About Us
The E-mini Trading Professor is a veteran floor trader with over 20 years’ experience. He has made thousands of trades from the pits as well as from behind the computer screen. He trades the e-minis everyday with real money while he teaches others to trade. He is truly a traders’ trader. (And no, this is not really him in the photo below.) His real name is David.
How many years of trading experience do you have?
I have been trading for 22 years, mostly at the institutional level, with some retail stock brokerage experience wedged in from time to time. I also owned a stock brokerage for several years.
How did you get involved in trading?
I started out as a retail registered representative with IDS Financial Services and gradually worked my way through their leadership programs. Through IDS’s relationship with Shearson, I had the opportunity to begin in their institutional trading programs. When Lehman Brothers engaged my services, I worked for them for the remainder of my career.
What are your biggest strengths as a trader?
The name of the game is price action – not indicators and oscillators – which are only useful for filtering potential trades.
What are your biggest weaknesses as a trader?
At age 53, my ability to concentrate effectively is only about 6 hours. Any longer than that time period, I find my decision making ability is substandard and sloppy.
What was a trading experience where you learned a valuable lesson about the markets and yourself?
It was a gradual process, but learning to avoid enticing countertrend trades took quite a bit of effort. I currently limit myself to one countertrend trade per day. Needless to say, I am deeply influenced by trend and momentum trading methodologies.
What is your trading expertise?
I am focused specifically on the e-mini contracts – the ES and YM.
How would you describe your trading style?
I am a dyed in the wool, short-term, intraday scalp trader.
Is there anything else you’d like to add?
I have a very easy going style of trading, and seldom get excited or agitated. I don’t worry too much about an occasional sour trade since I am confident in my ability to maintain my trading style and come out with consistent gains.
More questions? Learn more about Dave’s e-mini trading strategy and his trading course at our FAQs here.
Talk with the Emini Professor personally at 309-336-3353
Contact up for further info at: marketing@learn-to-trade-and-invest.com
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- Completion of the Trendline Article Series January 1, 2012First and foremost, I would like to wish everyone a happy and prosperous New Year. This is a time when many people, including traders, re-dedicate themselves to the passions in their lives. For me, it has always been trading and I look forward to a New Year and trading e-mini contracts. To a certain degree, […]
- E-mini Trading Professor: Sunday Night Briefing (12-4-11) December 5, 2011The television “talking heads” are all over the map in their discussions as to what the coming week holds for our economy. The usual discussions concerning the job market (improving), federal budget (weakening), and consumer sentiment (improving) have dominated the prognosticators predictions. Here is a synopsis of what to expect for next week: DATE REPORT […]
- E-mini Trading Always Provides a Painful Dose of Humility November 8, 2011I have been on a relatively hot streak in my e-mini trading the last couple of months and my returns have been impressive by any standard. Frankly, I have been feeling pretty good about my trading ability and consistently. I was pretty cocky about my trading results, perhaps verging on arrogant. I had let a […]
- E-mini Trading: Why do Clients Enroll in a New Course and Put Forth Little Effort? October 15, 2011One of the most unusual and disturbing phenomena I observe on a daily basis is the abysmal effort put forth by a small group of new e-mini traders in learning to trade. It is not unusual to have students enroll and then come to the trading room and try to share the dynamics of the previous course they had taken and blown out a futures trading account. […]
- 3 Important Things New E-mini Traders Can do to Succeed September 27, 2011The failure rate of new e-mini traders is disturbing. According to various sources, 90% of all new traders are out of the market within 3 months, their trading account balances exhausted. There can be little doubt that e-mini trading presents a challenging skill set to learn and execute, but there are a number of factors […]
- E-Mini Trading: Do Your Stop/Loss Points Get You in Over Your Head? September 17, 2011There is a tendency among traders, both new and experienced, to overestimate their predictive abilities as they relate to e-mini futures contracts. Over trading and trading too many contracts are common characteristics of the hard charging e-mini trader; but their exuberance might be put to better use if they held off a few years and […]
- E-Mini Trading: The Difference between the 90% and 50% Failure Rate September 14, 2011In my e-mini trading room I get to see a variety of new and experienced students trade their accounts. Oddly enough, experienced students who are looking for an e-mini trade room usually meet with the least success. When I speak with these students, I often find that they have taken numerous trading courses with minimal […]
- E-mini Trading Question from Individual: Understanding Risk in Day Trading September 11, 2011Hi David, Hello, hope your well, quick questions on your ES trading, may I ask how big are your stops? And are your targets? do you use range bars? what times do you trade? what is your max loss ofr a single day?All this will help me determine if it fits my risk profile:) thanks!! […]
