Scott Kaminski

Money management - its up to you to choose how much of your account is put at risk per trade(any more than 2% is being a gunslinger in my opinion). Lets say you risk 250.00 per trade..you MUST make at least 2-1 on your money to guarantee longevity. For instance..I go long at 40..place my stop at 39.70. using a simple formula I conclude that my share size for this trade will be 833 shares ($ amount risked / stop size = shares traded). 833 * .30 = 249.9 . your broker will hate you for using odd lots...but who cares about him!

Entry - Buy/sell intraday retracements(confirmation of course!) in the direction of the daily charts Short/Intermediate term trend. i.e the SPX is above the 21 period on the daily AND trading intraday > than the open. then you scroll through your watchlist and find candidates that are trading > than the open. At that point you would go long stocks that pullback and then trade higher than the pullback or cross a MA....or some sort of trend following indicator just to make sure your going the same way as the prevailing trend. you want all variables on your side as possible

Exit - trail a stop from your initial stop level or set a minimum 2-1 risk/reward for a profit taking tgt..NEVER take less....you either get lifted/hit or stopped out.

If I have 2 losing trades in a row I quit for the day..."it aint my day today..rule number 1 run away and live to fight another day"

there you have it...a simple recipe that works for me and a few of my buds.

good luck and happy holidays
 
Quote from indahook:

Money management - its up to you to choose how much of your account is put at risk per trade(any more than 2% is being a gunslinger in my opinion). Lets say you risk 250.00 per trade..you MUST make at least 2-1 on your money to guarantee longevity. For instance..I go long at 40..place my stop at 39.70. using a simple formula I conclude that my share size for this trade will be 833 shares ($ amount risked / stop size = shares traded). 833 * .30 = 249.9 . your broker will hate you for using odd lots...but who cares about him!

Entry - Buy/sell intraday retracements(confirmation of course!) in the direction of the daily charts Short/Intermediate term trend. i.e the SPX is above the 21 period on the daily AND trading intraday > than the open. then you scroll through your watchlist and find candidates that are trading > than the open. At that point you would go long stocks that pullback and then trade higher than the pullback or cross a MA....or some sort of trend following indicator just to make sure your going the same way as the prevailing trend. you want all variables on your side as possible

Exit - trail a stop from your initial stop level or set a minimum 2-1 risk/reward for a profit taking tgt..NEVER take less....you either get lifted/hit or stopped out.

If I have 2 losing trades in a row I quit for the day..."it aint my day today..rule number 1 run away and live to fight another day"

there you have it...a simple recipe that works for me and a few of my buds.

good luck and happy holidays
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Indahook

Thanks .... :D

Where do I send my check.

I think one of my problems has been that I have tried to daytrade the futures markets and therefor have a limited choice, forcing me to accept the hand given on that day.

I think the switch to equities may be a little easier because the selection may give me more oppertunities!

Where do you build your watch list from?
 
Quote from Samson77:

Indahook

Thanks .... :D

Where do I send my check.

I think one of my problems has been that I have tried to daytrade the futures markets and therefor have a limited choice, forcing me to accept the hand given on that day.

I think the switch to equities may be a little easier because the selection may give me more opportunities!

Where do you build your watch list from?
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You can make is out to =

C.onsolidated A.ssociate S.ecurites H.oldings :D

My watchlist consists of the major ETF`s and "hot stocks" you know the names...right now they are TASR, BOOM, TZOO,GOOG etc. they move in a out of favor..the key being volatility and volume.

 
Samson, did you ever get more information about Scott Kaminski? Is this the guy that works for Marketwise.com? I have a friend who paid $5000 for the Marketwise Mentorship program and was suppose to be "mentored" by Scott Kaminski. He said the marketwise program was a waste of time. Scott Kaminski did NO mentoring and just read notes over the phone that seemed to be plagiarized from John Murphy's technical analysis book. Also, marketwise.com claims it was a one-on-one mentorship and my friend was actually paired with another client. It was definitely NOT one-on-one.

Do yourself a favor and buy John Murphy's book and save $5000.
 
Same thing happened to me a few years ago. Paired with another person and spent the whole time reading/discussing notes. Bummer.
 
Quote from wrobertson:

A couple of things:

1. His background is impeccable

2. He does not advertise. Try to find one. Yet he is sought out by
individuals and large institutions all over the world. Literally.
Japan, Europe, ..etc...That does not happen unless your name hits the streets

3. His own records are beyond unreal

4. For the amount of time he spends with individuals, where not talking about 5 sessions. Where not talking about 10. Shit,
I have 24 recorded lessons over a 9 month period.

5. Yes, he reads a lot of notes to those he feels are not in to it.
So he goes through the motions with those types, because he is fully aware they are just going through the motions.

6. And he is VERY VERY VERY aware of those that are in to the program and doing their homework. I found the more you showed interest, the bigger the secrets he gives out, and the less notes. Most people who believe he just reads notes, are the ones he really does not want to waste time with. When he got the picture that I was in to his program full blast, NOT ONE AUDIO SESSION EVEN WENT OVER THE NOTES, INSTEAD THIS IS WHERE HE GAVE OUT THE GOLDEN NUGGETS.

THIS SAYS IT ALL: After a few sessions he would ask if I read the notes. He would then test me to make sure I did. If he felt I did,
we skipped going over the notes and as I said, he gives out the golden nuggets not found in the notes. His feeling is if you read and understand the notes he gives, he seems to feel obligated to get in to the good stuf not found in any of his notes.

7. He invites people to his home after they have gone through the program once. And again, the price is so low. I will be honest, the pleasure in just our discussions was worth the money. He really really really wants to know you as a person so he can find what works for you.

8. Oh yeah, one more thing, as a human being he is incredible.
His story is something for the movies.

9. Did I mention he was one of the main traders for Paul Tudor Jones - for not 2 years, 5 years, but 10 !$@#$!^

10. Come on people, you dont trade for PTJ if you are not the best of the best

If you land him as you mentor, take a big breath because a lot is coming, and thank the god your follow and give him thanks:).
Also, if you stick with him, you will befriend a person that you can look up to in all aspects of life, not just trading - that I can assure you.
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Why is there such a strong correlation between #posts and shilling? Are you that daft?

If he worked for PTJ and is so phenomenal, why does he need to shill for himself here? And where are his verifiable longterm broker statements again? You forgot? :D
 
Quote from Tulsa_Trader:



Do yourself a favor and buy John Murphy's book and save $5000.
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^^^ This

I have a friend that took Kaminski's course and although he is a nice guy, John Murphy's book Technical Analysis of the Financial Markets will teach you pretty much the same things and save you a bunch of dough.
 
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