This webpage
is dedicated to common questions sent to TheStrategyLab
via email and/or private messages about our trade
methodology involving our free resources and fee base
resources.
Also, we highly recommend you join
our discussion at the free TSL Support Forum to ask
questions at the below link if the info at this FAQs
webpage doesn't answer your questions.
http://www.thestrategylab.com/tsl/forum/viewforum.php?f=90
With that said, TheStrategyLab is
proud of the fact that we've freely helped hundreds of traders via
either improving their knowledge about trading and/or
improving their profit level without trying to get them to
purchase any of our fee-based materials and without
mentioning we are traders/vendors. In addition, we've been
online since 2002
and most of our clientele are via word of mouth or Google
search engine. Further, we do not advertise our services at other
online locations nor do we spam other online locations
which is another reason why there's very few discussions
about TheStrategyLab.com elsewhere online except for
mischaracterization posted by trolls.
In fact, a lot of traders are not
interested in our free chat room nor interested in our
live screen sharing...its a distraction to their trading.
Instead, they prefer to talk to us about trader
psychology, behavior finance, algorithms in today's
markets along with other aspects of trading that they
believe is impacting their trade results. I freely discuss
these topics at other forums and will tell traders that
they can review these topics at other social media sites
but do not ask us questions about our education resources
at those social media sties for traders like Twitter, Stocktwits, TradingView, other trader forums and
other chat rooms. Instead, just copy the link or info and
repost it @
TheStrategyLab
forum and then ask us questions about that topic.
These types of trader
talk will give
them a good indication of my professionalism,
communication skills, trading tips and ability to
understand problems along with providing resolution for
many things related to trading without discussing services
by TheStrategyLab. In fact, most traders I talk to are
not aware
that I'm a also a vendor because I don't advertise to them
nor do I bait them into asking questions about my services
at those other forums.
In fact, the only negative
discussions about TheStrategyLab website or
about our services have been started by trolls
that do not post verification of their own trade
performance. Yeah, some trolls are obviously
trolling TheStrategyLab after
they were banned from our resources
while other trolls are angry because I hold them
accountable via calling them out about their
unprofessional / bad online behavior in their effort to
gain attention / importance from anonymous others.
Question:
What exactly is TheStrategyLab
website or its purpose ?
Answer:
We are an education
website and a
research / development website
for market analysis and trade strategies. Hence the phrase
"Lab" in the name TheStrategyLab. Simply, we educate traders about
the price action they're trading involving many different
trading instruments.
To
be specific, TheStrategyLab helps traders to merge our price
action analysis called WRB Analysis with their trade signal
strategies. Also, some traders request help from us to help
them design their own custom trade signal strategies that
uses price action concepts from WRB Analysis.
Simply,
WRB Analysis is an analysis...not
a trade signal. You can use it with anything that produces
WRB intervals, WRB Hidden GAP intervals, contracting
volatility intervals, volatility spikes, swing points and
strong continuation price actions. Trading in our opinion is
part science,
part psychology,
part art
and those using our trade methodology only have access to
the part science aspect. To be up front, we do not believe
you can be a profitable trader via technical analysis alone
and nothing else.
TheStrategyLab are not programmers,
not coders and
we do not
use any automated trading systems nor custom indicators.
Yet, many users of WRB Analysis have merged their own
trade methods involving indicators, price action patterns
and proprietary trading systems with WRB Analysis.
Further,
the trader must interact with us and discuss how they trade, they
must share with us chart examples of their entries / exits
(I don't need to know the details of their trade methods)
and share with us screenshots of timestamp trade fills
(simulator or real money) in their broker trade execution
platform so that we can provide proper support to help them
improve the results of their trading. This type of
interaction will help them and us to identify problem areas
in their trading. Therefore, to use WRB Analysis...you can
not just download the information and disappear (not
communicate with us) and then expect to be a profitable
trader.
Thus,
you must communicate with us. In fact, since 2010, you will
need to share with us verification of your learning via
DOKs involving WRB
Analysis and verification of your application of WRB
Analysis via screenshots of timestamp trades fills
(simulator or real money) in your broker trade execution
platform because its the only way for us to determine if
you're properly using WRB Analysis with your trade signal
strategies or with our trade signal strategies.
You must also share with us your backtest results,
statistical analysis or broker statements prior to learning WRB Analysis and after you've learned / applied WRB
Analysis. This will allow you to determine the merits of WRB
Analysis via comparing your trade results before / after WRB
Analysis on your own for your due
diligence. In
fact, we've setup a private thread
section at our
forum for you to post this information without others having
access to your private information to help reduce trolling
of members of TheStrategyLab.
(click on below verification
of trade performance screenshots to review large image)
|
|
|
|
|
|
|
TheStrategyLab wrbtrader
Price Action Trading Broker PnL Statement |
|
TheStrategyLab wrbtrader
Audit Trail |
|
TheStrategyLab wrbtrader
Trade Fills Window |
|
TheStrategyLab wrbtrader
M.A. Perry Broker Statement |
The
above different redacted screenshots represent different
ways I verify my trade performance just one single trading
day from my private trade journal of
hundreds of trading days. There are more (different)
verification screenshots for the above exact same trading
day from my other two monitors, laptop that contains my
chart configurations for WRB Zones, correlation analysis and
intermarket analysis...annotated with WRB Zones and WRB
Analysis Pivot Points.
Also,
there are documentations of my interactions with other members of
TheStrategyLab that were trading correlated trading instruments or
trading the same trading instrument that I traded on that
particular trading day...info that will never be shared except for the real-time
posted trades in the free chat room. Just as importantly,
other users of WRB Analysis are doing the same in their
private threads here @
TheStrategyLab.
Further, these interactions (e.g. free chat room, private
messages, live screen sharing) are critically important in
my daily trading results because often a member will notice
a change in supply/demand or
change in volatility that I had not notice. All of this info
are stored in my private trade journal
and not shown for security & privacy reasons except for the screenshots
(images) I've redacted / copied / reposted here @ TheStrategyLab.
I
mention this because I don't want anyone to assume in error
that I'm trading via the above first screenshot image only and
nothing else. In fact, many users of WRB Analysis have
stated that they do not
care about my documentation via screenshots to verify my
trade performance because they're more interested in real
time price action analysis via WRB Analysis info from myself
and other veteran users of WRB Analysis because it reveals
to them the importance of documenting their trading. It
gives them critical feedback about their trading that they
can not get from a single screenshot of a broker statement.
In addition, the documentations must involve chart
configurations for
the above single trading day as I navigated from trade to
trade.
Simply, they know that I use a multiple
monitor configuration
for my trading information and I make screenshots of this
several times per trading day...its directly connected to
how I interact with the markets that I'm trading on that
specific trading day...info more valuable than a broker PnL
statement or broker statement.
(this is not
my multiple monitor setup)
Think about this carefully, if someone is trading via a
multiple monitor setup and he/she only show a broker
statement, broker PnL statement or
just one chart on Twitter,
Stocktwits,
TradingView,
forum or chat room...don't be naive and think that's all
there is to trading. The same issue exists during live
screen sharing or live streaming...viewers can not see the
other monitors.
Something else that's very important about verification of
trade performance via screenshots...take a closer look at
the last screenshot image above...its my
actual broker statement.
You will notice that my broker is just like many other
brokers that send out the statements to their clients late
in the evening / at night...they only show trade fills,
commission & fees without the timestamp of the trade fills.
This
is normal policy with most brokers which is the reason why I
put more value on screenshots of the timestamp trade fills
in the broker trade execution platform that the trader can
take immediately after their trading day has completed as
represented by the above first three images for my trade
performance on that particular trading day.
The timestamps trade fills in the broker trade
execution platform is the only way to determine if someone
is following their trading plan and is the only proof a
trader needs when debating with their broker about a
problematic trade fill.
