A note of encouragement for all new folks:
I paper traded this "system/understanding" of Jack's and Spydertrader for about three months with around 10% gains per month on the total capital. Then I started trading it with my real money.
My results so far:
January: 7.5% gain on total capitol
February: 8.8% gain on total capitol
Those totals are after opporating costs (brokerage fees, etc.)
I continue to learn and can easily see how 10-20% gains will become regular monthly. I say that because almost all of my winning stocks continued on well past my sell point. After seeing that for several months I am very encouraged to hold longer with good faith that they will achieve the left hand side of the channels.
One final interesting note. I studied classical piano for many years. And over and over I keep seeing how similar this process is to learning an instrument. It takes practice and time, with the goal of expertise through artful engagement with the market. It is not just a specific "system" that you apply. Instead it is an art that has many layers. And just like with learning the piano, I have discovered that I have breakthroughs that appear to come from my unconscious mind, having worked on the problem in the background and suddenly I am able to "see" in new ways. How nice is that?
There are many other relationships to learning and playing an instrument that I have noticed.
You learn how to read the different patterns and relationships on the charts just like you learn to read music notes. And while you play many different keys on the piano in multitudes of ways, with stocks it is simpler. You only have a few actions to take when you are told to do it by the market/chart: buying, holding, selling/reversing.
Anyways, maybe the above insights will help you stick with it and practice.
I paper traded this "system/understanding" of Jack's and Spydertrader for about three months with around 10% gains per month on the total capital. Then I started trading it with my real money.
My results so far:
January: 7.5% gain on total capitol
February: 8.8% gain on total capitol
Those totals are after opporating costs (brokerage fees, etc.)
I continue to learn and can easily see how 10-20% gains will become regular monthly. I say that because almost all of my winning stocks continued on well past my sell point. After seeing that for several months I am very encouraged to hold longer with good faith that they will achieve the left hand side of the channels.
One final interesting note. I studied classical piano for many years. And over and over I keep seeing how similar this process is to learning an instrument. It takes practice and time, with the goal of expertise through artful engagement with the market. It is not just a specific "system" that you apply. Instead it is an art that has many layers. And just like with learning the piano, I have discovered that I have breakthroughs that appear to come from my unconscious mind, having worked on the problem in the background and suddenly I am able to "see" in new ways. How nice is that?
There are many other relationships to learning and playing an instrument that I have noticed.
You learn how to read the different patterns and relationships on the charts just like you learn to read music notes. And while you play many different keys on the piano in multitudes of ways, with stocks it is simpler. You only have a few actions to take when you are told to do it by the market/chart: buying, holding, selling/reversing.
Anyways, maybe the above insights will help you stick with it and practice.
