ThanksIt's that hitter mentality with driver that has me inconsistent. When I time it right, all is well and hit a baby cut/power fade. When it's off I start pulling it hard or after shellshock from a pull I block it off the planet.
Interesting post, thanks! While I think that the Whippy driver has helped and the wedge has most definitely helped I have never been able to hit any semblance of a decent shot with the 7i. At one point I worked and worked and worked on it and even discussed with the inventor, John Melvin, but nada. Your post might inspire me to go out and frustrate myself, uh, I mean try again. I'm impressed that you did it in about 300 balls.
The only real negative that I have re the Whippy, and as far as the OP is concerned this may apply to the lag shot, is I don't think it is possible to hit a decent shot with it using a fast swing -- and there is another current thread here about how ams in general swing too slowly and would be better if they sped up.
For me the key was that I could hit it left hand only from the beginning. Left hand only swings eliminate the ability for the right hand to interfere. Bobby Jones used to talk about the right hand causing problems.
The lagshot (and GForce) looks like a spiritual successor to the Whippy Tempomaster, which IMO is one of the best training aids ever. I always go back to the whippy at the start of the season or when I'm in a funk and it never fails to set me back on the right path. Then I get arrogant and stop using it until I inevitably come crawling back. It looks like Whippy is no more, so when the day comes that I need a replacement I'll almost certainly be buying one of these.
And yes, you can 'cheat' all of the above with an all arms swing but you will not get anywhere near the yardage you'd see from a normal club, which is the giveaway. When you swing these correctly you will see yardage comparable to your normal clubs.
Yes, my experience is there is a night and day difference between the shots hit using it correctly versus the rest. I can easily tell by the contact, flight window and distance, plus the feedback on solid contact is far different.
There's a lot of talk about recent swing trainers, here's a cool clip of a 1980's Medicus Swing Trainer being used to demonstrate how it only works when you transition correctly and the same method can be applied with the GForce Swing Trainer...
I have the Lagshot wedge and like it a lot. Occasionally, I'll get off with my tempo with my wedge shots (usually too quick/handsy) and the Lagshot is good for helping me get back into a smooth motion.
Intro: I love being a short in a falling market. It's just cool. The market's falling, it's dumping, it pays you so fast. It's cascading. All your friends are losing money. You're making money. I mean it's just almost good as sex, okay it's just incredible in terms of just what amazing exhilaration it is to catch that move on the downside and like you just feel so manly and so on top of the world.
Michael McCarthy: From CMC markets, this is The Artful Trader. Hello and welcome to The Artful Trader, I'm Michael McCarthy, the Chief Market Strategist at CMC Markets Asia Pacific. Each episode, we'll hear the highs and lows from the industry's experts and hear their journey to mastering the art of the financial markets. From high school betting to the Marines to macro trading. Today, we meet a highly versatile trader trainer, John Netto. For some the art of trading is something instilled within you from an early age, take John Netto, he took his first position at the age of 8, and set up a sports betting syndicate at high school, providing liquidity for other kids. It was clear from the outset he was destined for great things. Now John Nieto is a cross-asset class trader and author of The Global Macro Edge: Maximizing Return Per Unit of Risk. He's also the creator of the Netto number, John's special skill, his superpower, if you will, is his flexibility. He calls himself the protean trader, which means he's adaptable and he's versatile. So how does that translate into the trading world? Well, John has developed a trading strategy that manages algorithmic and high-frequency trades across a range of time zones, asset classes and markets, keeping a close eye on global trends. And he's turned this recipe into some form of Alchemy, making problems into profitable opportunities. From Las Vegas, Nevada, John Netto joins us on The Artful Trader Podcast. John, it's a privilege for our listeners to The Artful Trader podcast to have you with us today. I know amongst my own maloo of trader of traders that your book One Shot, One Kill Trading is very influential. And I know that a number of our listeners have already dived into the Global Macro Edge. John, I'd like to start at the very beginning if I may. How old were you when you placed your first bet?
