4 month results after using Andrew Mcguire service

[creep276]

Not sure if any of you use his metals trades service..

He basically feeds you trades as he does them at Coghlan Capital
www.coghlancapital.com

Here's my 4 month test results

Trading 1 contract gold since March 1st with $20K initial account balance..

March
Profit $2162.80

April
Profit $1787.20

May
Profit $2809.90

June (1st-20th)
Profit $2206.90

It works. Will begin trading larger and post results in a few months.

[Goldfarmer]

I'm stacking so didn't have the cash to step up to the plate for his trading service. Thank-you for posting your progress with him. I liked his (Andrews) speech on the GATA London Conference DVDs. I always listen to him on King World News.... Only downside on trading with him or anybody else is getting your paper profits out and turned into physical assets before things go downhill toooooooooooooo far! :cool05:

[TiKi]

Edit: $500 per month

[creep276]

Edit: $500 per month
The $500 is fine by me.. Guy deserves it.

[Goldhedge]

25% not bad.

Could you explain what kind of trades you are doing? Sounds like futures...:hmmmm2:

[creep276]

Yeah, GC contracts.

[Eat Beef]

How many trades? How do you get the info, and when?

Are the above numbers real, or paper trades? I'm guessing he gives out numbers for entry, sell for loss, and sell for profit?

Thanks.

[Hystckndle]

Ditto the Beef.
And what about the other side.
I.E. one down draft and " poof "

[TiKi]

I.E. one down draft and " poof "

I'm sure he uses stops and tells you where to place them.

[Gcubed]

How many trades? How do you get the info, and when?

Are the above numbers real, or paper trades? I'm guessing he gives out numbers for entry, sell for loss, and sell for profit?

Thanks.

Yo Beef!!
Do guys that can REALLY pick the ponies sell tout sheets?

Real insight loses value as it becomes wide spread.

;)

[Hystckndle]

I'm sure he uses stops and tells you where to place them.

I figgered dat :cheerful:
But how close and what kind,
I.E. option against it near the money or ?
is what I am always curious to.
In a silver futires downdraft ( i.e the knife fall ) I have seen a stop to be somewhat of a useless item
and of no use.

[Eat Beef]

Yo Beef!!
Do guys that can REALLY pick the ponies sell tout sheets?

Real insight loses value as it becomes wide spread.

;)

Are we talking about your "get a hint" thread?:reddy:

[Gcubed]

Are we talking about your "get a hint" thread?:reddy:

"Hints" are free. Wanna whole steak? Break out yer Shekels, LOTS!! :biggrin:

[TiKi]

In a silver futires downdraft ( i.e the knife fall ) I have seen a stop to be somewhat of a useless item
and of no use.

Can't argue with that. On panic sells stops are useless.

[southfork]

What's the minimum to open the account?

[creep276]

How many trades? How do you get the info, and when?

Are the above numbers real, or paper trades? I'm guessing he gives out numbers for entry, sell for loss, and sell for profit?

Thanks.

It's an interface you log into and when he posts a trade there's a loud beep or you can configure it to go to your phone, email, whatever...live throughout the day. He basically just tells you what he is doing "I am buying 1 lot of gold here, stop order placed to entry price", "target price 1621". So you just take the same trades.. He makes on average of 3 trades a day i'd say..

You just have to be ready to make the trades..

His stops are always placed at entry price at the time the order is placed so you don't get losing trades.

At current trajectory it's on target to perform around 100%/year on margin used.. Which is in line with what he says he did for 2011.

[creep276]

Actually, to clarify. He instructs on the entry and usually within a few seconds adds the stop, which is usually a couple of ticks away. He tends to be far more active in Gold than Silver as Silver can get beaten up pretty badly in a downdraft. I think the largest losing trade I have seen in several months is about .40c in Gold. He is very quick to get the stop to entry, seconds, and scalps a few bucks when he sees a likely move. I like the service for two reasons, I get to see how he trades and it pays me more than the subscription fee.

As far as the analysis he uses this is a vid his partner made on a free webinar they did last week but pretty sure this is only part of the method he uses on the gold trades
http://www.youtube.com/watch?v=MWumaRxem8E&feature=plcp

Edit: Found a longer one.
http://www.coghlancapital.com/node/3767

[Eat Beef]

Did you make the gains you referenced in real money, or are they paper trades?

