Wyckoff trading method, page-87

  1. 16,642 Posts.
    lightbulb Created with Sketch. 1291

    I don't know exactly.....some people 'get it' fairly quickly....other struggle for a while...and some never really get it at all.
    (when I was learning, mostly by webinar and recorded webinar, there were a few people who had already been training for over a year before I arrived, and were still asking the same 'dumb' (well...basic) questions, when I finished......)

    And sometimes you need to 'unlearn' some of what you already know before you really 'get it'.

    And a few years ago, I was helping a Hot Copper member learn some VSA/Wyckoff, who was having ongoing difficulties.
    So I actually let him contact me at home by phone on the weekends, so we could talk rather than type, and at the same time both look at the same charts together.
    Well this guy was headstrong...he thought he knew it all already, he wouldn't properly listen, he would debate the tiniest things for ages. And he wanted exact measurements (of narrowing of spreads, or increasing volumes etc...) when I said just to visualise it).
    I tried for a numbers of weeks, and at the same time he was trading during the week (because he was so smart).
    And he did have some decent wins at times......
    But he didn't have any sort of trading plan at all, he couldn't properly read a chart, and he didn't have any money management or risk skills.
    So sadly I was unable to save this guy from himself, and I think he must have totally blown up his account before he actually learned anything substantial.
    Because he eventually stopped calling........

    so we'll see how it goes....and perhaps not put a timeframe on it.
    But I'm here a lot, and don't mind helping out when I can.

    cheers
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.