This Wednesday, February 15th at 4:30PM EST we feature "Futures Market Sucks?? $$ Always by Merging Scalp & Trend Trade Management" presented by Dr. Bill McDowell of BillsRoom
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MASTER TRADER TRAINING: Learn to Trade Any Futures Market
With Virtually NO LOSING DAYS
FOR 10 YEARS BILLSROOM HAS BEEN A RELATIVELY SMALL TRADING ROOM WHERE MASTER TRADER STUDENTS STAY AND MENTOR NEW STUDENTS ALONG WITH TRADER-TEACHER DR. BILL. BEFORE OPTING TO JOIN US YOU'LL HAVE THE OPPORUNITY TO 'CHECK US OUT' BY MAKING PERSONAL CONTACTS (phone & email) AND GETTING THE 'STORIES' OF 6-FIGURE TRADERS ALL OF WHOM TRADE DAY-IN & DAY-OUT WITH VIRTUALLY NO LOSING DAYS. FURTHERMORE, YOU'LL WITNESS IN THE ROOM THEIR DAY-IN-DAY-OUT RESULTS IN VARIOUS MARKETS AND ALL MARKET CONDITIONS. IN SO DOING YOU'LL DISCOVER HOW THESE TRADERS ALL FOLLOWED THE SAME LEARN-HOW-TO-LEARN PROCESS THAT LED TO THEIR SUCCESS BASED INDIVIDUALIZED TRADING PLANS THEY DEVELOPED AND TESTED.
SPECIAL NOTE: YOU'RE ALWAYS WELCOME TO LOGIN TO BILLSROOM FOR OUR FREE WEEKLY REVIEW AND INFORMAL Q&A SESSION EVERY SAT. @ NOON Eastern. THERE YOU CAN OFTEN HAVE A CHANCE TO MEET AND PRIVATE MESSAGE SOME THESE SUCCESSFUL STUDENTS.
For access: Contact - DRWMCD@GMAIL.COM
BONUS: IF YOU REGISTER FOR THIS WEBINAR, YOU WILL RECEIVE A FREE 5-HOUR INSTRUCTIONAL RECORDING WITH ALL THE DETAILS OF HOW STUDENTS HAVE SUCCEEDED IN BILLSROOM AFTER TRYING NUMEROUS OTHER METHODOLOGIES THAT UTTERLY FAILED - DETAILS FOR WHICH THIS 1-HOUR WEBINAR SERVES AS IN INTRODUCTORY OVERVIEW.
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MASTER TRADERS ARE GOOD AT BOTH ENTRIES & TRADE MANAGEMENT IN ALL MARKET CONDITIONS: Successful traders know both how to manage entry decisions so as to limit the percentage of losing trades and how to perform Post Entry Trade Management (PETM) so as to minimize the average size of the unavoidable losers. Some traders do OK with entries but fail at PETM - especially when the market(s) they trade sucks. Outside of BillsRoom almost no one teaches PETM skills that produce consistent profitability IN ALL MARKET CONDITIONS - ESPECIALLY WHEN IT SUCKS. I'm talking about scalping, more specifically merging scalping plus trend trading. Master Traders in BillsRoom consistently trade 6-figures or more with virtually no losing days year-after-year in one or more chosen futures markets (ES,NQ,YM,TF,CL,GC,6E,6B,6J,DAX,ZB,ZN,+??) in part by mastering this method for PETM.
