Sincerely Market Profile has to be the only choice if I were to be limited to one method to trade with. MP has to be the hardest thing to learn other than selling premium. Many know and for those that don't I have at my disposal every trading method there is. I will declare MP is not a waste of time but unbelievable in terms of what it can give you back for your efforts to learn it.
Thank you Dalton for making it understandable where I could learn to master it. How long did it take you might be wondering? I looked at it for 12 years of those 12 it took me 3 years of piddling with it and a cost of about 75k lost trying it. Note I was trying other methods during this time so it was not my sole focus. I like many thought it was interesting but not a complete method.
It finally hit me one day and over the course of about a year i refined my money management and never looked back. For the first time ever I can say I could stand in front of an audience and trade with nothing else but MP and would not be embarrassed to have someone watch what I do. I am that confident in what I proclaim.
It's simple the market either cycles or it trends you have to learn how to read the MP it will tell you what the market is doing. Other than that you must be a business man and understand risk and the control of it. It truly is not trading it is just a business and if you have not succeeded at some type of business then you may have a harder time.
Anyway I am not trying to sell anyone on the idea of MP - there are many many ways to trade the markets - many tools. I just wanted to humbly say thanks to some guys I respect and now fully understand what they must understand.
Mark Brown
disclaimer - I am one of only two individuals that are registered as a MP vendor for the CBOT but have not sold any products in over 10 years as it was to big a hassle keeping up with the monthly charges the CBOT required me to collect. But I never lost interest in the MP and glad I didn't give up.
Thank you Dalton for making it understandable where I could learn to master it. How long did it take you might be wondering? I looked at it for 12 years of those 12 it took me 3 years of piddling with it and a cost of about 75k lost trying it. Note I was trying other methods during this time so it was not my sole focus. I like many thought it was interesting but not a complete method.
It finally hit me one day and over the course of about a year i refined my money management and never looked back. For the first time ever I can say I could stand in front of an audience and trade with nothing else but MP and would not be embarrassed to have someone watch what I do. I am that confident in what I proclaim.
It's simple the market either cycles or it trends you have to learn how to read the MP it will tell you what the market is doing. Other than that you must be a business man and understand risk and the control of it. It truly is not trading it is just a business and if you have not succeeded at some type of business then you may have a harder time.
Anyway I am not trying to sell anyone on the idea of MP - there are many many ways to trade the markets - many tools. I just wanted to humbly say thanks to some guys I respect and now fully understand what they must understand.
Mark Brown
disclaimer - I am one of only two individuals that are registered as a MP vendor for the CBOT but have not sold any products in over 10 years as it was to big a hassle keeping up with the monthly charges the CBOT required me to collect. But I never lost interest in the MP and glad I didn't give up.