Market Monk(ey)

[version77]

Quote from JimmyJam:

Well, it looks like Version77 has been removed from yet another thread ... sheesh!

Huh? Removed from another thread? What does that mean?

By the way. Nice post this time. First time you did not pick on Floortradr...

Actually a constructive post. Congrats...

 

[Etr8r]

I too, had many long conversations with Market Monk. One had to read Monk's whole blog to understand how compelling it was. It's unlikely that JimmyJam read any of it and he must be very dim to not understand the great service FloorTrader does newbies and future traders. If all he can do is criticize and be an a$$ he should be removed from the forum.

As a new trader a few years ago, and after reading Monk’s blog, I was compelled to contact him. He wanted $5K to teach me his technique, but I couldn't understand how a guy making up to $100K/day and always profitable, could be so greedy. I countered saying that I would pay him $500/Week too see how real he was. I figured $500 a good risk/reward ratio to shortcut the learning curve of such a seemingly powerful system. Since he declined my counter, I figured he was a fake.

Anyway, I commend FloorTrader’s candor, and condemn JimmyJam’s for the troglodyte he appears to be.

 

[trader07]

Excellent, agreed.

Quote from WaveStrider:

$10K for a trading course? I'd want to see verifiable account records from a reputable broker before forking over any money. And even then I wouldn't pay it all up front....

It starts out with an interest in trading and maybe a few magazines and books. But then you realize that none of them really help, so maybe you take seminars or courses where someone tells you how easy it is to make oodles. Or buy software and services that show you green lights and red lights...

I guess it is all about paying dues. Studying market behaviour is the hard work, and nobody can do it for you. Even a good system may be untradeable by you because you cannot take the signals for whatever reason. Better to spend the time and money custom tailoring your own suit, rather than trying to fit into someone else's clothes.