GOOD PETM BEGINS WITH TAKING THE 'ROAD LESS TRAVELED': Few traders understand that to master PETM you have to 'let go' of the type of thinking that stands in the way of success. WHEN MAKING PETM DECISIONS YOU DON'T THINK ABOUT WINNING AND PROFITS; RATHER YOU DO THINK ABOUT LOSING AND HOW TO MINIMIZE YOUR LOSSES. Once you 'let go' of THINKING ABOUT WINNING AND PROFITS you're ready to learn how to minimize your losses such that at the end of the day your net losses from unavoidable losing trades average less than half as much as your net profits. Think about it: when you reduce the size of unavoidable losing trades you are adding to your profits. In this sense focusing on losers and losses is the 'Road Less Traveled' to becoming a consistent winner. When you enter a trade with this type of thinking you are initially entering every trade in the SCALP MODE. However, you don't have to stay in this SCALP MODE if and when you 'see' evidence of momentum in the bars of the real time price action. You can then opt to transition to a LET-YOUR-WINNERS-RUN MODE and begin managing the trade as a trend trade. Alternatively, you can opt to continue managing the trade in SCALP MODE being satisfied with exiting a trade with relatively small moves. There's a way to master this SCALP 1st PETM skill that we will describe and demonstrate in this Webinar as well as in the free followup Saturday Session held in BillsRoom at NOON Eastern. These Saturday sessions are actually held every week and you can get free access by emailing me at: firstname.lastname@example.org. You may also request free recordings for both Webinars and Saturday Sessions.
ON THE 'ROAD LESS TRAVELED' YOU LEARN HOW GOOD PETM REQUIRES SCALPING SKILLS: Trades fall into 4 categories: losers, no-lose (breakeven/scratch), small move winners (scalps), and larger move winners (let-your-winners-run/trend). I call all trades that end up in the first 3 categories scalps, since you begin all trades in the SCALP MODE unless or until the trade moves in your favor sufficiently to be called a trend trade (say 10 ticks). If the latter happens and you opt to transition to trend PETM, then you ALWAYS move your master stop immediately to breakeven or better and manage such that it almost always results in a winner equal to or greater than the small move winners in the SCALP MODE. Trend traders typically focus only on finding good trend trade entries and manage them expecting a successful trend trade. Over my 10 years of teaching only a few students chose to limit their trading exclusively to scalping. I hasten to add that such scalpers often take successive bites out of a trend and match or beat the profits of the trend traders. The most fundamental tenet of my teaching is that both types of traders need to enter each trade in a scalp mode with trend traders opting to 'stay in longer' if and only if their reading of the real time price action merits 'less aggressive' PETM. Thus, mastering scalping skills is a means my students use to achieve 6-Figure profits with virtually no losing days. This is the process whereby thinking only about losers is translated into PETM actions.
WARNING TO NOVICE TRADERS: If you're relatively new to the world of becoming a successful day trader and are still learning more about 'technical analysis' please discover as quickly as possible the basic fallacy in using this field of knowledge for trading. Technical analysis primarily involves the study of the past history of price, time and volume of a market or markets wherein one looks for ways in which history repeats itself. If you stop there, it's quite important to understand this subject as a foundation for trading. The problem comes when traders choose to believe what others say or imply, namely that you can make lots of money by using this past data to enter a trade in real time using a past history price, time and volume algorithms or indicators as they are called. The truth is that relatively good predictors do exist. The problem is in the statistics. The probability statistics just aren't good enough to use these predictive methodologies EXCLUSIVELY to make money trading. Note the capitalized word. The point is that if you use predictive methods to create a successful trading plan, you can't rely on indicators EXCLUSIVELY. Strong statement, yes, but it's provable. Think about it. If there was one of these indicators or set of indicators that did work ALONE, this would be what is called the 'HOLY GRAIL' of trading to which all traders would flock and become successful - and we would all know about it. By this reasoning we should know THIS HOLY GRAIL DOESN'T EXIST because we are aware that the world of traders is not flocking to one of these methods that's been proven to work by all users. If by chance you're a newbie to trading and are not aware of this, it won't take you a lot of Google searching to confirm it. I've had a number of students tell me they spent years and a much money before owning up to this fallacy - and upon doing so they harbored a deep feelings of distrust for anything 'out there' that's being offered for money. I totally understand this very common feeling.
