Nobsdaytrading - No BS Trading Intermediate Course
“If the market is an auction and volume dictates price, why are you spending all of your time on a Rorschach test?”
A No BS question to a lifetime chart addict…
In a previous life, I worked for several proprietary trading firms in Chicago. During my time there, I learned a few things. I also made a lot of money. And I still use the same strategies today which I used then, albeit, with some modifications. Technology changes but the fundamentals always seem to stay the same. If you would like to get an inside look into what happens in the world of proprietary trading, I invite you to read through this site and watch some of the videos I have posted on youtube. You will learn more from me for free than I learned from all the courses I bought as a novice way back when I knew everything there was to know about technical analysis and thought I was a genius. Except I was a genius who wasn’t making any money.
If you already understand the benefits of watching the order book (a.k.a. tape reading) and realize it has value, then I do not need to sell you on this idea and you will find a lot of helpful information on my site and in my free youtube videos.
If you do not know what the order book is…or if you do not see any value in watching it…or if the idea of trading without charts sends an inexplicable wave of uneasiness down your spine…all I ask is that you read the next few paragraphs. It is my hope that the information within them will help you understand why most traders lose money.
Traders are becoming smarter. Technology has prompted this. The average guy in his house is starting to learn things which he could have never learned prior unless he worked for a trading firm or walked onto a trading floor. However, even with all the news and information which is available, many retail traders are still incredibly lost in the quagmire of misinformation, bad advice and sales pitches which bombard them on a regular basis.