Jacko's Forex House of Pleasure and Pain | Page 335 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Chicky's House of Pleasure and Pain 11 replies

Carry Backet w/ Jacko's AH 10 replies

Hello Guys is a pleasure to be here. I'm new to MT4 1 reply

Jacko's P&P Trend Trading Method 73 replies

Attachments: Jacko's Forex House of Pleasure and Pain
Exit Attachments

Jacko's Forex House of Pleasure and Pain

  • #6,681
  • Mar 16, 2009 8:16pm Mar 16, 2009 8:16pm
Quoting jacko
Hi Money4Nothing

If you were a rich trader and you loved trading, what would you do while you wait for a trade?? (Exactly like I am doing at the moment) I want to talk to others who were passionate about trading.

Now I could talk to brokers, but they are not traders!! (To be honest, most don't care about trading...it is simply a broking job)

Or I could cruise around here and see some traders with real passion to trade and a strong desire to become traders, but simply lack the experience, skills and tools to be succesful. (I also see some...
And this is why this thread is still going - brilliantly stated...
  • #6,682
  • Mar 16, 2009 8:21pm Mar 16, 2009 8:21pm
your in for a big dissapointment when you hit that first million.

first of all your gonna have to make 2 mill to have 1 after the marxists take there half and a million dollars wont even buy you a nice house in some parts of the US.

i will say it again but a million dollars is not that much money folks. sorry but its the truth.

most private banks wont even glance in your direction unless you have at least 20 million.

UBS wont even accept a "public" swiss account unless you have 500 grand.

i hope you get there but its not what you think.









Quoting Money4Nothing
You can make and save money. You can not make or save time. Once I reach the million dollar threshold, I will focus on having the time of my life. Posting on forums will become something I would only do on an infrequent basis.
  • #6,683
  • Mar 16, 2009 8:25pm Mar 16, 2009 8:25pm
Quoting Money4Nothing
I would only trade one day a month. The rest of the time, I would be doing whatever I wanted to do. It would not be sitting in front of a monitor.
Traders who are successful are doing EXACTLY what they want to do. They are trading!!!! (and making more money than they can ever spend...though Mrs Jacko tries very hard..LOL)

And I assure you I rarely sit in front of a monitor.


.Jacko
  • #6,684
  • Mar 16, 2009 8:56pm Mar 16, 2009 8:56pm
brilliantly said.

i feel kinda liberated here so i will share a bit.

i could live anywhere i want but i live in a paid for 200,000 house. i could drive anything i want but i drive a nice paid for 30,000 truck. my kids go to an expensive private school because i think its important. i have investments all over the place involving things i enjoy. real estate, golf courses etc..

ive built several succesful businesses over the years. im into astronomy, history and spend waayy to much time on philisophical (spelling?) and spiritual studies. i need at least 48 hours in a day not 24 just to enjoy all the things that i love to do and learn.

since i dont have a "job" i have the freedom to pursue the things i enjoy. the desire to have that kind of life goes back to my earliest memories as a child.

i was either going to end up financially succesful or i was going to die trying and it really had nothing to do with money. money was what i needed because thats what makes it happen. if making it happen meant pushing a wheel barrow full of rocks over the rocky mountains then i would have done it. i would have rather done that and died trying than punch a clock all my life.


most important is i do what i want when i want to do it. ive been dirt poor several times and it sucks. ive learned that money really doesnt make you happy but it does make things easier.

no doubt i think differently now at near 50 than i did at 30. most of you will also.

i was a loner for years with my trading. forex factory has been one of the single greatest things to have ever happened to me in my adult life.

getting to know and make friends from all over the world has changed my life more than words can describe. it literally brings tears to my eyes.

i was such a loner with my trading that i literally did not "know" that ater 20 plus years i was actually damn good at it.

i knew i could build an account and that i had paid a dear dear price over many years learning how, but it didnt really become evident that i really was pretty good until others started using my simple stuff to also find some success.

thats really the last 5 years in a nutshell. i was shocked to my core that people had an interest in what i had to say or teach. im still dumb founded by it. honest to god i am.

no matter what ever happens as long as this place is here i will continue to help anyone that asks for free. no one needs to spend a dime with me to get my help but thats no secret.

i believe in karma folks.

it aint garbage in/ garbage out like the old saying goes. they got it backwards.

its actually garbage out/ garbage in

or in other words...

what goes out comes back.

jim


Quoting jacko
Hi Money4Nothing

If you were a rich trader and you loved trading, what would you do while you wait for a trade?? (Exactly like I am doing at the moment) I want to talk to others who were passionate about trading.

