I'm starting week with my thought about learning of trading.

I found that it is impossible to get all knowledge contained in Jim's books when I read it few times. I have to get a lot of practice, face the problems in all area (eg. context, trade management, ML) and start looking for solutions in Jim's books by reading it again. And that's what I think: all solutions are there. I just have to implement it into my behavior and trading plan.

This a lot of material and it is sometimes very difficult mentally (like trading against trend on trading timeframe) that's why process of learning must be repeated many times until aim will be achieved.

I can't imagine how Jim could learn trading without his books It must be incredibility more difficult and long process then we are faced with.

See?

Posted-02/21/2012 : 14:59:12

Originally posted by jimkane

I'd really like to see it get to that lower level today, in the RTH, but the odds, in my opinion, are increasing that it is done in here.

Like I keep trying to explain...

http://www.zerohedge.com/news/presenting-biggest-tradeoff-surging-stock-market

.685

So, Carl Futia, the world's biggest bull I have ever seen, thinks the central banks haven't printed near enough money for the markets. A good start, but just barely that. No comment.

And one of joed's many students is now up 90% in Feb, with 25 winning trades in a row. I think I can say for sure that I've never had 25 winning trades in a row in my entire career. I venture to say not even close. And 90% in three weeks? I think I can venture to say I've never been in the ballpark with numbers like that. It's just amazing the things one can read out there. But, the way it looks, these are fairly typical numbers for joed students.

Please, no one follow up with any comments about other people in here, or your opinions on them, if they are negative (the exception being something like you studied them and couldn't make it work for you, and things from direct experience). I don't want this forum to go in that direction.

I am only pointing this out so that readers can go there and study and make informed decisions on their own. If my readers can do a quick mentorship with joed (they must be quick, he said he only takes on a few students per year, and now he has, if I count correctly, testimonials from eleven people in just the short time he's had the mentoring program) and make that kind of money, well, I don't want anyone to miss a potential opportunity like that.

I mean, that is far, far, far better than the best case scenario I think anyone, myself included, could ever get from a methodology like mine. So, be sure to check it out, as well as everything else you read. Even the numbers Carl Futia puts out there, which pale in comparison to joed's autotrader and joed's students, are much more than I'd expect from my methodology. So, check out all these people. Do some due diligence. Maybe we are missing some key concepts in here.

Big decision to be made right here. They want 'up', of course, but they'll have to prove themselves right here, right now, if they are to get it.

Crude may be making a move here...

Crude put on like a buck, just like that. Another new high for the entire move. 106.71 by my data. Good thing the economy is so strong, to handle these prices.

Gold is exploding. I guess they are going into frenzy 'risk on' here.

Nonetheless, have some respect for this ES area here, just in case...