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Trading the Jam way


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Trading the Jam way

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  #61 (permalink)
Market Wizard
Coos County New Hampshire
 
Experience: Intermediate
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I enjoyed it. Makes me think of what's happening in some corners of futures.io (formerly BMT) now, some of our well versed traders working with the MACDBB, etc. I agree with AR01, SignalTrading seems like a class act. Wish I had met someone like Jam when I started this biz or a least read this tread when I joined futures.io (formerly BMT). Oh well..............today is fine................

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  #62 (permalink)
Juno Beach
 
Experience: Advanced
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Posts: 135 since Sep 2009

With Big Mike's permission, I will start teaching again. When my work is appreciated, then teaching becomes enjoyable, stay tuned for some new lessons and new techniques that I have learned over the last year as well. And as always, backtest yourself, and stay consistent, start in sim with your rules, then go live on a small account preferably Micro Forex. Micro Forex allows you to go live risking very little money, so you can work on psychology.

JAM

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  #63 (permalink)
Site Administrator
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JamTheTrader View Post
With Big Mike's permission, I will start teaching again. When my work is appreciated, then teaching becomes enjoyable, stay tuned for some new lessons and new techniques that I have learned over the last year as well. And as always, backtest yourself, and stay consistent, start in sim with your rules, then go live on a small account preferably Micro Forex. Micro Forex allows you to go live risking very little money, so you can work on psychology.

JAM

Jam, you are welcome here - just follow the rules: no promotion, be nice, and your golden!

Mike

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  #64 (permalink)
NY
 
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I don't see how this is different from Nexgen or from Eminiacademy.com.

Can you explain?

Thanks.

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  #65 (permalink)
Juno Beach
 
Experience: Advanced
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Posts: 135 since Sep 2009


JS12 View Post
I don't see how this is different from Nexgen or from Eminiacademy.com.

Can you explain?

Thanks.

JS,

I am not sure who Emini Acadamy is, but as far as Nexgen, I was a member years ago in that room. The reason that I left Nexgen and started my own room was two fold -
  • To teach the truth about trading and give my traders an edge by keeping them in the game without blowing out
  • To work on the psycology of trading which is 80%

Trading is not easy and some will never make it because they do not have the work ethic needed. The ones that do make it put in the work necessary and are not looking for a free ride.

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  #66 (permalink)
Green Bay WI
 
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you moved your videos? cannot view.

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  #67 (permalink)
Green Bay WI
 
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I could not take the hard sale, and could never get a straight answer out of him. Does anybody know what he charges for his services? Just curiosity at this point.

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  #68 (permalink)
NY
 
Experience: Intermediate
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Posts: 63 since Dec 2010
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rpm123 View Post
I could not take the hard sale, and could never get a straight answer out of him. Does anybody know what he charges for his services? Just curiosity at this point.


This guy's stuff is horrible. He's got way too many things going on at once. He sells all kinds of different software, and then has another course teaching you how to trade manually. So he's got like 3 or 4 methods going at once. The whole thing is way too confusing to make money.

The basic rule that all the methods have in common is to trade breakouts. That's it! There's not much more to it then that. Then he keeps telling you to trade them until you make money. So in other words, you can lose 4 or 5 in a row and you will still be trading them. It's a joke.

Unless you have a really large account that can withstand HUGE drawdowns, forget it. And even then, I still don't know that you would be ahead. If you run into a bad streak, you are done. Anything you buy from him is a waste of money in my opinion. Nobody in the room is making money consistently. If he tells you they are, ask to see their account statement for the past 6 months.

Please SAVE your money!

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  #69 (permalink)
Juno Beach
 
Experience: Advanced
Platform: Ninja and TS
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Posts: 135 since Sep 2009


rpm123 View Post
I could not take the hard sale, and could never get a straight answer out of him. Does anybody know what he charges for his services? Just curiosity at this point.

There was no hard sale as we do not employ any sales persons at all, if you would not have insulted me and my team in the trial area, then you would not have been blocked from the trial.

JAM

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  #70 (permalink)
Juno Beach
 
Experience: Advanced
Platform: Ninja and TS
Broker: Optimus Futures / Matt
Trading: multiple
 
JamTheTrader's Avatar
 
Posts: 135 since Sep 2009



JS12 View Post
This guy's stuff is horrible. He's got way too many things going on at once. He sells all kinds of different software, and then has another course teaching you how to trade manually. So he's got like 3 or 4 methods going at once. The whole thing is way too confusing to make money.

The basic rule that all the methods have in common is to trade breakouts. That's it! There's not much more to it then that. Then he keeps telling you to trade them until you make money. So in other words, you can lose 4 or 5 in a row and you will still be trading them. It's a joke.

Unless you have a really large account that can withstand HUGE drawdowns, forget it. And even then, I still don't know that you would be ahead. If you run into a bad streak, you are done. Anything you buy from him is a waste of money in my opinion. Nobody in the room is making money consistently. If he tells you they are, ask to see their account statement for the past 6 months.

Please SAVE your money!

JS12, we were going through a transition from discretionary to semi automated and now automated trading as we were building out our discretionary rules into an automated system. when you came in we were in that transition, please come back and you will see one method and one system. It is not for everyone for sure, but during the transition, I had to keep the old stuff for our original members. I will spend some time with you so you can get a true understanding and if you still feel that we are truly "horrible" then you can certainly repost this message.

Also, as far as nobody in the room making money consistently this is a false statement period, and one that you have no clue what you are talking about, come in the room and ask my members, "full Transparency" they will share account statements and live trading.

As for just breakouts, this statement alone tells me that you do not know what we do, because our system is not about entries, but instead about trade management and position sizing. Do we have a breakout trade? yes, and we have pullback trades as well, and we incorporate choppy filters, multiple contract rules with targets and trailing runners, our money is not made from the entry but instead from the exits.

Again, I invite you back in and I will personally walk you through my system and you can then write a corrected post.

JAM

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