Day Trading Power Review

Day Trading Power
  • Honest
  • Quality
  • Verified Trades
  • User Experience
3.4

Summary

A surprising good stocks day trading room. Moderator really trades and keeps an honest daily log of trading results posted on website. Was able to copy the moderators trades with >95% accuracy. If you want to learn how to scalp day trade with a small trading account, this is a good option.

Sending
User Rating 2.8 (5 votes)
Comments Rating 1 (2 reviews)
Pros: Honest and verified results posted daily on website. Very consistent daily income. Stock day trading and scalping for small accounts. Was able to copy the trades of moderator with a high degree of accuracy. Inexpensive at only $77 each month.
Cons: This style requires either a US based prop trading firm, or a foreign prop trading firm. US based requires a series 7 license. Outside US can skirt the regulators, but you are risking your money outside the US.

Day Trading Power Review

Indepth Review of Day Trading Power

Writing trading reviews can be really depressing. Its difficult finding a gem. I found one. Today’s review is about a company named Day Trading Power. A stocks day trading room run by Chris Grosvenor out of Canada. This room originally came onto my radar in the summer of 2014. What caught my eye and really piqued my interest was the list of trades taken by the moderator. The list was long and thorough and looked great, but probably too good to be true. Rows of winners and very few losers. Admittedly, I thought that this must be a hustle. Nobody could be this good. And another red flag, if the moderator was so good, then why the cheap monthly cost of only $79?

The Review Process Begins

Late in the summer of 2014, I contacted Chris using a pen name and requested a trial subscription. He complained a little about offering the free trial, but I got it. I then had my assistant begin recording the trading sessions with Camtasia. Over the next 14 days, we collected nearly 80 hours of video recordings. We simply logged into the trading room, began recording and then stopped recording after the New York trading close. The recordings are typically replayed and processed within a couple of weeks of recording. The processing then requires that we watch the video and mark each entry and exit point that the moderator calls in the room. Each trade must be marked and then added to a spreadsheet. The spreadsheet is then compared to the posted performance on the website. Since Day Trading Power was highly active, and I was highly skeptical, the video did not get processed until December 2014.

Late 2014, my assistant processed the first week of trading video that we had captured. I was pretty amazed to see that the trades called in the room matched at over 95%, which is great. The second week we also got over a 95% match. We processed several hundred trades, which took a huge amount of time and effort on my assistants part, and all I remember was she telling me that we had found a good one. Keep in mind that she works remotely from the Philippines and her English is not perfect, yet she was able to understand the video with clarity and was able to clearly capture the trades. The fact that she could do this is a pretty good harbinger of how well a native English speaker is going to be able to follow the moderator in the trading room.

The Next Step In The Review

The next part of the review process is where we actually log into the trading room and attempt to copy the trades using a simulator. Many people would say that using a simulator is not really a realistic way to do this. However, a simulator is actually better than a real, live money account. Why? Because a simulator can be set so that no orders can be filled on a limit price. In other words, the entry and exit price must actually trade through and not just touch. A real live money account will sometimes fill a limit order, but a conservative simulator will not, which makes it a much better way to determine the authenticity and expectancy of future trading performance. Anyway, back to our simulator account and what we experienced at Day Trading Power. The first 2 days, my assistant copied each trade on a simulator and to our surprise, she actually performed better than Chris. It was not by much, but she actually got better fills on a 6 different occasions. This was probably do to the fact that Chris got a fill at Exchange A, while my assistant got a fill confirmation on Exchange B. Regardless, we were pleasantly surprised. Next step is for me spend a few days in the trading room and take a close and critical examination.

My Personal Experience With Day Trading Power

I spent the week of January 5th through January 9th sitting in the Day Trading Power trading room. I had no idea why Chris was entering or exiting, he teaches the set ups separately. All I wanted to do was enter and exit on a simulator and record what happened. On Day 1 I recorded 34 trades, with 29 winners and only 5 losers. I traded a standard 100 share lot, and made a meager sum of about $100 for the day, after commissions. Chris was trading about 500 shares average and made about $500 for the day.

