FAQS

Frequently Asked Questions
Q: Is this theory or practical knowledge?

This course is based on deep theory, practical and repetitive patterns that occur in all markets. We explain the theory but show you how the theory can be profitably executed from our personal trading experience. We use this systematic approach ourselves. Nothing is held back.

The course was developed when we needed to put our trading principles into a personal Trading Plan. Everything necessary to set up a complete trading business is included. We make it available at a reasonable cost for those who want to save time and money to develop a potentially profitable trading business with a minimum investment of time and money. We also try to put to rest all the “lobelia” hawked on the internet about making big bucks trading with no effort. This takes work!

That depends on you. We give you all the settings and tools, even our templates for software. We suggest you practice trading with a SimBroker until you reach at least a 80% confidence level. That can take a few weeks to a month.

The system is designed to be used even on a laptop. Optimal use is with two monitors; one for charting and one for order execution and news.

Yes. The goal of the WLT course is simplify your trading into a few specific rules that gives you high probability trading opportunities.
The WLT course gives you a complete trading plan including entry and exit criteria. It also includes a complete set of money management rules and psychological guidelines for trading successfully.

We explain everything in simple English. While technical analysis is the basis of our trading signals, The rules are simple, but for those who want explanations we provide them. The best analogy is that you do not need to know how to build or fix your car in order to drive it.

Yes. We provide all the necessary tools to trade successfully. We also provide references and tools for those who want to do additional study. We offer help to those who have already been trading, but not too successfully. Bad habits or trying to trade every single bar is one of the greatest reasons for failure. Our approach is one of discipline and patience. Instead of literally hundreds of set-ups, we focus on only two chart formations that have an 85% probability of success.

We learned a great deal from a few traders and not much from a lot of others. We did figure it out that both small and large accounts works for all trading account sizes. We set our stops at 1.0 -1.5 points and our goal is 2.5 – 5 points per trade. You can make money with this approach if you trade it consistently.

The markets are basically fractal in nature. This means that the patterns repeat on all time frames as do the indicator signals. While some markets are more volatile and others are sleepy and trending, you can use our signals for day trading as well as for swing trading. We do not trades stocks any more due to our desire for better tax breaks and more leverage, not to mention the up tick rule, we do have students using our approach on stocks.

Three things that are not found in other courses:

Mental Tips on “How to Pull the Trigger”, overcome negative action patterns and how to anchor proper trading behaviors before you trade with real money.
Money Management Rules on how to maximize profits and minimize risks on each and every trade. You know the potential risks and rewards before you trade.
Trade signals are clearly called out with ALL the indicators we use.

You should expect an average of two to four trades a day. There is always at least one great trade set-up a day. There are many profitable trading opportunities a day in the S&P market, as many as forty points per day available if you wish to trade everything. Only a few days will be difficult and we tell you how to spot them and avoid them.

Q: I am considering other courses. How do I choose the right one for me?

There are many courses being sold today. It is confusing and the sales messages all promise riches with little risk. we have offers on our desk for courses that range from $1,500 up to $5,000 and software packages that promise to automate everything and remove your risk. If you believe them, buy from them.
After spending a lot on courses and books and losing a lot of money, we decided to figure this out ourselves or quit. The WLT course is the result. we reviewed an entire bookshelf of notes, charts and systems. we tested everything, every rule, every system looking for the secret to high probability opportunities. Our friends asked us to help them, so we shared the course and they are sharing in the benefits. You can too!

Of course, it’s never too early to start studying and preparing yourself for that one day you are finally ready to start trading. You can never study and prepare enough – the more you study and prepare – the better you will do when you actually start trading. Even if you’re ready to start trading, we would suggest SimBroker trading real-time while you thoroughly study and learn our course. Ask yourself this question: Does a doctor operate first or study and learn the procedures first? Of course the answer is they study and prepare long before they start operating. Why should trading be any different? our course will not only prepare you to start trading, but it will teach you the procedures to trade profitably.

You should look at both the links to Future Trading Risks and review on www.cme.com. For an excellent summary of technical analysis you may want to purchase “Trading for a Living” and the companion workbook. This is where we started seven years ago and it is still appropriate to review today. Because there are so many books on trading you can really get lost. Review our learning experience to see our path. None of these books will give you the signals or trading methods we use however.

Yes. You can break it up into two sessions if you like. Perhaps a morning session and afternoon session-make 1 point each session.

Our e-mini trading course has advanced material for those who WANT to trade all day and earn more than two points a day. That’s fine to do.

We explain everything in simple English. While technical analysis is the basis of our trading signals, The rules are simple, but for those who want explanations we provide them. The best analogy is that you do not need to know how to build or fix your car in order to drive it.

Yes. We provide all the necessary tools to trade successfully. We also provide references and tools for those who want to do additional study. We offer help to those who have already been trading, but not too successfully. Bad habits or trying to trade every single bar is one of the greatest reasons for failure. Our approach is one of discipline and patience. Instead of literally hundreds of set-ups, we focus on only two chart formations that have an 85% probability of success.

We learned a great deal from a few traders and not much from a lot of others. We did figure it out that both small and large accounts works for all trading account sizes. We set our stops at 1.0 -1.5 points and our goal is 2.5 – 5 points per trade. You can make money with this approach if you trade it consistently.

The markets are basically fractal in nature. This means that the patterns repeat on all time frames as do the indicator signals. While some markets are more volatile and others are sleepy and trending, you can use our signals for day trading as well as for swing trading. We do not trades stocks any more due to our desire for better tax breaks and more leverage, not to mention the up tick rule, we do have students using our approach on stocks.

Three things that are not found in other courses:

Mental Tips on “How to Pull the Trigger”, overcome negative action patterns and how to anchor proper trading behaviors before you trade with real money.
Money Management Rules on how to maximize profits and minimize risks on each and every trade. You know the potential risks and rewards before you trade.
Trade signals are clearly called out with ALL the indicators we use.

You should expect an average of two to four trades a day. There is always at least one great trade set-up a day. There are many profitable trading opportunities a day in the S&P market, as many as forty points per day available if you wish to trade everything. Only a few days will be difficult and we tell you how to spot them and avoid them.