The Futures Trading Mastery Course. By Sam Goldberg

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2 Copyright 2007 Futures Trading Coach.com All rights reserved No part of this ebook may be stored in a retrieval system, transmitted, or reproduced in any way, including but not limited to digital copying and printing. The author, Sam Goldberg, and the Publisher, Futures Trading Coach.com, have made their best effort to produce a high quality, helpful and informative book. However, they make no representations or warranties of any kind with regard to the completeness or accuracy of the contents of this book. They accept no liability of any kind for any losses or damages caused or alleged to be caused, either directly or indirectly, from using or acting on any of the information contained in this book. As always, the advice of a competent legal, tax, accounting or other professional should be sought before acting on anything discussed in this book. The author and publisher do not warrant the performance, effectiveness or applicability of any of the sites listed in this book. All links are for information purposes only and are not warranted for content, accuracy or other implied or explicit purpose. The author and publisher make no guarantees that using the information contained in this Book will turn you into a professional trader. By reading this book, you acknowledge that you are entirely responsible for your own actions and that you are using these ideas and strategies at your own risk. You agree that you have read the Risk Disclosure Statement at the end of this ebook. If you do not agree, please close this ebook now. Images in this book are taken directly from my own records. Text and images available for download over the Internet may be subject to Copyright and intellectual rights owned by third parties. U.S. Government Required Disclaimer - Commodity Futures Trading Commission Futures and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this ebook. The past performance of any trading system or methodology is not necessarily indicative of future results. CFTC RULE HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN Futures Trading Coach.com 2

3 NOTICE: You DO Have The Right to Reprint or Resell this Report! You Also MAY Give Away, Sell or Share the Content Herein [As long as you don't change anything, misrepresent the report, use SPAM or generally do something you know you're not supposed to do] 2007 Futures Trading Coach 2007 Futures Trading Coach.com 3

4 About The Author Sam Goldberg is a professional Emini trader and Futures Trading Coach with over 12 years experience trading the markets. He trades the S&P 500 Emini, The Dow Emini, The Russell Emini and the Nasdaq Emini, and is a coach to traders the world over using his proprietary futures trading system which is also applicable to many other financial markets. Sam coaching services include - A Free 5 Day Mini course, The Futures Trading Mastery Course where he shares his insights what separates winning traders from everyone else. Details Here A Free Personal Consultation where he discusses your trading strategy with you in detail and shares tips and insights into how to improve your trading results. Learn More Here A Full Day session LIVE watching him trade the Emini futures contract as he enters and exits trades and profits from the market. Details Here The 5 Day Emini Mastery Coaching Program where he will personally show you how to analyze the Emini market, teach you which high probability indicators to use, reveal clearly how to enter and exit profitable trades, and show you EXACTLY how to become a professional, profitable trader. Get All The Details Here You can contact Sam at his website, Futures Trading Coach.com 2007 Futures Trading Coach.com 4

5 The Futures Trading Mastery Chapter 1 - DESIRE Welcome to Chapter One of The Futures Trading Mastery Course - our goal with this course is to help you to take your Emini trading to a much higher (and more profitable) level and share insights and information that will help you become a top-level trader. In this ebook we are going to look at the 5 critical keys to becoming a successful futures trader. You'll discover key distinctions that will give you the edge you need and help you to become the trader you've dreamed of being... OK, let's get right into it... In this first chapter we will focus on the desire to trade. First, let s define what the word desire means. The dictionary defines desire as a wish, a want, to crave, covet to have a longing for. I define the word desire to mean success in time. Look, we all start from the same starting line in a race but the difference in the runners lies in their desire to be the best and win the race. In trading we are in a marathon, not a sprint, so erase your get rich quick ideas from your memory banks now. The desire to be a successful trader lies in the talent and skill set of that trader. If you are not already successful as a trader, then you must look at your desire to learn how to become a more proficient trader who wants to succeed. One of the most important attributes of desire is its synonym, that being to want. If you wake up in the morning and brush you teeth, take a shower and eat breakfast you are like 99 percent of the population. That is not a bad thing but you must set yourself apart from the average person. A trader is a unique person who exhibits different behaviors than most other people. Trading is a life choice that a person makes based on their situation or desire to have the opportunity to make it big. When I talk about making it big, I mean really big. You write the paycheck, you take the risk and you reap the rewards. We will discuss later why trading is so difficult for so many people who don t have a clue. A fact about trading is that you must have a burning desire to become successful or chances are you will be a failure. I have read that over 95% of traders lose money. This is a statistic that you do not want to be a part of. Now that I have told you the obvious, the question that must be answered is how you can be in the 5% who is profitable? 2007 Futures Trading Coach.com 5

