Traders International - Trading S&P500 Eminis + FX

[Rockhoundnz]

Re: Traders International - Trading S&P500 Eminis

I will answer your question with another,

Whats the probability that a novice will make money in any zero sum game from professionals?

Stats are about 1 in 1000.

see here

This answer, or implied answer, is a little misleading. Trading isn't a zero sum game, it's actually a negative sum game if you take commissions into account. Also, there's actually no need to take money from professionals - there are plenty of newbie traders out there who don't take the advice of a good teacher and don't use stops to provide money for the market. So the real question should be "are you truly willing to make the effort required to be a successful trader?" All those seminar rooms full of people at some learn-to-trade-after-two-weeks presentation who think "yeah, I'm willing to make the effort", when really they're only there because they actually believe that they can make $1000 a day after reading a couple of books, taking a month long course, and spending a couple of weeks on a simulator. The reality is that trading is a career just like medicine is a career - would you want your doctor performing surgery on you after the same length of time? I think not.

 

[TI Member]

Re: Traders International - Trading S&P500 Eminis

Hi all,

I'm new to Aussie Stock Forum and was interested to see there was a topic in relation to Traders International.

I have had a read through the post on this topic and I can understand why there are people who are wary of Traders International. I was at first but still decided to take the plunge. Nothing ventured nothing gained. The initial investment is high but the level of support you receive and the fact that there is a trading room with someone calling the trade suits me fine.

The other aspect I like is the fact that they send out text messages when a signal develops during the non cash hours. This has often allowed me to take some trades that have gone to profit and not have to worry about getting up at 1.30am as I had hit my profit target for the day.

The system is not for eveyone however to dismiss the system without seeing it for yourself is a bit harsh. This is just my opinion and no I am not a spammer I am an actual member just trying to give a balanced view.

Hope it proves to provide some help to those who are after some information from someone who is actually using the system.

 

[Timmy]

Re: Traders International - Trading S&P500 Eminis

The system is not for eveyone however to dismiss the system without seeing it for yourself is a bit harsh.

I've seen it and dismiss it ... glad I am not being harsh!
For those who do want to dismiss it without seeing it, you will save a lot of time!:

 

[TI Member]

Re: Traders International - Trading S&P500 Eminis

Timmy,

It's fair enough to dismiss it after having seen it but to encourage others to do so is actually an in justice to those that are considering the system. I have had great results from it and it will pay for itself in no time.

My results to date (both in simulation and live) have been outstanding.

 

[Trembling Hand]

Re: Traders International - Trading S&P500 Eminis

My results to date (both in simulation and live) have been outstanding.

Best way to shut up the skeptical is to post your trades real time in the an appropriate thread. Like this one. Or send some statements to some senior members.

One problem with TI is their kick backs for recruiting other members. Always makes people skeptical that the praise is genuine as many have an interest in it looking like "THE" system.

 

[szandor]

Re: Traders International - Trading S&P500 Eminis

Ive been doing some research into these trading systems over the last few months (ie TI,puretick etc),and despite myself being a novice in trading,iam beginning to think that these systems do work,maybe not as profitably as they claim,but i think they definitely imo give the trader a better than 50-50 chance of making a successful trade.If you can consistantly get a better than a 50% successfull trade result(and Ti for example claim approx 70% from memory),then just going by probability and numbers if you consistantly follow the 'system' you will be profitable.
If i were to implement a system that could consistantly on average give me a 55% success rate for example with a 10% stop loss,i would be profitable wouldnt i?Obviously on a $1000 contract that isnt much,but using 10 contracts and it starts to look attractive.

 

[wayneL]

Re: Traders International - Trading S&P500 Eminis

Timmy,

It's fair enough to dismiss it after having seen it but to encourage others to do so is actually an in justice to those that are considering the system. I have had great results from it and it will pay for itself in no time.

My results to date (both in simulation and live) have been outstanding.