Second warning: If you do find a trading methodology that user traders appear to use successfully, they are likely addressing entries only and fail to teach you skilled PETM without which you will not be consistently profitable.
OUR 'ROAD LESS TRAVELED' APPROACH TO LEARNING HOW TO TRADE SUCCESSFULLY, IS DIFFERENT IN THAT IT'S NOT BASED PRIMARILY ON PAST HISTORY TOOLS AND RULES THAT COMPRISE MOST EVERYTHING THAT'S SOLD TO TRADERS. MY STUDENTS AND I TELL THE UNVARNISHED TRUTH ABOUT WHAT WE'VE FOUND WORKS FOR BOTH ENTRIES AND PETM. IT INVOLVES AN ARDUOUS PROCESS OF LEARNING TO 'READ-THE-BARS' (RTB), BOTH PAST HISTORY BARS IN HIGHER TIME FRAME CHARTS AND REAL-TIME PRICE ACTION BARS ON VERY SHORT TERM CHARTS. THE TRUTH IS THAT IT REQUIRES MUCH DISCIPLINED PRACTICE TRADING TIME TO DEVELOP THE SKILLS NEEDED TO BECOME A MASTER TRADER. READ THESE NON-TRADING TRADING BOOKS TO UNDERSTAND THIS PROCESS: 'THE TALENT CODE' BY COYLE AND/OR 'TALENT IS OVERRATED' BY COLVIN. THE GOOD NEWS IS THAT IN BILLSROOM MY STUDENTS AND I WILL GUIDE YOU FOR AS LONG AS IT TAKES FOR YOU TO BECOME A MASTER TRADER.
IMPORTANT CHECKBOXES FOR BECOMING A MASTER TRADER IN BILLSROOM:
1. Learn to avoid any thinking about possible profit (money) when considering a trade entry. ALWAYS keep your mind focused on the risk of a trade being a loser. Like CEO's managing day-to-day operations don't focus on the profit outcome. Rather manage a proven process that creates the profit outcome.
2. Accept the fact that successful trading requires becoming a Master Trader and the path to success is not easy requiring many hours of disciplined practice sim trading both in the live market and in Market Replay 24/7. Furthermore, commit to never trading Real-Money unless or until you establish an extensive daily sim-trading record averaging less the 20% losing trades and net losses averaging less than half of net winners along with a virtually no losing days - virtually means very few and no really big ones.
3. Learn to avoid entering a trade based primarily on past history data predicting a good, HIGH-PROBABILITY, winner.
4. Learn to base trade entries primarily on real-time Reading-The-Bars (RTB), i.e. price action, resulting in entries that FOLLOW Bulls long or Bears short IF AND ONLY IF you judge such an entry has a relatively low risk-of-loss. Use past history chart data only for judging the RISK CONTEXT of a potential trade entry and when the risk is high either avoid an entry or ensure that the real time price action offsets the RISKY CONTEXT with evidence of significantly lower REAL TIME RISK.
5. Accept that successful day trading requires developing a high level of personal discipline such that you can identify all your mistakes and avoid almost all of them. Furthermore, since trading is actually the process of making decisions, choosing not to enter a trade is trading, i.e., NOT TRADING IS TRADING - and it's often the most important decision(s) you make on any given day.
6. Understand that there are only 5 types of trade setups and learn to become an expert in one first and subsequently become expert in others if you so choose. Trade Types (independent or most often in combination): Break Outs, Reversals, Pullbacks, Special Chart Patterns, and Momentum Chasing.
7. Recognize the value in learning a trading methodology/process such as RTB that once learned for one market in all market conditions it can then be applied similarly to learning to successfully trade any futures market. This gives you the option of trading one market or multiple markets at a time. (Note that the RTB learning process is not tuned to one market even though the learning process you follow for a given market often leads you to 'tune it' for its unique characteristics.)
