Mindful Trader is a stock picking service that aims to help traders boost their portfolio with simple and effective strategies. Founded by Eric Ferguson, Mindful Trader offers stock buy alerts, a watch list, and live positions for swing traders with holding periods of about 1 to 2 weeks.
Backtest performance data shows annualized returns ranging from +32% to +320%, making it an attractive option for traders looking for high returns.
This article explores the features and benefits of Mindful Trader, including Eric’s primary momentum strategy, trading education, and subscription options. We will examine the service’s trading strategies and how they can help traders achieve their financial goals.
Furthermore, we will analyze the subscription options and features available, as well as provide recommendations for those interested in using Mindful Trader to boost their portfolio.
Whether you are a seasoned trader looking for a new strategy to enhance your portfolio or a newcomer to the stock market, Mindful Trader may be the solution you are looking for.
Key Takeaways
- Mindful Trader is a stock picking service founded by Eric Ferguson, offering stock buy alerts, a watch list, and live positions.
- The service offers trading education, including videos on how to trade stocks, pick stocks, and use Think or Swim, and has recently added options and futures education sections.
- Subscribers have access to all features right from the beginning for a subscription fee of $47 per month, and can message Eric directly with questions and suggestions.
- Mindful Trader is best for swing traders with holding periods of about 1 to 2 weeks, and offers a straightforward and simple-to-use platform with excellent transparency.
Service Overview
The service overview of Mindful Trader includes a range of features that are designed to assist subscribers in their trading endeavors. These features include stock buy alerts, a watch list, live positions, and trading education. Subscribers gain access to these features for a monthly fee of $47, which is a relatively low cost compared to other trading services. Moreover, these features have been tested on the daily time frame for 20 years before the service went live, which is a testament to the robustness of Mindful Trader’s strategies.
One of the benefits of swing trading is that it can lead to a more relaxed approach to trading compared to day trading. Mindful Trader’s strategies are based on momentum trading with a maximum holding period of a few days, making them suitable for swing trading. The historical performance data of the last five years shows annualized returns ranging from +32% to +320%, which is a strong indication of the effectiveness of Mindful Trader’s strategies.
Therefore, subscribers can benefit from the service’s features and historical performance to boost their portfolio.
Trading Strategies and Education
Eric Ferguson’s primary trading strategy is based on momentum with a maximum holding period of a few days, and the Mindful Trader service offers a range of educational content including videos on stock and options trading.
Momentum trading is a strategy that involves buying stocks that have already shown an upward movement in price, with the expectation that the trend will continue.
The Mindful Trader service offers educational videos that cover the basics of stock trading, including how to pick stocks, how to use the Think or Swim platform, and how to trade stocks effectively. Additionally, the service has recently added options education and futures education sections to help traders who prefer to trade with options or futures instead of stocks.
The educational content provided by Mindful Trader is beneficial for all new investors who join the service, as it provides them with the necessary knowledge and skills to start trading effectively.
The Mindful Trader service also offers a paper trading account to help subscribers practice their trading skills before investing real money. This feature is particularly useful for new traders who are still learning the ropes of trading.
Moreover, the service offers a protective stop and a profit target for each trade, as well as options contracts information for traders who prefer to trade with options instead of stocks. The platform also generates about three new trades on average every trading day, providing subscribers with ample opportunities to invest.
Overall, the Mindful Trader service offers a range of educational content and features that can help investors improve their trading skills and boost their portfolio.
Subscription and Features
Subscribers of the Mindful Trader service benefit from a range of features that can help them make informed trading decisions. The platform offers a protective stop and a profit target for each trade, which can be helpful in managing risk.
The service also provides options contracts information, allowing traders who prefer to trade with options instead of stocks to make informed decisions. Additionally, Mindful Trader offers a zero commissions trading platform, which can make trading more efficient and cost-effective.
In terms of pricing, Mindful Trader’s subscription fee is $47 per month. While some may consider this price to be on the higher side compared to other stock picking services, the features and education offered by Mindful Trader justify the cost.
Moreover, the service generates about three new trades on average every trading day, providing a steady stream of opportunities for subscribers.
In conclusion, the subscription benefits of the Mindful Trader service, including a protective stop and profit target for each trade, options contracts information, and a zero commissions trading platform, make it a valuable tool for investors looking to boost their portfolio.
Founder: Eric Ferguson
Despite the fact that Eric Ferguson struggled with trading in the past, he has invested a significant amount of time and money to develop successful trading strategies for Mindful Trader. Eric holds a degree in Economics and achieved a perfect score on the math section of the SAT test, demonstrating his strong background in finance.
He invested $200,000 and four years of his life to define clear trading strategies and evaluate their historical success rate. His primary strategy is a momentum strategy with a maximum holding period of a few days, which has been tested on the daily time frame for 20 years before the service went live.
Eric’s trading philosophy is centered around the idea of simplicity. He believes that a straightforward approach is the best way to trade profitably and efficiently. Eric shares his market commentary email with subscribers each day, offering insights into the stock market and valuable information about the options and futures trading.
He also offers educational content for all new investors who join Mindful Trader, including videos on how to trade stocks, pick stocks, and use Think or Swim. Overall, Eric’s extensive experience and expertise in finance make him an excellent resource for anyone looking to boost their portfolio.
Recommendations
Based on the review, it is recommended to subscribe to trade alert services that have proven to outperform indices like the SP 500 and Nasdaq 100. However, it is essential to note that professional traders lose money just like private investors do. Therefore, before subscribing to any service, it is crucial to conduct thorough research and analysis to ensure that it aligns with your investment goals and risk tolerance.
Emotional management and market analysis techniques are crucial in achieving success in trading and investing. Trade alert services like Mindful Trader provide educational content to help new investors develop the necessary skills and knowledge to make informed decisions. Additionally, the service’s simplicity and transparency make it an ideal choice for those looking for a straightforward approach to trading. The table below summarizes the key features of Mindful Trader, highlighting the service’s benefits and drawbacks, helping investors make informed decisions.
| Features | Pros | Cons |
|---|---|---|
| Stock buy alerts | Provides real-time trading opportunities | Limited trading opportunities |
| Educational content | Helps new investors develop skills and knowledge | May not be suitable for experienced traders |
| Protective stop and profit target | Helps manage risk and maximize profits | May not be suitable for high-risk investors |
| Options contracts information | Offers flexibility in trading | May not be suitable for beginners |
| Zero commissions trading platform | More cost-effective compared to other platforms | Limited trading options |
| Minimum subscription time | Provides flexibility in subscription | May not provide enough time to evaluate service effectiveness |
Frequently Asked Questions
How does Mindful Trader determine which stocks to pick for its subscribers?
It is quite ironic that a stock picking service, such as Mindful Trader, which claims to have a simple way to boost one’s portfolio, uses technical and fundamental analysis to determine which stocks to pick for its subscribers.
Technical analysis involves studying past market data, such as price and volume, to identify patterns and trends that may predict future price movements. On the other hand, fundamental analysis involves analyzing a company’s financial and economic factors, such as earnings, revenue, and industry trends, to determine its intrinsic value.
Mindful Trader combines these two approaches to identify potential stock picks that meet their criteria for profitability. While this may seem like a technical and analytical process, Mindful Trader makes it engaging for its audience by offering educational videos and a zero commissions trading platform to make trading more efficient.
Ultimately, the service aims to provide its subscribers with a sense of freedom and control over their financial future.
Does Mindful Trader provide any resources or guidance for risk management?
Mindful Trader’s approach to risk management is an integral part of their trading strategy. Eric Ferguson, the founder of Mindful Trader, emphasizes the importance of incorporating mindfulness into trading, which includes being aware of one’s emotions and managing risk accordingly.
The service offers a protective stop and a profit target for each trade, and subscribers are encouraged to paper trade before making real trades with Eric. Additionally, the service provides educational content on how to pick stocks, use trading platforms, and manage risk.
Mindful Trader’s transparent approach allows subscribers to understand the exact trading parameters, which can aid in making informed decisions and managing risk effectively. By incorporating mindfulness into trading and utilizing the resources provided by Mindful Trader, subscribers can benefit from a more disciplined and strategic approach to risk management.
Can Mindful Trader be used by traders who prefer to trade options instead of stocks?
Options trading strategies are a popular choice among traders, and Mindful Trader recognizes this by offering options contract information for subscribers who prefer to trade with options instead of stocks.
While Eric Ferguson’s primary strategy is a momentum strategy with a maximum holding period of a few days, the service has added options education and futures education sections recently.
Mindful Trader’s approach to options trading is to provide subscribers with insights into the stock market, options, and futures trading and to generate about three new trades on average every trading day. The service offers a protective stop and a profit target for each trade, which can be utilized by traders who prefer options trading strategies.
Mindful Trader’s transparency level is excellent, and the exact trading parameters are shared with subscribers, making it a valuable resource for traders who want to incorporate options trading into their portfolio.
Does Mindful Trader offer any kind of guarantee or refund policy for its subscribers?
Mindful Trader offers a subscription-based service for stock picking and trading education. However, it is unclear whether they offer any kind of refund policy or subscription guarantee for their subscribers.
The lack of information on this matter suggests that the company may not provide a refund policy or subscription guarantee.
It is recommended that potential subscribers conduct their due diligence before subscribing to any services and inquire about any refund policies or subscription guarantees that may be in place.
How does Mindful Trader’s performance compare to other stock picking services in the market?
Based on a comparative analysis of Mindful Trader’s performance, it has shown remarkable results compared to other stock picking services in the market. For instance, the backtest performance data of the last five years shows annualized returns ranging from +32% to +320%.
Additionally, the service generates around three new trades on average every trading day, providing ample opportunities for subscribers to diversify their portfolio. Mindful Trader’s approach to portfolio diversification is commendable, as it offers a protective stop and a profit target for each trade. Moreover, the service offers options contracts information for traders who prefer to trade with options instead of stocks.
The transparency level is excellent, and the exact trading parameters are shared with subscribers. Overall, Mindful Trader’s performance is impressive, and its approach to portfolio diversification is noteworthy, making it stand out from its competitors in the market.
Conclusion
In conclusion, Mindful Trader offers a comprehensive stock picking service that is ideal for swing traders who are looking for a simple and effective way to boost their portfolios. Eric Ferguson’s primary momentum strategy, combined with his trading education, provides subscribers with the tools they need to succeed in the stock market. With annualized returns ranging from +32% to +320%, the backtest performance data speaks for itself.
The subscription options offer a variety of features that cater to different levels of experience and investment goals. Whether you’re a beginner or an experienced trader, Mindful Trader has something to offer.
Overall, Mindful Trader is a valuable resource for anyone looking to improve their trading performance and achieve their financial goals.
