Professional Day Trading

[EMC2Trader 10]

Professional Day Trading and How to Win - The E=MC2 Method and the S&P E-Mini Market

 

Available on Amazon

 

"Finished the book and if I never make a trade using this method, the information you present is great. Have never seen the market as clearly as I do now..."

 

"One thing I like about the book is that you start from the high timeframes and work your way down to the trade. Exactly the opposite of what most of us do..."

 

"Of all the systems/methods I have bought, and believe me there have been many, this is the most well thought out method I have seen. Your book really does teach a "way to trade" instead of just a set of rules to mimic..."

 

"What impresses me about the book is how you have combined one simple screen full of charts to consistently and effectively build a framework of dynamic context within which to assess unfolding market conditions..."

 

"My account is up well over 30% since I began trading futures with the E=MC2 method. Thanks again and again. The fund I manage is also able to control risk better using your methods and trading SPY..."

[EMC2Trader 10]

Amazon.com: Professional Day Trading and How to Win: The E=MC2 Method and the S&P E-Mini Market (9780945272502): Steven Nussbaum: Books: Reviews, Prices & more

[UrmaBlume 10]

Professional Day Trading and How to Win - The E=MC2 Method and the S&P E-Mini MarketAvailable on Amazon"Finished the book and if I never make a trade using this method, the information you present is great. Have never seen the market as clearly as I do now...""One thing I like about the book is that you start from the high timeframes and work your way down to the trade. Exactly the opposite of what most of us do...""Of all the systems/methods I have bought, and believe me there have been many, this is the most well thought out method I have seen. Your book really does teach a "way to trade" instead of just a set of rules to mimic...""What impresses me about the book is how you have combined one simple screen full of charts to consistently and effectively build a framework of dynamic context within which to assess unfolding market conditions...""My account is up well over 30% since I began trading futures with the E=MC2 method. Thanks again and again. The fund I manage is also able to control risk better using your methods and trading SPY..."

 

All of that text is just copied from the back cover. There are no reviews from the public on Amazon.

 

Are you the author? If so, or if you have read the book - why not give us enough of the content/method to tease us into buying the book?

 

 

UB

[EMC2Trader 10]

UB,

 

Hi...Yes I am the author, and the book is brand new so that's why there are no reviews at this time, although the testemonials on the back cover are authentic from a time when I offered the material in a different form with more full time support.

 

Without getting too heavy into shameless promotion, and having read many, many of the trading books out there over the years (the good and the bad), I will simply say I have outlined the way I actually trade the ES market, which among other things includes real trading examples/account statement verification, etc in an effort to show how "theory translates to actual trading results," so to speak, within realistic trading goals and expectations.

 

My goal was to write a book about trading from a "real traders point of view" that I have simply never seen presented in other books before.

 

Therefore, I would say if anyone is looking for a unique look into "one persons view of real trading," this is the type of book I have put together, and of course feel can be of use to traders...

[steve46 12]

If you don't mind I think I will wait for the movie

 

Good luck

[EMC2Trader 10]

Unfortunetly, the movie is on hold until Michael Douglas regains his health...haha...which in all seriousness I hope happens soon.

[UrmaBlume 10]

EMC,

 

I have already ordered the book. I was hoping you would give us some idea of the basis of your trading methods - fib, pivots, profile, mean reversion, trend, S&R, volume, balance of trade, etc?

 

As a published author myself, I know how important the launch is - when I have read it, I will post a review both here and on Amazon.

 

One note aside is that since you had to use a vanity publisher (you had to pay to be published) it doesn't bode well for the value of the content. A real publisher has a stake (advance, printing, promotion etc) in your book and will do a lot more than if you foot the bill or most of it. While it took a bit of time, effort and negotiation to find a good publisher without the use of an agent for my works - in the end it was well worth it.

 

Good Luck with your book. I know you have a lot of time and heart invested in the work.

 

cheers

 

UrmaBlume

[EMC2Trader 10]

UB.....The basis of my trading approach is to use a very consistent framework day after day, and then place all trade setups within the context of the big picture- including my view of support/resistance, price expectations etc., and my view of the way to analyze developing intraday structure as it relates to support/resistance, etc. and volume confirmation. From there, I place all of of this within the context of realistic trading goals and expectations in terms of how wins and losses tie together.