This is the primary reason why I tell users
@ TheStrategyLab
to post screenshots of timestamp trade
fills (simulator
or real money) from their broker trade execution platform if
their broker statements do not contain the timestamps. Its the
only way for me to determine if they're using WRB Analysis
correctly or not in a live trading environment. This is why
I'm critical of traders at other forums, chat rooms, Twitter, Stocktwits or TradingView that spell out their trade
strategy but then only show broker statements with no
timestamps...we do not
know if they're really following their trading plan or
just gambling.
Now you know why there's a big emphasis on screenshots of
timestamp trade fills in our private
thread section
@ TheStrategyLab.
Private
Thread Section @ TheStrategyLab
(click on image to review TheStrategyLab
Members Private Threads)
http://www.thestrategylab.com/images/thestrategylab-members-private-threads.png
Many users of WRB Analysis that are registered at our
forum...they are posting this information about their
trading in their private thread very similar to the verification
of trade performance screenshots shown above that we copied
from our private thread and then redacted. Yet, although the
above verification of trade performance are redacted and
other trading days verification are randomly posted in
different areas of this website & forum...some
verification information will never
be shared for security & privacy reasons.
TheStrategyLab has done the posting of real time trades,
live screen sharing meetings, screenshots of broker
statements, screenshots of broker PnL statements,
screenshots of audit trails,
CME audited trade competitions, shared backtesting
results although we use no automation trading systems nor
use any custom indicators...at some point you got to say NO
and put the naysayers, haters & trolls on
ignore.
Further, we do not share any content from our members
private thread due to our own security & privacy policy
except for some members that posted public screenshots of
their broker statements
prior to 2011 when
I was still creating the private thread section.
The theme @
TheStrategyLab since 2010 is that traders using our
education resources must post verification of their learning
/ application of WRB Analysis in their private thread. Those
that do not are eventually identified and weeded out of
TheStrategyLab but they are welcome to return any time they
want when they're able to post similar like verification
information like the above & below except for those that
have been banned for violation of our terms of use policy.
Question:
(click
on image to review trader profile at Futures.io)
Futures.io wrbtrader
Trader Profile @
http://www.thestrategylab.com/images/futures.io-wrbtrader-profile.png
wrbtrader Message Post History at Futures.io @
https://futures.io/search.php?searchid=10345773
I've been using your forum and
website for over 10 years. I've seen you post your trades
in real time for many years and I was a member of your
live screen sharing that we all had our broker trade
execution platform live in front of each other when trades
happen live. I've then seen you post the same trades in
the chat room while managing the members in the chat room.
Next, I've seen you post redacted
screenshots of the trade fills in your broker trade
execution platform in your public trade journal, private
trade journal. I have seen many members post their trades
in real time too and I have read the archive chat logs for
the days I was not in the chat room.
I've also seen your redacted
statements in your trader profile at other forums like
Futures.io, Traderslaboratory.com, ForexFactory.com and in
your social media profiles like Twitter, Stocktwits and
TradingView for many years.
Why
do people say its all faked ?
Answer:
Jealousy
and trolling which is why I have a private thread
section for members and myself to minimize the trolling. In
addition, the jealousy and trolling is usually by those that
do not post their own verification of trade
performance.
Question:
Is there a way to determine the reliability
or usefulness of TheStrategyLab's strategies prior
to purchasing the strategies?
Answer:
(click
on image to review trades posted in real time by users of
WRB Analysis)
http://www.thestrategylab.com/images/thestrategylab-review-wrb-analysis-chat-room-members-020708.png
Archive Chat Log @
http://www.thestrategylab.com/020708FuturesTrades.htm
Yes...we offer
free resources
for you to review and then apply to determine the usefulness
of WRB Analysis @
WRB Analysis free Study Guide
(analysis) and Volatility Breakouts @ Fading Volatility Breakouts. The WRB
Analysis free study guide is designed to help improve the
performance of your
own trade strategies and/or improve your understanding of
the price action you're trading so that you'll make better
trade decisions.
In contrast, if you don't have a trade strategy, you can use
our free Fading Volatility Breakouts strategy with the WRB
Analysis study guide so that you'll see how we merged a
trade signal strategy with WRB Analysis. This is an
important step in the free resources so that you can do your
own due diligence
and learn how to merge your own trade signal strategies with
WRB Analysis. In addition, we offer @ free chat room for users of WRB
Analysis to post their real time questions, real time trades
or real time analysis involving WRB Analysis Free Study
Guide or the Fading Volatility Breakout (FVB) trade signal
strategy that's embedded with WRB Analysis.
Most users of WRB Analysis have
determined that WRB Analysis is useful. They use its price action
concepts either in their entry signal, exit signal, trade
management (stop loss, trailing stop), profit target,
trend analysis, range analysis or volatility analysis.
Yet, we have no problems in admitting that some users did
not see an improvement in their trading because their
trade signal strategy did not work with WRB Analysis.
Therefore,
if you're going to use our education content, you'll be
required to
learn and apply the WRB Analysis free study guide
prior to the
purchase of any of our fee base education content because
WRB Analysis gives that critical "understanding of the price
action" that's called market context to help minimize losses and
maximize profits along with giving you the due diligence. In
addition, you're required to document your learning and
application of WRB Analysis as described in the next
question.
To prevent any
misunderstandings, the free Fading Volatility Breakout (FVB)
trade signal strategy is not a trade strategy I use often but
some of the price action concepts from the FVB strategy I do
use every trading day. The FVB trade signal strategy is for
traders to see how I merge WRB Analysis with a trade signal.
The FVB strategy then gives the user ideas involving how
he/she can merge WRB Analysis with their own trade signal
strategies and/or how to design an objective rule-base trade
method. In addition, the other purpose of the FVB trade
strategy is for traders to see my communication
skills and support so that they can determine if
interacting with TheStrategyLab (e.g. wrbtrader) is suitable
for them.
To prevent any
misunderstandings, the free Fading Volatility Breakout (FVB)
trade signal strategy is not a trade strategy I use often but
some of the price action concepts from the FVB strategy I do
use every trading day. The FVB trade signal strategy is for
traders to see how I merge WRB Analysis with a trade signal.
The FVB strategy then gives the user ideas involving how
he/she can merge WRB Analysis with their own trade signal
strategies and/or how to design an objective rule-base trade
method. In addition, the other purpose of the FVB trade
strategy is for traders to see my communication
skills and support so that they can determine if
interacting with TheStrategyLab (e.g. wrbtrader) is suitable
for them.
Question:
You're consistently
profitable...why do you not start a hedge fund or trade
OPM (Other's People Money) ?
Answer:
I'm well capitalized. Thus, I do not
need other peoples money although in theory its less risk
when trading other peoples money. Also, I own my own
business (inherited a family business when my grandparents
died) in France and its already stressful knowing I'm
responsible for the financial needs of employees and other
family members.
In
addition, an OPM or hedge fund falls under a different type
of scrutiny that allows others to impact your trade
decisions and business decisions. Therefore, you would need
to consider the accounting, regulations, backup trader when
you're on vacation or ill and many other business aspects.
Last
of all, maybe the most important reason, I'm nearing the end
(retirement) of my trading career as a trader and I would
have health concerns involving the stress that would come
with trading OPM or as a
hedge fund...a lot more stressful than trading my own
account that supports my family. In fact, I've already
started limiting my trading via reducing my position size,
reducing the number of trades and more days off from trading
to spend more family time with my children.
Trading
is just too mentally demanding and I've already been doing
such for +20 years. Simply, at this phase in my life, a
hedge fund or OPM is an unrealistic endeavor. If I can do it
all over again, a hedge fund or OPM...I would have done such
in the 1990s during the dot com years before the markets
came crashing down and before I started a family.
Question:
You require users of WRB Analysis
to document /
verify
their learning via DOKs, document / verify application of WRB Analysis Free
Study Guide and other education resources via screenshots
of timestamp trade fills (simulator or real money) in
broker trade execution platform including revealing
position size and chart time frame...why ?
