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stressless trading - Jam's StrategicDaytrading.com


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stressless trading - Jam's StrategicDaytrading.com

  #11 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
Site Administrator
Developer
Swing Trader
 
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,396 since Jun 2009
Thanks Given: 33,172
Thanks Received: 101,537


Lornz View Post
@ Big Mike Would it be possible to add a feature that allows one to hide the "Vendors" forum and posts related to it. When I log-in and scroll through the new posts and see something called "stressless trading", I am not strong enough to resist the temptation to read it...

Not possible, sorry. Just look to the far right column when using "New Posts", it shows the forum so you can skip the ones that you don't want to read.

BTW, the best thing experienced traders can do here on nexusfi.com (formerly BMT) is to help less experienced traders. Many of which are drawn in to the "get rich quick" style of trading through purchasing indicator systems or purchasing automated trading solutions. So I hope you will not skip the thread, but instead choose to help your fellow members and continue to educate them.

Mike

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  #12 (permalink)
 RM99 
Austin, TX
 
Experience: Advanced
Platform: TradeStation
Trading: Futures
Posts: 839 since Mar 2011
Thanks Given: 124
Thanks Received: 704

The other thing that always makes me cringe is when someone claims..."works on any market, any instrument, any timeframe, any chart......"

Okay, let's be real here. If you developed a "system" that could be used on ANY chart, with any instrument, on any time frame, and it made considerable profit with dreamy drawdown.....why on Earth would you sell it.

What you're basically saying is...the system has no saturation.

You'd be like the borg. Once you took over one instrument to the point of saturation, you'd simply move to the next one. There'd be no limit to how much money you could make.

"A dumb man never learns. A smart man learns from his own failure and success. But a wise man learns from the failure and success of others."
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  #13 (permalink)
 tony2604 
Europe
 
Experience: Intermediate
Platform: NinjaTrader, CQG Trader
Broker: Mirus
Trading: currency futures, forex
Posts: 79 since Apr 2010
Thanks Given: 39
Thanks Received: 42


Hi,

true sentence. I - try to - do, my employees do, my kids do and even my dog is learning every day.

Thatīs why Iīm happy where I am.


PS: and if you could write this also in 5 languages then you can say dumb. LOL

Have a great day!




RM99 View Post
The other thing that always makes me cringe is when someone claims..."works on any market, any instrument, any timeframe, any chart......"

Okay, let's be real here. If you developed a "system" that could be used on ANY chart, with any instrument, on any time frame, and it made considerable profit with dreamy drawdown.....why on Earth would you sell it.

What you're basically saying is...the system has no saturation.

You'd be like the borg. Once you took over one instrument to the point of saturation, you'd simply move to the next one. There'd be no limit to how much money you could make.


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  #14 (permalink)
 tony2604 
Europe
 
Experience: Intermediate
Platform: NinjaTrader, CQG Trader
Broker: Mirus
Trading: currency futures, forex
Posts: 79 since Apr 2010
Thanks Given: 39
Thanks Received: 42

Did I say "rich quick"? I wrote 2 years and also 2 blown out accounts.

Strange.




Big Mike View Post
Not possible, sorry. Just look to the far right column when using "New Posts", it shows the forum so you can skip the ones that you don't want to read.

BTW, the best thing experienced traders can do here on futures.io (formerly BMT) is to help less experienced traders. Many of which are drawn in to the "get rick quick" style of trading through purchasing indicator systems or purchasing automated trading solutions. So I hope you will not skip the thread, but instead choose to help your fellow members and continue to educate them.

Mike


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  #15 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
Site Administrator
Developer
Swing Trader
 
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,396 since Jun 2009
Thanks Given: 33,172
Thanks Received: 101,537


tony2604 View Post
Did I say "rich quick"? I wrote 2 years and also 2 blown out accounts.

Strange.

I am talking in general terms - I have not looked at this site or the product.

When I say get rich quick, I mean your latest "discovery" of this solution. As in --- if you found this system 2 years ago, you would be rich right?

Any system advertised in this way, to me spells out "get rich quick". If the system were advertised in a way that said you had to closely monitor it, and constantly adapt it to the current market, it is one thing - but any system advertised as just turn it on and it makes money, to me that is "get rich quick".

Mike

We're here to help: just ask the community or contact our Help Desk

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  #16 (permalink)
Charles
Indianapolis
 
Posts: 1 since Aug 2011
Thanks Given: 0
Thanks Received: 0

I was honestly looking to buy this product, but in doing so I always look for reviews and such of the product. Which lead me to this forum.

In short, I have no experience in trading futures, or forex, I know nothing. I figured maybe one of you can point me in the direction of a product that is worth the investment and time.

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  #17 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
Site Administrator
Developer
Swing Trader
 
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,396 since Jun 2009
Thanks Given: 33,172
Thanks Received: 101,537


Charles View Post
In short, I have no experience in trading futures, or forex, I know nothing. I figured maybe one of you can point me in the direction of a product that is worth the investment and time.

