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Frequently Asked Questions
About The 3-Minute E-mini Trading System™
QUESTION: How complicated is your 3-Minute E-Mini Trading
System?
ANSWER: Our 3-Minute E-Mini trading system is simple enough that you
could learn it and begin paper trading quickly, observe your
results and when you're comfortable start trading for real.
Our 3-Minute E-Mini Trading System is easy to implement
because it uses only five trading signal patterns to help you identify
potential trading opportunities. If you can read a bar-style chart,
you can use our System. One or more of these five patterns may
or may not signal a trading opportunity for the following day.
Statistically, the winning trades generate significant profits, while
the losing trades get stopped out at a predetermined point during
the day, or closed out at the end of the day. The maximum
duration of any trade generated by our System is one day. Our
System does not hold any positions overnight. Our System only
generates a maximum of one trading opportunity per day. Very
often, our System does not present us with trading opportunities
for several days at a time. As the legendary Larry Williams has
said, "Not having a position is a position." To which we add, "You
cannot lose money when you're not in the market." Our System
doesn't try to put you in the market just for the sake of being in
the market. The Money Management section of our System helps
you make decisions about how much to commit to trading
opportunities in order to help you maximize your profits from
winning trades, however often they occur.
QUESTION: How does your system work?
ANSWER: The 3-Minute E-Mini Trading System is based on evaluating a daily chart and then
putting a buy or sell stop/limit order in for the next day when a trade is indicated, and close position at the end of US trading hours
QUESTION: How big a stop do you need?
ANSWER: We suggest a stop-loss point in our System, but setting stops is very
personalized and depends on your risk tolerance, percentage of
total capital committed per trade, etc.
QUESTION: What about support?
ANSWER: We offer email support regarding the contents of the System
manual and workbook. (However, since we're not registered
investment advisors, under the rules of the SEC and the CFTC we
are not permitted to provide personal advice or analysis regarding
your specific futures trading program.)
QUESTION: Do you recommend brokerage houses?
ANSWER: Since the System is so relatively simple, we've used a variety of
discount brokerages over the years. One of our current favorites
is EMiniDirect.com, but you should do your own due diligence.
QUESTION: What's an average loss, are the wins much bigger than
the losses?
ANSWER: Historically, winning trades have tended to outnumber losing
trades about 4:1 overall with our strategies. As you paper-trade,
you might want to keep track of the win/loss ratio by strategy; if
one shows significantly more or fewer losses, you might want to
use it less than the others in the former case, and give it more
weight in the latter case.
QUESTION: I know your program is about trading the stock index future emini contracts,
but does it work for the emini russell, and markets like
eurocurrency futures, 30 year-tbonds futures, silver futures and
crude oil futures, etc...?
ANSWER: We have quite a bit of information from our customers that our
System works on the NASDAQ emini, and a few anecdotal reports
that it is also effective with other emini contracts. No reports yet
about other futures, so if you decide to try it out and see if it
fits, be sure to do quite a bit of testing before committing "real"
money.
QUESTION: Does the 3 minute system you offer is it based on
indicators ie stochastics MACD so on? I never did well with those
systems. What is it based on bar chart patterns?
ANSWER: Our System uses bar chart patterns. We've worked hard to
identify simple indicators that can be used quickly to determine if
a trade possibility exists for the following day -- no stochastics,
MACD, or any other complicated calculations.
QUESTION: I work full-time and do not have time to look at
intraday charts, do I have to have intraday chart access to trade
your system? When are the trades placed?
ANSWER: Our System is designed for people who do not want to, or are not
able to, day-trade. The System uses end-of-day trading data
(based on U.S. market trading hours) to determine whether a
potential trading opportunity exists for the following day.
QUESTION: Do you recommend any “Introduction to Futures”
books so I can learn the basics?
ANSWER: We like "Starting Out in Futures Trading" by Mark Powers,
available in paperback at Amazon.com
QUESTION: Are you able to put in Stop Loss orders with your Buy
orders or do you have to wait for the Buy order to be executed
and then place the Stop Loss order? With options I was able to
place both orders at the same time.
ANSWER: Yes, just as with options, you can place an order to buy and sell
and a stop-loss at the same time.
QUESTION: Do you always use a MOC order?
ANSWER: Yes, the only two ways a position gets closed out is MOC or the
stop-loss point.
QUESTION: If you guys are so successful trading the Emini, why would you even bother selling
your program online?
ANSWER: Because over the years we got a number of inquiries from people who knew us or of us and how much success we were having with our trading program that they kept pestering us to teach them how to do it, too, so we finally wrote a book that explains everything.
QUESTION: Can you guarantee that I will make money with your program?
ANSWER: Since we don't know you personally, there is no possible way that we could guarantee your success. Sadly, most people buy money-making books and never even read it, or don't apply the strategies described in it. However, if you DO apply the strategies in the system manual properly, you should make money.
QUESTION: Do you offer a guarantee?
ANSWER: Sheesh, did we put that section in invisible pixels? If you buy this system, honestly try it out, and do not achieve profitable results, we will buy back your license to this product. Period. That's how confident we are about the power of this trading system .You do have to give it a fair, reasonable trial, however, in real-time according to the strategies of the system, not some phony-baloney back-testing curve-fitting data-manipulating scenario.
But before you declare yourself a failure at emini trading, you should first try contacting us for assistance. We're the experts (we wrote the book, not some ghost writer); we can try to diagnose what you're doing wrong, using your own data, and point you in the right direction.
QUESTION: I'm outside of the USA. Will your book be able to help me make money?
ANSWER: Absolutely. Geography will not limit the potential of the 3-Minute E-Mini Trading System. We have many System owners all over the world.
QUESTION: What if these FAQs didn't answer my specific question?
ANSWER: Email us here
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