Answer:
Yes...its a
requirement since 2014. Actually, any trader that talks
about the importance of backtesting, its a trader that's
already doing the above type of documentation / verification
of their trading. In fact, traders that do not document their trading on a
simulator and then do not document their trading via real
money trading...they are traders I can not help with their trading and their
discussions tend to be more about their "feelings" about the
price action instead of discussions with any facts. More
importantly, they are traders that can not help themselves. For example, many
traders come to me and ask me how can WRB Analysis improve
the trade performance of their entry strategy, exit
strategy, profit targets, stop/loss protection, trend
analysis or range analysis.
I will then ask them to send me any documentations /
verification of any recent trade performance that contains
timestamp info about the trades
or they can send me the info after their next trading
day...most traders have excuses about why they're
not able to
forward that info to me. Without that info, I'm unable to
provide them any support nor are they able to help their own
trading.
These are the types of traders that I will refuse to help
and try very hard not
to allow them access to my education resources (free or
fee-base) when they continue with that facade of not able to
document / verify their trading. Yeah, my policies create
anger but you must understand...if they can ask me as a
vendor to verify my trade performance...why is it so wrong
for me to ask them to do the same when they solicit me for
help so that I can determine what's wrong with their trading
?
Also, I do not like sharing my education resources with a
trader that's not willing to use a
professional trade journal
software or not willing
to use a spreadsheet
to journal their trading (simulator or real money). It was
one of the primary reasons why I started the free chat
room...its an easy way to show traders that the time they
take to document each trade will help their trading in the
long run and it prepares them to move into a better
documentation via a professional trade journal software for
users of WRB Analysis...journaling their
trades and
thoughts in
a timestamp environment so that they can correlate their
info with the broker statements they get later at night from
the broker.
(click
on image to review broker trade execution platform with
trading results)
http://www.thestrategylab.com/images/110118-TheStrategyLab-wrbtrader-Price-Action-Trading-Broker-PnL-Statement.png
Archive
Chat Log @
http://www.thestrategylab.com/ftchat/forum/viewtopic.php?f=186&t=2961
Therefore,
if you see someone that say something works or does not work
and they're unable
to provide you with any type of timestamp documentation as
the above for verification...their commentary is just hearsay (rumor or without truth)
especially if they're someone that you've already seen them
talk about the importance of backtesting or they talk about
vendors should show verification of their trading
beyond a
text message post or small snippet image of a profit / loss
column.
Regardless,
the requirement for users of WRB Analysis to document their
learning and application of WRB Analysis is too allow me to
provide proper support
and for me to provide custom support that's specific to that
trader. I only do this because I've personally visited
traders in their homes while they were trading and I
immediately notice they were moving from trade to trade
without properly documenting their trading.
I would then ask them about trades in the recent past and
they were unable to give a reason for any particular trade
except show how much profit or loss involving a particular
trade or show a broker statement that has only trade fills,
order IDs & fees but no timestamp of the trades and no
detail reasons for each trade.
I
then came to the conclusion that there's too much cliché in the talk about backtesting and traders can not provide any
statistical results via their own application nor provide
any specific details about entry signal, exit signal, trade
management, reasons for the trade or market context of the
trading day of the trades. Just the same, there's too much cliché in the talk about the importance
of verification
of trade performance...most traders do not do it because of
laziness. Yet, its not uncommon for these particular traders
to be the ones that demand verification or backtesting
results from others.
Unfortunately, these are the traders that tend to
not know how to
adapt their trading when market conditions change and
they're traders that are unable to minimize drawdown
periods.
Therefore, do not
become one of those traders that talks about the importance
of having a trading plan and doing backtesting, forward
testing or simulator but that has no verification they've
actually did such especially if you want to learn WRB
Analysis to improve your trading.
Traders that do not
maintain backtest results of WRB Analysis or do not
maintain statistical analysis of their own trading
involving WRB Analysis...their trading will be
consistently problematic. For example, if a trader can not
tell me the percentage of trades that reached WRB pt1
versus WRB pt2 versus WRB pt3...its a big problem. Another
example, if a trader can not tell me the WRB Zone they
used for each trade...its a big problem.
Simply,
I want to avoid working with traders that do not or refuse to properly document
their learning and application of WRB Analysis or any other
method including their own custom trading system. Another
way to look at it, vendors should scrutinize whom they work
with and have something in place to help them determine
which trader is willing to do the work to succeed because
profitable trading involves much more than following a trade
strategy. I go into details about variables that are more
important that trade setups in my "daily
trading routine"
that's posted in my performance record.
Question:
Do you post your full
brokerage statements?
Answer:
(click on image to review
wrbtrader / M.A. Perry broker statement)
I have posted some redacted full
brokerage statements randomly at the website, forum or free
chat room whereas most of my full brokerage statements
(not redacted) are only posted in my private
thread for
security reasons
and tax reasons
because I'm acutely aware online privacy and
cyber-security. In addition, I'm a strong believer that
redacted screenshots of trade fills in broker trade
execution platform provides more verification of trade
performance than redacted screenshots of broker
statements.
Also, I post all my trades in
real-time in a free chat room for every day I do trade
that correlate with the info in my redacted screenshots of
trade fills in my broker trade execution platform and then
store the archive chat logs of these trades and WRB
Analysis.
Yet, a few anonymous people have
asked for access to my tax statements while not posting
any verification of trade performance of their own nor
their own tax statements. This is the typical tactic used
by trolls. They ask for one type of verification...you
show them the proof...they then ask for another type of
verification...all while they are not able to post their own
verification of trade performance. In fact, I do
not
believe I've ever been asked to post more verification of trade
performance by another trader that also post his / her own
verification of trade performance. Thus, its only asked by
those that do not
post their own verification info.
I tell these particular
trolls /
disbelievers / haters that I pay taxes in France and
Canada (French province) and my trading is not my only
business. I'm also the owner of a photography business in
Europe. Thus, my trading supports my family and helps my
business elsewhere whenever there's financial difficulties
in the photography business. Simply, my tax statements are
for my eyes only. Therefore, the trolls
/ disbelievers / haters will never have access to my private
financial information beyond what I've already posted here
@
TheStrategyLab...info that's a lot more than what the
trolls are able to post about their own trading.
Reminder, I'm also posting
real-time trades (winners & losers) in our free chat
room that correlates to the trades shown in the broker PnL
statements that you see on this webpage and any where else
at my website. I post real-time trades with other members
doing the same too about their trading. In fact,
TheStrategyLab is one of the few websites that users of
its trade methods post verification of their trading.
In fact, many verification of
trade performance by users of WRB Analysis are archived
@
https://www.thestrategylab.com/ftchat/forum/
(click on image to review
trading results)
https://www.thestrategylab.com/images/092706-TheStrategyLab-wrbtrader-Price-Action-Trading-Broker-PnL-Statement.png
Archive
Chat Log @
https://www.thestrategylab.com/092706FuturesTrades.htm
This
screenshot was taken during live screen share meeting with
several users of the free chat room and we posted the above
link to the archive chat log for the free chat room used by
other users of WRB Analysis just to show that we do in fact
verify our trading many different ways for those
not allowed
access to the live screen share meeting or not allowed access to the free chat
room.
Below to the right is a screenshot of a broker statement
from our public thread section for users of WRB Analysis to
post their broker statements for anyone to review. The image
was copied and reposted here for you to review after we had
permission of the client. Yet, had the image been originally
posted in our private thread section...it would not have been copied and reposted for
public review even if it had been redacted.
Real money & simulator
trading results by traders using WRB Analysis.
Today, we require all users of our free
chat room to post their real-time trades. If they log into
the free chat room but for whatever reason decide not to
post their real-time trades...they must post their
screenshots of timestamp trade fills in their broker trade
execution platform or
post their broker statements...no exceptions.
