hi howard,
yes thats what i realised after doing the trial,the dow can move 20 points very quickly,however the vendor's signals seemed to be pretty good,but you do have to be quick to get in at the right price.
The other system iam looking at trades the S&P and the russell,i havnt had an opportunity to do a trial with them,but from what i understand they usually have a 2 point stop loss,so iam assuming it would move slower?
Ive studdied both groups live results,(TI and puretick) and TI seems to be more impressive.(ive taken into account the number of contracts used to achieve those results and the numbers of trades per contract and the number of points gained/lost).
At the end of the day iam trying to establish which system gives me a better probability of making money,and which system is better suited for a newbie.
hi rockhoundz,what i meant by trades per contract is basically how many trades were made to achive those results per day(the more trades that are done obviously the higher the expenses).The way i came to the conclusion that TI had better results,TI's trackrecord shows the number of points won/lost per trade on the S&P and the russell so its pretty easy to work out how much money u would make on 1 contract if u followed every trade call(i based my calculations on the S&P only).With puretick from what i understand the results are based on 6 contracts(correct me if iam wrong rockhoundz),so based on the number of contracts,and the number of trades per contract used to obtain the results and i looked at an average of one month results for both,it to seems that TI have the better results.
I agree with you that the results arent everything,and without having a trial access to TI's live trading room it does make it hard to invest the 7 grand without knowing exaclty what its like,iam just wondering if their system has a slightly better probabilty of making money,thats the 7 grand question i suppose lol
2. Find a good mentor that can help you minimise your losses for the first part of your career so that you can get to the point where you can start making money.
3. Somehow be self-taught - which is nigh on impossible. I've not yet heard of a well known and (more importantly!) successful trader who did not have a mentor. Traders like Mark Fisher, Linda Raschke, Louis Borsellino (unequivocally the best trader in the world) and Mark Douglas (his book 'Trading in the Zone' is a must read!) all had mentors.
Trouble is, it's hard to find a successful mentor.
Was your mentor a live trading room? I always pictured something much more personal.
Have any of you guys seen
http://www.callthefutures.com
They also work on the same line as Puretick and TI ( I think)
I am just in the process of trying to work out whether if they will be any good, I think they are more like Puretick because they dont sell any training or programs whatsoever just their a fee for their trading room.
If any one has more info please let me know.
Thanks
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