To view the contents of this post, you must be authenticated and have the required access level.

To view the contents of this post, you must be authenticated and have the required access level.

To view the contents of this post, you must be authenticated and have the required access level.

Jeff Quinto’s new Foundations of Futures 12-part video course is designed to dramatically help:

• Newer traders looking to start their professional futures trading career in the most efficient manner; and
• Struggling traders looking to move from frustration toward trading success.

Jeff has been called “America’s Preeminent Futures Trading Mentor“. For the first time, he offers you the benefit of his 37 years of successful futures trading expertise in a 12-video course so that you can learn at your own speed in your own time at a fraction of the one-on-one charge to work with Jeff individually.

The 12 videos include:

Four Steps to Success in Futures Trading - Success starts with a mindset. We start by establishing that mindset as well as how to set yourself up for success.

The why and how of using a futures trading simulator – The trading simulator should be an important tool in starting your career as a professional trader. Learn how to use it to your maximum advantage.

My Theory of Trading – Jeff explains his personal Theory of Trading to help guide you to your own. You may decide to use Jeff’s theory as your starting point.

Develop a customized trading plan using Jeff’s Trading Plan Template – The Trading Plan including specific setups will be given to you in a clear, understandable fashion. From this day, forward, you will have your own professional Trading Plan.

Setting up your charts to execute the trade setups from your new Trading Plan – Jeff shows you exactly how he sets up his charts and how he uses them to signal the setups he shows you.

The Method to My Madness – Jeff’s Five Steps – Jeff explains the step-by-step process that this course envisions in helping you go from a new and unsure trader to a confident professional, one step at a time.

Immediately and profoundly – A good trade works immediately and profoundly. See how this mindset can help you advance in your trading.

Programming Confidence – Learn how to program yourself for success even before you attain that success.

Grading Your Trading – Learn how to monitor your progress and how to grow from an “F” trader to an “A” trader one grade at a time.

The Eight Steps to Success in Futures Trading – Lastly, you will learn what you will need to do to become the long term success in trading that you want.

For a limited time, the $1,295 Foundations of Futures12-video course will be $995. This is a $300 savings. Also, included is 3 months of Full Access Membership in professionaltradermentoring.com, a $150 value.

For further information, e-mail info@professionaltradermentoring.com or call +1-312-685-5333.

I had some fairly awful jobs when I was working my way through college.

My longest running job during college was delivering 160 pound soft-water tanks into people’s basements while their dogs snarled at me. 

The oversized metal tanks I lugged into the houses made the dogs absolutely crazy.  I remember a big German Shepherd viciously biting the tank I was holding at the same time the lady of the house was telling me not to be afraid of the dog.

However, as bad as I may have thought my soft-water tank delivery job was, it does not compare to the job of the Chinese soldier, pictured at the left. 

Can you imagine a less appealing job – holding up a target while other soldiers shoot at it? 

At least it does not take much effort and it is one of the few jobs in the Chinese Army that allows, even encourages, you to sit all day.

Using targets in trading can be like that – easy to do, but leading you nowhere good.

By definition, targets limit your performance if you rely on them as your sole method to exit trades.

Traders often gravitate to using targets for exits because they see the market go in their direction, only to retrace and take back whatever it gave them.   A target seems to allow you to cash in a profit before the market takes it away from you.

In other words, by using targets, you can sit all day and not have to make a decision about which trades to let run and which trades to exit early.

However, just like the Chinese soldier you are likely to miss out on the fun and you could even end up getting hurt.

The market will give you a few ticks time and time again.  I call this the “easy money”.  Traders sometimes think getting the “easy money” is the path to success.  They just try to get the “easy money” again and again.

Getting a few ticks over and over may be easy to do, but it is not the path to meaningful success in trading.

Success in trading is found when you become skillful at exploiting the market when it is rewarding you.  Success comes from letting runners run.  But, finding runners is hard and, for newer traders, it is nearly impossible.

So, what should you do?

I teach traders in my Electronic Trader Mentoring Program to use both targets and runners in their exit strategy. 

We take off half a position for a few ticks.  This “easy money target” gives us a chance to cash in on the quick ticks the market repeatedly gives us.

We leave the second half of the trade on as a runner.

Of course, we seldom get the runners to run.  That is the reality of runners, even for experienced traders.  But, the “easy money target” allows us to put some ticks in our pocket to finance our trading while we await the occasional runner. 

When you get a runner to run, it changes everything. 

One meaningful runner a week can make your trading worthwhile.  A handful of runners a week can supercharge your trading.

The target as part of an exit strategy makes sense when used in conjunction with a runner, not as the sole method of capturing profits.

Meaningful profits in trading come from exploiting the market through letting winners win.  Runners are not easy to find, but they lead to success.  Sitting there watching the target may seem easy, but it leads nowhere you want to be.

Wishing you success in your trading,

Jeff

1-312-685-5333

Jeff@professionaltradermentoring.com

Copyright ©2010 by Jeff Quinto, all rights reserved

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I will never forget the day a few years ago when I was watching the risk in our proprietary trading firm. It was a quiet, nondescript day.  Like all days, I was watching our firm-wide P&L like a hawk.

All morning our P&L was up $3,000 to $5,000.

We had 25 traders trading mostly Eurex Bund, Dow Jones EuroStoxx 50 and DAX. No single trader was ahead more than a couple of thousand and none were behind more than a few hundred.

Just another normal, quiet day…

or so I thought.

Then I looked at my P&L screen and saw that we were no longer up $5,000, but we were down $10,000 then a second later we were down $50,000, then $110,000.

I raced out of my office and asked the traders what was happening in words not suitable for polite company.

The traders replied similarly that they did not have a clue, but the DAX and the Dow Jones EuroStoxx 50 were in free fall.

