Feedback from The Basics and Beyond – Dallas
“The Basics and Beyond” has received rave reviews by attendees. Read what others have written about the Dalls Workshop and consider attending one of the upcoming Workshops in Newark, NJ and Los Angeles, CA:Dan explains things in such a clear concise manner – attend a seminar and see how fast things “click” into place. You’re sure to walk away with a better understanding of your own trading style and may even meet some new lifelong friends 🙂 [Suzie]
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Hi Suzie — I have to agree that the session was extremely worthwhile. A former boss once told me that if you could take a class and walk away having learned one or two new things that you could incorporate into your work, then the class was beneficial. Well, by that criteria, Dan knocked the cover off the ball — the class was a great investment in my trading education.
I gained a whole new insight when we walked through the different charts, and Dan discussed the Balance of Power. Thinking about who the different buyers (and sellers) were at different times in the stock’s price history, along with their motivations, is something that I really never considered before. Another piece of the puzzle I found was seeing how to use Bollinger Bands to better trade options around the volatility of a stock. And tidbits like considering trading in the final hour and its relationship to Volume Weighted Average Pricing — icing on the cake!
The interaction between the other attendees was also great. Smita’s insights about her trading style were wonderful! Her thoughts about managing risk were very insightful, and I plan to incorporate them into my trading. Thanks Smita!!! And the discussions about trading around a core position. I never really considered how doing this successfully could lower your cost basis to the point that it could actually be lower than the lowest price of the stock during your entire holding period! But seeing it in action goes to show a picture is worth 1000 words. Finally, I sat next to a gentleman who gave me some wonderful pointers on how I could use options, which I plan to follow-up on.
Dan — thanks again for organizing and giving the class. I know it takes a lot of time and energy to do, and I really appreciate being able to attend it. [Ray]
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Dan, Your seminar was most informative and fun. I feel I’ve learned more in your seminar than any previously attended. The smaller group made it easier for friendly discussion and exchanges of ideas as I found the group to be as friendly in person as they are on the discussion board. Smita was just outstanding. Her willingness and graciousness to share her hard work and knowledge with us is VERY appreciated. Thanks Smita
Thanks to “hairball” {Dick} for his pointers on trading options.
My traveling companion was delightfully suprised and pleased to be with such a friendly but professional and informative group.
I highly recommend your seminar to anyone interested in trading. [Smudge]
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I want to thank you Dan, for organizing such an event. It is just like ‘Traders Anonymous’ (TA?) :-), only we are not trying to quit, but simply to better ourselves. I am personally very heartened to see the personal growth of all traders. Rules and adherence to these rules is what makes one stay in it for the long haul.
Thanks guys for such kind words. Just like you all, I am just trying to improve. I am rather vocal and passionate about my views at times, coz, I’ve been in it for a while now and experienced every emotion that it can bring. I have seen people who made a fortune and most who simply lost it all, depending on how they managed it. What we were discussing at times, are not my rules. These are rules I have read about or rules that I learned in that School of hard knocks :-); It isn’t my way that’s relevant, it’s juat any way that’s disciplined that begets trading success. So, while I am deeply honored by your words, please consider me as one of you: a perpetual student of trading… [Smita]
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Dan,
Great job with the seminar! I left with several clearer understandings that made the day worthwhile: the importance of relative lows within the Bollinger Bands versus absolute lows, the “anatomy” of a volatility squeeze and how to watch the Bollinger Band movements to see where you are in the cycle, and the whole Balance of Power discussion on understanding the emotions and actions of buyers and sellers at different points in the cycle. You did a beautiful job of conveying the reality of the real people who are behind the candlesticks on the chart.
The interaction with you and the other participants was a real plus. Smita, thanks especially for your contributions, both during the formal session as well as in our offline discussions throughout the day. It was a pleasure to meet you and Suzie and many of the others…now I can put faces to some of the screen names.
It was also very encouraging to have confirmation from others of a number of my trading ideas. Trading can be a very solitary activity….it’s great to get and give feedback that helps keep me on the right track. [Blanco]
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I figure the market gods are a cranky bunch that are happy to take money from those that don’t know what they are doing and reluctantly give it to those that do. The only way to keep their respect is to keep learning. Participants in the Dallas workshop will have gained temporary favor because we learned a lot.
My take from the workshop was that my own trading approach on the right track but rather simplistic. Dan’s insights on what kind of players was in or out of a stock were especially useful. There was also a continual flow of smaller items that I would have never figured out for myself. For example, the implied level of existing profit among holders in a stock as revealed by the 200 day line.
My thanks to Dan, and the other participants in the workshop, for moving my education forward. One smarter trade will cover the cost. After that the benefits are pure profit. [Ian]
Want to go beyond the basics? Check out this schedule of upcoming Workshops.