Archive for August 31st, 2013
Four years after the beta Jellie team began its journey of trading discovery and laid a course for dozens of others, and after a brief two-year Jellie development hiatus, Jellie Team #10 took to the market “current” this past week.
And while I’ve been very proud of the effort put forth by Teams #1 through #9, I’ll say with conviction that Team #10 stands near the top in term of its dedication and work ethic, ranking among the best professionals with whom I’ve ever worked.
Ten traders spanning Massachusetts to Hawaii. Nine men and one woman, with the latter confirming my longstanding belief that there are far too few females in the industry as they’re often better suited for this traditional “man’s game” given their lesser ego, ability to multitask, and arguably increased maturity level via many men in this field. Average Age 45, which was very much in line with the overall Jellie age of 48.
Call it one highly-intensive week of P’s including professional, productive, and yes … profitable as the team successfully navigated and adapted to the ever-changing market sea which often ebbed and flowed, ending with a surprise Friday afternoon gift from John Kerry which created one final wave to ride.
I fully admit that I sometimes wonder if we’re still making a dent in increasing the quality of trader education of which I’ve been so highly critical over the years. I’ve also wondered, given a two-year break that included an industry MF Global meltdown promulgated by “he who shall not be named”, and more recently taking time to formally document my trading memoirs and deal with the passing of my father, whether the live Jellie portion of the “Webinar-Live” duo could maintain the same level of intensity and produce the same level of output as in prior years. Said another way, could we recapture the same magic?
To be sure, this year I incorporated a survey to formally gather and assess participant feedback at the end. For just as the market is always right regardless of our preconceived personal beliefs, participant reactions far outweigh my personal views as to the effectiveness of the Jellie concept. So I had each participant score several program attributes on a scale of 1 to 5, with 5 reflecting excellence. To Team #10, here was your collective average response:
Oh ye of little faith.
Of course as with life, there will always room for improvement and we’ll continue to tweak as appropriate. Yet apparently based on your feedback, program honing over the years and a slight retooling in terms of program length suggest that any remaining gaps are narrowing to a sliver.
Let me be clear in that any credit directed to this trader-temporarily-turned-mentor (please note that order!) should immediately be deflected to the members of Team #10 and those that proceeded it by laying the groundwork. Yes, I lead, facilitate, and take on the role as lead trader. Yet as in war, the true credit should be laid at the feet of the troops and not the general.
In fact, this “troop” bonded to such an extent that has caused me to take the unusual step of planning to continue working together in some manner as we move from this time and place.
Napoleon Hill would call it the mastermind principle. Others might say that the whole is greater than the sum of its parts. Either way, this week went far too well to simply stop the incredible personal and team momentum established.
A two-year hiatus.
Several key personal life events including the earthly robbing of industry assets and the life of a father.
To Team 10, you have potential beyond that which you will ever know. Don’t ever let yourself or anyone else doubt what we know to be true and possible. Like the market, some will question, doubt, or try to trip you up. They’ll never understand your methods, motives, or results. They’ll also often be on the other (“retail” or “wrong”) side of your trades.
Stay the course. For you know what is true and real.
It remains true that only a small minority consistently succeeds in this business.
It’s just that today, that minority just got a bit larger.