Mindful Trader is a stock-picking service and trading platform focused on swing trading services, a short-term trading strategy aiming to profit from price changes over a few days to weeks. The service was created by Eric Ferguson, who has a degree in economics from Stanford University and over 20 years of trading experience.
Eric Ferguson developed Mindful Trader after struggling early in his trading career. He found most services lacked evidence-based research and were focused more on sales than actually helping traders. Eric uses his own money when making trade alerts for subscribers, so his interests are aligned with members.
The service identifies stocks with the potential for quick price jumps. Eric Ferguson’s system scans the market for opportunities using statistics and data. Whenever he buys or sells stock in his account, an alert is sent to subscribers with details on the trade.
For those interested in a fast-paced trading service with a track record of success, Mindful Trader could be worth a look. Eric Ferguson’s experience and transparency set it apart from most other stock-picking services. With the right discipline and risk management, Mindful Trader may lead to solid annual returns for swing traders. Here is a detailed Mindful Trader review detailing its pros and cons.
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Pros of Using Mindful Trader
If you’re looking for an honest, no-frills trading service, Mindful Trader deserves your consideration. Here are some of the major pros of signing up:
Steadfast Focus on Trading
Eric Ferguson has remained consistent in his approach, concentrating on what he does best – trading. His focus isn’t marketing his service or making extravagant promises. Instead, he provides straightforward trading guidance to help you achieve realistic profits.
Simplistic Website Design
While some may find Mindful Trader’s website a little outdated, we see it as refreshingly simple and straightforward. No hype, no hard sells, just the facts about Eric Ferguson’s trading methodology and service. This simplistic style reflects Eric Ferguson’s authentic approach.
Authenticity and Transparency
Mindful Trader is a breath of fresh air in an industry often cluttered with over-the-top sales language and gimmicks. Eric Ferguson doesn’t make exaggerated claims or promises of huge, quick profits. He’s transparent in communicating both the opportunities and favorable risks of trading. His authenticity and integrity are evident in all of his communications.
Focus on Service, Not Sales
One of the most compelling aspects of Mindful Trader is Eric Ferguson’s focus on providing a top-notch trading service rather than being a skilled salesperson. He’s not pushing you to sign up or dangling unrealistic incentives. Instead, he concentrates on educating you about his trading strategy and giving you the opportunity to determine if his service is the right fit based on your needs.
Cons of Using Mindful Trader
Mindful Trader can be on the pricier side for newer traders, especially if you’re just getting started with trading. The monthly subscription fee may seem steep, and it requires an upfront financial investment to fund your brokerage account.
Who is Mindful Trader Best for?
Mindful Trader is tailored for certain types of traders and investors. If any of the following describes you, this service could be a great fit:
- Busy Individuals: If you’re interested in trading but lack the time to research the markets, Mindful Trader does the heavy lifting for you. The experts analyze the individual stock markets and provide stock alerts so you can take action quickly without having to pore over charts and data yourself.
- Data-Driven Investors: Do you prefer making trading decisions based on hard numbers rather than gut feelings? Mindful Trader is focused on quantitative fundamental analysis and statistics. The team uses algorithms and backtesting to determine the best setups and entry points.
- Learning Traders: Want to understand why a trade is being entered and how to interpret the financial markets? Mindful Trader provides an educational component with each stock trade alert. They walk you through the reasons for entering a position so you can start to develop your trading skills over time.
- Swing Traders: Mindful Trader is geared toward swing trading, meaning holding positions for a few days to a few weeks. If you’re looking to profit from short- to medium-term price moves, the trade alerts should align well with your style.
Is Mindful Trader Worth It? Our Final Verdict
So, is Mindful Trader worth the investment? Based on our analysis, the answer is yes for the right trader. Mindful Trader is an excellent service for swing traders looking to leverage data and analytics to make smarter, risk-managed trades.
The team takes a systematic, data-driven approach to identify trades with a high probability of success. They backtest all trade ideas using 10+ years of historical data to determine optimal entry and exit points before presenting them to members.
However, Mindful Trader may not suit long-term investors or day traders. Swing trades typically last 3-15 trading days, so if you’re looking to invest for the long run or make rapid intraday trades, this service isn’t optimized for your needs.
At $47/month, Mindful Trader is very affordable, given the quality of service. While the cost may deter some new traders, the potential to generate solid returns consistently makes the subscription worthwhile. The more you trade, the more value you’ll get from the service. Click here to sign up for Mindful Trader today.
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