Frequently Asked Questions
Give me a quick explanation.
You become a member. Then you get my trades through the member’s area of this website. You’ll see what I’m going to buy and sell BEFORE I actually make the trades so that you can chose to make the exact trades I’m making, or not, the choice is yours. These are actual trades made with my money – not ‘recommendations’. In addition, I offer training videos and reports that can help you learn about the markets.
So how will I make money?
Using the DPR Service, you follow my trades: buy when I buy, sell when I sell, rest when I rest. Your money stays in your account. You will control, manage and trade your own money. You are not investing money with me.
How much time will all of this take?
If you use one of the DPR services, following my trades should take about 5-10 minutes a day.
How much money should I have in my account to begin?
If your goal is to learn how to trade, then you don’t need any money in your trading account. You can simply treat this as ‘trading school’. Watch me trade and learn.
I don’t even have a trading account – can I still use the site?
If you want to dive in and get going right away and don’t have a trading account, have a look into the brokers area of the website. We have a Canadian and American recommended broker listed there that we have chosen out of the vast number of options available to you as being the best in class for their service and ease of use. We have also included step by step instructions on how to set up your account with them, and their customer service is very good to teach you how to get around their websites. In addition, we have posted a “How to” guide about making trades within their systems to make it simple for you to get going. Again, if your goal is to learn, you do not need a trading account at all.
What sort of returns should I expect?
My objective is to double my trading account every year – a 100% return. Don’t let that scare you. Yes, I am an aggressive trader, but I hate losing money, and have strong risk controls in place. As a member, you’ll learn how I control risk.
Can you really achieve a 100% return each year?
No, I can’t. We will have years where we don’t quite make it to 100%, and we will have years when we exceed 100%. Over the long run, we can do very well. I aim to always take the maximum amount that the market will give me. I use really strong fundamentals to choose my stocks and trade robust systems that have proven to make money every year. This way I always give myself the chance for the best returns.
Is this a good time to trade stocks?
We can make money in up, down and sideways markets. It’s always a good time to trade stocks.
Do I have to know anything about stock trading?
No. You just need to follow my trades: buy what I buy, sell what I sell, and stay out of the market when I’m out.
Do you provide any training to help me get started?
Yes. I will provide you with a series of short videos and reports that show you everything you need to know: Here are some of the topics covered:
- Brokerage accounts
- Placing orders
- The Psychology of Trading
- Risk Management
- The Importance of Diversification
- The difference between the Bull and The Bear
- Trend Analysis Trading
- And more
Exactly how will I follow your trades?
DPR Members login and view a simple screen that shows what I have bought or sold, and stocks I currently own. You can also input your trading capital to show you how many shares/contracts I would be buying if I had exactly the amount of money you have – a very handy tool when you’re trying to calculate your risk.
Do You Make Mistakes?
Yes, I make mistakes and you’ll see all of them. I will try to analyze what I did right and what I did wrong so that you can also learn from my mistakes. That’s how we all learn, and I continue to refine my approach.
It is surprising how many mistakes you can make and still come out ok. Through proper risk control we keep our losses small, but then let our winners run!
What guarantees can you give me?
None. I can only promise that I will do my best.
$47 or $97 per month is a lot of money. How can I justify the expense?
Here are a few ways to think about it:
- The sites I use to do my analysis and charting cost me well over $250 a month and you are getting access to that through me, let alone my favorite charting software that ran me a cool $5000.
- I’m experienced, love what I do, and am a good trader. Think of me as a well-qualified and hard-working employee who you pay $3.19 a day to analyze the market for you.
- You will learn. Think of this as trading school with a $47 or $97 per month tuition.
- And lastly, if you stay with me for the long term, you will probably make money–hopefully a great deal more than $97 a month!
I have more questions.
We’d love to hear from you. If you have questions of any kind, please call 519-894-6929 from 9:00AM to 5:00PM Eastern Standard Time, or contact us via email.
What kind of experience do I need to start?
None. In fact if you have traded or invested unsuccessfully before, I am going to ask you to “wipe your mind clean” of all the old bad information
Can I trade my IRA, 401k or RSP with your systems?