8. Recognize the importance of following in the footsteps of other Master Traders (traders plural and not just the room guru) who will mentor you all the way to the same success you witness them having day-in and day-out. (My students tell me this is unavailable anywhere in the world of trading outside of our group in BillsRoom.)
9. Accept that the odds are against you in attempting to become a Master Trader without personal interactive help and support from a Master Trader/Teacher along with his been there done that Master Trader students. Thus, since this is likely unavailable other than in BillsRoom, consider that spending a minimum of $3000 and lifetime maximum of $5500 is a relatively small price to pay for this kind of dedicated help and support available for as long as it takes you to become a 6-Figure Master Trader.
UNIQUE & POWERFUL TEACHER + STUDENTS MENTORING: Here are several student 'stories' all of which you can confirm in personal phone and email communications as well as public and private text messaging when you visit BillsRoom before joining. During your visit you'll also witness everyone trading with posts on their trading and answering posed questions that give you a clear understanding of how each of us trades and the how we're doing throughout the day - from 8 AM to 4 PM Eastern.
DM: ❝I am currently a master real money trader beginning January of 2013. I trade 12 instruments, ZB,NG,ES, TF,NQ,YM,DAX, NG,GC,6E,CL,6B 23 hours a week ( Mon - Fri 8 to 11AM and 2 days week 1 to 4PM) additionally. My winning percentage is over 85%, with average daily net profit exceeding net losses by over 3X.
Since early 2016 I've had my trading account linked to 3 additional linked accounts that bring my total profits (losses) to 4X what I see in my primary live 6-figure account. My goal for 2017 is to become a certified CTA and manage other people's money in a managed futures account.
I started my training with Dr. Bill in May of 2012 starting with his Basic Course. After spending about 5 months mastering this course with highly structured trading rules for stock index and currency futures in sim only trading I decided to move on to the Advanced Course that focuses initially on mastering CL trading. The reason I did to get more trade opportunities per week. After about 3 months I began transitioning to real money trading beginning my transition to real money CL trading in January of 2013 with a very conservative trading plan. Over the next 6 months, I successively transitioned back and forth to sim trading 3 times with successive modifications to my trading plan, until I became a consistent winning trader day in and day out. I focused on mastering three trade types well, practicing them over and over in both Market Replay and live market trading.
When I was training to become a master trader I spent most full days in BillsRoom and then performed market replay trading an additional 2 hours most nights. Also I viewed the course training videos, asked tons of questions in the room and by email, and attended weekly Dr. Bill's after-market mentoring sessions where I received personal mentoring - who by the way is a proven high 88% winning trader day in and day out, year in and year out.
If you consistently show up open minded and understand you will not learn to be consistent trader in just a month or two, you can become a master trader like I did. The only difference between you and me is TIME!!!! Dr. Bill has the uncanny ability to teach and trade his own account live in room. He is very patient, prompt in his responses back to you and thorough. He's willing to go over the same thing over and over until the light bulb goes on. He takes great pride in seeing his students succeed. He is quiet but realistic. If becoming a master trader was easy, all traders would be consistently profitable. Just like school you must learn before you earn, set realistic goals and then work hard to master the read the bars technique that Dr Bill teaches. He is a rare trader who walks the walk as a consistent winning trader who can teach you to become a master trader if you're WILLING to put all your baggage aside and start with open mind. I am not sure how long he will continue to teach, but I am completely independent of him and I am proud of that - and so is he, since this is his goal for students.
