Written by A.J. Brown

A Letter from a New Member

Letter from a MemberEvery once in a while, I receive a letter that warms my heart and reminds me of why I do what I do. On Tuesday, I received just such a letter.

I want to share the letter with you here. Please note that I’ve not used the member’s full name because he wanted to remain anonymous.

The subject line of his email was: “The first fruits of my learning.” Naturally, I was curious. So I opened the email. Here is what I found…

From: E.A.
Sent: Tuesday, August 05, 2008 11:25 PM
To: A.J. Brown
Subject: The first fruits of my learning

Hello A.J.,

I want to thank you for the excellent and very valuable information that you make available and, also, I want to let you know that I appreciate you for the generosity that is evident in the way that you share your knowledge.

Before I immersed myself in learning what you have to offer, I had embarked on a foolhardy (in retrospect) effort to make money in the markets by day trading/position trading of stocks. I truly did not know what I did not know!

Prior to starting your course, in the period of 2 months I managed to lose $8K of my $54K nest-egg by being an ‘emotional’ trader. The main mistake I made, over and above not understanding why/when/how to get into/exit trades, was to move the protective stops that I had established which caused my losses to cascade from manageable to gruesome… And then I tried to compensate for the losses with more trading. I’m sure you hear this all of the time.

So, the first fruits of my learning, besides everything that I am getting with respect to analyzing charts, creating hot lists and follow through rules, choosing options, money management etc. is that I AM NOT DOING ANY TRADING OF ANY KIND, EXCEPT PAPER TRADING, UNTIL I HAVE ESTABLISHED A STRONG/SUCCESSFUL TRADING PRACTICE AND A RECORD OF SUCCESSFUL TRADES. The caps are for my own benefit… So, money saved, in this case, is money earned.

I look forward in becoming proficient with what you are teaching and to showing you the record of my successes. I do intend to join a trading group, but only once I get past the initial learning curve. I also intend to continue with my membership once the trial expires. Way worth it!

Regards,

E.A.

Can You Relate?

Perhaps you can relate to E.A. I hear stories like his often.

People who lose money in the markets are smart people! Sometimes they’re super smart.

It’s just they haven’t been armed with the right information — yet.

If you feel that you could benefit from a systematic and time-tested method of trading options, then claim your trial membership here.

Best regards always,

A.J. Brown

8 Responses to “A Letter from a New Member”

  1. Ernie @ 3:42 pm:

    This was an excellent article on investing and following your teachings.
    I plan to enroll in your OPTION TRADING classes when I return from my vacation in mid September. I have saved all of your information and look forward to learning PUT & CALL OPTIONS.
    Ernie Loeb

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  2. Gabriel @ 6:43 pm:

    I can relate to this story. I too have been on the losing end of emotional trading. Trading is better done with a system in place and leaving the emotion out of it. I am eager and looking forward to learning “Options Trading” from A.J. I want to create my own nest egg, through options trading so I don’t ever have to say “I work at…”, I can say “my income is derived from successful options trading”. Best of luck to all of you traders out there.

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  3. A.J. Brown @ 9:25 pm:

    Ernie and Gabriel,

    Thanks for chiming in. You’re going to notice some amazing things happening at Trading Trainer in the next months including a new member site, new tools, better organized learning material, and so on… STAY TUNED.

    Glad to have you both around.

    A.J.

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  4. mark @ 5:41 am:

    TOTALLY CAN RELATE AS I WAS IN THE SAME BOAT WITH SOME ADDITIONAL BAGGAGE….WHAT REALLY IS SIMPLE, ONE OFTEN MAKES COMPLICATED….ONCE I CAN K.I.S.S. (KEEP IT SIMPLE), THEN I WILL BE BACK TRADING THE MARKETS WITH REAL $$$, AND GET OFF THE PAPER TRADES AS WELL….AND TO HAVE ENOUGH CONFIDENCE IN “MYSELF” TO SUCCEED!!!

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  5. A.J. Brown @ 9:19 am:

    Hi Mark,

    I can totally relate. In the beginning, I could not figure out why I couldn’t succeed at trading stock options despite buying into just about every single one of the options trading education programs there was at the time. Then I figured a few things out:

    (1) My trading practice was a hobby. When I consciously looked at it and treated it like a business with a P&L statement and a balance sheet, the whole dynamics changed. (Businesses look at the world to capitalize on the yield spread between incomes and expenses whereas hobbyists tend to look at the world in the form of costs only.) I had to realize that you have to spend a dollar to make dollars.

    (2) I was a lone ranger investor. Trying to do this alone wasn’t working. There is no denying that what happens in the market is based on consensus. When I formed a statistically representative investment group that looked over my shoulder at my trading practice and allowed me to do the same to theirs, the whole dynamics changed. Also, having the accountability and motivation of being surrounded by like minded investors with the same intention in mind was a major asset for me.

    (3) I jumped in with real money too soon. Paper trading does not have to be a negative thing. When people learn how long I’ve paper traded after losing over $100K initially to not only make sure the system I was using worked but to also make sure my overall trading practice was grooving, they are astounded. Of course, I’m thick headed and stubborn so it took me a long time to break emotional habits that most people get over quickly. Paper trading is a good thing.

    Anyway, Mark. Glad to hear from you. Know that I have confidence in you. Each and everyone can succeed if they want to. It just has to be planned out. I haven’t met one person yet who was able to just flip a switch. (That’s a hard pill to swallow in today’s world where people seek instant gratification.)

    Cheers!

    A.J.

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  6. Charles Grix @ 9:01 am:

    As a twist on Marks comments. I am looking forward to the trading trainer training after investing in a hedge fund that had supposed professional traders and losing everything. With all the hype I have heard at introductory seminars put on by the various education groups,I will too do paper trading till I have developed the knowledge, skills and attitude of a successful trader. I like your introductory comments AJ that perfect practice makes perfect.

    Charles Grix

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  7. Ann Bennett @ 8:51 pm:

    I was a single mom raising two children and running a Company. Now the Company has been sold, my children are married and I have 4 grandchildren under 5. I want to become a successful trader to be able to provide for my grandchildren’s education and continue to help out my children as they need it.
    I have learned a lot from the information on the website and the Monday sessions and am positive that intensive training that you offer would provide me with invaluable learning and information to allow me to achieve my goal of a successful trader.

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  8. Richard Jolly @ 12:52 pm:

    Does anyone know of a good stock options trading book?

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