The system won't work for me, I won't put on a trade without a stop in place, it's an ironclad rule for me.

[creep276]

Did you make the gains you referenced in real money, or are they paper trades?

The system won't work for me, I won't put on a trade without a stop in place, it's an ironclad rule for me.
Real money.
Sure, i maintain the same stop rule. I personally just place stop upon entry so they execute at the same time.

[creep276]

Beef, here's some of the analysis they are using..vid he did today

http://www.youtube.com/watch?v=-QxMQ-mruNs&feature=plcp

[Eat Beef]

Thanks, I'll check it out.

I'm not sure what you mean when you say you place the stop on entry. You mean you automatically place the stop with an OSO? If so, what's the spread? If not how do you calculate the stop?

Also, does he play both sides of the market (long and short) or just one?

What does he suggest for an account size/ how much is his largest probable drawdown?

[creep276]

Thanks, I'll check it out.

I'm not sure what you mean when you say you place the stop on entry. You mean you automatically place the stop with an OSO? If so, what's the spread? If not how do you calculate the stop?

Also, does he play both sides of the market (long and short) or just one?

What does he suggest for an account size/ how much is his largest probable drawdown?

I just mean i personally place my stop at the same time as entry. Each stop is different depending on the chart. But with the Mcguire service he sends out something like "i am buying 1 lot of gold here" Then around 5 seconds later "filled at 1589.20" then a few seconds later "stop placed at entry price" or "stop placed at 1589.00".. By the time i can place my trade he has placed his stop as well as the initial order and i have received both messages. So i just place them all at once.
He places his stop and entry order a few seconds apart from each other but after 10-30 secs it takes me to read, setup and place my orders i have full stop and entry info to place both simultaneously.

Both long and short.. He called one yesterday that immediately handed us a 7 point run with stop .20 below entry price..was a long.
Had a few good ones yesterday actually..

He doesn't suggest account sizes etc... That's up to you to manage your risk. But for short term trading, 20k per contract is fine as long as you use stops.

[creep276]

Update:

Week ending 6/29/12

Upped the daily position to 10 contracts.

Week's profit : $9,821.20

[shipwreck]

What are the mechanics of this? Are there certain ticker symbols that are bought and sold? Is the account handled by a certain brokerage?

[Eat Beef]

The ticker symbol is GC, but if you have to ask, it's out of your league.

[Gcubed]

The ticker symbol is GC, but if you have to ask, it's out of your league.

YOU call ME grumpy? :rolleyes:

[creep276]

What are the mechanics of this? Are there certain ticker symbols that are bought and sold? Is the account handled by a certain brokerage?

No. Can use whatever you like as a brokerage etc..

The guy just tells you his trades as he's doing them..nothing to it other than that. You just trade your own account. But if you don't have experience trading futures it's not advisable.

Maybe you are familiar with stocks so i'll lay it out as if it were stocks..

A successful trader who's traded for various banks but now trading for himself tells you a few times per day he is buying a stock or shorting a stock at the same time that he actually does the trades. You can place the same trades with your own account and probably make a few bucks.. The traders years of experience passes directly to you..and your account..
Although this is not stocks....it's gold futures.

Their site has pretty clear descrip on this page..

http://coghlancapital.com/daytrades

[Eat Beef]

YOU call ME grumpy? :rolleyes:

Don't mean to be mean, but when a neophyte wanders in and sees 10k per month in the green, he needs to know that he's going to lose his shorts.

This aint trading 101, this is graduate level.

[creep276]

Don't mean to be mean, but when a neophyte wanders in and sees 10k per month in the green, he needs to know that he's going to lose his shorts.

This aint trading 101, this is graduate level.

Good advice. But Beef..that was for last week..not month.

When i get up to trading 100 contracts i'll buy GIM a round of rounds..

[gringott]

I'm a little confused - he wins almost all the time, WTF does he need your chump change for?
Won't other people making the same bet as him affect his return negatively?

Let us know when you stop trading and have removed your cash from the system.