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Michael, I have the typical “frustrated” trader biography. I was introduced to trading by a scalper. I took a 2 week study course and then used a 6-week practice account, which was very profitable. The trading company that trained me never once taught me about risk-management and the appropriate use of stop-losses. I had one trade go against me for 50% of my account. I was very unprepared for the live market, and risk-management. Not being educated in the use of stop-losses was a recipe for disaster. Since then I have tried every combination of short and long-term trading to turn a profit. However I am still consistently on the losing side of the trade. I just finished The Complete TurtleTrader, and Trend Following. Your books were the most gratifying source of trading education I have ever encountered. I loved your honesty, simplicity and clarity in describing the process of Trend-Following. I am interested in learning more. What other books do you recommend? Besides asking Salem Abraham to be my mentor (a dream) how do I complete the educational process of learning how to trade profitably, by following the trends? Thanks, Ben P.
I agree. Abraham would be a great mentor. So would many of my other influences in the industry, but the internet has made it much harder to reach out and make contact with the Abraham’s of the world. You might say, “that makes no sense Mike, it makes it easier!” Sure, you can easily find people now and email or call, but the internet has made it harder to reach some people. Why? Because everyone is trying to reach the top people to try and get the same thing — a mentor! How would you handle the crush if you were a Market Wizard and everyone wanted a piece of you? And especially now that everyone in every country is trying at the same time?
I have been thinking about this issue for some time as I am a poster boy so to speak for getting behind the curtain, for sitting down with top traders. And there is a method to my madness. There are ways to learn the right way and to learn from top traders, but sometimes it doesn’t go in a straight line.
My solutions are two fold. My home courses can help those who don’t have the connections to learn from top traders and my seminars/consulting can help those who still might want even more hands on training along with the tips/tricks you will need to meet top minds in the industry.
If you are serious about learning precise trading techniques that over time can give you the chance to make the big money, drop me an email or make the quick call and I will answer any questions you might have.
More to come!
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