Emini Futures Daytrading Course Home

E-MINI STOCK INDEX FUTURES DAYTRADING COURSE
FREQUENTLY ASKED QUESTIONS

Course Background
Teaching Philosophy
Trading Philosophy
Pitfalls of Mechanical Systems
Tuition and Scheduling
Common Questions
Contact Info
Free Emini Stock Index Futures Daytrading Tips via Email


Course Background

Q: How long have you been teaching your Emini Daytrading Course?  How do I know I can trust you amongst all the others?
 

A: We're in our 15th year teaching stock index futures only daytrading.   Long term, we have always had a laser focus on nothing but stock index futures daytrading.  We didn't evolve from teaching stock trading, pre-tech-wreck, or anything else.  We've always been focused on one thing and one thing only: daytrading stock index futures.  We are the first and oldest stock index futures only daytrading school in the world.  Everyone else has to rise to our standards.  You'll benefit from these extensive years of experience in bull markets, bear markets, and sideways markets.

Q: Has your daytrading course adapted to a changing market over these years?

A: Yes. Over the years I've simplified it. It's based more on pattern recognition of the price action alone. However the emphasis on my utilization of extremely Simplified Elliott Wave™ has become greater. My utilization of extremely Simplified Elliott Wave™ can effortlessly give you low-risk high-probability entry setups. You'll see exactly what I'm talking about during your initial 5 days. My utilization of Elliott wave specifically for daytrading is much simpler than anything you've ever seen before. And I structured it so that even if you're wrong, it can still work. It's actually pretty exciting.

Most people try hard to become good Elliott counters and fail. The way I use Elliott, I don't worry about the count. I use the pieces of Elliott Wave analysis that help me find low-risk high-probability daytrading entries and don't worry about trying to get a perfect count, because it's not necessary.

Q: Is this the complete course, or do I have to buy an additional course or an upgraded course to get the whole thing?

A: This is the whole thing. The complete course. All inclusive. You get everything you need to trade during your 5 days of One-on-One training and full year of personal mentoring, including one free calendar month of Daily Recap Webinars, which you can take at any time during your year of mentoring. If you later decide you'd like fine tuning day(s), fine tuning telephone hour(s), or continue with the Daily Recap Webinars, they're available at a reasonable fee. See our support page.

Q: If I contact you about the course, are you going to add me to a sales call list and call me all the time?

A: Absolutely not. We've never done that. If you read our home page, you'll notice we are not about hyped sales pitches. This is a decision you need to make on your own, when you're ready to commit to the training, and we respect your ability to make your decision when the time is right for you. So that when you do come, you are focused, ready and committed to learning. You'll see that we truly are concerned about you, your progress, and your success, not our bottom line.


Teaching Philosophy

Q: Is One-on-One the best way for me to learn?

A: The most expensive route is to try and figure it out yourself. The fastest and most inexpensive way is with a private mentor, One-on-One. Large groups and home-study-only don't work. They can't pick up on whether or not you're getting the concept, or pick up on psychological areas that might interfere with your success. These are only two of the many benefits of One-on-One training for a new career.

"From my professional experience and observation in counseling traders since 1994, I have found that traders who have mentors do better as traders for the following reasons:
  • Having a mentor allows traders to seek help when it is needed, which is a vital resource and one that provides traders with a competitive edge.
  • If traders are heading for trouble, a mentor can help to steer them in the right direction.
  • A mentor can save a trader a great deal of time by not having to repeat the same mistakes that he made or common mistakes that most new traders make.
  • A mentor not only saves a trader a great deal of money by preventing losses, he can also make a great deal of money for a trader by guiding him to the best trading decisions.
  • A mentor can protect a trader's career by providing him with emotional support. Even the most technical mentoring provides emotional support because it reduces anxiety, increases confidence, and allows the trader to feel that he is not alone.
  • Traders with mentors are more disciplined and good discipline is the backbone of successful trading. Good discipline comes from having a strong sense of purpose and self-worth, which are side benefits of having a mentor.
  • A mentor can steer a trader to other valuable resources that might have been previously unavailable or unknown to the trader.
  • A mentor can act as a safety valve for a trader who is feeling pressure and is unable or unwilling to share his feelings with his family."

