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Benefits
of Commodity Traders Club
& Real Success Method
- JM
I
know its been some time since I've checked in with
Commodity Traders Club. I just wanted to take this
opportunity to say thank you. Not only for the "Real
Success" tapes, but also for the ongoing benefits
of receiving the CTCN newsletter and your website(s).
I
find myself going to the website at least a couple
of times a week to re-read some past articles, or
just to see what's new.
Recently
I found Art Simpson's "Phantom of the Pits" Tough
reading, but good stuff. Just one concept ratcheted
my success up at least twenty notches.
For
years I had been taught, and believed, that you set
your position, set your stop (by whatever means) get
out at your profit objective or Let the Market Prove
You Wrong! Man, this last bit of "wisdom" cost me
both money and emotional scar tissue!
I
read and applied "POPS" theory; that It’s Not The
Market's Job To Tell Me When I'm Wrong . . . It's
Mine. I can't tell you how much money and pain this
has saved me. Now I can set my position, allow the
market to prove me correct, or if it doesn't, within
an appropriate time, be out like a scalded cat. Am
I out sooner sometimes? Yes. Will I put on a few more
trades during a given time frame? Sometimes. Am I
in a much better frame of mind after taking a $70
hit per contract (commissions included) rather than
$200 or $250 whack in the head? YES!
I
know this is very personal and probably falls under
the 20% of any methodology that is not purely mechanical,
but my account balance and peace of mind tells me
it sure works for me. I can now enter 2 or 3 trades
(if necessary) with a much better chance of catching
a real move rather than sitting around in a choppy
or sideways market and watching the market take bites
out of my butt until my stop is hit.
Sure,
it takes more agility, but that's one of the aspects
of day trading that draws me to it. It keeps me alert
and on my toes, and my account balance and ability
to act in tact. Art's materials have been beneficial
to me. I still re-read these articles every month
or so.
I
first ordered "Real Success" videotapes and course
in April of 1999. It's taken a bit longer than I originally
expected to get where I am, but with the tapes, your
support and the ongoing education I receive from your
website(s), I will be trading for a living within
the next two or three months.
Keep
the forum alive. It's the best stuff out there. Looking
forward to my Real Success-2.
Real
Success-2 Video Trading Course Feedback MJ
It's
Friday afternoon after the close. I just thought I'd
give you some feedback after the first full week of
trading with the "Real Success 2" trading methodology.
I
received the tapes and immediately locked myself in
the "immersion room" to see if I could digest them
before Monday's opening.
To
be honest, at first I was a little taken aback. After
trading successfully for more than a year with the
original "Real Success" method, where were my trusted
swing-highs and swing-lows? What is this stuff about
Keltner reversal bars? What is a Keltner extreme move?
How am I going to trade 1-minute bars?
After
the initial shock wore off, I realized that you had
not only made the trade methodology in the first series
more sound, but enhanced and expanded upon it with
completely new material. Great job!
By
Monday morning, I thought I was comfortable enough
to boot up and give it try. I wasn't. I paper traded
all day. I kept watching the screen, referring to
the tapes, watching the screen . . . etc . . . By
the end of the day I was both angry with myself for
not trusting the methodology, and exhilarated by the
results. I couldn't wait for Tuesday.
To
save time, I'll give you just the highlights.
From
Tuesday through Friday by the lunch break, I had made
twenty-three trades. (More than normal) I had seven
winners in a row. (Modest), one loser, (again modest)
seven winners, one loser, and then six winners, one
loser. Now the best, using simply the most basic tenant
of the method, I was able to catch a large part of
the 1125 point move to the downside that occurred
about twenty minutes form the close. What a way to
go into the weekend!
Do
I expect to keep up this pace? Probably not. Does
the "Real Success 2" methodology work. You tell me.
Honesty
Dave, I did nothing but what I was taught on the tapes.
Sure, feel does play a part. You go to great pains
to point out that no method is 100% mechanical. However,
I can only tell you of my experience. Some days it’s
there, some days it's not. However, it sure helps
to have tools you can believe in.
I
have been trading my own account for about 5 years.
It wasn't until I got my hands on the first "Real
Success" tapes that I started to make consistent money.
In my opinion, RS2 is even more powerful than
the original RS1.
There
is a selfish part of me that hopes I can keep this
new knowledge all to myself. But the larger part,
the guy who was frustrated and struggling for 3-
years would hope that anyone who is in that same boat
would do themselves a big favor and start seriously
studying either or both of this really terrific work.
Thanks
again Dave. I’m sorry I really haven't contributed
much to the CTCN Newsletter, but I'm not much of a
technical guy, and pretty much like to mind my own
business. However, when someone has been as helpful
as you have, I have to stick my head up and say “Great
job!”