ReadtheMarket - Supply and Demand with Price Action

Just want it noted that I have recently undertaken the QM RTMA course, by far the best experience as far as trading education. Also, IF gets asked all the time to open the RTMA doors for courses, it only happens on occasion. To me that doesn't sound like the motive for someone who wants to flog their product.

I'm glad that got noted at last! Thank you!

No, I don't want to sell courses. I only did so to barely survive while working on the blue dot

Good stuff, only point I would raise here is that finding an ideal price point to achieve this can be complex and requires a trade off somewhere.

I was a member of CL's PTC for 3+ years, which had a price point aimed at deterring thieves, while still enabling access to those not yet wealthy; yet frequently Chris would give feedback on yet another trader who had been a member previously or flashed in to do a smash and grab, and was now selling his concepts, repackaged with all the bells and whistles, for a premium.

It's a pain in the arse, and confusing to those with morals, but unfortunately, this is an industry with a thread of dishonesty running throughout, and the impersonal nature of the internet makes it ever so easy for those with loose morals to rip others off.

One can choose to maybe put such a high premium that it is likely entirely out of the reach of your average scammer, but in doing this you are then only servicing the already wealthy (or at least upper brackets of the middle class and beyond). As well as perhaps encouraging scammers by creating a market of potential subscribers who cannot meet such a premium.

Ultimately, the material is out there already, and it's likely that this whole event and public display on FF has brought more attention to it than it previously had. It seems logical that scammers may attempt to take advantage of this one way or another. Does offering a service from here on assist or deter scammers? An argument can be made for deter, but who knows, there is the potential to encourage if the price point is incorrect - or regardless.

What is the purpose of sharing, and are the positives of each potential road to doing this worth the drawbacks?

Is the material itself even of any use in the wrong hands? Or is it the individual application of the material that makes it so valuable?

There is so much interplay between concepts taught by the honest educators out there, who really owns it. Over-unders (QMs) have been discussed by Steve. W for almost ten years now, but there were details never quite layed out as they were by RTM. This is not to put down RTM, just to bring perspective to an unwinnable battle, unless the plan is to sue people left and right or disconnect the internet

Mainly talking from second-hand experience here in what I've seen Chris wrangle with over the years. From what I saw, he was fulfilled by the achievements and feedback from those in his group/s over the years that did the right thing by him; the rest, are just on a karma wheel of pain.

While I understand RTM is owned by IF, and he has every right to monetize as he sees fit, I have to admit I am devastated to hear that the site may end up being paid access only

I have put so much time in making my journal...I really took a lot of pride in my progress and it made me feel great to know that other traders were benefiting from my posts. The collaboration was amazing. Posting on my journal made me accountable for my trades and my homework, and it gave me a reason to slow down and properly label my charts and explain my trades.

After a catastrophic personal/financial year (2015 and part of 2016) I made a decision to focus 100% of my time on trading. I moved out of my apartment, reduced all my costs and expenses, and I am now living on food stamps while I give everything I have to trading. I spend 15 hours a day working on my craft.

RTM was a place I felt comfortable and motivated to continue on.

To see RTM shut down is hard, but to know all of my hard work and posts are gone forever creates a sense of loss that is hard to put in to words. That journal is a part of me - it is a record of my journey. It is so personal and so intrinsically valuable to me. I invested the only thing I had left in this world...my time and my effort. Now it is gone- without any warning.

I can honestly say I have no money to pay for access (zero). I live in a rich country but I have no money. My life was completely destroyed in 2015/2016 and I am still trying to recover - both personally and financially.


I would start posting elsewhere, but I don't want to plaster this hard work on forums or websites that can be seen by traders who have less of a commitment to trading than I do.


This is a very sad day.

We are all looser we don't know how to trade and we are always in suffering.we accept this.i wished for being a looser.thanks god to how i found RTM for loosing my money there.
so i think it's better to go and continue our huge loss.i wish the best for you all .this will be my last post here .take care of your profits.


good luck all

Hi RTMtrader14, I am sorry to hear about your predicament, Please do not take this the wrong way however when you say:

"and I am now living on food stamps while I give everything I have to trading."

