LiveWithOscar.com alert service review

Closed my account with www.Livewithoscar.com because I was losing too much money.
and because the trading hours were too much for me.

I had started out thinking that I could just wake up in the middle of the night and take a trade, the problem is once in the trade sometimes Oscar will send alerts every hour telling you things are going ok, or nibble some more, or sell half, or sometimes just I will keep you posted. I can't ever remember just getting a buy and sell flash.

So with my heart condition that kind of keeps me out of the running for the all night trading sessions.

I did talk to a couple people who said they were not taking Oscar's flashes, but use Oscar as an indicator and they were making money that way. I was just waiting for the flashes and then trying to take the trades.

But there were several problems with this method.

The main problem is that Oscar will issue flashes and say nibble, or start to nibble. After a while I started to figure out that this means if you have a large account and trade say 10 or 20 lots then just buy 2 or 4 lots at this price.

Because later you may want to buy at a better price a larger number of contracts.

Also when he says to nibble, if the market goes up he will say sell half of your contracts here. So this makes it hard if you just nibbled with one contract.

One of the other main problems is that when you are in a losing trade Oscar usually recommends doubling down. Only don't call it that, and don't call it adding to a loser.

You can call it defending your position, but the bottom line is it will make your losers huge and then when you have a winner he gets out of half pretty soon.

So this makes your winners about a quarter of your losers at the end.

I also just never was able to get in sinc with his style of trading, he will usually buy sometime during the middle of the night and then frequently hold it until the close of the market, unless he gets stopped out.

I am really more of a scalper compared to this, I was in and out. I really don't like sitting in a postilion especially a loser for 14 hours.

When it goes against me, I just want out.

I am going to start working harder on my hook trades. Then suit my much better.