I am saving up to join Keystone Trading's program, which lets you trade their capital. They charge you about $5,000 for a very comprehensive program (equities,) and it teaches me to trade their way, which I am pretty sure that, in order to keep using their capital, you have to continue implementing.
I have researched their background and I think it's worth the risk, given what I will learn. Over the past nine months (when I started trading currencies), I have discovered that the connection between equities and Forex is stronger then I first realized. So, in order to continue being successful trading Forex, being taught the other side will be important.
Here is an interesting list of things that is the premise of their teachings (which, obviously, they expound on:)
Some questions you should be running through your head all day long:
Is there an obvious edge to the market?
Are the market internals telling a story?
Is there obvious insitutional order flow in my list of stocks?
If I have no edge what do I need to see for me to want to get involved? What levels would make me sit up in my seat?
What price makes the most sense based on risk reward?
What do I want to see on the tape AFTER I get filled?
What don’t I want to see after I get filled? What is my plan if it moves in my favor/against me?
Where will I add to the position? Where will I scale out?
Is today a trend day or range bound?
Am I trading the type of day unfolding or am I trading what I want to see happen?
Posts
Are These Stocks Naughty or Nice?
5 years ago
What about guy cohen's program? How is that going so far?
ReplyDeleteIt's working great...just have to use use stop losses to be safe...don't ever forget to do that, even if the formation is obvious...very profitable.
ReplyDeleteHi Brad,
ReplyDeleteIt's been a couple more weeks and I'm really considering buying the cohen program. What are your thoughts about using that system exclusively to trade? Do you think the dvds and the website do enough to teach the system and do you think I could make a living at it....meaning make $30k-$40k per year with $50k-$100K in traing capital? Thanks...james
Just buy it and try it for 30 days...they are very reputable...and if you don't like it, or don't make money with it, they will refund you. If you get it, please use this link: http://www.guycohen.com/us/cmd.asp?af=1051872, because I get emails about it all the time and it's nice to get recognized.
ReplyDeletep.s. DON'T FORGET TO USE STOPS...even though you rarely need them.