There's Breathless Excitement About Successful Trader Method - A. F. from Australia
There seems in some letters the breathless excitement, almost akin to Gold Rush Fever once readers hear about the highly successful daytrader ("Successful Trader")
Editor's Note: As a result of our recent partnership break-up and due to legal reasons we are not using the "highly successful daytraders" own non-de-plume or selling his methods. As you know he has never once used his real name (and neither did we) but only used a non-de-plume. We have substituted our own non-de-plume name for him ("Successful Trader) in all past and futures articles and references in place of the non-de-plume name he wrote his articles under. This has no effect on the fact all his articles are copyrighted by Commodity Traders Club News by virtue of their submission to CTCN and world-wide publication and distribution.
Many readers seems to think all you need to do is lineup at the shooting gallery (computer screen) and hit a few trades. The thinking seems to be that there are several trades waiting to be done each day and if you're not popping the trades off you need to fund another system.
My experience has been over 7-years that on many days while there are trades, few of them are sensible low risk ones. In fact, after 3-5 days go by in a row without a solid/valid trade signal. So if you are there for the fun, thrill or gamble - fire away. However, after a number of years I found it very wearing being forever ready, but few low risk signals.
Now a lot of readers are going to correctly say I wasn't suited to daytrading, but it is so addictive and it gave me something to do and hope for, that I kept fronting up to the screen each day, for too long. I would watch the screen even when I knew it was unlikely there would be a decent trade e.g., a big gap up followed by small sideways moves.
Daytrading is also one of the most anti-social activities to do and in many cases causes family divisions, if not divorces. Telephone calls, I hated as they distracted me from the market and of course going out to lunch was totally out.
Editor's Note: One of the beautiful things about our Real Success methodology is the fact you do not take every signal. In fact, only a small percentage of the signals are taken. Also, you may go to lunch every day . . . for 2-hrs . . . in fact, that's part of the methodology. Overall the Successful Trader method is much lower stress (and lower-risk) than most other daytrading approaches.
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