I also enjoy the fellowship and mentoring other students in BillsRoom. The biggest challenge all of us share in the room is learning to let go of past trading education that did not work. The second biggest challenge is learning to release bias once in a trade. Getting wisdom of how to overcome fear and greed demons is huge as well. Learning to read context and focus on one trade at a time, learning to trust yourself and your results after thousands of trades. Developing a plan in sim and then transitioning to live money takes a lot of self confidence and you must find a style that suits your personality and risk tolerance. I am forever indebted to Dr. Bill that is why I like to give back by giving my time in the room. I encourage you to join us if trading is a passion of yours and want to become a consistently profitable trader day in and day out. I have only had 2 losing days this year and it has been more than 6 months since then. Today I was 20/1, 11/8/2016, It was Election Day - when most traders probably did not even trade due to perceived increased risk.❞
AUDIO RECORDING OF 'DM's JOURNEY FROM STRUGGLING TRADER TO MASTER TRADER: Here's a free download link to an interview made soon after DM became a Master real money trader. He's an ophthalmologist who sold his practice after transitioning to real money trading and now splits his time trading 23 hours a week and working the remainder as an ophthalmologist. He typically attends Webinars, and frequently attends Saturday Sessions, where he'll respond to any of your questions, in public posts or via Private Messaging.
❷ DP: ❝I'm a Master 6 Figure real money trader in CL, NQ, YM, ES, GC, NG, 6E (90% of my trades are in CL & NQ). I've been trading real money since March 2015. I typically trade from 9 am - 2:30 PM EST averaging 25 to 30 hours per week. My Win/Loss averages 75% and my net profits average 3.5X my Net Losses. I've had no losing days in all my real money trading. (1 breakeven day early on).
Prior to real money trading I sim traded for approx. 3 years, perfecting my skills at a pace I felt comfortable with. There were some interruptions due to managing a neck pain issue. I started out learning to trade the Forex Market in 2008. My early training gave me the foundation and understanding of how markets work. Learning the importance of Support & Resistance in trading has served me well, and is something I continue to use today.
I struggled for a long time like most aspiring traders do. I decided that I needed to stop trying to create the wheel and find a trading community that was trading the way I liked to trade and offered the help and support I needed to reach my trading goal. I came to the realization that I didn't need to be good at trading a dozen different methods and/or changing methods every couple of days/weeks/months. I committed myself to getting really good at just one method of trading, and trading what I saw the easiest. This calmed me down and gave me the ability to focus and learn at a faster pace than ever before. Now I was in the game, becoming a serious player. As the small successes came, my confidence grew and I was able to transition to real money trading.
Dr. Bill has been an excellent mentor. I honestly don't feel like I would have been able to make a successful transition to real money as early as I did (if at all) without his knowledge and help. As with any trading course out there, not everyone will agree as to which one is better than another. I suggest that you find one that agrees with your personality and style of trading. Fortunately for me, I found Dr. Bill and his trading room (BillsRoom) through a current student I had met elsewhere. I attended one of Bill's free Saturday sessions and new immediately that his method of trading was a perfect fit for me.
One of the many great benefits of being a member of Bill's Trading Room is the knowledge and helps you receive from other students. Everyone has a genuine interest in you and your success. I took advantage of the opportunity this presented and met with several students throughout my learning process via phone conversations, Skype calls, and emails to discuss what they were doing, what was working for them and what was not. Having access to this close knit community of like minded traders is priceless.
I'm a big believer in giving back and paying it forward. Over the past couple of years I have been helping other students in Bill's Room and will continue to do so.
The training and help offered by Bill McDowell is top notch. He spends countless hours mentoring his small group of students while he trades throughout the day. As a part of Bill'sRoom you see the results of his trading as it happens. For example, he will say that he's long Oil, and then he tells you the details of the trade and when he's out. You see a chart in the room that shows you when/where he got into the trade and out of the trade. He offers weekly mentoring sessions to all of his students. His 2 courses include a rich knowledge based library of videos on every aspect of his trading method that students access as they progress through their individual learning plan.
Final Thoughts: If trading is in your DNA and it hasn't happened for you yet the way you imagined it would, Don't Give Up! Stay persistent, believe in yourself and find a trading community that fits your personality - one that believes in you, and gives you the help and mentoring required to become a successful trader. Be thorough, and investigate several of the different trading courses that are out there. I personally feel that you'd be hard pressed to find one as good as the trading course/mentorship and community that Dr. Bill offers.❞
❸ TP: Master Sim Advanced trader transitioning soon to real money trading describing his room experience.