Days 2, 3, 4 and 5 were more of the same. About 30-40 trades each day, with profits averaging just short of $200 for the day. This might not sound like much, but considering that I had nearly no draw down, and that the room was active, easy and pretty fun to trade, its really hard to find something to be critical about. I was really impressed that a simulator set on the most conservative settings could actually replicate very closely what Chris was doing.

One thing that sort of concerned me was the amount of commissions that were being paid out to trade this type of trading style. I emailed Chris and discovered that he spends an average of about 15% of his profits on trading commissions. Folks, you cannot make any money with this if your account is with Schwab, Scottrade, Etrade or any normal retail broker. You need to go for the thinnest possible trading commissions to make any real money with this.

Another Consideration

This is a highly active stocks day trading room. And stocks day trading means that if your broker is located in the United States, then you must either keep and maintain a balance of $25,000 or keep your day trades to three or less. Most people do not have $30,000 in available minimum money. So then this leaves two possible solutions. The first is get a series 7 license and trade through a prop firm. The second option, and the easiest option is to open a prop trading account in a another country that is not bound to US trading regulations. If this seems sketchy to you, it does for me as well.

What Does Day Trading Power Recommend?

In speaking with Chris, he uses a prop shop located in Ontario, Canada. The name is Nonko and you can read more at www.nonkotrading.com. If Canada seems a little too sketchy, then please review my United States based stock trading prop shops. They do require a series 7 but at least you have an extra layer of security knowing that the company is located in US. Regardless, I do not believe that this should not be a major hindrance to getting into the game.

Wrapping Things Up

At the end of the day, I am really impressed with Day Trading Power. Chris is honest and he really cares about his “tribe”, he takes his time to make sure everyone knows exactly what he is doing with his trades. Everything is very transparent and open, no limit order fake trading that we see so much of in the trading education community. This guy really trades, and he really does make money. Yes, he trades a scalping style that can be faster paced and expensive, but the upside is that the trading days moves pretty quickly and is quite entertaining.

Advice For The Newbie

If you take the plunge on Day Trading Power, I recommend that you start with simulator for the first week. Do your best to copy exactly what is happening. Do not focus on the why, just focus on being a clerk. Copy and master your entry and exit orders, you will thank me later. If after a week, you were able to copy and make a profit with the simulator, then I would recommend purchasing the manual which contains all of the set ups. The cost is $150, which in my opinion is hardly anything. Once you have the manual, then you can start to really synthesize the what and why of Chris’s methods.

Once again, thanks for reading. FYI, I am in the process of opening a prop account and will be trading a live account in the weeks ahead at Day Trading Power. Check back with me for an update on how things are going with my trading. And don’t forget to leave comments below.

 

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131 Comments on "Day Trading Power Review"

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erjan
Guest

hi all, i was part of Mojo day trading. he is a scammer, i made a FULL and honest review of this BS.

this is my full video: https://www.youtube.com/watch?v=u1KItogUtU0 .

watch this before you join this scam! don’t be naive. i m his former client.

erjan
Guest

lot of information about mojo in my review:

1. his customer service.
2. fake disclaimer he changed
3. assault on old golf player
4. mojo university BS

again, dont’ join this guy

gunfish
Guest

hi Erjan,
this is the review for DTP, why you put the review for Mojo? do you mean Mojo and DTP are the same trading room?

fort_roach_croach
Guest
fort_roach_croach

they are not the same, i have never tried DTP, there is no separate thread review on mojo, somebody mentioned it in this thread. so the discussion on mojo started here

Willie
Guest

Why did you take down this video? Do you stand by what you said in the video? Did MOJO Mike pressure you to take it down?

erjan
Guest

he pressured me to take it down, said he would start lawsuit on me.

Willie
Guest

I cant imagine you could get in any legal trouble for posting an honest review of your experience with a company but im not a lawyer.

sneaux1
Guest

mojo review online again

i have found the review was uploaded again

W
Guest

WOW! Glad Erjan decided to repost that. It is sad, but the truth needs to come out about MOJO Mike. He is really onto something if only somebody would dig deeper. I can’t think of anyone who would fit that bill though, as Emmett has been bough out by the man himself.

