With November drawing to a close, it's always surprising to me still the number of people wanting to take our classes in December. I would rather they take it in the summer but for some reason we always get the highest applications in December.
Unfortunately, we can only take in so many. Each class has a max of 4 people and even then it's still up to the instructor to decide what his or her max number is. We don't try to take in more people than we can handle because we want to ensure we are giving our students the attention they deserve.
Take my current cohort for example. There's about 7 of them but they will be with me for 2 months and they have access to me nearly 24 hours (I barely sleep). There are those of you reading this who think that taking a class is useless. I respect your opinion. If you are able to make money on your own homie, then God Bless. However, for the majority of people who can't just learn through books, classes are very invaluable to take your trading to the next step.
I had to be trained by a market professional when I was starting out in this business. I found it so useful because I had someone to ask questions to and get the right answers from. The things that I do now and the techniques we teach at Equity Sense are a combination of our experience and the teachings of our former mentors.
Let's put it this way - if those mentors of mine really sucked, I would suck as a trader too. A student is only as good as his/her mentor. So if you're still on the fence about classes, look through our site or come talk to us. If we can't help you, we'll send you to someone who can.
As far as I know as of this weekend, we have 2 spots available for the December intake. If you are interested, I highly encourage you to send us a note. :)
Good luck this week!
What a time to be a trader! We are faced with a shadow recession while staring at a facade called the stock markets. Ignore the fact that Japan and Canada are in a recession, the market seems to be projecting that all is well. It's no surprise the equity market's rise is fuelled by debt via central bank stimulus. Who pays for that debt? Take a good look in the mirror.
Reality - we are having a huge commodity meltdown. Expectation - we should be crashing. Reality - we are not. Why? Because we must keep the facade going. They (the evildoers, central bankers) don't want everyone to panic that the very foundation of the financial markets is crumbling. I sound like Peter Schiff or Marc Faber. But I am just laying out the reality of what's happening.
Now how do you trade this mess? You just follow what the market is doing. Because if you somehow short because of fundamentals or logic - you will find yourself broke very quickly. It's been like this since 2011 and you just have to keep doing it. This is why you see a lot of funds blowing up because their investment methods no longer apply to this deeply bifurcated market.
Those of you who follow me know how much of a permabear I am. But, look at me lately - I have been calling out more upside than downside. Why? Because fundurrrrrrmentals.
BTW, if you haven't already clued in, the NYSE is going to remove stop limits and GTC orders effective Feb 2016. If there was a time to diversify into futures, forex, bonds or bitcoin - it is now amigos.
Ever had a trading loss? Who hasn't right? It feels awful. It feels like you've been punched in the stomach after downing a case of beer. Losses are inevitable and a veritable part of trading. Most people would rather avoid feeling the pain and only wish they have solid trades that don't lose. That never happens in the real world.
If you ever want to do well in this market - you have to accept reality. Hard as it may be, losses are part of trading. I always think of losses as a chance to restart and refocus on better things. Every trade is governed to a great degree by chance. This is an inescapable fact.
Learn to change your perspective on things as it pertains to the markets. Perhaps from there, you can start to see things from a different light.
Traders from Equity Sense will be writing on this blog on positions and other market-related things.