There are several reasons this can happen, but again for me and my team, it was a culmination of years moving away from indicator based trading and toward priced based trading. As a trader and mentor, I am always growing both in my trading and even more important in by ability to teach! Teaching is not easy and unfortunately you can not help everyone. Some get it right away, others do not and take awhile longer and finally, some will just never get it and blame everyone else for their mistakes!
As a teacher and a trading room, we are not without our mistakes and growing pains, and we are not without the bumps and bruises of learning and growing in both areas along the way.
Four years in business with a good size room and loyal members, so I am pretty happy with our progress!
The following user says Thank You to JamTheTrader for this post:
Im just relating what I heard in the room. I was in the room the whole time and like i said there was a canvas of "what if" applied. Very few real time trades and those were below break even....Maybe just a bad week for the method - not sure. It was lets take a look what happened this morning ect. The approach was a rehash of a commercial system I was already familiar with with a slightly different twist. Not for me but maybe a novice might find some interest with all the bells and whistles...
Speaking generically, because you (or your clients) slowly and increasingly come to the realization that what you were doing doesn't work. Just the most obvious, typical and common reason I can think of. I've been trading the same method for 5 years. You could not pay me enough to give it away, but if it didn't work, it would be worth, i'd say about $299/month
Last edited by monpere; July 17th, 2012 at 05:43 PM.
The following user says Thank You to monpere for this post:
Where do i sign up Monpere? HAHA In all seriousness what about all the newbies that signed up with this program years ago paying close to $4000. are they getting this new red and green button program for free/ Or a refund cause there is no support for original method.
Of course the only reason to stop what your doing is if it isnt working. At least he realized we are in tough times hence the new fee of only $1999..
Dont see any new signups from BMikes members
Last edited by ironman07; July 17th, 2012 at 06:36 PM.
For the traders who have nothing better than to criticize another trader/business man trying to grow and progress with changes that come with an evolving market, you can go elsewhere to comment and maybe look in the mirror and ask yourself what can I do to become a "better" trader. Trading is a lifetime of learning. Constructive criticism would be the polite way to do things. I am a lifetime member of the room and I can say that I've become a much more disciplined and now profitable trader because of it. Going from an indicator based system to a price action based one only betters what he is doing because this is how the professionals/floor traders do business (no indies). Who wouldn't want to follow the money? It's not to say that you can't use them but do not have them as your primary method to take trades. Jam is always willing to listen to his members for possible ideas in how to make the classroom better. With my trading I do not follow every trade Jam takes and do not not have the exact same screen as he does, what he has done for me is allowed me to become a successful INDEPENDENT trader who was given the proper tools needed to get the job done. Jam is a gentleman who sincerely cares about his traders and do whatever it takes to help you become a profitable trader. Just my two cents.
The following user says Thank You to Steelerman for this post:
I think it's more fine tuning of a good sound methodology. Whatever can improve results on an already profitable system I think is the duty of the vendor. The upgrades are fantastic and complement what you have already been doing for years. I've been following JAM over the past few years and watched it all come together. Is it really a problem to be better as time passes, I think not. It's a very powerful system that you can optimize to your own style, whether it be intraday trading or swing trading. Advanced higher time analysis is just the icing on the cake. Some great customized indicators that have evolved from experienced trader knowledge have made this one a no brainer. Should check it out if you haven't seen what's going on lately. Sound money management, setups by the rules, established trading plans, etc. very nice.... Well done Jam!
I have nothing to show or I would post them. I am just getting started and was just looking for someone to provide more then just their opinion about Jam's trading program. I guess I will just have to sign up for his free trial. I guess I am just confused because I have been to many web sites that say they will teach you to trade and that you will make money using their system, but very few will show you any evidence that it works. I am not looking for a get rich quick system and I also know that it will take take a lot of study time and learning, I would just like to see results from someone who says they are using the system and making money.