 

Having read much of what is out there over many years, I am quite confident in the value of my content relative to the many books in existance from big publishers, but I'll leave that for readers to decide. I do understand and appreciate your suggestion as it relates to perception....

[EMC2Trader 10]

Here is a sample of the running diary I keep each day that relates to the basis of how I trade that may be of interest, and I can/will post this for a while going forward....

 

MON - 11-08-2010

 

ES BIG PICTURE - 11/04 trend day up gaps above big picture 1200-1050 bracket setting path to new big picture 1280 high if price continuation can develop above 1223. Price currently sits inside 1223-1216 consolidation pause area. If 1216 breaks to the downside, look for move down to first support at 1212, and then to 1200 pullback to swing support area.

 

DAY SESSION PART 1 - (START) 1218.25 (OVENIGHT) - Test of 1216 consolidation low. Watch for 1216 to hold, or not. (GAP/FIRST MOVE/RETRACE) - Gap down, Gap continuation sell (C2) to 1216 area. First retrace to C3 sell area holds 5-min downtrend. First move/First retrace starts intra-day bias down. Monitor for key 1216 support to hold.

 

Day session 1 E=MC2 opportunities - Sell 8:44 (C2) Sell 9:57 (C3)

 

DAY SESSION PART 2 - 1216 support area tested/rejected. Volume at 10:38 confirms strong 1216 support and signals move back to 1223 consolidation high until proven otherwise.

 

Day Session 2 E=MC2 opportunities - Buy 10:25,10:53 (C1-C) Buy 11:18, 12:01 (C1) Buy 13:05,14:17 (C2)

 

SUMMARY - Price spends second overlapping day inside 1223-1216 consolidation after breakout above the 1200-1050 major bracket two days ago. Price tested 1216 lows early, and when 1216 held with a volume reversal, several E=MC2 buy opportunities developed as price now heads higher towards the top of the range near 1223.

[EMC2Trader 10]

TUES - 11-09-2010

 

ES BIG PICTURE - 11/04 trend day up gaps above big picture 1200-1050 bracket setting path to new big picture 1280 high if price continuation can develop above 1223. Price currently sits inside 1223-1216 consolidation pause area "two days in a row." If 1216 breaks to the downside, look for move down to first support at 1212, and then to 1200 pullback to swing area support.

 

DAY SESSION PART 1 - (START) 1223.00 (OVENIGHT) - Prices tests 1223-1216 consolidation low and then moves all the way up to 1223 high to start session in a C2 uptrend. Watch to see if price can break above 1223, or not. (GAP/FIRST MOVE/RETRACE) - Gap up, Gap fade sell (C1-C) to first pullback 1219 area. First retrace moves back up past opening highs right to key resistance area at 1223 to start an intra-day bias up with caution. Monitor key 1223 resistance area for breakout, or failure.

 

Day session 1 E=MC2 opportunities - Sell 8:34 (C1-C) Buy 9:09 (C1)

 

DAY SESSION PART 2 - Price fails to break above 1223 area and sets the stage for a down bias for the rest of the trading session, starting with a counter-trend sell setup after a failure at key resistance. Look for move to down 1216 consolidation low (which coincides with overnight lows). After 1216 is taken out, look for 1212, and after 1212 is taken out, there is room to run to the 1206 gap area during what is now a clear pullback to big picture 1200 area swing support.

 

Day Session 2 E=MC2 opportunities - Sell 9:33 (C1-C) Sell 10:20, 10:50, 11:20 (C1) Sell 12:20 (C2) Sell 12:37 (C1) Buy 13:05 (C1-C) Sell 14:01 (C3) Sell 14:19, 14:29, 14:36, 14:41, 14:46 (C1) Buy 14:55 (C1-C)

 

SUMMARY - Price moves up and fails at 1223 consolidation highs which sets the stage for move lower to 1216 consolidation lows. The mechanical E=MC2 trend remains in a down bias most of the trading session, and price gets as low as 1206. Price is now in the process of testing big picture 1200 pullback to swing support with first pullback swing resistance in the 1212 area, followed by even stronger resistance in the 1216 area. For now trading looks like it has strong support/ resistance between 1216-1200.

[EMC2Trader 10]

WED - 11-10-2010

 

ES BIG PICTURE - 11/04 trend day up gaps above big picture 1200-1050 bracket setting path to new big picture 1280 high if price continuation can develop above 1223. After the 1200 breakout, price pauses for two days inside 1223-1216 consolidation, and then breaks to the downside. Price now sits between 1216-1200 (short-term pullback to swing resistance and big picture pullback to bracket high support), with an overall up bias as long as the 1200 area holds on a continued pullback.

