Support and Resistance Trading Forum

Re: Erich and Tom don't even trade
By:Erich
Date: 3/2/2011, 1:54 am
In Response To: Erich and Tom don't even trade (Dan)

Hi Dan,

I already know who your "source" is but he's given you incomplete information. I actually have three businesses that I'm actively involved in (one of which is our daughter's renovation business) and possibly looking at a fourth (yikes!) but that doesn't mean I don't trade as well. I've never hidden my involvement in other business affairs. and mention it frequently in my weekend ezine/updates. After all, the fact that trading doesn't have to take a lot of your time, and you're able to do other things is part of the beauty of trading, isn't it?

I can't speak for Tom's current situation as I haven't spoken to him for quite some time, but a few years back, between his health, his wife's health and family issues he hit a rough spot and took a job at a local college (partly for the insurance and partly for the pay check). Tom never hid this from anyone and plainly told people (you can listen to some of the archived webinars and you'll hear him mention it on several occasions).

Mikey ran into trouble (and I only know this second hand, so please don't quote me) because he claimed to be making a living from his trading efforts at a moment in time that it wasn't true (I think he ran into trouble when he dabbled with an S&P system that didn't work, but I've been in contact with Mikey on occasion and he's an active stock trader now). Tom and I never hid that we have other sources of income. Besides, you see the nightly trade recommendations day in and day out - in advance - the trades speak for themselves even if I don't take every trade (and I always tell people that I do NOT take every trade) the principles and the setups are the same, whether it's corn or copper or cocoa.

If someone here ever gave you the impression that trading was easy, or that we are multimillionaire traders (which neither of us did) I'm sorry. Trading ain't easy. Life ain't easy. Hope that clears things up for you.

Erich

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