It concerns me. I do not think anything good can come from needing to succeed in trading and putting all efforts into this because the fear of failure will play so highly on your mind, that in my opinion it will nearly be impossible to meet your expectations for survival. I would suggest trying to be in a position where you are able to support yourself rather than being in a position to have trading support you as its not fair on yourself my friend

I truly wish you all the best

Regards,
Clint

Chica is absolutely correct.

You're choosing one of the most difficult and uncertain careers, which can take years to learn, if you can learn it at all.

If you're in financial trouble, use the skills you already have, and make them pay.
Once you've found you have a comfortable life, with lots of time to spare, you can consider learning to read the market.
Until then though, this life is far too dangerous to even consider.

Ignore wise advice at your peril!

YEA, I agree with you (IF) 300 %. Market loves silence and patience. OF course , it`s difficult to have both of them. We must have main business and separate - market .
Of course - market is nice thing and trading is ART, but we cannot have all time profit. We must have main business !

IF, this is such a good advice. Too bad that as a 20-year-old college student with no job and source of income I totally ignored it and started to trade live accounts! It's fortunate for me that I found RTM and learned so much. But I think that I started to treat trading very seriously at not really suitable stage of my life. The pressure of needing to succeed is very high and has a disastrous effect on one's account and psyche. Especially when people around you dont understand that trading can bring consistent profits and think that you are just gambling and forex market is a chaos.

It's sad to see RTM closing doors, but I understand your decision IF. Information that you provided for free has a great value and it is shocking to see that some people dont realize it.

I havent posted for quite some time on RTM due to break I took in my trading activities and I was also very frustrated that my analytical skills don't match my trading results so that is why I stopped posting (I never stopped to practice multi-scale FL analysis though ). I am visiting RTM regurarly and I planned to reactivate my journal in 2017. I found a job now with flexible hours that allows me to pay attention to charts and gives a source of income (sense of security) which I hope will help me to make better decisions when trading with real money again. I know that this will not solve my problems with trading psychology by itself, but it is the next step towards success. Contributing to RTM with my journal was a great source of fulfillment for me and probably one of the best things I ever did. It's really touching to see that so many people liked it and keep mentioning it. So if you want me back I would like to contribute again as analyst/teacher and hopefully in the future - RTM fund trader.

Hi, thanks for your advice guys!

I didn't go in to much detail about my situation, but for a number of reasons (completely unrelated to trading), my life fell apart. As a result, I have done my best to take advantage of the disaster to re focus my attention on trading.

I eliminated every unnecessary expense to lower my overhead. This eliminates stress to generate income to survive while learning to trade. I am not proud of using food stamps, but God knows I've paid my fair share in taxes to the system over the years and now need some help myself

I have dedicated (at minimum) 12 hours per day to trading over the past 4 months. I can honestly say I have made more progress in these past four months than I made in the four years prior.

I see trading as a form of entrepreneurship - it is much like building and operating a business. The prevailing wisdom in starting a business is to give it 100%. I don't see why trading should be any different. I have sacrificed my lifestyle in pursuit of trading success and I am willing to accept whatever the outcome may be - but there is something powerful about focusing every ounce of brain power on one goal as opposed to giving 50% to two ventures.

I am at a pivotal moment in my life, and cutting ties with everything I thought I needed (materialistic) has been quite freeing. I have this unique opportunity to live minimally while giving everything I have to trading and I intend to find out whether this is a feasible path for me or not. We all have limited time on this earth and knowing what to pursue and what not to pursue is important.

This is my chance to figure it out

So, we've just had a partners' meeting, and have decided on a few, but not all, matters.
We'll be (I'll be) rewriting the educational material to reflect what I now know, as what is there is from what I knew a number of years ago.
There's also talk of a trading room, where members will discuss price action and wait for possible entries at levels I provide.
Other things have been discussed too, but we'll be meeting again in two days before I can comment on them.

Anyway, enjoy your time away from RTM. We all need a break from time to time

Oh, and seriously. Enough with the begging letters!
I'll die of cancer from all the smoke being blown up my ass!