AWOOGA!

VI alert!

 

[TI Member]

Re: Traders International - Trading S&P500 Eminis

Sorry wayneL but what does "VI alert!" mean?

As stated previously I am new to the forum so not too sure of all of the terminology used here.

 

[TI Member]

Re: Traders International - Trading S&P500 Eminis

Ive been doing some research into these trading systems over the last few months (ie TI,puretick etc),and despite myself being a novice in trading,iam beginning to think that these systems do work,maybe not as profitably as they claim,but i think they definitely imo give the trader a better than 50-50 chance of making a successful trade.If you can consistantly get a better than a 50% successfull trade result(and Ti for example claim approx 70% from memory),then just going by probability and numbers if you consistantly follow the 'system' you will be profitable.
If i were to implement a system that could consistantly on average give me a 55% success rate for example with a 10% stop loss,i would be profitable wouldnt i?Obviously on a $1000 contract that isnt much,but using 10 contracts and it starts to look attractive.

szandor,

Your theory is right. I too am a novice and just recently went live after being in simulation. So far I am finding that the system works. Time will tell how successful it is in the long term.

 

[peter2]

Re: Traders International - Trading S&P500 Eminis

TI member: If you only recently went "live" then you are indeed a novice.

Your statement describing your results to date as " outstanding" is misleading if you have only recently started trading with your own money. You are only starting to experience the emotional tugs of fear and greed. At this early stage ignorance is bliss.

Would you mind telling us how long it took you to get the required number of consecutive winning trades in simulation mode? I am aware of this requirement and understand its benefits as an accomplishment and as a confidence booster prior to going live.

Other comments about the education and support that you experienced would be of interest.

 

[Nick Radge]

Re: Traders International - Trading S&P500 Eminis

imo give the trader a better than 50-50 chance of making a successful trade.If you can consistantly get a better than a 50% successfull trade result(and Ti for example claim approx 70% from memory),t

A 70% trader can be a losing trader.

A 30% trader can be a winner.

 

[IFocus]

Re: Traders International - Trading S&P500 Eminis

A 70% trader can be a losing trader.

A 30% trader can be a winner.

My win loss been as low as 40% this year and account still going up currently at 53% and very happy to stay at this level.

I have this secret fool proof method that I could let you all in on for.......sorry I hang out with Galahs........

 

[szandor]

Re: Traders International - Trading S&P500 Eminis

How can a 70% successful trader with a +/- 10% 'gamble' be a losing tarder?

 

[Trembling Hand]

Re: Traders International - Trading S&P500 Eminis

How can a 70% successful trader with a +/- 10% 'gamble' be a losing tarder?

What does "+/- 10% 'gamble' " mean?

 

[szandor]

Re: Traders International - Trading S&P500 Eminis

From what I understand,TI only usually go long/short 2 points.

 

[Nick Radge]

Re: Traders International - Trading S&P500 Eminis

How can a 70% successful trader with a +/- 10% 'gamble' be a losing tarder

Lets say you make 10 trades, have 7 wins and 3 losses. You are a 70% trader.

Lets say those seven wins make you $1000 each for $7000.
Lets say the three losses lose you $3000 each for a loss of $9000.

You are a 70% trader. You are also a loser.

 

[szandor]

Re: Traders International - Trading S&P500 Eminis

yes but if you work on a stop loss of 10%,the maximum you can win or loose is 10% or 2 points per trade per contract.So if you're a 70% trader using the Ti system for example and you have a $1000 contract,you'll win $700,loose $300 with a profit of $400.Thats the attraction of the system,you only win or loose 2 points per trade if you stick to the system.So if they're continually averaging approx 60-70% success per trading day,my question is how can you loose if you follow their system and take all the trades??

