I’m Jordan. I am a New Yorker enjoying life in California. I am not a new market wizard or a millionaire, yet, but I do make a living in forex trading. I share what I’ve learned throughout the years on this site in order to build a community of like minded people who trade forex together in a positive and supportive environment. In the process I continue to learn a whole lot from the markets and all of my readers.
Ultimately my goal is to help as many people as possible around the world live better lives.
What was your background and as it helped you as a trader?
My field was lease financing. I the middle man between banks and business who were looking to borrow money for capital producing equipment. I was twenty five when I first went into business for myself with a partner. It was during this time my passion for the markets began to develop and explode. I would spend 40-50 hours a week working and then another 20-30 hours a week learning about the markets and absorbing everything I could from other successful traders.
How many years have you been trading in total?
I have been since 2001. I learned how to trade during the recession and bear market. The perfect opportunity to know and understand risk and what it takes to do battle in the markets daily. I began trading US equities, moved onto trading for a private firm in Manhattan, and then to training other traders at a prop firm on Wall St. During this time I became very involved in the futures market and in 2003 I began trading Forex.
When did you begin to use your current trading strategies?
I established JCL’s Forex in late 2005. It has been the continually process of trading with thousands of traders over the years through this group that has helped me to develop my current trading strategies. Above all understand how incredibly difficult the markets are, from that overly confident twenty five year old kid who was fearless I have grown to respect the markets greatly. You have to be humble or the markets will humble you quickly. The core of my strategies has been an accumulation of all I have learned and continue to learn throughout my trading career. We all have so much to learn about the markets and that is what keeps me passionate about trading.
One things is for certain, no other traders approaches the market anything like I do. You cannot look at another trader and say that I have been influenced by them. You can see my influence in many traders today and I am thankful for that. I never would have expected that to have occurred years ago. My strategies are technically based. I trade by price order flow which makes me a market technician. A technician believes and the market knows everything and prices everything in. I find out why markets behavior in a certain way and how to profit from it.
Did you develop and automated program for trading?
I used to be more against automated trading than anyone else I have ever known. I know many extremely intelligent people who were software engineers with mathematical backgrounds including a friend who put an antenna on a satellite for NASA into space and works with their artificial intelligence capabilities. Amazing computer programmers. They heard about the markets one way or another and believed they could figure it out. Every single one of them fell into the same trap of curve fitting and would backtest this amazing performing systems but when they forwarded tested they would crash and burn. I am a trader not a computer programmer. A trader breaths with the markets. I understand price fluctuations. The only way I have been able to create the systems I have is through forward testing my strategies and making small adjustments to them every three to six months. This is the only way to understand how your strategy and the market behave together so that you know what adjustment you need to make maybe even several weeks before you make them.
Today is a new day though. Having created these strategies that are no longer being adjusted I have had them completely automated. Instead of having to place orders for a set of black and white rules it is all done for me by the computer. This allows me to not miss anything when I am traveling, get to bed early one night if I am feeling tired, and to focus during the day on the market and creating new strategies. I am the last person you would expect to be auto trading but I love it.
What markets do you trade and why?
As I have previously mentioned I have traded in the past US equities, futures and e-mini’s, options, as well as Forex. The forex market being the largest most liquid market is where I trade since 2003. A market is a market. If you can trade one then you can trade them all. The Forex market in my opinion is by far the best market to be trading.
How do you manage the risk in your trades?
I am known best in Forex circles out of everything most of all for my money management. Trading is all about managing risk. I take the use of money management well beyond other traders capabilities and turn it into a huge edge in the markets. This is an example of how the possibilities in the markets are endless and how I have been able to use trading as a creative outlet.
Have their been developments that have helped you for more successful trading?
You know it was reading the New Market Wizard books and Reminisce of a Stock Operator the life of Jesse Livermore that helped me know okay this possible and I can do this. That physiological barrier being crossed to understanding that I could be a success was a big deal. You need to believe in yourself and you need to be probably prepared to compete. Otherwise, the markets will take you for everything you have. The other tool that has been most instrumental in my trading has been leading this group of traders. Interacting with people, teaching them, learning from them, all of it together has been extremely helpful in helping me realize my dreams. I still have a lot to learn.