I purchased the John's course back in July 2010.
I only read through about halfway, and flicked through the rest. The ebook has great information on why futures, in particular why he trades the instruments that he does, and also why not other instruments. He goes over what kind of computer setup is good, talks about commissions, and the last section of the ebook is on trading setups.
The ebook and video (1hr long) are inexpensive and will provide an insight to for you to determine whether trading is for you IMO.
I am returning back to John's teachings after mild and minimal success with trading spot forex. This is due to initially not taking his teachings seriously. But I'm starting to see the value and wisdom of his words.
The intermediate course will provide you with enough info to keep your self busy for at least 1 year, if you go through if properly and take what he says seriously.
I even sent him a personal email asking for his advice on what to do as a young person starting out in life and in trading, and his advice really resonated with me, and as it was spoken from an honest perspective
I hope this helps you in your decision whether to purchase the course or not.
everybody say, and john also ,that ity is a crime to let it become a winner into a loser , but , i saw to him let it go down several times, i could believe it, but ,probably was my high expectation to watch a real trader, but i see the sames things that happens to me.
also he says"... i can t believe this stupid sizes of buying!!.. (refering to 6000/7000 contracts at one price)
or i have never see samething like this ,never...it is my firs t time, surprising about a movement
he was unable to catch a couple of ticks from several swings up and down, up and down
he miss fades and break out, almost constantly
he put the trade and instantly start to blame about it, also , showing their angry with the market???
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I reckon John is likely going through a rough time with these markets lately. The difference between him and 90% of other traders is that likely he'll be around to fight again when the volume comes back and his plays work again.
xiosi, you have notice the big difference between to watch the post/hindsight edited videos and the same session live?
the videos looks usefull and he shows a lot of things and setups, but live , live is other thing..very different
It is the same to us, hindsight vs unfold on line
i expect that i can watch him trading as unfold the market and doing that he shows on the book webinar videos, but his struggle is not a big difference than anyone can do
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basically he said learning to trade is very difficult and suggested I become a doctor, engineer or scientist.
"It will take time but the payoff will probably be better financially and mentally and it might take less time than learning how to trade profitably." <-- his words.
Then he gave me 5 tips if I wasn't willing to do the whole study, work and normal life thing.
1) Get a job first (I was a student at the time I sent the email and I mentioned this.)
2) Be prepared for a long journey...
3) don't do spot forex (metatrader spread betting)!!! DO NOT!!
and in his words (copy pasted from gmail):
"4) Paper trading doesn't cut it so if you decide to make a run at it, open an account and trade a one lot. It's the fastest and most realistic way to learn. You can watch the platforms for awhile and my material will help point you in the right direction but there's no substitute for real experience.
5 - Whatever money you trade has to be pure risk capital. You have to be fearless when in a trade. Not stupid. Fearless. Which means you can't make trading decisions based on the P&L."
hope this helps!
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Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.
Need help? 1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first. 2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses. 3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make. 4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance. 5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers. 6) Help using the forum? Watch this video to learn general tips on using the site.
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