FAQs
Who do you work with or help?
We help both brand new and experienced traders with analyzing stock charts to swing trade stock options. Most of our students and clients have smaller accounts (less than $25,000) and little trading experience, so the strategies we share and the indicators we offer are great for them!
What kind of trading do you recommend?
We recommend swing trading in the stock market. With this type of trading, you can profit if the market goes up, goes down or just moves sideways! And unlike many investors who invest in the market for years (and sometimes decades!), shorter term swing trading gives you the chance to see quicker profits and have more trading opportunities! With the strategies we share, you’ll typically enter and exit trades within 1-3 weeks and target 50-100% profit.
I work fulltime. Can I still trade?
The short answer is yes, however it really depends on your schedule. The strategies we share are meant to take up to 30 minutes of your day. Active trading hours for most stocks and ETFs are 9:30am-4pm EST, so you can only enter and exit trades during those hours. If you’re working during that time, you could do most of your chart analysis before or after work, and then take some time during your lunch break to actually enter your trades. Also, we can show you how you set your trades up to automatically close for profit to make your life easier (…but sometimes you’ll want to close them manually to get profits too!). So, even though you don’t need to be at the computer all day long, you’ll ideally want to still have access to your phone during trading hours. (You could use the ThinkOrSwim mobile app to close out of trades when you’re working or on the go. It literally takes just a few seconds to do!)
How much money do I need to start trading?
When you first get started you’ll want to trade in your Demo account to get some trading experience without risking your own capital. But once you’re ready to trade for real profits in your Live account, I highly recommend starting with at least $2,000 (but $5,000 or more is best!).
How much money can I make?
Obviously, we cannot guarantee what your financial situation will be over the next several weeks or months since how much you earn is relative. It depends on how much money you have to initially invest, how much you practice your trade strategies, and how consistent you are with your trading. Some people have a goal to use trading as their main income source, but many people use trading as one of multiple income sources (which we HIGHLY recommend because it’s always GREAT to have multiple streams of income!) The average goal is to trade for up to 30 minutes per day M-F and place about 3-10 trades each week (depending on how much you want to trade). We typically share strategies that are targeting 50-100% profits depending on how aggressively you’re trading.
Can I really trade without looking at my charts?
The short answer is yes. With the win rates that our Insight indicator will give you, you could certainly trade without ever looking at your stock charts. Why? Because if you know a strategy has a high win rate, you know it’s probably a great strategy to continue trading. With that said, we still highly recommend that you do at least glance at your chart to confirm that it’s generally moving in the direction you’re looking at trading. This will give you more confidence when entering your trade, and ideally improve your win rate over time!
Is it better to use short-term to long-term win rates?
It depends on how you want to trade. If you’re just looking to hop in on the current trend, short-term win rates (i.e. win rates for 3-8 cycles) may be better. However, if you’re looking to put on a general trade, regardless of how the market is currently moving, then you may want to consider long-term win rates (i.e. win rates for 50-100 cycles or more). For long-term win rates, you’ll want to go back enough cycles to include times when the stock traded in all three market conditions: up (bullish), down (bearish), and sideways (neutral). This gives you an idea of how price generally trades over time regardless of the current market conditions.
What trading platform do you use?
We use (and highly recommend!) the #1 trading platform for stock options – ThinkOrSwim. You can Click Here to open a new “Individual” account, and to download the desktop trading platform.
What kind of products do you offer?
We offer basic and advance training products, custom trade-finding tools, custom stock chart analysis tools, trading business management tools, trade analysis services, coaching and consulting services, and more!
How long until I start making money?
You could theoretically start seeing profits as soon a you place your first trade, but your success depends on how much you practice and implement your trade strategy.
Do I need a computer (desktop or laptop)? Can I trade on my phone?
While it is possible to trade from your phone, it is MUCH easier to trade on a computer versus a phone… you have a bigger screen to view and more features to properly analyze your trades. Also, you’ll need a computer to use the custom chart layouts, custom indicators, custom signals, etc that we give you in the training course. You’ll likely want to enter most of your new trades and do most of your stock chart analysis on the computer since it’s easier. However, when you’re away from the computer could still use the ThinkOrSwim mobile app to close out of trades for profit or enter new trades.
Do I need to know math?
You don’t NEED to know a lot of math, but there are a few simple math equations that you’ll want to know. If you’re not already familiar with options trading math, we can teach you in the online training course.