Day Trading Results - Make Sure You Go With A Companty That Publishes It's Results

This is a way that you can check a companies results and past status. You must ensure that you always go with a live trading service, a mentor, or an education provider that publishes it's results daily. This is critical that you can check their trading skills (profitability, longest loosing streak and consistency) while you follow these markets yourself. It would be best to watch this data for over a month.

Are you looking for an educator, mentor?

Remember to review the following information:

1) Run a simulated trading scenario using the daily results from 1 month.

2) Use a fixed imaginary account size and trade the same contract size throughout.

3) Everyday add the supposed profit or loss you made using these results.

4) You need to also take into account the margin that is required for opening a position.

After evaluating the results you will have a clear view of the 3 factors:

1) Their profitability for the month.

2) Longest losing streak.

3) Consistency of winning trades.

It is important to have this data available.

And the only way to perform this test is to go with a company that publishes its results on a daily basis. Don't bother with companies and trading services of any kind that delay publishing their results (you will need to give them a few days for administration, but that is it). You also need to compare their trading with your own trading skills on the daily market and see if they can really help you by performing substantially better than you would if you traded on your own, after all there is no point paying for a service that cannot deliver better results than you can.

What publishing their results on a daily basis tells you about their trading service?

It simply tells you that they are confident in their trading methodology and techniques and are not hiding anything, these are normally the kind of services that do deliver actual positive results and can help you grow your trading account while learning and therefore they are worth paying for.

You will find that dishonest trading educators will not answer the difficult questions. For example a question asking about their longest losing streak, and use misleading sales tactics that cannot really fool experienced traders. They may even delay publishing their results on purpose so that when you look at them you do not actually remembers that days trading's market trading action. For example they wouldn't want you to know that on a day where the SP500 moved 20 points straight up. They only managed to make 2 points of profit on the underlying E-mini contract, when you could have made at least 8 trading on your own. So it is important to watch out for these tactics and these will help you tell a decent, honest trading advisory service from an amateur, dishonest one that has a questionable future. You want to learn from the best, the ones that can support you for as long as 2 or more years.


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