Much like the great crusades of the past, you will probably end up surprised at how little you find. A profitable trading statement (Annual) is as hard to come by from a vendor.
I believe it is like this in every business though. GS makes more money off of services, transactions, etc.
Where I develop real estate in Hawaii, there are so few 'real' developers that it is a joke to find one. They don't exist. People only want to sell you services. So, when I tell people I am a developer they ask me who I work for... haha...
They don't get it.... I don't think this is something you or anyone can change. But, for me personally, it sure is inspiring to see some profitable traders share their good fortune.
I appreciate the transparency, coming from the retail biz your quality of product and service will eventually speak for itself. But members must remember a mentor/teacher can only go so far, the other half is the student. Success to all Happy New Year.....
Broker/Data: Mirus Futrues, Zen-Fire, IQFeed, Kinetick
Favorite Futures: 6E, CL, GC
Posts: 132 since Apr 2010
Thanks: 22 given,
You are correct...a mentor can only do so much. But could it be that success doesn't come from learning, hard work, practice and self-control? Maybe not even from dedicated mentorship or mastery of a good system? Alas, I have come to realize that the secret to lasting success comes from a trader/mentor who has spent decades honing his craft. But, his skill, his extensive knowledge, his vast experience and his ability to teach are meaningless in the divine presence of the Holy Grail of Transferable Success...the trading statement. It's so simple. You can see the energy flow right through the paper. One merely needs to tap his followers on the shoulders with it, as in a knighthood ceremony, and ***POOF*** everyone can skip the work, become filthy rich and all is forever well in the land of bulls and bears. The trading statement...it's magic I tell ya...
Hope ya saw the satire, Babypowder (you gotta tell me the story behind that name, lol)
Yesterday was my New Year holiday, so I had the opportunity to trade all day instead of going to my day job, and spent the day in the Felton trading room for the first time. First, on my own... my autotrader lost $700 (it has about 10 loosing days a year), then I managed to loose another $300 on my own charts and methods. At a thousand in the hole, and at a relative disadvantage because I don't have his indicator system, I started really following what was going on in the room. Using charts styled after his and trying to heed what they're teaching I traded my way back to +$50 for the day.
Most if not all the trades shown are in simulation, but there is no attempt to conceal that. Many instruments are followed, yesterday trades were shown on CL, 6E, GC, and probably others.
I'm grateful for the offer Roger made to assist Big Mike members and what I've learned so far.
The following 5 users say Thank You to fluxsmith for this post:
fluxsmith, i am curious to know. Since there are only a hanful of setups available for any instrument (most are known and widely public) like similar top/bottom, swing continuation or bounce off a trendline, MA etc. I suppose it's not the setups that are particular so if it's not the 'system' what would you say is unique about his approach ? Unique enough to shout eureka! here is a method or approach that will transform my entire trading cosmology. You will still chop wood as before but your realisation will be different.