Adrienne Toghraie, Trader's Coach, Traders World Magazine, Issue 37, page 26

Research from Dr. W. Edwards Deming revealed that 94% of all failures occur when a person is not following a time-proven system. The fastest, easiest path to success is One-on-One Hands-on training with a personal tutor that is teaching you a system that has been refined and simplified to the nth degree over many years.

Q: Why do you have one teacher per student? Many courses say they have One-on-One training in a group setting. What's the difference?

A: True One-on-One™ (face-to-face or online) training is the most effective way for you to learn daytrading. I can focus on you and adapt to your needs, especially psychological needs. This can't be done in a large group or by home-study. Group sessions and video training are extremely frustrating because they may go too slow or too fast for you and there's nothing you can do about it. There's just no substitute for One-on-One (face-to-face or online) daytrading mentoring. Long term, it's the most economical approach. And it's a lot cheaper than trying to figure it out yourself. Plus you get your computer set up correctly (something which is really impossible to appreciate until you watch it happening (face-to-face or yes, even online) and see all the setup work we do on your computer).

What you may be referring to are courses that are in a group setting with a second roving instructor going from student to student as needed for momentary One-on-One training. The problem with momentary One-on-One training is that the pace of the whole course is not focused on you and your needs, so it's not True One-on-One™ education.

"I have been using Microsoft Windows based computers for about 15 years. Among my friends and family, I am considered the expert; they usually call me when they have a problem, and I can usually help them fix it. The first day of your course raised my knowledge of computer setup and maintenance to a higher level. In addition to setting up NeoTicker correctly and providing me with 1,800 pictures of historical trades, you tuned up my Windows operating system and installed a comprehensive solution for dealing with viruses, worms, trojans, adware, spyware, cookies, temporary internet files, and hard disk management. I was impressed with the thoroughness of your setup work. After reading your article on surge protection, I bought a Zero Surge from you. I already owned an APC 1100VA Back-UPS. Obviously, this is a computer-based business, and we cannot do business if the computer goes down. My fortress is stronger than ever. You told me that some students do not understand or appreciate the importance of spending most of the first day on computer setup and maintenance. I want to tell everyone who takes this course to accept the importance of what is done on day one. Watch, listen, learn, and take notes. You need to learn how to use, maintain, and protect your computer. Over the years, I have dealt with hundreds of computer malfunctions, some minor, some catastrophic. Day one is designed to prevent most of these problems from happening. It is well worth the time and effort to accomplish this." - J. H., Indianapolis, IN

Q: Do you offer home-study?

A: The 5-days of True One-on-One™ training you'll get are necessary for your success.  Home-study-only may appear on the surface to be convenient, but it's not as effective as one-on-one training for something as psychologically intensive as day trading (which ends up being the main issue). Home study assumes that all students are the same, which isn't the case.

Additionally, most daytrading problems are psychological, not technical. You can't get psychological fine-tuning with home-study-only or group training. The 5 days is plenty of time to cover everything you need. We'll be able to help you a lot during your 5 days. It will save you a lot of frustration and money and get you going much faster. We get to know you and can thus better help you if you were to have a psychological-based problem during your year of support.

Q: Is there additional training after my initial 5 days of training?

A: Yes, there sure is. After your initial 5 days, you will begin the 3 Steps, which is a proven process to internalize everything you learned while you were here for your 5 days of One-on-One training. The Home Study Manual is designed to be your guide for this portion of the training, so you're not wondering what to do on the following Monday. You'll know exactly what to do.
In addition, you will have three months membership to the Daily Recap Webinars. These webinars have helped students increase their learning pace, correct misconceptions, and build camaraderie.
Of course, after your 5 days, you'll be receiving frequent emailed annotated screen shots as continuing education as well as emailin in your questions for a full year to help you succeed. I am committed to your full and complete understanding of the techniques.

