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Well, just buying a course will not help. However studying the course, and mastering the skills is what makes the money.

 

You are right, trading is an ever changing environment. This is why I prefer indicators that are in constant flux. For example, I prefer to use the upper bollinger band to find resistance, than the last turning point. This is because it is vastly more accurate due to the fact that is is constantly adjusting with the current conditions.

 

I like a layerd approach as well. I use the old fashioned lines of support and resistance, trend lines and patterns of congestion to identify market that are ripe for a trade. However come entry time I am using fluid indicators like the Bollinger bands to actually place my trades.

 

I also believe in knowing as many good high percentage set ups as you can. I have 8 main ones I use over and over(the core of my system), but if I see one, I will trade the break out of a channel or a 3 bar inside outside day, (or a double inside day) in a heart beat, even though they are not technically part of my core method.

 

I also take into consideration bull and bear flags, and triangles and pennants. All these things are all parts of different methods i have studied over time. They all make an impact and help me choose what to do, and when.

 

Sorry sir but your description of how you trade sounds like amateur hour to me... You are describing any basic trading book not anything that IMHO will lead to a profitable trading business... and nothing that should ever be foisted on the public as expertise..

 

The more you reveal the more I am confident that you did the right thing by not offering your "course" to the public...

 

If there is an upside here it is that you never do... :2c:

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Sorry sir but your description of how you trade sounds like amateur hour to me... You are describing any basic trading book not anything that IMHO will lead to a profitable trading business... and nothing that should ever be foisted on the public as expertise..

 

The more you reveal the more I am confident that you did the right thing by not offering your "course" to the public...

 

If there is an upside here it is that you never do... :2c:

 

Amateur hour? Really? never heard that one before. So tell me, what do you professionals do different?

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There is one advice I learned from my last trading instructor and I would like to pass it on: “don’t believe the trading information you receive “FREE” from the CME group is valid.

 

Had they given you the right trading information they will go bankrupt”

 

Basically what he meant they want you to trade a certain way one which will benefit their profit margin they hiding other information from us. They promote for “free” all the gurus who will make them money

 

YOU WILL NEVER FIND IN THEIR WEBSITE AN INSTOCTOR WHO ADVOCATE A DIFFERENT APPROACH ONE WHICH WILL MAKE MONEY FOR TRADERS BUT WILL BANKRUPT THE CME GROUP

 

My message is: “you damned if you buy a trading course and damned if you don't"

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Amateur hour? Really? never heard that one before. So tell me, what do you professionals do different?

 

I think he just means that your description reads like a TA 101 book.

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There is one advice I learned from my last trading instructor and I would like to pass it on: “don’t believe the trading information you receive “FREE” from the CME group is valid.

 

Had they given you the right trading information they will go bankrupt”

 

Basically what he meant they want you to trade a certain way one which will benefit their profit margin they hiding other information from us. They promote for “free” all the gurus who will make them money

 

YOU WILL NEVER FIND IN THEIR WEBSITE AN INSTOCTOR WHO ADVOCATE A DIFFERENT APPROACH ONE WHICH WILL MAKE MONEY FOR TRADERS BUT WILL BANKRUPT THE CME GROUP

 

My message is: “you damned if you buy a trading course and damned if you don't"

 

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.

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I think he just means that your description reads like a TA 101 book.

 

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.

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There is one advice I learned from my last trading instructor and I would like to pass it on: “don’t believe the trading information you receive “FREE” from the CME group is valid.

 

Had they given you the right trading information they will go bankrupt”

 

Basically what he meant they want you to trade a certain way one which will benefit their profit margin they hiding other information from us. They promote for “free” all the gurus who will make them money

 

YOU WILL NEVER FIND IN THEIR WEBSITE AN INSTOCTOR WHO ADVOCATE A DIFFERENT APPROACH ONE WHICH WILL MAKE MONEY FOR TRADERS BUT WILL BANKRUPT THE CME GROUP

 

My message is: “you damned if you buy a trading course and damned if you don't"

 

Actually, that comment seems just a bit jaundiced. I took my first course at CME..it was the best $24. I ever spent.

 

Most "Instructor/Experts" are just marketing guys with varying degrees of expertise..many who can "Talk the Talk" but can't "Walk the Walk." Newbies are easily impressed.. and misled... Sure, I can buy someones trading ATM for $XXX.. let me get my checkbook..wait here..I'll be right back.

