i will try to answer this and es question above.
guys i have been doing this since late 1982.
i try to teach things that i have learned over the years that new people can have at least a prayer at staying above water for the first year.
pa, s/r etc etc... i teach basic stuff that i know works. there are many things i do that i cant teach on a forum or anywhere other than by my side and even that would not work until you had crossed the desert with it. the single hardest thing is the rifle mentallity and then not letting good entries turn into losses.
its a long road of hard knocks. for 5 years all i have done is try to point people down a road that i know isnt a dead end.
i only teach 10 percent of what i actually do. i cant teach the "mental" part and thats the biggest part to succesful trading.
YOU LEARN THE GAME BY PLAYING THE GAME. I PLAYED THE GAME FOR ALMOST 10 YEARS BEFORE I LEARNED IT.
the good news for all of you is that what i do teach IS ENOUGH if combined with effort, patience, practice and common sense.
one of my future plans is to have a live trading room or live set ups. dont know when and a lot has to do with whether my wife will permit it. right now she gets pissed if i even mention it.
my wife is scared to death some crazy person is going to lose all there money and come after me and/or our family. think about it. i think in todays world she has a point.
i dont need the money so why am i doing this?
ego, i enjoy helping people, its fun etc etc. take your pick.
anybody that does what i do and is actually financially succesfull is a damn fool if they put there family in that situation. would you agree?
thats just my opinion but its important to my wife and thats enough for me.
sorry to get off topic but i wanted to touch on that if anyone has ever wondered.
jim
guys i have been doing this since late 1982.
i try to teach things that i have learned over the years that new people can have at least a prayer at staying above water for the first year.
pa, s/r etc etc... i teach basic stuff that i know works. there are many things i do that i cant teach on a forum or anywhere other than by my side and even that would not work until you had crossed the desert with it. the single hardest thing is the rifle mentallity and then not letting good entries turn into losses.
its a long road of hard knocks. for 5 years all i have done is try to point people down a road that i know isnt a dead end.
i only teach 10 percent of what i actually do. i cant teach the "mental" part and thats the biggest part to succesful trading.
YOU LEARN THE GAME BY PLAYING THE GAME. I PLAYED THE GAME FOR ALMOST 10 YEARS BEFORE I LEARNED IT.
the good news for all of you is that what i do teach IS ENOUGH if combined with effort, patience, practice and common sense.
one of my future plans is to have a live trading room or live set ups. dont know when and a lot has to do with whether my wife will permit it. right now she gets pissed if i even mention it.
my wife is scared to death some crazy person is going to lose all there money and come after me and/or our family. think about it. i think in todays world she has a point.
i dont need the money so why am i doing this?
ego, i enjoy helping people, its fun etc etc. take your pick.
anybody that does what i do and is actually financially succesfull is a damn fool if they put there family in that situation. would you agree?
thats just my opinion but its important to my wife and thats enough for me.
sorry to get off topic but i wanted to touch on that if anyone has ever wondered.
jim
jim if u dont mind me asking, What were the basis of these trades. I know you have a tonne of experience but, i cant see any pins or anything. I guess my question is, were all these trades based purely around the fact that price touched key support or resistance levels? and for the A/J it broke a key level?
sorry I hope I havnt lost the plot, im at work
w'll see if something can be worked out...
haha!