There is no "product" that is going to make you money trading. The sooner you realize this, the better.

There are no short cuts. There are no holy grails.

If you want to become a neurosurgeon, earning hundreds of thousands per year, you have to attend many, many years of medical school, you need degrees, licenses, and a huge amount of hands-on experience.

The same is true of almost any professional career. Trading is no different.

The best resource for information is to read the posts and threads on the site, and start participating on the forum. In a few years, you'll begin to make sense of it all, and you'll have a chance to earn some money if you have worked very, very hard.

Mike

We're here to help: just ask the community or contact our Help Desk

Quick Links: Change your Username or Register as a Vendor
Searching for trading reviews? Review this list
Lifetime Elite Membership: Sign-up for only $149 USD
Exclusive money saving offers from our Site Sponsors: Browse Offers
Report problems with the site: Using the NexusFi changelog thread
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  #18 (permalink)
 
Lornz's Avatar
 Lornz 
Oslo, Norway
 
Experience: Advanced
Platform: CQG, Excel
Trading: CL
Posts: 1,193 since Apr 2010


Charles View Post
I was honestly looking to buy this product, but in doing so I always look for reviews and such of the product. Which lead me to this forum.

In short, I have no experience in trading futures, or forex, I know nothing. I figured maybe one of you can point me in the direction of a product that is worth the investment and time.

You could start by looking at the free resources at the exchanges, e.g.:

Futures & Options Education for Effective Trading Strategies and Risk Management - [AUTOLINK]CME[/AUTOLINK] Group

CBOE - Options Learning Center (Options)

For a comprehensive understanding of the mechanics of the futures market, get this book :

Amazon.com: The [AUTOLINK]CME[/AUTOLINK] Group Risk Management Handbook: Products and Applications (Wiley Finance) (9780470137710): [AUTOLINK]CME[/AUTOLINK] Group, John W. Labuszewski, John E. Nyhoff, Richard Co, Paul E. Peterson, Leo Melamed: Books

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  #19 (permalink)
 dlatbm 
Sydney Australia
 
Experience: Advanced
Platform: SierraCharts, NT
Trading: ES,TF,CL, SPI,
Posts: 73 since Nov 2010
Thanks Given: 6
Thanks Received: 23


RM99 View Post
Everyone wants some extrinsic agent to make the decisions for them, to remove stress.

If you're paying for a room and you're A) successful and B) Actually learning how to replicate the results so you can eventually do it on your own (in intimate detail), then that's great. It's a good bridge.

My experience with the one trading group I was in, was that the moderator used different charts than me, had different platform and there was no video feed, only skype, and so even though the group was profitable, I felt like if the moderator was runover by a bus tomorrow, took an oathe of silence at a temple, moved to Antarctica,....whatever, I'd be left high and dry.

So I set out to learn and discover on my own.

I think groups and seminars and training are great when you're just starting out, but I also feel that eventually, if there is such a thing as intrinsic reward (job satisfaction, pride, sense of accomplishment, etc) with trading, it's only found when you blaze your own path.

Is it more stressful making your own trading decisions? Surely. Is it more rewarding? Possibly. Is it less "risky" in terms of discovering the group or the leader left, died, was sued and shutdown, etc, tomorrow? I'd say absolutely.

Furthermore, you may discover that the trading room you're using is holding you back from profits you never realized you could attain.


tony2604 View Post
Hi trendisyourfriend

Iīm not owner of the room and I donīt get a commission and moreover I donīt know the actual room-fee as Iīm lifetime member (as in 2 other rooms).

I informed you about quality. If you use it is on your end.

PS: trendisyourfriend untill the end, and this only 20% of the time, Barry says (great teacher too, other room)

Greetings

Tony,
this guy a makes sensible point - What happens if JAM is affected by any of these events tomorrow, you can continue working with the indicator/strategy but there would be any further enhancements to it?
How many people are in the group?
Thanks

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  #20 (permalink)
 
JamTheTrader's Avatar
 JamTheTrader 
Juno Beach
 
Experience: Advanced
Platform: Ninja and TS
Broker: Optimus Futures / Matt
Trading: multiple
Posts: 135 since Sep 2009



Big Mike View Post
I am talking in general terms - I have not looked at this site or the product.

When I say get rich quick, I mean your latest "discovery" of this solution. As in --- if you found this system 2 years ago, you would be rich right?

Any system advertised in this way, to me spells out "get rich quick". If the system were advertised in a way that said you had to closely monitor it, and constantly adapt it to the current market, it is one thing - but any system advertised as just turn it on and it makes money, to me that is "get rich quick".

Mike

Mike,

You have never been in the room and I have never stated "get rich quick" nor have I ever stated "just turn it on and make money" I would appreciate it if you would come in and learn what we really do so you will be properly informed. In fact we teach that trading is very hard and hold nothing back during our "free trials" I would expect these comments from the uninformed but not from the "owner and supposedly "unbiased"
Please retract your statements as they are not true!

BTW, we do teach traders safety and focus on no blown out accounts!

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