Many traders and investors are like me, having been to the ‘school of hard knocks’ to get educated. If I had my choice I would have taken a different, easier path. The trading barriers to entry are low but the barriers to success are very high. Nothing in life is free and certainly to understand trading it can take years to master, several months of losing dollars. You’ve been there; so have I. It takes time and heavy doses of capital and only if you are not wiped out can you live to survive a new day. How much will you lose before you finally get to the mountain top of knowledge? 50K? 100K? more? Traders loathe losing but without understanding how and why it happens, learning from it – you’re bound to go insane (Einstein said the definition of insanity is doing the same thing over and over again and expecting different results). So I have to ask: What is your cost to bring you up to a level so you can avoid losing capital over and over again – and just make money over and over again? I might have the answer for you.
I tell you about this because I want to help you succeed. I have nothing to gain here other than helping you gain some knowledge and leverage. Trading is not easy but this is certainly a way to make your life easier.
I recently spent time in Chicago with Danny Riley and Stephen Eubanks, co-founders of Mrtopstep.com. If you haven’t heard of them, you surely will in the near future. Their methods of educating the masses has become viral on the internet, and soon they will conquer other areas of media. I cannot stop expressing the pleasure of this group to anyone who is willing to listen. Now, why do I bring this up? Mrtopstep is a community of traders in different areas that have been helping new and experienced traders get ahead by educating on what veteran traders see everyday. It’s not easy nor a guarantee of success but they bring years of experience to the table – sharing what traders see and hear from the trading floor. This is becoming the new world of trading – share information and flow with anyone who wants to gain an edge.
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Their main operation is via chat room where you have access to a variety of traders – SPX, futures, options, treasury, oil, currency and other commodities. THEY SHARE IT WITH THE ROOM. In the old days this was unheard of! There are already many traders – new and experienced – in the room watching the markets for setups, paying attention to levels and listening for perhaps the next BIG trade. Oh, what is that? There have been many days this year where 10, 20 even 40 spx handles or more have been gained from trader calls in the room (IN ONE DAY). Do the math – what is your time worth to you? It’s not easy but it’s the experience that stands out, the recognition of patterns that is essential to avoiding errors (knowing when to zig when everyone else zags).
While in Chicago I also met with OptionsProfits‘ (OP) Jill Malandrino and some of her writing colleagues. If you do not know OP it is now time to open your mind to a great new brand. They offer some of the most comprehensive and sophisticated writings about trading options, volatility and hedging. The education portion is truly priceless – the videos, articles, chat, conversation, feedback and discussion make this the most rounded product offered on the internet. The community is growing, the dialogue is strong and the learning is top notch. I am honored to be part of the team, too.
Together these two offerings will take you to new heights in your trading, bypassing the expensive tuition of going it alone in a very dark and cold trading world. Trading can be a lonely experience, but it doesn’t have to be. Think about it. Do you want to continue losing day after day until you reach the point of no return, or perhaps take the easy route? Take a ride with Mrtopstep and OptionsProfits and bring your trading education to a higher level.