"The good fighters of old first put themselves beyond the possibility of defeat and then waited for an opportunity of defeating the enemy. To secure ourselves against defeat lies in our own hands, but the opportunity of defeating the enemy is provided by the enemy himself."
If you are reading this page then I obviously wasn't able to discourage you on the introductory pages. But don't worry, I'll keep trying...
I've mentioned repeatedly that learning a methodology is the easy part and that learning how to trade the methodology is the most difficult part, and I firmly believe this to be true based on my experience. But the key to the entire process is developing Confidence in both the methods and yourself. If you don't believe in the methods then you'll have little to no chance once in the market. If you do, it will still be a struggle, but at least you'll have the foundation to work your way through the adversity.
You also need a Game Plan which should consist of the markets you want to trade along with the setups you are going to trade in those markets. Then it's just a matter of waiting patiently for those setups to occur in the markets you want to trade, taking them, and then managing them. Sounds so easy doesn't it?
Unfortunately most people who try their hand at trading lack the confidence and/or a solid game plan (I know I did), so that's where the course materials come into play. I've spent hundreds of hours developing these materials, and they go into great detail describing the trades I look for along with how to manage those trades once in the market. It will take time to absorb all of this information and become comfortable with everything - there are no quick fixes. But if you invest the time and energy to learn the methods you'll then understand what you need to do and why you are doing it. And this understanding will greatly help you develop the confidence that is so important.
The methods will work on any market in any timeframe (a chart is a chart), but I would caution against using extremely short timeframes. A lot of traders think that the smaller timeframes get them in "early" and therefore reduce their risk, but I would argue strongly against either of those views. First of all there is no such thing as getting in a trade "early", there is only getting in a trade "right". And secondly, it has been my experience that the really small timeframes actually increase your risk because they lead to over-trading and improper trade management. You have to be careful deciding when to put quarters in the pinball machine and if the following cartoon reminds you of someone close to you, well...
The other attraction to the really small timeframes stems from a fear of being in the market. The belief is that you can avoid facing this fear by jumping in and out of the market, or scalping. Unfortunately this just isn't the case, but it is something that many vendors try to exploit. You have to develop a comfort level being in the market otherwise you won't be able to think clearly and make good decisions and your results will always be inconsistent. And the only way to get comfortable being in the market is by...being in the market. Look at it another way...can you learn how to swim without going in the water?
The setups and/or patterns I will teach you how to identify occur numerous times each and every day. The following is a list of what is covered/included in this offering. All course materials are distributed in Adobe PDF format.
"What the superior man seeks is in himself. What the inferior man seeks is in others"
If you have further questions or would like additional information, please contact me via e-mail at training@rjhtrading.com or by phone at (913) 236-4817.
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