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maintain the effort put in to the earlier "lost" post.
What I don't understand is what Larry and his partners would even consider being in the advice business. Larry is a legit trader. Some of his partners are legendary...the type of traders that books are written about, really.
I'm not saying that their approach is for everyone or that every trade wins, but guys, your comments about others say at least as much or more about you.
I'm sorry that I lost the litany of points based on personal experience with Larry Levin and his partner Scott Bauer. That said, I don't need to establish myself within the forum.
If someone wants to hear from me on this, inbox me.
Levin made lots of legit income when floor trading was king. Back in the mid-late 90's he probably saw the transition coming from big SP's on the floor to eminis on the screen (I did as well).
He chose to then partner up and diversify his income stream w/marketing.
As electronic eminis took over volume in the big run up during the Nasdaq Bubble he increasingly over the next several years decided to make most of his income from marketing.
I suspect he was done trading on the floor around this time and completely transitioned to being a vendor for 90% of his income.
Anything marketed for over $500 in vendorville is probably just overpaying for information you can figure out yourself and create your own methods based upon individual experience/preferences/psychology/bankroll etc...
That written, in '98/'99 when the S&P and Nasdaq futures were MOVING nicely - the basic tenets of Market Profile he wrote about and a few tidbits in his Secrets of Traders Course (modified of course to suit personal needs) weren't terrible if you could sit in front of the market the entire day.
The moves were there. When market volatility contracts for extended periods of time and then dynamically expands in short bursts - that's where having a static approach really suffers.
Market Profile is interesting and provides context (better at times than others) - but it sure isn't the entire picture. Especially if you only trade 2 to 3.5 hours per day like many traders do VS the entire trading session.
but I did see Scott Bauer last week in a blue, not green, trading jacket. The lapel read "Prosper Trading". That would imply some type of change.
I do not keep in regular contact with many people with whom my career path has intersected.
Generally I believe that the "advice business" is nefarious. But Scott and his (former?) partner Larry are certainly more than legit traders. I'd say that Bauer is nearly "Legendary". That is not an endorsement of an educational business....because I don't know anything about that. Nor, do I use any advice, research or paid service in my own trading.
BUT, If Bauer is on a trade, shout "WITH" and make an honest market, because few are better that he is.
The TA guys kept me on their prospect list and were always on point, knowledgeable and respectful. That said I have no idea about that business or any new business those guys may be in.