W
Guest

Part 2! LOL Erjan went in on MOJO https://www.youtube.com/watch?v=QOAq6C3PZK8

Willie
Guest

He is not masquerading. He is clinically insane.

erj
Guest

to willie: when you join the room you electronically sign a disclaimer that says something like ” i will not post negative review online”.

so if a user does, he can sue him. stupid thing.. anyways i hope this review i have online will help people to avoid this bitch.

Rob B
Member

Actually this is a big issue as hotels and every business will put in some disclaimer stopping people from posting a negative review. Personally except for a few exceptions, I think you a contract cannot overwrite ones 1st Amendment. In fact I know in Real Estate in a Lease you cannot enforce some clause that goes against the law. I will have to check but I thought there was a law they were trying to pass on this matter, otherwise I guess it will be up to the Supreme court to decide.

Interesting Topic.

Willie
Guest

What do you think about his 98% win rates? How accurate do you believe this to be?

Rob B
Member

98% win rate. He must be micro scalping for 1 tick. Win rate means nothing as the 2% lose rate can wipe out all the wins and your account. Go for small little gains with hugh stop losses and you will have a high win rate. Tells you nothing about profitability. In fact when I see a super high win rate I think super high commission costs.

W
Guest

Rob makes a good point and its important to consider these factors. Not enough traders do.

sueyou
Guest

typical. The worst of these scammers result to thug and fear tactics. I remember David Kuvelas of oiltradingacademy.com often threatening every trading forum he was kicked out with lawsuits. Often mentioning how he would knock offender’s teeth down their throat LOL.

“sue you, and you and you ….. ……”

W
Guest

I dont think the court case would turn out well for MOJO

Jon
Guest

Yes, Mojo Trading is not only a scam..he is totally mean to people in his chat room and all he does is try to get you to pay more money for his classes.

Seriously mean guy and didn’t make any money. I also suspect the traders he keeps talking about who he claims made money are fictitious.

Craigthinks
Guest
Craigthinks

Thank you for the reviews, It is saving my lots of time looking for honest trading advise.
I would like you to remember that the taxes are a pain with this many trades too. You need to record every day in spread sheet or some other method. $5 -7 dollars per trade very low and lots of risk for little money. I heard about a trading school in Austin Texas trading like similar.

arnold
Guest

daytradingpower looks the same as mojodaytrading.com I think its the
same guy, the website is the same setup.

Mojo sucks
Guest

Mojo blows

mojo scam
Guest
I have been following Mojo day trading for about a week. So far, he has entered trades below prices that were ever reflected on my IB account, told the room repeatedly that he entered and exited trades .01 to .02 cents above the highs and lows (backdating his entries and exits), and constantly refers to his imaginary friend named Alan. Google his name with the word assault (Michael Rich assault) and you’ll get to read all about him beating up some 65 year old guy on a golf course with his golf club(picture included in case your wondering). Hey Mike,… Read more »
Bob Teasy
Guest
completely agree he is full of shit, disrespectful to anyone who disagrees with him and will ban you on a whim, it’s all a sales tactic to pressure you into joining. I believe he makes ALL of his money suckering idiots to join his group and pay him $100 to $150 month (extra $50 for swing trades which are usually 60% red until the last day of the month when he miraculously labels 95% green! Most are at 2 cents above buy so unless you are buying $50,000 worth of stock there is little to no money in the trade.… Read more »
Mike
Guest
Mojo Day Trading SUCKS! Sure you need a prop firm to trade it and that is fine. The horrible part is Pro Trader Mike is an asshole, thinks everyone is going to steal his shitty ideas that he stole from books claiming its his strategy. I took mojo university, what a waste of money. the 6 months I was with Mojo I actually won on his trades about 1 out of 10. He even emailed me giving me free months of his service if I write him a good review and that’s the only reason I was there that long…… Read more »
Rich
Guest
Can you say SCAM! He has a “free” xmas special on for a week this week Dec 21-24, 2015. I joined at 11:30 am to check it out. Apparently they are done by 10:30am daily :0>. In any case scrolling through the chat I could only see PTMike’s commentary and it was VERY vague about entry and exit points, if no one else saw this I am very concerned all he was saying is sold at x price, but without an entry the trade can not be verified. After calling him out on why he was not disclosing entries just… Read more »
Rogue
Guest

I tried mojo last year for a month, pure nonsense, cheap low volume stocks with .25 spreads…the BS in this industry is mind boggling.

