Best And Worst Emini Trading Rooms

[WinbornTraders]

Let's Share our experiences from all available Online Emini Futures Trading Rooms By Their Results,Accuracy,Transparency, Cost and Etc..

Winborn Traders

 

[pboyles]

Let's start with Winborn Traders, they were exposed on Elitetrader a while back.

Forums - Real Time Trading Signal for ES E-Mini S&P 500 Futures Contract

 

[Poem 101]

Let's Share our experiences from all available Online Emini Futures Trading Rooms By Their Results,Accuracy,Transparency, Cost and Etc..

Winborn Traders

Total and utter waste of time. Avoid them all.

 

[BataviaTrader]

Let's Share our experiences from all available Online Emini Futures Trading Rooms By Their Results,Accuracy,Transparency, Cost and Etc..

Winborn Traders

I don't get the point with those trading rooms and signal services. If you've found the golden trail why you just don't triple the amount of your contracts, so you don't have to worry about selling expensive subscription services.

just my 2 cents, but hey im just a rookie man

 

[the hare]

I don't get the point with those trading rooms and signal services. If you've found the golden trail why you just don't triple the amount of your contracts, so you don't have to worry about selling expensive subscription services.

To triple the risk, requires triple the account balance (which you may not actually have, or may not be comfortable doing)

If you only have limited starting capital, then realistically monthly expenses wont allow you to compound. The additional revenue from subscriptions would be useful. If you make 50K a year trading a small account, the opportunity to quadruple earnings with a small chat room must be quite apealing.

Although extremely unlikely, there may be liquidity issues that prevent you tripling contracts (although this isnt a valid argument if you are encouraging others to compete for the same liquidity !)

Some vendors claim to enjoy the interaction

Its not difficult to do (particularly signals) and there's a never ending supply of mug punters. These sorts of scams are actively promoted and encouraged by the industy (brokers, trading forums etc)

There are no barriers to entry, it requires no skill, and small start up capital, and the rewards can be reasonably lucrative.

There's a recent thread here at t2w where a couple of vendors try to justify why they sell their services, rather than trade larger size. It makes simply hillarious reading.

 

[the hare]

brother liquidity isnt a problem on the emini, you could clip 500 contracts and no one would blink.

I realise that but not everyone trades the enini's, and for those trading less liquid instruments, switching markets probably isnt as easy as people tend to make out.

It is also possible that punters may be trading at a far larger size than the vendor making the calls.

As I said, I dont really buy the liquidity argument, but it was cited as a reason by t2w's favourite vendor during a recent discussion.

In the past, there's also been attempts to front run mug punters, which is another reason a vendor may wish to make live trade calls.

 

[wackypete2]

In the past, there's also been attempts to front run mug punters, which is another reason a vendor may wish to make live trade calls.

I believe this is much more prevalent that most of us know. If you have lots of subscribers its easy to do.

Peter

 

[BataviaTrader]

hmm i dont know man ..id rather make money with simply trading instead of selling services which are a joke most of the time.

 

[BataviaTrader]

Let's start with Winborn Traders, they were exposed on Elitetrader a while back.

Forums - Real Time Trading Signal for ES E-Mini S&P 500 Futures Contract

hahaha good starter i would say lmfao

 

[BataviaTrader]

To triple the risk, requires triple the account balance (which you may not actually have, or may not be comfortable doing)

Well...may not have YET. if WinbornTraders turns out to be the best trading system with consequently having the best trading room, he might have that sort of balance quickly and start doubling up from there. :clap:

To me personally it would not be an integer way of trading. After all, we are traders, not vendors. If selling a service, use a selling price which shows the service is your SIDE income, not your main income.

 

[Poem 101]

To triple the risk, requires triple the account balance (which you may not actually have, or may not be comfortable doing)

If you only have limited starting capital, then realistically monthly expenses wont allow you to compound. The additional revenue from subscriptions would be useful. If you make 50K a year trading a small account, the opportunity to quadruple earnings with a small chat room must be quite apealing.

