Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

SpearPointTrader

Members
 View Profile  See their activity

  • Content Count

    152

  • Joined

  • Last visited

Everything posted by SpearPointTrader

  1. SpearPointTrader
    Well, I have to say, this is a fairly mean spirited, ego centric discussion. Can you people be any more narrow minded? These markets are ruled by various forces, ultimately rooted in the human mind, and the forces generated by human's physical needs. These are reoccurring. We need to eat every day, for example. These forces are counter balanced by the reality of production. Although we need to eat every day, crops are only harvested in the fall, for example.They reoccur over, and over again as time marches forward (sort of like the Sun rises every morning, and sets in the evening). These two combined become our supply/demand matrix. The supply/demand matrix is reflected in the charts, that also cause various patterns that reoccur over, and over again in the price action. For those of you who obviously do not know what price action is, it is when the price rises, or falls in comparison to a previous point in time. This can be plotted on a chart (which btw, is the entire purpose OF the chart) Since the price action reflects these market forces fairly reliably, in that the same forces, reproduce the same patterns over, and over; one can learn to spot them early, and profit from trades based on the pattern to continue it's formation. This is what is referred to as a 'Setup' So maybe you guys might want to take a moment to stop bashing everything around you, and maybe consider it is you, who does not 'Get It'
  2. SpearPointTrader
    for me, simply learning to not care made a huge difference. Sometimes, I still do stupid things though. Yesterday in Hogs, I had an 'Almost' set up. There was one detail that told me not to enter the trade. However, I had seen that warning fail plenty of times before, so I jumped in. The market started to go my way, which reinforced my thought that the warning would fail...then it turned on me. Now, it had already been going my way, and it was clear I made a mistake early enough. I got out with a $20.00 loss. The market continued up and was still moving the wrong way all day today. The thing is, I knew I made a gamble. So at the first sign it wasn't going to pay off I just exited before I had a real loss. My first mistake was making the trade in the first place. However, my lack of attachment to it allowed me to just exit and not really care that I just lost. I could have listened to my gut, and got out with a +20, just as easily. I waited a bit, and suffered the loss. However I didn't wait too long, so I kept it really small. The thing is, is it really does not matter what i did (other than the fact I should not have traded it in the first place). What mattered is that i was detached from the situation, and living only in the moment, like how a surfer rides the waves. To be good at this stuff, you don't need to get to know your 'Self' better. You need to detach from self, ignore it, as well as detach the emotion from the market, and just live in the moment like a surfer does when he rides a wave.
  3. SpearPointTrader
    Actually, that is a very good idea. If you genuinely do so with the intent of being able to teach someone with it, you will be a much better trader when you are done.
  4. SpearPointTrader
    Well, maybe if you guys were more respectful, and not have treated me like I am some sort of scum bag, for no rational reason whatsoever, then you would not have to. Instead, you dug your own grave with me, and now have to hide behind the ignore button like a little child.
  5. SpearPointTrader
    I didn't teach anything you'd pick up on. I basically explained how my mind set graduated from the way you think, to the way I think now. I used the example that brought me to my understanding. Maybe a non trading example will sooth your tiny mind. In martial arts, they say you don't truly learn your art, until you have to teach it. I think this is very true in many endeavors. However, when it comes to teaching, that is an art all unto itself. The reason you think trading cannot be taught, is due to the fact that you do not understand the art of teaching at all. If you did, you would see that the things you write are just plain silly.
  6. SpearPointTrader
    I used to think like you. However, I came to realize that everything I thought was unteachable, was just so because I was not consciously aware I was doing them. A good example is trading outside the bollinger bands. I used to look at the set ups, and buy or sell instinctively based on whether or not I 'Felt' the price had reach maximum exhaustion, or had more room to go. When I was writing my course, I was trying to think of a way to communicate a skill I thought was purely instinctual. However when I really studied my past trades, I began to see a pattern. Then it hit me. I was subconsciously trading this pattern and not even knowing it! Once I figured out what it was, and it came into conscious focus, writing down the rules to follow was pretty easy. These rules, when applied to other more commonly known set ups, helped make them more efficient. An example of that is the key reversal. Sometimes they mean something, and other times they don't. Now I have rules that qualify them, so I know when to trade them, when to use them as exits for an existing trade, and when to ignore them all together. Something that was a 50/50 gamble, now pays of for me 70-80% of the time. The truth I discovered is that if a man CAN do something, then it can be taught; if he can identify it's base elements and then break them down into a defined, step by step curriculum.
