Support and Resistance Trading Forum

Re: Times are changing - the Jan Workshop
By:Erich (vendor, CTA)
Date: 1/22/2008, 12:39 am

It isn't so much that Tom and I have parted company, we still look out for each other, but given our schedules and life demands we are working independently now. This is beneficial to you as well as you'll be able to get the information you want/need most. And yes, my "style" has changed somewhat as I've opted for higher percentage trades versus just going with the standard 3:1 trades.

You'll all remember that even though I was profitable at the end of the month, the 3:1 trades always carried more losers than we're getting now. People would write me saying stuff like "I could only take one trade and I picked the wrong one!" This proved to be a real problem. Going with the higher probability trades is the best solution to this problem as well as the best strategy for the small spec trader. Case in point, in December I only had two losing trades and so far in January we don't have any (knock on wood!)

Besides, it's Rob's fault. He said he was going to turn me into a scalper....

Regarding the webinars: I loved doing the Wednesday night webinars, and I know Tom enjoyed doing them as well; however they were very time consuming to do. The webinars that we've started doing recently are "special" presentations. Like Shaggy said they should be considered "workshops" rather than mere webinars. We're charging for them because, well, quite frankly, they're worth it. I have no problem guaranteeing the content and the fact that you can take the information out of them, apply them directly to the markets, AND make your money back...several times over.

We're going to be offering a few of these special webinar/workshops over the next couple of months. The next one is How to Trade the Forex, after which we'll probably be offering one on trading Stocks followed by trading Options. I know you're not really complaining, but I just wanted everyone to know where we were coming from.

Erich

ONLINE COMMODITIES TRADING