Membership FAQ's
The most frequently asked E=MC2questions:
1. What experience is required to trade E=MC2 - E=MC2 is for the beginning and experienced trader alike. A less experienced trader will benefit because of less preconceived notions about trading. A more experienced trader will benefit from understanding and appreciating all the powerful principles incorporated in the E=MC2 Method. If you have never traded before, you will have to familiarize yourself with the basics of the E-Mini market, Charting, Order Entry, etc.. Once this foundation is in place, E=MC2 is truly for every type of trader who wants to learn a unique approach that puts you in great position to trade successfully for a lifetime!
2. Is E=MC2 a mechanical system? - The best answer is yes and no. Most mechanical systems are the result of computer optimized back-tested data and therefore do not adapt well to changing market environments going forward. The strength of these systems is that they provide a level of consistent execution. E=MC2 combines the best of two worlds. You must consistently apply a set of rules, but these rules adapt to changing market conditions! To this end, E=MC2 carries the "scientific" strengths of mechanical systems, and the "art" strengths of learning how to trade, and trading becomes dynamic as each day brings its own unique set of developments to the table.
3. How long will it take to master E=MC2? - The E=MC2Method is not difficult to learn. The philosophy and tactics of E=MC2 are presented in a very clear and concise manner. Also, there are many charts posted in the members section so you can follow the trading principles of E=MC2 going forward. That said, there will certainly be a learning curve associated with successfully putting E=MC2 into use. In almost every case, the most difficult part of successful implementation will have to do with the conviction to enter the trades when E=MC2 signals develop in front of you. This may sound simple to overcome, but it is not. It is a human nature issue for virtually every trader, regardless of the method being traded. You will master E=MC2 only when you can trade the E=MC2 signals without hesitation, or fear, when they develop!
4. How much time is required to trade E=MC2? - E=MC2 is designed for both the full-time and part-time trader. By no means will you have to sit in front of your computer screen at every moment of the day, nor should you. It is actually quite important to take frequent breaks to clear your mind while trading in order to maintain a fresh perspective on price action as it unfolds during the trading session.
You will have plenty of time to attend to other matters during the trading day. Great signals develop all day long with E=MC2. It takes just seconds to check the screen to see if E=MC2 trades are developing, and it is easy to anticipate the times you will need to get ready to act. The bottom line is E=MC2 offers tremendous flexibility, and caters to traders who prefer to trade often , and to traders who prefer to be more selective, or don't have the time to trade all day.
5. Does the E=MC2 track record reflect real, or simulated trading results? - The E=MC2 track record reflects all of the actual trades that develop each day, applying the E=MC2 trading rules listed in the manual. The track record lists every possible trade setup for the day. The E=MC2 manual discusses in great detail the highest probability setups to take, and why. For instance, the highest probability C1 trades are always the first ones that develop after strong volume confirmation. The highest probability C2 trades always take place near big picture support or resistance. The track record highlights realistic fills, and conservative interpretations for entry and exit for each trade. The results posted in the E=MC2 track record shows the tremendous potential this method offers. Most traders do not take every trade signal listed on the track record, although there is no reason you couldn't do this if this fits your trading style. The track record offers an excellent way for you to monitor your mastery of the E=MC2 method. As you compare your actual results to the track record, day in and day out, you can decide for yourself if you are taking enough trades, the right trades, etc. No two traders will ever trade the E=MC2exactly the same, because every trader has their own trading style, personality and comfort level, etc. Again, this is a strength of E=MC2 - a flexible approach that can be used by all types of traders.
6. Why does E=MC2 cost less than other courses. Is E=MC2 not as good as other methods? I had to think long and hard about answering this question appropriately, because I really want everyone to understand this. I am a trader just like you, and I know this methodology works. I’ve been at this for a long time, and have worked with many of the other methods out there. I can truly say I’ve seen it all- from books, to courses, to trading rooms, to monthly subscriptions, to everything in between. Here are the facts. There is no one best way to trade, and there is certainly no Holy Grail to Trading Success. Many approaches can work, but you need to be consistent and do a lot of things right (trade management, execution, trading plan, etc.). Also, you need to find an approach that fits your style and personality. That’s why we show all the trades for this method, each and every day. If these types of trades don’t seem to fit your style, or risk tolerance level, etc., then this method may not be for you, plain and simple. For instance, maybe you prefer to swing trade in longer timeframes and not trade in and out so fast during the day. There is no right or wrong answer. The strength of E=MC2 as a day trading approach is that it offers something for everyone. You can trade as frequent, or infrequent as you desire. You can trade with a single contract set or a multiple contract set and scale out if you like. Every option is explained in the manual, and every trader can take the same consistent, structured material and make it his or her own.