 

SpearPoint references Brokers & Series 3...sounds like he might have tried to enter the business from that side... There are two types of retail brokers..those who service retail and those who are "equity raisers" the job is to bring in the lambs to take to the slaughter to convert equity to commissions... Fortunately the NFA has put many of those out of the retail business...but they always find a way. After all if you disclaim and disclose you can literally rob people blind...

Edited by roztom

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There is one advice I learned from my last trading instructor and I would like to pass it on: “don’t believe the trading information you receive “FREE” from the CME group is valid.

 

Had they given you the right trading information they will go bankrupt”

 

Basically what he meant they want you to trade a certain way one which will benefit their profit margin they hiding other information from us. They promote for “free” all the gurus who will make them money

 

YOU WILL NEVER FIND IN THEIR WEBSITE AN INSTOCTOR WHO ADVOCATE A DIFFERENT APPROACH ONE WHICH WILL MAKE MONEY FOR TRADERS BUT WILL BANKRUPT THE CME GROUP

 

My message is: “you damned if you buy a trading course and damned if you don't"

 

What are you talking about? The CME collects exchange fees for each trade, so they want as many to trade as much as possible. You are not trading against the CME.

 

The CME Group's website has a wealth of knowledge on their website. They have also published a handbook that's available through all major bookstores. There are a lot of vendors that use their site for spreading nonsense, but there is a lot of technical information that is useful.

 

I am often surprised by the fact that hardly anyone knows the mechanics of the market and instruments traded. That's the kind of stuff you should learn from books and courses. Figuring out how to make money is something each trader has to do on his/her own.

 

It seems most retail traders don't even know what a forward curve is (e.g.), it's all about staring at a chart of a particular time series without any context at all.

 

The market is a constant problem-solving exercise. The key to success is to think creatively and independently.

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Actually, that comment seems a bit jaundiced. Most "Instructor/Experts" are just marketing guys with varying degrees of expertise..many who can "Talk the Talk" but can't "Walk the Walk."

 

SpearPoint references Brokers & Series 3...sounds like he might have tried to enter the business from that side... There are two types of retail brokers..those who service retail and those who are "equity raisers" the job is to bring in the lambs to take to the slaughter to convert equity to commissions... Fortunately the NFA has put most of these out of the retail business...

 

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.

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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.

 

Apprentice? You mean phone sales, right?

 

So how did that work out for you?

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Apprentice? You mean phone sales, right?

 

So how did that work out for you?

 

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.

Edited by SpearPointTrader

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Lots and lots and lots of emotion here over these pages. Emotions come out when someone has something at stake that they are afraid to lose. It reminds me of someone who is stubborn and suck in a losing trade.

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What are you talking about? The CME collects exchange fees for each trade, so they want as many to trade as much as possible. You are not trading against the CME.

 

 

 

 

This is exactly my point, they will never promote on their website a guy who advocate a different approach of trading one who will make the money for traders but will bankrupt the cme (by reducing their commission)

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What are you talking about? The CME collects exchange fees for each trade, so they want as many to trade as much as possible. You are not trading against the CME.

 

 

 

 

This is exactly my point, they will never promote on their website a guy who advocate a different approach of trading one who will make the money for traders but will bankrupt the cme (by reducing their commission)

 

You'll have to go a long way to BK CME...

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What are you talking about? The CME collects exchange fees for each trade, so they want as many to trade as much as possible. You are not trading against the CME.

 

 

 

 

This is exactly my point, they will never promote on their website a guy who advocate a different approach of trading one who will make the money for traders but will bankrupt the cme (by reducing their commission)

 

The CME get's thier's either way though. How people trade has nothing to do with it.

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The CME get's thier's either way though. How people trade has nothing to do with it.

 

If I swing trade one contact a week or I scalp the market 100 contact a week at the end of the year the CME will have the same balance sheet?

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The CME get's thier's either way though. How people trade has nothing to do with it.

 

If I swing trade one contact a week or I scalp the market 100 contact a week at the end of the year the CME will have the same balance sheet?

 

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)

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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)

 

The more you talk the more you reveal that you not a trader

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The more you talk the more you reveal that you not a trader

 

I would say that the same goes for you. Good luck bankrupting the CME!

 

In fact, I feel that I am becoming less of a trader participating in this abomination.

 

I'll leave you guys to it...

 

Adieu!

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Spear: I'm curious..what are you getting out of being on this thread?

 

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.

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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.

 

why do you have to do it yourself?

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