Eating the Loser, audio series by Trader X

Summary

     Eating the Loser is a 12 part audio educational series designed for the serious student of the financial markets and trading. The author, “Trader X”, is a full-time Chicago speculator. He has traded the futures & options markets for over 14 years and became a net profitable trader after his “awakening”, which he describes in detail in his autobiography “Dancing with Lions”.
     Trader X has detailed his personal understanding of the markets in a very unique way. He is of the opinion that trading for consistent profits in any traded market be it futures, options, stocks, or others; is in reality an Art form. His point of view becomes very candid during the series as he attempts to communicate that all consistently profitable traders have come to understand that the market they trade is really a reflection of their own thoughts, attitudes, and beliefs. To the degree that the trader has come to understand himself and why he trades is the level of success he will eventually reach and remain at. Trader X feels that this process is a never-ending journey that is taken everyday by the trader and the trader’s gains or losses are a factor of how well the trader is evolving as a person first. Trader X believes that a net-profitable trading approach, which he hopes to help you uncover for yourself, has very little to do with the market you choose to trade in.
     Trader X has attempted to teach many students the basics of the marketplace as he sees it. Although he no longer works personally with students anymore, he has released his trade material exactly as he uses it himself and as he communicated it to his students. Outlined below is a brief description of each part of the audio series.

Outline of CD Series

Introduction and Interview

Trader X is introduced and his initial conversation with the publisher regarding his trade material is discussed.

Setting the Stage

What you will learn, what the program is not, and outline of the material. Trader X briefly introduces the point of view that he will cover in extended detail during each part of the series.

Basics of the Marketplace—Understanding the mirror

The arena of conflict and the psychology of price movement. Trader X introduces the fundamental difference between trading any market for profits and the rest of the economic environment.

Basics of Creating Art—Identifying your starting point

Trader X examines the unique point of view that he believes creates your urge to action, resulting in a trade, and how his is ultimately to your disadvantage unless changed. He calls these two parts “Clarity of observation and the de sire for profit”, and “Cultural myth and self-sabotage”.

Basics of Trader Evolution

Trader X explains how your gains or losses and your ability to accumulate profits are really a function of your personal self-awareness and what you think about. This thought process must evolve or your results will ultimately be net losses.

Requirements of a Net Winning Art Form

Trader X helps you uncover your personal trade approach as a work in progress. He discusses record keeping, how to identify a true opportunity to profit, and how your trading becomes a lifestyle through what he calls “The Circle of the Trade”.

Becoming a Trader

Proper trade execution, money management, and physical health are all presented as tools to remain in a proper state of evolution as a trader. Trader X describes how these three parts of your trade approach must be seen as components of your changing and developing thought process.

The Use of Technical Analysis and the Theory of Time Compression

Trader X’s unique and challenging view on the tools that traders use to assist them in finding opportunity. His introduction to the complex concept of “Time Compression” will challenge your understanding of what the market’s true function really is.
The audio series concludes with an accidental recording of Trader X and the studio engineer’s candid and revealing discussion during a break in the recording sessions. Trader X felt that the discussion between him and the two non-traders present also contributed to the purpose of the series and requested that it be included in the final edit. The publisher titled this discussion Getting Personal with Trader X.

The series is available on three CD-ROMs. The series is attractively bound in a professional portfolio and includes a series syllabus and notebook, illustrations, a FREE copy of “Dancing with Lions”, and a booklet of thoughts by Trader X as an additional supplement.