Frequently Asked Questions
What is the Template?
My template is "the way I trade". My template is my PROCESS. It is NOT an algorithm. It is NOT something you put on a software program. You can use ANY brokerage account you want. Once I teach you my template "how I trade", then you will simply be able to go and apply it to ANY financial market. You could apply it to Stocks, Forex, Futures and Options. Once you see trading from this new understanding, you should realize that most markets trade very similiarly. They all require the same thing- a buy or sell decision. It does notmatter what brokerage platform you use.
How are your students doing?
Check out our updated review page here: Student Reviews
You can see an update on how our students are doing and how they feel about the course.
Does your teaching apply to more than just stocks?
Stocks, Futures, Forex, Options, etc. They are all based on "directional dynamics". So yes, once you learn the correct metrics of engaging and disengaging a trade, you can easily apply it to all financial markets.
Can I apply your “Template/Method” to markets other than USA?
Yes once a person knows how to trade and engage the markets, then they can trade any of the markets.
It’s like when you learn how to drive a vehicle - you can basically drive any vehicle, any brand, shape, style, anywhere. Trade in any country.
Once I learn your method- can I use any brokerage platform such as eTrade, ThinkorSwim or TradeStation?
Most modern platforms are comparable. Each one has a little different feel to them. It’s kind of like- where is the best bank to bank at question? They’re all virtually the same. My method can be applied no matter what platform is used. I have students who use many different brokerage platforms while applying my method. I don't specifically teach how to open a brokerage account or all the little differences of each platform. That is your personal data that you and your brokerage firm will discuss. For example, many banks now offer trading through their brokerage division. When you get to that stage of needing a brokerage account, you might simply open it at your bank.
Just know there are many options. However, I would be happy to address your questions as needed.
Brokerage accounts are really a general thing. There is no overwhelming advantage of one versus another.
The key to successful trading is having the correct understanding and insight on how to engage trading. That is very specific and is what I teach in my course.
If you are new to trading, I recommend that you do not even address which brokerage platform to use question- until you have fully understood and can prove to yourself how to engage trading properly.
In my course videos, we show you places to practice and simulate for free. You do not need a live brokerage account at this stage. In the videos lessons, you will be seeing the same steps that I have used to trade correctly for years.
Then - you will take your new "correct understanding" and use the free charting sites to perfect your newly acquired knowledge. There is an order to becoming successful.
Is the trading technique proprietary?
I would say so. The methods I use to engage the market are based on my initial two key factors. The first factor- I have limited money to risk and possibly lose. The second factor- I only want to allocate limited time to this endeavor. I need this to be productive, utilizing no more than 5 random hours a week.
Once I reversed engineered the process of "how my brain saw things" the trading steps unfolded, and I was able to develop a "template" that indicates to me when an optimum time is to engage and disengage a trade. I have used the exact same methods- "template" for the last 20 years.
After you learn the template- (the process that I teach), THEN you will be able to use that specialized knowledge in any financial market. For example, you might want to trade Options, or Futures or Forex, or Stocks. When you know "how to engage correctly", then you can choose what area you want to trade in.
How do you trade this crazy market during COVID-19?
This market is exactly what a proficient trader wants. We want movement. This market is great for traders that know how to engage correctly.
How much money do you need to start trading?
Let's answer it with this in mind- "as a person thinks - is the way a person goes". Once a person learns how to trade as I refer to as "CORRECTLY", and that means how to engage and disengage the market properly - then and only then - can they decide which financial markets they want to trade.
They might want to trade something called Stocks or Forex or Futures. There are many different markets to trade. Each of these markets requires different starting capital of $500-$1000- and up to $25000. The brokerage firm then can give you a multiple of 4-10 times for your buying power.
REMEMBER, the key is to learn how to trade FIRST. It is a mistake in thinking- and usually prevents someone from becoming great, if they get overly concerned about which market and how much they need and things like that up front. I'm not saying the person asking that question is overly concerned- I'm just pointing out a sequence of the way events and thinking patterns need to be.
Don't worry about the market you're going to trade "yet". Until you get that done; Meaning until you learn how to trade correctly.