  7. SpearPointTrader
    I am male. .................
  8. SpearPointTrader
    I don't care ...................
  9. SpearPointTrader
    So, after the forum totally disparages me for all my hard work and genuine desire to share, now you want me to just give it away to you for free? Really? Fat chance. I'll stick to being open on the forum I have been posting on for 10 years. I dumped my whole system on them, over time, because they are respectful and appreciated my input. And quite frankly, those guys helped me immensely in the first place anyway.
  10. SpearPointTrader
    The point of my posts was that the over all theme of the thread was that only scammers sell their courses. *I* am not a scammer, and I very genuinely wrote down what I do in great detail. I never had any intention of scamming anyone. Yet somehow as soon as the idea to sell the course got around, I all of a sudden got turned into a slime ball. since I am not a slimebal, or a scammer, and never intended to rip anyone off, my thought is that the perception is not only false, but likely propagated by people who have never even examined all these courses in the first place, and thus have no basis for condemning them. Tamms proved my point quite eloquently. Now I am just sort of following the after party.
  11. SpearPointTrader
    You cannot succeed in this business if you are a follower.
  12. SpearPointTrader
    That is hardly a service. It's two buddies talking trading. There is nothing magical about it. I taught him a bollinger band squeeze and how to trade break outs of it as well as some basic spear point entries and a few other little things. I am sure it's all stuff the egotistical experts around here know intimately, and probably discount as "Amateurish"
  13. SpearPointTrader
    Do people not read? I killed the project like months ago. I provide no services to anyone. I have no plans to ever put the course on the market. It never even went into printing. I think I have made that perfectly clear, repeatedly, adnausium. This forum is full of crazy people.
  14. SpearPointTrader
    Take an add out for what?
  15. SpearPointTrader
    Well, I certainly am not going to pay someone to do something I can do better.
  16. SpearPointTrader
    Who even knows LOL!! It's been a fairly interesting conversation, and for sure it's slowed down my drywall work in the office here. If I was smart, I would have turned off the computer and just frik'n got it done.
  17. SpearPointTrader
    Why, because I see day trading as a risk management tool?
  18. SpearPointTrader
    Well, I suppose if you are talking sheer volume of contracts you are trading, then you may have a point. When I took my course though, they were not advocating day trading. They taught us to position trade. I came to day trading later, as a risk management tool (Can't loose when the market tanks over night, if you aren't in it)
  19. SpearPointTrader
    The CME get's thier's either way though. How people trade has nothing to do with it.
  20. SpearPointTrader
    Yeah, phone sales!! Glorified inbound telemarketing from what I could see. They got nailed for deceptive sale practices, failure to properly supervise etc... so I just kept doing what I was doing before. I never actually completed the process under them.
  21. SpearPointTrader
    HA!! LOL! Sort of. The broker I was going in under got nailed for deceptive sales practices while I was in the apprentice program, before I actually took the test.
  22. SpearPointTrader
    Ahh, got yah. That is because I have no detail in the post. That is the thing with trading 101. You get concepts, but not enough detail to make it work successfully. It just the first step.
  23. SpearPointTrader
    You know, I had a conversation with my broker along this very same subject once. I have to be honest, the course I took years ago was basically trading 101. They described your basic support & resistance, tend lines, basic fib numbers and such as well as some pattern break out trading and the use of a handfull of indicators and volume /open interest. I think they taught a Moving Average crossover too. The real gems actually came from a professional trader who stopped in to see how the teacher was doing during the break. I struck up a conversation with him on the way out the door to find a vending machine. He actually gave me some keys that proved to be very successful tweaks once I figured them out. I will never forget that he looked like he just gave me the keys to the universe, and he was sure that it went right over my head...and it probably would have if he hadn't looked at me like that.
  24. SpearPointTrader
    Amateur hour? Really? never heard that one before. So tell me, what do you professionals do different?
  25. SpearPointTrader
    What is absurd about that?
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.

  I accept