FAQs

TRADING STRATEGY

How would you describe your trading strategy?

I focus on scalping, spreads, breakouts, trend, etc. I am a trend-oriented trader with a scalping style. I use a specific method to scale out of trades to reduce risk. I keep a running tab on the ATR (Average True Range) for specific changes in stop loss orders and earning potential in trades. I prefer breakouts and breakdowns, and NYSE TICK fade trading.  Of course, breakouts and breakdowns are calculated using dynamic support and resistance calculations. I generally like to trade gaps at the opening of a trading session. Finally, I am particularly fond of the Fibonacci ambush trade, which is a consistent winner.

What are the benefits of your trading strategy? Why would a trader / investor choose your style over another?

I am very calculating in my trade selection and will consistently pass on low probability set-ups. Trading is all about probabilities, so it takes patience to find the high probability set-ups that produce consistent winners. I avoid countertrend trading except in very specific instances – usually NYSE TICK fades to the short side of the market.

How many trades do you make on average?

I average 5-7 trades per day.

What are your average non-compounded returns per year?

I consistently generate around 75-100% returns every year.

What is your average drawdown? Stop losses?

On the YM contract I seldom exceed a 15 tick stop per trade. On the ES contract I seldom exceed an 8 point stop-loss. When the ATR is greater than 4.5-5, I will generally not trade since the market noise is sufficient to blow out even the widest of stop losses. As you may be aware, drawdown is not directly applicable to the scalp trading style.

What was your biggest drawdown?

I once lost $1,200 on a $5,000 account in a single day, but that was years ago. My trading style lends itself to consistent, daily profits. I usually only trade 3 contracts, and up to 6 maximum on a six-figure trading account.

What is your ratio of winners to losers?

Out of 10 trades, 7 are usually winners, and 3 are losers.

When do you take profits on each trade?

I scale out of my ES trades at 4, 8 and 12 ticks. When I hit my first profit target I move my stop loss to breakeven. I scale out of all my trades in this manner. In essence, if I hit my first target I have a winning trade. I am adamant about never letting a winning trade become a losing trade. Once I am in the money, I stay in the money.

Does a trader / investor need to watch the market all day in order to trade your signals?

It is essential to watch the market in order to trade my intraday signals, unless you are setup with autotrading.

What minimum trading account size do you recommend to effectively trade your system?

I recommend a minimum account size of $10,000.

What are your thoughts on money management? What is the maximum percent you recommend exposing to risk on any single trade?

A general rule of thumb is to never exceed 5-7% of your account balance on a given trade. I find most novice traders risk far too much in their trading and tend to overtrade.

Are you willing to offer a guarantee?

Yes, if you buy an annual subscription and take all my trades and do not show a profit at the end of the year, I will give you another year free.

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.

TRADING COURSE

What is included in your trading program?

I think it is important for everyone to realize that there are two distinct programs in the members section for study.  The first program is The E-mini Trading Professor System, which is a day trading system  designed to generate daily income. This program utilizes high percentage trading techniques in a scalping  trading approach. The second system, Tradingology, is a premiere  program for trading stock options for income. While this program is income oriented, the time outlook is similar to what you would expect in a swing trading environment. Just the same, both courses are income oriented and designed to put money in members pockets in the near term. Because of my particular market views, I feel these two approaches are important points for novice and/or newer traders to assimilate, because longer market prediction is difficult to do with any accuracy. You need only look at last year’s predictions by the economists and compare the results to what actually happened this year to realize this.

Why is your trading course different than all the others out there?

I have been a very successful full-time trader at the institutional and retail levels for more than 20 years and have had many friends and colleagues request that I share my trading style for quite some time now. I chose to write this course with the specific goal of Day Trading Frequently Asked Questionstargeting new traders and intermediate traders who are not having a type of success they expect. Further, I wanted to present a day trading program that was affordable for the novice trader and provide a daily follow-up to enhance my students trading ability. All too often, I see novice traders shell out $5000 or $10,000 for programs that are run-of-the-mill. I have tried to target this course so beginners can learn exactly the trading techniques that have been successful for me for many years. Further, I give suggestions on how to get started in the trading business, and specific methodology for trading effectively. And finally, I place great emphasis on the psychological aspects of trading which I feel are among the most important concepts to understand in order to trade successfully.

Do you actively trade or do you just make your money selling your course?

I am still a full-time trader and trade every day. In the nightly videos you will be able to see, from time to time, the exact trades I made throughout the course of that day’s trading session. I post both my winning trades and losing trades. I think it is important to understand that every trade will not succeed and that I have trades that do not pan out, just like all traders. Of course, the secret to trading is to take high percentage trades on a regular basis and not be tempted to enter low percentage trades.  Part of my trading strategy is identifying high percentage trades, and then stressing the discipline to avoid low percentage trades.

What level of trader is your course designed for?

As I have mentioned, this course is aimed for the beginning trader and intermediate trader who is not enjoying the success he or she expected. Obviously, if a trader is enjoying success and his business, there is no reason to take on another training program. I have been very meticulous in explaining the details of trading that every new trader needs to initially learn. I feel this course is a superior method to earn money as opposed to many of the Internet opportunities that have been proven unsuccessful for the majority of participants.

Are you a technical trader, a fundamental trader, or a combination of both?