Mojo is a Fool
Guest
Mojo is a Fool

Agreed on of the biggest crooks out there! Ive watched him kick people out of chat then brag about how he wont refund there money. When he loses on a trade a just hides it, and when you ask a question about that trade? He claims your raising a red flag, and kicks you out of the room. He is not professional at all. Even beat up a old guy at the golf course with a golf club Google Michael Rich youll see. Not recommended a complete fraud

Willie
Guest

Shame on Emmett Moore for letting innocent sheep be slaughtered by ProTrader Mike and his nonsensical obsession with SUNE.

MOJO does suck
Guest
MOJO does suck
OMG does Mojo suck. I was a member for about 3 days until I just couldn’t stand another minute of it. It’s run by an effeminate douche named Mike that blurts out a number of entries right after the open and then walks off to practice his golf swing while the newbies accounts are blowing up. Needless to say I never took one of their trades. I watched in horror as newbies tried to get out of trades that they were upside down in by 2% after the the douche called it. Instead of helping, Mike goes to his minion… Read more »
Puck
Guest
I agree, it’s a 3 card Monty Game, he tells people to Buy things he has already bought, getting him out of his position. All the while “Trader Alan” says he made money every day and on every trade (3 Card Monty like) Anyone who says they lost is ridiculed and told to take a $1,700 course to improve their trading (a series of pre-recorded Videos) Also he has however many fake people in the room it takes to get to 100, yet only 30-40 people take the Poll, and if someone says they lost on the Poll, they redo… Read more »
David
Guest

About mojo, you said the mojo university just let you watch pre recorded videos. Was it worth it? Thanks so Much

Jen Patterson
Guest
Jen Patterson

Hey guys, just wanted to weigh in on the comparison between Mojo and daytradingpower. They are definitely not the same. Chris rarely scales into his trades by adding more shares to his picks when the stock moves in the opposite direction whereas the Mojo guy is always adding more and more shares and is much more difficult to follow.

Willie
Guest

They are clearly not the same guy

Javi
Guest

Hi Emmett,

i have a few questions for you. At what time do they open the trading room ? Until what time do they trade ? Can you trade only one or two hous ? What time frame do they trade ? Did you find any Prop Firm with .003 per share ? Thanks

Robert
Guest
I joined the room a week ago after reading Emmetts review. So far I have had a reasonably positive experience and made a little money. The trades are posted well in advance unlike some of the futures rooms ( trade mission and tradermakers). Also the flexibilty in position sizing – it being a stock room- gives it an advantage over futures trading. My account with Interactivebrokers has almost 40,000 segregated for equities , which allows enough enough size for now but I may add another 30,000 if I decide to up my targets. At any time there will be zero… Read more »
Jay
Guest

Robert, how has your experience been for the rest of February? How about you Emmett? Thanks

Robert
Guest
Not quite as good as my first week Jay. I had some major losses early on one day (over $600)- which was honestly admitted by the moderator- and wasn’t up to taking more trades . But the room went on to get back most of the money that day (minus me:( ). Another issue that rubs is that most of the trades are for small amounts whereas I prefer to look for larger runups: an imbalance between my inclinations and how most of the trades are run. Also I am more of a breakout trader looking to get onboard as… Read more »
Jay
Guest
Thanks Robert for the very detailed response! i was only able to try them for a short period but they seemed pretty legit compared to others out there. The only thing that kind of put me off was the disclaimer that basically says the trades are simulated? , ” CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF… Read more »
Greg B
Guest

Hey Rob,
I agree that a lot of his trades are small scalps, but I thought I should mention his co-moderator Matt is a gap trader, and has a good gap play almost every morning for a large scalp. So I’m getting the best of both worlds for my money. I’ve been in several rooms but this is the only room I have ever made money with. FWIW. Anyways DTP can have a losing day here or there but I’ve never had a losing week. Are you still trading with him?

