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 »

Futures trading attracts traders looking for action, but rewards traders who have patience

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What to learn from the giant tree looming over our house when it gets hit by lightening?

I asked Andre what could be learned from the recent lightening and wind damage to a giant walnut tree next to my house.  Truth be told, I wanted to have an excuse to use the photo-shopped picture at the left.

Thanks Andre.

“The market is like the weather, unpredictable and sometimes very volatile. The tree represents an overall position in the market and the branches, contracts in different markets. No branch is the same on a tree and similarly and, hopefully, the contracts are in non-correlated markets.

The tree is a beautiful tree providing shade for the trader and his house and it took years for it to grow to its current size.   Read the rest of this entry »

Over-reliance on accuracy in trading can be dangerous!

Accuracy would seem to be a good thing.

In many professions, it is the most important thing.

(see picture at left)

However, in trading, over-reliance on accuracy can actually be destructive.

A new mentoring trader started with me last week and he showed me a strategy he had learned that generated 80% winning trades.

80% winning trades – that seems too good to be true.

Could there be a catch?

As we discussed the strategy in greater detail, he showed me the setups which seemed very reasonable – in fact the setups were quite clever.

But, then, he told me about the Read the rest of this entry »

Making the best of the worst of times

Brown County Cabin in 1969

I was the favorite grandchild of my larger-than-life grandfather. Read the rest of this entry »

Getting from the Foothills of Trading to Base Camp One

At last week’s $aturday $trategy $ession, two traders in my Professional Trader Mentoring Program talked about their path from the foothills of trading to Base Camp One.

The Mount Everest analogy is meant to describe the journey from getting serious about trading, the foothills, to the start of professional trading, Base Camp One.

The first trader who talked about his journey to professional trading was Khasan from Moscow. Khasan presented a Read the rest of this entry »

Simon’s Eureka Moment

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May you live in interesting times

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Combining Disparate Timeframes – Simon shows how

A popular topic in trading circles is the use of multiple timeframes.

Lots of traders like to use more than one timeframe to support their hypotheses and used properly such techniques can have considerable benefits.

However most proponents use relatively similar timeframes and in my opinion in doing so they are missing the true value of such an approach.

I like to use truly disparate timeframes, ones that are radically different to each other.

Copper last week gave us a timely example of this, so let’s use a real life example to illustrate the power of this often misunderstood concept. We will start with a daily chart of copper…

Our strategy gave us a buy signal at 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.

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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