are you paying Baron money to spam your crap here? if not, you need to get the hell off this site blackguard
Hey smart guy, #1 - I am not the original poster. Again, I ask if you can read? #2 - Read the first post where the OP clearly states that he asked for permission from Baron. Are you that obtuse or just cannot focus long enough to read a post?
OK - all great questions. First note the language - who started with as LITTLE as $1000. Of course not everyone started with so little money. In fact many of our subjects caution about being under capitalized and even spell out exact rules as how much capital per contract they consider prudent. That having been said - the copy you quited came off a book jacket cover and it wouldn't be a book jacket cover if it didn't have a doze of hype. After all book jacket covers are advertising and that by definition is hype. Still the 1000 dollar story is true. It comes from this amazing guy in South Africa named Hoosain who has an incredibly hard standard for testing systems. Basically he demands that any new system triple your demo account twice before going live. How many of us have the patience and perseverance to do that? Yet that's what it takes to win in his game. As to the 2nd part of your question. The book is different because it focuses solely on retail traders who risk their own money, not hedgies who use OPM.
Has nothing to do with our day job. This is a project we did ourselves with our publisher John Wiley and Sons.
I appreciate the fact you asked Barron for permission to post... I find your first paragraph in your sample chapter is interesting... with the first tip being about fundamental divergences... <i><b>"1. If the News Is Good but the Stock Plummets, Buy the Crash... Buying crashes is not for the faint of heart. For many traders, the experience is akin to jumping out of a plane without a parachute. Yet Dana Allen has made his living doing just that. How does he profit from other traderâs losses? By looking for tell-tale signs of divergence. Technical divergence setups where price makes a new high but momentum indicators do not is one of the bread-and butter routines of many successful traders. However, Dana Allen takes the idea one step further by trading fundamental divergence. He likes to buy stocks that sell off on good news speculating that the initial reaction is often simply due to short-term profit taking. Once the sellers are done, Dana likes to scoop in and buy value at a cheap price and then quickly resell it higher once demand reappears. By making sure that he only buys quality companies with good news, Dana has the fundamental support for his trades and more often than not is able to bank gains in the process."</i></b> I don't follow Jim Cramer's picks but his strategy is very similar to this... <img src="http://www.enflow.com/p.gif">
And gets permission let them. A book is alot of work. This one has an interesting thesis. (its not necessary to get a 2-1 risk reward if you have a high winning%). Its one thing to spam some system, but if an author who's put alot of work into researching something wants to start a (notice I said a ) thread and gets permission more power to them. Now I just diddle around a little on the es while I do divorces at 150 + an hour, but I like reading trading stuff and this is certainly an interesting book.
How long have these traders that you profiled been trading.... I think that is important to know... as to assigning value to what they say or not... thanks... <img src="http://www.enflow.com/p.gif">