As many already know, I'm a huge believer in price action trading--so much that I use it in my personal trading, I put together a 7 hour video course outlining exactly how I trade, and I even coach traders one-on-one on how to use price action techniques.

Just the other day I was speaking on the phone with someone interested in taking the course and also receiving one-on-one coaching and they asked me "If these strategies are so successful and work so well in virtually any market, why am I willing to share them? Won't sharing them make them ineffective?". This is a question I used to hear all the time but haven't heard in a while and it really got me thinking about my trading strategy and how/why it works so well.

In the course I provide dozens of specific examples of my strategies in action and show exactly how to use them, so someone certainly could try to mimic my exact style of trading. But there's billions of dollars moved through the markets every single day, and trust me--no matter how big or popular the course gets, it would take tens of thousands of traders trading the same exact financial instruments at the same exact time with substantial position size to have any effect on the overall market. I think there is a greater chance of getting struck by lightning than this happening.

But more important is the backbone of my trading strategies--the reason they work in the first place. As with all technical analysis, the reason price action trading actually works is because so many traders already are using it and are drawing similar support/resistance lines and looking for similarities in the market that these key areas actually become valid. So the more people that actually do take the course and use these strategies, the more valid the strategy actually becomes. I know this sounds a bit absurd, but let's look at a simple example:

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Here's the monthly chart of the S&P 500. We drew a very basic resistance line at the previous high, and as we can see price came back into contact with this blue line and immediately reversed. Is this a coincidence? Certainly not. Enough traders were focused on that resistance line that they placed their trades (short positions) at this level to cause price to drop. Now while this is an extreme example, this happens hundreds of times every single day in the market. And think about this--if we have more traders placing a short position at that blue line, then there is a greater chance we will all be right and price will fall because we introduced so much supply at that level.

So while it often is a great question to ask of "Why in the world would a trader ever consider sharing their strategies", I hope this simple demonstration shows why I personally am willing to share my strategies. It really has no bearing and makes no difference on how effective they will be, and I personally believe that the more people using these strategies, the more effective they become. There's already tens of thousands of traders throughout the world using price action strategies in literally every single market--this is the best testimonial in the world that price action actually does work--so are you ready to make the switch to a common sense, simplistic approach to trading?