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Trading Psychology How do we learn to conquer our fear and greed? Discuss the mental aspects of the game.

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Old 04-05-2009, 05:21 PM   #1

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Software, Charts, Signals, Indicators, Etc.

Ladies and Gentlemen,
I've been trading equities, options, and futures for near 20 years now. I've earned enough to raise my family in a nice atmosphere, sent them to college on those earnings, and still earn a few dollars each week for supplementing my retirement when I want.

I have purchase almost every software package, 'guaranteed' indicators, charting programs etc., that I could get my hands on to become the "expert" trader.

All that insane work and nothing to show for it except a lighter wallet.

If you really want to make money, get yourself over to www.briefing.com and watch the news.....especially the 'up-coming' earnings and analyst forecasts. The go buy yourself some options 'At-The-Money' and sell them just before the actual earnings report is published.

I guarantee you will make money no matter if your a novice or "expert".

If the analyst forecast is below expected earnings, buy some 'Puts'.....vice versa from the above statement.

I no longer have ANY TA software, charting software, etc...on my computer because it's all BS. Just check your actual earnings against the time you spent on the software and see how much you have really paid yourself..........
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Old 04-05-2009, 10:15 PM   #2

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Re: Software, Charts, Signals, Indicators, Etc.

Quote:
Originally Posted by JPx2 »
Ladies and Gentlemen,
I've been trading equities, options, and futures for near 20 years now. I've earned enough to raise my family in a nice atmosphere, sent them to college on those earnings, and still earn a few dollars each week for supplementing my retirement when I want.

I have purchase almost every software package, 'guaranteed' indicators, charting programs etc., that I could get my hands on to become the "expert" trader.

All that insane work and nothing to show for it except a lighter wallet.

If you really want to make money, get yourself over to www.briefing.com and watch the news.....especially the 'up-coming' earnings and analyst forecasts. The go buy yourself some options 'At-The-Money' and sell them just before the actual earnings report is published.

I guarantee you will make money no matter if your a novice or "expert".

If the analyst forecast is below expected earnings, buy some 'Puts'.....vice versa from the above statement.

I no longer have ANY TA software, charting software, etc...on my computer because it's all BS. Just check your actual earnings against the time you spent on the software and see how much you have really paid yourself..........
You guarantee it? Does this mean if I try it and don't make money, I can expect that you will reimburse me for the losses?
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Old 04-06-2009, 12:59 PM   #3

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Re: Software, Charts, Signals, Indicators, Etc.

....ohhhh.... I struck a nerve

Have you checked your trading account..........???????? The truth does seem to hurt. But isn't that what all these "experts" are in business for.....to market their product and make a buck? How many of them, I wonder, ever even use their own software? Instead, their funds are in managed accounts. I don't see them here trying to help any of us with research, development, etc.....instead, we have been their guinea pigs.
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Old 04-06-2009, 04:15 PM   #4

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Re: Software, Charts, Signals, Indicators, Etc.

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Originally Posted by JPx2 »
....ohhhh.... I struck a nerve

Have you checked your trading account..........???????? The truth does seem to hurt. But isn't that what all these "experts" are in business for.....to market their product and make a buck? How many of them, I wonder, ever even use their own software? Instead, their funds are in managed accounts. I don't see them here trying to help any of us with research, development, etc.....instead, we have been their guinea pigs.
A nerve? Hardly. I just find it amusing that someone with all these years of trading experience fell for buying systems which were clearly rip-offs and post about it just the other day and now guarantee profits if we follow your advice.

Auto Forex

FAP

What does checking my trading account have to do with the guarantee you provide? Either way, I would be happy to try your advice since it is guaranteed by you. Please send a private message with your contact information where I can contact you in case things doesn't work out as guaranteed.
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Old 04-06-2009, 04:48 PM   #5

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Re: Software, Charts, Signals, Indicators, Etc.

FAPTurbo is my wife's quest...not mine. Although I tried to tell her, she barged in and purchased the software anyway. I do know that with the help of some of my friends on the trading floor, she has learned to turn that package into an advantage.

Nevertheless, I should have known better than to post such a thing as I did. I knew there would be disambiguations. Everyone is looking for money in all the wrong places......

As far as I'm concerned, it's your money, your life, and your faculty.....

Have a great life and a beer on me.

James Posey, (Retired) CFT
Columbus, Indiana
jposeyx2009@yahoo.com
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Old 04-06-2009, 06:02 PM   #6

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Re: Software, Charts, Signals, Indicators, Etc.

Lol ......................... .........

someone needs to take a sales and marketing course
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Old 04-06-2009, 10:51 PM   #7

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Re: Software, Charts, Signals, Indicators, Etc.

Interesting premise JP. I haven't traded options in a very, very long time but I would play earnings quite a bit.

If you want to share more & keep the thread going, start a journal or join the p/l thread. One thing that seems to be lacking from many that post here - new or old - is any proof of actually trading. That alone is an incredible verification since so many refuse to do so.

While you give an idea to play with, an immediate question that comes to mind is how do you narrow down your plays? For example, if you see 5, 10 or more plays on a day, do you play them all or focus on 1-2? How far out are you looking for your plays - a few days, the next day? What subscription plan on briefing.com can accomplish what you are doing here?

Maybe that can get the ball rolling in the right direction.
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Old 04-07-2009, 09:32 AM   #8

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Re: Software, Charts, Signals, Indicators, Etc.

Actually, when I started trading in this manner, I was simply looking for a way to make my plays first thing in the morning, or late in the evening and never mess with those again.

I just happened upon a free copy of his seminar at earningstrader.com. After listing to the seminar, I immediately realized exactly what he was doing...and I tried it on my own and darn if it wasn't exactly what I was looking for.

I never bought his service or his seminar as a partial seminar was made available to me.

This method of trading fit my needs, my character, and my life style....no more, no less.

If there are for instance 5 firms to report earnings on April 22, 2009, I simply do an analyst review of recommendations of buy/hold/sell. I choose the one with the highest buy or sell, make the trade, and set an automatic transaction to get out of the trade no closer than 10 days before the actual release of earnings.....if you wait too long, the options will go haywire.

It's a quick and easy way to make a buck. If you just want a 25% return, the set your exit as such and move on.

I would like to see someone actually papertrade this method on TL...the proof is in the pudding so to speak.
Very Best Regards,
JPx2
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