"BTW, thank you for all your efforts in responding to our charts. We find this part of the course most valuable. Reading critiques of our trades helps us to continue to convince the left brain that the right brain is processing properly."
K.W. - Port Jefferson, NY

Q: You mention the 3 Steps. What do they entail?

A: The 3 Steps is a process, its our proven method to build the solid foundation for your trading career. At the end of this process, you will have spent enough time watching the market to be in tune with it, practiced the techniques enough to internalize them, and built your confidence as a trader. Equally important, the 3 steps are a real eye opener to your psychology - my students rave about how well they work out their kinks before trading real money. Here's a brief synopsis of the 3 Steps:

Step 1  In step 1, you will watch the markets (no trading) and send us one marked up entry picture per day for the first 4 weeks. We'll teach you how to mark up the live charts with its entry and your understanding of the techniques. Then you will email them to me for clarification and and we'll discuss your knowledge. I've been told this is worth thousands itself. This is critical to your success, as I'm able to instantly see on a chart picture what you're thinking, eliminate any misconceptions you have, positively reinforce your knowledge, and expand that knowledge as you progress. When you feel that you've internalized the entries, you'll take an online test and when you pass, you go to...

Step 2  In step 2 you'll be paper trading using our exclusive Trading Journal. In paper trading, you write down on a piece of old fashioned paper which entry you took, what you did for trade management, and several precise questions that challenge you to learn from each trade. When you consistently hit 90% winners and breakevens, you go to...

Step 3  In step 3, you'll be simulator trading using DTCii3Simulator with a $50,000 Demo Account. In this Step, your goal is to do everything you would be doing live- schedule, number of contracts, Controlled Distraction™ all need to be in place. When you are able to increase your Demo Account from $50,000 to $100,000, trading a nominal number of contracts, you can consider going to real money.

Q: Since this is a full year educational training course kicked off with 5-days of intensive One-on-One training, do I have to wait until the year is over to start trading with real money?

A: You start trading with real money whenever you're ready. That's typically when you can trade your simulator account from $50,000 up to $100,000. The year of support is for you even when you're trading with real money to help you continuously hone your skills. I'll be there to mentor you the entire time.

Q: With all the students you teach, how accessible are you to answer my questions?

A: We've found that the most efficient way to get your questions answered is by email support. During the day, I am usually training a student or trading myself or both, and answering emails is one of my Controlled Distractions. But, if you have a quick question that is better explained by phone or have an immediate need, give us a call. Amy is available for student support and can handle most questions, and can consult me or arrange for us to talk. We know the ablility to converse with your mentor about questions you have after the training completes, especially when you're trading live, is worth thousands of dollars, but is included in the price of the course. Some students have requested more time intensive fine-tuning sessions, which are available through paid support, see support.
Also, if youre participating in the Daily Recap Webinars, you can ask any question during the webinar. This is also beneficial to your fellow students, who might not have thought of that question.

Q: I'm still working and my schedule doesn't allow me to watch the market live yet. Can this course still work for me?

A:Yes. The first two of the 3 Steps don't require live data, so with Neoticker's playback feature, you can watch the market any time, replayed as though it is live. You can even speed it up to condense the day into what time you do have. And, if you're unable to participate in the webinars, you can still replay them later at your convenience. However; when you get to the third Step, you'll need to do some schedule adjusting, preferrably to watch the morning session (9:30-11ish EST). By doing this in your Simulated Trading, you've set an established routine, so that when you decide to go to real money, the money factor is the only change.

Q: After the year of included support, can I purchase continuing trading techniques support and updates for as long as I want?

A: Yes, you sure can. Although we train you to become an independent trader, no longer needing us or anything else, we realize some traders may want help later on or simply want a connection. So, we offer various continued support options at reasonable fees. And, once you're a DayTradingCourse.com student, you can take advantage of this support whenever you need it, whether it be long term, short term, on and off, or even years in the future. Details are on our support page.