John Netto: That's a great question. I was the age of eight and I was in elementary school at the time, and the idea of taking a risk or having some sort of attachment to the outcome of an event had a lot of appeal to me at a young age. And it was a San Francisco 49ers and a Dallas Cowboys game and I was a young, albeit very passionate fan of the game, and having an outcome on it just seemed really natural to me, seemed really obvious and intuitive. And when my classmate, being I lived in the San Francisco Bay area, so there was a preponderance of San Francisco 49ers fans, it'd be like if you live in Sydney and there were a lot of Melbourne fans, and you were a fan of a Melbourne team and you bet with all the Sydney fans. I was a Dallas Cowboy fan living in San Francisco. So it was an early start to a contrarian investing career.
John Netto: What didn't I learn in the Marine Corps is probably a better question, if I can say one big thing that it taught me, and it taught me a lot and for that I'm forever grateful. But the one thing that stands out about the Marine Corps is learning to live outside my comfort zone and learning to challenge myself and push myself further. I mean imagine this if you will, 18 years of age, rolling up on what's regarded by many as the most elite fighting force in the world. And it was something that came actually pretty intuitive, it was a pretty snap decision which can be a quality that can both be to your benefit and detriment as a trader. And it's sort of a quality I exhibited early that going to the Marine Corps just seemed intuitively right. I was relatively soft, emotionally and physically. So going through that training and going through the mental rigour was something that not only pushed me outside my comfort zone, but provided a framework of discipline and process that I'd been lacking up to that point in time. And it's not just discipline in the obvious ways, in terms of you're told to do something and you do it, but it's, you know, my drill instructor telling me that discipline is doing the right thing when no one is looking. The little things, the details, the subtleties. And what we find a lot in trading actually is that you've got to fight for every basis point of performance. It's the subtleties. It's not that many of us make big, transparent, obvious mistakes. It's the subtleties and the details that can often compound themselves and lead to much bigger losses. Oh, I didn't read this research report like I was supposed to, or I forgot to make sure that my stop was in place at this point, or I didn't do that little thing there. It's these little things that add up and these little things are often a by-product of either not having a crystallised process or not having the discipline to follow that process. I mean, I spent close to eight and a half years in the Marines and I learned two foreign languages. I learned to speak Japanese and Chinese. I was stationed in Japan for four years. I worked at the US embassy. And during that time, living in Japan taught me not only about the culture of the Marine Corps but the culture of Japan, different perspectives, again, stepping outside my comfort zone. So from learning to live outside my comfort zone would ultimately transcend into trading as well.
John Netto: Very carefully. I would say that being around the markets was something that predated or preceded my time in the Marine Corps, in high school, along with running a gambling operation, I was also an avid reader of the Wall Street Journal and Investor's Business Daily. I learned about options, and when I was the age of 12 saw the movie Wall Street, from Oliver Stone, and Oliver Stone wrote and produced and directed that movie to highlight the greed and nefarious that existed on Wall Street of the 1980s, just the decadence, the opulence, the greed that was on Wall Street in terms of what Wall Street came to symbolize. And paradoxically, or ironically, what he ended up doing was launching an era of people who wanted to go to finance. So I mean to follow up, to actually answer your question, you actually asked me how did I transition. I just gave you the philosophy behind the transition.
John Netto: I was in the Marines and I began trading online with an e-trade account in 1998, while still in Japan, and then was accepted to an officer commissioning program at the University of Washington. I came back in 1998 to the States after living for years overseas. And then from there, there was an application called Cyber Trader, which is ultimately bought out by Charles Schwab in I believe 2000 or 2001. And I just began trading stocks online and really developing a system and learning by taking frankly, a lot of lumps. I mean, I lost a lot of money at first, for as smart as I thought I was it wasn't producing the P&L and I was making the same mistakes that everybody was. I was letting losses run to big. The second I saw profits I would take them. I mean, the one thing that I always had though was discipline. So at least I could see that if I'm losing, I knew enough from what I had read the importance of risk management. So while I wasn't making money and I was definitely losing money, I wasn't blowing up, like I wasn't having my account get wiped out because I could at least adhere under pressure, which the Marines were great at teaching how to respond under pressure. And to this day, the ability to prevent losses from being catastrophic losses is a by-product of that ability to function under immense pressure. Creating a winning system on paper is a completely different skill set than monetising that system or monetising an opinion in the market. Analysing the market is different than monetising that perspective in the market itself. It's very much a different art because trading in and of itself is a skillset that is an art all unto itself.
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