Ben
Guest

Hi Emmet,

Could you please advise on any trading simulator to follow his trades on live?

Thanks

Martin
Guest

Hi Emmett

Thanks for all your reviews. I have been missing a site like this for a long time.

Ben
Guest

Hi Chris , did you open a prop account and started trading live with DayTrading power?

Thanks

1 Pink Panther
Guest
1 Pink Panther

been trading with DTP since day 1
quit my job to trade full time with him
proud to be one of the DTP 100

Martin
Guest

1 pink panther

Are you using nonko or IB? I’m going with Nonko maybe, but are not happy with the bad reviews. Overall they have a nice support, but there is no security.

I bought the DTP Lessons, and so far it is cool stuff.

RV
Guest

Wow Pink Panther that is one heck of an endorsement, Do you mimic the trades given or do your own trades? Can you really make a thousand a day mimicking them?
Tnx.

-RV

Jay
Guest

Hi Emmett,

Did you ever do any more live trading with Daytradingpower? and if so how were your results?

Thanks

RC
Guest
Emmett Moore  May 9, 2015 I do not believe that Chris is able to execute these scalp trades on low float stocks. Furthermore, I do not believe that a legitimate record of trades exists. Chris accepted monies for his service, and he claims that he made these trades in his personal trading account. Let him prove it. End of discussion. I would like to reprint your quote here Emmet in an attempt to prod Chris to produce proof. Nice guy or not I have my doubts as well. What do you say Chris? This would be a great opportunity… Read more »
Bo Jones
Guest

I joined DTP 2 weeks ago and disagree with your comments. I have logged most of Chris’s calls and they match his results charts and my IB trades report. Yes, lots of calls and I can’t follow them all with 3 at a time my limit. Most of the calls are made well in advance with only a few needing instant response. I’m relatively new at this and have a lot of years behind me, DTP works for me. Making money and enjoying doing it.

matt
Guest

Wow DTP prices shooted up so much. more than a double. thats a shame! Now the question is whether its because the service is great or just another money making from subrcribers?

Toby
Guest
Matt If this helps. I was one month in Chris room, December 2014, he is genuine, Made some money with him. He calls most of trades in advance, you will have time to prepare. I quit because it took to much of my energy and focus and I have better results trading alone. But mainly, mirroring someone is not my style. Quickly get bored with that. I only trade TQQQ/SQQQ and XIV/VXX, and have more time and energy to focus. You can always ask for a free one week trial, and see if his service will be any good to… Read more »
patientbird
Guest
patientbird

I was interested in checking out DTP today. However is website is disabled today??

Says..
My Sites Templates Wix.com

Looks Like This Domain Isn’t
Connected To A Website Yet!

Martin
Guest

Website is down during hosting changes. Was told in the room yesterday.

Jay
Guest

Hi Emmett,

Did you ever end out joing the site and trading with a real money account? If so how have your results been?
Thanks very much

Amarjit
Guest

Would be interested in hearing any views on the book/course (price is now $349). In particular whether it has enough substance to help develop a more personal strategy derived from DTP rather than being in the Live room all day long. I.e as mentioned before..avoiding thin stocks, less frequent trading to avoid large commissions etc.

00yea00
Guest

Emmett,

I’d like your brief take on DTP still endorsing the use of NONKO – as recent as last week, they continue to further their partnership with Logix (http://www.pr.com/press-release/623770) despite all the ongoing controversy.

