Greetings:
I guess now is as good a time as any to unload a very closely held secret about who I am in the online trading world and why I am still here.
I've been involved with trading in general for 10 years and with FX for nearly 8 of those 10 years. I spend the first 2 years getting up to speed on equity options trading strategies before making the move to FX. I started (like many) with a Retail Bucket Shop and later found myself with a Bank offering Retail FX Intermediary services. I developed a custom set of indicators for FX, and later pushed their development into a successful prototype trading system. I used that system to propel me out of Retail Bucket Shop trading platforms, and into two different Institutional trading platforms, where I currently conduct all production trading to this day.
When I have the time, I do what I can to help New Traders avoid some of the common mistakes that befall many people just starting out in the Retail FX Trading business. I like New Traders because I remember what it was like being one myself and I recall how precious few people were around to help me learn the ropes and to help me develop an Edge, which is absolutely necessary in trading for long-term success and consistent profitability. But, that is not the secret - that's just the background.
The secret that nobody knew until now, is that over the years I have been quietly developing a small force of Traders, known in private as StealthTraders. Before one became a StealthTrader, I personally taught them:
- How to develop your own technical market theories
- How to develop your own custom technical indicators
- Creating the Indicator Development Lifecycle
- Creating the Trading System Development Lifecycle
- How to use multiple test accounts properly
- How to back-test a trading system properly
- How to evaluate Retail Forex Brokers for Production Trading Accounts
- How to develop a Revenue Model based Money Management System
- How to trade with Timing, Direction, Magnitude and Probability
- How to trade with Accuracy to a specified target per fixed unit of Time
- How to develop rock solid Trader Psychology
- How to avoid Emotional depletion and Physiological stress
- How to finally develop a genuine Traders Mindset
I enter the online trading community jungle once per year (sometimes more, it depends on my schedule) and I hunt for one (1) candidate to train. I approach that one (1) individual each year and only once each year, and I deliver all of the above without charge, without request for payment, without an accounts receivable being generated, without a bill at the end, and without any requirements other than the following:
1) The individual MUST have demonstrated fundamental common sense.
2) The individual MUST have demonstrated integrity.
3) The individual MUST have demonstrated the ability to be willing to think outside the box.
4) The individual MUST enjoy working hard.
5) The individual MUST enjoy working smarter even more than working hard.
6) The individual MUST have high EQ (extremely important to trading).
7) The individual MUST have a sincere desire to help others.
8) The individual MUST be committed to three (3) months of training without distractions of any kind, whatsoever.
9) The individual MUST be in possession of the will to succeed.
10) The individual MUST be willing to adopt the personal attitude and belief that Failure Is Not An Option.
With those ten (10) personal traits in mind, I journey into the online trading community wilderness, endure great hardship from committed Trolls and Bucket Shop Broker Paid Shills, and I search the trading rooms, forums and boards to find my Protege, where I work one-on-one with the selected individual in an attempt to bring them up to speed on things they can't possibly know that early in their trading career - and that would take them years to learn on their own otherwise.
Once the Protege finishing training, they are tasked with opening a trading account and funding it with $2,500. They are then given 44 days to turn that $2,500 into $15,000+ min., as a demonstration of their preparedness. Once they achieve that goal, they are then designated as a StealthTrader, and given their unique StealthTrader ID#, such that no matter where I go on the internet, I will be able to identify their posts.
They then have but one (1) obligation to fulfill to me personally.
They must go out into the world and hunt for a Protege of their own to train. They must guarantee to me that they will train at least one Protege before they end their career as a Trader.
To date, there are a total six (6) SteathTraders in the world as we know it:
- StealthTrader 1
- StealthTraer 2
- SealthTrader 3
- StealthTrader 4
- StealthTrader 5
I am the original StealthTrader.
It is my understanding that StealthTrader 6 and StealthTrader 7, are not far from receiving their designations. No Protege to date has failed to receive their designation.
Once a Protege becomes a StealthTrader, they are introduced to the ultimate StealthTrading concept, Collaborative Trading. Collaborative Trading is voluntary among all StealthTraders, but none have refused to engage when called upon.
Collaborative Trading involves the use of StealthIndicators and StealthSystems of various kinds as developed by the individual StealthTrader himself, or herself, where various positions are taken within the market according to the responsibility that each StealthTrader has within the StealthTrade Profile. We have a special joint trading account designated for Collaborative Trading, as well as our own individual trading accounts.
Masters of the Universe? No. A Masters in StealthTrading? Yes.
In 2012, I did not find my Protege. I had until July, and did not come across all of the personal traits that was in search of. This was the first time in years since beginning my annual search that I failed in the hunt. Hopefully, 2013, will be a more successful hunt.
What's the point?
It is very simple. The goal of being a profitable StealthTrader, is to produce another profitable StealthTrader.
