I don't post much on this site, but had to on this one. To say the stuff is horrible is one trader's opinion. Maybe he/she couldn't grasp what was being taught. I am a discretionary trader and always have been. I never shut out what can be learned because trading is a forever learning game. What works today may not work tomorrow. I know this from experience being a floor trader and trading electronically. You either learn to change with the markets or you just fade away and die.
That being said I was in JAM's room a couple of years ago and learned what he was teaching. I never looked at Elliot wave or studied Fibonacci in depth. I learned a few trading techniques he used using range bars that he introduced and I went and did my own research and backrtesting. I adopted a couple of methods he showed and added my own method of what I know from my own experience. Is it perfect? Heck no. Do I have losing trades? You better belive it. Do I have a few losing days in a month? Damn right. And some of those days it's because I was not mentally ready for the day.
He is honest and up front about not everyone will make it in trading and that his room is not for everyone. He stress no blown out accounts and trys to help the room with psychology which in my opinion is 3/4 the battle of trading. To say Nobody in the room is making any money would make you omniscient. If people are willing to share they will tell you. You can openly ask anyone in the room and you will get an honest response. I was getting bombarded with private messages in the beginning because I use to post my charts of my entries and then post my exits. I was getting overwhelmed by the private messages that I couldn't concentrate on my trading and I told JAM I had to leave because of distractions. I still go in the room from time to time and say hi. He has automated his strategy and from talking to those who have been with him for a year or more say they love it and are doing well.
Well I think I have said enough. It is up to the individual trader to take something they learn from whatever room/source/course they learn from and make it their own. No two traders will trade the same chart excatly the same.
I am going to open a trading room for everyone that is absolutely free. There will be some basic rules
1. No soliciting whatsoever period
2. No flaming other people and rude behavior will not be tolerated
3. Moderators will earn there privileges by being involved and teaching others
4. If you all ready know it all .... don't bother joining
The object of this room will be for everyone to learn from traders that are doing well in real time.
The finals on how it will be structured will be the result of ideas from the room and the room will be designed for day trading only and multiple time frame analysis with an emphasis on price structure.
I I can get 10 or so people interested beginners intermediate and experts all welcome, than I will purchase a 25 person room. If we get more, I can increase the room size.
I want to be very clear that this room is for teaching and learning and there will be no products for sale period. If you are accepted as a member, and you are caught soliciting you will be removed immediately.
I hope to get some traction and would love to have Big Mike and some of the other experienced trades join as moderators.
If you are interested please respond to this post and with minimum of 10 I will set it up.
Jam, what frame of reference do you intend to push ? trend trading or counter trend trading ? short or longer term trading ? You wrote no soliciting but if you propose your own developed framework and it is something that is sold, is it not considered solicitation ? What motivates you to start such a room ? is it a kind of answer to the naysayers ? Because you believe in Karma or you believe reciprocal altruism is the way to make business ?
I use three trading platforms, NinjaTrader and MultiCharts for auto trading and Motive Wave for my discretionary trading.
As for time frame I trade Range Bars always have always will, even in my auto systems. There will not be any solicitation from myself or anyone else, those are the rules. This is a way for me to give back and teach a little as well as learn from others.
There is no hidden agenda!
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