"I learned a tremendous amount during the year-long course with you. But in addition to that, I've found your on-going support to be essential because you're continually updating, refining and adapting your methodology. Staying current with these developments gives me a constantly improving edge in daytrading." - F.P., Manasquan, NJ


Trading Philosophy

Q: Exactly what approach do you use towards daytrading? What works and what doesn't work?

A: I teach you how to develop your own daytrading skills rather than relying on a computer. The computer is relegated to the position of an assistant. Your right brain is infinitely more powerful than any computer, so that's what you should be developing. Relying on indicators alone is an archaic approach.

An even worse approach is trying to have the computer tell you what to do (e.g., mechanical daytrading systems that attempt to give you buy and sell signals -- if that worked, you could hire a secretary to trade your system, and I seriously doubt anyone would).

You'll learn my own version of Elliott Wave, Simplified Elliott Wave™, since Elliott is one of the few things that's based on a constant: human emotions. I also use back-to-basics pattern recognition. Many of my patterns help you gauge, at a glance, the emotional content of the market.

The most important thing you'll learn is how to to minimize losses:

  • "As you know, my first rule is to not lose money. Losing an opportunity is minor in comparison, because there are always new opportunities around the corner." - Burt Dohmen's Wellington Letter, February, 1999, p. 5

My whole underlying focus is on low-risk high-probability entries. For example: If you lose $X and then risk another $X to enter the next trade and make $X on that trade, then you're only back where you started financially, but you're emotionally drained. So you can see very quickly that the key is to use low-risk high-probability entry techniques. It's imperative to be focused on not losing money rather than focused on making money. That's not a contradiction. And yes, it does make sense. We'll go over the math behind why this is true while you're here.

Q: How do you enter a daytrade and have low initial risk?

A: There are three main ways to enter the market.

  1. Trading range breakout.
  2. Trend following.
  3. Entering immediately after a reversal into a new trend.

The first has too much risk and can whipsaw you in today's markets. It frequently gets you in late and thus you swap potential profit for real risk - not good. This is what most other folks teach.

The second is what we focus on.

The third, entering immediately after a reversal to get you in as close to the beginning of a new trend as possible, used to work quite well, but we have fine tuned it so that what we now do is briefly wait and take a trend following entry right after the reversal to increase the reliability. Low risk. Low stress. High probability. That's what you'll learn.

Q: I've always heard that picking tops and bottoms is risky.

A: I've heard that too. When you learn how to spot and confirm reversals shortly after they occur, you'll wonder where these guys are coming from. And consider this: when you enter a few bars after a reversal, you're getting in on the new trend near its beginning, so you can have a profitable position before the "experts" get on board. And if you do get stopped out, your loss will be tiny compared to the experts' losses. (And you're not counter-trend trading or scale trading...which is getting in before the reversal.)

When you make the market "prove itself," as most systems do, you're getting in late and missing a good chunk of the move.

Q: Are your daytrading techniques applicable to other futures contracts, stocks, or mutual funds; and longer time frames?

A: Yes. My techniques for daytraders are based on pattern recognition and crowd psychology and thus are flexible, adaptable and versatile. They're usable on stocks, the popular QQQ's, SPY, and DIA, ETF's, all futures, Forex (FX) currencies, and even mutual funds, on any time frame. If you position trade stocks, you can use the exact same techniques you use for daytrading, and we'll set up those charts in your computer for you. Charts for all these tradable products are already made and will be put into your computer as part of the course. No extra charge. We also include annotated chart pictures of products other than the Emini's for training purposes.


Pitfalls of Mechanical Systems

Q: What about mechanical daytrading systems vs. discretionary trading?

A: Mechanical daytrading systems dont work over time. Heres a partial list why...

