Here we go, it’s that time of the year again… time flies when you are doing something you love. It’s really incredible how quickly the year has gone bye, feels like yesterday when I wrote the 2011 note.
This year I would like to start by thanking all the active followers that continue to take the time to comment on the blog and share the content that I provide. This is by no means a requirement and I am well aware of how these things work but it is always rewarding to see people appreciate the content, so thank you once again, I really appreciate it.
As I always say, there is no right or wrong way to trade, just whatever works for you but it is important to remember that this is a business and that it needs to be tackled seriously, with discipline, in order to put yourself in a condition to simply have a chance of succeeding. Having said that, there is a way in which markets tend to move and it is essential to ‘really look and focus’ on price action and strive to understand the context of moves, overlaying everything with market psychology.
I haven’t put out a specific post but there are a couple of changes to the Weekly Webinars for 2013. First of all, we are moving all the sessions to 8:45 EST and a 75 minute duration and secondly, the monthly payment plan has been updated to reflect the additional runtime but especially, has been simplified by removing the one-off entry fee. We might still experiment with timings but this revision should be interesting as it gives us 45 minutes for preNY rundowns and then 30 minutes post the cash open. The sessions will be back up and running on January 2nd and I’m really looking forwards to them
Remember that trading is an extremely hard way to make a living. Don’t let anyone tell you it can’t be done but equally, don’t let anyone give you the false impression that this is easy and that there are shortcuts. In my humble opinion, a real trader is formed through consistency and longevity and despite the fact that not everyone is going to be able to function in this type of business, if tackled with dedication, discipline and devotion, it can be one of the most rewarding ways of life, if not ‘the only way’, for people that are truly wired to be traders.
I would also really like to take this opportunity to thank all of my students, especially the ‘usual suspects’, another great year, more to come in 2013! As usual; no crystal balls, no magical indicators, no holy grails… we just strive to be humble students of price action and market psychology.
To all, Health and Wealth for 2013!
Thank you once again,