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I will answer your question. Most people spend thousands on useless trading software and trading rooms. I know because I have been there. There is even a thread here about how much have you wasted on training software.
When you say you do not need to see proof, it makes me really wonder how different people think so differently. Dean Handley wrote an article in future magazine where he went into over 400 trading rooms and according to him 95% lose money and do not post factual results of their trading. And from my personal experience I can say I find that very true. He then showed trading rooms that posted their trades and kept accurate logs. You can search for the article on the internet.
For the live of me I do not understand why you would trust some ones word they can trade profitable? Just think about it. If I was a truly successful trader; 1st I would not have a trading room; but let’s say I did. Wouldn’t I want to show how great my performance was so I could charge a fortune. Heck I not only would show my results I would get an independent auditor to verify how profitable I was so I could charge $10,000 a person or more. Would you invest in a mutual fund with no real proof they make money??? Yet traders do this all the time with trading rooms and trading software. It just reminds be of Bernie Madoff. People just take his word without doing any due diligence.
If you have watched them trade for over a year and you are trading LIVE money profitable following them I would say you are truly a rare case. And if you are not doing that it is just all smoke and mirrors.
I have been in trading rooms where the followers have spent $1000s and cannot trade profitable and yet after spending so much money they cannot face up to the fact they waste their money and instead just think it will work someday.
For God’s sake wake up and smell the coffee and demand trading rooms show real proof they trade profitable. I cannot believe making such a request is viewed as a sin in this business. If you are not going to do that then at least demand a free trial and track their trades and see if they trade profitable and show an accurate accounting of their trades.
Can you help answer these questions from other members on NexusFi?
Not to go off topic, but Dean is banned here for self promotion. If you research more deeply you might possibly reach the conclusion that he was benefiting from his affiliation or association or recommendations of said trading rooms.
Sadly everyone in this business seems to come with baggage. In fact one of the best traders I know of took criticism on this forum and I heard (true or not) he trained you. And I am aware of the statements against Dean, but I think his article is completely accurate and except for the Tas... trading room he was associated with I think his conclusions where legit. I had been in many of the trading rooms he banned and what he said was right on and I went into some of the ones he recommended and as he stated the ones he recommended that I saw showed their trades entry exits and stops and their post where accurate. And unless a trading room is willing to do that I say Caveat emptor.
Well, this post has a quality at least, thanks for it. Instead of posting negative comments without real experience with their services. I understand where you are pointing and that it is based on your own negative experience with all those lying vendors.
The difference between us is I didn't waste a penny on trading education. Before I purchase something I do a research, I spend my money wisely. Manily becuase I have limited resources and I am wise consumer. I know US culture and your consumption-oriented lifestyle. People don't think before they buy and then they get burnt. Those are who you are trying to protect. And that is good, I appreciate your effort. But in the end it's their money and their decisions.
What I am doing here is I only recommend service that has been extremely useful to me. Is that bad? Is it forbidden to appreciate someone's work here in the forum? Who says I do need a proof to claim my satisfaction? Do you envy me that I am satisfied with OpenTrader and EminiPlayer without having their real results? If so, I am sorry I hope you have same luck one day as I have.
This thread is here to share real experience with OpenTrader services and it serves to help other traders to make their own decision whether to buy or not to buy their Training. As I said, I am OpenTrader and EminiPlayer subscriber and I found their services extremely helpful.
Would love to hear opinions of long-term subscribers as well. Those, who tried and didn't get proof or whatever they were looking for, their opinions have low value imo.
I have been trading for over 18 years, no one on the forum "trained me". Anyone arrogant enough to claim such a thing most certainly is wrong. That said, naturally I have benefited from the forum and many of its participants exchanging ideas.
I've also refined my trading several times over the last 7 years or so, this is mainly because prior to this period I was almost exclusively a swing trader and then I got caught up in scalping futures about the time the forum started. It took me a few years before I went back to longer time frames, anyone can follow my posts and see this including any of the truly embarrassing things and mistakes I made during the period of "scalping".
I went into great detail about my struggles and was open/honest/transparent in this 3 hour webinar:
Hey guys. I'm scheduling a new webinar for Elite Members on Saturday, March 19th at 4:00PM Eastern Time US. I will be presenting, and here is what I am planning:
Start with an overview of some features everyone needs to know how to use on …
It amazes me how 2 people can think so different. If you are having success with them then I am happy for you, but that is not what I hear. Here is what I think when I read your comments. Emini Player charges $297/Month. You have been with them over 1 year. So you have spent $4000 or more, yet the strongest statement you can make is they have been helpful to me. I hope after another year and another $3600 you can make a stronger statement than that. Call me an ahole, but maybe a statement like:
I have been with emini for over a year now and my actual live account has grown 20% with their help so I am very happy with what I have been learning. Even though unverified that might mean at least something.