One of the biggest goals here is to tell you the truth about trading - the easy parts, the difficult parts, etc. The E=MC2 manual is filled with much of this information . Such information would have helped me greatly when starting out, and I know how valuable this information is for all traders.
So the story is this. I know I have something very valuable to provide to those who aspire to trade successfully. I could never sell something like this if I didn’t believe in it 100%, or if I didn't trade it myself. I actually enjoy helping others, getting positive feedback, etc. and I certainly feel I am entitled to make some money for compiling years of hard earned experience into material that I know can make anyone a successful trader. Most important, I know that anyone who buys E=MC2 and commits to putting it to proper use, will make back their investment many, many, times over! I would actually feel very guilty if this didn’t happen for anyone who purchased this material, so if you can show me that you just cannot see all the great trades that setup with this approach. time and time again, according to the rules, then I will do eveything I can to help you. I am here trying to lay everything on the line in every way I can think of, and I never want to decieve anyone in any way, either with regard to what this method is, or with regard to what this method can offer.
Along these lines, I am starting out by charging what I consider to be a very fair and reasonable price for this material to make sure those who buy it can comfortably recoup their investment in a very short period of time!
If everyone succeeds with E=MC2 as I expect, then I might consider new pricing later on, again making sure that pricing is always fair with respect to the buyers return on investment.
This is how I used to view trading information I purchased- Could I make my money back on investment relatively quickly, and is it somethng I can use on my own, and not be attached to the seller for the rest of my life, either though continued subscription rates, or black box approaches that put me at the sellers mercy. I was never comfortable with any of these conditions, and I didnt want to turn E=MC2 into that type of product.
So that’s where things stand right now. Again, I know you will be very pleasantly surprised if you decide to invest in E=MC2. What you need to do is look at the trades for E=MC2 each day, and decide if these trades not only provide the potential for you to recoup your intial investment quickly, but also can take you way beyond this so you can trade successfully with this approach, on your own, for the rest of your life!
7. Can I contact other traders using this method for a “referral?” – I understand the intent of this question. You want to know if other traders are successful using this approach, and if so, can you be successful too. Remember, no two traders will ever trade E=MC2 exactly the same, and it will be most important for you to do your own research to tailor the method to your own individual trading style.
The single best measure of the potential for this method lies in viewing the track record of trades listed here on the website! These trade setups are the same for every E=MC2 member! As you view the track record for these trades, day after day, you should see the probabilities are very high for you to succeed once you understand the rules, and take the trades.
Also, I am always concerned on how you are doing, and any help you may need along the way. With that in mind, and as a way to share with you what other traders are thinking about E=MC2 (while still respecting their privacy), here is an example of a recent email correspondence I had with a current member regarding feedback to the manual, and my follow up regarding how he was putting the method into “actual use,” etc. This should give you an idea about how others feel about this material, and what you can expect not only in terms of actual trading information, but also in terms of follow up correspondence that you can expect long after you receive the material.
“Steve- Thanks for so promptly sending me the manual which I received on the 14th. Eagerly awaited and it was no disappointment. It is a winner, a 9.2 rating on a scale from 1 -- 10. The meat and nuts and bolts to your method of trading are enough on their own, but to combine it with such a meaningful explanation of what good trading is all about is terrific. The moving averages are wonderful; and in general I have always, always had trouble with pullbacks. Always getting pushed out like a beginner with fear riding on my shoulder. No matter how many years of trading. I was 'selling' when I should have been buying! What a revelation!! The ' volume' is a new paradigm for me. I admit it. And I love it! And you have shown me the Proper Way to look at the big picture. And to incorporate the short, medium and long term views. I'm man enough to admit that also. While it looks easy, not I, nor zillions of other traders, have seen this avenue to travel.
Only disappointed that I cannot offer any helpful suggestions, as you write well and seem to have covered everything with rational discussions so that one may integrate this method of training into his “cerebral spaces.” I am doing my homework and rereading the manual. And will reread again. Your posting of the trades and charts with your thoughts is a major bonus for all of us. No one else does this or has such a fabulous record as you put up. I sincerely wish you the best in your health and endeavors.”