I have my own unique style of trading, but I do not incorporate any fundamental trading in my trading system. I do borrow parts of technical trading, trading based on chaos theory, and even a little efficient market theory in my trading methodology. I consider my trading a hybrid form of trading that emphasizes high percentage trading based upon well-established trading principles. I use oscillators, simple moving averages, NYSE tick charts, and price action to determine appropriate trades.

In a nutshell, what’s included in your course?

The course is delivered in digital format and participants have unlimited access to the members area of the website. I have written 13 modules covering different aspects of trading and produced an equal number of videos that elaborate on the modules, once you have read them. I also post a daily video covering a specific aspect of trading that each member will receive on a daily basis. There are plenty of charts to analyze and resources to enhance your education. I also have a blog I post to three days a week covering some of the technical and economic aspects of trading. There are actually two courses included in the membership subscription, one course covers day trading and swing trading options for monthly income, and the other course covers trading e mini in a style known as scalping. Both courses are top notch, and if a member applies himself or herself diligently to learning the information they have an excellent chance to succeed in this business.

They say most people fail when they try trading. Can I really do this?

It is true that most people fail when they attempt to day trade. There are many reasons for this, but the overwhelming number of failures can be attributed to inadequate trading methodology training and not being prepared psychologically for the trading environment. It is not enough to want to succeed; you have to be equipped with the technical skills and prepared for the psychological rigors the markets place on a trader. While the psychological training is very subtle stuff, I consider it the most important skill to master. For that reason, the first chapter in the course deals with the psychological effects of trading. I find that all too often traders began trading the balance in their futures trading account and not the chart in fun of them. By that, I mean to emphasize that even though a trader may have several consecutive losing trades he cannot change his trading style in order to “catch up” his account balance. There are many other psychological and emotional issues that arise via the money management issue and futures trading. I want to make it clear that I am not a psychologist, and have no interest or ability in analyzing your personality. I am only interested in the emotional effects that trading the market creates in people, such as greed, fear and shame. Traders are often reluctant to discuss their personal psychology when trading, and usually suffer in quiet desperation. This is the wrong approach and understanding the natural feelings experienced by all traders and how to deal with those feelings is essential.

Does your strategy work on all markets and time frames?

At the institutional level I have studied and traded 8 or 10 different trading systems. Most systems work on a variety of different markets. However, the e mini system I trade works only with financial index futures. This is partly due to my preference for trading the financial markets, where most of my professional experience has taken place. So our stock option course is specific to stock options, and the e mini trading course is specific to the financial e mini products. I feel these two areas offer the best potential for traders to earn a good living. So the answer is no, the courses are designed for specific markets that I feel are most profitable. Further, the e mini course is a scalping style of trading and is not applicable to all time frames. It will work with a number of time frames, but scalpers are primarily interested in getting in and out of the market quickly with a nice gain. I do not hold any trades overnight, and my money is always in cash at the end of the day.

I know I can make money when the markets go up, but will I lose when they go down?

It is not particularly important whether the market is going up or down, though the market typically goes down three times faster than it goes up. In futures trading, I teach you to go long or short, depending upon the situation, so that you can take advantage of both market moves to the upside and downside. In most respects, it doesn’t matter if the market is going up or down, we make money.

Should I start trading in a demo account or real money account?

Oddly enough, this has become a controversial topic of late. Many trading educators feel that students develop poor trading habits when using a demo account. On the other hand, I am a strong believer in trading on a demo account before transitioning to a live account. But I say this with a caveat; you must learn to trade your demo account with the exact style and number of contracts that you will be using in a live account. You must also take only trades that meet the criteria I have described in the trading course. If you deviate from what is being taught, you will develop habits that will come back to cause failure. Practice doesn’t make perfect, perfect practice makes perfect.

Do I have to stare at charts all day long?

You will spend a good amount of time staring at charts. The scalping style trading is about finding opportunities to make high percentage trades, and the trades do not announce themselves on the radio or television. You will learn to recognize them and then react to them. The number of hours you choose to trade is completely up to you, I usually trade the the entire morning session starting at 6 AM and have often finished by noon. That being said, I also have been known to trade the afternoon session, too.  I trade when I feel like trading, or when I feel there are good opportunities to be had in the market. To answer the question though, you’ll be spending a fair amount of time looking at a computer screen.

Can you recommend a good broker?

We are unbiased in the brokers we recommend, but have had some great experiences with several firms and recommend them highly. So you will not have to go out and find a good broker as we have done the legwork for you in this respect.

How long will it take before I start seeing a decent income from trading?

This is a very difficult question to answer. Everyone is endowed with a finite skill set and some people are successful faster than others. For the most part, though, your level of success will be in direct relation to the amount of time and effort you devote to learning and honing your trading skills. Most students spend about a month studying a couple hours a night before they are ready to start on a demo account. Some take longer, some take less. My recommendation is to go at a rate that you are comfortable with and can assimilate the information. I devote a section of training to the stages novice traders go through when learning. The first three months are a time when you are learning how the platform works, adjusting to the movement of the market, and gaining confidence. Your gains in the first three months will not be indicative of your trading potential.

How do I make the transition from my day job to become a full-time trader?

Do not quit your day job until you have successfully completed the course, and are consistently trading for a profit. I leave it to most students to know  when they feel confident enough to make this transition. In my opinion, you’ll know when it’s time, and you will know when it’s not time to leave your job. You must feel confident trading and even more important, you must enjoy trading. If you meet these two criteria, you will know when it’s time to tackle trading as a profession. In my opinion, there is no better profession. I truly love it.