Lesson 35: The Engineer
There was a hypothetical engineer who had an exceptional gift for fixing all things
mechanical. After serving his company loyally for more than 30 years, he happily
retired. Several years later, the company contacted him regarding a seemingly
impossible problem they were having with one of their multimillion-dollar machines.
They had tried everything and everyone else to get the machine to work but to no
avail. In desperation, they called on the retired engineer who had solved
so many of their problems in the past. The engineer reluctantly took the challenge.
He spent a day studying the huge machine. At the end of the day, he marked
a small "x" in chalk on a particular component of the machine and stated,
"This is where the problem is." The part was replaced and the machine
worked perfectly again. The company received a bill for $50,000 from the engineer
for his services. They asked for an itemized accounting of his charges.
The hypothetical engineer responded, "One chalk mark: $1.00 - Knowing
where to put it: $49,999.00".
Knowing where to place the chalk mark in an engineering problem is a little like
knowing where to place your stop/loss and profit/exit orders in choppy commodity
and option markets. I have written a 165-page manual on the method that I believe
is the very best for trading such markets. There is a lot of material in this manual
and thirty years of trading history behind it. I personally consider this
"choppy market manual" to be the second most valuable trading publication
that I have ever written. I would recommend it to anyone who seriously wants
to learn a method for deciding where to place stop/loss and profit/exit orders,
in essence where to place the chalk mark, when trading futures or options contracts.
This manual is a lot cheaper than the engineer's advice and I am offering it now
at a reduced price. I am doing this so that my subscribers might better be
able to understand the principles behind placing stop/loss and profit/exit orders
in markets that do not trend. To order this 165-page manual at this savings,
Proceed by clicking here