Archive for ‘trading education’

E-mini Trading: Why do Clients Enroll in a New Course and Put Forth Little Effort?

By , 15 October, 2011, No Comment

One 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.

ES Emini Day Trading: Paying for a Trading System or Paying through Experience

By , 13 December, 2009, No Comment

Todays trading environment is a much different scenario, where many individual investors who have not been trained to trade through the institutional channels are active in the markets. There are some very good traders out there, but one statistic has stuck with me for quite some time. The novice trader has 70% failure rate, and usually within three months

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 Day Trading: INO FREE TV

By , 27 November, 2009, No Comment

Here’s a sneak peak to my new favorite educational service…

Over the past few months your knowledge of trading
could have easily improved through access to some
top notch trading coaches…

but without ever leaving your house!

The secret isn’t teleportation it’s INO TV!
I’ve been given permission to introduce you to it today…
by giving my members an “on the house” 4 video preview!

Watch these four great trading videos

http://www.ino.com/info/36/CDXXX/&dp=0&l=0&campaignid=9

Tap the link above to have access to streaming educational
materials from experts who can help you to become a better
trader.

Remember, you get to view four videos “on the house”.

Good luck and good trading,
David

Enjoy the videos, they are packed with info

ES Emini-Trend Analysis

By , 31 October, 2009, No Comment

I use an 89-period Simple Moving Average to get the overall trend of the market. If the daily price action is significantly above the SMA I concentrate on long trades, and conversely, if the price action is significantly below the SMA I concentrate on short trades.

Is the NASDAQ Now in Thin Air?

By , 23 October, 2009, 1 Comment

Of the three major indexes we track: DOW, NASDAQ and the S&P 500, only the NASDAQ is in thin air.

What do I mean by thin air? So far the NASDAQ is the only index to make it past the 50% Fibonacci retracement levels as measured from the highs seen in 2007 and the lows that were made in March of this year.

Both the Dow and the S&P 500 have rallied strongly from their March lows but have not made it over the 50% retracement level.

Click here to see the video “Is the Nasdaq Now in Thin Air”

Many professional traders – myself included – are looking at the NASDAQ’s Fibonacci retracement as it represents a potentially key turning point for this year’s market.

While not all the pieces are in place to go short or get out of long positions, one of the first clues is being put in place today by the Japanese candlestick charts.

In my new video, I share with you the NASDAQ retracement levels, as well as one of the key components that could lead to a potential reversal to the downside.

As always, our videos are free to watch and there is no need to register.

Click here to see the video “Is the Nasdaq Now in Thin Air”

Enjoy the video, all the best.

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