I returned an email thanking him for his kind remarks, and asked how his actual trading was going? Was he taking many, or few trades? Was the understanding of market structure clear to him, etc. etc.? Here is the response:
“Steve, Yes to your question if I've started with the structures(s) you have given birth to. I find it successful and am really thrilled with its approach. I read the manual more than once and certain parts multiple times. The examples were most helpful. Then it all comes together as you predicted and becomes more 2nd nature and easier to "see" as the market unfolds.
Of course, one should really truly do a little homework, and then, just like learning chess or some other intellectual game like bridge or gin rummy, it comes together.
I cannot spend all hours with the market and that is another bonus, so to speak, because there are so many pullbacks coming down the pike every trading day. Yes, some days are without a trendy situation, even today is little tough. And this is on a day when I had more time than usual. But to take small losses is honestly a wonderful thing because no one knows when the bigger one is to occur. And, so far I am in the plus column, since starting 10 days ago. Really happy, happy!
The counter trend situations are terrific. Though I needed like most everyone else, an insight as to how to SEE it. So that is big time that you would post that for us. I will have some questions and glad you're there, if need be.
(Second Email) I meant to include a response to your question that in my case I am taking all the trades that I see when I get away from the business I am in. And since I can come back every 15-20 minutes (if not more on some days) to the room where the computer is, that means I am trading about 70 - 80 % of the trades that show up on the trades that you list.
Oh that list is important to me. And now I'm right there, maybe a bar or two early, or a bar too late, and the same with exiting. But that goes with Trading 101, and I'm certainly getting better. Something to strive for. Just excited to now see potential setups coming and knowing what to do without a lot of wondering about it. Very stress free trading after many years of just the opposite feelings for me. It's a cool approach to seeing the market clearly. And not getting bombed out with every pullback. Now I look for pullbacks, watch the 18 and 89 automatically. And keep one eye on the 1500, and volume, and long-term Moving Average. IT IS FUN!”
Obviously, I am very pleased, but not surprised, by this type of response and feedback to the E=MC2 method. I just know that if anyone can commit to following the market using this approach (It is not the Holy Grail, but a consistent way to view the market day after day) and patiently wait to take the best trade entries and exits according to the rules, then the odds are strongly tilted in your favor to succeed!
That is what the E=MC2 trading method is all about!
A BOOK EVERY TRADER SHOULD READ!
"Buy the book Market Wizards if you want insights into the thought processes and trading rules of highly successful stock, option, and commodity traders." ---- Wall Street Journal
It is important to remember that E=MC2 is the final outcome of the usual evolutionary process that most traders and trading methods seem to go through. This includes reading virtually every book available on trading, subscribing to many popular market letters, and at some point, trying to implement virtually every approach to trading there is. Hours are spent pouring over charts, studying indicators, etc. - all in an effort to uncover the "Holy Grail" to trading success.
Often, the more time devoted to studying the markets, the worse real time results become as information overload confuses more than it helps. Perhaps the biggest reason traders have a hard time breaking through to the winning side is that they are never trading with any type of a cohesive plan, or insight into market action.
There is one source of valuable information every trader should get his/her hands on- the book "Market Wizards- Interviews with Top Traders" by Jack D Schwager. Out of all the books on trading, this is one of the very best. E=MC2 has taken many of the principles contained in this book, and applied it to its methodology. Here is a small sample of brief quotations taken from the book and embodied in an abbreviated Q & A format - highlighting just some of the extremely valuable information you will find within the book.
This information, from some of the Worlds' Top Traders, has not only greatly influenced the development of E=MC2, but can also be applied to any other trading method as well. Again, if you plan to trade, this book is a must read, and contains some of the best information on trading you will ever find!
Q- Is being a trader an innate skill? - "I think to be in the upper echelon of traders requires an innate skill, a gift. It's just like being a great violinist. But to be a competent trader and make money is a skill you can learn."
Q- What are traits of traders who make it? - "They are strong, independent, and contrary in the extreme. They are able to take positions others are unwilling to take. They are disciplined enough to take the right size positions. A greedy trader always blows out."