  • Most people never follow mechanical daytrading systems mechanically. They modify them as they go along. So theyre never used as mechanical daytrading systems. The worst part about this is that daytraders second-guess them. If they second-guess them based on pattern recognition, then the logical question is: why don't they simply learn pattern recognition instead, and skip the mechanical daytrading system.
  • The maximum intraday drawdown on almost all mechanical daytrading systems is higher than most people will tolerate. So they quit using them or second-guess them.
  • The number of consecutive losing trades in most mechanical daytrading systems is higher than most people will follow. So they quit after several consecutive losing trades and miss the next daytrade which is the winning trade. It happens all the time.
  • If there really were mechanical daytrading systems that worked, the big players would have already paid a few million for them.
  • All mechanical daytrading systems are based on a linear world. A simple linear math approach to predicting prices has never worked and never will. It assumes the past will be repeated in the future. Thats not reality. We live in a non-linear world, of course. And although the future may be similar to the past, its different enough that computer generated trades won't work, long term. However pattern recognition does work, long term, as a daytrader's brain is highly adaptable.
  • Most mechanical daytrading systems are curve fitted regardless of the claims of the promoter. That's why they come out with new versions each year.
  • Why do people program indicators and mechanical daytrading systems instead of learning chart patterns? Its Psychology 101 avoidance behavior. They are avoiding trading and developing pattern recognition skills by falling back into their comfort zone, programming. Programming isnt trading. Programming and daytrading are mutually exclusive activities.
  • If someone buys a mechanical daytrading system and it doesnt work, this is also explained in Psychology 101. The buyer slips into the victim role. Instead of blaming himself for buying the mechanical daytrading system that doesn't work, he shifts the blame to the programmer. Searching for the mechanized holy grail daytrading system has always been an exercise in futility. So why join the sheep when you could be the shepherd.
  • The Bottom Line? Trading is an art. Art forms are never mechanized.

Pattern recognition (discretionary trading) is much simpler and much more fun. You're actually using your brain, which is far more powerful than any computer. Does that mean you shouldn't use indicators? Yes, because you can see what they can see, so you don't need them. What about indices? We use one for confirmation. We don't use indicators because they aren't necessary and most people fall into the trap of trading indicators rather than trading the price action.

  • "In my experience working with some of the world's finest traders, I have found that purely mechanical traders often have a short shelf life. On the other hand, intuitive discretionary traders can stay in the game because their trading is unique." Adrienne Toghraie, Psychological Trading Coach, Trading On Target, Issue 20, p. 2.

Q: OK, I agree, mechanical daytrading systems don't work long term. But what does work?

A: Trading is an art. It requires learning trading basics, pattern recognition, using one index three different ways, and honing your intuition based on seeing patterns. Intuition is nothing more than your instincts once you've internalized all this. Everyone in every profession naturally develops intuition. How does Michael Jordan know how to shoot the ball? He just knows. Mechanical people have difficulty accepting this until they see how easy and simple intuitive trading really is. Then they'd never go back to a mechanical daytrading system.

Since almost all mechanical system daytraders end up second guessing their mechanical daytrading system, or applying "exceptions," what they're really doing is using their pattern recognition skills and instincts. And then they see good entries that their mechanical daytrading system doesn't give them. Do they take them? Usually not. If that's the case, then why not just learn what works up front and skip the mechanical daytrading systems? In fact, most good intuitive daytraders find that the mechanical daytrading systems ultimately hold them back.

There is no shortage of mechanical systems (software) available that will give you buy and sell signals. Their claims are certainly enticing. However the profits they generate are almost always for the seller of the software, not for you. They appeal to the subconscious desire of traders to take a short cut to profitability. Our approach uses a much more powerful computer than the one sitting on your desk. Our students tell us that after learning our Simplified Elliott Wave™ pattern recognition techniques, they wonder why anyone would ever consider a mechanical software system. In summary, your brain and pattern recognition skills are far superior to computer software mechanical systems.

Once you know the basics, you'll have your own personal daytrading methodology for whatever market you want. You'll become a successful daytrader.

Good trading starts out as a left brain exercise as you learn the mechanics. Once that's internalized, the intuitive right side of your brain effortlessly takes over. All good traders are ultimately intuitive. I've found that intuition (your instincts based upon pattern recognition) is a large part of most successful traders' personal methodology. I'll teach you how to develop your intuition.

