The following e-mail
was received on 22 Dec 2000, and is on file in our office.
Date: Friday, 22 Dec 2000
Joseph and Jess, This being a time of the year for reflection, taking
stock and giving thanks, I couldn't let the season go by without taking
the opportunity to express my gratitude to you both for all you have
done for me and my family. I'm coming to the end of my second
year as a Trend Dynamics student and I have reached a level of confidence
and understanding (and self-confidence and self-understanding) that
I have had only rare glimpses of in the past. Thanks to your painstaking
and heroic efforts at articulating the subtle and dynamic concepts contained
in the Course, TD Labs and on-line, you have literally given me the
gift of sight.
I have come to understand that there is an order present where I once
saw only chaos. As I have come to appreciate the principles you set
forth in the Course and internalize them so that I can express them
in my own trading, I can only profess wonder not only at the fact
that you undertook the task of expressing these concepts, but that you
succeeded so admirably. You truly captured lightning in a bottle.I'm
sure there were times when you questioned whether the result would justify
the effort, so I want you to know that, years after you struggled to
wrestle your thoughts into print, your ideas are still changing lives.
My story is similar to that of most traders. I made money and lost money.
I thought I was "there," but suddenly I wasn't. I knew there were others
who were doing what I hoped to be doing, but somehow I never quite got
there. I overtraded and I undertraded. I read everything, I bought
tapes, I attended weekend courses at airport hotels. I spent three days
sitting in front of a CQG screen with George Lane learning the secrets
of stochastics. I quit. I returned. I quit again. I returned again.
The postman tortured me daily with solicitations from every huckster
in the world offering me the secret to trading fame and fortune. I cannot
tell you why I didn't throw the Trend Dynamics offer in the trash, but
it sat on my desk for weeks, maybe months, before I called you, Jess.
was fairly noncomittal after reading the first few issues. I rushed
through them, looking for the hidden nugget, the simple secret to spinning
dross into gold. I was looking for the indicator, which red line had
to cross which blue line to create divergence to tell me when to buy
or sell. I became frustrated that I couldn't locate that nugget and
thought that this was just another scam, a great way for you to take
my money slowly over several years.
can't tell you what finally clicked. Maybe it was the first time I recognized
a 5D RePo all by myself. I quit doing other things, bought the rest
of the Course all at once and began to read an issue per day in February
1999. I've been online since April 1999. My trading journey since then
has been a slow, tortuous march where I was accompanied by my own personal
Ghost of Trading Past.
tried TD with stochastics, TD with daytrading, TD with Market Logic,
TD with everything but astrology. If you are going to take up trading,
you must be prepared to meet yourself. By this I mean, you must meet
your Self. You must be prepared to open your eyes and see clearly each
and every flaw, weakness and every bit and piece of personal ugliness
that restrains you from clear vision ("trading what you see"). Then
you must purge yourself of these toxins any way you can. (I have had
my wife come into my office during the day and physically force me to
leave so that I wouldn't feel compelled to act on intraday head-fakes.)
Taped to the top of my monitor is the phrase "I don't trade the markets,
I trade myself."
this year I began trading individual stocks. Like Jerry, I found the
tempo and rhythm of stocks to resonate with my own. I slowly (and I
do mean slowly) began to choke the demon from me that wouldn't sit still
and insisted on closing a position at the first sign of adversity. I
can't tell you how many times I bought into an 18D RePo and was out
before the first 5D line change, only to watch the trade mature from
2X where I got out to 20X days later.
Jess, you were dead right when you told me that doing my own research
would burn the concepts into my marrow so that I could trade with confidence.
Since I started trading with 45' ORBs, I haven't had a losing month
and I didn't even clue into short positions until late November. I'm
still leaving far more on the table than I pull into the net, but I'm
getting better at swallowing hard, closing my eyes tight, and just taking
the trade. As the result of my positive experience, I have the confidence
to begin 2001 with a plan to trade as my sole livelihood and to support
my family from my trading business. I never would have done it without
you. You brought me into your Tribe and you taught me to fish. You have
given me an infrared camera that I use in a world where no one other
than my Tribe knows about heat signatures.
Things happen at 5D, 18D and 54D line change points and POCs to which
all others are blind. The term "edge" is an eloquent understatement.
The knowledge you have given me is the answer to a prayer. Where I once
asked for the strength to reach for trading profits, now I need only
ask for the strength to bend over and pick them up. This electronic
Tribe is a curious thing to a man my age. I carry on important discussions
every day with other members, but I've only actually spoken to Jess
and Jerry. While I've never heard the sound of your voice, Joseph, your
written voice resonates within me and your words and your ideas have
guided me to a better understanding, not only of the markets, but of
myself. Thank you both for all you have done for me.