Newbie's Guide to LBR

First things first...this is a member-prepared guide, not an official LBR Group post. It is simply one member's perspective on things he would of liked to have known on day one of his membership.

Ok...for starters...your number one priority should be to learn Linda's approach to the markets, not to simply wait for room calls, nor to focus on the chat in the Open Forum. You have multiple resources available to accomplish this (I'm assuming you've already installed the Chat tools from https://www.lbrgroup.com/index.asp?page=FuturesLive):

Linda's Presentations - https://www.lbrgroup.com/index.asp?page=WebinarFiles
Trade Setup Library - https://www.lbrgroup.com/index.asp?page=TradeSetupLibrary
FAQ on Terminology - http://www.lbrgroup.com/index.asp?page=FAQ
Linda's Articles - https://www.lbrgroup.com/index.asp?page=Articles
Class Transcripts - https://www.lbrgroup.com/index.asp?page=ClassTranscripts

The above list is how I would personally prioritize reviewing LBR's material. The prioritization is subjective of course, but the point is that you should get to it as quickly as possible to maximize the utility of your stay with LBR. There is a lot of other material on the LBR site, and you should at least glance at all of it, but this is a good starting point.

A couple of other resources worth mentioning include this blog, where you can search for examples of various setups, ideas, statistics, etc., posted by members. The blog is searchable by topic via the list on the right-hand side of the page. The other key resource for your learning is 'The Lounge', a room that is open to all members, and is usually inhabited after the close, and over the weekends. The Lounge is probably the single best spot to ask LBR-related questions to other team members in a relaxed and informal setting.

Also...some tips from fellow members that you should keep in mind...

• The room is filled with some very experienced traders, trading their own particular styles, some based on LBR principles...some not. Don't get caught up in the Open Forum...it's a great resource for learning from other people, but you must focus on learning Linda's approach (that is why you are here isn't it?), and developing you own style from that.

• Don't expect to join the room, sit back, and just take trades based on room calls...and somehow become a trader along the way. Room calls are a learning resource, and can result in some nice pocket change, but you need to do the work yourself to get anywhere. My observation is that it takes about a year to fully absorb the material.

• Focus on ONE pattern at a time. A common mistake many traders make when joining LBR, is to immediately try to trade every pattern they see. You are MUCH better off mastering one setup at a time, before moving on to the next one.

• I wouldn't recommend blowing your capital while climbing the learning curve. Use enough to keep you mentally engaged, or better yet, just use simulations if that works for you. At least until you have enough knowledge to keep yourself out of trouble.

• Remember to read the Opening Play at https://www.lbrgroup.com/index.asp?page=Members every day, before the start of the trading session.

I am sure that there is more to tell, but this is at least a solid departure point. Be sure to ask a lot of questions, as long as you are respectful of other members' time. Focus, study, and put the work into it and you will become a better trader!

One final reminder... it's the concepts that matter more than the setups (market structure, day type, momentum, etc.)!

Welcome Aboard!!