 

DAY SESSION PART 1 - (START) 1212.00 (OVENIGHT) - Price forms a tight 1214-1208 range, and price sits in overall C3 chop including yesterday's price action. Monitor 1216-1206 range to start the trading session (GAP/FIRST MOVE/RETRACE) - No Gap, C3 Sell starts first move of day down to overnight/yesterday's lows near 1208/1206 area and then to key 1200 area. First retrace moves up 50% of first move to 1206 resistance which must hold to maintain a down bias for the trading session.

 

Day session 1 E=MC2 opportunities - Sell 8:32 (C3) Sell 8:48, 8:55, 9:04 (C1)

 

DAY SESSION PART 2 - Price rallies strongly off big picture 1200 support to 1206 area on heavy volume, which dampens excitement for C2 sells to reach intra-day new lows. Price holds the in the 1206 area for about an hour (9:30-10:30) which shifts the E=MC2 trading bias up with expectations for price to move back up to top of 1216-1206 high after price reenters the 1216-1206 consolidation area.

 

Day Session 2 E=MC2 opportunities - Buy 10:20 (C2) Buy 10:46 (C1) Buy 12:08 (C3) Buy 12:56 (C2)

 

SUMMARY - Yesterday started a pullback that would likely test the key 1200 area. Early E=MC2 sell trades today captured this move. When price rallied strongly from the 1200 lows, and then broke back into the 12196-1206 consolidation area, the double strength of "big picture support and price re-entering the 1216-1206 consolidation area set the path for many nice long E=MC2 trades back up to 1216.

[james_gsx 16]

You are all over the place pushing this thing. This is a book review section, not a self-promotion section.

 

You've been pushing this system for years.

 

Trading Creations : eminis futures trading courses, trading eminis, e mini trading.

 

https://www.tradestation.com/Discussions/Topic.aspx?Topic_ID=77498&Page=1

 

Forums - Professional Day Trading

 

Give it a rest. If someone really cares about this book on this site they will buy it.

[UrmaBlume 10]

You are all over the place pushing this thing. This is a book review section, not a self-promotion section.You've been pushing this system for years.

Trading Creations : eminis futures trading courses, trading eminis, e mini trading.

https://www.tradestation.com/Discussions/Topic.aspx?Topic_ID=77498&Page=1

Forums - Professional Day TradingGive it a rest. If someone really cares about this book on this site they will buy it.

 

James,

 

Holding final judgement until after I have read the work - I must agree with you and add that it reeks of "retail" and very inexperienced "retail" at that.

 

Not to mention that the analysis offered is from several days ago. Why not post his analysis for Friday now?

 

The fact that he had to pay to get it published speaks volumes.

 

UB

Edited November 11, 2010 by UrmaBlume

[beyondMP 10]

I had a friend who bought this system. As I recall, he paid @ $500 for it. After months of trying to make it work he gave up and moved on. Even with the author's help he ended up losing. After the fact everything was explained, much like the author's comments above but real time it didn't work.

 

My opinion is, if it was as good as the author says....the price should be going up, instead of going down!!!

[EMC2Trader 10]

Since I was asked for insight into what makes up the trading approach, I thought sharing some information would be helpful in this regard.

 

I will gladly stop since you want this section to be about "reviews" only.

 

I am more than comfortable letting the material speak for itself, and I welcome honest reviews...

[EMC2Trader 10]

I would think that if you have a "friend" who is critical of the approach, then he/she should come on here, explain exactly what difficulty he/she faced and why, discuss my attention to his/her problems and the level of help I tried to provide, so that others can understand the nature of his/her difficulty, where the fault, if any lies, so they may better understand if they will face the same type of difficulties you are alluding to.

 

To me, that would be an appropriate review...I would then be happy to share any and all E-mail correspondences I have had with this "friend" to see how it aligns with whatever information is shared ..

 

I certainly can respect all criticism-good and bad. I just think it's fair to hear the basis of the criticism.

[EMC2Trader 10]

UB,

 

I appreciate you holding overall judgment until after you've read the work. At that point you should see how the information I posted was an effort to explain the type of thinking that goes along with the approach, and not in any way an attempt to regurgate historical information. Each day's developments certainly flows into analysis for the next day, and this is an example of the type of diary I keep everyday to help guide my trading...