Thanks in advance

Alexander
Guest

Chris is involved with the NONKO fiasco, hiding and not answering questions possible under investigation by the regulatory agencies. No brokerage statements, the performance shown on his site is pure video game fantasy does not account for commissions and taxes , over 50% of what he shows goes to commissions plus wherever your tax rate is and the video game fantasy will show you how to lose not only your $$$ but most important your time. Just another money making scheme from subscribers, “courses” and the NONKO fiasco

Rob B
Member
Alexander, It is impossible to just find a trader that shows their actual true entries and exits and keeps their DOM up so you can see the trades and P/L. Even though each trader’s commission will vary I do think an honest trader would show commissions, as that can be a major factor in whether they are profitable or not. I think if most people could find a truly profitable trader that did that they would be happy to pay the taxes from their profits. You can not expect any trader to show after tax returns, that would be like… Read more »
Alexander
Guest
Chris has lost over 100K “day trading” within one year period, that’s a nice “tax write off”. Trading is a business not a job (the brokers are the only ones making the $$$), I would love to prove Burton Malkiel wrong, so far he is winning. You have guys like Jim Dalton that after “40 years of trading experience”, he will show you the secrets for $2000 or $3000 bucks (a sad affair) and younger horses like John Carter making couple of millions by selling “indicators and courses” . It’s a confidence game and sheep are too dumb to understand… Read more »
Rob B
Member
So many day traders I talk to have such an unrealistic expectations of day trading. They think they will make a living off a $5K investment. There return on investment is just fantasy IMO. I have never tried Chris’s room and have no opinion on it, but if you have concrete evidence he lost $100K last year. Then you should put together a spreadsheet showing all his trades and the actual results with commissions and etc. This would be helpful to all looking for a room. Or if you do not have that. Do his room for a month, make… Read more »
Alexander
Guest

Chris told me told me himself he’s lost over $100k day trading, he also does his own taxes and used to work for a bank in Canada and stopped answering questions after the NONKO fraud as he pushed this fraudulent broker very hard in his trading room and site.

ShirleyD
Guest
Chris is a fraud. I was in his room for 6 months. He owes a lot of people an apology for pushing that Nonko fraud. But good luck getting one because it ain’t happening. Furthermore his trading is garbage and those results are fictitious. When he takes a huge loss on a stock he’s day trading he’puts it as a “swing” trade loss and not a daytrading loss in his results. If you like losing money then this room is for you. Karma is catching up to him for his dirty and dishonest Nonko shananigans. I’d be worried about the… Read more »
Rogue
Guest

That seems to be the average shtick coming from all these guys, some sob story of how they lost x amount of dollars or the other side of how they turned the few pennies they had in their piggy bank into a gazillion dollars. The shit is nauseating.

Victor
Guest
Hey Alex, its funny I’ve been in Chris’ room since day 1 and I made lots of money and I’m prepared to prove it. Another funny thing is I don’t remember there every being an “Alex” in the room. Yes Chris has admitted to losing over 100K in a year day trading, but he’s made it very clear time and time again that was his very first year day trading and his motivation now that he is successful to help traders avoid those pitfalls and become profitable. There’s no doubt in my mind you are just a troll from another… Read more »
Alexander
Guest

Alex is my nephew, Victor show me your brokerage statements and tax returns to prove you are not a fraud.
Chris is liable due to the fact that he received $$$ from the NONKO fraud, that is not going away.
To any trader that has been affected by the NONKO scam that Chris pushed very hard on his chat room and site, take action by filing a complaint
FTC Hotline:
1-877-FTC-HELP (877-382-4357)
SEC Hotline:
1-202-551-4790

ShirleyD= patheticmojomike
Guest
ShirleyD= patheticmojomike

ShirleyD, you are obviously Mojo Mike Rich in disguise. Pathetic. Chris is a winner and big time. Your the phony. For every negative comment you put on here disguising yourself, I will get a room member to post a positive one Karma will get you in the end. Happy to see you lost your twitter account lol. Loser.

ShirleyD= patheticmojomike
Guest
ShirleyD= patheticmojomike

Don’t forget to file a complaint against Mike Rich from mojodaytrading.com also as he was the trading room owner that started promoting Nonko the most in the first place. At one point Mike had over 100 traders with Nonko. If you traded with Mike in the past and had a Nonko account, please make sure Mike gets reported also as he is a US citizen he is heavily liable.