You can go into the spatial world of the right brain where everything happens at once and you get the big picture instantly (the Ah Ha reaction), or you can go into the linear world of the left brain where it divides into individual items and you have to deal with them one at a time.

As many have said, "Intuition is the ultimate indicator."

  • "Although we spend most of our lives in classrooms where we learn to develop our intellectual left brains, the irony is that the most important decisions we make in our lives are ultimately related to our intuitive hunches and gut feelings, rather than logical, rational thought. Intuition is defined as the capacity to make a correct decision with insufficient rational information. Interestingly enough, our left brains may tell us the facts of a situation, but our body's intuitive wisdom always wins." -- Mona Schulz, M.D., Ph.D.

Q: So you don't teach mechanical daytrading systems?

A: That's right. I don't teach mechanical daytrading systems or methodologies because they don't work long term. I teach basic pattern recognition techniques which have been refined over 16 years, combined with strict risk control.

When you combine all this with your intuition (which I'll teach you how to develop), you will automatically have your own personal daytrading methodology. It will be dynamic and adaptive, which is exactly what you want.

There are 3 primary setup patterns, plus 4 different types of confirmations by one index that will allow you to see the market as you've never seen it before. It's not vague. It's so clear that it will leap off the screen and grab you by the throat.

It's a combination of patterns and index confirmation easy to learn yet flexible enough to adapt to changing market conditions.

One of the most consistent techniques I've found over the years is Elliott Wave. Luckily it takes a little time to learn, so most people give up on it. That's good, because we don't have to worry about everyone using it and thus reducing its effectiveness. I'll teach you how to use Elliott in a way that no one else teaches, Simplified Elliott Wave™. I make it simple. Very simple. And one of the nice things about Elliott is that if you really know how to use it, you can have the wrong count and it still works. Sounds contradictory, but it's not. You'll see exactly what I mean during your initial 5 days. By the way, the reason Elliott Wave is so consistent over time is that it's based on human emotions and crowd psychology. Human emotions and crowd psychology have never changed.

Another interesting point is that many people put indicators and other lines on their charts that actually hurt their ability to see the flow of the price action. That's right. Most people inhibit their ability to see the price action by adding unnecessary indicators and other lines on their charts. articles I'll show you 30 screen shots of exactly what I'm talking about while you're here so that you don't make this mistake when you get back home. This is a very common mistake that you'll avoid. (There's a lot more to this self-sabotage subject which we'll also cover during your 5 days.)

I get phone calls all the time from my students telling me that they're finally in control for the first time.


Tuition and Scheduling

Q: Why is your fee so reasonable for such intense, personalized daytrading training, complete computer setup, your charts, and a full year of mentoring?

A: It's a fair price and we enjoy the interaction with other traders.

  • "In trading, one idea, one new way of profitable trading can be worth a fortune over your lifetime." - J.W. Dicks

Q: Can I have a friend train with me?

A: Although we prefer to teach one person at a time, if you have a compatible trader friend you want to train with you, we can accommodate both of you. Please ensure that you and your trader friend complete your own applications, indicating you are training together in the comments field. You will both receive the exact same training, mentoring, and support, including setting up both of your daytrading computers (whether face-to-face or online).

Q: My wife doesn't quite understand what trading entails, and I'd like her to join me in the training, but not become a student. Is this possible?

A: Its important to have support, especially from your spouse. Frequently we hear students advise that his or her spouse just doesn't understand or appreciate what the trader is doing. Many times, the spouse unknowingly undermines the trader's efforts. So, we now offer an extremely reduced rate for your spouse to audit the course alongside your training. Not only does this provide your spouse with an experienced understanding of the trader's life, stresses, and goals, not to mention knowing exactly what you are doing, but we also provide him or her with ways to actively support you in your trading endeavors. If you would like your spouse to join you on your training week, simply indicate your spouse's name on your application and have your spouse complete one as well. Please see the application for pricing details. (We're sorry, but this offer is strictly limited to spouses only.)

