It’s been a while since you were last in the room. How has your trading been?
Looking back on the last few months since the program, I’ve been at an 82% accuracy rate. This is the number of profitable trades versus the number of losing trades on an average monthly basis over four months. I am trading more consistently than I ever have before. This figure covers my time learning to use the methods on real markets, so it’s possible that it may go up as I iron things out. Yeah, taking part in your program was the best decision I’ve made in terms of trading. I’ve added a couple contracts too.
Was the Mentorship Program what you expected?
The video recordings you provided of each training session were immensely helpful for reviewing later. No one else does this. I liked that we looked at the day’s charts each time. Having the written version of the courses was also very helpful. After the program, I went back a few times to review the videos and written courses. But yes, the live format of the room and your instruction was great.
What originally held you back from joining the Mentorship Program?
One of the reasons why I postponed the move from automated systems to your coaching program was because of the idea of having to change software. I had seen that most of your videos used NinjaTrader. Even though I now use Ninja exclusively, my prior trading philosophy had centered around execution speed. I heard that NinjaTrader, at the minimum, had 100ms of delay built into its charts. Since I used automated systems on platforms where speed was never above 40ms, doubling the latency (I felt) was a surefire way to be left behind. Also, I didn’t want to learn new software if I didn’t really have to.
What do you think about execution speed now?
It’s still important, but you teach a way to read the candles and predict where price is headed. Since I am trading manually now, and with better success I might add, a few milliseconds in difference doesn’t really matter. The added ability to change broker accounts, clearly see price plot and other reasons more than make up for the difference.
Can you provide an example of how a typical trade works for you now?
Sure. I use about five of the methods taught in Mentorship on any given day. I always have an eye on the charts looking for one of these setups to occur. My favorite is the Roadmap Trade. Since this setup requires a good amount of candles to prove the pattern exists (and price is ready to go where we expect), I am very comfortable with it. My brain is on autopilot looking at these charts now. Yes, in any case, once I see the pattern, I know where to place my profit and stops for the Roadmap. The same is true for the other methods.
What would you like to say to other traders who are on the fence deciding whether to participate in Mentorship?
Do it. Now is a great time to start and you’ll thank yourself later. Automated systems have that curb appeal, but realistically, you have to have multiple strategies in mind to take action at any given moment. That’s what you teach and it isn’t exactly “turnkey” as another trader pointed out. With that said, with a bit of patience and practice, it’s possible to make a living day trading. I know because I’m doing it. It’s rewarding and fun to see price line up in your patterns time and time again and know exactly what to do.
Thanks for taking the time, Craig. Don’t hesitate to contact me if you have any questions about anything you learned!
Yes, will do. Thanks and take care!
A new session of Group Mentorship begins August 15, 2012. All courses and software are included and taught during the eight weeks of live training. Reserve your seat today!