Frequently Asked Questions (Click on the Question to Reveal Answer)
Q. Can I trade more than 30 to 60 minutes a day?
A. Yes. You can break it up into two sessions if you like. Perhaps a morning session and afternoon session-make 2 point each session.
Q. Can I trade for more than two point a day?
A. My E-Mini trading course has advanced material for those who WANT to trade all day and earn more than two point a day. That’s fine to do, as long as you stick to the rules and not deviate from the trading plan. I personally do not advise it. The high side of the daily goal, four points, should be enough for most traders.
Q. Can I use this with Eminis other than the S&P?
A. Yes! my method works great with the NASDAQ Minis and the Dow Minis.
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.
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. Sniper Day Trading will give precise entry points that are highly accurate.
Q. How much money do I need to start?
A. Most brokers require a $5000 starting balance to begin. Amp Futures has a lower minimum opening balance of $ 2,000. That is very tight and offers little room for error, but it can be done if you have excellent discipline and really grasp the method. Following the rules for profitability is a must. Daily loss limit a must and may even have to be tightened to 3 points from 4. That is a daily loss limit of $ 150 dollars for the day. The worst you could do on any one day. So with discipline, focus and the right person, it is possible.
Q. Can I really make an income with a $5k balance?
A. Absolutely! Assuming you can follow the rules! If you can’t, then you will not make it, plain and simple. The choice, decision and outcome are up to you. You will have all that you need to make it. My method works, there is no doubt in my mind. The daily “Turning Points” video’s I do will be an incredible help. If you can build your contract size to just 4 contracts in 4 months time. Increasing your size just one contract per month over 4 months, you will be at a annual monthly income equivalent to making 100K per year, with averaging just 2 points per day. Some days you will hit 3-4 because the market will just give it to you, before you close the trade. That will make up for days you may fall behind. So again, yes it is possible.
Q. Can you recommend a good broker?
A. Yes, Tradestation Securities is the data vendor I use and also the broker, two in one. I have found that these guys are one of the best in the industry and have a very easy trading platform to learn. I recommend them also because it is easier and better to build your screen the way that I have it. We will be using the same platform and format.
Q. How much are commissions?
A. Commission are $2 dollars to buy and $2 dollars to sell per contract. It could be a little more or less depending on the volume you trade.
Q. How long will it take to learn this method?
A. I believe if you read the manual and watch the included videos, you will be underway to learning the Sniper Day Trading method within a week or two. You really need to review the daily trade videos and you really need to trade the simulator first. I will not tell you how long to trade the simulator, because everyone is different. You may need more than two weeks of simulated trading or just a couple days. Any experienced trader will be ready in a few day or so. The method is not hard to understand and apply, most people will grasp it quickly.
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.
Q. You mention discipline quite a bit. Why?
A. It’s that important. You need to be disciplined to follow the rules to the letter. That’s why I highly recommend listening to my “Mental Exercise Program” often. As mentioned I will be coming out with future releases of this and make them available to partners at no extra cost to them.
Q. Can I skip trading for a few days 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.
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 cannot afford to lose. If you cannot make a one time payment, you may not be ready for trading!
Q. How much can I expect to make in a year?
A. Great question. Personally I consider a $100,000 + a year good income for most people. Following my plan and trading 1 contract to start, and adding 1 contract after every $1500 profit,(every three weeks at 2 points a day) you could be earning well over the above amount a year in a very short time. Trading only up-to 4 contracts at 2 points per day would attain this goal. This is a very conservative approach and one that most should consider especially if you are new to futures trading. Everyone is different. If you do not follow the rules and lack discipline, all bets are off.
Q. Do I have to install your software on my computer?
A. No. I do not sell software! I am selling education materials only. If you don’t have a data package and broker, I really recommend Tradestation. They have it all, they are not perfect, but they have all the software you will need. My custom indicator can be set up on your screen without to much trouble and I can help with that if you need it.
Q. What if I lose my 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. It’s 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. I also recommend a battery back-up/surge protector in case the power goes out while you are in a trade.
Q. Will I make money if the market keeps going down?
A. Sniper Day Trading method allows you to profit from up and down markets! Go to the beginners page and read about shorting the market!
Q. Do you offer training after market hours?
A. I do offer an after hours market training to those who need it, but cover a lot of material in the daily video’s I put out after each trading session. This is usually a recap of the trading day and signals generated. I will schedule LIVE TRAINING WEBINARS occasionally as needed to help partners better fully understand some advanced features and how to read price action.
Q. Do you offer a live trading room?
A. Not at this time. I will be considering this in the near future, but not yet.
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