Mindful Trader Review Eric Ferguson
Eric Ferguson is a swing trader that runs a service to help others learn how to be profitable. He uses a unique approach that seems to work well.
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Mindful Trader Review: Who is Eric Ferguson?
Mindful Trader was founded by Eric to help people become better swing traders. This is not a day trading service, so it’s best for people that want to buy and hold a stock for days or weeks.
Eric lives in California. He graduated with an Economics degree from Stanford University and is therefore a very data driven and intelligent person.
By applying analysis of probabilities to his trading he was able to escape from the typical inconsistent trading that most people suffer from. His attention to detail seems to have given him the edge to win.
Eric Ferguson has a great track record over the last 20 years with triple digit profits average yearly. The style Eric uses to trade is called swing trading.
Eric seems to have figured out that a strategy derived from data is the best way to trade – makes sense! Here are the yearly returns that Eric has reported.
What Eric does is complex. Here runs code, does statistics and uses 20 years worth of data to for these strategies. He doesn’t just have one strategy because he wants to lower risk and diversify.
He uses Monte Carlo simulations (something I learned about as a physicist!) to sample the data and model the likely outcome of each strategy. This is serious stuff!
It’s hard for me to believe his track record to be honest. I’ve never seen anything that is legit like it. But, it is important to remember that he hasn’t been real trading to get these numbers – they
Mindful Trader Review: What Do You Get?
Eric does all the data and math for you. So, don’t worry! You just have to subscribe and place the trades when he issues alerts. He keeps a nice record of his daily returns so you can see what is happening or what happened recently from his picks.
I really like this transparency. Showing twenty years or returns is very transparent and honest.
How much does it cost to subscribe to Mindful Trader?
It costs $47 a month to subscribe to Mindful Trader. You get 5-10 stock, options and futures alerts a week on average. The alerts come in via email.
The alerts seem to be typical for this industry with the ticker and if he went long or short on it. The alerts include purchase price, target price and stoploss.
From what I can see on the website, Mindful Trader is a legit service and actually seems to work. I think the cost is very fair.
The stocks that Mindful Trader alerts are swing trades on large cap stocks. The stock trades have an average time of 7-10 days. You can use small amounts of money to trade his alerts. However, you probably want to use $10k+ to make it worthwhile.
Mindful Trader Review
My impression of Mindful Trader is that it is a legit service that is great for people that are busy. I believe Eric is a smart, honest and transparent trader with his service. Twenty years of data showing a strategy works is impressive.
This service seems to have only started in 2020. Eric has demonstrated live trading of his strategies which is a big deal for me.
I highly recommend checking out Mindful Trader here for more information.