What is the difference between your Udemy courses and the Pro Development courses?
1. Length of curriculum
Our Udemy courses are relatively short introductory courses (1.5 hours - 3 hours in length) on the basics of critical concepts we use in our Market Stalkers Method™.
Our Professional Development Program is an extensive university-style curriculum teaching the entire method in great detail systematically. It has over 40 hours of lectures. As a comparison, one year of a University degree has 45 hours over 3 semesters. This is the main reason why our Pro Development course is split into 3 levels: to reflect 3 semesters, each tackling a particular skill with increasing difficulty.
2. Level of contact:
While we do respond to our Udemy students queries, we are unable to offer any deeper consulting/mentoring services due to the incredibly cost effective pricing on Udemy.
Pro Development Program (Silver & Gold Bundles only):
Unlimited amount of questions during the qualifying Q&A periods depending on the level of service.
We have 2-3 mentors working around the clock to respond to Silver and Gold member's queries going into great detail and tailoring the mentoring experience to the specific issues of the trader.
How is the Q&A Mentoring conducted for Silver/Gold students?
Q&A Mentoring is done through the platform in your Member Dashboard.
After the purchase, in your member dashboard there will be a product named "Coaching". Once you click into it, there is a discussion board that allows you to post questions, attach files/screenshots but to also see other students' previous queries that we deemed were relevant to the rest of the community.
Do you teach Footprint Charts?
We don't. Footprint charts are an invention of Market Delta, which is a trading platform. Footprint charts focus on ridiculously low timeframes which only leads to overtrading and imagining things. Even Jim Dalton who popularised market profile trading (taught in our Level 2) highly advises against looking at tick charts and Time&Sales window. We get a fair amount of traders applying for funding and we have yet to come across one trader who uses footprint charts successfully. On the other hand, supply/demand and profile both look at statistically proven methodologies that are indeed still used by professional traders all over the world.
We always aim for our traders and students to trade less and make more, rather than spending all day in front of the charts hunting for million trades per day which eventually leads to loss of self-discipline and hard-earned cash. Make life easier for yourself and focus on trading 1-3 trades per day. We trade to have more time to do other things such as to spend time with family and pursue hobbies we enjoy and not the other way around!
Do you offer 1-2-1 mentoring for beginners?
In short, no.
However in some very special circumstances, we may be able to provide 1-2-1 mentorship for existing advanced students over a minimum 3 months period. This is only available for intermediate traders (experience trading live markets for 2 or more years. 2 Years MINIMUM).
1-2-1 Mentoring from our Head Trader carries additional consulting fees as follows:
- 3 month mentoring (1 session per week) = £3500 plus VAT
- 3 month mentoring (unlimited amount of contact on skype chat and up to 3 scheduled audio/video sessions per week) = £15,000 plus VAT
Monthly instalment options are available at 0% interest.
Spaces for 1-2-1 mentoring are extremely limited and our Head Trader typically only ever takes on 1-2 people at a time. Contact us for further details on availability.
How can I trade intraday with Supply/Demand?
S/D trading intraday is not enough if you have no idea of that days particular institutional sentiment. You HAVE to know where the distribution curve was yesterday and then base your intraday direction/plan off that. Larger timeframe trend frequently has little to do with intraday movement. Intraday is the toughest form of trading. We highly discourage intraday trading until a trader reaches profitability in swing trading. Yes we know it's a long process, but here we don't claim that trading is easy. It's anything but! Reading institutional order flow through market profile, rather than pure SD, as well as knowing your Average Daily Range exhaustion prices for that particular day AND reading price action at the CORRECT daytrading timezone is the only way to be a success as an intraday trader. In order to reach success as an intraday trader, ALL THREE LEVELS of Pro Development MUST be understood and PRACTICED to perfection. You have to learn how the markets behave from session to session. On top of this, each instrument and each asset class have their own quirks and behaviours that must be learned through sheer experience. Although we provide some shortcuts to this in Level 3 course, ultimately there's NO WAY AROUND EXPERIENCE. Just like you can't learn to swim just by reading about it, you can't learn to trade by watching a few videos and not trading yourself.
How are Market Stalkers different other Trader Education companies?