6 Do you have the tools to make it in the trading business? Can you smell the money? Is your desire different than all of those people who get up every morning and go to the rat race game? I personally know that if you have what it takes then your odds of success are greatly enhanced. Everyone has a desire to be rich! The problem is they have no one to show them the path that must be taken and the sweat that must be dripped from ones forehead in order to achieve this. I realize that a marathon is a process that if done right is very rewarding. Trading is the same as a marathon from a learning perspective. Once you learn most of the basics of trading, it is at that time that a light bulb will go off in your head and your desire will become a reality. Trading is a profession reserved for those who not only want to be extremely successful, but for those people who want to be free from that 3 letter word called a J.O.B. If you desire to go out for a round of golf during the day no one is at the door asking where Mr. J.O.B. is. I think you get the idea by now. You are free to do what you want, when you want to do it. I can tell you from my experience that there is not a better feeling a trader can have then having a great morning trading and then going out and enjoying their favorite pastime. OK, that's if for chapter one. In the next chapter about DISCIPLINE, be prepared for a very loud wakeup call in your ear Futures Trading Coach.com 6

7 The Futures Trading Mastery Course Chapter 2 - DISCIPLINE In Chapter 1 we discussed your Desire to become a successful futures trader, how most people never realize this dream, and what you can do to be among the winners. In this Chapter we are going to look at the second critical distinction between professional, profitable traders and everyone else...discipline. I hope that your ears are ready for the wakeup call that I promised to you in the last Chapter. For a futures trader to be successful, DISCIPLINE is without question a must. You may have heard that in real estate its location, location, location. In trading its discipline, discipline, discipline. When you act as a trader you must have a plan of attack each and every day. We call this a plan of action that must become habitual in nature. The most successful traders have a methodology they trade by or a system they use to maintain this discipline. I can tell you from years of experience that without discipline you are doomed. Think of discipline the same way as when you were a child who misbehaved and mom told you that when dad gets home you are in big trouble. Always follow your set of rules and if they are good then you are in the minority. You must take the trades that match your rules or methodology. The rules are pre-set by you and you must stick to your plan. There is no room for deviation from your discipline. What happens when you lose your sense of discipline? The answer is your emotions take over because you are no longer trading in an objective manner. If you have some subjectivity in your discipline then you follow that. There needs to be an element of subjectivity in you methodology. I believe that trading is a combination of an art and a science. Discipline requires that you have a trading plan and that you don t trade off of emotion. Also, always take a profit when your system tells you to do so. Limit your losses to small ones and let your winners run. That last statement sounds great but it is not always as easy as it sounds. I make it a habit to stick to my discipline. That means that I have to follow 12 rules that fit my methodology before I can even think about entering a trade. There are no short cuts if you are going to become a serious trader. A shortcut will do one thing and that is cut you profession of trading short! Why is discipline so important? 2007 Futures Trading Coach.com 7

8 I have heard traders tell me what they think the market is going to do, what they think will happen after lunch, I can trade without a discipline, this is an obvious move etc. The point that I am making is discipline is the most important part of trading. It is also the most difficult to master. If you have patience you can be taught discipline as it a learned behavior in trading. The bottom line is discipline creates successful traders. Successful traders have discipline. A methodology that you can define by a set of rules that are followed to the n'th degree will put you on the path to success. I would never put my trading career on the line due to a lack of discipline and neither should you. I hope you re ready for chapter three which will concentrate on trading setups. These are the crux of the entry Futures Trading Coach.com 8

9 The Futures Trading Mastery Course Chapter 3 - Finding High Probability Trade Setups In Chapter 2 we discussed how discipline is critical if you are to become a successful futures trader and why a lack of discipline will guarantee failure in the trading industry. In this Chapter we are going to look at the third critical distinction between professional, profitable traders and everyone else...how to identify high probability trade setups. But first of all I would like to personally congratulate you on making it this far in the course. By learning and implementing the ideas and strategies you learn here you will have a very good chance of becoming the profitable futures trader you know you can be... Ok, so what is a high probability trade setup? The simple answer is when you have a higher probability to succeed in the trade. The setup is defined as a set of rules that are pre-determined prior to entering a trade. An example of this could be a typical double bottom formation. This formation may cue you off so that you take the trade setup. The chart below shows a classic double bottom formation. Notice the powerful, explosive move out of the formation once it confirmed Futures Trading Coach.com 9