Now I could talk to brokers, but they are not traders!! (To be honest, most don't care about trading...it is simply a broking job)

Or I could cruise around here and see some traders with real passion to trade and a strong desire to become traders, but simply lack the experience, skills and tools to be succesful. (I also see some...
  • #6,685
  • Mar 16, 2009 9:00pm Mar 16, 2009 9:00pm
Quoting fugly
jim why not tell us who they are?
Hi Fugly,

If you tell us all your name, your address, where you work, how much you earn per month, and show us your last years tax papers, I will tell you whether I am one of them


.
Jacko
  • #6,686
  • Mar 16, 2009 9:04pm Mar 16, 2009 9:04pm
yes and unfortanatly why do we have to live like that?

because there is evil in this world and the thought of someone harming those we love is something we must think about.

think what it would be like to have NO worries about those things.

i believe that for those of us that would never hurt another human being we will know that wonderful "world" someday.







Quoting Hano
Yes, Mr. James16. We all would be extra cautious with children. Being a farmer and living in the middle of nowhere, sometimes I worry for my child's safety when I'm away on business . . . and we live in the boonies.
  • #6,687
  • Mar 16, 2009 9:10pm Mar 16, 2009 9:10pm
Quoting james16
brilliantly said.

i feel kinda liberated here so i will share a bit.

i could live anywhere i want but i live in a paid for 200,000 house. i could drive anything i want but i drive a nice paid for 30,000 truck....
I can identify with a lot of what you are saying, I am much younger however and this is why I appreciate you and Jacko (as well as the other great contributors) so much more. I know that by following your direction and using the ideas that you have fine tuned over the past 20 something years will cut decades off of my learning curve.

A little bit about myself - I started trading demo in 2005, I scalped/got lucky most of the time using indicators. In 2008 I funded my first live account which I quickly blew by using the same methods in my demo. I then found Jacko and ForexFactory and had a whole new world open up to me - I am now studying Price Action and Major Support & Resistance...all the while building my account steadily...

I want to write this as a encouragment for the masters - so they know that their efforts are not going unnoticed or underutilized, AND for the guy that just blew his account and is feeling like a failure. To him all I have to say is, "welcome to FOREX, now you are ready to learn."
  • #6,688
  • Mar 16, 2009 9:15pm Mar 16, 2009 9:15pm
Quoting fugly
jim why not tell us who they are?

I have no idea why would you care?

and why would anybody assume that Jim would be the person and denounce
millionaires posting on this forum.

Did you ever read his thread?

He is a GENTLEMAN

BTW: does it matter
  • #6,689
  • Mar 16, 2009 9:20pm Mar 16, 2009 9:20pm
Quoting james16
i believe that for those of us that would never hurt another human being we will know that wonderful "world" someday.
Agreed. Thanks, Mr. James16!
  • #6,690
  • Mar 16, 2009 9:20pm Mar 16, 2009 9:20pm
Wow, is this my lucky night or what?

I am always happy to read anything by two of my favorite traders and people in general have to say. Thanks for all the great sharing and depth. I have also owned my own business for more that 25 years. Just retired and sold it. I can tell you it is not about the money. It is about the deep personal satisfaction of knowing that I am in charge of my destiny.

Thank you Jim and Jacko so much for posting here and now.

Scott
  • #6,691
  • Mar 16, 2009 9:24pm Mar 16, 2009 9:24pm
thats nice of you mea and your very kind.

dont take offense fugly,

your question was a fair one but if you think about it i think its easy to see why that would not be very smart.

im gonna say it a 3rd time. a million dollars is nothing anymore.

everyday in this country someone spills there coke on a walmart floor and then falls on purpose to bank a mil or two.

spending a million in a week or two is silly easy in todays world.

all of you actually know that already its just the term thats stuck with you all your life.

having a million in 1970 or 80 or earlier meant something.

not today folks.





Quoting mea
I have no idea why would you care?

and why would anybody assume that Jim would be the person and denounce
millionaires posting on this forum.

Did you ever read his thread?

He is a GENTLEMAN

BTW: does it matter
  • #6,692
  • Mar 16, 2009 9:28pm Mar 16, 2009 9:28pm
ahhh the man himself shows up.

how are you old friend?

shape up everyone.

ive always had this thought that sm actually owns forex factory.

i have no proof other than a gut feeling so i could be wrong.

Quoting smjones
Wow, is this my lucky night or what?

I am always happy to read anything by two of my favorite traders and people in general have to say. Thanks for all the great sharing and depth. I have also owned my own business for more that 25 years. Just retired and sold it. I can tell you it is not about the money. It is about the deep personal satisfaction of knowing that I am in charge of my destiny.

