[marketguy]

Hi. This is first post at TL. I have only read and enjoyed this site in the past. I am getting more and more interested in MP and am looking for a mentor/teacher.

Has anyone here been studying with JP? Does anyone trade with him regularly?

Any thoughts and opinions would be welcomed. Specifically, how successful is he as a trader? (their site says he is "amazing") How successful is he in teaching his methods to other traders? What kind of guy is he? How's the vibe of the room?

It's a rather expensive outlay so I'd love some feedback.

Thanks,

Bryan

[bh_trade]

I am in my 2nd month in JP's room. Without a doubt the man is an exceptional trader. I'm not sure I would use the word amazing, but he is very good. Perhaps the most impressive thing about JP is his discipline, he trades the same way each time, which is something I clearly struggle with.

You will learn several market profile setups, and several that have nothing to do with market profile. Since there are over 200 members in the room on any given day, you will often see many traders posting many different trades, and oddly enough, there are many times when some members are short while others are long, even when both sides trade legit market profile setups.

In a nutshell, JP is giving me a different way of looking at the markets. Will I trade every setup? No. When in a trade will I manage it the same way as JP? No. Would I be better off if I was able to answer yes to both of those questions? Yes.

But the fact remains that I can only take the setups that fit my personality and manage them according to my own style. I suspect most other room members would agree.

Originally Posted by marketguy »

Hi. This is first post at TL. I have only read and enjoyed this site in the past. I am getting more and more interested in MP and am looking for a mentor/teacher.

Has anyone here been studying with JP? Does anyone trade with him regularly?

Any thoughts and opinions would be welcomed. Specifically, how successful is he as a trader? (their site says he is "amazing") How successful is he in teaching his methods to other traders? What kind of guy is he? How's the vibe of the room?

It's a rather expensive outlay so I'd love some feedback.

Thanks,

Bryan

[marketguy]

Thanks BH,
I appreciate your response. Gaining the good habits of an exceptional and disciplined trader takes time and confidence. I am so not there yet myself. Learning from someone with those qualities is as important as their successful methodology.

Could you please answer a few more questions.
1. What percentage of the trades are winners for him?
2. What kind of stops are utilized?
3. What kind of guy is he? Is he he someone you enjoy spending your day with?
4. Is he a good teacher?
5. Is the room worth the money and do you see yourself in it for the long haul?
6. How well are you picking up his methods (this early on) Are you making consistent money with his methods?

Thanks.

[OAC]

Originally Posted by marketguy »

Hi. This is first post at TL. I have only read and enjoyed this site in the past. I am getting more and more interested in MP and am looking for a mentor/teacher.

Has anyone here been studying with JP? Does anyone trade with him regularly?

Any thoughts and opinions would be welcomed. Specifically, how successful is he as a trader? (their site says he is "amazing") How successful is he in teaching his methods to other traders? What kind of guy is he? How's the vibe of the room?

It's a rather expensive outlay so I'd love some feedback.

Thanks,

Bryan

I know someone who has experience with his room. Not recommended.

[bh_trade]

[
Could you please answer a few more questions.
1. What percentage of the trades are winners for him?
2. What kind of stops are utilized?
3. What kind of guy is he? Is he he someone you enjoy spending your day with?
4. Is he a good teacher?
5. Is the room worth the money and do you see yourself in it for the long haul?
6. How well are you picking up his methods (this early on) Are you making consistent money with his methods?
[/QUOTE]


1. I have not tracked his winning %, and I know he doesn't either because during his free trial several people asked that question. If I had to guess, I would say the trades he takes are at least 60% winners, maybe a little better than that.

2. Typically 1-2 points

3. Decent guy, former floor trader and voice sounds like it.

4. I think so, but there are several veterans of his style in the room that assist in answering questions also.

5. Again, I think so or I wouldn't have signed up for 2nd month. In it for long haul? After 3 paid months the room is free for life so unless something drastic happens in the next month I plan on paying my 3rd installment and becoming a lifetime member.

6. I am working hard to take each setup without bias or hesitation and to then manage them with discipline (which again I struggle with), but much easier said than done. For example, last week, I took a long setup that relatively quickly went $10 in my favor. JP of course was scaling out the entire way up and had most of his profits locked in. I had a technical level I *thought* the market would get to but it missed by $1 and I closed out the trade for a modest $2 profit after riding it back down to under break-even. JP would never have let that happen, he probably had a few pieces left that he scratched on the way back down to his entry price, but the majority of his profits were locked in.


The importance of discipline without bias cannot be overstated. I know that is the true holy grail of trading, but I have never completely gotten there.

[marketguy]

Thanks so much for your honest and sincere reply and also taking the time to help a fellow trade.

Much good fortune.

Bryan

[OAC]

Originally Posted by marketguy »

Thanks so much for your honest and sincere reply and also taking the time to help a fellow trade.

Much good fortune.

Bryan

Jpjtrading room will give you some good ideas that you can use to mold into your own techniques, so will many of the posts on this site that are available for free.
Jp has a Kamikaze style of entering trades that practically none of his students can duplicate. He only uses mental stops.

[nycdweller]

Typically traders that have a Kamikaze style of entering trades and don't use stops have deep pockets.

Originally Posted by OAC »

Jpjtrading room will give you some good ideas that you can use to mold into your own techniques, so will many of the posts on this site that are available for free.
Jp has a Kamikaze style of entering trades that practically none of his students can duplicate. He only uses mental stops.