It makes me a better trader as I have to be on the top of my game to teach. I also learn by working with other traders.

Here is an email I received from a trader in Australia named John Palmer. He shared with me some of the lssons he has learned along the way. I wanted to pass his thoughts onto you as it can help speed up your progress.

Here are his thoughts…

1 For ten years I have been guilty of looking for the holy grail and now realise it doesn't exist. If there is a holy grail its contained in the word "think".

Most people are unable to think creatively as its jolly hard work as if we are totally honest it challenges many of our pet ideas which is why so few people do it. Just regurgitating what others have said is not real thinking, that's more like memory.

2 Another way of saying "living in the present" is to not have an opinion. I was watching a TV program last night and the detective was asked his opinion on the case and he said "I have no opinion. I am gathering facts".

Being a trader has a lot in common with detective work as we need to gather the facts but where I was going wrong is I tried to come to a conclusion before I had gathered sufficient facts. This made me feel insecure and anxious and couldn't make up my mind. This is where your approach is so good, there are definite bar types to look for and definite entry and stop loss rules. This gives me a sense of security as I know that to do when I have found an IB and it meets other criteria ie fib retracement. The only variable is when to exit.

3 I was always looking for the better ways to trade so that lead me to Gann, Fibonacci, proprietary indicators etc but none of them suited me. When I was researching IB's I could see the potential. I am glad I followed my intuition and bought your course as it filled in the gaps in my own research. I am sure I would have filled many of the gaps
but how long was it going to take? It has enabled me to focus on one system at last and become proficient in applying it. Focus is vital and I have decided to do ordinary things extraordinarily well.

4 Being an engineer I tend to want things to be exact so when a pattern emerges and it doesn't follow the ideal I get tend to get confused. This is hopefully being addressed by the simplicity of your approach.

5 I have decided to learn as much as possible from my mistakes. There is nothing wrong with making a mistake providing I make it once or twice and thoroughly learn the lesson. This takes a lot of introspection and being able to put aside old ideas when they are causing me to fail. This is hard as often I don't want to change my way of thinking as its foreign territory as the old ways are more comfortable.

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Take what John has said to heart as it is always less painful and costly to learn from someone elses mistakes.

Peace & Prosperity!