drmarty is the one in the hat

the NEW PACIFIC COMMODITY LETTER...a teaching newsletter
August Lean Hogs cycled lower from 6/20 after a key reversal. Prices now, in the middle of July, have risen to almost complete the cycle (to return to the former price level). What looked bearish has now risen proving the old adage that price without "time" is only half of the story.

The New Pacific Commodity Letter analyzes a dozen commodity futures and spread charts each weekend, just like Lean Hogs above...and presents them simply and focused on the new trader. If you want to learn how to trade futures markets quickly and successfully subscribe now; it comes weekly via e-mail. Drmarty will send you an accompanying manual as a tutorial. It is chock full of charts and is a complete introduction to trading.

Advertisements promise the "sizzle", leisure and success without much work. They do not discuss fitness to trade, preparation (study), money management or risk. However, there are a few of us vendors who cringe at these late-night infomercials (they should be called misinformercials). Hidden away in this avalanche of jazzed-up web sites, there are a few mentors who have really good courses for beginners. I think my newsletter and manuals combine to make a professionally good course. (Why professional? Because I was a university professor for 25 years and a professional trader for 50---yes, they overlapped.) The newsletter and manuals "speak right to you".
Just to prove how prestigious drmarty's newsletter is, just go to http://www.consensus-inc.com to find his comments along side the chairman of the Federal Reserve Board or the economic analyst for the Bank of Tokyo. Consensus compiles excerpts from the best newsletters in the commodity, futures and economic markets and The New Pacific Commodity Letter is among them.

drmarty writes: "I've been in this business since 1954 in many different roles, back-office clerk, order room clerk, trader for a large "spec", seminar speaker, newsletter editor, teacher and writer. I know this business from many vantage points and I know how to teach---professionally. That sets me apart from the many fragments of free courses found on the Internet....Man, are there a lot of them!!! You don't have to be among the vast majority of new traders who lose money.

Markets go down as well as up. Losses as well as profits are part of trading. drmarty uses the NPCL AS A TEACHING INSTRUMENT. For example, you might learn about RISK MANAGEMENT, dealing with losses and the "slippage" between hypothetical or paper trading and real-time trading, in the newsletter.

Trading is speculation and there is ALWAYS RISK OF LOSS and never any guarantees that profits are the only result possible.

Do you really have to lose money when starting?
drmarty cuts through the complexities and clarifies the decision-making process, especially for the beginner, but also for the more experienced trader; he makes trading EASIER AND MORE SIMPLIFIED. You don't have to lose thousand of dollars from your first real-time account; you can learn at your own pace, then papertrade and not put up account funds until your confidence is there. Dr. Miller writes: "You choose the time to begin real-time trading...after your confidence grows with studying the gems and paper trading. Many successful students have trod this path before you....and most have done well."

The manual discusses trends and how to spot them; what signals are best; what are cycle turns, and how to deal with a breakout potential.
Taking losses is part of trading and can be understood in context. Drmarty writes about the psychology of trading, fear and greed. He tells you that hypothetical trading can exaggerate profits and slippage, the inability to duplicate trading shown in a manual or newsletter, is the difference between what is shown to you and what actually occurs in real-dtime. Despite this, paper-trading (hypothetical) can test a strategy and help gain confidence using trend-following strategies.

Every once in a while drmarty will post trades for a small, hypothetical account, just to show you how it can be done. It is done for educational purposes and not as an advisory service. Drmarty is not a C.T.A....an analyst and writer not an advisor.since 1980...24 years.

Marty's students...and readers
Some of them have been very successful. Bonnie, a nurse from Vermont, took a drmarty seminar in Lenox, Mass. a few years ago and promptly moved a $5K account up to $30K in a few months....when she wasn't working or shooting hoops with David from Boston (who, incidentally, decided to study for a year before trading.)

Priscilla from New York started with a $5K account. After studying the 3 gems tapes she worked it up to $40K and now trades with the help of Gunter a broker from LA familiar to the tfc forum. She writes: "The 3 gems course and PCL have done wonders for my trading. After a year of consistent losses, I ordered the course, studied for a few months and now have turned up my account to consistent profits. The clear, simple approach of the 3 gems is ideal for new traders and the emphasis on discipline and patience is a must for small accounts....the results have been wonderful." Pdok as she is known, has been up and down in the markets since that time---not straight up; at the present her successes are returning and she is building up her account again, more slowly this time.

Some of you may remember rokkman from Las Vegas: He writes: ...drmarty has given away all of the "gems" here on this forum for free if you followed it on a regular basis. In the 5 years I have visiting this forum I have never had him not respond to an email or a question and a lot of these came before I bought his program...I have met the man on a couple of occasions. He is very genuine. I picked his brain for 4 hours over brunch and a little walking around." drmarty responds: "This is true. I enjoyed meeting rokkman and his family in Las Vegas. His little boy is grown now and rokkman has probably gone on to a new career. But he will always be "my student".

Atch33 writes: "I just want to say thank you, thank you. You have helped with my trading so much. I took the three gems in 1998..and it has helped to turn my trading around. I have not been able to trade part of that due to work but have had some time this year so far. My $4K account is now a $10K account....I no longer fight the market but find the market to be my friend. I also find the trend to be my friend. I use pattern entry and I have done well with it. Yes, I am one of the lurkers on the TFC FORUM and never miss one of your post(s)...thanks again." Joe. drmarty responds: "I didn't approve of Joe trading with such a small start...but students don't always do exactly what I recommend. I'm glad it turned out well for him."

"I want to say "thank you drmarty"..."for teaching me the basics of trading and I wish that I would have started out with you instead of Ken Roberts. It's because of you and your 3 gems manual/tapes that I've been having a better than average success rate." James K.

Towards the end of long post, Eddie writes: "drmarty, however is an excellent mentor for newer traders. He'll steer you the right way, not make any promises, and stay realistic. I know this because several of his students have gone on to train with me, and I've heard nothing but good stuff from them."

drmarty writes: "We all know that testimonials are always positive success stories; that is natural. It is part of selling. I try to be as ethical as possible in this business and tell you the downside as well as the upside of trading. Learning how to trade successfully requires study....as does entry into any new career.

There are many good programs out there; some very expensive; but I can only talk about the success stories of my "gems" students. I can't promise that you will succeed as well as Priscilla or Bonnie or Joe...but if study your time, then apply what you have learned, with discipline, you will have the best of the low risk strategies working for you---you can go forth with excellent chances of success."