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Testimonials:
I think all of the materials are
useful. I am a former Ken Roberts student, and I made some money using
his methods, but I lost quite a bit too (part of that was my fault
because I was working full time at another job then). I like the fact
that your materials really spell out what a person needs to know, and in
an understandable manner. I had a commodity futures and options class in
college, but it just taught the basics, a person really couldn't learn
the ins and outs of trading from it.
On the paper trades, I
especially like the "mini" reviews of the methods that are sometimes
included. I'll have to admit, I do tend to put my stops a little
"looser" than recommended; but find that works well for me most of the
time, but does require more patience with the trade. I worked for
Pioneer Hi-Bred (country's largest seed corn company) for several years,
and keep in contact with people from there, so I get some good crop data
in the summer - the additional information never hurts! Thanks for
asking! -Linda
I really want to become a
successful trader! (Your) work on the methods has benefited my family
and I already ($1800 in first four weeks!) so thank you guys very much.
-Tradin’ Buddy
Keep up the good work and I look
forward to our getting together again. I did enjoy Florida and want to
come back. Thanks again, -Paul
Thanks for all your follow-up
emails. Great customer service!!!! -Ravi
Bruce, nice to talk to you. I've
been around commodities for about four years now and have seen a lot of
vendors and brokers. I started (where else) with Ken Roberts. Did his
courses and hooked up with "Mainstreet Trading" when he bought into a
brokerage in southern California. Got pushed into trades there that I
was not comfortable with, but did anyway, and lost some $…. Finally
ended up with Global Futures and love everything about them. ...I've
been checking out different trading strategies and looking for an edge …
Most of the time I just stare at this stuff and get a dazed look on my
face.
What I think I see with "The
Methods" may suit my ability (or lack thereof) to comprehend. I don't
want to be handed anything, just have it explained so that I understand.
It looks like you’re it! … also done the seminar with Dr. Martin Miller,
who I enjoy immensely and who has complimented your methods… It looks
like you have been around and aren't going anywhere so I feel like I can
invest with confidence in "The Methods". …. Do you have any advice or
words of wisdom? Thank you for listening and for doing what you do. Kind
Regards, -Steve.
Today's Trading Tip
“Trading Systems”
Yesterday, I received ads from three different outfits offering
fool-proof trading systems and huge profits. These people are nuts!
First, they obviously don’t know what we do here. Second, there is no
such thing as a fool-proof trading system. Remember that quote that went
something like; “Those who think they have a fool-proof system
underestimate the creative ability of fools”. And third, “huge
profits” come to very few.
Not everyone is going to be successful in this business. A few are
incredibly successful. Some do real well, some do okay, but most
who try it drop out within two years. I think you have to have a certain
set of attributes to trade successfully. One of them is persistence.
“Winners never quit, quitters never win.” Another is perspective- the
ability to see the whole picture. If the price is approaching the
historical low, do you really think it’s wise to go short? No matter
what business you are in, you won’t survive without common sense. Third,
you must have confidence in your own ability. Without it, you will never
place the trade at the time, or in the way you planned it.
If
you have followed what we teach very long, you recognize that at the
center of our philosophy are three things:
1.
Don’t put money at risk until the odds are in your favor,
2. Taking
a $100 to $500 profit per contract with multiple contracts is the way to
build your account, and
3. You
must use stop losses to ensure the costs of your loosing trades are
small when compared to the profits of your winning trades.
As
you gain experience, you will learn from your mistakes. Do not get
frustrated if you are not profitable in your first two years of trading
with real money. That’s normal. How many inexperienced people are
successful in any field? If you make significant profits in the first
year or two, great! You just might be one of those unique individuals
who are truly cut out for this business.
DISCLOSURE OF RISK:
THE RISK OF LOSS IN TRADING
FUTURES AND OPTIONS CAN BE SUBSTANTIAL; THEREFORE, ONLY GENUINE RISK
FUNDS SHOULD BE USED. FUTURES AND OPTIONS MAY NOT BE SUITABLE
INVESTMENTS FOR ALL INDIVIDUALS, AND INDIVIDUALS SHOULD CAREFULLY
CONSIDER THEIR FINANCIAL CONDITION IN DECIDING WHETHER TO TRADE. OPTION
TRADERS SHOULD BE AWARE THAT THE EXERCISE OF A LONG OPTION WOULD RESULT
IN A FUTURES POSITION.
HYPOTHETICAL PERFORMANCE RESULTS
HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO
REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL,OR IS LIKELY TO,
ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.IN FACT,THERE ARE
FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS
AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING
PROGRAM.
ONE OF THE LIMITATIONS OF
HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED
WITH THE BENEFIT OF HINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES
NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN
COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING.
FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR TO ADHERE TO A
PARTICULAR TRADING PROGRAM, IN SPITE OF TRADING LOSSES, ARE MATERIAL
POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THERE ARE
NUMEROUS OTHER FACTORS RELATED TO THE MARKETS, IN GENERAL, OR TO THE
IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY
ACCOUNTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND
ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS.
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