Thank you Jim and Jacko so much for posting here and now.

Scott
  • #6,693
  • Mar 16, 2009 9:28pm Mar 16, 2009 9:28pm
I agree. I started off exclusively learning Jacko's style, and since James16 first posted on this thread last week, also started to gain interest on his thread.

thanks to both, that many of us can cut our learning curve by years, sitting on the shoulders of Giants...



Quoting bgin2end
I can identify with a lot of what you are saying, I am much younger however and this is why I appreciate you and Jacko (as well as the other great contributors) so much more....
  • #6,694
  • Mar 16, 2009 9:30pm Mar 16, 2009 9:30pm
Quoting james16
ahhh the man himself shows up.

how are you old friend?

shape up everyone.

ive always had this thought that sm actually owns forex factory.

i have no proof other than a gut feeling so i could be wrong.
Quiet or I tell every one how you got that Avatar. No I don't have any financial interest in FF, only a passion for a great forum. I am not that rich. It is good to see you my friend.

I am enjoying the slower lane and adjusting to it. Iti is nice to have time to do what I want when I want these days.
  • #6,695
  • Mar 16, 2009 9:53pm Mar 16, 2009 9:53pm
Similar to smjones, I sold a company where I had over 3000 employees. great company, very profitable and i loved the work and the people. I was spending too much time away from my family for what....money. time to regroup on that item.

Sold the company...took two years to find what i wanted to do and discovered spot fx.

i became successful as a businessman because I always studied hard, learned from others and was not afraid to take a risk after I understood how to mitigate them. Study the risks, mitigate them to the extent they can be and act.

i became a member of both Jacko and James16 private groups because my military training told me to learn everything from people who have done what i want to do.

Am i a trader...no. Am i on my way to being a trader...yes but only because of the excellent tutelage of Jacko and James. Forget for a moment technique; forget for a moment S/R; forget for a moment trend.

I have learned patience, witnessed wisdom, and benefited from their graciousness.

Technique can be taught and learned by anyone. Mastery can be taught by few and unfortunately learned by even fewer. Experience has always been the teacher of mastery. I seek to learn from their experience.

There is no rush. A million dollars will not make a person happy. You will discover that. A million dollars or 20 million dollars can only give you time. It is up to you to spend the time wisely to make you happy. I tell my children this every day.

I am happy learning to become the trader i believe i can be.
  • #6,696
  • Mar 16, 2009 9:53pm Mar 16, 2009 9:53pm
good for you. i remember the slow lane but its a distant memory.


Quoting smjones
Quiet or I tell every one how you got that Avatar. No I don't have any financial interest in FF, only a passion for a great forum. I am not that rich. It is good to see you my friend.

I am enjoying the slower lane and adjusting to it. Iti is nice to have time to do what I want when I want these days.
  • #6,697
  • Mar 16, 2009 9:54pm Mar 16, 2009 9:54pm
I just want to thank all of you great one's out there! It is a pleasure to hear encouraging words from those who have been living the life that they've always wanted. I am new to this post but I have been watching and reading quietly in the background. I appreciate Jacko and all that I am learning. Jacko and James16, please keep the good words of wisdom coming. It gives those of us, who have yet to reach our full potential, the courage to continue on this wonderful path. Karma is so very powerful and I wish you both much continued success!
  • #6,698
  • Mar 16, 2009 10:02pm Mar 16, 2009 10:02pm
Quoting Money4Nothing
In reality, the best traders are rich and are busy enjoying their money. If you were a millionaire trader, would you really post here every day or week?
Checkout member gregwilson ... he is a millionaire.. makes anywhere between 50,000 -$120,000/day checkout his journal
lowest draw down possible please.
  • #6,699
  • Mar 16, 2009 10:02pm Mar 16, 2009 10:02pm
well i dont know about giants but i can tell you for sure combining the two has a lot of merit. they are both based on price and simple support and resistance. those are the only two things that actually work in all market conditions anyway so anything else is a waste of your time and money.

just my opinion of course,

im starting to like it hear so jacko if i need to slow down just let me know. my feelings meter got turned off a couple of years ago so dont worry about hurting them.

jim



Quoting W.Jen
I agree. I started off exclusively learning Jacko's style, and since James16 first posted on this thread last week, also started to gain interest on his thread.

thanks to both, that many of us can cut our learning curve by years, sitting on the shoulders of Giants...
  • #6,700
  • Mar 16, 2009 10:05pm Mar 16, 2009 10:05pm
Price, support/resistance.

Keep it simple.
19 traders viewing now