Q: Can you teach me in my home?

A: Yes, pricing details are in the application.

Q: Can you teach me over a long weekend? Or a 3 day weekend and then a 2 day weekend?

A: Yes, we can adapt to most any schedule. If you need to split up your training week, we have found students do better when they have their first 3 days together. You can schedule days 4 & 5 anytime within your year of mentoring. Call us at 770-382-9656 (Eastern Time Zone) or email us to discuss your needs.

Q: Can I train for the week, then after going through the post training steps for a month or two, return either face-to-face or online for another week where we do nothing but trade together so I can fine tune my skills?

A: Yes, we offer fine tuning/refresher days, on a per day basis - take as many or as little as you need. And, for your convenience, we offer them in-person or online. No matter what the reason, once you're a student, this service is available to you should you need it. For example, sometimes the demands of life take priority over trading (and everything else), and often a refresher day is just enough to refocus your return to trading. Pricing and details are on the support page. This service is available to DayTradingCourse.com students only.

Q: After my training, can I get you on the phone for a couple of hours in the morning session and/or a couple of hours in the afternoon session for fine tuning purposes?

A: Sure. Although everything you need to know will be taught during your 5 days, we do offer fine tuning hours to all students. And, like the refresher days, once you're a student, you can take advantage of this service if you ever you need it, even in years to come. Pricing and details on how it works (using GoToMeeting with phone), are on the support page. This service is available to DayTradingCourse.com students only.

Q: Who should I call to schedule my training?

A: Call us at 770-382-9656 (Eastern Time Zone) or email us.  Kathy Martin and Amy Figueras are my assistants and handle scheduling.

Q: What are the hours of class?

A: The training is Monday - Thursday, 9:30 to 4 Eastern time (market hours), and on Friday from 9:30 to 2. (If you train in your instructor's home, this gives you time to catch a late Friday afternoon flight.) We encourage you to join in the Daily Recap Webinars during your training week, which begin at 4 and generally last an hour.

Q: Where is the class taught?

A: If you train online, it's taught in the comfort of your home via the Internet. If you train in-person, in one of our locations in the U.S. and Canada, call 770-382-9656 for details. If you train with me, this is my home and home office:

home office

Q: Where's Cartersville, Georgia?

A: It's a NW suburb of Atlanta, Georgia, a little over an hour from the Atlanta Airport, north on Interstate 75 towards Dalton, Georgia (the carpet capital of the world), and Chattanooga, Tennessee. Click here for an area map.


Common Questions

Q: I do pretty good in simulated trading, but when I switch to real money trading, my win/loss ratio crashes. Can you help me with this during our week together?

A: Yes. Part of the course is teaching you techniques to use to bridge from simulated trading to real money trading. This is a common problem area, as your psychology changes when you switch to real money, even if you've been hitting 90% winners on the simulator. We have several time-proven techniques to help you with bridging.

Q: Is it possible for me to conduct a modest amount of business if I train in-person? Would that be too disruptive?

A: Feel free to conduct a modest amount of business if you're training in-person in your instructor's home. With One-on-One instruction, our time is flexible. You'll have access to incoming and outgoing fax and we can give you a phone number to use for incoming and outgoing phone calls.

Q: I'm trying to decide between training in-person and online. What are the advantages/disadvantages of each?

A: The advantages to training in-person is that you get that more personal connection - face-to face, you and Paul spend nearly every minute together, including lunch, which allows for more discussion time. Also, when here, students can focus easier during the training and in the evenings when doing the homework because they are away from their daily distractions.
The main advantage to online training is the travel savings. One disadvantage to online training is the lessened interaction. You'll still spend nearly every minute together, with the exception of lunch - you'll break for lunch and meet back. Paul includes conversation time during the online training to build that personal rapport, so you're still developing the student-mentor connection, but it is harder for him to tell if you're "getting it", as in person, he can tell from looking at you if you're not getting it. Also, for our worldwide students the time difference; you will need to train during market hours. Of course, we can adjust the schedule slightly to help you, but eventually, you will need to be on the market's schedule for live trading.
For both training options, you receive all the same course material, it is taught the same and your understanding is tested effectively - just using different methods of delivery.

