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Originally Posted by initialsBB
From what i hear he seems to be a good trader, but that psychological mumbo-jumbo that he often writes (like "be yourself) and the fact that he recommends mediocre books (there are so many gurus that every month recommend some "must have" that will make all the difference in the world) make me a bit wary and suspicious. Is there anyone of his former pupils on this forum that is consistently profitable at least 2 years after taking his course? Has anyone coded his systems in TradeStation and tested them with at least 2 years of data? If yes, do they return smoothly rising equity curve, what is the percentage of return and drawdown/profit ratio?
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I think you are not yet ready to be a forex trader. What else do you need after all the responses you got about this man (Rob Booker). I think you are one of the traders that is not ready to give forex what it takes and ready to learn hard in other to become a successful trader.
To be honest with you, it is not strategy, indicators, mentor, whatever have u that can make you a successful trader. It is only you that can make it happen. What do you think of a trader that was given a profitable strategy that has been tested by 5 diff. traders with good report about it; but this one trader complains bitterly about it owing to his bad attitude - wanting to make a million dollar in a month, trying to take a revenge on the market,etc.
Likewise, a trader that has one of the best mentors but still not successful. Why? He probably thinks he is wiser than his mentor, does not listen to his mentors advice, expecting his mentor to always appear on his chartting software to tell him exactly when to buy/sell, enter/exit or stand aside. He does not want to learn anything on his own, he does not make his own research asside his mentors.
All i'm saying is having a mentor or good strategy is not going to make u a better trader. whatever tool u'v got, try to obey its rules and regulations and it will work for you the way it has worked for others.
By the way, i am still a current student of Rob Booker. He is really a great trader/mentor - a disciplined, honest, selfless, hard working, ...., ... ,.... trader. I just don't have correct words to qualify him. I am still amazed at how he manages to answer hundreds if not thosuands of mails he receives on a weekly basis ( no exageration).
But am i successful yet? NO!
Why? I DID NOT LISTEN TO HIM - and this is the main reason i said ealier - it is only u that can determine your level of success in forex world.
After i have allowed myself to be eaten by the market lions, I have made a promise to myself to follow and obey him (Rob Booker) faithfully.