[Tams]

Originally Posted by bobajob »

I must say I have been a little disappointed with the EL blog.

When I first found it I was very happy to see what I thought was a true breath of fresh air.

Unfortunately it has developed into the usual mentoring service.

Now in itself I suppose you shouldn't ever be able to get something for nothing, but I think it has been the timing that has got me. Everything seems to have been planned right to the day, slowly tempting people in.

What concerns me is for someone who has been trading for so long, with such a solid method, why do the indicators change - and markets that are traded are very variable. Lastly has there ever been a losing day?

Probably I'm unfair - but it's made me wonder once again if there really is anyone out there actually trading profitably.

he is doing all these to promote his US$5,000 course

[beyondMP]

He now seems to be setting the next round of suckers. He is starting to talk up "Hybrid Trading". Don't be surprised if he starts to offer the next round of training featuring it.

[TheDude]

Originally Posted by TradeRunner »

Yes I understand he plays just for fun.

He does say "there is no real edge" but that conflicts "a system that usually wins". Actually not sure what he means here - is he saying that sometimes he walks away from the table a winner (just for that session) or that he is a roulette winner long term?

I didn't make an analogy I was just pointing out that splitting the sessions up doesn't make any difference to the probability of winning at roulette. You can walk away a winner from roulette and if you never play roulette again then you will be a long term roulette winner, but if you continue to play you will eventually lose over the long term.



Yes I definitely have doubts about my own ability.




"a bit twisted seeing others do it" not really. I enjoy his blog and have read all of it but must admit to being a bit turned off lately when I see perfect pullback entries. I think he has shown losing trades but don't think he has ever discussed his losing days (he must have some losing days?)

Well, perhaps the DVD's explain all!!

Personally, I think there is merit in using the range bars, and I can see how they would help in timing when combined with his other tools. I can see why he does it, and the advantage of them, but for me, I just cant work with them. I've been using time bars for so long now, it would take a long time to get used to range bars until they are 2nd nature.

Thats a sign of 'owning' something. I own time bars, he owns range bars.

Lets not forget either, he's been doing this for a very long time.

**********


I agree with your later points about losing trades. Why they were entered and what, if anything was overlooked that could have suggested a loser was on the way. Of course, some trades just lose plain and simple. We've all had them. Everything looks fine, except we oversaw Mr Yikamoota in Tokyo decided to sell 20000 lots just as we were going long - as is his tradition after eating a fried cat sandwich for lunch (with extra wasabi)

[TradeRunner]

Originally Posted by TheDude »

Well, perhaps the DVD's explain all!!

Personally, I think there is merit in using the range bars, and I can see how they would help in timing when combined with his other tools. I can see why he does it, and the advantage of them, but for me, I just cant work with them. I've been using time bars for so long now, it would take a long time to get used to range bars until they are 2nd nature.

Thats a sign of 'owning' something. I own time bars, he owns range bars.

Lets not forget either, he's been doing this for a very long time.

Well perhaps they do - I will leave it to others to find out.

I use range bars because I find they are good at squashing down time and that helps me see the support/resistance levels where I might want to trade and a 10s - 1minute chart to fine tune my entry at those levels. So I guess you could say I own range and time bars

Like you say you have own your system.

[TradeRunner]

Hi electroniclocal

Do you ever have losing days?
Have you had a losing day since you started documenting your trades on your blog? If so could you identify that day so that I can read your blog entry?

Thanks

TradeRunner

[electroniclocal]

Originally Posted by TradeRunner »

Hi electroniclocal

Do you ever have losing days?
Have you had a losing day since you started documenting your trades on your blog? If so could you identify that day so that I can read your blog entry?

Thanks

TradeRunner

Hi TradeRunner, read the blog tonight for your answer.

[TheDude]

Nice blog post EL. So you are human after all!!

I see what you mean about focusing on the positive, however I'd rather learn from someone elses mistakes than make them myself (wink)

As you say, the important thing is to admit when you're on the wrong side and get out ASAP keeping the loss small - as your old broker chum advised. Thats the difference between a bad trade being a cost of doing business, and a problem - to me anyway.

Thanks for all the effort you've put into the blog.

[TradeRunner]

Originally Posted by electroniclocal »

Hi TradeRunner, read the blog tonight for your answer.

Thanks for the reply on the blog.

I would like to see more of a balance between your winning and losing trades after all how you deal with your losers is an important part of the trading equation isn't it? It will be interesting to see how many of your readers agree.

Do you show all the losing trades in a sequence? That isn't the impression that I have got - maybe I haven't paid close enough attention.

I personally don't have a problem with you selling your DVD and time. Don Miller does a similar thing however I think his blog presents a more "warts and all" view of trading.

TradeRunner