LJJones's Blog


April 28 2011

Traderating + New Vid Series

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I'm back to waking up at the butt-crack of dawn to practice trading again. This week started off pretty good, but the last two days have been a little brutal. One step forward, two back, I suppose. In any case the gaping holes in my trading skillset have been highlighted, which is certainly a positive thing. Mostly I'm getting slammed on entries.

One major revelation I made this week had to do with the price bar at the right edge of your screen, the one that is forming. After much debate and frustration, I leanred how to handle the little guy... treat it as if it doesn't exist.

The only thing constant about that bar is its opening price, everything else can, and probably will, change by the end of the time ( if you're using minute charts ) or ticks (if you're using tick charts). Drawing conclusions about an unformed price bar can really hurt you. But that's why it's often good to use a lower timeframe chart for entries, because you don't have to draw conclusions on a forming price bar, you can look at the shorter/low timeframe and see how those bars are forming, and detect the weakness required to make an entry.


As for the new video series, I am pooling all of my poker knowledge and coaching experience to bring you what I hope will be an exceptional and defining series for all No Limit Hold'em players. The examples will probably lean heavily towards HU examples, but the concepts are universal for all things NLHE, and the framework can be applied to any game and even life. Doing my best to keep it entertaining as well! DONT JUDGE ME!

Can't wait to get some feedback... For those curious, it's an extension of "Know Your Edge"... it's basically a collection of videos to answer the question "LJ, what do you think a player needs to know to crush?"

Best of luck!

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