![]() Next step is for me spend a few days in the trading room and take a close and critical examination. Regardless, we were pleasantly surprised. 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. It was not by much, but she actually got better fills on a 6 different occasions. The first 2 days, my assistant copied each trade on a simulator and to our surprise, she actually performed better than Chris. Anyway, back to our simulator account and what we experienced at Day Trading Power. 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. In other words, the entry and exit price must actually trade through and not just touch. Why? Because a simulator can be set so that no orders can be filled on a limit price. However, a simulator is actually better than a real, live money account. Many people would say that using a simulator is not really a realistic way to do this. 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. 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. 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. 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. ![]() The second week we also got over a 95% match. I was pretty amazed to see that the trades called in the room matched at over 95%, which is great. Late 2014, my assistant processed the first week of trading video that we had captured. Since Day Trading Power was highly active, and I was highly skeptical, the video did not get processed until December 2014. The spreadsheet is then compared to the posted performance on the website. Each trade must be marked and then added to a spreadsheet. 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. We simply logged into the trading room, began recording and then stopped recording after the New York trading close. ![]() Over the next 14 days, we collected nearly 80 hours of video recordings. I then had my assistant begin recording the trading sessions with Camtasia. He complained a little about offering the free trial, but I got it. Late in the summer of 2014, I contacted Chris using a pen name and requested a trial subscription. And another red flag, if the moderator was so good, then why the cheap monthly cost of only $79? The Review Process Begins ![]() Admittedly, I thought that this must be a hustle. The list was long and thorough and looked great, but probably too good to be true. What caught my eye and really piqued my interest was the list of trades taken by the moderator. This room originally came onto my radar in the summer of 2014. A stocks day trading room run by Chris Grosvenor out of Canada. Today’s review is about a company named Day Trading Power. Writing trading reviews can be really depressing. Outside US can skirt the regulators, but you are risking your money outside the US. Cons: This style requires either a US based prop trading firm, or a foreign prop trading firm. ![]()
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