10 We also have double tops that act at times as great setups. The key is to understand why a trade setup is the pre cursor to entering the trade. When we see the same patterns occur day in and day out, we must take advantage of these setups so that we can profit from this potential. There are literally dozens of trade setups that I look for and when spotted I have a finite amount of time to enter that trade. You will learn all of the setups as I have without all of the pain and suffering that I have gone through over all of these years. My favorite trade setup is when there is a continuation of the trend. The setup occurs at times by a retracement of one to three points in the opposite direction of the trend. At that time you will see the setup that tells you to enter the trade so that you can participate in the trend continuation. The chart below shows a typical series of trend continuation setups that would have resulted in good profits for anyone knowing what to look for... It can be very difficult to spot trade setups when you don t know what you are looking for. I can show you the proper way to take advantage of the easiest trade setups in the business. I am not saying that it will be easy but we will make it easier. Another one of my favorite trade setups is a head and shoulders formation. I can show you how a head and shoulders formation forms and what to do when you see it. A setup in and of itself is not enough of a reason to enter a trade. There are other indicators that need to fall into place before you can take the trade. I will teach you all of the secrets that I have learned. A lot of traders ask me why I am so patient when I trade so I tell them the exact reason. The reason I am patient is that my desire to have discipline allows me to wait for the proper trade setup. Trading is a methodology that can be extremely rewarding if you follow all the rules that 2007 Futures Trading Coach.com 10

11 make a trader successful. I will teach you all of these rules as well as my personal rules that have never been released before. You owe it to yourself to learn all of the trade setups. All of the trade setups are different for all traders. You need to know which ones make the most sense based on high probability. The reason we trade is for profit. You need to learn the smartest ways to trade so that you can maximize your potential gains on every trade. Rules in trading are our special bible. We create this bible by knowing all the rules or we lose and the losses can be dramatic. In the next Chapter we will discuss the rules of executing a trade 2007 Futures Trading Coach.com 11

12 The Futures Trading Mastery Course Chapter 4 - EXECUTION In Chapter 3 we discussed how to identify high probability trade setups and what to look for when trading the market. In this Chapter we are going to look at the forth critical distinction between professional, profitable traders and everyone else...execution of your trades to capture the maximum profit. The process of filling your order is known as trade execution. Trade execution is extremely important because it tells us where your entry or exit price was. When we have fast markets (also known as volatile markets) we must be very vigilant with our executions. The two main ways to enter or exit an order for execution is by way of market order or limit order. A market order is an order that is placed at the current price of the market. That does not mean that you will get that price as an execution because in a fast market there is a term called slippage which occurs in very fast markets, more that in slow markets. A limit order is an order to buy or sell at a specific price. A limit order is also a resting order meaning that when the market gets to your price point your limit order may get executed. The reason that the order may get executed rather then definitely get executed is because your limit order automatically turns into a market order once the price is reached and then you need to see if enough orders are filled or executed so that you can see if your order is executed. You will learn from me how to properly place an order so that it has a higher probability of getting executed. The secrets of trading these complex markets lie in your ability to commit to your discipline and trust your instincts. There is not an easy way to trade but there is a smart way to trade and win. I will show you the right verses the wrong and the good verses the bad. In order execution it is your innate ability to see what the market is doing and watching what we call the price action along with several other factors that make the market act the way it does. A trader has a responsibility to learn the tools of the trade. This learning process can be a fast one or it can be a slow process. I will put you in the drivers seat immediately once you have a full understanding of the markets. Trading is a science but more of an art form. The difference between a successful trader and one that is unsuccessful can be measured with a 1-inch ruler. This is your margin of error so use it wisely. I will show you what I know and give you over a decade of real experience at your fingertips so that you can propel yourself into the real world of the trader Futures Trading Coach.com 12

