tag:blogger.com,1999:blog-27784316.post3807545392765867446..comments2023-09-06T03:23:43.027-07:00Comments on I AM A FUTURES TRADER: Chris Johnstonhttp://www.blogger.com/profile/01542415946929766288noreply@blogger.comBlogger9125tag:blogger.com,1999:blog-27784316.post-41712829136624263832012-01-25T07:07:28.315-08:002012-01-25T07:07:28.315-08:00even tougher for me than trendless markets are tre...even tougher for me than trendless markets are trends like we have now in stocks that just slowly creep day after dayChris Johnstonhttps://www.blogger.com/profile/01542415946929766288noreply@blogger.comtag:blogger.com,1999:blog-27784316.post-42153664849485151192012-01-24T20:14:03.297-08:002012-01-24T20:14:03.297-08:00Don, I feel like I wrote that comment myself. Than...Don, I feel like I wrote that comment myself. Thanks for the kind words maybe you can be my ghost writer?Chris Johnstonhttps://www.blogger.com/profile/01542415946929766288noreply@blogger.comtag:blogger.com,1999:blog-27784316.post-46438519031506338172012-01-24T19:30:21.024-08:002012-01-24T19:30:21.024-08:00Investing in trendless markets is indeed quite dif...Investing in trendless markets is indeed quite difficult. They may be little moves up or down, but they can still lose you money. Don't let negative comments get to you, you write good serious pieces, and 500 readers per day is not half bad!farmland investmentshttp://www.greenworldbvi.com/alternative-investments-options/agricultural-farmland/noreply@blogger.comtag:blogger.com,1999:blog-27784316.post-35398003749265226612012-01-24T09:42:57.420-08:002012-01-24T09:42:57.420-08:00Chris
The fact that you say you don’t even know if...Chris<br />The fact that you say you don’t even know if you have a desire to manage large blocks of money should be telling you that you don’t have that desire. If you had any desire it would be in the forefront of your mind.<br />Forget the bozos who want to blame you for their losses or pass judgment with their labels. They are the losers in trading and in life.<br />Today’s politicians and government agencies and our public school system have conditioned people that “it is someone else’s fault” (just look at the blamer in the white house) but that they will take care of us if we just reelect them. For that reason, win or lose traders today are going to blame you especially the younger ones who have spent their lives in this conditioning system of “someone did it to me” and “someone owes me”. Ironically these G-men and politicians are the biggest “attention whores” on the planet, witness the current Repugnican debates to say nothing about the narcissist in the WH. When it’s good news he is responsible; when it’s bad news or a failed green investment he pushed for, then it is someone else’s fault.<br />It’s always the “little guy” who will get upset because he succumbed to all the trading system headlines that he could strike it rich in commodities AND he is usually trading with money he CANNOT afford to lose – two giant errors on his part. Too many people today can't think or don't want to think because that would also mean taking responsibility.<br />We older folks hate to blame ourselves but we learned early on that we are responsible for our decisions and that no one else can be blamed. As someone once said: it doesn’t matter what happens to you, what matters is what you do about it. Sadly too many people take that to mean “sue the bastard”.<br />I have been following your blog now for about 6-9 months and I have yet to take a trade you have mentioned was in a “setup” mode. Why? Because they (the charts) did not fit my setup criteria nor my entry methods. What your blog does for me is alert me to what you believe is an opportunity to buy or sell. From there I add them to my watch list and use my own methods. It’s the same reason I have never purchased a black box system – I cannot trade something I do not understand. And “understand” is the second thing I love about your blog. It’s not the trade selection that matters most but the process - the analysis, how you arrive at the point of taking a trade. That's what I value. I cut and paste your thinking several times a week into a “CJ” folder which is a collection of ideas about your trading style and philosophy. That is worth far more than the monetary gains. As the old Indian proverb goes: “Give me a fish and I eat for a day; teach me to fish and I eat for a lifetime”. <br />I couldn’t be happier with your blog. Well I suppose I could if you wanted to send me some of your winings you ole “attention whore” Like Wall St though I only want the winnings - give someone else the losses. Ha Ha <br />Thanks for all you do and keep it up.<br />Don in VirginiaAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-27784316.post-75267306138093944202012-01-24T06:35:45.657-08:002012-01-24T06:35:45.657-08:00Thanks for the nice comments
Yes I know who Tom D...Thanks for the nice comments<br /><br />Yes I know who Tom Demark is, I have read all of his books. I love his sequential technique and have used it many times over the years. As far as levels in price go, I am not any good at that. I do think we have an uptrend that will go higher from here after a pullback, so maybe that is how we get to his levels?Chris Johnstonhttps://www.blogger.com/profile/01542415946929766288noreply@blogger.comtag:blogger.com,1999:blog-27784316.post-15331354131606957322012-01-23T23:48:04.333-08:002012-01-23T23:48:04.333-08:00'... just drawing attention...' it seems t...'... just drawing attention...' it seems that was a person outside of trading business or without full understanding.<br /><br />Chris has proven several times, to be one of the world' most successful traders. Other successful traders have high regard to him too.<br /><br />I think he could launch a service and charge X-amount for his service. Instead he shares his thoughts for free with us. <br /><br />Likely, less knowledgable people feel more attracted by fancy web sites and journalists posting some stock trades. Well, that may be their place. There will always be some missing the point...Alainhttps://www.blogger.com/profile/14485268416969234840noreply@blogger.comtag:blogger.com,1999:blog-27784316.post-70456313414976984192012-01-23T19:35:52.810-08:002012-01-23T19:35:52.810-08:00I think your posts are great, I found your blog ov...I think your posts are great, I found your blog over the weekend and read through all your january posts the same day :-) <br /><br />And you're right, the market is definitely due for a correction. Do you know who Tom Demark is? He predicts that the S & P is going to run upto 1338-1342 levels before correcting about 11%. Whats your take on this?Vikashttps://www.blogger.com/profile/08975404537114085288noreply@blogger.comtag:blogger.com,1999:blog-27784316.post-88717798157767400022012-01-23T18:39:07.161-08:002012-01-23T18:39:07.161-08:00I love your commentary.....and have learned a lot ...I love your commentary.....and have learned a lot about the mechanics of psychology and incorporating that component into the fundamental and/or technical aspect of trading or investing(dependent on the type of trade).<br /><br />Thanks for allowing me to learn through your sharing of your various approaches/setups.<br /><br />Best, DaveAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-27784316.post-27248137211924648732012-01-23T18:35:21.980-08:002012-01-23T18:35:21.980-08:00Every trader has been on edge due to the melt up. ...Every trader has been on edge due to the melt up. I have left my screen for the day in anger twice over the last two weeks at little intra-day movement after the opening.Squirehttps://www.blogger.com/profile/14088030568579672500noreply@blogger.com