Q: If I train in-person, do you have wheelchair access?

A: Please inquire if you need wheelchair access by phone at 770-382-9656 or email us. Either I or one of my instructors in the U.S. or Canada can probably accommodate you. Or, of course, you can train online or we could travel to you. See the application for travel to you details.

Q: What do we do for lunch?

A: If you train in-person, we go out to eat at any local restaurant you want, depending upon what type of food you like. We typically discuss trading psychology and other trading insights over lunch. If you train online, we simply take a break for lunch.

Q: What's your background?

A: I'm a 1968 VMI Electrical Engineering graduate, a Member of the Institute of Electrical and Electronic Engineers (IEEE), a Microsoft Partner, a Certified eSignal Educational Partner, a TradeStation Solution Provider, a keynote speaker at trading seminars, author of trading articles and manuals, a Vietnam Veteran, a Member of the Association of Former Intelligence Officers (AFIA), a second-degree karate brown belt, an Extra Class Amateur Radio Operator N4LCD, a Certified BBQ Judge for the Kansas City Barbecue Society, have been investing and trading since 1991, and day trading since 1993. My instructors were former students that I asked to assist me. They are located in the U.S. and north of Toronto, Canada.

 

Q: I already have a trading platform that I like and am used to, and I like 1 minute charts. Can I use it or do I have to use Neoticker and do I have to trade 30 Second charts?

A: Since the techniques work on all time frames, you can use any data feed and any charting program you want. I prefer Neoticker and recommend it, but have trained a small number of students with other charting software and have no problem adapting to whatever time frame and charting software you prefer. That's the beauty of True One-on-One™ training.

 

Q:I feel like I'm fortuitously stumbling upon you. Why haven't I heard about you in the trading chat rooms and forums?

A: Well, its pretty simple. Chat rooms and forums have their purpose, but most public trading chat rooms are filled with struggling traders and a few not-so-humble-know-it-alls. The profitable, really successful traders don't have time for or interest in them. I certainly don't. Also, I teach my students to avoid chat rooms, that their intraday chatter is distracting and destructive to good trading. So, its not likely you'll find any DayTradingCourse students in there.

Q:I've followed you for years, checking your website, called a few times, still preparing for trading as my next career. Over the years, I've seen small classified ads, an article here and there, but you really don't do alot of advertising. Even your website is more mellow than the others I researched. Why is that?

A: Ah, yes, this question I usually get from my students after they've taken the course... they say "If only you would advertise, do this, and that, etc." They are right about the potential I'm sitting on. And I do want to share my methods, but only with people who really want to learn, who are dedicated to becoming independent successful traders. I personally teach you everything you need to know, give you all the tools, mentor you, and support you for a full year to help you achieve that goal. That's my part, but there's work to be done on your part; being receptive to learning is just the beginning. I only want serious traders. I don't want to waste my time, or yours, if you're not willing to do your part. 'More advertising, making this a bigger business, turning my course into a gold mine'... all suggestions from my students... isn't what I'm about. I love trading. I also enjoy teaching, meeting new students, and the personal interaction. I enjoy my lifestyle, relaxed and balanced. Turning my course into a student mill doesn't serve you, the student, any more than it would serve me. Afterall, big business is the opposite of why I got into trading in the first place.


Contact Info

Paul Quillen
Etowah Valley Inc.
dba DayTradingCourse.com
35 Alex Drive NW
Cartersville, GA 30121
770-382-9656 (Eastern Time Zone)
770-456-5214 (24 hour FAX)
Email us


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Paul Quillen, Founder and Instructor
Mickey Young, Instructor
Etowah Valley Inc.
dba DayTradingCourse.com
35 Alex Drive NW
Cartersville, GA 30121
770-382-9656 (Eastern Time Zone)
770-456-5214 (24 hour FAX)
Email us

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