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'The Tick Trader' answers your questions.
Frequently Asked Question about my Emini Trading Course
| Q. | Can I trade more than 30 to 90 minutes a day? |
| A. | Yes. You can break it up into two sessions if you like. Perhaps a morning session and afternoon session—make 1 point each session.
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| Q. | Can I trade for more than one point a day? |
| A. | My emini trading course has advanced material for those who WANT to trade all day and earn more than one point a day. That’s fine to do.
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| Q. | Can I use this with Eminis other than the S&P? |
| A. | Yes! my method works great with the Erussell and The Dow Minis. I have not traded the Nasdaq Eminis but certain it would work.
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| Q. | What is a Day Trading School? |
| A. | Many websites offer day trading training where you have to attend a classroom in a school. If you are not near one of these "schools", you are out of luck. I offer my course as an "at home" learning experience. You learn at home to earn at home.
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| Q. | Is this a mechanical system? |
| A. | Yes, and no. Yes, it is mechanical. No, it is not a “system”, it is a method. In my opinion, systems don’t work because the markets always change. The Tick Trader will give precise entry points that are highly accurate.
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| Q. | How much money do I need to start? |
| A. | Most brokers require a $5000 starting balance to begin. I know TradeStation will allow you to trade with $2000 in your account but you have to open with at least $5000.
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| Q. | Can I feasibly make an income with a $5000 opening balance? |
| A. | Absolutely! Assuming you can follow the rules! Check out my Business Plan. You will see that trading a conservative 3 contracts is already earning $35,000 a year. If you compound for just a couple months you are making a nice 6-figure income. How far up do you go? That’s your decision.
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| Q. | Can you recommend a good broker? |
| A. | Yes, Send me an email.
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| Q. | How much are commissions? |
| A. | Personally I would not pay more than $5.00 per contract, round turn. Brokers are competitive and will lower your rates. Shop around. Check out my resources page for more.
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| Q. | How long will it take to learn The Tick Trader Methods? |
| A. | I believe if you read the manual and watch the included videos, you will be underway in under a week. You really need to review the daily trade videos on the member’s page and you really need to paper trade. I will not tell you how long to paper trade because everyone is different. You may need 2 weeks of paper trading or just a couple days. Any experienced trader will be ready in a day or so—this is truly a very simple method—but don’t let simplicity fool you, its highly accurate.
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| Q. | What kind of support will I receive from you? |
| A. | My undivided attention! I am not a sales man trying to sell 1000 copies here. I am a real day trader who makes his living from day trading—period. I truly want to see you successful. You will have my private cell number and email address and all the consultation you need. I will never charge you more money to talk to me.
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| Q. | There are many other emini trading courses available, why should I buy yours? |
| A. | The Tick Trader stands out based on my guarantee and the personal attention you receive. My daytrading methods have delivered at least one point everyday for the past 4 years! Lets face it, $1395.00 is a bargain for this kind of material considering the support you get and the daily videos. (Price increases Feb. 1, 2008) Many courses do not offer guarantees and/or charge for “EXTRAS” like daily videos or charge a monthly fee for member’s area access, or for phone consultations. I don’t do any of that and never will. You will have my cell phone number and private email address to contact me whenever you need to. My day trading course gives you:
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| Q. | If you do so well with your method, why sell it to other people? |
| A. | Why not? First, I get satisfaction out of teaching. Teaching people my methods make me a better trader. I truly want to help people be successful at daytrading. I have lost so much money and tried so many different things. I finally have something that works very well and has been my income for over 4 years and I have finally decided to share a few copies with people who want to learn.
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| Q. | You mention discipline quite a bit. Why? |
| A. | It’s that important. Whether you purchase my day trading course or some one else’s, you need to be disciplined to follow the rules to the letter. That’s why I highly recommend purchasing Direct Your Mind. I use this daily and I highly recommend it.
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| Q. | Can I skip trading a few days here and there and still make money? |
| A. | Absolutely. You will be making money every day you decide to trade! Of course you will not make money when you take a day off.
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| Q. | Can I pay for my course in installments? |
| A. | No. A simple one time payment is required. Please read our CFTC Disclaimer linked from the bottom of my home page. You should be well capitalized to trade futures and should not be trading with money you can not afford to lose. If you can not make a one time payment, you may not be ready for trading!
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| Q. | How much can I expect to make in a year? In other words, what do you consider a living? |
| A. | Great question. Personally I consider a $100,000 a year good income for most people. Following my plan and trading 3 contracts to start and adding 1 contract after every $1000 profit, you will be earning well over $100K a year in about 3 months. Please read my Business Plan.
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| Q. | Do I need a brokerage account to trade using your methods? |
| A. | Yes you do. There are a lot of brokers out there. I recomend that you do not pay more than $5.00 per contract round turn. Anything more is highway robbery. You can email me and I will let you know how to contact my broker.
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| Q. | Do I have to install your software on my computer? |
| A. | No. I do not sell software! I am selling education materials only. However, you will need a Charting Program to use my methods. I highly recomend going with Trading Station Securities or www.esignal.com
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| Q. | What if I lose my internet connection while I am in a trade? |
| A. | You need to CALL YOUR BROKER IMMEDIATELY. Personally, I always have a back up computer with a Verizon Internet Card ready to go in case my cable modem goes out. Its very prudent to have a backup and have your broker's number on speed dial. I have not had this happen to me, but I am certain it could!
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| Q. | I know I can make money when the markets go up. Will I lose when they go down? |
| A. | The Tick Trader method allows you to profit from up and down markets! Go to the beginners page are read about shorting the market!
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| Q. | Why have you increased the price starting February 1, 2008? |
| A. | A few reasons; let me explain: Initially I offered my students the training materials with e-mail and phone support. However, students have learned more from live experiences, so I added the LIVE TRAINING WEBINARS -You can see live market action and ask all the questions you want. I also do these over the weekends to accommodate everyone. This, of course, increases the support services for all my students.
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| Q. | Do you offer a “Live Trading Room” where I can just do what your doing? |
| A. | Yes and no: I am currently experimenting with a live room where students can ask questions and see what I am doing. I want my students to be able to take trades that they’ve learned thru the course and not me to validate trades. I do make my living trading and its very important that I be able to trade without distraction. I plan on keeping the live room however I can not guarantee how long I will do it.
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| Q. | You state the Tick Trader Day Trading Course© makes money every day, what about draw-downs? Do you have them? |
| A. | OF COURSE! We never claim to win every trade. That’s impossible. A lot of new traders make the mistake of overleveraging their trading accounts!! I personally use a 1500:1 margin. Meaning I trade 1 contract for every $1500 I have in my trading account. A beginner should use 2000:1. Most days are quick for us. We make our money and leave the table. Other days are tough! We have to work at it! I’ve had intraday drawdowns of 10 POINTS!! (this only happened once) – My discipline worked, I recovered and still made a profit. Trading is not always easy. This is why I give you a lot of rules and I talk about DISCIPLINE all the time. Rules and Discipline will get you out of trouble. All that matters is at end of the day, we leave the day with PROFIT!
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