[EMC2Trader 10]

One final point for those who may read this thread in response to the so-called "low price of a book " that I feel is relevant and stays within the spirit of the "Book Review" genre.

 

Personally, I have always been disappointed to read a book from a "so-called trader" who's main goal is to have you read the book, and then try to get you to sign up for a considerably more expensive mentorship and/or training program, and frankly this includes some of the biggest books on the market.

 

The relevancy and review of a book should certainly consider both content, and intent.

 

In deciding to write a book, my goal was to provide completely the opposite- to take every element of a mentorship/training program that has recieved considerable postive feedback (less the full-time effort that goes into daily updates, and daily support), and fully disclose everything about the program in a book- which I feel is a refreshing change from what is often found out there, and I hope in the end, traders will appreciate, rather than castigate.

 

Of course, I understand in the end readers will decide on the value of the content of the material compared to other books on trading....

 

So yes, I wanted to come here and mention that a book of this nature is now available for those who may be interested...

 

In response to a comment about what is included in the book, I also provided information relevant to the content of the book, and frankly, I will always answer any questions about the material if asked....

 

Finally, I wanted to make clear that I don't consider myself to be a perfect trader by any means, or a better trader than anyone else, and I certainly don't claim to have found the holy grail of trading. I present the realistic side of my own trading very clear in the book, which I also feel is comparitively refreshing ...

 

Over time, however, having faced the same ups and downs as many traders, I have learned to do many things right in trading, and it is this journey, and this outcome, that I share in the material in the best way I know how, and it is this context that I at least wanted to make clear- always respecting the fact that each individual will have their own opinions and viewpoints regarding matters in the trading arena.

[MightyMouse 12]

I would think that if you have a "friend" who is critical of the approach, then he/she should come on here, explain exactly what difficulty he/she faced and why, discuss my attention to his/her problems and the level of help I tried to provide, so that others can understand the nature of his/her difficulty, where the fault, if any lies, so they may better understand if they will face the same type of difficulties you are alluding to.

 

To me, that would be an appropriate review...I would then be happy to share any and all E-mail correspondences I have had with this "friend" to see how it aligns with whatever information is shared ..

 

I certainly can respect all criticism-good and bad. I just think it's fair to hear the basis of the criticism.

 

It's the friend's fault for buying the system and thinking it was going to work. Hopefully, his mistakes didn't cost him a lot and he learned to not be such a fool.

[UrmaBlume 10]

UB,I appreciate you holding overall judgment until after you've read the work. At that point you should see how the information I posted was an effort to explain the type of thinking that goes along with the approach, and not in any way an attempt to regurgate historical information. Each day's developments certainly flows into analysis for the next day, and this is an example of the type of diary I keep everyday to help guide my trading...

 

What a load.

 

My posts from the other thread on this POS:

 

Ignoring all the warning signs - I bought this book. I should have bought a mediocre bottle of tequila instead.

 

My opinion:

 

There are so many credible commercial publishers out there that when you see a book published by a "vanity" publisher, to me it means that the content was so poor that no real publisher would touch it without the author paying to have it published.

 

Amazon will stock almost anything, even books published by a vanity publisher, but they don't stock this POS - another warning. It is listed but not stocked.

 

To use both the word "Professional" and Einsteins's theory of relativity in the title is a leap of epic proportion for an approach to trading that is, as far as I could see, mostly about simple moving averages of price.

 

As to the execution of the book itself - I found the writing, laoyut, font, charts and organization to be very unprofessional at best.

 

In all fairness I must say I did not read the whole thing but after about 70 pages of trite, overly wordy ramblings of absolutely nothing original about using simple moving averages from different time frames, I decided enough of this buschwa and put it down.

 

I know of no forum here on TL that doesn't offer more value for free and I regret the money and time I wasted on this vanity published POS.

 

And now I see there is a Volume II? Wow that is some really hard shovelling.

 

Again - all of the above is not represented as fact but is offered as just one person's opinion.

 

 

I will simply say, your opinion is your opinion and I will always respect that, but to review a book after reading 70 pages...wow....that's something I never would expect. I agree wholeheartedly, the trade signals are simple, but to say the book is just about moving averages and price is just unfair, whether you find the information of value or not...Clearly, the bulk book explains the context of how and when to best trade these signals.I just wanted to make this point clear for others who may consider reading the entire book...