Q- What mistakes do novice traders make? - "They personalize the market. A common mistake is to think of the market as a personal nemesis. The market of course is totally impersonal- it doesn't care whether you make money or not. Whenever a trader says, "I wish," or "I hope," he is engaging in a destructive way of thinking because it takes attention away from the diagnostic process."
Q- What are your key trading strategies?- "The market being in a trend is the main thing that eventually gets us into a trade. Being consistent and making sure you do that all the time is probably more important than the particular characteristics you use to define the trend. Whatever method you use to enter trades, the most critical thing is if there is a major trend, your approach should assure that you get in that trend."
Q- What trading rules do you live by? - "The most important trading rule is to play great defense, not great offense. Every day I assume every position I have is wrong. I know where my stop risk points are going to be. I do that so I can define my maximum possible draw down. Hopefully I spend the rest of the day enjoying positions that are going in my direction. If they are going against me then I have a game plan for getting out. I never add to a loser."
Q- What are the elements of good traders? - "The most important thing is to have a method for staying with your winners and getting rid of your losers."
"The elements of good trading are 1. Cutting losses 2. Cutting losses and 3. Cutting losses. If you can follow these 3 rules you may have a chance."
"Successful trading is a matter of trying to avoid losses but not being afraid of them. I'm not afraid to lose. When you start being afraid to lose you are finished!"
"Clear thinking, ability to stay focused, and extreme discipline. Discipline is number one. Take a theory and stick with it."
"The most important is discipline. I am sure everyone tells you that. Second, you have to have patience-if you have a good trade on, you have to be able to stay with it. Third, you need courage to go into the market and courage comes from adequate capitalization. Fourth, you must have a willingness to lose- that is also related to adequate capitalization. Fifth, you need a strong desire to win."
"Being a successful trader takes courage- the courage to try, the courage to fail, the courage to succeed, and the courage to keep going when the going gets tough."
Q- Why traders lose? - "They overtrade, which means they have to be right often just to cover commissions."
"They trade too much. They don't pick their spot selectively enough. When they see the market moving they want to be in on the action. So they end up forcing the trade rather than waiting patiently. Patience is an important trait many people don't have."
Q- What is your advice to novice traders? - "Perhaps the most important rule is hold on to your winners and cut your losers. Both are equally important. If you don't stay with your winners, you are not going to be able to pay for the losers."
"Trade small because that's when you're as bad as you are ever going to be. Learn from your mistakes. Don't be mislead by the day-to-day fluctuations in your equity. Focus on whether what you are doing is right, not on the random nature of any single trades outcome."
"Limit losses quickly. Most traders' hold on to their losses too long because they hope the loss will not get larger. They take profits too soon, because they fear the profit will diminish. Instead, traders should fear a larger loss and hope for a larger profit."
Q- What are some of the methods you incorporate into your trading?-" Over time I have become more mechanical since 1. I have become more trusting of trend trading. 2. My mechanical programs have factored in more tricks of the trade. I still go through periods of thinking I can outperform my own system, but such excursions are often self-correcting through the process of losing money."
"There is a great deal of hype attached to technical analysis by some technicians who claim that it predicts the future. Technical analysis tracks the past-it does not predict the future. Technical analysis reflects the vote of the entire marketplace, and therefore does pick up unusual behavior. Studying charts is absolutely crucial and alerts me to existing disequilibria and potential changes."
"I am primarily a trend trader with touches of hunches based on about twenty years of experience. In order of importance to me are: 1. The long-term trend 2. The current chart pattern 3. Picking a good spot to buy or sell. Way down in very distant fourth place are my fundamental ideas and, quite likely, on balance, they have cost me money."
Q- What are some of your biggest strengths as a trader? - "I think one of my strengths is that I view anything that has happened up to the present point in time as history. I don't really care about the mistakes I made three seconds ago in the market. What I care about is what I am going to do from the next moment on. I try to avoid any emotional attachment to the market."
"I prefer not to dwell on past situations. I tend to cut bad trades a soon as possible, forget them, and then move on to new opportunities."
"I am able to separate my ego needs from making money. I am able to accept being wrong. For many, admitting you are wrong is more upsetting than losing money."
These questions and answers only scratch the surface when it comes to all the valuable information contained within this book. "If you want to read about how some of the world's most successful traders have amassed their fortunes, and hear the secrets of how top traders have achieved their trading success, then you must read this national bestseller!"
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