 

[peter2]

Re: Traders International - Trading S&P500 Eminis

Yes, the figures quoted by TI do have a positive edge. This strategy is designed to get many small wins and needs the high W% to be profitable. You need to ask yourself if this style of trading suits you. Ignore the 5%-10% claims. Can you sit at the monitor for hours patiently waiting for the trading setups? Do you have the discipline to wait for the perfect setup, near enough is not good enough. If you had three consecutive losing nights will you be able to take the next signal? Remember these results are acheived by educated and experienced traders. They make very few mistakes. If you forget to place your SL and the market moves quickly against you, your losses will be 50 - 100%. Are you willing to put the effort in to learn it, practise it and then stick with it for as long as it takes?

How can you lose? You will lose by not learning, not practising, making mistakes, getting distracted, etc......
If this trading style dosn't suit you, you will find a way to lose.

 

[TI Member]

Re: Traders International - Trading S&P500 Eminis

TI member: If you only recently went "live" then you are indeed a novice.

Your statement describing your results to date as " outstanding" is misleading if you have only recently started trading with your own money. You are only starting to experience the emotional tugs of fear and greed. At this early stage ignorance is bliss.

Would you mind telling us how long it took you to get the required number of consecutive winning trades in simulation mode? I am aware of this requirement and understand its benefits as an accomplishment and as a confidence booster prior to going live.

Other comments about the education and support that you experienced would be of interest.

Peter2,

Firstly, I acknowledged that I am a novice.

Secondly, I do not believe that my statement of "outstanding" was misleading as I made it perferctly clear that I had great results both in Sim as well as on my live account. I was in Sim from the 8th of Jan till the 27th of Feb. During that time I traded for 33 days. Out of the 33 days I only had 6 losing days. My total ROI for that period was over 400% after brokerage. If that is not an outstanding result I don't know what is. Since I have gone live I have only traded for 7 days. In that 7 day period I have managed to get a return of 55.20% after brokerage. To me that is an outstanding result as well.

Thirdly, I treated my simulation as if it was a real. I did this deliberately in order to prepare myself for when I went live. I have had losing days since going live however my preperation during Sim has helped me understand that, that is part of trading. Not every single one of your trades can be winning however I have faith that if I follow the methogolgy in the long run I will be ahead. So I do not believe I am being ignorant in relation to what I can expect to achieve. I would however agree with you that ignorance is bliss that is why unlike you I do not dismiss any trading system unless I have seen the system myself and tried it to determine if it works or not and wether it suits my style of trading.

In relation to your request for information on education and support, the education is not that complex. Learning the signals is quite simple and you could probably obtain the information or similar information quite easily. For me it is the support that really attracts me to the system. They run daily support sessions not only in relation to the technical aspects of trading but more importantly on the psychology of trading. Also the fact of being in a trading room and building up relationships with other trades who will support you on days you may be struggling by reassuring you that all will be ok in the long run is a huge benefit to me.

I can assure you that all of my posts are honest as I personally have nothing to gain from this. I purely want to try to provide a balanced point of view for those that are seriously considering the system and want to make an informed decision before they take the plunge. My question to those that are quick to dismiss the system is how successful are you in your trading and how long did it take you to reach that level of success?

 

[wayneL]

Re: Traders International - Trading S&P500 Eminis

Peter2,

Firstly, I acknowledged that I am a novice.

Secondly, I do not believe that my statement of "outstanding" was misleading as I made it perferctly clear that I had great results both in Sim as well as on my live account. I was in Sim from the 8th of Jan till the 27th of Feb. During that time I traded for 33 days. Out of the 33 days I only had 6 losing days. My total ROI for that period was over 400% after brokerage. If that is not an outstanding result I don't know what is. Since I have gone live I have only traded for 7 days. In that 7 day period I have managed to get a return of 55.20% after brokerage. To me that is an outstanding result as well.

These numbers could have been plucked out of your @rse for all we know.

Can you verify them? If not, just do some live trades on here so we can follow along. You do not have to say why you enter or exit, you don't have to give anything away, just when and the price traded at.