A. Out of the 70 plus indicators promoted in the trading world, MRDVD will tell you which he has found work the best, and how to correctly interpret and use them. (This knowledge alone has taken me thousands of hours, many dollars spent,, and years of study, testing, and research. I have trained personally under the tutorage of the originators and authors of many of these indicators, and thus I know the strengths and weaknesses of these indicators intimately. I know their capabilities and their weaknesses. This one item alone will save you thousands of dollars in losses while you are learning to trade profitably. The best indicator, improperly used, is a formula for disaster.
I suppose as a result of my engineering education, I am always running controlled tests see what works best. This research takes a lot of time and it is a pastime of mine. I have a very inquisitive mind and I want to know and prove to myself what is true. a
A new trader is like a hiker who is lost in the mountains with no compass or survival equipment. There are many trails, but which one will get him out of the mountains to safety. All trails look similar, but most do not lead to safety. Few traders know how to correctly use the indicators they are currently trying to use, let alone which ones are the most effective. One student, who has become a friend, was using eight different indicators. He was so confused. He was always afraid to take a trade because one or more of the indicators disagreed. He recently emailed me that he had made 8 successive winning trades because I finally succeeded in getting him to simplify his methods get rid of his worthless indicators.
B. How to read the bars or candlesticks on a chart and to correctly interpret what they mean and how they give advanced warning to future price moves. I will teach you how to spot the tops and bottoms and reversals with unbelievable accuracy and how to take advantage of them with the least risk in your trade.
C. How to recognize the technical chart formations and setups which offer the best potential for profitable trades. Sorry, I do not teach the classical chart patterns like head and shoulders, triangles, wedges, etc. because computer tests have concluded they fail way too often and will cause you losses. These patterns, explained by many smart authors like Tom Bulkowski and Martin Pring, were discovered and taught before computers had the ability to correctly analyze them. Yes, every pattern works, SOMETHIMES. What is not told is how often they fail. It is nearly like tossing a coin. I teach signals that work.
I have lost a lot of money believing and trading in those patterns in former years before computers could analyze thousands of data to prove their inaccuracy. These patterns always work in the books in the examples they give. Why do they never show the examples where the patterns totally fail? MRDVD also teaches the truth about a lot of hype and bunk that is taught that computer analysis has proven to be false. I am not criticizing those early students of the markets who have worked hard to decipher the mysteries of the market movements.
D. After you learn the basics and gain some proficiency, MRDVD will teach you some simple trading set ups and systems that will really improve your results and will generate profits for any trader no matter what their experience level is. I must emphasize that there are no guarantees in any trading or investment, and every system or technique comes with risk. Some traders can screw up a perfect system. My goal is to have every student making money by the end of the course.
I failed totally with one student. Wilber was extremely smart and had attended many expensive seminars. I met him at the stochastic weeklong training at a cost of over $6500. I believe knowledge is power and essential to achieve trading success. Wilbur had lots of money and could easily have afforded any loss he might incur. He knew more about some things then I did,and taught me too. He was a true intellectual.
What was Wilber’s problem? He could not pull the trigger! He never made a live trade! He would never stop analyzing, thinking, checking, and confirming. I even sat down with this wonderful gentleman and after much persuasion he finally agreed that we would both take the next trade setup together. He was on his computer and I was on mine. I found two great trade setups for us to trade that he agreed to trade. I entered my trades and made money on both. To my disappointment Wilber had reneged and never pulled the trigger. When the trades ended, he admit he did not enter the trade. He had paid me to watch me pull the trigger and make money. As a teacher I somehow failed him and I will never know how or why? His frustrated wife confided to me that he had been doing this for years, spending a lot of money to learn, but never really trading.
Good trading requires discipline, attention. good judgment, and the courage to make the trade. You must pull to the trigger and enter the trade or you will never make money. If you never trade you will never lose money, but you will never enjoy the benefits of making money from the markets. If your goal is to never lose money, then stop studying and take up gardening, flying a plane, bowling, or some other hobby.
There is nothing on the earth that will make you money without taking some risk. You must decide your own personal risk limits. I can help you with that but I cannot make the decision for you. Some people are just not meant to be traders. Trading is an art and a talent. It is not the same as investing. Investing in a stock is a gamble at best. There are several ways to lose and one way to win. Will it go up? Will it go down? Will it go nowhere? If it goes in your direction you can still lose? How? By failing to exit and collect your profit. Many make a profit and watch the price reverse and erase all their gains? That happens to everyone occasionally because we are all greedy to some degree. We all want to believe it will just go up a little bit further.
I have an indicator that pretty much eliminates any guess work and solves the entry and exit decisions. I trust this indicator so much more than I trust my instincts, which are all too often wrong. I just wait for the signal and push the button. No thinking. No guessing. No hunches. No wild gut feelings. You see, some of these computer driven indicators are far smarter, far quicker, and far more reliable than our human ability to analyze all the data before us and make a good decision.
E. How to trade with stop losses, profit targets, the best places to put them, and when it is more dangerous to have a stop loss. It is important to control your risk and understand your risk in every trade. I will teach you how to do this, so that your winners will be bigger than your losers.
F. You will experience the power of one on one training which is the fastest way to learn. You will practice your trading skills without losing your money until you convince yourself that you can make money.
G. I will teach you what doesn't work which most fear to mention. I deliver honesty, clarity, and the truth about what works and what does not work.
H. I will help you to avoid scams, rip-offs, and worthless systems that are promoted everywhere so convincingly.
I. You will learn how to use the different time frames and which will safely help you to make money. Which time frame is the best to trade for your lifestyle? Monthly, Weekly, Daily, 8 hour, 4 hour, 2 hour, 1 hour, 30 minutes, 15 minutes, 10 minutes, 5 minutes, 3 minutes, 2 minutes, 1 minute, tick charts, range bar charts, etc.
J. Is measuring risk to reward important and worth the time and effort?
K. Do targets work? Is there any way to know where the trade might go?
L. What is Support and Resistance and where is it on the chart you are trading? Will it help your trading or is it a waste of time?
M. Do Fibonacci levels work? Should you incorporate them into your trading? Will they help you to pick profit targets and exit points and place stop losses?
N. Does Elliot Wave Theory work? Should you incorporate them into your trading plan? What part of Elliot wave is the most reliable? Should you try to count the waves?
O. What are the pros and cons of trading stocks vs. futures vs. Forex currencies versus Options?
P. Who can you trust to answer your questions that come up during n your trading? Any questions you have that come up will be immediately answered by MRDVD before you develop bad habits.
Q. How do you let your winners run and cut your losses short? Everyone teaches that this is a formula for trading success but few show you how to accomplish it.
R. How to paper trade correctly that will give true results that equal real live trading.
S. How to keep statistics on your trades that will be meaningful and helpful to your trading?
T. What are the un-truths with which Wall Street continues to lure new novice traders into their midst?
U. There are over 10,000 stocks. Which stocks should you trade? How can you tell which will give you the best results? Which Forex pairs are the easiest to trade? Which are dangerous? Which futures contracts are worth trading?
V. Should you trade Options? Are they really better and safer or more risky?
W. How to avoid costly commissions, brokerage fees, loads, etc. What is the cheapest way to trade? Does the commissions I pay really matter in the long run? MRDVD will save you more in commissions than you will ever spend learning from him. You see, I am not committed to any brokerage.
X. Is Volume a big deal? That is what so many talk about. What do I need to know about volume?
Y. Should I only trade long? Is short trading riskier? Should I avoid shorts?
Z. When and how should I take profits or limit my losses on a trade.
ANSWERS YOU WILL GET FROM THE LESSONS