Toptrader
Guest

Still I think the fact that Chris was pushing people to nonko and banking the commissions was wrong!

Main Hun Don
Guest
Main Hun Don
Firs off let me start by saying that Chris at DTP is an excellent trader but that’s where this story ends. When Chris is not in the room identifying scalps the room is dead and no money to be made. Secondly the scalps are very small. On Oct 9th we traded around 20 times with a net of $300 total for the day excluding commissions. The max on a winning trade was $60. The worst part of this trading room is Chris’ protege someone called MBA George. Day 1 while Chris was away for a lunch meeting with Grandma, MBA… Read more »
Rob B
Member
Main Hun Don, Found your comments interesting. Maybe Emmett is grading on a curve. Most Trading Rooms are such a complete joke, even one that seems half way honest is a 5 Star. But I do think you have a point. Maybe there should be some stated criteria by which star ratings are given. After all what is the difference in a 3 star .vs 5 star. My guess is there are sooooooooooooooooooo few even 3 star rooms; Emmett has not worried about it. In fact in my opinion most of these rooms deserve minus 5 stars. But I am… Read more »
Juxtaposition
Guest
Juxtaposition
Main Hun Don , I just spoke to George online and he told me about this post. To which he was laughing hysterically at some of the things you pointed out (primarily the “missed it” and “pizza” comments. MBA George is tepid on trades, I will give you that, since he doesn’t gamble on entries, rather uses specific tools to target his entries. However, he did not cost the room $200. In fact, to his merit, there has only been 3 to 4 trades since he has been a mod in which he had to average down a bit to… Read more »
Trader Bo
Guest
In reply to Main Hun Don, first of all let me say that I am a member of a few rooms for a few different reasons. Chris’ DTP is one of my rooms I’ve been with for a long time. I find it unfortunate you are willing to call his room a bust based on a small sample of George’s trades. MBA George has only been calling out trades for 3 months, and he averages maybe 1 trade a day alerted vs the 20-30 you get from Chris every single day. George is not advertised as a protégé, he is… Read more »
Ellen B
Guest
I signed up for a lot of trading chat rooms and decided I would spend the money initially to weed out for myself what worked for me and what didn’t. Out of about 10 chat rooms this is one of the two I am keeping. Everything is user friendly for a new trader like myself. The bids are announced and posted before the trade, and clear exit and target amounts are also posted. This is one room I can follow and duplicate on 90% of the trades. You do need cheap broker fees because when you are in and out… Read more »
Andy
Guest
Does anyone here believe that someone claiming that they can profit consistently week after week month after month with no fails would bother opening a chat room? Also when they post results, why not just post actual trade logs from their trading platform? Why the spreadsheets that can may be fabricated? At least I was not able to get ones from Day Trading Power. I believe that trading can be profitable, but it is almost impossible to make “sure” income.With tested and proved strategies people would inevitably suffer drawdown at unknown time, not to mention mediocre or even lousy traders.… Read more »
Andy
Guest

Test…
I got two posts not visible. So there is a strict policing on this site??

Joe Smoe
Guest
Hey Andy, I am actually a member in the room. Chris is a very skilled scalp trader. The results posted on his website are very close to actual trades he calls out in the room. Why does he not post actual brokerage statements? Well the obvious reason is he doesn’t want you to see commissions and slippage. The slippage is real, and is likely to become more of a problem for his subscribers in 2016 as he strives to bump everyone up to “1,000 shares per trade!!” yikes, you heard that right! Even if you have a small account, Chris… Read more »
BigLou
Guest

Joe,
how liquid are the stocks you guys are scalping? Are they triggering long and short on momentum or TA? I guess its up to the trading strategy and risk management, I hope they are not penny pump and dumps on those 1000 shares. GL

Joe Smoe
Guest

bigLou,

Most of the stuff they trade is pretty liquid. They will trade stocks as low as $2, but they are def not penny pumpers. They will typically rather buy Fibonacci pullbacks on any pumps. Not enough power to initiate a pump really. they also seem honest enough not to do it.

