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Benefits of Commodity Traders Club & Real Success Method - JM

I know its been some time since I've checked in with Commodity Traders Club. I just wanted to take this opportunity to say thank you. Not only for the "Real Success" tapes, but also for the ongoing benefits of receiving the CTCN newsletter and your website(s).

I find myself going to the website at least a couple of times a week to re-read some past articles, or just to see what's new.

Recently I found Art Simpson's "Phantom of the Pits" Tough reading, but good stuff. Just one concept ratcheted my success up at least twenty notches.

For years I had been taught, and believed, that you set your position, set your stop (by whatever means) get out at your profit objective or Let the Market Prove You Wrong! Man, this last bit of "wisdom" cost me both money and emotional scar tissue!

I read and applied "POPS" theory; that It’s Not The Market's Job To Tell Me When I'm Wrong . . . It's Mine. I can't tell you how much money and pain this has saved me. Now I can set my position, allow the market to prove me correct, or if it doesn't, within an appropriate time, be out like a scalded cat. Am I out sooner sometimes? Yes. Will I put on a few more trades during a given time frame? Sometimes. Am I in a much better frame of mind after taking a $70 hit per contract (commissions included) rather than $200 or $250 whack in the head? YES!

I know this is very personal and probably falls under the 20% of any methodology that is not purely mechanical, but my account balance and peace of mind tells me it sure works for me. I can now enter 2 or 3 trades (if necessary) with a much better chance of catching a real move rather than sitting around in a choppy or sideways market and watching the market take bites out of my butt until my stop is hit.

Sure, it takes more agility, but that's one of the aspects of daytrading that draws me to it. It keeps me alert and on my toes, and my account balance and ability to act in tact. Art's materials have been beneficial to me. I still re-read these articles every month or so.

I first ordered "Real Success" videotapes and course in April of 1999. It's taken a bit longer than I originally expected to get where I am, but with the tapes, your support and the ongoing education I receive from your website (s), I will be trading for a living within the next two or three months.

Keep the forum alive. It's the best stuff out there. Looking forward to my Real Success-2.

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Real Success-2 Video Trading Course Feedback MJ

It's Friday afternoon after the close. I just thought I'd give you some feedback after the first full week of trading with the "Real Success 2" trading methodology.

I received the tapes and immediately locked myself in the "immersion room" to see if I could digest them before Monday's opening.

To be honest, at first I was a little taken aback. After trading successfully for more than a year with the original "Real Success" method, where were my trusted swing-highs and swing-lows? What is this stuff about Keltner reversal bars? What is a Keltner extreme move? How am I going to trade 1-minute bars?

After the initial shock wore off, I realized that you had not only made the methodology in the first series more sound, but enhanced and expanded upon it with completely new material. Great job!

By Monday morning, I thought I was comfortable enough to boot up and give it try. I wasn't. I paper traded all day. I kept watching the screen, referring to the tapes, watching the screen . . . etc . . . By the end of the day I was both angry with myself for not trusting the methodology, and exhilarated by the results. I couldn't wait for Tuesday.

To save time, I'll give you just the highlights.

From Tuesday through Friday by the lunch break, I had made twenty-three trades. (More than normal) I had seven winners in a row. (Modest), one loser, (again modest) seven winners, one loser, and then six winners, one loser. Now the best, using simply the most basic tenant of the method, I was able to catch a large part of the 1125 point move to the downside that occurred about twenty minutes form the close. What a way to go into the weekend!

Do I expect to keep up this pace? Probably not. Does the "Real Success 2" methodology work. You tell me.

Honesty Dave, I did nothing but what I was taught on the tapes. Sure, feel does play a part. You go to great pains to point out that no method is 100% mechanical. However, I can only tell you of my experience. Some days it’s there, some days it's not. However, it sure helps to have tools you can believe in.

I have been trading my own account for about 5 years. It wasn't until I got my hands on the first "Real Success" tapes that I started to make consistent money. In my opinion, RS2 is even more powerful than the original RS1.

There is a selfish part of me that hopes I can keep this new knowledge all to myself. But the larger part, the guy who was frustrated and struggling for three years would hope that anyone who is in that same boat would do themselves a big favor and start seriously studying either or both of this really terrific work.

Thanks again Dave. I’m sorry I really haven't contributed much to the CTCN Newsletter, but I'm not much of a technical guy, and pretty much like to mind my own business. However, when someone has been as helpful as you have, I have to stick my head up and say “Great job!”