Author Archive

Eat like a trader!

Click here to look at how traders on Wall Street in New York eat, according to this Bloomberg report. I cannot speak for the breakfast and lunch places in the report, but I have eaten at the Smith and Wollensky’s in New York and Chicago. Steak with lobster on the side – I approve, but my cardiologist may not be so enthusiastic. As to my favorite places to eat in Chicago, my friend Craig Glicken, then a trader in the NASDAQ pit at the CME, and I used to go to lunch at Nick’s Fish Market, Smith and Wollensky’s and at Shaw’s Crab House. I remember going for Nick’s $20 lunch special and spending $100 with no alcohol. We used to spend the afternoon in Shaw’s Bar sampling every variety of oyster on the menu. Those were the days!

Extreme Sports and Trading at the April $aturday $trategy $ession

$aturday $trategy $essions are private monthly webinars exclusively for traders in my Professional Trader Mentoring Program.

Days to take off guilt free – Humphrey Hawkins, two days, twice a year

Twice a year, the Federal Reserve Chairman gives a report to, first, the House Banking Committee and, then usually the next day, to the Senate Banking Committee.

This testimony was started during the Carter-era as part of the Humphrey-Hawkins Full Employment and Balanced Growth Act of 1978. It continues twice a year, two days in February and again two days in July. These are low-probability days to trade as the market jumps every time Bernanke says one thing and, then another.

My advice is that these four Humphrey-Hawkins days are good days to take off from trading guilt-free.

If your work isn’t working…here’s a solution from Simon Townshend

I doubt many traders would disagree with me when I say “This is tough!” In fact this is about as bad as I have ever seen it for short term trading and understandably many traders are feeling disillusioned. There is every reason to feel disillusioned, it is our job to trade but the markets are not conducive to providing payment for our efforts.

But there are two reasons to keep our spirits up as much as possible: There is a simple formula for working through such times, and Better times are on the way

Simon’s survival formula Read the rest of this entry »

Watch this and, then, watch how much planning it took

(click here to see the video if picture does not appear below)

When you watch this video, you are likely to be amazed that this guy actually jumps off a cliff and flies through the air.

But, that is just part of the story.

Watch the entire video and see all of the planning that goes into it and look at the after analysis. He does not “just” jump off a cliff and hope for the best.

Everything he does is according to his well-thought plan.

Success in trading requires every bit as much planning, but most traders just “jump off the cliff” with no real plan.

They just the hope that things will work out.

Of course, without the kind of detailed written trading plan that is necessary (and that I teach in my Professional Trader Mentoring Program), traders are just jumping off a cliff and hoping.

My name is Bond, Jeff Bond

Can you picture yourself as James Bond in a tuxedo sitting at the Baccarat table at the casino in Monte Carlo with a beautiful girl by your side?

jeff_at_the_bacarat_table.jpg

I can. The first time I was ever in a casino, I wanted to be just like James Bond. Read the rest of this entry »

Best wishes for a happy, healthy and prosperous New Year

I hope that you and your family enjoy a wonderful holiday season together.

My thanks to all of you who have made 2011 another successful year as we have grown together.

For me, the best part of my mentoring is that I get to help serious traders advance in their trading and along to way they become my friends. Thank you all for your friendship.

Wishing you a happy, healthy and prosperous 2012,

Hello Jeff: This is a quick note before the year is over just to THANK YOU for a wonderful experience in 2011 and to wish you and your family the VERY BEST FOR 2012!!!!. So far getting to know you and being able to work with you has been a great experience for me.  I am looking forward to continue working in 2012 and to keep in touch after the program is completed! THANKS one more time and BE WELL, Ernesto.

Maximizing 2011 – data mining for fun and profit

Several years ago, I attended a luncheon meeting at the Economics Club of Chicago in which Bill Gates spoke.

I had never heard Gates speak in person and I was ready to hear all about the newest software and latest technology.

Much to my surprise, all Gates talked about was what he called “data mining”.

Gates thought data mining was important. He said that by analyzing data collected throughout your business, you could find revealing insights leading to improvement.

Although I did not fully understand the importance of data mining at the time, every year since then I have seen dramatic examples of how mining the data from your trading can lead you to important discoveries.

One dramatic example Read the rest of this entry »

The deck is stacked!

I have heard dozens of traders lament that the market is fixed.

They believe the deck is stacked against them.

I have a very different view of the market.

I believe the market is designed to pay you money.

I agree the market is fixed – that the deck is stacked.

It is stacked in your favor if you do three things:

Read the rest of this entry »

The market has the memory of a dog!

Fritz the wonder dog!Everyone I know who owns a dog thinks that their dog is the smartest dog that ever lived.

They think their dog remembers everything that happens.

Take my neighbor’s dog Fritz as an example.  Fritz is smart, but his short term memory is hazy at best and his long term memory is almost nonexistent. The markets have a memory just like Fritz.

The more in the past a price is, the less likely it is to be helpful in making trading decisions.

However, just like a dog owner’s belief that his dog remembers things, many traders memorize past prices in the hope that the market will repeat itself in the future.

Traders have told me triumphantly that the market bounced off last Tuesday’s lows or rallied to Friday’s high.

Maybe it did.

But Read the rest of this entry »

About the author

Jeff Quinto has been called "America's Preeminent Futures Trading Mentor". Jeff is a 40-year veteran futures trader, former CME member and a world-class trading coach. He has coached hundreds of futures traders, including traders from Hong Kong, France, China, England, Australia, the US and Canada.

Jeff strongly believes that professional traders are world-class competitors, comparable to professional golfers, top tennis players, and Olympic athletes. None of these competitors could have achieved their top-ranked status without first having a world-class coach.

Jeff is that world-class coach for futures traders.

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I am the first to be surprised by this outcome: I am doing something I could only dream of just five months ago. Andrea Cullati, Milan, Italy



"Your mentoring is the best antidote for unsuccessful trading and I plan to succeed so best take full advantage. Never had that kind of support from those other so-called trainers." AB



I just completed Jeff's program and without a doubt, Jeff has set me on the path to success. What he taught me in three months would have taken me years to learn. Mark, CPA CFA



“Jeff, your enthusiasm is contagious. I have never had more fun trading until now. Mentoring with you was a fantastic experience” Gregor Cotman, Slovenia



“Jeff, you are the perfect trading coach with your years of trading experience, your years of coaching traders, and your years of being a great person to talk with.” Rob Wilkes



“His style is completely professional, so the critiques of my trading development are completely objective and I believe that’s why I’m evolving as a successful trader.” Rob Rogers, Chicago



“Jeff, as a mentor I’ve found you to be outstanding. You believe in people and strive to create successful traders… Thanks for your mentorship” Robert Eggleston



"Thank you for a truly valuable program" Barry N. Crockett
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A word about risk
Trading futures contracts may not be suitable for all investors. You may lose a substantial amount of money in a very short period of time. The amount you may lose is potentially unlimited and can exceed the amount you originally deposit with your broker. This is because trading is highly leveraged, with a relatively small amount of money used to establish a position in assets having a much greater value. If you are uncomfortable with this level of risk, you should not trade these contracts.
For a more detailed explanation of the risk from futures and options trading click here.
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