Trading Bigger and Better, 81 Live Trade Videos. £500,000 trading day.

[themickey]

That is what I believe from empirical evidence, yes. Profitable traders are almost as rare a breed as true psychopaths, and forensic experts, you can train idiots all their life to solve complex murder cases, 1 in 1000 has the right mental makeup to excel in that niche job. All others fail regardless how much education you throw at them. There are very few jobs on this planet that require unlearnable traits and talents. I believe profitable trading is one of them. Another is being a profitable poker player. Very very rare breeds.

Ok, I'll add my suggestion after mulling your statement for a couple of seconds....
You may be right for traders who trade succesfully day in day out, eg short term traders pulling trigger several times a day (sort of) but for longer term traders such as myself, I average around hold time of 2 months, maybe doesn't apply. Much easier imo to be profitable on longer time frames. A prop shop would sack me as my activity is too low, 180 positions placed in 1-1/2 years (since keeping a log record).

 

[GRULSTMRNN]

It may need more trades to gain a statistically significant profile. The longer timeframe one trades the higher the probability to be right. After all the impact of transaction costs completely diminishes with longer holding periods. Then it's either up or down, 50% probability. I can tell you one thing: letting a beginner trade 50 or so times a day and if he comes out even after transaction costs are accounted for then that guy is one I will definitely consider a keeper for further inspection.

Ok, I'll add my suggestion after mulling your statement for a couple of seconds....
You may be right for traders who trade succesfully day in day out, eg short term traders pulling trigger several times a day (sort of) but for longer term traders such as myself, I average around hold time of 2 months, maybe doesn't apply. Much easier imo to be profitable on longer time frames. A prop shop would sack me as my activity is too low, 180 positions placed in 1-1/2 years (since keeping a log record).

 

[SumZero]

Out of curiosity, what would be the profit split in a company like Axia ? 80/20 ?

 

[Calmness]

Even if the authenticity of all videos was guaranteed, so what? You certainly did not learn from that guy else you would not he peddling a subscription service here. What keeps me posting in response to content like yours is that you guys suggest that anyone with a strong enough determination, enough capital, hard work, and plenty of time can learn profitable trading. That is simply not true, not a single study ever has confirmed such suggestion. Of course you can reply that you never suggested such (although you pretty directly do in fact) and that you just offer for sale a product and let others decide whether they find value in that. Sure, fair, but then you still gamble and play with the low intellect and greed and shortsightedness of those who erroneously put their hope in an endeavor that was never suited for them (and is not suited for the other 99%).

And in the end you openly admit its alike a lottery for those who did not find their way to trading on their own early on. You basically sell lottery tickets not for a few dollars but for multiple thousands of dollars. All I am saying is that your product is wayyyyyy overpriced given what you are offering. But it seems that selling hope and dreams always was a profitable business for slick salesmen.

You summed up the reality ..!!

 

[GRULSTMRNN]

In case you missed the thread where Destriero posted multiple account statements, Axia allegedly is in debt and is in a much worse condition than Jigsaw makes it out to be. Allegedly.

Out of curiosity, what would be the profit split in a company like Axia ? 80/20 ?

 

[tzachi]

Everyone has a job. Trader's job is to buy /sell financial product and make more than losing.

JigsawTrading job is to sell you general trading education tools (not to teach how to trade profitable, if they knew how to make more money trading, they will not bother pushing other people videos for 399). They are the shovels sellers/lottery ticket stands/University professors know it all but cannot do it. A legitimate way of make a living but has nothing to do with being a profitable trader. They can same way sell how to ebooks for race driving/chess master player/poker player/etc.

If you want to be a profitable trader, put in years of learning why price move, when, identify a few repeat patterns over years, learn money management and above all: have balls of steal and mental capacity of a soldier to follow your trading plan and execute it under any conditions whatsoever (after you managed to establish one by yourself and trust your work)

 

[JigsawTrading]

Read my last post, it's explained in fine grained detail.

But I still love to answer your questions directly:

- you learned how to trade but nobody taught you
I learned the mechanics of trading from my mentors and experienced traders and books and through education, but to trade profitably I learned 100% on my own, nobody taught me, mentored me or passed the holy grail to me (which by the way does not exist)

- you have degrees but they contributed nothing to your efforts
Never said that, you injected that claim. My education helped me a great deal in understanding how trading mechanics work, pricing works,... But it NEVER helped me in becoming profitable.

- nobody can learn how to trade by being taught
Nobody can learn how to trade profitably by being taught. Everyone can learn how trading works through being taught. But profitable trading can only be learned by one's talents and only very few possess such talents. You obviously don't possess them else you would not be making money from selling videos.

- traders can only make it if they are driven to attain knowledge - but none of that knowledge can be passed on from somebody else
Wrong. The acquisition of knowledge alone does not make anyone a profitable trader. Inherent talent cannot be acquired nor learned nor purchased yet still is required as base ingredient.

My advice to you would be to not mention the above post to the next person you want to teach you anything.

"I learnt stuff from mentors but they didn't contribute to my success".

You are very conflicted in your statements. It seems the reality is that you were taught how to trade but were merely responsible for implementing what you were taught.

This is the same with everything that is taught. There is an old saying "you can lead a horse to water".

 

[JigsawTrading]

Out of curiosity, what would be the profit split in a company like Axia ? 80/20 ?

Like their accounts, you'd need to ask them directly. I personally don't answer such questions because I consider it a breach of trust. If it's information they want in the public domain, then they are free to answer the questions themselves.

They are not allowed to answer those questions here because only site sponsors are allowed to answer questions about themselves. I understand the reasons for those rules and I think they are fine. It's not as if Axia are hiding - they have a phone number and a well known address in the City.

 

[JigsawTrading]

In case you missed the thread where Destriero posted multiple account statements, Axia allegedly is in debt and is in a much worse condition than Jigsaw makes it out to be. Allegedly.

This is hearsay. As I've mentioned - it's a group of companies, many of then outside of the UK. Common sense should tell you that to buy a building for over $6M and fund the margins to cover 1000s of lots would require a much larger commitment than was presented in the accounts.

Destriero, like yourself, is disgruntled with the entire industry, so you both end up painting everyone with the same brush.

You are also totally committed to that viewpoint, like a religion. It results in confirmation bias.

 

[JigsawTrading]

Everyone has a job. Trader's job is to buy /sell financial product and make more than losing.

JigsawTrading job is to sell you general trading education tools (not to teach how to trade profitable, if they knew how to make more money trading, they will not bother pushing other people videos for 399). They are the shovels sellers/lottery ticket stands/University professors know it all but cannot do it. A legitimate way of make a living but has nothing to do with being a profitable trader. They can same way sell how to ebooks for race driving/chess master player/poker player/etc.

If you want to be a profitable trader, put in years of learning why price move, when, identify a few repeat patterns over years, learn money management and above all: have balls of steal and mental capacity of a soldier to follow your trading plan and execute it under any conditions whatsoever (after you managed to establish one by yourself and trust your work)

Actually - our job, when we have our education hat on, is to create things of value and exchange them for money. That's what these videos represent. Something unique in the industry that we assigned a value and price to. So far, judging by the reaction, it appears we set it right.

I find it odd that traders cannot understand the concept of making money when you are not working. It's called diversification and one of the key tenets of risk reduction.

GOLF TV recently commissions Tiger Woods to produce an educational series on Golf. He got paid for this and GOLF TV monetize it. By your measure, this proves that Tiger Woods cannot play golf.

BTW - package is available till the 10th - but after that we can't keep offering a place in the prop firm tour.