Don't be too hard on Jerry. He'd been around a long, long time before he started hosting trading forums - and longevity is a key measure of success in this business. If you think Jerry is confusing, check out Barb (akaJenna) at MarketGems. Her incessant techno-fundamental babble and mid-course changes will drive you to drink, or worse.
The fundamental truth in this business of active trading is that 70% of all trades are losers. The winning 30% include a few that run for multi-point gains and more than offset the losers. That's why the cardinal rule is to "cut your losses". The active trader advisory services, trading rooms, discussion boards or whatever they call themselves reflect that. The majority of their "calls" will be losers at some point. Of course they brag about their multi-point gainers and kind of ignore the losers. It's human nature. Barry Bonds is famous for hitting home runs, not the 60% of the time he takes his swings and sits down. You need to understand and accept that.
Trading is a lonely profession. Most successful traders use these services as a source of comradery, ideas or stress relieving fun. Once in a while they hit a home run as far as a trading goes, but that's not their main purpose.
If you're looking for an advisory service that will make calls that you can follow blindly to turn $25,000 into $1,000,000 in a year... well, get real. It's not going to happen.
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