(click on image to review WRB Analysis user's
real money trading results)
https://www.thestrategylab.com/images/thestrategylab-member-103009-daily-broker-statement.png
Yet, we prefer our users to post screenshots of timestamp
trade fills in their broker trade execution platform because
it shows us at least one of the screen configuration while
they were trading, we can use the timestamp to determine if
they're using WRB Analysis correctly, and its less likely to
be faked in comparison to broker statements that only show
trade fills (without the timestamps) with commissions &
fees.
Users that refuse to follow this rule in our terms of use policy...they are not allowed to return to the free chat
room and its the real reason behind many trolls attacking
TheStrategyLab...they were removed from our free chat room or we banned them for trying to use
our free chat room as a signal calling trade alert service.
It's one of the reason why the membership of our free chat
room has been declining although other reasons for the
decline are due to the rise of Twitter, Stocktwits and
TradingView. Simply, we do weed out wannabe traders and
trolls that do not
post verification of their trade performance while using our
education resource. These wannabe traders then prefer to use
Twitter, Stocktwits and TradingView.
(click
on image to review common broker
snippet...verification...informative?)
Sarcasm
via a real screenshot of a broker PnL statement / blotter by
other traders on social media by a traders that thinks
in error
that he/she has verify their trading so that someone can
help them with problem areas in their trading.
Regardless, its still strange to see so many traders on the
internet (social media) like Twitter, Stocktwits,
TradingView and other trader discussion forums...spend most
of their day writing messages about the markets but can not find time to properly document
learning / application of their trade methods because a small
snippet / blotter
(commonly posted at forums) falls short by a mile for
anything.
Question:
Why do you have a Private
Trade Journal and Private Thread section of the Forum ?
Answer:
It's simple. Every public DOK and
their charts, public screenshots of redacted images of trade
fills in broker trade execution platform and public redacted
broker statements that have been posted at TheStrategyLab
website or forum...
They have been copied and renamed without our permission...without
our knowledge. Next, these individuals then use our
verification of trade performance images as their own to help
sell scam automated trading systems and scam custom
indicators. Thus, members verification of trade performance
and my own verification of trade performance here @
TheStrategyLab are currently being used by those with hidden
agendas and by those for illegal purposes to sell bullshit
trading systems that has nothing to do with TheStrategyLab.
In fact, the host of our website will occasionally notify us
of unusual hack attempt activities on our forums private
sections since their creation from areas of the dark web known
for criminal activities.
Thus, in June of 2011, I created a private section of
the forum for members that only have access to their own
private thread in which other members in the private section
do not have access to another members private thread. Further,
in July of 2018, I moved my trade journal from the
public threads to the private trade journal section of the
forum after the DMCA notified me of unusual number of my trade
performance images being found at sites of individuals with
fake identities...
I've
even had a few of these scam websites or individuals
with fake identities specifically contact me just to tell me
that my verification of trade performance images can not
be copyright protected after they had their website taken down
by the DMCA and Google.
As expected, these idiots had contact me via fake IP
addresses, rented IP addresses while unwillingly to verify
their real name, address location and not able to verify their
own trade performance. A few gave me a city and country
location that did not correlate with their IP address
in their emails.
To prevent scam artists, trolls, frauds, hackers from having
access to TheStrategyLab's verification trade performance
images considering anyone can download or copy
anything that's posted in the public domain...I created a
private section of the forum for members only and myself.
Seriously, there are just too many scam reseller websites of
automated trading systems, custom indicators in the thousands
that its impossible to have the DMCA and Google to take down
those websites...its like a whack-a-mole game. Sadly, there are a few review
websites or review blogs secretly affiliated with
these reseller websites.
https://www.dmca.com/
https://support.google.com/legal
The DMCA stands for the Digital Millennium Copyright Act
under the U.S. copyright law. It covers the rights and
obligations of the beholders of copyrighted materials whose
rights have been infringed (usually online). DMCA’s
regulations apply also to the rights and obligations of the
Internet Service Providers and the servers or networks on
which the infringing content was placed.
On October 12, 1998, Congress passed the Digital
Millennium Copyright Act (DMCA). The law became
effective in October 2000 and it has been incorporated
into the Copyright Act (Title 17 of the U. S. Code).
https://en.wikipedia.org/wiki/Digital_Millennium_Copyright_Act
Question:
Do you show your losing trades
and losing trading days?
Answer:
(click on image to review trading results)
https://www.thestrategylab.com/images/092906-TheStrategyLab-wrbtrader-Price-Action-Trading-Broker-PnL-Statement.png
Archive
Chat Log @
https://www.thestrategylab.com/092906FuturesTrades.htm
Yes. I do show my trade losses
in the free chat room, trade losses in trade fill
windown/audit trail window, and in my brokerage statements.
In addition, I discuss the reasons for those losing trades
or losing trading days only in the free chat room but I only
discuss the specific details of the trade strategy used in
the losing trade via private message with fee-base
clients...if a fee-base client ask questions about the
losing trade.
Most
of the time its just my wrong analysis or poor trade
management after trade entry or simple trade errors in
opening/closing a trade in the trade execution platform.
Thus, we all have bad trading days and I have no problem in
discussing my own bad trading day as it occurs in real-time.
Yet, I never discuss the reasons for my trades with free
users unless it involves only the WRB Analysis Free Study
Guide.
Simply,
I believe that discussing losing trades are just as
educational in discussion profitable trades on any given
trading day especially in real-time as it occurs. In fact, I
highly encourage other traders to do the same in the chat
room or via their private trade journal because it helps to
identify the problem so that it can be minimize or prevented
in the next trade.
Trade performance screenshots like the above are now only
posted in our private trade journal by myself and our
members. Its important documentation to help improve trade
performance regardless if its done in public / private
regardless if you're a scalper, day trading, swing trading,
position trading or just learning (simulator trading).
Members Private Trade Journals @ http://www.thestrategylab.com/tsl/forum/viewforum.php?f=349
Members Private Threads @ http://www.thestrategylab.com/tsl/forum/viewforum.php?f=118
Reminder...brokerage
statements, real-time trades, live screen share meeting are
not
verification if WRB Analysis will work or
not work for you. Heck, you can be sitting side by side next
to me in person and watch me trade with your own two
eyes...it will only prove I do trade but it will not give
you any indication for your future performance. You can only
get that indication from your use of the
WRB Analysis free study guide via comparing your trade
results before
learning WRB Analysis versus your trade results after learning/applying WRB Analysis.
Yet, whatever verification you find...there's still no
guarantee it will
be your future performance because markets are always
changing due to changes such as low volatility to
high volatility, high volatility to low volatility, trend to
range, range to trend, global economics, geo-political events,
changes in exchange rules, changes in technology and changes
in your own personal lives that will arguably have the most
impact on your trading.
Question:
Do you allow traders to have
access to your depth of market (DOM) window via screen
sharing in real-time while you're trading or do you have any recorded videos
of your depth of market (DOM) while you traded ?
Answer:
First
of all, this particular question is usually aimed at someone
that has a signal calling trade alerts room service or a
mentoring service. I do not offer those types of services
and I've never had such services. More importantly, I do not
allow someone to mimic (copy) my trades and I've never
allowed such. Typically, those that ask for access to my DOM
window are attempting to mimic my trades without my
permission or attempting to use such as a signal calling
service. Just as importantly, I'm not a DOM trader although I've tried
it a few times in the past and have even documented (with
images) my DOM use many times.
TheStrategyLab first posted
broker PnL statement on September 26th 2006 via my
Japanese account user name
@
http://www.thestrategylab.com/images/092606NihabaAshiPnLBlotterProfit.png
(statement pulled from
September 2006)
Regardless,
even though you can see the DOM in the image at the above
link...I don't use bid/ask information, price ladders or
market depth when I'm trading to determine my trade
decisions. Simply, my trade execution window (order pane) is
my primary route to execute my trades because I'm able to
minimize my trade errors when I don't watch the DOM. In
fact, I now
keep my market depth window minimized down in my task bar so
that I do not see it.
