• the set-ups he will take;
• the markets that he will trade;
• the times of day that he will trade;
• the maximum hold time for losing trades;
• consecutive loss rules;
• up and down trade sizing strategy;
• daily number of trades and number of tick goals; and
• loss limit per trade and per day.

For new traders, I give a specific trading strategy that should yield 10+ trades a day. The reason for the high number of trades is that in order to make 10+ trades a day, the trader must stay engaged with the market and must take losses and move on the next trade.

For more experienced traders, the trader and I design a program that is built around the trader’s already successful trading strategies and adds what we know has worked with other traders. The trader and I put this together in a quantified, understandable risk management and trading plan.

“Jeff brings an organized approach to market entry and trade managment… working with Jeff on a trading plan has helped me build a solid foundation.”  Tim   Fontana, WI

Initial daily individual meetings with each trader - Once the trader starts trading, whether on the simulator or live, he or she and I will speak each day, Monday through Thursday, for, at least, the trader’s first three months in the Mentoring Program.  The trader and I will meet via telephone or Skype (http://skype.com) at a specific time when he and I will look at the trader’s charts that he has prepared showing each of the trades he has taken; how many ticks he made or lost; and how much time he was in each trade. From this daily meeting, we will evaluate the day, establish strategies for improvement, and make plans for the next day. In this way, the trader and I are a team with a mutual goal of the trader becoming as successful and consistent a trader as he is able.

After the first three months, it is expected that the trader and I will speak less frequently than once a day, but I remain available for ongoing coaching and consultation as often as is needed.  Most often, the trader and I will have weekly meetings at regular times on either Friday during the day or Saturday morning so that the positive effects of the Mentoring Program will continue beyond the first three intensive months of coaching.

“Jeff, I find your mentorship to be invaluable…I find the daily one-on-one discussion of the previous day’s trades extremely useful in refining the plan, highlighting deviations from it, and correcting trading mistakes… As a result of your mentorship I am becoming more confident, learning to think more for myself as a trader, and thereby becoming a more consistent and successful trader”  Scott  Hong Kong 

ElectronicFuturesTrader.com full access - Once accepted into the Mentoring Program, the trader will become part of a unique community of traders. As part of this group, the trader will have complete access to the members-only portion of this website, http://www.electronicfuturestrader.com/ which contains all of the articles I have written on trading (over 100 and counting), private observations on trading not meant for the general public, and comments from other traders in the Mentoring Program and in the Photon Trading Room.

My background - I have been involved in futures trading for over thirty-six years.  First, trading my own account on the floor of the KCBT and, later, teaching new and experienced electronic futures traders. From 2000 to 2005, I was responsible for training traders at an all-electronic proprietary trading firm located in Chicago and Vienna, Austria in which I was a partner. From this experience as a trader and as a teacher and manager of traders, I have faced the challenges of trading myself and I have coached hundreds of electronic futures traders. I find being a coach for traders to be both personally and professionally satisfying.

“Jeff, as a mentor I’ve found you to be outstanding. Your support and optimism and belief that I could eventually make it has kept me plodding through the dip when no end seemed in site… Many so called mentors hand you a book and some software and say have at it. They don’t coach you through how to enter, exit and successfully trade… You believe in people and strive to create successful traders… Thanks for your mentorship” Robert Eggleston

Cost of the program - The cost of the Mentoring Program is $1,500 per month for the first three months.  Should the trader and I decide that daily meetings should continue beyond the first three months, the $1,500 monthly charge would continue to apply. After the initial three month period, I am available as a mentor on an hourly basis based on the trader buying blocks of 5 hours for $1,000.  Mentoring charges are payable, monthly, in advance and may be paid by check, Visa, MasterCard or Discover.

Mentoring - Monthly or Hourly

Monthly Mentoring $1,500.00 Hourly (5 hours) $1,000.00