Did Robert Hoffman really lose 312K in a single TF trade? Yikes!

Discussion in 'Trading' started by Jreality, Jul 19, 2011.

  1. Any idea why he and TTM broke up? It didn't seem like a mutual breakup from the responses I've seen.
     
    #291     Sep 27, 2012
  2. NoDoji

    NoDoji

    [​IMG]

    In all seriousness, if you want to learn to really trade, just ask...plenty of great traders here who will help.
     
    #292     Sep 27, 2012
  3. Hahaha great photoshop!

    I only signed up here to be able to try and search for your mysterious book that I don't think you ended up releasing or try and find the threads I saw referenced that you apparently made on beginner strategies which I couldn't find because you have made a million posts and the search is so limited on this site.

    Then was searching for Volman reviews and found this thread with the statement above.

    I really want to learn to trade, help me find your material!
     
    #293     Jan 15, 2013
  4. NoDoji

    NoDoji

    I have no material other than some of my posts with chart annotations which are in various threads (CL Redux, older ES Journal, and metal's Simple Price Action Approach).

    The way I trade is based on the same price action concepts covered in Volman's book and in Brooks' Reading Price Charts Bar By Bar.

    I've evolved my own style out of that material, but the core concepts fully apply to my trading.
     
    #294     Jan 15, 2013
  5. Am beginning to read Brooks (say beginning have been reading for months and still haven't made a real dent) and love it but am sure I'm not taking it all in, at least this time round.

    Have ordered Volman and am eagerly awaiting arrival.

    Had been developing my own style on daily and H4 but now so heavily influenced by Brooks it's morphed significantly which is why I think your posts will be useful.

    Have some time coming up in the immediate future (current contract ending and nothing on the horizon) so want to be as prepared as possible to maximise the time I have.

    Thanks for the reply I'll go on the hunt once more,

    Thanks,
    Slip.
     
    #295     Jan 15, 2013
  6. Jreality

    Jreality

    Does anyone know if he ever traded his way back and recovered the 312K he lost from that trade? (and not just recovered it from collecting subscription fees)
     
    #296     Jan 15, 2013
  7. kut2k2

    kut2k2

    Does it really matter?
     
    #297     Jan 15, 2013
  8. Jreality

    Jreality

    It doesn't really matter. I'm just curious. I always thought that, even if his trading method were profitable for himself, it wouldn't work well for most people (too stressful and too risky).
     
    #298     Jan 15, 2013
  9. NoDoji

    NoDoji

    I wish Volman's book had been around before I first read Brooks because Brooks was more confusing to me than Farley, which I didn't think was possible. But somewhere in there as I spent half an hour studying each little chart day after day, a few ideas stuck and I began to see in real time some of the things he described.

    I read Volman quite recently and his book is simply fantastic. It provides a real solid foundation to price action and risk management, and his writing style is quite entertaining.

    You won't take any of it all in until you experience it at the hard right edge again and again.

    My biggest complaint about all these trading books is that they only seem to post charts that show what happened next. There needs to be a book of standard price action setups at the hard right edge in all their variations. This could be followed by the "what happened next" charts showing both successes and failures.

    My 2 cents.
     
    #299     Jan 15, 2013
  10. WS_MJH

    WS_MJH

    Jack Swager's TA textbook does that. There's around 250 pages of that, but it's his strategies.
     
    #300     Jan 15, 2013