How Do DayTraders Make Money in the Futures Market?

This is a discussion on How Do DayTraders Make Money in the Futures Market? within the First Steps forums, part of the Reception category; guess you don't know as much as you think you do...100% retracements + positive / negative deviation are 100% objective ...

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Old Jul 1, 2009, 7:09pm   #89
Joined Aug 2008
mechanicaldaytrader started this thread guess you don't know as much as you think you do...100% retracements + positive / negative deviation are 100% objective and are as easily called real time as they are historically.

You agreed with Ken that this is a scam. back it up. And you hide behind a screen name. You're chicken.

recent dow cash screenshot with the trading rules you learned

you'll just have to wait for the trading statements ...and you're CHICKEN. Prove the allegation or retract it..be a man...not a wimp.

SK
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Old Jul 1, 2009, 7:25pm   #90
Joined Jan 2009
That screen shot means nothing to me or anyone else. Look, I don't hate you personally. I, with true conviction, believe that what you are selling doesn't work as you claim it to. Why don't you stop this "system" selling nonsense and do some legitimate good. I think you do a decent job at helping newbies learn the basics of futures i.e. basic terms, chart formations, candle sticks, etc. Your methodology imho doesn't work. I know that you know this as well. There has got to be a better way for you to earn money than doing this.
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Old Jul 1, 2009, 7:33pm   #91
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mechanicaldaytrader started this thread thx for the advice...lol...

If you can't grasp that chart then imo you have no business daytrading either! lol

this will be my last post on this thread for the time being..check the website in a week for the trade journal entries. You don't know the Dow Behaviors (they were promulgated in 2008); Kindergarten Trades were developed in late 2008.

So, be careful in giving advice to strangers cuz you don't know of what you speak. Ken the spam-man-blog never even learned the methodology - 5 pages of big type and color pictures...geeze that's real hard dude. So the guys throwing arrows don't know what they speak of and they will not prove it. Typical online behavior, imo.

Happy Fourth of July to all the Americans, don't mean to rub it in for the Brits!

Stuart
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Old Jul 1, 2009, 7:41pm   #92
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No, thank you for the advice. What I mean is that anyone can take a screen shot of a chart then put arrows on it, right? Did you place documented trades where your arrows are? This gets old, so I will sum it up: THIS CRAP DOESN'T WORK. NO ONE IS USING IT AND MAKING MONEY OFF OF IT. WHAT IS THE POINT OF GIVING STUART YOUR MONEY IF THIS CRAP DOESN'T WORK!!!!
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Old Jul 1, 2009, 9:04pm   #93
 
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Who are the people still giving you their money?
The ones that live in hope.
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Old Jul 1, 2009, 9:20pm   #94
 
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Originally Posted by vrtrop22b View Post
No, thank you for the advice. What I mean is that anyone can take a screen shot of a chart then put arrows on it, right? Did you place documented trades where your arrows are? This gets old, so I will sum it up: THIS CRAP DOESN'T WORK. NO ONE IS USING IT AND MAKING MONEY OFF OF IT. WHAT IS THE POINT OF GIVING STUART YOUR MONEY IF THIS CRAP DOESN'T WORK!!!!
Of course it dont work if it did why would he sell it But people will keep paying for this rubbish and so the vendors ike him will appear time and again. Scares me how many people look at a simple moving average and think they have found success.

But that to some point is what fuels the market - losers, which makes it easier for winners. End of day I need losers for me to win in a zero sum game so maybe I sell a WINNING sma system and SELL. Think not.
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Old Jul 2, 2009, 10:50am   #95
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Hi Claudia,
I'm surprised to see you jumping on the 'bash a vendor' bandwagon. I expect your post is well intentioned, but in my view the anti vendor lobby don't apply sound logic or reasoned thinking to their argument.
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Of course it dont work if it did why would he sell it. But people will keep paying for this rubbish and so the vendors ike him will appear time and again.
There are loads of very dodgy people and companies out there selling rubbish and charging a lot for it. There's little doubt about that. However, it is quite wrong to tarnish all vendors as rubbish. There are lots of good ones who offer a good product / service and who have lots of happy customers. E.g. Mr. Charts. He is a very well respected member here on T2W and a well known vendor and I am one of his happy customers. And there are many good reasons why they sell their services and products besides just trading in obscurity. Additionally, I think it's fine for mechanicaldaytrader (ex) students to dismiss his methodolgy as "rubbish" if that's their view based on their experience of his materials. If you are a (ex) student of Stuart's, then I accept your view, otherwise your obsevation is both unfair and unfounded.

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Originally Posted by Claudia123 View Post
Scares me how many people look at a simple moving average and think they have found success.
So long as the trader is able to distinguish between a trending market and a rangebound market, there's nothing much wrong with a simple MA crossover system. Although I suspect your comment wasn't aimed at the mechanicaldaytrader specifically, Stuart's methodology is a far cry from a simple MA crossover system. Just looking at his website and his posts to this thread will reveal that there's rather more to it than that.

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Originally Posted by Claudia123 View Post
But that to some point is what fuels the market - losers, which makes it easier for winners. End of day I need losers for me to win in a zero sum game so maybe I sell a WINNING sma system and SELL. Think not.
Of course you're right that those who make money do so at the expense of the losers. I suspect that many of the losing traders have never paid for any tuition and think they can enter the market and make money from their hope and pray trades. If more people paid out good money for good tuition, they might lose less in the markets. There is a place for good tuition in trading, just as there's a place for good tuition in any other sphere of human endeavor. Have you - or anyone you know - ever been to an evening class and really benefited from it? Well there you go - why's trading any different? The really important point in all of this is to distinguish the good vendors with a good product or service to sell at a fair price from the numerous scam merchants. That is a more complex issue. But, the notion that all trading vendors are evil crooks who only pedal their trashy wares because they can't trade themselves is totally ludicrous.
Tim.
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Old Jul 2, 2009, 11:09am   #96
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"But, the notion that all trading vendors are evil crooks who only pedal their trashy wares because they can't trade themselves is totally ludicrous."

your right tim :-)

sorry to the three in every thousand that are reputable

most would be better saving themselves some money / time and just read through the general articles page on the front of this site for free

Last edited by tenbobtrader; Jul 2, 2009 at 11:11am. Reason: and time
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