james16 Chart Thread

HOW TO BE PROFITABLE TRADING FOREX

1. Develop a trading strategy, method or system. Doesn't matter if it works or not. Just needs to look good.

2. Keep track of your trades and post all the winners and only a few of the losers just to make it look good. Post these in webinars or charts a day or so later. Don't give trading calls since you didn't know the trade was really going to work out until after it worked out.

3. Develop a website with the main purpose of providing education on your strategy, method or system.

4. Ignore naysayers or challengers as just being difficult or you say that you are just providing education and that you can take what works for you and develop your own strategy.

5. Ignore those who request some kind of results. Especially those who want "live account" results. Nevermind that you can't even show demo account results.

6. Sit back and watch the profits roll in. Profits from your membership fee receipts that is. Nevermind trading. Who needs to trade!
Forkin'is fun!

"Winston, you've hit the nail on the head with this thread. Unfortunately followers on certain commercial threads are going through that "Warm and Fuzzy" feeling right about now. Most here on F.F. do not realize what it takes to become a professional trader.

I have nothing against educators who claim to be successful traders. However, when you charge a membership fee based on your claims you better be able to substantiate those statements. Shame on any paid member who has joined without asking for any verifiable proof in the form of a brokers statement. If I ever had a membership site and wanted to build up my client base as fast as possible, the first thing I would do is show a full years brokers statement. Imagine if you practice what you preached and showed this statement based on your claims? There would be a line a mile long outside your door begging you to accept them as a paid member. So why don't these thread starters do this, it's because their claims are false. Their income comes not from trading but from the monthly fee's they collect from members, plain and simple!

Now, ask yourself this. If investing in an automobile you were told by the salesmen that the car runs like a top, it's very safe getting you to point "A" to point "B" without any issue. That It will only cost you $125 a month but the kicker is you can't take a test drive, and the only decision you can make is based on the word of the salesman, would you buy that automobile? Hopefully not, however this does not apply to most, especially when they are emotionally involved and their logic is based on that warm and fuzzy feeling instead of a sound educated decision only based on facts.

In one of these threads I read some outlandish promises made between April 9 through April 15th, 2015. When a thread starter makes a statement as to say that by following him you will become a Millionaire then I would suggest not walking but sprinting away as fast as you can possibly run. Let me put it in prospective. A verifiable high win rate of 80% plus from a retail trader does not constitute a profitable trader. My win rate tips at 57%, yet I'm very profitable. So don't be suckered into thinking that a high win rate equates to a profitable trader, it doesn't. If a thread starter does offer to post their statement along with their reps phone number then call them out on that statement. I read this offer from a thread starter on a commercial thread dated April 9th, 2015, post 134,144. If you are paying a membership fee hold them to their word on this statement, if they come up with excuses then all their promises to members are false. There's an old saying "Lies Figure but Figures Don't Lie"

I also see a lot of play on words in the commercial section. When a thread starter claims that his trade is a live trade then this question should be asked, was it a Live "Sims" trade or a live trade from a Real Money Funded Account? Unfortunately you will never hear the truth! There is a huge difference between trading a real money account vs. Sims. Most if not all filled orders on Sims would not be filled at the same price on a real money account. The filled order would be a lot worse than your Sim order. There is no true Slippage when you trade Sims. This is just the tip of the ice berg when you trade in Sim mode. But most Importantly there's the psychological aspect of trading a real money account. So back to the original question, Is it Live Sims or is it a live real money account.

A funded account? The truth of the matter is if you plan on becoming a full time trader and you have a family to support and you have no other source of income you better be on top of your game and have at least a $300,000 account, minimum. How does a trader acquire this type of capital? Well I can tell you It's not from a $5,000 account you started with 10 years ago. If it is then let me know and I'll let you trade my account. Chances are any large account holder either is trading someone else account (institution) or they have inherited this equity or they started there own business many years ago. I started with investing in low income properties at the age of 19 in upstate NY, I eventually moved up to investing In large commercial properties. I'm now 51 and I now trade a family fund.

Another technique used my membership sites is to convince you that you have to trade using a daily chart, Hum, why do you suppose that is? Is it because the signals are far and few between? Would this technique extend your membership where membership fee's can be collected for a longer duration. The answer is an obvious Yes!

Winston makes a lot of great points in this thread that all should very carefully read. And people who are paying membership fee's please do yourself a favor, At the end of each month come back to this thread and re-read it again, each and every month then look into the mirror. By doing this slowly but surely the truth will unfold itself and reality will become your truth.

Good Luck, Rocky! "

Fair enough Winston.

P.S. What do you think of Jarroo's methods?

Wishing you a profitable, but more importantly happy and healthy 2016 friend.

​I'd love to hear from you or anyone else making verifiable profits. Again I'm ready to apologize publicly, eat my words and voluntarily relinquish my J16 lifetime membership if their is credible and verifiable evidence of return on investment (ROI) that can beat the ROI of the S&P 500.

​Where is Jarroo? Haven't heard from him in months/years? Nothing against him and I wish him all the best but again I put his methods in the same bag of snakes. Provide some evidence of profitability. I know most will not be able to profit from a method. But don't you think the one promoting the method should be the one showing profit? At minimum the one promoting the method should demonstrate evidence of sustainable profit-making ability. Is that really too much too ask. what mind numbing ability does J16 have over all you people? Are you making money or is J16 with their membership fees? Come-on people!!! Wake up and smell the burning snake oil!!!

