mvku7ih/
again just proving systems cant replace humans, unless you have millions lol
again reversal times, S&R just knowing what they do. But i dont trade during the day, just to show reversals
the original setup starting
http://postimg.org/image/x6zqz6g1d/
[quote='gixxer2012' pid='873685' dateline='1408564997']
Last trade nq end of day
http://postimg.org/image/z6mvku7ih/
again just proving systems cant replace humans, unless you have millions lol
again reversal times, S&R just knowing what they do. But i dont trade during the day, just to show reversals
the original setup starting
http://postimg.org/image/x6zqz6g1d/
[/quote]So you are saying that you trade fibonacci levels etc at set times during the day? Then you basically have a system of your own, no?
I don't doubt you have a good strategy and glad that you post it up here but I'm not sure it will work for everyone.
Having said that, putting up a couple of screenshots doesn't prove much. My system picked up EVC on Monday morning and its now up 15%. And last week, it picked up EBIX which is now up 10%.
[quote='jbmarwood' pid='873773' dateline='1408571353']did you trade it? screen shots of live trades, system no methodology yes, half of what i do is from spending time understanding what i see. Also i just posted that to show the market has manipulation they take out stops, they turn it very predictable so it gives me high odds, anyway i'm not selling anything, just proving a point trading with the smart money, you can trade how ever you like! but i trade in the direction of the deep pockets ;)
Of course it would only work for those who really learn and not push a button and hope for the best, if you take martial arts you have to learn every move to be a reflex reaction which only comes with practice, then there is the kid who watches the movies and is a poser, depends which way you go. If you can trust a system go for it. But i would advise getting live charting, learn trending and what side ways market looks like and reversals like double tops, S&R , fibs, and reversal times and watch it everyday i did. Then when you see the turns and what they look like and get a understanding of what you see. Then try it. If not the market has no mercy on your accounts for sure! been their! I lost my shirt because at first i rushed it wanting to trade with out really knowing.
Anyway i only do it part time now, my love is seo, but i just had to say something from that foolish beat wall street 21 systems. lol
any charting platform if i put in 100s of stocks and put in simple lagging moving avgs would show something, but systems also have draw downs! unless you pull the trigger do it live thur or fri you should get 1 set up , plus with the daytrading rule who starts out with 25k most never have that much, its wise to it, but most dont. Anyway thats what i do. What ever i'm not going to get into a pissing match. Just want people to beware of what they are getting into, don't trade with money you cant afford to lose! and that screen cap showed the beginning of a trade set up to a completed hitting support from a reversal time, showing it went sideways from the 1st reversal then went down on the next reversal time...hello you didnt see the 3 contracts?
[quote='gixxer2012' pid='873685' dateline='1408564997']
Last trade nq end of day
http://postimg.org/image/z6mvku7ih/
again just proving systems cant replace humans, unless you have millions lol
again reversal times, S&R just knowing what they do. But i dont trade during the day, just to show reversals
the original setup starting
http://postimg.org/image/x6zqz6g1d/
[/quote]So you are saying that you trade fibonacci levels etc at set times during the day? Then you basically have a system of your own, no?
I don't doubt you have a good strategy and glad that you post it up here but I'm not sure it will work for everyone.
Having said that, putting up a couple of screenshots doesn't prove much. My system picked up EVC on Monday morning and its now up 15%. And last week, it picked up EBIX which is now up 10%.
[/quote]
[quote='gixxer2012' pid='873903' dateline='1408579497']
[quote='jbmarwood' pid='873773' dateline='1408571353']did you trade it? screen shots of live trades, system no methodology yes, half of what i do is from spending time understanding what i see. Also i just posted that to show the market has manipulation they take out stops, they turn it very predictable so it gives me high odds, anyway i'm not selling anything, just proving a point trading with the smart money, you can trade how ever you like! but i trade in the direction of the deep pockets ;)
Of course it would only work for those who really learn and not push a button and hope for the best, if you take martial arts you have to learn every move to be a reflex reaction which only comes with practice, then there is the kid who watches the movies and is a poser, depends which way you go. If you can trust a system go for it. But i would advise getting live charting, learn trending and what side ways market looks like and reversals like double tops, S&R , fibs, and reversal times and watch it everyday i did. Then when you see the turns and what they look like and get a understanding of what you see. Then try it. If not the market has no mercy on your accounts for sure! been their! I lost my shirt because at first i rushed it wanting to trade with out really knowing.
Anyway i only do it part time now, my love is seo, but i just had to say something from that foolish beat wall street 21 systems. lol
any charting platform if i put in 100s of stocks and put in simple lagging moving avgs would show something, but systems also have draw downs! unless you pull the trigger do it live thur or fri you should get 1 set up , plus with the daytrading rule who starts out with 25k most never have that much, its wise to it, but most dont. Anyway thats what i do. What ever i'm not going to get into a pissing match. Just want people to beware of what they are getting into, don't trade with money you cant afford to lose! and that screen cap showed the beginning of a trade set up to a completed hitting support from a reversal time, showing it went sideways from the 1st reversal then went down on the next reversal time...hello you didnt see the 3 contracts?
[quote='gixxer2012' pid='873685' dateline='1408564997']
Last trade nq end of day
http://postimg.org/image/z6mvku7ih/
again just proving systems cant replace humans, unless you have millions lol
again reversal times, S&R just knowing what they do. But i dont trade during the day, just to show reversals
the original setup starting
http://postimg.org/image/x6zqz6g1d/
[/quote]So you are saying that you trade fibonacci levels etc at set times during the day? Then you basically have a system of your own, no?