We are active, professional traders with CISI qualifications. Market Stalkers are a community of pro traders who have decided to share their knowledge and lifestyle/mindset. Our traders are able to speculate on the market movements correctly over 70% of the time using the Market Stalkers Method and some still work professionally for other well-known proprietary companies world financial centers such as London and Chicago to this day. The method we've developed by combining price action strategies has lead us to a systematic way of trading that takes out most of the guesswork. We place heavy emphasis on psychology and developing a successful traders mindset in our students right from the very beginning by providing practical solutions that deal with physiological trader issues with survival instincts. Our method is a repeatable, systematic way of trading based on price action and market distribution curves. Because of this unique aspect of the method, it is applicable to a wide range of asset classes, including the foreign currency exchange, cryptocurrencies, CFDs, futures, commodities, equities and single stocks as well. We even have a couple of options traders who have successfully marriedour Supply/Demand and Q Point techniques with options trading strategies. Market Stalkers are a subdivision of Blahtech Limited, a 12-years strong company that has provided IT software architecture services for investment banks since its inception. Becoming acquired by Blahtech has enabled us to work with elite software engineers to develop innovative price-action indicators never before seen for Metatrader 4 platform. Blahtech MT4 indicators are available for rental/purchase from MQL.com Marketplace.
I protect my trades by moving stop loss to break even, but I'm frequently taken out of the market even when I'm correct on direction. What do I do?
Without wanting to sound like Captain Obvious but: Stop moving your stoplosses to breakeven!
You've taken a risk based on your analysis. Be prepared to take a loss based on that. "Protecting" the position by moving your stop too soon is false economy and means you're either not confident in your analysis or you're afraid of taking a loss. Both issues are primarily psychological stemming from some form of fear and need to be actively dealt with. They won't go away on their own. Try practicing NOT moving your stops on a demo and see what outcome you get. Then use that experience to do the same in the live market on a very small account. Backtest backtest backtest, practice practice practice, forward-test, forward-test, forward test. No other way.
I've been trying to trade for years, why am I not profitable yet?
Profitability of your performance depends on many many factors. To name a few:
1. Inconsistencies in positioning
2. Stop loss size in relation to instruments own liquidity
3. Switching number of trades per day/week
4. Holding trades too long/taking trades off too quickly
5. Mixing up intraday and swing setups
6. Not having a trading plan (!),
7. Only staring at one one small-ish timeframe
8. Not knowing where you are on larger timeframes,
9. Going 'with the trend' at swing extremes
10. Not being objective whilst you're in a trade...
Until you start a DETAILED journal, keeping records of all your trades, outcome of trades, time of day you entered a trade, how long was the trade for, whether a trade was in profit or not, etc, you will struggle to find profitability. Trading successfully is about dealing with YOUR weaknesses. The majority of traders fail because of their own psychology and not because a method doesn't work. It takes an average of 4-5 years to become consistently profitable and that's only IF you ACTIVELY work on eliminating your weak points. And also IF you come from a science, music or sports background, understanding just how much methodical and analytical work goes into developing high performance level skills.
Should I start trading futures?
Some of us do trade futures. However it is highly inadvisable to start with futures if you haven't achieved profitability from swing trading yet. We firmly believe that a trader should first become proficient and profitable in analysing longer-term markets and do swing trading before attempting to trade intraday. Intraday is the hardest and least rewarding type of trading vulnerable to any inconsistency that a trader may have. It is also terrible for people who have not yet developed ironclad self-discipline and a proper mindset of a successful trader because it seemingly gives endless opportunities for trading in a day. In reality, this leads to over-trading, frustration and a quick loss of capital. It can also lead to divorce and general chronic grumpiness as well as a lowering of one's standard of life. As a trader, first skill you must learn is to wait for the strong setups and be patient like an ambush predator waiting on its prey to come closer before pouncing. Much like our mascot, chameleon Bob the ambush predator. Swing trading and longer time frames force a trader to wait and so does market profile because you HAVE to work in half hour periods. Eventually disciplined behaviour becomes routine, leading to consistency and a fairly smooth rising equity curve. Furthermore, in order to trade futures with a correct risk management model, you'd have to have a sizeable amount of capital (at least $50k). So if you are fortunate enough to have 50-100k of disposable income and you don't mind blowing it on attempting to trade without much experience, give futures trading a go. But even well capitalised individuals should learn trading on MT4 first where you can scale down your positions to mini and micro lots according to your account size and add size only when you demonstrate competence and consistency.