Is no-one at FF making a buck? Are all retail traders consistently losing? I suppose the only statement we can verify is our own. We can only rely on ourselves.

If it's not working out, I'd be packing it in and starting a small but profitable yoga business, PC repairs or something.

Edit: I may well come to the same conclusion as you, but I have been profitable with this method, so I see it's benefits. I am looking to iron out some bad habits and strengthen my trading with the PF, but if it's not serving it's purpose then I'm out.

If we are not profitable then the problem is either the method, or us. Only we can know the answer to that.

I audit hedge funds/prop firms for a living. I can assure you that your statement is false.

After ten years im used to the rare person that reacts to life instead of responding. Its a miserable way to live I know because ive been there. That being said it always amazes me after ten years of truly trying to be a decent person and be honest about who I am that I don't at least get a chance to help the person before they show how miserably unhappy they are inside.

i started because Forex factory asked me to. I started out with no idea in a million years it would turn into what it has. I have never nor do I now claim to teach or do anything OTHER THAN SHARE 34 YEARS OF EXPERIENCE. THATS PROBABLY THE 3567TH TIME IVE SAID IT. MANY MANY OF MY PAST STUDENTS CAN TRADE CIRCLES AROUND ME. WE JUST STARTED A TRADE SERVICE that has no charge. it is totally donation based on if the trades we send out make our subscribers money. do any of you know anyone else that does that? do you know why we chose to do it? because after ten years we have about 2000 friends that we know cant afford a 300 a month or more alert service. we did it for them.

People that bash me, mike, this thread and our group are just wrong. its no more simple than that. they are just wrong.

I hold no hate, resentment or feel anything other than I wish whatever it is that makes then carry there anger around like a ball and chain could have it removed from them.

if you need help with your trading I will help whether you pay me or not. I may not always have time to meet all your expectations but I will try. email me thru guest side group is best way to reach me.

jim

email me at [email protected] so I can share something with you.

jim

I cant pm people even though I freaking basicly built this place so email me at [email protected] so I can send you something.

jim

Hey Jim. Sorry, I'm getting a delivery failure notice to that email for some reason. GB.

But no probs, I'm already a member.

huh working fine for everything else. then send one to [email protected]

whats up diggs? I figured we would both be dead by 2016.

jim

I think adding GDX to your stock portfolio long term is a great idea. I think good chance it may end up being a short term play if it takes off like I think it probably will before summer. it could see 20 soon easily. also if you are familiar with LEAPS you could buy the stock that way its just a different approach.

just an idea I thought I would throw out.

jim

Haha, you caught me. Very nice job on the new site old friend! Thanks for bringing me out of the shadows!

Done. Thx Jim.

ITS BEEN A WILD TEN YEARS. many times ive cried from joys starting this thread has brought me. the friends from all over the world, the group and mike especially. many great things. but tears of sorrow also from it. the nastiness of people towards me that don't bother to find out the truth before saying things that truly hurt me and my family. tears for even people that I tried to help after losing family fortunes on some 5 minute ea or something. two suicides I know of and two more I was told about. not my members but actual forex traders that I assume found me thru this chart thread. unless you walk in my shoes for a bit you have no idea the contacts I get. ive had several knocks on my door over the years. friendly knocks but freaky none the less. my wife had her way I would close shop and never be james16 again.

anyway its people like you why I decided to come back for a final ride.

Jim

You do a great job mate. We appreciate all you and Mike do here. GB.

I can understand why people don't post trading statements as they're not always easy to understand because they might be stocked full of all sorts of different trades, some very short term,some medium and long etc.

But there's an easy way around this problem. Open another separate account with the SOLE aim of putting in just the short term trades. So no more historical charts saying 'I sold here around the highs and then covered here, around the lows'. Instead the same charts can be posted along with a verifiable account statement. Then James16 can say, I sold here around the highs and covered here around the lows and here's the statement to prove it. Plus, you'll see that over the last x months the account has increased by xx% etc.

If James16 is really as good as he says then why doesn't he do this and use it for as much as marketing as anything else. Yes, I know he says this is not a business and a hobby but I don't know many hobbies that draw in 5-6 figures a month in fee income. Sorry, but that looks like a business to me.

So perhaps it's times to stop all the tears (are there any American men that don't cry these days?) and replace them by hard facts - a real-time trading account where the details are published.

The fact that nobody does this has to be suspicious because it indicates people are possibly trying to hide something, what else can it mean? To get rid of that suspicion and blow every doubter out of the water, the only way is to publish that account.

A successful real time trading account would also probably push the monthly sign ups through the roof.

My bet, and it would be for a very large amount of money, is they'll be no real-time trading account opened or ever published due to many different excuses. So all we've got to look forward to is more charts saying 'I sold here (around the highs) and covered here (around the lows).

I wouldn't expect such a service for free Calculus. This is happening now on the private forum. Along with so much more useful trading info. Page 1 post 1 of this thread is enough to get a savvy trader far. If unsuccessful, the problem is one of 2 things. The method, or the trader. And only the trader can know which.

Best wishes, GB.