Archive for December, 2009

ES Emini Day Trading: Detailed Video showing Trades

By , 11 December, 2009, No Comment

ES Emini Day Trading Review: Trading Concepts

By , 10 December, 2009, No Comment

Are you ready for a comprehensive trading system that requires careful study and flawless execution? In the world of professional trading this dedication to self-disciplined principles is a pre-requisite, but my observation is that many amateur traders take a laissez-faire approach to trading.  I would also point out, at this point, that anywhere from 70-90% of first time traders bust out their accounts within three months.  This does not speak well for the preparation system most new traders employ.  There is no room for free-lancing in the trading room, and those who do not remain disciplined lose their accounts fairly quickly.

I have never fully understood why any individual would take on new profession and not dedicate himself/herself to learning the business completely.  Any skill takes a modicum of book learning and practical experience to master, and trading skills are among the most elusive skills to truly acquire.  It takes serious book work and a considerable amount of paper trading before a prospective trader is ready to tackle the market with real money.

Trading Concepts employs a system of trading that is fairly straight forward and quite learnable.  More importantly, it works if you take the time to execute it properly.  There is nothing terribly exotic about the techniques in the Trading Concepts system, but there is an excellent mixture of the right trading techniques to make any novice successful.  The are no esoteric mathematic formulae to memorize, nor do you need to purchase any of the $10,000 trading programs you see advertised in many of the trading magazines.  No, this system takes some standard charting skill and an observant mind.

Do you have what it takes?

Let me say that the developer of Trading Concepts has what it takes, as he promised a lifetime guarantee of customer support to his students.  Todd Mitchell, the proprietor of Trading Concepts impressed me as an individual of unusual dedication to the education of his students.  My impression of Todd was one of great admiration for the pride he takes in turning out professional traders.  He ought to be, too. He has been training traders since 1994 and his satisfied students are a large group who are very vocal in their support of their mentor.

Todd focuses on training students to trade the ES Emini.  This is, so to speak, his bread and butter.  He has the usual teaching aids to assist his students: an extensive manual with excellent documentation, on line training, a trading room and, as I have mentioned, a life-time guarantee customer support for his students.  To the best of my knowledge, this is the only claim of this kind, and is certainly a strong point when considering his program.  I have reviewed a dozen or so trading systems, and have been very critical of some, but find nothing but superlatives in recomending Todd Mitchell’s Trading Concepts, Inc. trading system.  Like all trading programs, the real work lies with the trader, and your level of success will be directly proportional to the amount of time and effort you apply to learning and implementing the principles of the system.  But if you have the motivation, everything is here to assure your success.

The pricing on Trading Concepts,Inc program was about half of what comparable systems are currently charging, and considering the long track record the program has put together, I find his program a bit under priced in comparison to his competition. But this mispricing of Trading Concepts, Inc is to your advantage.

In summary, if you are serious about becoming a full time trader, this system supplies all the tools you need to make the transition from the 9-5 dead end job to full time trader.  Your success is up to you.

You can check out Trading Concepts here.

ES Emini Trading: Pivot-Fed Announcements-Commentary

By , 9 December, 2009, No Comment

Initial jobless claims fell 5,000 in the November 28 week to 457,000, extending a run of impressive improvement. Continuing claims for the November 21 week rose slightly to 5.465 million with the insured-workers unemployment rate steady at 4.1 percent, well down from a summer peak of 5.2 percent.

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Update on TARP Money

By , 7 December, 2009, No Comment

From the NY Times: U.S. Forecasts Smaller Loss From Bailout of Banks

The Treasury Department expects to recover all but $42 billion of the $370 billion it has lent to ailing companies since the financial crisis began last year, with the portion lent to banks actually showing a slight profit, according to a new Treasury report.

The new assessment of the $700 billion bailout program, provided by two Treasury officials on Sunday ahead of a report to Congress on Monday, is vastly improved from the Obama administration’s estimates last summer of $341 billion in potential losses from the Troubled Asset Relief Program. …

The officials said the government could ultimately lose $100 billion more from the bailout program in new loans to banks, aid to troubled homeowners and credit to small businesses.

ES Emini Day Trading: Pivot-Fed Announcements-Commentary

By , 6 December, 2009, No Comment

As would be expected, much better-than-expected numbers for the November employment situation sent equities up sharply early in the day on Friday. But by close, stocks had come down significantly as many traders simply worried that equities have gotten too far ahead of economic conditions. Also, the dollar jumped on the release of the jobs report and weighed on materials and energy sectors. Still, for the day and week, most indexes posted moderate to sizeable gains.

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Trading Concepts: Have you considered a serious trading education?

By , 4 December, 2009, No Comment

Many, but not all, traders approach their education in a haphazard method, piecing bits of knowledge together in hopes at arriving at a sound trading system that will serve them in a variety of trading situations.  Of course, I attribute this approach to the staggering 70-90% (depending upon which source you quote) failure rate experienced by novice traders.

Want to change that statistic for yourself?

There has been one remarkable fellow who has been consistently churning out successful traders for more than fifteen years and has legions of past student to attest to his skill at both trading and teaching others to trade.

His name is Todd Mitchell and his company is TradingConcepts, Inc.  and his site is packed with testimonials of grateful students.  More importantly, though, is the thoroughly sound system for trading ES Emini contracts that Todd teaches.  It’s his specialty, and has been since 1994, and Todd offers a variety of products, along with a lifetime guarantee of ongoing support for all who sign on to his programs.

Want a  live trading room?  Yea, he has one!

Want a well thought ought curriculum, learning manual, and personal mentor?  You got it!

In talking with Todd last night one particular point stood out in my mind:  Todd doesn’t see himself as a teacher for a semester or two, this guy see’s himself as a a lifetime mentor for his students.   I have been following his career for several years and went through much of his material to research his technique, and found his system not just sound, but well grounded in trading principle and readily learned.

So I though I would give his firm a call.

Who do you think answered the phone?  Todd, and this guys is a trading dynamo.  I have been around traders for nearly 30 years, but Todd still has  unbridled enthusiasm and desire to teach students.  Heck, he got me excited about trading.

My point is a simple one…are you looking for bits and pieces of knowledge, or are you ready to step up and learn a unified system for trading that will serve you the rest of your trading career?  Only you can answer that question.

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