MBoxWave Apprenticeship & Training
"The first rule of a good trader is to ASK for help."
NEW CUSTOMER BUNDLE - $1899
EXISTING CUSTOMER - $999
LIFETIME MBOXWAVE Training
Overview of Training
Below you will find answers on how we structure the MBoxWave Apprenticeship & Training for new traders. We use both a Private Chat Room for text chat with image / file sharing and Screen Sharing with FULL Voice conversation because it allows us to share a screen during live market hours and trading early in the session. We cover all of the MBoxWave setups in detail especially the Algorithmic Buy / Sell Signals and strategies such as Fatty Momentum Strategy and Buy / Sell Imbalances Strategy. You will learn the most important aspects of trade management and trading psychology including entries, exits, stops, position sizing, risk management, profit taking, maximizing gains, minimizing losses, while maintaining minimal emotional exertion and reducing self doubt. The end result is you will be trading with a plan that can be followed, while maintaining self discipline.
Some details about the training room. I trade early and start with the London session at 3:00 am EST and the room runs into the Crude Oil close at 2:30 pm EST. On many days we run the room all the way to the cash close at 4:00 pm EST. We watch the markets at 8:20 am EST (GOLD open) and then watch to see if there are economic reports out at 8:30 am... sometimes these reports can put the markets in a tailspin or RIP to the upside as morning traders at Hedge funds or Large Speculators start to put positions on. Then we watch the markets at 9:00 am EST (CRUDE OIL open) and the U.S. stock market open 9:30 am EST (by this time everything is open and we open the Live Screen Sharing as the markets pick up the pace. The first two hours are really the best trading all day.
Many traders who are excited to learn or eager to make winning trades forget something about Day Trading versus Swing Trading... you have to deal with diminishing energy returns (most traders are completely clueless about this). Read this to better understand why you have a 2 to 3 hour ZONE where you will have your best trading results
Since the Training room is structured like a Mastermind Group, this has several benefits as it allows new traders to learn and follow the experienced traders in the morning. We have Ex-Floor traders, Fund Managers and Market Makers who have our product. So what we do is blend this information into the Live Trading room and we use trading tools that allow you to see the Passive and Aggressive game live... we can see where orders are sitting in the book and therefore use this information for our advantage... and we share it with you.
What happens is we will focus this time of the day to look for trades setups. In the morning its busy so you need to concentrate on setups, but once traders are finished then you will find them talking and helping those who are looking for setups. This works out best for the experienced traders because once they have finished trading they can direct their attention to helping new traders or traders that want to learn and go over what trades they see and can learn from other members (this is where the apprenticeship learning really helps the trader accelerate the new traders learning curve).
- How long does it take to go through the training? Weeks? Months?
Here is another advantage... go at the pace YOU want not what is spoon fed to you. There is no rush to learn anything, the markets will be there tomorrow, so take your time. We have new people joining the room all the time, so we repeat and cover the same material numerous times. What's interesting is people tell us, the repetition of hearing the material many times allows them to solidify the concepts.
Instructor: Matt Bowen
Bio: Veteran trader with 30+ years of experience. Full time trader using MBoxWave Wyckoff Trading System