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Mar 30 2010 6:28PM 0 negative votes 0 positive votes  |  (permalink)
copperstl
Posts: 51
Tags:
FAQ
Black Pass FAQ

I trade live several mornings per week and maybe a few afternoons if the market is moving.
The Trading Lounge is open all day for dialog and collaboration with other Trading Family Members.
 
It looks like you do a lot of day-trading with small accounts.  But how do you get around the SEC rule that you can’t have more than 3 round-trip day trades in any 5 day period for accounts under $25k?
  I will teach how to get around that ----
I saw your comments about how all traders “read the same books” so it sounds like your trading system might be very different from most other traders.  Is there some sort of formal training or hand holding for new traders or do we have to just ask lots of questions in the chat room?
I have the course built and outlined so you can progress at your own pace. I am in the room in the mornings and some afternoons during the close now that we have our spring/summer cycle. My goal is to teach ppl how to make their money by noon, then have a life. This is why we are traders --we make good money and we don't have to work full-time.
Do you teach us everything you know or is there some information that you consider to be “proprietary trade secrets” that you don’t reveal?
I teach you 4 or 5 strategies, help you build life skills, I give some of my proprietary info (not all) but enough that ppl are able to make 6 figures with me ....shoot, I have ppl that can't even read charts follow these on their blackberry   -
Do you give us the full ability to eventually find setups, and determine entry, exit, and stop loss points without your help?  In other words, is the black room mainly for new traders, and the idea is for them to eventually not need it and be able to trade on their own?
I do teach  all of these next questions, however the point of this room is not to move ppl thru and out. I am building trading family that can trade together for life. Could you go trade on your own after you've built the skills, knowledge, and experience?  probably --but trading is lonely. I wanted to build a solid group that can grow together. If I am on vacation, I know someone will care enough to text me to go check a position, as example, but I must have the trust to know that person knows what they are doing. Some will leave, but many will stay as friends and colleagues. We log on every morning as our "career" ---the membership price is moot. Sorry I have to charge to teach you, and to have the tools you can use, but we make that in one day or one week. This is about people.....not money.....people and their goals, their education, and their importance to the rest of us.
-

Using Starter Accounts: 
My kid just opened an account Feb 5 so I could show the options students how to build income with starter accounts.  1994.00 was the starting amount. today before trading started it was worth 3349.00 with 1949.00 in buying power! that's 9 trading days ..she traded 6 of those days around school for a few hours in the morning
 
I have many starter accounts of $400 to 1k ---one account last year, I  started with 563.00 in Feb --and by late May is was 10k. so....I am a big believer in using limited funds to build.
 
I teach people how to use 1k to 2k to build a consistent income with options in the black room. Lots of hand-holding with the team...they learn to trade my system and so far, so good!  
 
Use a simulator that mirrors live trading so you can make order entry mistakes, and every other mistake there first.  
 
 
I don't watch CNBC, read tweets, and read all the books...it's just too much noise.  I  will review CNBC only to know what they are telling the masses that really don't know how to trade what to trade so I can trade around them. smile.....
Apr 8 2010 3:45PM 0 negative votes 0 positive votes  |  (permalink)
jb1031
Posts: 2
Tags:
Quoting copperstl
I trade live several mornings per week and maybe a few afternoons if the market is moving.
The Trading Lounge is open all day for dialog and collaboration with other Trading Family Members.
 
It looks like you do a lot of day-trading with small accounts.  But how do you get around the SEC rule that you can’t have more than 3 round-trip day trades in any 5 day period for accounts under $25k?
  I will teach how to get around that ----
I saw your comments about how all traders “read the same books” so it sounds like your trading system might be very different from most other traders.  Is there some sort of formal training or hand holding for new traders or do we have to just ask lots of questions in the chat room?
I have the course built and outlined so you can progress at your own pace. I am in the room in the mornings and some afternoons during the close now that we have our spring/summer cycle. My goal is to teach ppl how to make their money by noon, then have a life. This is why we are traders --we make good money and we don't have to work full-time.
Do you teach us everything you know or is there some information that you consider to be “proprietary trade secrets” that you don’t reveal?
I teach you 4 or 5 strategies, help you build life skills, I give some of my proprietary info (not all) but enough that ppl are able to make 6 figures with me ....shoot, I have ppl that can't even read charts follow these on their blackberry   -
Do you give us the full ability to eventually find setups, and determine entry, exit, and stop loss points without your help?  In other words, is the black room mainly for new traders, and the idea is for them to eventually not need it and be able to trade on their own?
I do teach  all of these next questions, however the point of this room is not to move ppl thru and out. I am building trading family that can trade together for life. Could you go trade on your own after you've built the skills, knowledge, and experience?  probably --but trading is lonely. I wanted to build a solid group that can grow together. If I am on vacation, I know someone will care enough to text me to go check a position, as example, but I must have the trust to know that person knows what they are doing. Some will leave, but many will stay as friends and colleagues. We log on every morning as our "career" ---the membership price is moot. Sorry I have to charge to teach you, and to have the tools you can use, but we make that in one day or one week. This is about people.....not money.....people and their goals, their education, and their importance to the rest of us.
-

Using Starter Accounts: 
My kid just opened an account Feb 5 so I could show the options students how to build income with starter accounts.  1994.00 was the starting amount. today before trading started it was worth 3349.00 with 1949.00 in buying power! that's 9 trading days ..she traded 6 of those days around school for a few hours in the morning
 
I have many starter accounts of $400 to 1k ---one account last year, I  started with 563.00 in Feb --and by late May is was 10k. so....I am a big believer in using limited funds to build.
 
I teach people how to use 1k to 2k to build a consistent income with options in the black room. Lots of hand-holding with the team...they learn to trade my system and so far, so good!  
 
Use a simulator that mirrors live trading so you can make order entry mistakes, and every other mistake there first.  
 
 
I don't watch CNBC, read tweets, and read all the books...it's just too much noise.  I  will review CNBC only to know what they are telling the masses that really don't know how to trade what to trade so I can trade around them. smile.....

Reply:
Apr 8 2010 3:50PM 0 negative votes 0 positive votes  |  (permalink)
jb1031
Posts: 2
Tags:
What is the cost and how often are classes the course sounds wonderful  do you pay monthly I seem to have trouble finding my way around the site but maybe that's because i'm only using free area
Apr 12 2010 6:17AM 0 negative votes 0 positive votes  |  (permalink)
deanacres
Posts: 1
Tags:
will there be a class this summer for the black card
May 3 2010 8:03PM 0 negative votes 0 positive votes  |  (permalink)
royduffy
Posts: 1
Tags:
Hey I recognize these questions and answers!  This was some of a real dialog I had with Leigh right before joining BULLS.  It was only a month ago but it seems longer.  I feel like I've come so far already and I can't wait to see how much more I will know a month from now!  Thanks Leigh for all that you do!
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