13 You have to ask yourself one major question RIGHT NOW and that is how serious am I about becoming the best trader I can be? If you use a scale from a 1-10 and you are not at least a 7 then you are wasting your time. The drama game of Wall Street is fast, furious and fun. It is for people who want to better themselves and their family. We are approaching the final Chapter of The Futures Trading Mastery Course so put your motivation hat on so that you can get through this part. We will be focusing on YOUR SUCCESS as a trader, and why I can be the biggest asset to you in your trading career. This is your day to fully realize your potential that can be made in the markets so my questions to you is this would you like to become one of the top 5% of traders who are consistently profitable and who approach the market every day knowing exactly what to do in any trading situation? If you are, then make sure you book in for your FREE 30 Minute Trading Consultation where we can discuss your goals and trading strategy and possibly make the breakthrough you have been searching for. Learn More Here 2007 Futures Trading Coach.com 13

14 The Futures Trading Mastery Course Chapter 5 - On Successful Trading Welcome to Part Five of The Futures Trading Mastery Course. WOW, you've made it to Chapter 5...Did you heed the advice and come prepared for the day s events? I am sure that you have or you would not be reading this!! In this final Chapter we are going to focus on motivation, your success, and your wallet. Let s start with your motivation for trading in the first place. You must be different then most people who work their J.O.B. The 9-5 job doesn t do it for you anymore or more likely never did. You have realized that you want more out of life and know that your job will not afford you that opportunity so you must take action and become the great trader that you want to be. With this in mind, I'd like to invite you to become a Charter Member of my intensive, 5- Day LIVE Emini Mastery Coaching Program. If you are motivated, I will SHOW you how to become a successful Emini trader. All of what I know will be transferred into your brain and you will learn at your own pace. Motivation is getting up in the morning and being ready to do whatever you need to so that you have a productive day. A productive day to me is trading properly because I know that if I trade properly based on my discipline I will make a lot of money. All traders learn at there own pace and that is what should be expected. Your success is very important to me. I am your toolbox for as long as it takes for you to get to a comfort level in your trading education. Once you feel that your toolbox is full of tools that will make you successful then and only then will I feel comfortable. You are probably wondering what I want and what I can do to make you the best trader that you will become and that is a great question. As an Emini Mastery Coaching Program member, I CAN AND WILL MAKE YOU THE BEST TRADER YOU CAN POSSIBLY BECOME. There are no ifs, ands or buts. If you show me what you need we will harvest it together. This coaching and mentoring program is designed for winners so that you wallet can be bigger with knowledge. This knowledge can turn into a large sum of money by replicating the price action of the market Futures Trading Coach.com 14

15 As a Emini Mastery Coaching Program member... I will educate you I will show you step by step how I trade I will alert you to happenings in the market I will ground you for success I will teach you what you should stay away from I will to you every day all the important economic events I will all of the support and resistance zones each morning And much more!!!!!!!!!!!!! I can t guarantee success because that is impossible to do. I will guarantee that I will work with you until you get it the same way that I have it. Once you are a member of the Emini Mastery Coaching Program, you are a member for life. That right, for LIFE. I have and always will put my money where my mouth is. REMEMBER, my success depends on your SUCCESS. The guarantee that I just made to you is priceless. My methods are proprietary and you will be privy to them because you are a student for LIFE. Now Emini Mastery Coaching Program membership isn't open to everybody and we are very particular about whom we invite to join us. But if you are serious about becoming a very profitable futures trader and you would like to join us as a Charter Member. Get All The Details Here Not quite ready yet? To help you to get started on the road to profitable Emini trading, there are two other ways I can help. Option #1 Get a FREE 30 Minute Personal Trading Consultation With Sam Goldberg If you've ever wanted to improve your trading results but you're just not sure where to start, you'll want to take advantage of this strictly limited opportunity. I'm offering 20 serious traders who understand that their trading results won't just magically improve unless they take action, a FREE 30 Minute Trading Consultation. In this half hour session (valued at $250) we will - Look at the markets you trade and discuss how you can improve your results Compile a 'Trading Fact Sheet' so I know what your goals and aspirations are 2007 Futures Trading Coach.com 15

