Besides learning everything you can from guys like sle, bone, maverick74, destreiro, puffygums, and some of the other legends of ET, you can read books. Financial mathematics books are good. Any knowledge you can get about microstructure, market making, and the players in the market (banks, brokers, HFT, commercials) will be better than anything else you could learn. Industry knowledge is the thing every trader wants and needs. But, that's hard to come by. Go to this site and check out this stuff http://sp-finance.e-monsite.com/ That site is made buy quants and has nice little soundbytes like this... [I don't trade vol and make no claims about the accuracy of the statements on that site] Here's a quote from a guy who worked at the Board of Trade. Industry knowledge is solid gold. Those gurus on youtube are full of shit.
I don't know. The guy has some good comments from a long time ago. He's not here anymore. I can't find one of the better ones that I remember and his profile is deleted. Here's an example of one of his good posts. Another ET great was Martinghoul. I liked his comments.
had to chime in here Bone you are also just teaching what can be found in a book or online. its outrageous to act like spreading is "special" or that you for some reason can elevate a students profit potential just because you showed some math on random walks. you do have a special price that is for sure. 7000 dollars. wow. thats very special. spreads are not rocket science and do not have any better of a chance of being profitable than anything else outside ones ability once you add in slippage HUGE and fees Enormous. i do some pair trades and its good knowledge but would i ever tell anyone that a 7000 dollar course is worth it. no way. i would say. open an account and trade after reading a few books and searching online about trading pairs or spreads. i mean you talk like you are so much better than all the teachers at trading yet you are teaching and paying for advertising on this sute to teach. im very well versed in spreads in futures stocks curremcies and using options for a full limited risk spread maybe i should put a file together with all my collected papers and knowledge and start teaching this special area for a fraction of the cost of what you charge oh never mind even at 7k a pop it wouldnt be worth my trouble or time to teach the basics over n over. spreading is getting less and less lucrative due to the lack of liquidity and breakdown of many of typical correlations. it has become riskier due to less reward based off of an outright gain perday after execution slippage n fees most spread charts lately even done properly still resemble outright charts except you are doubling fees and commission. no issues with what you teach but if we are keeping this threas real no matter how you slice it you are just another teacher with a price as much as an online college education.
how many traders can just watch the market or their position.......and not do a thing. that cannot be taught but that is what is called trading. no coach or strategy is right all the time......only the market is ...so why are using your brains? use only your eyes...trade what you see
I think you are missing a point here. If bone or any other person that teach someone else and know his stuff that he teaches, he can not ask enough. If you are impressed with the price tag of $7000 you do not know what it takes to have a complete newbie to the stardom of succesfull trading. I know one way that cost between $50000 and $120000 to be a trader and it cost about 2 years to get it done. And that is without the capital you need to get started trading. All their disciples are traders of another catogory. I do not understand that people think they can get this done by 'free' information. It's like you want to be a doctor but you are not going to pay anyone or follow any colleges or stages in a hospital because all the information about sickness and operations are free on youtube or google to find. Guess what? You can talk about all the diseases and you are maybe even able to diagnose an illness but you are never going to be able to cure a patient or perform an operation. The stuff that doctors get paid for... The stuff where traders get paid for is insights, personal knowledge how they function and in wich enviroment, how they handle stress, understanding some basic knowledge about low risk ideas, able to make a plan that makes money for them and knowing when it will work and when not. You can not get that out of free stuff, because the persons that makes the free stuff, does not do it or know it by them self. There for is information of a real trader that is willing to take you under their wings, priceless. If it $7000 or $70000 it does not matter, if you come out as a consistent profitable trader.
Does this mean discretionary = king! Lol BTY Linda Raschke is a discretionary trader and once said many years ago “the best indicator of price is price itself.”
this has been a godo thread looking to get long downhere on the nq around 11,230 ish anyway i am not against teachers i am against teachers who dont admit yes i am teaching but i canno tmake you profitable or ones who charge high fees. even 197 a month for a room seems outrageous. i dont care if it is 4 points in es lol if it is so obtainable then why dont you make the 4 points and make the room free? my only point is that nothing will prepare you for trading and getting to know yourself than live trading! and winning and losing to understand what your weaknesses are thats all. I am not against people teaching. i used to be vehemently oppossed and thought they were all liars but you know if you get knowledge out of it then fantastic oif you can afford it. The biggest kick in the gut for teachers has been MICRO FUTURES because now on a much smaller level people can live trade
are teachers claiming to teach mkt knowledge or actually methods of successful trading? if methods of successful trading i would be very suspect since this is good today and bad tomorrow.