Got one of Rob Booker’s interesting emails this week. It is in fact a marketing email for his 40% club, which no doubt will be an interesting ride for those who haven’t quite found their own edge yet in the markets. For me, I’m not yet a successful trader, but I’m seeing plenty of encouraging signs that I’m making improvements and that I have potential. As for the interesting email, here it is with the marketing cut out.
This week I got really mad about something.
I got upset because I see traders who
have great potential…
But they’re just following.
Following trading “myths”
Following trading “gurus”
Trying to be exactly like someone else.
Your true potential as a trader has
nothing to do with copying someone else’s
It has EVERYTHING to do with taking
all that you have learned…
And then unleashing your trading mind,
freeing yourself to trade in your own
way, your own style.
That’s when AMAZING things happen.
Now I don’t know about you, but for me I’ve spent a lot of my time learning to trade by trying to copy the methods exactly of who ever it was I was learning from. It started with Sid Wyeman then Rob Wilson, then Steve Rising, then Michael Huddlestons ICT, then LR Thomas and finally Allen Bary. Along the way I’ve done plenty of other courses and read plenty of trading books but none of them inspired me to fully copy their methods with the exception of Bob Volman. With Bob Volman I was stuck until traderAllen came along because I couldn’t find a way to access the 70 tick charts that Volman utilises and had given up trying. The thing is that traderAllen although following Bob Volman’s method of ‘Forex Price Action Scalping,’ doesn’t trade much like him at all. He has developed his own style from the things he has learnt himself that worked and made sense. Now traderAllen is an exceptional trader, no doubt about it, however I’ve been doing some things in my own trading that I’m sure he wouldn’t agree with, but I feel are important in the development of my own style. There’s a chance these things may not work out, but they make sense to me and until I find out otherwise I will continue to try develop these things. I’ve still got plenty to learn from traderAllen and so I will be keeping my own style development to myself on this blog and not mention it on his chat or forum as those are his platforms not mine and he is successful and I’m not.
Now what is my style. The core of the method is Bob Volman’s FPAS with Allen Bary’s guidance and additions http://www.wallstreet2easystreet.com/ . However I’ve been really enjoying Bob Volman’s new book UPA and am trying to incorporate that into my style. I like the way Matt LaCoco mlacoco.wordpress.com manages his trades and am edging that way. I like the way Rob Wilson in 5 Bullets and Rob Booker in Trifecta use divergence but have not yet found a way to use it myself http://traderspodcast.com/. I have ideas from Shonn Campbell http://tradinglifeownit.com/ , NBT http://www.nobrainertrades.com/ , LR http://10xroitradingsystem.com/ , from ICT http://theinnercircletrader.com/ and Steve Rising. But most of all I have my journal and the 75 trades I’ve taken in two months and my commitment to following a process Read this article on JamesClear.com.
I’ve heard said on these tv talent shows, when a singer covers a song but gives it something different and special that ‘ They made it their own.’ Maybe after stealing all the ideas above I will be able to make the song my own and be able to sing that, ‘More much more than this, I did it my way.’
Frank Sinatra-My Way Lyrics
And so I face the final curtain.
My friend, I’ll say it clear,
I’ll state my case, of which I’m certain.I’ve lived a life that’s full.
I’ve traveled each and every highway;
And more, much more than this,
I did it my way.Regrets, I’ve had a few;
But then again, too few to mention.
I did what I had to do
And saw it through without exemption.I planned each charted course;
Each careful step along the byway,
And more, much more than this,
I did it my way.Yes, there were times, I’m sure you knew
When I bit off more than I could chew.
But through it all, when there was doubt,
I ate it up and spit it out.
I faced it all and I stood tall;
And did it my way.
I’ve loved, I’ve laughed and cried.
I’ve had my fill; my share of losing.
And now, as tears subside,
I find it all so amusing.
To think I did all that;
And may I say – not in a shy way,
“Oh no, oh no not me,
I did it my way”.
For what is a man, what has he got?
If not himself, then he has naught.
To say the things he truly feels;
And not the words of one who kneels.
The record shows I took the blows –
And did it my way!
Yes, it was my way.