This blog has really been an afterthought to my daily activities pretty much the whole time I have been studying as a full-time student of trading; starting March 1st of this year. The original intent of the blog was to document my progress, maintain my energy level for trading while I was still working my day-job and building my home, and provide an outlet for honest discussions related to the journey from a blue collar guy doing a blue collar business to trading for a living. To the best of my belief, I did just that. Since letting the blog alone for the most part, I have been thinking about a post I did back in April that really pounded the table in favor of day trading radio dot com. I finally have gotten around to putting in an update on that post, and I'd like to also repeat it here. In the interest of openness that has been the foundation of this blog, here it follows...
UPDATE AS OF NOVEMBER 2011: It has been a long time since posting the following couple paragraghs below. Every so often I think of writing this "Mea Culpa" about how short-sighted I was in recommending John Kurisko's daytradingradio so strongly. It is true that I had a minor epiphany after watching his videos and sitting in on his radio/webcast every day for a couple months. I even became a paying member of his site for about a month. I got a great eye-opening as to the importance of trend-lines and the idea of improved odds of success when multiple indicators line up in favor of a trade. My understanding of market movement and momentum has really taken off since this discovery earlier this year. However, what I soon discovered about day trading radio and John's approach is that his exit formula on bad or faltering trades drastically lacks the discipline and sharpness of his entry formula. If you were to go to his site and review his success record this year, you'll see what I mean. BIG LOSSES when the market turned down. As a swing trader who sort of "wing's it" on his stops and exits, he posted some big draw-downs in comparison to his wins when the market reversed this past summer. Do I think he is good trader now? Yes, I do. And his openness and honesty, and his integrity is laudable. He is a profitable trader, but one whose method is not one I wish to emulate.
So, in appreciation of keeping it real, I am leaving up my post below which highlighted his site and method. But this preface should suffice to let you know how I think about it now.
