Myth #1 I don’t know what it’s like to be in your position.

Myth #1

I don’t know what it’s like to be in your position.

A photo of me in my early trading career.

Myth #2

I put more indicators on my charts so that I will be able to make better trading decisions.

Contest #1

Can anyone make sense of this chart?

Myth #3

Your first trades help to predict your future success as a trader.

Has anyone ever doubted their future as a trader?

Has anyone ever thought about giving up?

Is it a big deal to lose some money trading?

Our losses are…

Myth #4

Your losses are not tuition for learning how to trade.

It is not ok to give your profits away to the market.

Myth #5

It’s ok to go back to your job if you don’t think you can be a trader.

It is not ok to work for other people.

Real jobs suck.

Contest #2

Why are you trading if don’t have an edge?

Contest #3

What’s an edge?

Myth #6

I can just take a look at the market today. I don’t have to trade.

Reality Check

I am powerless over my desire to trade the market. I am a pipoholic.

Reality Check

Overtrading will kill your account.

Hmm…

How much of a loss would it take for you to cut off your hand?

Myth #7

Trading = Freedom!

I answer to no one!

I pledge allegiance to my awesome self!

I pledge allegiance

To my awesome

Trading self

And to the Ferrari

Which I will drive

One news report

So help me God

Will make me RichWith pips and positive slippage for all.

Fun Exercise:

How to become unsuccessful, unhappy, and unprofitable.

How to Be Happy

Here is the most important part of the presentation.

Myth #78

Only trade with money that you can afford to lose.

Interesting Fact #1

Most traders plot way too many indicators. Why?

Interesting Fact #2

Nobody listens to us when we talk about testing.

Interesting Fact #2.5

How many books do you need to buy?

Interesting Fact #2.6

How many steering wheels do you need in your car?

Interesting Fact #2.65

How many currency pairs do we need to study?

Interesting Fact #2.7

How many super heroes do we need to save our trading?

Interesting Fact #2.8

How many indicators do you need?

“Mr. Booker, the tests are back. I am sorry to tell you, but your trading account shows traces of human growth hormone.”

“I swear I thought it was just some type of body cream. Not steroids.”

Interesting Fact #3

If you do not get into the habit of testing, you will blow up. Your head will actually explode.

Interesting Question #1

If I locked you in a room for 6 months with the MAC-Dizzle, could you build a system from it?

“Hi, Rob! How’s the MAC-Dizzle System coming along?”

“Oh, it’s ok. But my cellmate wants to dance with me, and it is very disruptive.”

Myth #1,026,100

“We take it as a given that the more info that decision makers have, the better.”

Less is More 2

You need to know very little to find the underlying signature of a complex problem.

Emotion:

People who tell you they feel no emotion while trading are stupid liars. And you should laugh at them.

Myth 3.14

To become a good trader, I need to be serious, boring, and crap like that.

Reality Check:

You are not reading enough poetry. You are staring at charts too much. Your eyeballs are going to fall out.

WWABD?

Some Awesome Trading Systems that I Just Made Up.

Murray Math

Highest Indicator

The Cloud

Problem:

Are you a 20 pip trader or a 200 pip trader? Which one you are makes a lot of difference.

Even 20 pips per week can get you what you want.

[email protected]

[email protected]