This Thursday (18th November, 2021), we are holding an impromptu Group Therapy. For a change, the topics will be somewhat of a mystery - well, they will to me. And if that's all you need to sign up so you can listen to my accent - click here. For the more demanding amongst you... I often get emails like the one below and often it's hard to type a response as it would take so much time. Hence we hop on calls. In this case, we'll have a live call with the trader. I have not spoken to them yet, and this is someone who likely needs broader advice - much different from recent sessions with Marcos or CB who just needed help getting over the line. This looks more like someone that needs pointers earlier on in their journey - at least on the Order Flow side. Here's the email: "I do not know if it is OK to write to you directly, if not let me know. I have been using JigSaw for a month now on Futures Funding accounts and all in all it seems like I am doing something correctly but then again. I was inspired by the 1 tick drill and the "Road to Profit" video so I have mainly tried to get 1-2 ticks form the UB or 1 point in the ES per entry. Also I did mostly only 1 - 2 trades a day. For now I am having an almost 90% win rate with 1 contract. I am now starting to take more trades and am also contemplating to use 2 instead of 1 contract for the entries. But in several of your videos I have seen that you are a proponent of large(r) targets but then obviously lower win rates. Also in the 7 most effective Trading Setups video "my way" is called a bad setup or way of trading. So would you be able to provide me with some help or pointers to how I can transition from where I am to where I "should" be ?" So a more "back to basics" session - techniques, expectations and figuring out what on earth to do next. Click here to register. It's free and YES it'll be recorded.
Peter: As a proponent of large(r) targets do you actually trade in real time? post trade stats? In the 7 most effective Trading Setups video do you actually trade any set up? post trade stats?
Well - I am not sure I am a proponent of larger targets but everything is relative. In the educational video, we describe the setups and the management rationale: I haven't put up stats to be honest and it is a reasonable question. No idea why they set it to not show - but click and you'll see it. I didn't make a call on showing stats for this video or not - so I didn't decide not to particularly in this case. It's more of a general decision based on a few factors: We are compliant and have compliant sites (e.g. brokers) linking to ours - so if we make a claim, as I understand it - the CFTC could audit us. That's reasonable. But doesn't sound like fun. I live in a country with a high rate of poverty and I have always been wary of people knowing what I earn - but I think my wife pretty much blew that away now with the bloody stupid car she drives. I also dress like a vagrant. It would absolutely put people off - especially those with 90% win-rates in their head. We prefer to lull them into working their asses off with reasonable targets in mind BEFORE they realize they are working their asses off. What we do is try to give people stuff they can validate themselves. You'll see what I mean in the video. It's not asking for anything to be taken on faith. BUT also - I might not be doing a good job in explaining it. Obviously - this will be called a list of excuses, which is fine. Take a look at the vid - there's no hidden hypnotic ads to draw you in. Let me know your thoughts on whether the ability to see this sort of thing yourself is sufficient or better/worse than stats at some point in time that's related to market conditions at that time.