Seconds later when I looked at my P&L screen, it showed us down $215,000 for the day.

Almost all of the loss was from one senior trader, Jeremy, who had a modest-sized Dow Jones Euro Stoxx position of 20-30 contracts that had gone horribly wrong.

By the time I talked to Jeremy, minutes later, the market had started to rebound and recover some of the loss. Jeremy and I agreed that he would let the market rebound, and when the rebound stalled, he would exit the trade.

The market continued its rebound for a few minutes until, unbelievably, Jeremy exited the Dow Jones EuroStoxx 50 trade with a comparably modest loss of $5,000.

Jeremy did exactly what we had agreed.  The rebound stalled and he got out.

He took a $5,000 loss when we could have lost over $200,000. Most traders would have waited the few more ticks to get out even, but Jeremy got out when the rebound stalled, as we agreed.

The market never recovered to where it started the plunge and, after Jeremy got out, the market took another dramatic plunge lower.

Had he waited to get out without a loss, he would have faced a loss of not a few thousand dollars, but tens of thousands.

Shortly after Jeremy exited his trade, we heard that a German bank trader had oversold a position in the DAX by thousands of contracts causing the precipitous drop in prices.

What began as a mistake ended up starting a drop in the market that lasted for days. What the error in the DAX revealed was the weakness in the market and the ease with which it could fall.

This reminds me of Thursday’s 998 point drop in the DOW.

Everyone is asking, how could this happen?

This may eventually reveal a lot about the systematic weakness in electronic markets, but, to me, the most important thing it reveals today is how easily the market falls. The market has tipped its hand and shown us the path of least resistance.

Just like Jeremy and my experience with the DAX error, what starts as a random event may reveal a great deal about the future direction of the market.

It is more important to learn from the price action than it is to figure out why it happened.

We just need to be aware of the path of least resistance.

To find the path of least resistance to success in your trading, you should look into my Electronic Trader Mentoring Program.

Wishing you success in your trading, this is Jeff Quinto

Copyright © 2010 by Jeff Quinto, All rights reserved

Jeff Quinto’s new Foundations of Futures 12-part video course is designed to dramatically help:

• Newer traders looking to start their professional futures trading career in the most efficient manner; and
• Struggling traders looking to move from frustration toward trading success.

Jeff has been called “America’s Preeminent Futures Trading Mentor“. For the first time, he offers you the benefit of his 37 years of successful futures trading expertise in a 12-video course so that you can learn at your own speed in your own time at a fraction of the one-on-one charge to work with Jeff individually.

The 12 videos include:

Four Steps to Success in Futures Trading - Success starts with a mindset. We start by establishing that mindset as well as how to set yourself up for success.

The why and how of using a futures trading simulator – The trading simulator should be an important tool in starting your career as a professional trader. Learn how to use it to your maximum advantage.

My Theory of Trading – Jeff explains his personal Theory of Trading to help guide you to your own. You may decide to use Jeff’s theory as your starting point.

Develop a customized trading plan using Jeff’s Trading Plan Template – The Trading Plan including specific setups will be given to you in a clear, understandable fashion. From this day, forward, you will have your own professional Trading Plan.

Setting up your charts to execute the trade setups from your new Trading Plan – Jeff shows you exactly how he sets up his charts and how he uses them to signal the setups he shows you.

The Method to My Madness – Jeff’s Five Steps – Jeff explains the step-by-step process that this course envisions in helping you go from a new and unsure trader to a confident professional, one step at a time.

Immediately and profoundly – A good trade works immediately and profoundly. See how this mindset can help you advance in your trading.

Programming Confidence – Learn how to program yourself for success even before you attain that success.

Grading Your Trading – Learn how to monitor your progress and how to grow from an “F” trader to an “A” trader one grade at a time.

The Eight Steps to Success in Futures Trading – Lastly, you will learn what you will need to do to become the long term success in trading that you want.

For a very limited time, you get the Foundations of Futures12-video course.

And, included is 3 months of Full Access Membership in professionaltradermentoring.com, a $150 value.

For further information, e-mail Jeff@JeffQuinto.com or call +1-312-685-5333.

“would have happily paid $2,000 to hear Simon’s presentation“.

You can hear what Simon has to say for a fraction of that!

Earlier this year, hedge fund manager Simon Townshend presented a private webinar to traders in my Electronic Trader Mentoring Program.

In his presentation, Simon revealed an amazing secret that he has been using in his own trading to great effect.

Most traders develop their techniques around chart patterns or a range of indicators.

Simon’s approach is quite different.

He argues that as supply and demand are the only factors that actually move a market, it is pointless doing anything else other than measuring supply and demand..

The problem is that most of us don’t know how to do that.

According to Simon, most of us have been looking in the wrong places!

But what Simon revealed at this webinar was a series of examples of exactly how he can and does do this.

It is a technique he calls “looking behind the chart” to understand the balance, the presence, or the absence of supply and demand. This is truly powerful and several attendees have since reported how they have been able to watch this in action and how it has changed their view of how markets move.

Simon’s 82 minute presentation is available at the low price of $149.95.

“Thanks to Simon for creating the brilliant presentation and charts!

Simon pointed out that looking for supply and demand pressures in the unique manner he has discovered can at the very least keep one out of some losing trades. Simon’s method will be of great use to me inthis regard. It’s a heretofore missing, yet essential, key for verifying good vs questionable “continuation” and also reversal trades.

Actually, what Simon described for us in the webinar is deceptively simple. He underscored for us the fact that supply/demand dynamic is really the crux of the matter, and being able to spot the “footprints” is really valuable. Also, Simon’s vivid disdain for indicator-itis is most refreshing…” J. Blythe

For a free preview video, click here.