100 TRADE JACK is a powerful tool for traders. It was created to help both the 20-year veteran in the industry, as well as the beginner, to improve their results. It offers a focused slice of knowledge that confers a very strong edge. Yet it is knowledge that few traders have truly learned how to use accurately.
And while the last sentence, above, hints that this knowledge is somewhat esoteric, as well as difficult to master, the real beauty of 100 TRADE JACK is the simplicity and clarity of the program. It teaches and ‘does’ at the same time– every day presenting actionable real-time trades, along with daily videos to explain the thinking behind every move.
But first, a little background.
My review of 100 TRADE JACK happens to be a uniquely personal one, with a bit of a story behind it (..perhaps entitled, ‘Confessions of a Reluctant Trader’). So, bear with me here for just a moment or two.
In the early 90’s, I worked with someone who, in addition to the business we were involved in together, was a trader. Although I had little knowledge or interest in trading at that point—considering it a foreign universe—it had, nonetheless, landed in my line of sight.
Out of curiosity, I started sitting with this colleague of mine, and looking at his computer screen with the funny-looking graphs—the mysterious lines and bars. I observed this daily ritual, and by osmosis, ended up learning a thing or two as I looked, listened, and learned— about the world of charts, and candlesticks, and technical trading.
These charts that he seemed so in love with would appear on the screen day after day. I looked on, half-interested, and only partially understanding. But what I did witness, with my own eyes, (and was able to fully comprehend) were the significant sums of money that transferred over to his account.
This was obviously fun for him, but where was my slice of pie?? I finally I figured I’d better start paying more attention. It didn’t look that hard. It was more like a game. Well ok, then. So I began, myself (even me, the most reluctant manager of my own financial future), to utilize this very approach. Suffice it to say: I’m glad that I did.
Over the years, this initial, and at first casual, curiosity (replete with much joking around) developed into a true respect for this astute approach, and for this particular individual’s skill in implementing it. The proof, as they say, is in the pudding. I saw, and experienced for myself, first-hand, what can be accomplished.
So, all these years later, it is this same person—a longtime friend by this point—who I want to bring to your attention. And to answer for you the following question:
What is so unique about 100 TRADE JACK, and the approach offered here?
Well… Jack Kanefield, of 100 TRADE JACK (…yes, there really is a Jack), has a special relationship to trading. There is something that he knows really, really well, which is this: He understands how to interact profitably with the stock market by utilizing the science and art of technical trading.
And he is able to guide others in this way. His concise and user-friendly system is a one-of-a-kind. Personal, yet to-the-point, it’s a lot like sitting with Jack, just as I did, looking over his shoulder—and then having him explain what he did and why. A very important fundamental difference, I believe, is that Jack possesses a unique talent for viewing the market in the simplest possible way. His approach zeros in on this same understanding for his ‘students’.
Jack has been ‘timing’ the market for 20 years. This has been his focus and his passion. He has studied it in detail (a little obsessively, perhaps?), and understands its subtleties as perhaps few others do. Even very experienced traders can struggle with timing, and with technical analysis—and often miss important opportunities.
In the last year, for instance,I have watched Jack exit the market on several occasions at precisely the most perfect time. Very impressive. How did he do it? Well, I can then watch a 15 minute video which explains exactly why and how he went to cash. His ability to predict downturns is sometimes rather uncanny. A little scary, even (but good scary).
As a subscriber to 100 TRADE JACK, you sit down at your computer at 3:45 EST, at the fifteen minute window just before the market closes. You log into his website and view the trading screen. You then watch, in real time, the trades made by Jack (if any) for that day. If you choose to, you can follow Jack’s trades, in real time, too. (He posts his purchase price, so you can be sure to get in at the same price he does.)
After the close of the market, you can choose to watch Jack’s video ‘debriefing’ of the day’s activities, in which he explains the reasons why he made, or did not make, the trades for that day. These are usually about 15 minutes long, but always begin with a 5-minute summary. So, if you’re short on time, you can grab the key points without having to watch the entire video. You can use 100 TRADE JACK as a means to grow your account, and/or as a tool to learn.
Jack will help you time the market. (I have learned that when Jack goes to cash, it’s best to pay attention, and take that seriously. If you’re long, and Jack is in cash… you could be trouble.)
Over time, as a subscriber to 100 TRADE JACK, you will begin to see change in your portfolio, in a big way. Naturally, this is the bottom line—the whole point.
Not to make claims, of course, but just to state a fact: Jack’s goals for his subscribers are aggressive. The point of all this is to make money. Quite a lot of money. 100 TRADE JACK is a system that accomplishes just that.
The very unique feature here, is that Jack has his own money on the line every day in the trades he makes–the same trades he allows his subscribers to watch, and to copy, if they wish. This is not mere classroom knowledge, but action, in real-time.
But also a caveat, to be clear: This program is not for people who are looking to make huge sums of money in a matter of months. In fact, on Jack’s home page, he has a video entitled ‘Will we make money fast?’ I recommend that you watch it. It takes a look at the mathematics of overly aggressive trading, and explains how you can go broke trying to grow an account too fast, even if you do have an edge.
I believe this program to be an ingenious and indispensable tool which can put you on track in your trading, and assist you greatly in building wealth.
A final word or two before inviting you to click over to 100 TRADE JACK to check things out for yourself. As my little story above indicates, I have known Jack Kanefield for a long time. My perspective about him and his program is therefore unique. Because I know him personally, I know certain things about him to be true. I may be repeating myself a bit, but these are important points:
1- Jack is passionate about trading. He loves it. He has studied it, learned it, lived it, done it– and he is very good at it.