Today's
markets are heavily occupied by algorithms that constantly cancel trade
orders. Thus, the info you see in your depth of market
(DOM)...50% to 85% (depending on the trading instrument)
is a false representation of changes in supply/demand.
Therefore, be careful with trade decisions dependent upon
information in the DOM.
Secondly,
I don't sit at my computer the entire market day and that's
another reason why I don't offer a signal calling trading
room beyond saying I trade actively on most days the first
two hours of the regular trading session.
With
that said, I do plan on doing recorded videos of trades with
explanations of the trades via the price action concepts
from the WRB Analysis free study guide. Yet, these videos will
not contain
any recordings of my DOM window or market depth window
considering I do not use such. In contrast, you will only be
able to see the trade order pane screen for my trade
executions (entry/exit), a few of my charts and the free
chat room window that includes my posting of the confirmed
trades in the free chat room. Yet, you will not be able to
see all
my other screens because I use a multi-monitor setup. These
videos will initially only be available to active users of
the chat room or active users of the forum. I may even add
hindsight audio to the recorded real-time videos to make
them more educational about the WRB Analysis free study
guide.
Question:
Your website is an education
website. Why do you not offer a signal calling trade
alert service or a mentoring service ?
Answer:
I
am not a fan of signal calling trade alert services.
I've learned enough about them that the only way users can
profit is if the trades are called far in advance. The
typical trader isn't able to profit from such because the
price action often changes after the trade was called in
advance. In contrast, trades called in real-time (not in
advance), I've learned (study) behavior finance and
cognitive decision making reactions to know that
traders can not
react fast enough to get similar like fills when they try to
mimic (copy) trades by others. Further, I do not have the
time and energy to manage such a service.
Also, although I post my trades in real-time in a
free chat
room, I do not want other traders trying to mimic my trades
because of the above explanation and that's why the free
chat room is not setup as a signal calling chat room.
Currently,
I do not offer a mentoring service but I often get offers by
traders to mentor them. Proper mentoring to ensure success
for the student requires a lot of work and requires it to be
performed in person
at a great expense although I'm aware of some traders out
there trying to mentor online only. Yet, one day I may offer
a mentoring service and if I do such...I will follow the
guidelines I've outline @
http://www.thestrategylab.com/TraderMentor.htm
This
is why I require users of WRB Analysis to document
(verification) their learning via DOKs and application
via Screenshots of timestamp trade fills in broker trade
execution platform of WRB Analysis. In fact, if I do mentor,
I will not
mentor anyone if they can not provide me with any documentation
(verification) of their learning / application of WRB
Analysis.
Question:
Your website has many positive
reviews in different languages and lots of positive
testimonials from traders around the world and only one
negative review. Can you explain the one negative review
and explain why some users didn't find WRB Analysis useful
while most users say its useful ?
Answer:
I
have a lot of satisfy users of WRB Analysis that have an
improvement in their trading and a small percentage of users
that did not see an improvement in their trading. Simply,
there are traders out there that WRB Analysis can not help.
That's normal and there's no such thing as perfection and I
make no
guarantees. In addition, I do not know how many of the
dissatisfied users are incorrectly using WRB Analysis
considering they tend to not document their learning and
application of WRB Analysis. Further, I do not know how many
of the dissatisfied users are missing other key variables
that's needed for successful trading such as discipline,
stress management, proper margin/leverage use, proper
trading instrument, proper trading environment, proper
capitalization and many other aspects that's critical for
successful trading.
I
have heard complaints by a small group of fee base clients
that say WRB Analysis is confusing. Unfortunately, most
of them did not
follow the designated Learning /
Application Route of Tutorials and Trade Signals that's posted in their private
threads and I saw too many errors by them in their
demonstration of knowledge (DOKs).
Also, as noted in an earlier question, all users of WRB
Analysis (free users and fee base clients) are required to document their learning and
then trading on simulator prior to any real money
trading...continuing to verify their learning /
application of WRB Analysis with real money trading. That
documentation requires them to keep information such as
the date of the trades, timestamps of entries/exits, chart
time frame, position size management and reasons (WRB
Analysis) for the trade. This is the minimum information
that anyone doing backtesting would keep. Unfortunately,
the requirements are ignored and that makes it impossible
for me to help any trader struggling or confused by WRB
Analysis.
Also,
be very careful about the negative opinions out there
because most of the negative opinions you've seen were
posted by traders we've already had banned from our website resources because
they had either harassed other members, harassed us,
impersonating members in an attempt to gain access to
services they did not pay for, impersonating other members
that had already given us a positive testimonial, hack
attempts on trading accounts or they are upset I banned them from the free chat room for
their disruptive and trolling behavior in the chat room.
More importantly, the one negative review you saw by a
blogger...he did not
use WRB Analysis and refused to view my archives of my
real-time trades, refused to view archives of real-time WRB
Analysis, refuse to view my broker PnL statements and refuse
to review clients full brokerage statements.
Instead, he wanted access to my trading accounts while not
disclosing to me in our conversation that he's a convicted
felon that defrauded his victims over 60 million
dollars...ruining their financial lives and stealing their
hopes & dreams.
Seriously, if you think my
denying him access to my trading accounts is unreasonable.
You're more than welcome to contact him and share your trading accounts or any other
private information with him. Good luck with that
considering he's someone that had access to private
information about his clients and then decided to defraud
them in the tune of +16 million dollars resulting him in
being sent to prison.
If you think
my real-time trades are fake, my broker PnL statements are
fake, clients full brokerage statements are fake,
users documented real-time trades are fake, positive
testimonials (accolades) are fake, users statistical
analysis of my methods are fake, users statistical
analysis of their own trade methods merged with WRB
Analysis are fake...stop reading this
FAQs and go hang
out with that convicted felon and ask him to share with
you his real-time trades, full brokerage statements and
DOM (if he uses it) considering he's a trader and vendor
too.
The
real issue is this. I do not tolerate individuals being
unprofessional, bullying, intimidating, harassing, trolling
or engaging in targeting abuse of users of WRB Analysis or
to myself especially those that try incite others to do the
same. I hold them accountable for such behavior via banning
them. Also, I stop sharing any useful trading education
content with them. In addition, I maintain a digital
documentation of such behavior for future reference.
Unfortunately, they choose to retaliate after being banned via going
elsewhere to post negative comments under the umbrella of
false statements that you've seen about TheStrategyLab.
Their only truth is that I refuse to share private information about
my trading and myself beyond any information I've already
shared. Ironically, some of them did share their
brokerage statements and/or positive reviews about WRB
Analysis prior
to being banned.
Official Rebuttal @
http://www.thestrategylab.com/tsl/forum/viewtopic.php?f=46&t=3167
Question:
What exactly is the demonstration
of knowledge (DOKs) and why is it so important ?
Answer:
DOKs
requires users of WRB Analysis to learn the education
content and then prove
they've understood and can identify the price action
concepts on hindsight charts...essentially the trader uses
the DOK to pretend he/she is teaching the reader about the
price action concept. Thus, DOKs allows me to see where the
user of WRB Analysis is at in his/her learning/application
route so that I can determine if they're correctly following
the instructions in the learning/application
route. More
importantly, DOKs allows me to tell the user of WRB Analysis
if they've correctly understood the price action concepts.
Essentially,
the DOKs ensures the user of WRB Analysis will receive
proper support if/when they become confused about any price
action concept. Therefore, the DOKs are critically
important in the
communication between the user of WRB Analysis with myself
and other users that can help.
Simply,
a user of WRB Analysis that does not post DOKs or
consistently posts incorrect DOKs or skips around in
the learning/application route instead of following the
designated instructions or begins trading with real
money without the required 30 day minimum simulator phase to
help them traverse from hindsight chart learning to
real-time streaming application...these small group of
traders will often be confused, complain the most and argue
the most.