Henry
Guest

Hi Joe Smoe,I have a question concerning account size. I am guessing most people in Chris’s room have account size larger than 25K ( minimum required to day trade, if they are US residents), won’t him bumping everyone up to 1000 shares per trade not have any significant impact? 25k account has a lot of purchasing power.

Jake
Guest
Has anyone here purchased the course (Daytrading Course: Learn the DTP System – $349) and viewed all the components of it? If so, does it accurately teach what he’s doing each day in the room, and can it be replicated without Chris being present? I’m in the business of learning how to trade this scalping style, not to simply mirror him. Why don’t I want to mirror him, even if it works? For one, I’d like trading to become my primary source of income, and I’m ready to work hard for it. Two, I have pride in my income and… Read more »
Mike
Guest

Jake, Your not going to learn anything from his course that you can’t learn online yourself for free. I took it last year when he offered it for free. His strategy is basically making 10-20 trades a day to make a profit. There are better and less stressful ways to trade. I would not recommend his course or “system”. He used to brag about making 1-2k/day on stocktwits and now he makes a fraction of that if you look at his self reported “spreadsheet” results (which don’t even include commissions).

Jake
Guest
Mike, Thanks for the info! I’ve also noticed that his winnings are much smaller than they used to be, but he’s also significantly lowered his position sizing. I’m not sure why – maybe it’s because his room is getting more and more popular, and he’s trying to make it easier on his subs by using a size that they can relate to. Or maybe it’s something completely different. Either way, his statements show some pretty good accuracy and consistency, even though he doesn’t show commissions. I’m also aware (like, surprisingly, a lot of people aren’t) that having a broker that… Read more »
Mike
Guest

looks exactly the same as what I remember from a year ago. Just Google most of the topics yourself and you will get better info than what he offers for $349, the ones with silly names like slippery peet and infinitrend have no value and I don’t think he makes $ using them but I guess it makes it seem like he’s offering something unique and of value. I actually thought the other guy in the room bones who’s also has a course was a much better trader than him. I never took his course though.

Jake
Guest

Okay, I see what you’re saying. Thanks for the info, I’ll do some research and continue to look around. Any recommendations for good courses out there?

Jake

TraderD777
Guest

Jake… i would highly recommend taking a look at the SamuraiTrader course… look up SamuraiTrader on youtube… if you find it interesting… shoot me an e-mail and I can give you some details! Good Luck and Happy Trading!

sam
Guest

I gave it a trial. Way too little to be worth it trying to trade like that the whole day without counting commissions and going for such small scalps often like Warrior. So the only way to make money is if you are the host trading and also getting monthly subs. not worth it imo, irrespective of history of previous success. Maybe the stock market isn’t sclapable anymore the past few years.

gunfish
Guest

hi Joe and who had ever in the chat room:
in the chat room people just follow the instruction Chris gives out and can make money by putting the limit order or market order?
does anyone has the idea that how many subscribers in DTP chat room? more people with more buying /selling power will definitely affect /decrease the opportunity to make money if every time all people are buying /selling the same one stock.

gunfsh
Guest

hi Emmett,
if this DTP has really more than 85% of success trading rate as you verified, why he want to run this chat room and only $100 +/month per person? only $10k/month even there are than 100 subscribers? why not he keep his strategy himself and make more money himself?

sam
Guest

I took a trial. I counted on average about 50 or so members in the room. The winnings were on average barely breaking $100 a day not counting a lot of commissions sometimes just breaking even. I didn’t see the 85% success rate. Yes, it has been a terrible market starting this year. It was fair enough that the entries and exits were called out and the results updated on notepad window on the desktop. Unfortunately I felt it wasn’t for me and discontinued.

Joe
Guest

I use Trade Ideas scanners. They have the best trading software in the market in my opinion. They also have a free trading room that is live. Can’t go wrong with that. This has been a life saver and I recommend them to everyone I know. http://www.trade-ideas.com/

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