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Re: [VSA] Volume Spread Analysis
Hello All,
One of the best trading treads on the net, well done, keep up the great work.
First post, want to share my sucess story with you...I've posted this at several sites, just sharing here.
My Sucess Story
After spending thousands of dollars and countless hours on trading books, systems, indicators, psychological seminars, and the like, I was exasperated. I accepted that for me it was impossible to consistently trade profitably. Just could not do it. I became one of the 90-95% of traders that deposited money into trading accounts over and over without ever withdrawing a single dollar.
Pretty much went through the standard trading experience. Well funded, began with stocks, multiple time frames, daily charts, switched to commodities and stock index futures, options, and then of course back to stocks, you get the picture.
I have now discovered that what stood between me and making money in the market was me. I could not trust myself to trust the system because whatever system I traded was hit and miss - more miss than hit. Then of course, I jumped to another system only to see the prior system work while I lost money on the latest system, it was a cycle of terror.
Last year, through remarkable faith, I met Joel Pozen who introduced me to the concept that markets are in fact manipulated. "Market Merchandizing" as Joel labels it, is how the specialist, insiders, professional - call them what you'd like - make the big money. They move markets so that they can buy low and sell high, every day, in every market, in all time frames.
As you all know, markets are not as we are led to believe. What I learned from Joel is that the big money traders load up on inventory (buy) when the heard sells and unload inventory (sell) at higher prices when the masses buy. Joel trained me on how to piggyback these moves by understanding volume and price bars, and how price leads volume.
Now I have fun trading while I extract money from the market. I trust myself to trust my system because I’ve learned how to exploit the tell tale signs market manipulators leave on the charts. Once you learn what to look for it’s really very simple and works because that is how the market works.
I'm not selling anything; I have no vested interest in getting you to sign up for Joel’s course. I posted this success story as my way of giving back to Joel, and for those of you who have staked your money, and in some cases your financial future, on marking money in the markets.
Good luck.
Last edited by MrPaul; 01-25-2008 at 11:54 AM.
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