You
can review examples of simple DOKs @
http://www.thestrategylab.com/tsl/forum/viewforum.php?f=61
(DOKs from fee base clients involving the fee base education
content is not
shared with none clients).
Question:
You're a member of several
popular trading forums. Yet, you do not discuss your trade method at
those forums and you do not mention your services.
Therefore, why do you use those forums...do you have a
hidden agenda ?
Answer:
I
have several close personal friends (retail traders,
institutional traders and former institutional traders) that
are members of those forums that I communicate mainly with
in private message. Yet, my public messages at those forums
tend to involve trader psychology or debating with traders
that are hypocrites in their views about technical analysis
when I know for fact they use technical analysis (e.g. they
use charts while trading). In addition, I will often talk
general market discussions that has nothing to do with my
services at TheStrategyLab (e.g. wall street, quantum
computing, algorithms, charting software, sports, hobbies
and so on).
Unfortunately,
there are some idiots out there that views my no discussions
about my own trade method at those forums as some kind'uv of
a conspiracy or something vendors do...vendors do not post
verification of their trading. Others label you as a guru
even though you're not expressing yourself as an expert nor
are you giving anyone at other forums any specific trade
advice about a particular trading instrument. In contrast,
the gurus I've met online almost always talk about their
trade methods at forums along with giving advice about how
to trade or
the guru is trying to use the forum to teach trading. I
do not do such and I respect the terms of use policies of
those forums.
More
importantly, I just want a presence at those particular
forums via my username wrbtrader because I wanted to secure my user
name after I had some problems with traders I banned from my
website many years ago.
Question:
What's the difference between mentoring and
your free resources or fee base resources ?
Answer:
As stated, we currently do not mentor
and the main difference you've asked about is that
mentoring can only be properly perform in person
to increase the odds dramatically that a student will have
the tools to be a successful trader which is why most
mentoring fails miserably because most mentors do it via
online (e.g. chat room, weekend seminar et cetera).
In contrast, our free resources and fee-base resources are
like building blocks that must occur prior to any in person mentoring which
is why many of the users of WRB Analysis are waiting for us
to start a mentoring service to continue improving their
trading. Just as importantly, mentoring is teaching someone
how to trade and if you read the WRB Analysis free
study guide...the free study guide does not teach you how to trade. Instead,
the free study guide explains some of the price action
concepts that I use while trading.
Simply, all we do is sell our
strategies that we use to achieve the trading results you
see posted in the free
chat room called ##TheStrategyLab
although we do not market our strategies in the free chat
room because it is a SPAM FREE chat room via request of
those that use the room.
In addition, your purchase
entitles you to get support that's critical to the learning
process of your trading. This support allows you to ask
trading related questions involving our strategies and
your trading instruments along with discussing with you
real-time patterns from our strategies in the private chat
strategy discussion chat room called
##VolatilityTradingTSL or ##WRB_Analysis
and via private message on Skype, twitter or stocktwits.
I mainly use
twitter and stocktwits via private message. Thus, you may
not see a lot of public messages by my user name wrbtrader on those social media services
but I'm very active on those social media services via
private message.
To read about our personal
opinion about how we define mentoring (coaching)...click
here.
Question:
You post recent chart examples @ StockTwits
@ TSL
Support Forum of your trade strategies...are those
trades you've taken ?
Answer:
Those charts at twitter, stocktwits,
tradingview and the TSL Support Forum do not
represent trades by TheStrategyLab itself. In contrast,
the charts represent trades by some of the free users or
fee base clients that used the concepts discussed in the
WRB Analysis Tutorials or our trade strategies to make
those trades (simulator or real money). To be more
specific, if you contact me and discuss the details of a
particular trade in which you used price action concepts
from WRB Analysis...I will document the conversation and
download a chart of price action for possible use for
marketing/advertising at my own website or on twitter or
stocktwits. the charts presents trades in key price action
or trades that exemplify an illustration of one or several
concepts from WRB Analysis.
As
for the trades of TheStrategyLab.com, you can review our performance record @
http://www.thestrategylab.com/tsl/forum/viewforum.php?f=147 for details
about each trading day even though there are no charts
included in our performance record.
Question:
There are different fee-based services
associated with a different forum. How do I know which
forum to join after payment ?
Answer:
The different forums you mention are
clearly explained
@
http://www.thestrategylab.com/forumlist.htm
Upon payment, if you have not registered
for a forum, we will contact you with instructions to
ensure you'll join the correct forum.
However, if you join a fee-base forum prior to payment,
your registration goes into a "verification
status" prior to
allowing you access to the fee-based contents posted at
the forum. It will stay in the "verification
status" for 72 hours until payment is received.
In
the verification process, you will be asked questions that
you must respond to with answers. One such question will
involve asking if you downloaded, learned the WRB
Analysis free study guide
and if it was useful to your trading because you're required
to have used the WRB Analysis free study guide for your due
diligence prior
to purchase.
Question:
Your broker profit/loss blotters that you
show for the past few years show that you are a profitable
trader. Therefore, why do you bother selling your
strategies ?
Answer:
We have learned many things from our
free users and fee base clients that have
helped improve our own trading and some clients have become
excellent traders themselves via our methods that we
actually help each other during the trading day via the
private strategy discussion chat rooms, skype associated
with the fee-based strategies.
I'm not a lone wolf type of trader that
wants to trade alone without any real-time
communication with other traders during the trading day.
Therefore, I prefer to communicate with other traders
during the trading day. In fact, I want my communication
to be with traders that understand the basics of WRB
Analysis or understand other aspects of trading that's
critical to my trading such as behavior finance, trader
psychology and such. Without that communication, the
trading results you see will have been less.
Simply, the free resources and
fee-based strategies and have open the door to
real-time market collaboration with other traders around the
world that improves the trading of all those that have
walked through TheStrategyLab.com doors via a vested
financial interest that produces dividends for us and our
clients. This type of
trading collaboration
with other traders using concepts from our WRB Analysis
easily increases the odds for us to be able to
consistently exploit the markets.
In
addition, our marketing and payments made to
TheStrategyLab.com usually occurs before or after trading
hours. Thus, the hours designated for managing the website
does not interfere with our trading. Therefore, if selling
the trade methods interferes with our own trading
results...we would stop being vendors as a second source of
income. Just as important, the income from our website is a
small dollar amount due to us not having the time to market
ourselves outside of TheStrategyLab.
Question:
Do you have a refund policy ?
Answer:
Yes and it's a
no refund
policy. More information about our no
refund policy @
http://www.thestrategylab.com/RefundPolicy.htm
Simply, we expect you to do your due diligence
via using our free resources prior to you purchasing any of our
fee-base resources so that you'll know exactly what you're
getting. If you have any questions about our no refund
policy...please do not hesitate to contact us.
Question:
How long would it take to become consistently
profitable after purchasing your strategies or using your
free resources ?
Answer:
It's impossible to answer this
particular question because we don't know anything about
you as a trader via many variables that deals with a
trader's learning abilities, market experience, discipline
level, ability to handle stressful trading conditions,
home/office trading environment, issues within your
personal life, changes in market conditions et cetera. In
addition, as a reminder, our goal is to make you a
better trader in comparison to your trading
prior to
your purchase of our fee-base resources...a goal that most
of our clients achieve.
Question:
Do your strategies involve technical
indicators (e.g. macd, cci, rsi, stochastics) ?
Answer:
No...we are price action only traders
that do not use technical indicators but we do use
technical analysis and basic understanding of the impact
of key market events on the markets. Also, some users of
WRB Analysis do use price action concepts from WRB
Analysis merged with their indicators or proprietary
trading systems.
