THE ULTIMATE DAY TRADING METHOD
EMINISCALP EDUCATION
THE EMINISCALP GOAL:
An excellent method for both NinjaTrader and Sierracharts.
Although trading is a profession, it is also a skill. An advanced skill level is attained through practice, effort, time and dedication, and this holds true for a variety careers and interests. You may know how to drive a car, but can you drive it at Nascar. You probably could if you had the tools and practice. So, as in driving, there are a variety of levels of trading. Just because you trade does not necessarily mean you are doing it successfully. You may have three charts on 3 different screens, and when the lines cross on all 3 charts, you enter the trade. Sometimes it works and sometimes it doesn't. I don't think you have to be a market guru to be a successful trader, but I do believe that you need to understand some basic fundamentals of the market. These basics can only be obtained through screen time and practice. I won't go into what "basics" we look at because this is the basis of our trading. For example, if we get a setup for an entry short, there may be a rule that we follow that tells us that we may not want to enter. What we look at is common sense stuff, but many traders may lack the understanding of these basics because of the method or system they have been trading. So, for those who ask just how long it takes to learn the EMINISCALP method, the answer lies with you. Some get it very quickly, like a few days, or even sooner, and others longer. Our setups are just outstanding and in most cases, you enter without a question. But there may be times when an entry may not be advisable. This is the market sense that assists you in becoming a successful trader. These are the areas we work on.
It normally will take a strong personal desire to become successful, no matter the profession or career chosen. The person must dedicate her or himself to do what is necessary in order to achieve the desired goal. There is usually a financial obligation that is associated with attaining those goals. A trading career is no different. Trading is a profession, not a hobby. There is money at stake and accounts can be wiped out in a very short time. Many of those who choose to become traders will start part-time while they continue working at their present job. In the majority of cases, this is acceptable and a good way to enter the profession. It is equivalent to working and going to school. You certainly would not want to quit your job before you learned how to trade successfully. There are those who email me and ask just how long it takes to learn how to trade. That is a very difficult question to answer. It depends on you, and how much time you have to devote to learning. How dedicated are you? How disciplined are you? I ask this because once someone is out of the "learning" mode, it may take a while to get back into it. It also may take time to rid yourself of any questionable trading habits and traits that you have acquired over the years. A student just out of college may learn faster only because he or she may still be in the learning mode, although there may be exceptions to the rule. Another motivator for one to become a trader is the current employment situation. If your job is on the line, or if you are unemployed, these conditions could be the boost you need to move ahead. So, back to "how long will it take". I have been trading for over 10 years and it was about 4 1/2 years ago that I discovered the EMINISCALP method. I was getting desperate and thought I would never be able to get a handle on it. It should not take you nearly as long as it took me to learn, but once again, this depends upon YOUR motivation. With EMINISCALP, I have cut the learning curve down considerably. There are EMINISCALP traders who understand the method almost immediately, there are some traders that get going in a week or two and there are those who take longer. I do not know your personal schedule or your personality traits. EMINISCALP is very simple and certainly effective. It is unlike most of what is out there right now, and as such, it may take time for you to give up all that stuff the does not work. Giving up all those indicators may be difficult because you were taught that you need "confirmation". No you don't. There are methods available that cost $2000, $3000, $4000, or even $10,000 and more. They may supply a thick manual and tons of DVD's. This will keep you busy for a very long time. Then, when you still are unable to trade successfully because of confusion and overload, you will blame yourself because you will think that you just don't have what it takes. I believe that this is the game plan of many vendors. They make their money selling you stuff, not trading. The only real way to learn to trade is to have a method that works (EMINISCALP) and to have the screen time so that you can experience the action. I am a teacher, going on 41 years now. I spent a lot of years in school and a lot of money to get my degrees. I really did not learn how to teach until I was in the classroom. That is where the action is. My EMINISCALP method works great as it gives you the ability to enter the trades in excellent areas while also assisting you in determining target areas. But nothing, absolutely nothing, will teach you about market movement like experience. The more you do it, the better you become. No method in the world will enable you see to the market any differently. We all see the same thing, no matter what method you are using, but EMINISCALP knows how to make what we see work for us. Education costs money. Every now and then I will get an email asking if it is possible to make a living trading and in the same email they say that my price is too expensive. So, someone who wants to learn a profession that can sustain them for the rest of their life believes my price is excessive; that borders on illogical. Try trading without learning. Continue to use the same old stuff. I am sure that most traders have blown through 10 times my price in bad trades. I have a method that works, but it is up to you to follow the simple rules and put in the necessary screen time. What I charge to learn is minimal compared to the potential that exists. My price is minimal compared to what others charge. Is trading successfully a real possibility? ABSOLUTELY. Can most traders be successful? I would like to think so. It just may take some more time than others. If you dedicate yourself and don't give up, then I believe you will be rewarded. The good part of all of this is that EMINISCALP will give you the edge. One chart, simple rules and exact entries. You will know your target areas which means you will know your potential profit. You do not need all of the extra stuff. It is not necessary. Most all of the methods and systems available are the same. The crossed lines, fibonacci's, indicators, market delta, market profile, break out trading, time and price, the multiple charts, etc. and the list goes on. But, if any of what I have just mentioned works consistently for you then stay with it. In the majority of instances, they don't work. What the market is about is price and that is what you should be watching. Price is real time, not lagging. EMINISCALP has a way of determining price direction a very high percentage of the time. One thing to consider is if any of the usual trading methodology worked you would not have over 90% of traders experiencing consistent losses. The "equipment" you have been using is not working. In regard to the 10% of those traders that are supposedly profitable, which I doubt very much, but if they are, then how are they doing it. Well, they are either EMINISCALP traders or they have very deep pockets and are using very large stops. Logically, if these successful traders are using what you are using and they are truly profitable, then it must be the stops. There are very few traders that can have stops as big as their account size. I don't recommend stops any larger than 5 ticks. The traditional methods and systems are not working, and they never really did. But, there is hope, there is EMINISCALP. Remove yourself from all of the overload and stress and join our team.
IF YOU ARE GOING TO USE THE SAME THINGS, YOU WILL GET THE SAME RESULTS.
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