Private Mentoring Program

Background
Receive private coaching from the developer of the eminidaytrader program. David Johnston has been mentoring traders since 1999. His 20+ years of trading experience and 30+ years of coaching experience has been highly praised by many traders over the past 9 years. His background as a professional tennis player and coach for 20+years has many parallel attributes associated with trading. He was the former Canadian and NCAA South Eastern Conference champion and has coached many champions including world number 1 doubles player Grant Connell. David starting his trading career in 1986 and in 1988 attended the Pete Steidlmayer Market Logic School for a week of training in the Market Profile.

After 10 years of using the profile and obtaining very moderate success he started his quest to mechanize its potential. As a daytrader there was the need to drill down in time from the 30-minute default time period used in the market profile. In order to accomplish this a software was created, and later copyrighted, that would define the auction in a similar way. About that time the electronic markets started to gain popularity. As the liquidity grew in the emini SP it became the market of choice for active daytraders, and trading focused on it as the best daytrading vehicle. 

The eminidaytrader trading program evolved by combining the market profile, the eminidaytrader software and market logic. These three legs of the trading system bring together the objective with the subjective. It has the objective trade identification of trade setups, triggers and management needed for precise trading. It also has the foundation that the trader can develop over time to improve his discretionary analysis of the market. The subjective analysis or "art" in trading sets the stage so that all of the eminidaytrader students have the foundation from which to grow their trading expertise over time.  

Overview
Our private mentoring program is done online and over the telephone for a duration of one year. Each consultation is recorded so that the student has a permanent record of the instruction and can review each session at any time to help reinforce learning of the material. The recording includes both the interactive on screen work and its corresponding audio.

The price of $9500 includes 1 year of eminidaytrader membership. With that membership you'll have website access, software use and regular telephone consultation, giving you plenty of time to move up the learning curve.

The Mentoring program is a structured and thorough program designed to help the trader establish a solid foundation for his trading development. All aspects of trading are covered; setting up your trading business, developing your business plan, and incorporating your trading plan. The goal of the mentoring program is to take each trader into consistent profits in the least amount of time. The private mentoring program customizes a trading plan to suit your personal temperament, goals and aversion for risk. 

Schedule (many of these stages overlap in time) (flexible in order to accommodate both parties)
Stage 1
A telephone conversation to establish suitability of the program for the prospective student. Is this the right program for you? Together we gather information with the expectation to determine if this program is the right way for the student to proceed.

Stage 2
Reading material will be provided prior to the beginning of training. This usually takes from 2 days to 2 weeks.

Stage 3
Telephone and online instruction. This is the core instruction and lasts throughout the duration of the program. You will learn our detailed entry and exit rules as well as the reasons why these trades work. You'll learn much more than that as we'll spend plenty of time on the logic of the market so you can build a solid foundation of market understanding that will serve you for many years to come. The goal is to set you firmly on the path to consistent profitability. You'll develop comprehensive business and trading plans to guide you through the year of training. Also included will be a journal of contemporaneous market narratives, record keeping of trades and a psychological database.

Stage 4
One day a month we trade together via screen sharing and teleconferencing as we go through the trading decision making process together. Actual trading starts and begins with paper trading and advances to real money trading. The student spends anywhere from one week to a few months paper trading until a high level of consistency is attained.

Stage 5
Regular follow up with suggestions for trading progress. Reviews of record keeping and narratives.

Contact us if you have any questions or to inquire about the curriculum and availability.