Anyone have any opinion on this technique? Home | Trade 2 Live. Looks like it is a martingale technique with tape reading,, ioamt.com is another one of these.. Followed ioamt for a while.. really good until the big trend day hammers u ..
Finished my 4 day demo of live trading room open about first two hours of trading.... Room made money every day ES, even though all trades were against the trend, not by design, just what market action gave ya..
Thomas was a master of adjusting his position by starting out small 1 or 2 contracts, then adding contracts as the market went against him then taking off a few tics here and there . Saw as many as 10 contracts open at once but would take each one off at a few tics on the backing and filling.. Took a big gulp when he put in a 5 Lot to double his position to get out of trouble,, balls of steel..
The equity curve was a wild ride up $500, down $100 but after about 40 trades in two hours showed a profit. The best I saw was $500 but after commissions was $300 take home pay and the broker took home $200.. If I were a broker I would pay a trader to take training ($2300) to get in on this high broker commission action from this technique...
The charting package was Sierra charts and was using DTN data. even though they would help u set up other charting packages like Ninja...
For me I cant come to grips with the high commissions per profit (around 30% commission overall), just one more thing stacked against me in being successful right off the bat.
Seemed to be a lot of risk to take home $300.....
Thomas, mentioned one could do this with a $5000 account but I doubt u could be successful, and run out of bullets too soon, then ur dead..
The following 5 users say Thank You to gg80108 for this post:
Well, i have very old history with this scammer going back to his now defunct www.eministrategies,com where I lost over $6000 including $2000 for his crappy strategies Momentum and Reversion
I took the 7-day free trial for the emini scalper in which he set up the VPS for me with the strategy including all the settings that are supposed to be conservative 5 minutes chart
It lost money everyday
Last Monday it lost $925 in one trade
They e-mailed me in the afternoon with a screenshot showing a profit of $875 which enraged me as I'm already watching the strategy loses money everyday and specially on Monday it lost $925 so I e-mailed me back a screenshot of the losing trade which is of course not part of their track record
As with George strategies, all lose money, the only money he makes is by selling strategies to good people
Do I read this right that you lost money a long time ago with this room, and now did so again?! Always do your own due diligence, but if it helps...
As the prior post was a couple of years ago, one thing to always keep in mind that rooms/traders change their affiliations, so if you decided to try them based on the review before yours re: a trader named Thomas, it doesn't appear that Thomas is with that room anymore. Trade2Live ? About Us
Thomas would appear to be Thomas DeLello, as I watched him many times a year or two ago - I think in his own room - and that style of trading matches him. He seemed legit (showing DOM, if I recall), but not my style. Yeah, here's a listing from a couple of years ago: Welcome to OnlineTraderCentral.com
If he was the reason you gave Trade2Live a look, Thomas can be found at his own room; again, not my cup of tea, but if you're interested: Who We Are | OrderFlowEdge
Fwiw, here's George from Trade2Live's info from NFA, if interested: BASIC Details
I don't know anything else; couldn't find my 10 foot pole. Not surprised with your latter experience from his bio, having company after company, IB after IB. The Trade2Live website's bio on him it says he sold his IB business in 2011 to focus on trading (though that company was a managed funds and trading company, too). Per his NFA listing that business he left in 2011 has a status of "No Current Status"; maybe a purchaser changed the name. He was briefly affiliated with another IB in 2013, too. BASIC Details