Question:
Are your Volatility Trading Report (VTR)
trade signal strategies or the free Fading Volatility
Breakout (FVB) trade signal strategy applicable to all
markets ?
Answer:
Our trade signal strategies are
not applicable
to every market because we
are a strong believer that vendors should only market
their services to trading instruments they currently
trade, traded profitably in the past or have clients that
are currently applying the trade methodology to particular
trading instruments. To see
the complete list of trading instruments that's applicable
for trading via your strategies...click
here.
In contrast, our WRB Analysis Tutorial
Chapters are applicable to all markets (stocks, futures,
exchange traded funds and forex currencies) that you're
able to see WRBs and WRB Hidden GAPs.
Question:
Can you explain exactly what is WRB Analysis
and how its beneficial to trading ?
Answer:
The word WRB means
wide range body
(candlestick chart clients) or wide
range bar (bar
chart clients) and there are different types of WRBs based
upon either...[continue
reading].
Question:
Are the trade signal strategies subjective
or objective ?
Answer:
All of our trade signal strategies have a
well-defined trading plan (objective).
Simply, you'll know the rules (not
computer codes) for the pattern signal, confirmation
signal, entry signal, initial stop/loss protection,
trailing stops and when to exit a profitable trade. Yet,
our trade signal strategies is not a mechanical system and
that in itself implies it's a discretionary rule base
trading method. Simply, objective rule base trade
method but discretionary application due to traders
(users) are different in comparison to another trader.
With that said, some users have coded the
tutorial chapters and some of the advance trade signal
strategies into their own proprietary trading
systems...usually merged with their own custom methods.
That in itself should tell you its not subjective because
if it was...they would not be able to do what they
did.
Question:
These strategies are a rule based method
with no subjectivity in the pattern signal
nor entry signal...can the strategies be coded for
mechanical or automated trading (computer trades the method
while the trader is doing other things)?
Answer:
We ourselves are not programmers and were
unable to code the strategies for automation trading. Yet, you can download
the WRB Analysis free study guide to see if you can
program/code it yourself as some users have already done
such. Some locations of these codes are posted in the WRB
Analysis free study guide and our free Fading Volatility
Breakout (FVB) trade signal strategy while other codes are
private and only posted by the trader in his/her private
thread because its merged with their own proprietary trade
methods.
Question:
The ##TheStrategyLab
trade log sometimes show you stating a particular
trade is via
intuition.
What exactly does that imply considering your strategies are
not subjective ?
Answer:
I take trades via my well-defined
strategies and intuition trades based upon my experience
in specific types of market conditions. I'm upfront about
any trade I state is intuition versus other trades that
are not intuition. Yet, all trades share a tick with a WRB
Zone as required in the WRB Analysis education content.
There
are some trolls intentionally posting misinformation about
my intuition trades. For example, if I take 10 trades and 2
of the 10 trades were announced as intuition on entry into
the trade...users of the free chat room do not get an
explanation when the ask me to explain the intuition because
my response is that its just "trade experience".
Unfortunately, some of these traders that later become
trolls...they will post misinformation elsewhere that my
trades are confusing to them and it doesn't correlate with
what they've learned from WRB Analysis.
Reality, if
you read the archive chat logs of the free chat room, I
often talk about the market does what it does and it does
not depend on technical analysis or some quantitative
reason. I'm able to exploit some of those situations via
intuition. Yet, for some odd reason...its disturbing to
some traders and they're very confused about intuition
trading and then they feel the need to bad mouth it
because they're not able to do it too.
Intuition trades are mainly trades where
I'm not following my own rules due to the fact I may be
designing a new strategy, trying a new trade management
approach or relying on my market experience when I don't
have trade signals from my the objective strategies but I
do understand
why the
market is doing what it is doing. Yet, as stated, all my
trades shared a tick with a WRB Zone as taught in WRB
Analysis. Further, I keep separate trade result stats of my
objective trades versus my intuition trades in which these
stats gives a wealth of information about how I interacted
with the markets on any given trading day.
With that said, it's very important you
remember that I'm constantly looking for ways to improve
my own trading and the trading of my clients as a
discretionary trader using a rule-base trade method (no
automation, no program codes, no algorithms).
Therefore, I need to try new things
(research and development) so that my clients and I can
adapt to market conditions when they change to help
minimize drawdown periods and improve profit results...hence
the name word "Lab" in TheStrategyLab.com
Question:
What percentage of traders using your
strategies are profitable ?
Answer:
Several months after a client has
purchased our strategies, we will ask them if our methods
has improved their trade performance in comparison to
their trade performance prior to purchasing our
strategies....
Currently as of 2014, about
78% say YES and
that number has been as low as 72% or as high as 83% depending upon which year
(updated stats posted at TheStrategyLab.com home page).
Those that said YES does not imply they
are making big profits nor do they send us any
verification of their profit level although some do post
an occasional broker profit/loss statement online at some
discussion forum where they are a member without
mentioning the source of their trading knowledge due to
fear of being called a spammer or shill for TheStrategyLab.com
Further, of those that said YES...about
71% said they are exclusively using
our strategies and nothing else while the remaining 29% used concepts from our methods
to either improve their own methods or design new
strategies that was more suitable to their trading style.
The
above info also shows that 22% has not seen an improvement in
their trade performance although most believe it's too
early to tell because they are still learning the
strategies.
Here's
another interesting stat...we keep track of traders within
our social network (forum, chat room, twitter group)
regardless if they are using our methods or using their own
methods. Traders not using our methods (don't have
access)...only 19%
are profitable and most of them have openly stated they do
not trust vendors or may try our methods in the future only
after they've exhausted their self-learning process.
Question:
Is there a way to determine the potential
performance level
prior to
purchasing the strategies ?
Answer:
First of all, this is an impossible
question to answer because we do not know your learning
curve, at home/work trading environment, trading tools you
have access too, trading capital, trading experience and
many other variables.
Secondly,
do not
assume you will achieve similar like trading results as my
results because I have +20 years of market experience and
15 years of that is via trading. Thus, we only advertise
that we will improve your trading in comparison to your
trading prior to you using our trade methodology. Also,
due to my extensive market experience as a price action
only trader...it's the main reason why the real-time
support is extremely helpful for clients that want to
collaborate with me in real-time during the trading day.
Therefore, market experience has a big
impact on my profit level, consistency and successful
application of the strategies as it is for clients when I
share the market experience. Simply, we do share with you
our market experience via the support that's included with
the purchase of our strategies.
Yet, please be aware that my trading
results or the trading results of a client is not a good
indicator of your potential performance if you were to
purchase our strategies. In fact, the below variables will
have a direct impact on your profit level:
Different strategies you tend to favor from our basket
of strategies
Different
broker and/or trade execution platform
Different
charts viewing on your monitor(s)
Different
at home or work trading environment
Different
learning abilities
Different
times and/or days when you tend to trade
Different
trading styles via how you interact with the markets via
our strategies
The above in any combination will have an
impact on your performance level in comparison to another
trader regardless if you use our strategies or strategies
by someone else and it's what most vendors will not tell
you about realities
of trading.
Question:
Why is it so difficult to find traders at
other forums using your methods to get first hand
knowledge about the merits of your strategies without
having to request references from you ?
Answer:
First of all, traders tend to find out
about TheStrategyLab.com via search engine (e.g. Google),
referral
from another trader in their social network (e.g.
Facebook) or via word of mouth (in person recommendation).
Thus, we ourselves do not promote our services outside our
website and if we see someone spamming (promoting our
website without having been solicited for information) our
website at another online resource such as a forum...we'll
contact the site owner of the location where the spam was
posted so that the info can be deleted.
With that said, you can easily
determine the merits of our trade method via using the
below
free resources.
WRB
Analysis Tutorial chapters 1, 2 and 3 study guide. You
can download it
@
http://www.thestrategylab.com/tsl/forum/viewtopic.php?f=119&t=718
Fading Volatility Breakout (FVB) trade signal strategy.
