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Signals I Take for My Trading Decisions

Dear Jordan,

Yesterday that long trade I started two days ago was still alive and on the chat Tom asked me on what signals I take my trading decisions. I avoided answering as I realized that the wrong impression could be created specially to either a newcomer to the group or a new comer to trading. Thus I would like to state the following and you use them or not as you see fit.

  1. I am here to follow your plan and not my own plan, therefore I trade according to JCL methods and signals.
  2. I stick to the trade, and I do not take profit or exit prematurely, except rare, very rare situations, provided of course I am there at the time. Reason: I do not know any better!
  3. After I have sectioned out my trading funds according to JCL group money management, I have a totally separate account that does not amount to more than 10% of my total, which from time to time I trade through this.
  4. In this case, I always have a strategy, a plan including stops and profit taking to which I stick. This depends on my own trading style and I do not recommend anyone to copy, on the contrary I advise them to create their own style.
  5. As I cannot be in front of a PC often, the above style is of limited use, thus I repeat I follow the group.

In any case, if for academic reasons you think that is of any use to go into more detail on the above, I have no objections, but I am always sensitive that I might do more harm than good. In any case if there is something I have learned for sure is that the market has its own mind and it does not coincide with mine. If money is made is for totally other reasons.

My best regards to you Jordan, have a nice day, as it can be nothing less than nice, as God has not created anything less than harmony. We simply have to pray to be allowed to see it.

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This too, shall pass!

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Thank you

Submitted by Jordan on Mon, 11/10/2008 - 22:13.

Hello Nikos,

I want to thank for so many things. Thank you for showing prudence by avoiding answering the question as it was outside our rules & methods and could only help create poor habits in the new trader with the group. The first thing we want a new trader to group to do is abandon all of his/her bad habits and be completely in flow with the group following the trading plan to the letter. It is safe to say that 100% of traders never followed a trading plan like that before.

I love the idea of 10% of the account being for free trading or rather personal trading. I would like to add to this to the group as I believe it will be very beneficial. I would also like work with traders who are taking advantage of this to make sure that they are following a predetermined plan to trade this 10% sub-account as well as emailing me results weekly or monthly to help keep them accountable and to improve upon what they are doing.

Above all thank you for being a positive influence on us all, for always brighten our day, bringing us peace and light.

God bless,
Jordan

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