16 Discuss concrete steps you can take to make measurable changes to your trading business This offer is only available to the first 20 people who register, so if you are ready to make massive improvements to your trading results book your session here and I'll get back to you with a confirmed time for your Free Trading Consultation. Option #2 Watch Me Trade LIVE I'd also like to invite you to watch over my shoulder as I trade the market LIVE, IN REAL TIME for a full day. If you'd like to see for yourself how a professional trader makes a living from the Emini, visit this page for all the details. In closing I would like to thank you for reading The Futures Trading Mastery Mini Course. There are many courses out there in the world of trading and most of them are absolute garbage. The reality is that if you join us as a member of the Emini Mastery Coaching Program I will train you so that you never feel LOST!!! Remember, there is never a better day to get started than today! Thank you for reading, Futures Trading Coach.com P.S. If you are serious about trading the Emini market for a living, make sure you either grab this opportunity for a Free 30 Minute Trading Consultation or watch me trade the market LIVE for a Full Day. Who am I doing this? I want to prove to you that I can show you how to profit from the markets. P.P.S. Or if you are serious about taking charge of your future and you want to take your trading to the highest level, apply for Charter Membership of the 5-Day Emini Mastery Coaching Program now. I guarantee that I will work with you until you get your trading to the same way that I have it Futures Trading Coach.com 16

17 Once you are a member of the Emini Mastery Coaching Program, you are a member for life. That right, for LIFE. Visit this page now for all the details and let's work together to develop you into a successful trader... Futures Trading Coach.com Risk Disclosure Statement The risk of loss in trading commodity futures contracts can be substantial. You should, therefore, carefully consider whether such trading is suitable for you in light of your circumstances and financial resources. You should be aware of the following points: (1) You may sustain a total loss of the funds that you deposit with your broker to establish or maintain a position in the commodity futures market, and you may incur losses beyond these amounts. If the market moves against your position, you may be called upon by your broker to deposit a substantial amount of additional margin funds, on short notice, in order to maintain your position. If you do not provide the required funds within the time required by your broker, your position may be liquidated at a loss, and you will be liable for any resulting deficit in your account. (2) Under certain market conditions, you may find it difficult or impossible to liquidate a position. This can occur, for example, when the market reaches a daily price fluctuation limit ( limit move ). (3) Placing contingent orders, such as stop-loss or stop-limit orders, will not necessarily limit your losses to the intended amounts, since market conditions on the exchange where the order is placed may make it impossible to execute such orders. (4) All futures positions involve risk, and a spread position may not be less risky than an outright long or short position. (5) The high degree of leverage (gearing) that is often obtainable in futures trading because of the small margin requirements can work against you as well as for you. Leverage (gearing) can lead to large losses as well as gains. (6) You should consult your broker concerning the nature of the protections available to safeguard funds or property deposited for your account Futures Trading Coach.com 17

18 ALL OF THE POINTS NOTED ABOVE APPLY TO ALL FUTURES TRADING WHETHER FOREIGN OR DOMESTIC. IN ADDITION, IF YOU ARE CONTEMPLATING TRADING FOREIGN FUTURES OR OPTIONS CONTRACTS, YOU SHOULD BE AWARE OF THE FOLLOWING ADDITIONAL RISKS: (7) Foreign futures transactions involve executing and clearing trades on a foreign exchange. This is the case even if the foreign exchange is formally linked to a domestic exchange, whereby a trade executed on one exchange liquidates or establishes a position on the other exchange. No domestic organization regulates the activities of a foreign exchange, including the execution, delivery, and clearing of transactions on such an exchange, and no domestic regulator has the power to compel enforcement of the rules of the foreign exchange or the laws of the foreign country. Moreover, such laws or regulations will vary depending on the foreign country in which the transaction occurs. For these reasons, customers who trade on foreign exchanges may not be afforded certain of the protections which apply to domestic transactions, including the right to use domestic alternative dispute resolution procedures. In particular, funds received from customers to margin foreign futures transactions may not be provided the same protections as funds received to margin futures transactions on domestic exchanges. Before you trade, you should familiarize yourself with the foreign rules which will apply to your particular transaction. (8) Finally, you should be aware that the price of any foreign futures or option contract and, therefore, the potential profit and loss resulting there-from, may be affected by any fluctuation in the foreign exchange rate between the time the order is placed and the foreign futures contract is liquidated or the foreign option contract is liquidated or exercised. THIS BRIEF STATEMENT CANNOT, OF COURSE, DISCLOSE ALL THE RISKS AND OTHER ASPECTS OF THE COMMODITY MARKETS By continuing to read the content of this ebook, you hereby acknowledge that you have received and understood this risk disclosure statement. If you do not agree, please close this ebook now. Click Here To Return To The Top Of This Ebook 2007 Futures Trading Coach.com 18