Although extremely unlikely, there may be liquidity issues that prevent you tripling contracts (although this isnt a valid argument if you are encouraging others to compete for the same liquidity !)

Some vendors claim to enjoy the interaction

Its not difficult to do (particularly signals) and there's a never ending supply of mug punters. These sorts of scams are actively promoted and encouraged by the industy (brokers, trading forums etc)

There are no barriers to entry, it requires no skill, and small start up capital, and the rewards can be reasonably lucrative.

There's a recent thread here at t2w where a couple of vendors try to justify why they sell their services, rather than trade larger size. It makes simply hillarious reading.

Indeed it did make for hilarious reading. Even more so since I suspect that the vendor in question was rather pleased with his explanation.

I really can't understand how he wasn't burned on this site from the moment he gave a very favourable review to Mr Spreadbetting, when anyone who wasn't an absolute noob should have been able to see through his crap in seconds. He actually said he was very impressed with the material! lol:

 

[the hare]

I really can't understand how he wasn't burned on this site from the moment he gave a very favourable review to Mr Spreadbetting, when anyone who wasn't an absolute noob should have been able to see through his crap in seconds.

Oh dear, and he wasnt the only one was he

:whistling

The Mr Spreadbetting fiasco might arguably have been the last lower low in the trend of t2w's steady decline, the last lower high, being the publication of the interview with options trader howard cohodas (which to my amazement has actually been reinstated after being deleted !)

Interview with Index Option Credit Spread Trader - Howard Cohodas

I have few regrets in life, but how I wish I'd taken a screen shot of Davie Robertsons post when he finally revealed the truth regarding those events. Sadly, that classic comedy gold was deleted far too quickly.

On another note, I joined an emini trading room once (one of the 4 purchases I ever made from a vendor, it cost 19.99 for an ebook and ifetime memberhip to the room, the evil vendor has since increased his prices by a tenner). IIRC it was quite good.

 

[Poem 101]

Oh dear, and he wasnt the only one was he

:whistling

The Mr Spreadbetting fiasco might arguably have been the last lower low in the trend of t2w's steady decline, the last lower high, being the publication of the interview with options trader howard cohodas (which to my amazement has actually been reinstated after being deleted !)

Interview with Index Option Credit Spread Trader - Howard Cohodas

I have few regrets in life, but how I wish I'd taken a screen shot of Davie Robertsons post when he finally revealed the truth regarding those events. Sadly, that classic comedy gold was deleted far too quickly.

On another note, I joined an emini trading room once (one of the 4 purchases I ever made from a vendor, it cost 19.99 for an ebook and ifetime memberhip to the room, the evil vendor has since increased his prices by a tenner). IIRC it was quite good.

Indeed he was not. It is amazing how many "experienced" and "respected" members were falling all over it. Reading back over what remains of the evidence, it is frankly appalling. Rank noobs have an excuse, but anyone else?

Of course, this kind of stupidity is not confined to T2W. On the forum I used to frequent, members were conned out of thousands by a certain forum guru with a famous surname.

 

[G.O.A.T]

I liked the way Davie rubbed his Amazon account balance in everyones face

 

[the hare]

I liked the way Davie rubbed his Amazon account balance in everyones face

Those few posts where absolutely hillarious. I'm sure he's still here quietly hunting in this target rich environment, but he's sadly missed.

 

[Poem 101]

Those few posts where absolutely hillarious. I'm sure he's still here quietly hunting in this target rich environment, but he's sadly missed.

Frankly, I'm amazed he wasn't asked to contribute to the T2W book. I mean, he can't be any worse than that Nazi box guy.

 

[dfenn]

I thought this post was going to discuss good educational trading rooms, but haven't seen one recommendation. Did it get off topic? Anybody learn anything from some rooms? What about LBR group?

Thanks

 

[wackypete2]

I thought this post was going to discuss good educational trading rooms, but haven't seen one recommendation. Did it get off topic? Anybody learn anything from some rooms? What about LBR group?

Thanks

errr...hint, hint.

Peter

 

[WinbornTraders]

try the service you will see

 

[rathcoole_exile]

too precious !