Now, if you're someone who wants to trade the stock market for example, you can have a "cash only account" or a "margin account". Margin accounts have certain advantages which can be hugh. With the Stock market and Options market, if you elect to have a Margin account, there is a rule called the "PDT rule" (Pattern Day Trader) and if you do not have $25,000 to fund your account- you get limited to how often you can trade during a 5 day period.
I have that amount and have a Margin account, so I get to trade as often as I like. I am not limited to the 3 trades in a 5 day period.
However, if I didn't have that much money to start trading with- No worries, here is what I would do: because I know how to "trade correctly"- I would simply go trade in one of the other markets, like the Futures market. I could fund my account with $500-$2500, and work my way from there. Same difference.
The Futures market like the Forex market, does not have the PDT rules that apply. You can fund your account with a small amount (broker determines) and you trade. Since I have the proper engagement knowledge in my brain, I could care less where I trade, simply because it doesn't matter. I know how to trade correctly, so I trade any market.
What are common big mistakes?
Many new traders make mistakes when starting out in this field. These costly mistakes are avoidable.
Here is a primary mistake made- and almost all of us make this mistake!
Starting to practice "before" they are completely trained in the correct process.
Do not practice until you are trained by an experienced trader. You are just reinforcing the wrong patterns in your brain.
Another Big mistake- Not fully accepting that ALL Trading is RISKY and you have to get yourself mentally ready and flexible to engage the flow of money. You can lose money and most likely will lose some money until you get yourself trained. Like all new activities, you have to get comfortable first before you try it live.
Once you get the the course- we show you places to practice or "simulate" trading for free. You then get to prove to yourself you understand what to do. No worries about getting a brokerage account until you are ready to start trading live.
Can I be a successful trader?
A primary qualifier that I see- as an early indicator to success, is this- if someone can and will be open to seeing the task of generating income in a different light.
For example- Can you see yourself generating a weeks income in 5 hours or less? I know you would like that, but can you have some faith in yourself that you can learn to do that?
Would you at least be open to me teaching you how to think that way? And then actually doing it?
Another key success indicator is- "How long does it take you to make a decision?
Another indicator is- "Are you fearful in starting? If you are new to trading, you should be apprehensive. That is normal. However, do you know the direct antidote to removing fear? Most don't apply the antidote.
Just like we do with everything we are fearful of, we get trained and the fears melt away.
I remember the first time I made a few thousand dollars trading. It was like a first kiss. You don't forget.
If someone is "working" 40-60 hours per week, because that is "normal", then their internal thinking will be the stumbling block. If on the other hand, you are open to being taught, (just like everything you know was taught to you), then I can show you my template and you can start applying it.
How easy is it to learn?
One of the reasons Mike agreed to open this specialized knowledge up with the world is because of his nieces. That is also why he chose to have them in the videos. He wanted to show everyone that two young lady's, age 18 and 22 can easily pick this up and start applying it.
How long do I have access to the course?
Either 4 months or 12 months. You decide.
After enrolling, most folks access the course for two months while they are learning the material and getting comfortable with the concepts. We give you four months of access to the material across any and all devices you own. For most- this is all that is needed and it fits their schedule. The e-book material is yours to print out and keep. And naturally once you learn this, you will have the skill for life. If your budget allows, we have an option for you to extend the access period for 12 months. A small nominal fee will apply.
If you choose to get the "Extended Access" at time of enrollment, we will allow monthly payments to be made for that portion.
In the 12 month plan I do have a few additional things I offer.
Currently I am offering to do a personal screen-share session with you if needed. (Screen-share is where I could see what you are seeing on your computer screen) while you are on a practice site and help guide and answer personal questions about the course.
Also I have about 10 additional videos of screenshare sessions with previous students that you get access to. You get to see and hear 10 different scenarios of training. In these sessions, I get to fine tune someones understanding. Its amazing how we can all be adjusted in our thinking.
Under very special circumstances, we could make the material available to you longer, at no charge. Example- you got in an accident and could not participate in the time allotment.
Please know that I don't put effort on covering every general word or feature or concept of the trading world. For example- "What is a "stock chart?" or "What are the hours of trading?". Those super general items can easily be found on a web search. However, I am very happy to cover the vital insights that are required to trade peacefully. Thats what I invest my time on.
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