I don't doubt you have a good strategy and glad that you post it up here but I'm not sure it will work for everyone.
Having said that, putting up a couple of screenshots doesn't prove much. My system picked up EVC on Monday morning and its now up 15%. And last week, it picked up EBIX which is now up 10%.
[/quote]
[/quote]I respect your opinion but I don't think you can say my systems are foolish since you don't know anything about them!
You are clearly a day trader (which I have no problem with) but if you had taken my course you'd know that I don't day trade at all. Most of the time, I find day trading is no different to gambling. Putting up screenshots of a couple of trades you made doesn't mean much.
Everyone who's taken the course has found it very useful. As well, a good deal of the course is based on my eBook, look it up, I've got 17 5-star reviews on Amazon (out of 20). Including reviews from top Amazon reviewers... so it's your opinion but I think you are too quick to judge.
[quote='jbmarwood' pid='874207' dateline='1408597339']
What ever i'm done, and yes i went thorough systems and they cant adapt like humans very well to market conditions! Really this is the last post... OK what ever you say you have 21 systems to beat wall street, if so you would be a millionaire! oh and the markets are not manipulated bewhahahaaa!!! yeah systems know how to deal with that made from your bedroom unless its located in [i]Goldman Sachs LOL..good luck , if you want to sell a system you should post live trades with your account every week since its successful! all 21......... And i can trade daily charts too, less noise , just dont use time zones, big deal boring waiting, when i can make more money with short term trades instead of holding up funds for days to weeks. and long term went out the window when the market crashed people got wiped out and the market lost more than a trillion in long term investments. OK really i have to stop thinking of this sillyness ,one good reason why systems dont work is they use indicators and they will alway lag based on calculations, your late to the party always. Thats when i learned to use just price action [/i][i][i]mmm no lag, [/i]and hello trade with the people who move the market ever moring look back 20 years yep time reversals the same lol, but again whats been around people ingnore! OK Really no more from me! Trading is part time for me now, I just can't handle the title of this thread i dont know if people are that gullible, I have to much work to get done seo took over my love for trading less headaches!
[/i][quote='gixxer2012' pid='873903' dateline='1408579497']
[quote='jbmarwood' pid='873773' dateline='1408571353']did you trade it? screen shots of live trades, system no methodology yes, half of what i do is from spending time understanding what i see. Also i just posted that to show the market has manipulation they take out stops, they turn it very predictable so it gives me high odds, anyway i'm not selling anything, just proving a point trading with the smart money, you can trade how ever you like! but i trade in the direction of the deep pockets ;)
Of course it would only work for those who really learn and not push a button and hope for the best, if you take martial arts you have to learn every move to be a reflex reaction which only comes with practice, then there is the kid who watches the movies and is a poser, depends which way you go. If you can trust a system go for it. But i would advise getting live charting, learn trending and what side ways market looks like and reversals like double tops, S&R , fibs, and reversal times and watch it everyday i did. Then when you see the turns and what they look like and get a understanding of what you see. Then try it. If not the market has no mercy on your accounts for sure! been their! I lost my shirt because at first i rushed it wanting to trade with out really knowing.
Anyway i only do it part time now, my love is seo, but i just had to say something from that foolish beat wall street 21 systems. lol
any charting platform if i put in 100s of stocks and put in simple lagging moving avgs would show something, but systems also have draw downs! unless you pull the trigger do it live thur or fri you should get 1 set up , plus with the daytrading rule who starts out with 25k most never have that much, its wise to it, but most dont. Anyway thats what i do. What ever i'm not going to get into a pissing match. Just want people to beware of what they are getting into, don't trade with money you cant afford to lose! and that screen cap showed the beginning of a trade set up to a completed hitting support from a reversal time, showing it went sideways from the 1st reversal then went down on the next reversal time...hello you didnt see the 3 contracts?
[quote='gixxer2012' pid='873685' dateline='1408564997']
Last trade nq end of day
http://postimg.org/image/z6mvku7ih/
again just proving systems cant replace humans, unless you have millions lol
again reversal times, S&R just knowing what they do. But i dont trade during the day, just to show reversals
the original setup starting
http://postimg.org/image/x6zqz6g1d/
[/quote]So you are saying that you trade fibonacci levels etc at set times during the day? Then you basically have a system of your own, no?
I don't doubt you have a good strategy and glad that you post it up here but I'm not sure it will work for everyone.
Having said that, putting up a couple of screenshots doesn't prove much. My system picked up EVC on Monday morning and its now up 15%. And last week, it picked up EBIX which is now up 10%.
[/quote]
[/quote]I respect your opinion but I don't think you can say my systems are foolish since you don't know anything about them!
You are clearly a day trader (which I have no problem with) but if you had taken my course you'd know that I don't day trade at all. Most of the time, I find day trading is no different to gambling. Putting up screenshots of a couple of trades you made doesn't mean much.
Everyone who's taken the course has found it very useful. As well, a good deal of the course is based on my eBook, look it up, I've got 17 5-star reviews on Amazon (out of 20). Including reviews from top Amazon reviewers... so it's your opinion but I think you are too quick to judge.
[/quote]
jbmarwood, any free coupon available now?