What does ‘very good at it’ mean?
Well… Jack is serious about what he calls ‘extreme growth’. He has achieved it for himself, and his stated goal for his subscribers is to help them take a $20,000 account to $20 million in a 10-year period. That’s ‘very good’.
2- He cares. This kind of repeats what I just said, but—he does. He is absolutely committed to the success of those who join his program. He is out to protect and grow the financial portfolios of his subscribers in a big way. He is a man of integrity, and has put together a unique tool to help his clients create financial success. He’s very proud of his program.
3- He’s funny. Well…maybe this isn’t the place to comment on my friend Jack’s sense of humor (which happens to be: subtle, understated, ironic). I mean traders should be very serious, right? Well, he is very serious about the trading part—I think we’ve established that—but there’s also a well-rounded human being behind (underneath?) the trader, which I’d have to say, I rather appreciate, as well.
And now, on to 100 TRADE JACK. Please watch Jack’s introductory video, (in which he does not crack any jokes, if I am remembering correctly).
To visit Jack’s website, please click here: www.100tradejack.com
Now I want to speak for a few minutes about Japanese Candlesticks—or, candles, as we’ll refer to them here. This is actually pretty fascinating stuff.
To those of you who use normal charts—like those found in the newspaper every day—you are familiar with the typical graph of price action that shows the price at the close of the day. That is the one piece of information you are looking for.
Other charts may give you some additional information—typically three pieces: the intra-day high, the intra-day low, and the close.
Candles, on the other hand, give you five pieces of information. Each bar tells the following things: the open, the intra-day high, the intra-day low, the close, and the direction (indicated by the color of the bar).
So, in just one glance, you are able to get a more information. And with that more complete picture, you are able to see things you would not be able to, otherwise. The basic charts simply don’t supply enough information.
But what is it that you are able to know from these five pieces of information? And how does this help you in your trading?
Most importantly, it means that you have a tremendously enhanced foresight of when the market is going to turn up, or turn down. You are able to exit the market with precise timing. You can see opportunity. You can also sense trouble, and get out of the way when others might miss the signs.
The candlestick graph creates a visual pattern. The Japanese have ascribed names to the various patterns created by these price movements of a stock. These names are descriptive—and sometimes quite poetic. There are names such as: Rising Window, Falling Star, Hanging Man, Piercing Line, Bullish Harami, Dark Cloud Cover, and Three Crows. These names are not only entertaining, but elucidating.
The really fascinating thing to me about all this is that I am able to think of these patterns in the world of stock trading (arguably one of the most material and seemingly non-nature-based of things) as something which follows universal law, and the patterns of nature.
Everything in the universe—from the smallest to the largest, microcosm to macrocosm—creates patterns. There is mathematical sequence in all things. This then, is no different. There is something to be observed, and much to be learned, from studying these patterns.
Ok, back down to practical application, here.
The names given to these patterns are helpful for categorizing and understanding price action of stocks (and everything else). Yet it’s important to know that patterns don’t confer absolute predictive value.
Simply recognizing a pattern does not guarantee that you will know what action to take. Other factors enter into the assessment. A Rising Star, for instance, may work in certain markets, but not in others. The very important element of human discernment must be present as well. This is where a certain amount of study, and a deeper understanding of how to utilize these patterns, comes into importance.
The first objective, of course, is to recognize the pattern. Beyond that, what is needed is the discrimination to know if it’s the right kind of market for this pattern, and to be able to respond in the most favorable way.
This, by the way, is exactly what a subscriber to 100 TRADE JACK—my review above—is going to learn. What should be clear by now is that knowing how to use candles in your trading is going to give you a huge advantage. And what is gained in becoming a member of 100 TRADE JACK is this very ability to learn to utilize candles in the most practical and efficient way possible.
Jack Kanefield of 100 TRADE JACK believes so strongly in this approach that he has said that if candles were taken from him, he would be ‘crippled’—and couldn’t even imagine trading without them! Yet, he strives—for himself and his subscribers—to keep it as simple as possible.
But, of course, there is a lot to know. And different ways to use this knowledge.
Another man who really knows his stuff when it comes to candles is Steve Nison.
If you are inclined to delve more deeply into trading with candles, to get all the background and information possible—which is certainly not a bad idea at all, and can end up being extremely beneficial— then you certainly might want to make use of the resources and tools put together by Steve Nison.
Steve is a man, like Jack, who has a passion and a wealth of knowledge concerning Japanese candlestick trading. Whereas Jack’s is more of a pragmatic, cut-to-the-chase, kind of approach, Steve will take you into a detailed understanding of what’s going on.
He offers a variety of resources to give you interesting and valuable in-depth knowledge. Click here to see the range of training materials he offers: www.candlecharts.com
You’ll see quite a few courses on CD, which I highly recommend. I have watched most of them and have benefited tremendously from this information.
He also has developed an extremely nifty tool called the Nison Candle Scanner, a software program which automatically finds Steve’s favorite candle patterns for you in your charts. This is a real winner for many people. He explains it best himself, so I’ll just invite you to visit www.candlecharts.com and read about it yourself.
Steve Nison is a truly excellent resource. He was the first to bring Japanese candlestick trading to the West, and has written several great books on candles. If you want to dive deeper into the world of candles, I strongly recommend his books and CD’s.