Access instructions @
http://www.thestrategylab.com/tsl/forum/viewforum.php?f=89
##TheStrategyLab
real-time chat room
@
http://www.thestrategylab.com/tsl/forum/viewforum.php?f=164
The above will allow you to
determine on your own the merits of your trade methodology
without needing references from other traders because
you'll be able to interact with those "other traders"
using our resources. In addition, your use of the above
free resources will show us that you have a sincere
interest in
learning/applying our trade methods.
Question:
You have a free chat room called
##TheStrategyLab where those using the room are posting
their real time trades and price action analysis. You also
said that some members using ##TheStrategyLab or register
to use the room are not exclusively using your methods.
http://www.thestrategylab.com/ftchat/forum
The question is why do they not purchase
your strategies when you post consistent profits most
trading days along with a broker profit/loss statement ?
Answer:
Some ##TheStrategyLab
members are profitable via their own methods merged with
price action concepts from our free resources (e.g. WRB
Analysis free study guide, free FVB trade signal strategy)
and that reason alone is why they aren't interested in
purchasing any of our advance methods. Thus, some members
are satisfied with our free resources and its the only
thing they needed to jump start their own trade methods.
In addition, many members have already
invested a lot of time & energy in their own methods
and that in itself makes it very difficult for many to
switch to our trade methods. Also, we don't market our
strategies in real-time within ##TheStrategyLab
chat room because it is a spam free chat room although we
do some promotion within the archived chat log of
##TheStrategyLab
posted at the support forum that's read by guest visitors.
Simply, its common to have a member of
##TheStrategyLab
not know we are vendors too.
Question:
Why should I pay for your
strategies when I can just join the free chat room called
##TheStrategyLab to mimic (copy / mimic / piggyback) your
trades as you post them in real-time ?
Answer:
##TheStrategyLab
is not a signal calling trade alert
room nor is it properly setup for traders to efficiently
mimic each other trades due to the fact that there are a
lot of market discussions and trades being posted by many
different room members at the same time (Long and Short).
In addition, the odds
aren't good that you'll get the same fill nor the same
exits due to the fact that the chat room members do not
give warnings when a trade (entry or exit) is about to
occur along with the fact that my trades are posted among
trades being posted by other members.
Most importantly, I do not want any
member in our free chat room to be blamed for the trade
losses of another member that was using our free chat room
and violating our terms of use policy.
Also, I have a strong belief that if you
mimic trades by another trader without the permission of
that trader...you'll instill
poor trading habits
that will be extremely difficult to fix when you do decide
one day to learn how to trade on your own along with
showing members of #TheStrategyLab
that you're not interested in participating in the chat
room via either posting trades or discussing the markets.
Therefore, I don't recommend any
trader to mimic the trades of another trader unless they
have the exact same broker, trade execution platform,
chart program, similar like chart layouts along with
having access to the strategy being used to prevent blind
trading. Further, I'm always trying new strategies (hence
the name TheStrategyLab) to see if they are suitable for
adding to my existing trading plan.
Simply, it will be a huge mistake for you
to mimic my trades without my permission and without
knowledge of knowing if the trade signal is from my
profitable system or from something that's new and
possibly not reliable.
However, I and other members do sometimes
tell fee-based clients in the private
##VolatilityTradingTSL or ##WRB_Analysis
real-time strategy discussion chat rooms about possible
pending pattern signals or will discuss clues as they are
occurring that a pattern signal may soon appear along with
identifying key changes in supply/demand.
Question:
Is there a reason why you don't post
information with your real-time trades in the
##TheStrategyLab
chat room involving your stops and profit targets ?
Answer:
The information about my trade management
is posted in the available free information at the TSL
Support Forum within the free Fading Volatility Breakout
(FVB) trade signal strategy and other trade management
information within my "daily trading routine" links you'll
find in the performance record at the TSL Support Forum.
Simply, I don't repeat the same information for every
trade in real-time whenever I post a trade in the chat
room when you can easily read my trade management
information at the TSL Support Forum.
Question:
Do you trade someone's else
account besides your own trading account ?
Answer:
I'm not interested in trading the account
of another individual because I'm well capitalized. In addition, trading my
own account is stressful enough without having to worry
about the money of someone else. In fact, some traders
perform better when they trade the money of someone else.
In contrast, I do not perform better when the money
belongs to someone else or I know traders are trying to
mimic (copy) my trades.
Yeah,
for me to say the above implies I've tried it and the
results were not
good and far too stressful. That's the thing about
trading, you got to know your strengths and weaknesses and
then exploit what you're good at while staying away from
situations that you perform poorly.
Question:
I'm interested in WRB Analysis for my exit strategy while not interested in WRB
Analysis for my entry strategy because I am confident in my
entries because they back-tested well and my real money
trading results have profitable results.
Simply, my problem involves exiting
profitable trades too early. Thus, can your fee-based
strategies help me with my exit strategy so that I can
capture more profits from profitable trades ?
Answer:
Yes.
The WRB Analysis information in our
fee-based strategies do exploit trades that are profitable
to allow you to capture more of the price movement that
continues to move in your favor.
This is accomplish via using WRB's to
tell you when to move your initial stop/loss protection
into a 1 tick/pip profitable trailing stop and then giving
you a better understanding of shifts in supply/demand via
Volatility Analysis...allowing for better management of
trailing stops if you choose to adjust them from the 1
tick/pip profitable trailing stop
We also encourage you to send us
detailed charts of trades (good profits, poor profits and
losers) with info about the entry/time of price, exit/time
of price and basic info about your entry signal. We'll
then reply with customized
solutions
based upon our WRB Analysis integrated with your trading
style and methodology.
Simply, every trader is different and
having access to some basic information about your entry
strategy with chart examples will allow us to design a
customized profitable solution via our WRB Analysis for
your exit strategy problems.
Question:
Should I
purchase the Advance Tutorial Chapters or the Volatility
Trading Report (VTR) trade signal strategies even though I
have not started trading ?
Answer:
Yes but only after your use of the WRB Analysis
free study guide and you've maintain a statistical
analysis of your trading with WRB Analysis on a
simulator
including screenshots of timestamp trade fills versus your
trading before
you learned WRB Analysis. In fact, I may one day start a
mentoring (coaching) program and one of the requirements
for students prior to any mentoring is that I will request
their statistical analysis results for review. You can do
this without any real money trades and learn from your
backtests & simulator trading without risking any real
money.
With that said, its very common for
traders to purchase our fee-base methods so that they can
learn prior to opening a trading account after
using WRB Analysis on a simulator. This
allows them to build
up confidence via
understanding the strategies and the statistical analysis prior to any real-money trading.
Once
again...we provide fee-based services only
to compensate ourselves for the time, energy and resources we use to educate
other active traders to become successful
traders...active traders that have contacted us first and
then asked for help in their education with
their trading.
Best Regards,
M.A. Perry (a.k.a. wrbtrader)
Trader and Founder of WRB Analysis (wide range body analysis
or wide range bar analysis)
@
http://twitter.com/wrbtrader/
@
http://stocktwits.com/wrbtrader
@
https://www.tradingview.com/u/wrbtrader @
https://www.twitch.tv/wrbtrader/
Youtube @
https://www.youtube.com/user/wrbtrader/
Flickr @
https://www.flickr.com/photos/42832721@N08/
Pinterest @
https://www.pinterest.ca/thestrategylab/
Imgur @ https://imgur.com/user/thestrategylab
TheStrategyLab @
http://www.thestrategylab.com/
Phone: +1 224 307-4434
Business Hours: 8am - 5pm est.
(Mon - Fri)
Skype Messenger: kebec2002 (24/7)
wrbanalysis@gmail.com
"If
a man does not keep pace with his companions, perhaps it
is because he hears a different drummer. Let him step to
the music he hears, however measured or far away." --Henry David Thoreau