I do not know what there live trading room is like now, but when I was in their live trading room over a year ago, they did not take a single live trade; they only gave general advice. And worst they kept saying how they were going to start showing their live trades, yet they never did. That should probably tell you something. I stick by my statement; any vendor who is not willing to show all their trades and accurately post them, stay away or a fool and his money will soon be departed.
As far as I am concerned there is no point in back and forth between us so I am done responding.
Well, I am glad you're done, because so far you didn't add any value to this thread and only be super off-topic.
I don't know what the trading room looks like now or in past as well. I don't need to be in trading room to have someone making decision instead of myself. From what I heard from you, you were in hundreds of trading rooms, you spent so much money and yet you're not profitable trader as you mentioned before. So you go from one approach to another looking for holy grail, looking for something easy that will make you money and yet you didn't find it, that's why you put a blaim on many good vendors out there.
Think what you think I only pay $50/month for daily trade plans and recaps. I told you I am wise consumer. And that is really small price for what I get from it. And that is everything I am going to tell you, hope you will find verified vendors who will convince you they are making money and if you will be perfect monkey and do exactly what they do then you will make money. Good luck on this path. I am done with you.
Ziad has actually shown his trading statements(wins and losses). I took the course and got a lot out of it and spent some time in Awais's trading room. The only issue I had with the room is that Awais wasn't running it and the guy who was didn't take the trades that Awais did druing the day.
I have to respond because your statement is 99% fact free. I never said I was in hundreds of trading rooms. I said Dean Handley wrote an article and that he checked out over 400 trading rooms. For me I have only been in a few trading rooms usually on free trials. And that was when I started to learn day trading and was naive.
2nd I never stated I was or was not a profitable trader and I never mentioned I was looking for the holy grail more less looking for an easy path. You might try and state some actual facts next time. But as someone that has been in a few trading rooms including the one you mentioned; something apparently you have not even done; my advice is not to spend any money on a trading room where they do not show and accurately post their trades. That is it. I wish someone had told me that when I was young and naive
I could write a book on trading and most of it would deal with the psychology aspects.
Instead of your fact less statement, I will tell you my experience in trading. The Holy Grail to trading for me is too focus on the instrument you are trading and spend 1000s of hours trading and back testing. Trading is the toughest business there is and in the end you have to find your own path. And even though you have not said whether you are profitable or not I will state that I am a very successful long term investor who started to day trade over a year ago and after I started to focus on the instrument I was trading and spent 1000s of hours I am finally slightly profitable. I am not making a killing but I believe I am on the path. I took one CL trade today as shown below. But that shows no proof I am profitable, but it is a heck of a lot more evidence than you have shown.
Alright, one last post. First of all I didn't start this, I just shared my experience with their services in proper thread and got attacked by you in sense like how dare I to praise somebody who isn't transparent. Second, I repeatedly said that I am trying to help those who need it by giving them real testimonial based on positive experience and that I don't need you to accept my opinion. Third, I did acknowledge your effort several times, tried to understand your point of view, while you still keep saying same things and turning the topic far away from its origin.
I agree with your third paragraph. There is a hard work behind no matter who you follow. Awais and Ziad keep saying that a lot. They don't promise anything, actually they giving out their know-how which I am very thankful for and wanted to share that with others. That was it and even after long conversation with you I don't see a reason for your reaction no matter what your experience is. Past experience can't be used to every new situation. Each one is uniqe.
Thanks for your trade. I don't have reason to suspect you of anything, whatever you say about your trading I do consider it as a truth. I am also developing trader, trading ES. I am not loosing, but also I am not making what I'd like to make. For me it is only matter of time before I get where I want. This fact, has nothing to do with quality of OT/EP services though. It's only my issue how long does it take to me. There are certainly traders who are making quicker progress. I beg you to stop putting your anger where it does not belong. Be cautious to vendors out there, but don't dishonour those who deserve the opposite.
For all other readers, please excuse this pointless off-topic discussion. At least the lesson we can take from it is that there are many useless services where you waste your money, but there are also very good one which can help you a lot. Even though they may not be transparent, we shouldn't put them in the same bag with the rest. OpenTrader/EminiPlayer is one of those examples.
Happy trading to you all, even you rwbil, we all need it.