Day Trader Little Known Fact

Just when you think you know it all, someone proves otherwise.

I had told you guys about a webinar that Jason Alan Jankovsky was hosting.  It really was great.  Very insightful and filled with information I never gave much thought about.  The first element he spoke about in regards to the market place and trading forex, is time.  It takes approximately 72 hours for a trade to really mature into the trade you had expected.  I dont know about you, but there have been countless times where I got stopped out only to see later, it turned around and went in the direction I wanted.  Then of course, Im looking at the damn thing a few days later, and with a curse and a mutter, it turned into a coulda shoulda woulda thing. GEEEZ, how many times!!!!

Ask these guys for a recording of this webinar, it's free

Now of course, I'm thinking I might have to adjust my trade size.  Most of us stop out after 20-50 ticks, right?  So what if we adjust our trade size down to a fraction of what we normally trade.  You're thinking, well, I usually only scalp (me too) 5 here, 15 there, so on and so on.  His thinking is more like weeks to months.  He looks to get 400 or more out of a trade. For me, that would take quite the effort, psychologically.  But think about it, if all this is true and attainable, the small amount traded would certainly be made up for in the number of pips in profit.  I can on and on but what I suggest if go to this website and register for a free one week trial.  In doing so, you will be able to talk to Jason via his daily broadcast.

I Made Money This Morning With My Ears

I was listening to Jason Alan Jankovsky this morning.  He's a very noted and accomplished trader/analyst on staff at Trader's Audio.  Anyway, as you know, the markets have been very choppy as of late.  It's been very difficult to make a play and feel good about it.  So I'm looking at this drop on the Euro to 1.3791, and im thinking, this is a good long right here.  I was hesitant to pull the trigger, but sooner said than done, Jason says in fact, this would be a good place to go long.  I needed that.  I needed or should say, wanted, some confirmation.  Once I heard his voice what I was thinking, I pulled the trigger.  Good move, I made a nice little profit of 15 ticks.

I'm a very good analyst myself.  I've been playing the markets for over 15 years.  But as you know, sometimes you come across some self doubt, nervousness and whatever else screws with a traders' head.  It's nice not to trade alone.  It's nice to know someone of recognized accomplishment is thinking and saying what you are thinking....or maybe what you're not thinking.  Bottom line, dont trade alone.

PS: Tonight at 5pm EST, Jason will be doing a free webinar about the biggest problems traders face on a daily basis.  Go to the website and make contact with him through Traders Audio  There is no link about it because the invitation only went out to registered, not paid, users.  At the very least, get registered for a free trial and take advantage of their on going webinars and use of the website for one week.  email them if you dont get the invite.

For Experienced Traders Only

If you're an experienced forex trader, you might be interested in listening to a forex audio channel hosted by Traders Audio.  The staff speaker, Jason Alan Jankovsky, is phenomenal.  He is so experienced and so knowledgeable, his pace may be a little too quick for beginners.  However, he does allow for Q&A from anyone.  Not only does he talk about support and resistance on all the pairs, he's not afraid of voicing his opinion on world politics, the economy and whatever else he has a beef with.  In this day and age of 'politically correct' media, it's kind of refreshing and entertaining to hear what most of us are probably thinking anyway.  His broadcast hours are limited to specific hours, but the time he spends with you is invaluable.  If you miss a broadcast, there are many video recordings to check out.

Here's a brief bio:  

Jason Alan Jankovsky 
is a 20+ year veteran of leveraged transaction trading. Trading extensively in Futures, Options, and FOREX since 1986, first as a customer and then as a registered broker, he is self-taught and self-educated. Working in almost all facets of the trading business, he has authored several trading systems, trained other successful traders and has been published in many industry periodicals; his numerous articles on global cash FOREX have appeared in "Traders Savvy", "The Perspective", "SFO Magazine", "Futures Magazine" and other industry publications. He is a regular guest on FOREX TV and the Jack Bouroudjian Show as well as other business radio and television shows. He is the author of "Trading Rules that Work: The 28 essential lessons every trader must master" (John Wiley & Sons, October 2006), a regular Amazon top-100 best seller in the category of "Futures"