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Development as a trader happens when you take pieces from here and there, formulate your model of the market and decide who you are as a trader. There are obvious universal principles which must guide you regardless of methodology (risk management, for example), but you literally get to choose who you want to be. People try to copy others, and do everything they do, and it just doesn't work that way. No doubt John Grady has a lot of valuable info to teach, but expecting one person's way of doing things to translate directly to you is not reasonable and not how it works. I'm sure John would agree, and he is exchanging information that you can perhaps find useful, for money. It's perfectly reasonable, and I'm sure he doesn't promise anything beyond that.
You said two things which show you are after the holy grail. It's how almost everyone approaches the market in the beginning. (1) "Did his training finally make you ..profitable" and (2) "this time it will be all different, now I know everything to conquer the markets..." You can accept the fact that this type of thinking doesn't work, and save yourself time and money, or you can continue your search for the holy grail and be right where you are, in the same place, years from now. The choice is yours.
My suggestion: think for yourself. Pay for training, get it for free, borrow ideas, all of that of course -- but own what you do.
Absolutely. I got theoretical solid training. Now looking to check some different methods of trading.
Internet is full of theory, but It's very hard to find materials illustrating actual traders during their day and to see how they execute.
I'd like to see how one executes on fast market, slow market, thin market, thick market and so on
If I will see that than I will be able to choose what's best for me
Absolutely not. I'm just not buying the idea that I have to spend 10 years staring at my screen trying to figure it out. It's not an effective way of lerning.
I just want to watch experienced traders and what they do and to choose my own way based on that
Agreed. That's why I like John's webinars. You are basically "shadowing" someone who is a daytrader. You are hanging out with him all 2 weeks and experiencing how it really is to be one.
“Successful people ask better questions, and as a result, they get better answers.” – Tony Robbins
So since this thread has been around for while and assuming that the basic and intermediate course were released a long time ago, would you still recommend these two for a beginner like me when it comes to futures trading?
Just to give you some background, a few months ago i decided to transition from trading equities to futures, currently practicing with Micro E-Mini S&P. The reason for this is because of high commissions, tax rate and also hard to borrow or not able to borrow was getting really frustrating after extensive research on tickers that were good candidates to short.
My main style is scalping, and i would to remain with this style. I don't like to hold anything overnight nor do i have any interests in holding long term intraday positions. well if the opportunity presents its self, sure why not, but this doesn't really fit my personality. I love pure scalping.
Now here are some questions that i have regarding Johns courses :
1) Knowing that he mainly focus on treasuries and since my interest currently lie in S&P futures, would the DOM, order flow teachings that he offers still be helpful to me? Would this knowledge be applicable to trading the indexes?
2) repeating my first question when starting this post : considering the fact that the basic and intermediate course were released long time ago, and also considering that the market is dynamic, changing constantly, would these order flow methods, tape reading lessons still be applicable today? I understand that he is not teaching a strategy but just a method but still, i think my question is still valid.
3) I currently signed up for jigsaw DOM. I am pretty sure all DOMs serve the same purpose but after taking a glance at what jigsaw offers and what other simple doms offer, i can easily say that jigsaw looks a bit more complex. And again correct me if i am wrong, rookie observations i guess. But what i am trying to ask here is that if in the basic and intermediate another DOM was used, will these teachings be easily transferable to jigsaw.
Thanks in advance for any help that you can provide and sorry if i may have repeated myself above. Looking forward to the replies.
You're interested in scalping, the beginner course is a bargain. A thick manual covering lots of information and things to watch for on the DOM, and lots of videos too of trade examples including some trades handled badly. The majority of videos are on the Jigsaw DOMs with a few early ones on the TT platform and mostly Treasuries with a couple on the ES. He has also done a number of webinars for this forum, plus has half a dozen videos on his website page.
The intermediate course was very lightweight when I bought it, just a couple of videos and a couple of pages of text for twice the price. But I did intend to sign up for one of his live trading webinars so knew I would get the intermediate course price discounted off the webinar price. If I had bought it as a standalone product I would have been a little disappointed with it, but like I say I would recommend the beginner course as being full of useful information.
You do not win as a trader, you just get to play again the next day. If that game doesn’t appeal to you then you should not trade. Gary Norden
I think its worthwhile for the price. There's a decent amount of information. I like John's style, since I use Jigsaw and scalp, his content directly applies to what I'm doing/trying to do. He's big on trading the notes, they are pretty slow moving for sure compared to an ES or CL, but I've been watching those markets more and I see his points.
I'd also recommend checking out free content on YouTube, he's done webinars for this site (FIO) and others, hours of great content. You won't necessarily get the specific set ups but you'll still get a good sense of his style.