Yes. You can’t use margin because the government that is in debt thinks they know better than you and they don’t allow margin accounts with RSP’s, IRA’s or 401k’s. Overall you will make a little less, but also risk less because of a few missed trades we took using our margin
How many trades per month does the system average?
I am a trend trader, so 1-2 per month is normal
How much start-up capital do I need?
Very little, minimum of $1,000 to open a broker account, but minimum of $20,000 if you want to trade futures. Remember, before you risk a dime you can demo trade or paper trade for as long as you want.
Why don’t financial advisors become a member and use your strategies for their own clients?
They should! They could make their clients a lot more money and therefore charge higher management fees if they did. The really smart ones should charge performance fees!
What personal assurance do I have that I will make money with this?
This systems I use even work best on the major indexes, particularly the Nasdaq. But as I say, you can paper trade using none of your own money until you’re happy it works. Remember, we’re going to manage our risks really tightly. However, no one can promise massive profits, or that you won’t ever lose money, that is against the law!
Do I have to trade every single day to make this work?
I recommend that you take 5 to 10 minutes out of your life Sunday to Thursday. This is not a system which relies on your trading every day in the hope that the good trades will statistically outweigh the bad ones and overall you come out slightly on top! If you miss your 10 minutes at night you can always do it 10 minutes right when the market opens in the morning.
There’s no sleeping with a computer under your pillow, or high-stress emotional trading decisions to make. And yes you can still take a few vacations per year with no trading. (I do recommend that you go to a cash position if you are unable to trade for a week or more)
This 10 minute timeframe requires no training once you know how to place an order in your trading account. So, as soon as you have an account and know how to buy, which I’ll show you, you are set and ready to make money every year in the markets.
Let me walk you through a typical night. I will make the trades for the next day available by 6pm EST Monday to Friday after the market closes. You simply place the trades I am making for the next day, you don’t need to pull up any charts, you don’t need to analyze any stocks, just follow what I have outlined on the DPR Management Tool.
If all of them are have no changes, it takes about 30 seconds. If there are new trades, or we need to adjust current trades it can take up to ten minutes. That’s it; you’re done for the day and go on with no stress.
I’ve tried trading systems before and they never work.
Most trading systems are complete and utter nonsense because frankly, the people behind them don’t know what they’re doing and/or don’t even use it themselves. My systems are different. Why? Because they work. They have been tested to death and the main components where designed by people a lot smarter than me! My systems work in both trending and consolidating markets.
If any “guru” can’t trade live or the day before the market opens with exact entries, stops and limits they should be avoided at all cost. That is how I trade and that is what you should demand from anyone who wants to sell you a trading course. Those of you that have bought other trading courses know exactly what I am talking about.
We are all on the same page, trading the same instruments and possibly using the same broker.
What qualities do I need as an individual to be successful in trading?
The ability to do as you’re told. If you can follow my trades, this will make you the sort of money we’ve been discussing. If you can’t do that and insist on over leveraging, day trading, trading things that I don’t have on my list, not following my system’s stop levels, etc., then please do not purchase.
I would prefer fewer members, than a bunch of new members who won’t follow simple instructions and lose their hard-earned money. My integrity is too important to me for you to lose money following my systems.
You do not need a bunch of special qualities like rock-hard emotion and the patience of a saint to make it with my systems. The mere fact that you read this far shows me that you want help and direction, so following my lead should not be a problem for you.
Will your trading system work in other markets?
Will this work for everyone?
No it won’t. It will only work for those who follow simple rules. It won’t work for you if you get easily distracted by a new “shinny penny” trading system….you know who you are!
What indicators do you use?
I built this site so that people could just look over my shoulder and start making money right away. If you want to learn about what indicators/charts to use then I am not necessarily your guy. Education does not come cheap, and I really encourage you to learn all you can, but my specialty is in doing, not teaching.
I can’t share the specifics of my system because that is for members only, but I will share with you what my system DOES NOT use:
It doesn’t use Fibonacci retracements, MACD, or Bollinger Bands.
It doesn’t use Gann analysis.
It doesn’t require any expensive software.
It doesn’t trade off of news.
It doesn’t use pivot points.
It doesn’t require previous market experience.
It doesn’t require a subscription to any service other than the one at HowDoITradeStocks.com
It doesn’t require you to stay glued to your computer all day.
It doesn’t use popular candlestick chart patterns