He is not welcome on futures.io (formerly BMT) due to him using futures.io (formerly BMT) to promote his vendor business against our rules. Please keep in mind I gave this guy a free iPad years ago for winning one of our Journaling contests, so the decision was not taken lightly but I did not appreciate his tactics.
I'd also like help from futures.io (formerly BMT) members that might follow CJ to ensure he is not using any Elite tools from futures.io (formerly BMT), as he is not/was not an Elite Member - but another Elite Member in this thread gave him his Elite login info (also against our rules). I am not saying CJ used this Elite login to download Elite only tools, only that since the login info was shared, I would like help from members to make sure he is not using any Elite stuff.
That is the last thing I have to say on this subject.
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.
If you want to support our community, become an Elite Member.
The following 4 users say Thank You to Big Mike for this post:
I have not posted for a long time because I literally had given up on daytrading after blowing up three accounts in the past few years, you may have re-called I became a poster child for a "loser trader" complete with a cartoon depicting me as a baffoon.
Thanks to Charles and his mentoring my trading has definitely turned around. His new approach is very different from the former method. It is very robust! He has found a combination of simple moving averages alone with a unique type of unirenko bar that offers a very clean chart and really great high probability trades(80%)
I am now making consistant money every day with only ONE contract!!!!!
Not making a fortune, usually on a good 6-7 hour night I average $200-250.
But as my account grows I will slowly add more contracts....
Some people here can not help being envious of a man who shared everything for free.
Now he charges(just a little money) in order to weed out the true losers on this site who talk out of their AxxHxxxs
Nice to see you back and thriving on your trading. So you went ahead and had some mentoring under CJ? Does he have some special for former students in his old free room? Above 1k is still not "little money" considering you said you had spent 10k in your old thread and actually many of us have spent 10k and usually over for a lot of "trading education".
I have to say though, 6-7 hours for 20 to 25 ticks still seems kind of slow and waiting a lot unless it's a combination of win/loss over that time period. I'm now doing 15-20 ticks average in usually less than an hour with my own methods.
But glad to hear you are finally consistent. Congrats!
The following user says Thank You to Cloudy for this post:
Congrats to you as well, especially if you do not have to stay glued to your monitor for 6-8 hours waiting for the perfect setup! Yes its slowgoing, however til now I have not found anything that aproaches a 75-80% win rate like Charles method. Hey why don't you soot me an email at email@example.com and we can share some success tips.
The following user says Thank You to bobbyacim for this post:
I have followed his method and it is al about support and resistance levels just see it as a building where the floor is a support and resistance level.
I have some doughs about his performance because in some trades he is giving the trade some time and in others he moves his stop up so the trade is giving him -6 ticks instead off -11 or -12 ticks.
Another factor is that he is mentioning on his website trades that are taken by ´´institutions´´. Trading in direction with institutions.
And another factor is that he is posting his performance based on 2 contracts. Why not post the results off one contract and then you can multiply that by the amount off contracts that you are trading? Traders don´t think about how much money the are making but they are ´´playing a game´´ where it is all about points or ticks, If you think about money than you can not trade without fear and that is the biggest problem losing traders have.
And if you follow his trades than you will get some more ????????? because off trades that are taken right at a news event where you get x candles in a fraction off a second. Based on his entry criteria you cannot place a trade at that moment because price is moving too quickly just too place a trade at a certain price level.
If he wan´t too proof something just post the account performance from NT then I will believe his performance.
Just something about the time that you spend and just making 15 or 20 ticks a day I think that that is not that bad. When I trade, I have not get the time right now too trade will be trading full time from September on, I spend about the same time as you for about 6 too 8 hours a day just looking for the right trade at the right support and resistance levels and looking for a 20 tick gain per day. Markets are not always moving, so just look for the right moment to enter.
Good luck with trading,
The following 2 users say Thank You to jsengxx2 for this post: