Chris Mercer

The New Tradesight Mentoring Course

As we said earlier in the year when we rolled out the new website and combined our services (stocks, futures, forex, and options) into one service and one price, we have been hard at work planning out the next version of the Tradesight Mentoring Course. I'm pleased to say that the planning is done and we will start recording modules this summer.

At Tradesight, we have always considered ourselves a Market Education company. We are not a trade calling service, although we do make calls in all of the asset classes. What we want is to teach people to become their own professional trader and think independently about how to approach the markets each day using all of the tools and analysis that we know works from nearly 30 years of experience from each of our analysts. We aren't here for you to just follow our trades. We want you to be able to spot your own, analyze the market, make good entry decisions, and manage the trades properly. We know from training over 1000 people directly for over a decade that the most successful traders understand all asset classes. In other words, understanding how to read a stock chart and analyze the market is good for trading stocks, but there are scenarios where using options instead of the stock itself is a better choice. Understanding futures gives you something else to trade that, once you understand how it works, also can help you make better decisions about your stock trading. Forex is sort of its own thing, but it is a good side tool for making money over the course of a year.

While we understand that for about $7.60 per trading day, we can do the market analysis for you and spot entry points in stocks, futures, etc., we are also thrilled when one of our students goes on to trade without us. We have helped many students become successful enough that they were able to start their own hedge funds. We consider this a sign of our success, not that they felt the need to follow our trades only or to chase our results, but that they became educated enough that they were able to use what we have taught them to build a successful career.

In the past, each of our programs (stocks, futures, forex) were separate. Many traders took them all. We also had an add-on course for options (which don't require an extended period of time to teach if you know how to spot stock setups). So now we are combining the course into one cohesive product. For those that only purchased one of the programs, you can add everything else for the difference in price between what you paid for one program and the new total price. You immediately get access to the existing course material for the other asset classes. So in other words, if you paid $3000 for the stock course, the new combined course costs $4500, so for the difference of $1500, you get the current futures, forex, and options material AND all of the new material.

But moving forward, we are redesigning everything so that they flow together. So in other words, we will teach chart patterns as they apply to all asset classes and indicators as they apply to all asset classes, but then have specific modules of the program that focus on certain things that are unique to stocks, futures, forex, and options. For example, for those that are familiar with our powerful Seeker and Comber tools, there is no need to teach them once for each asset class as they work the same on any chart. However, Opening Range trades in futures are still their own standalone thing.

So, we feel that we have developed a great order to train people about all of these things in a way that builds on each piece so that they can include all of the key asset classes along the way to expand their education and make them more successful instead of just learning about stocks, then maybe futures separately, then maybe forex. These assets all have things in common, and it is better to point those out along the way while also giving direct instruction where necessary on specific asset class information.

As we complete this new program, the modules will be available in the website after you login rather than separate links sent to you. So you can always login, go to the Course menu, and see the modules below. If you have only paid for the stock program so far, for example, you won't see any of the modules that are specific to futures, forex, or options, but you will get the broader overlap modules. But for all new students, the entire program will be available. As usual, we will only allow you to move along as we are convinced through our private one-on-one mentoring sessions that you understand the material that you have been given. And we will work with you through the weekly blotter review process to help you improve properly.

We wrote the current programs in 2014-5. We have learned a lot about the order that we teach things in and where it might be beneficial to traders to move some of that around, so that will happen.

This is not a short process. It takes a good amount of time to write each module and then record it properly. But, we will begin that process in June, and possibly roll out many of the early modules fairly quickly. I do expect it to take most of the rest of the year to finish everything that we have to record because there is so much in our program. Anyone who has paid for all of the programs so far will automatically get all of the new material as it becomes available with their continuing monthly subscription. This includes weekly private mentoring sessions.

We are excited to undertake this new endeavor for you, and we look forward to making you a successful trader on your own.

The Tradesight Team

by Chris Mercer