"It's Amazing......."

Training: Attendees, you should have received an email from me regarding video and sound check.

The dogma is that 90% of traders lose. I'm not sure what that exactly means. Whether at any one time 90% of traders are losing or whether 90% of people that attempt to become CP get blown away and that the other 10% are added to an ever growing pool of CP traders.

But whatever the exact definition is, a huge percentage of new people trying to become CP fail. I've seen it, I've heard it and it's a sad fact. There is an ever increasing pool of people who take the other side of my and other CP traders. It has to be that way because it's a zero sum game. It needs people to bring in new money otherwise there would be none to earn.

I remember brokers in the U.S. who I knew well using the old soya bean expression about clients: old crop and new crop. The old crop were the clients who had been around for almost 6 months and who were just about out of money and the new crop who were the newest bunch of clients that the brokers had found who were still cash rich, but sadly would be "harvested" in the coming months.

One of the readers, Dave, in a comment to Friday's post thought "it was amazing" that I was trading well. It is amazing to the people who can't trade CP because it seems an unattainable goal.

Let me say it clearly AGAIN.

Trading can be learned. But it has to be learned in the right way. This blog has the information on how to do it. I have by now probably over 50 emails from people who I do not know but who have told me they achieved CP by reading the blog and following the road map they have found here. About 50 people who did all the hard work and reached their first goal: Consistent Profitability.

This stuff works if you follow it with the right mental attitude. No short cuts. No over trading.

The people who have taken the training have bought a shortening of their learning curve as it will reduce the time the need to get to CP. We are just a couple of weeks away from starting. I'll be blogging about how it's going and I'll also try and get some of the attendees to be guest bloggers and tell you all how the training is going.

Today's trades started with a gap type trade which extended right through the VA. Nice stuff and easy to see. Didn't need much thinking as there was plenty to lean on.