❝I have been a financial adviser for the past 30 years working for myself as well as other major financial institutions. In 2006, I created a patented longevity bond and worked with several large investment banks to bring my investment idea to market. When the financial crisis in 2008 hit, my investment banks could no longer work on my $1.2 billion project and was put on hold indefinitely. After this large financial setback, I realized that I needed to do something for my financial future that I could control and not be subject to the influences of the economy, government or large financial institutions.
I was introduced to futures trading in 2010 and began reading and watching everything that I could find on the Internet and in books to learn the business as fast as possible. I have attended over 200 trading webinars and spent over $30,000 on trading indicators and trading classes. I have learned that most programs were either selling "Magical Trading Indicators", that were SUPPOSED to predict the direction of the market, or they stated they had a trading method that would only work in certain market conditions and most had a high percentage of losses.
After being introduced to Dr. Bill’s program, I liked that he stressed learning to read the bars and charts as well as Post Entry Trade Management (PETM). I also found that his students achieved very few if any losing days. I have been with Dr. Bill’s program for two and a half years now and I have been able to master reading the bars as well as PETM. This has allowed me to have very few losing trades with few losing days. I plan to go live within a few months and feel confident that I can achieve the same results live that I have in sim trading.
In all my trading research over the past six years, I have never found anyone who is as successful and consistent as Dr. Bill. I would highly encourage anyone who is serious about trading to join Dr. Bill and master his method. It takes some time to learn but it is definitely worth it.❞
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INVITATION: IF YOU'RE NOT A CONSISTENLY PROFITABLE TRADER, YOU'RE LIKELY 'LOOKING FOR TRADES IN ALL THE WRONG PLACES', TO PARAPHRASE THE SONG. PERHAPS FOR YOU IT'S JUST SOME OF YOUR TRADES THAT CAUSE YOU TOO MANY LOSERS. UNLIKE MY STUDENTS YOU LIKELY HAVEN'T MASTERED RTB SKILLS BOTH FOR TRADE ENTRIES AND POST-ENTRY-TRADE-MANAGEMENT (PETM) ALONG WITH THE SKILL OF KNOWING WHEN 'NOT TRADING' IS THE RIGHT DECISION. CRUCIAL CONCEPT: 'NOT TRADING IS TRADING' AND IT'S THE MOST DIFFICULT THING TO LEARN. THIS ALL MEANS THAT UNLIKE MY STUDENTS YOUR AVERAGE END-OF-DAY LOSING TRADES AREN'T AVERAGING LESS THAN 20%, YOUR NET LOSSES AREN'T AVERAGING LESS THAN HALF YOUR NET PROFITS AND YOU HAVE TOO MANY LOSING DAYS.
PLEASE JOIN MY STUDENTS AND ME FOR THIS WEBINAR AND THE MORE DETAILED FOLLOWUP EXTENDED SESSIONS ON SATURDAYS AT NOON EASTERN. THE SATURDAY SESSIONS ALLOW AMPLE OPPORTUNITY FOR Q & A, AND USUALLY A CHANCE TO MEET AND COMMUNICATE WITH SOME OF MY STUDENTS WHO OFTEN ATTEND THESE EVENTS. WE'RE TRANSPARENT IN EVERYTHING WE DO. THUS, 'PRIVATE MESSAGING' IS ALWAYS AVAILABLE - (WHICH I CAN'T SEE). IF YOU CAN'T ATTEND, FREE RECORDINGS ARE AVAILABLE SIMPLY BY EMAILING A REQUEST TO DRWMCD@GMAIL.COM.
Just contact Dr. Bill for free easy access to these Saturday Sessions - or free recordings, including this and prior Webinars at: DRWMCD@GMAIL.COM.
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Dr. Bill McDowell
BillsRoom - Live Trading & Coaching