I just wanted to inform on my current status as once active community member, and to let you know that I still pursue trading career since you said that the selection process will take place. I’m sorry if it came across the wrong way, I didn’t mean to be disrespectful.

The selection process ended before your post

I will miss RTM then. Thank you for free education that you provided over the years.

Michał olej temat. Przykro to stwierdzić ale mysle ze ta cała szopka była już dawno zaplanowana i tu wcale nie chodzi o trolow z FF tylko o robienie kasy na wpisowym.
Sam wiesz po sobie, że zdolnosci analityczne to jedno a granie na rynku to drugie. Pamiętam jak wymiatałes kiedys na RTM i musze przyznac że nie jestem za bardzo zdziwiony tym co napisałes dlatego że miałem tak samo. Rynek przez dziesiątki lat tak ewoluował żeby wykorzystać ludzką psychę. Na RTMie uczą tylko analityki ale to tylko mały kawałek tortu, widzisz to po sobie, po Harym ktory zapierdziela na oliwkach w Grecji, po Ifie ktry wie wszystko a jednak nie wiąże końca z końcem. Z własnego doswiadczenia mogę powiedzieć że wcale nie jest dobrze mieć 99 procent skutecznosci bo to nie uczy cię przegrywania i radzenia sobie ze stratami. I pewnie dlatego If nie gra tylko uczy, jest w slepym zaułku bo ma 100 procent analitycznej poprawnosci a jednak nie umie zarabiac na rynku i to go wk.rwia i dlatego chce robic kase ze wpisowego. Wiem, te wszystkie jego tłumaczenia, że woli uczyć a nie grać - okej ale nawet jesli jest jak mwi to korona mu z glowy nie spadnie jak potrejduje kilka tygodni by mieć na wygodne życie a nie żalić sie że nie styka i dlatego trzeba płacić za dostęp do forum. Jesli ma takie wejscia i z takim RR jak sie chwali to kilka tygodni powinno wystarczyc na lux life.
Michał jak chcesz zarabiać to analityki i tak już masz więcej niż ci trzeba z tego co pamiętam twoje posty. Nie szukaj dalej i nie daj sie wkrecić w płacenie za forum Ifa. On zawsze będzie musiał robić wrażenie że jest jeszcze cos o czym nie wiemy a on wie jak chce żyć z wpisowego. Ty poczytaj o runach Zaorskiego, to ten z TJS. Poszukaj filmik na ktrym dokładnie opisuje jak oszukać psyche czyli nasze słabosci. Mi pomogło diametralnie. naucz sie robic runy i bedzie okej

Troche sie rozpisałem bo mnie wkurwiło jak cie potraktował If po tym jaki wkład pracy zrobiłes na RTM.

Sprobuj i daj znać za pare miesiecy czy pomogło

Thanks RTM. It was a great website.

Many has been beneficial to it especially me.

And million thank you for the knowledge

Hope to meet you again. Thanks

Jabloko. I have to tell you you're wrong.

For a start, how dare you assume to know what Harry is doing? Have some self respect, and only speak of what you know. To do otherwise is to be a troll.

Yes I teach. I'm good at it. And I know what I teach.
I can trade, and very well. At the start of RTM, along with all the work I was doing on the site, I had to triple my account every month in order to survive, as I lost my family over starting RTM, and took almost nothing with me. Having to do so turned me off trading ever since.

As for all this being pre planned: Bullshit!

I/we had no intention of doing this. My mood just changed after Bigwal stabbed me in the back, and I felt the need to keep trash like him out.

Jabloko, you're an ingrate, and not the only person on Earth who understands Polish

How odd, this was a previous one of his/her posts. Could it be all hugs and kisses until it is worked out that he or she wont be able to play with someone else's toys anymore. I don't speak or read Polish but google translate gave me the gist of the most recent post by Jabloko. Its hard to argue with the decision made in recent days.

Teach me everything . But i want all free.

If free i will praise you , you are a god in trading

If not ,i will declare you have vested interest since beginning.

If cant study from 5 years of free material, what else to our stupidity and laziness.

Don't worry IF , what you have passed to us will continue to grow in us.