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FWIW... Just for the record:
I have been part of discussions with Ric Ingram extensively on another list and have chosen to experiment with, and now trade his market path philosophy with success.
He has never asked me to buy anything. And I have never bought anything from him. And he has been very forward with his personal comments and advise with never a word of monetary benefit.
While some of his messages may sound like spam my experience with him has not been spam. And it has involved no money. While there is a place on his web site that leads a person to the possibility of paying for trader coaching, there is much on the site that is free and available for all.
After all the money I've spent over the past years on various ways of trading, I am now trading profitably on a consistent basis having payed nothing for the chance.
(No, I have no connection with his stuff, am not a satisfied customer... just making money with what I learned from the guy...)
Steve
PS While I still love hearing everybody make their predictions and watching to see how it comes out, I'm now making my money with no prediction...... I guess I'm still a closet forcaster...I just can't make any money at it.
On Fri, 26 October 2001, "Steven Schroeder" wrote:
>
> you will know you have been spammed into oblivion when you respond to ingram's drivel, rather than reacting.
>
> ----- Original Message -----
> From: "ric ingram" <ringram@xxxxxxxxxxxxx>
> To: <realtraders@xxxxxxxxxxxxxxx>
> Sent: Friday, October 26, 2001 8:56 AM
> Subject: [RT] Trading not Trades
>
>
> > Hi,
> >
> > This is not another one of those "XYZ has strong support at 56 and the Gann
> > angle suggests a target at 67" emails.
> >
> > We all use different trading systems.
> >
> > So some facet of my trading system, with regard to some particular trading
> > instrument, at one particular time, is of little interest and even less
> > utility to anyone, even the originator.
> >
> > This email is about trading.
> >
> > It is not about one aspect, of one view, of one stock, at one time as
> > perceived by one trader.
> >
> > This email is intended to make you think, not react. Winning traders
> > tend to respond to the market rather than react to the market. So I
> > challenge you respond not react to this. You will know you are
> > reacting if your emotions are strongly engaged.
> > -----------
> > Successful traders come in all shapes and sizes. The range of trading
> > systems and trading instruments and markets traded is enormous.
> >
> > However, many successful traders appear to have many techniques in
> > common. Some of these secrets are documented at
> > www.traderscalm.com/calm.html
> >
> > There was one common feature which I first mistook as a trading style
> > difference.
> >
> > It is this 'concept' I now share with you.
> >
> > Most traders, including many successful traders, spend a lot of time and
> > effort identifying good entry points. This is usually done by
> > studying the path of the market to this point - based on chart patterns or
> > moving average cut-overs and many other approaches.
> >
> > Most traders then use this analysis of prior market path (or patterns) to
> > predict market direction - so they can go on to trade market direction.
> >
> > Many of the successful traders seem to carry on with the market path
> > concept after identifying their entry point - they often do not trade
> > directionally at all, or only part of their approach relates to market
> > direction.
> >
> > It is as if they are saying, "If I study the path of the market for my
> > understanding and for identifying an entry point, I will continue trading
> > market path because that is what I know best."
> >
> > One of the benefits that seems to accrue to this approach is that the ego
> > is not involved so much - as these traders are not predicting direction -
> > so there is no 'success' or 'failure' in prediction of direction, because
> > there is no directional prediction.
> >
> > One of the greatest inhibitors of calm - the ego - is often thus not invoked.
> >
> > And they do not need to talk about their predictions, because they have none.
> >
> > They are on to a virtuous circle of calm generating more calm.
> >
> > The majority of traders appear to lose sight of the target - they track
> > market path and then aim at market direction! Is it then surprising
> > that many miss the target - they were not looking for it!
> >
> > For another approach to this concept and its implications see
> > www.traderscalm.com/droppingthebaton.html and follow the hyperlinks.
> >
> > I am glad you responded not reacted!
> >
> > Trading with good feelings, Ric.
> > www.traderscalm.com
> >
>
>
>
> To unsubscribe from this group, send an email to:
> realtraders-unsubscribe@xxxxxxxxxxxxxxx
>
>
>
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