 

After reading the first 70 pages I scanned the rest and found everything I saw to be amateurish at best - not worth the time to wade through any more wordy, lightweight buschwa. The only indicators I saw mentioned were the canned buy/sell ratio indicator, simple moving averages and a paint bar that referenced moving averages. The Cx setups I found to be nothing more than a very crude way to use those indicators.

 

As to context and best use of signals I can only LMAO.

 

My opinion is that this work is a waste of time for anybody including rank beginners and that their time would be much better spent either on books by other authors or by reading TL.

 

This book, in my opinion, does not represent professional level anything - including trading, content, writing, printing, layout or graphics. I find it no wonder that you had to pay to get it published.

[EMC2Trader 10]

Urma,

 

I respect that you were honest enough to mention you read the first 70 pages and scanned the rest, and that is the basis of many of your opinions....You didn't have to say that.

 

I too will be honest and say there have many that have read the information and have found it to be very helpful to their trading, and my number one goal has been to make sure that those trading with this approach can make money and be satisfied with the material.

 

You have no idea the lengths I've gone to make sure everyone is satisfied, and fortunately almost all the feedback I've received from those who trade within framework has been positive.

 

I respect the fact that you either have no interest in exploring this framework further and/or can't see any value in the information. You have every right to feel that way.

 

I am a trader just like you (and most here), and I can promise you I would never want anyone feel cheated in any way with regard to the information I have put together.

 

Therefore, if you want to send me a PM with your address, etc, I'd be more than happy to send you a check for what you paid for the book. I simply don't want you to feel you have wasted money.

 

I am fine with your interpretation of the material from your vantage point, and I'll let the material stand on its own with others going forward.

 

I don't think you have any idea that my main goal above all else is actually to help others with trading in a way that I know that works...

 

But that's not important right now.

 

I know you're not happy. That's all that matters, youve staed your opinion, and I'll be more than happy to refund your money so at least you don't have to feel taken advantage of from that standpoint as well.

 

We are both not comfortable with that.

 

Please let me know....

 

Steve

[UrmaBlume 10]

Steve,

 

Thanks for the offer. I don't feel cheated at all, caveat emptor, and yours is not the only book on my shelves that probably will not be referenced again. I operate on the principle that no matter the strata, when you are mining - you have to sift though a lot of "country rock" before you have any chance of finding "color."

 

If you do a bit of checking here and can avoid the river denial you will find most of these threads contain discussions that transcend your "professional" approach.

 

This is not a community of professional traders, it is mostly retail with a sprinkling of pros. If you are not afraid of the truth, I would suggest that you find a half dozen posters here with a large number of posts and that have been thanked a lot and offer to send them a copy of Vol I in exchange for an honest review.

 

If you get good reviews on most of them you will probably increase your sales, if not - then not.

 

 

 

UrmaBlume

[Tams 20]

Professional Day Trading and How to Win - The E=MC2 Method and the S&P E-Mini Market

 

Available on Amazon

 

"Finished the book and if I never make a trade using this method, the information you present is great. Have never seen the market as clearly as I do now..."

 

"One thing I like about the book is that you start from the high timeframes and work your way down to the trade. Exactly the opposite of what most of us do..."

 

"Of all the systems/methods I have bought, and believe me there have been many, this is the most well thought out method I have seen. Your book really does teach a "way to trade" instead of just a set of rules to mimic..."

 

"What impresses me about the book is how you have combined one simple screen full of charts to consistently and effectively build a framework of dynamic context within which to assess unfolding market conditions..."

 

"My account is up well over 30% since I began trading futures with the E=MC2 method. Thanks again and again. The fund I manage is also able to control risk better using your methods and trading SPY..."

 

this is the most UNPROFESSIONAL promotion I have ever seen.

 

all the BS without any substantiation.

 

it is only a matter of time before the authority finds out and put a stop to this.

[UrmaBlume 10]

this is the most UNPROFESSIONAL promotion I have ever seen.all the BS without any substantiation.it is only a matter of time before the authority finds out and put a stop to this.

 

Looks to me like this guy has paid to have three of these published, 2 on the markets and 1 on golf. He has had to pay to get all 3 published and Amazon doesn't seem to want to stock even a few of them.

 

I would imagine that this is heartbreaking for an author who has put in a lot of heart and in this case money too. But I would think that by now that he should be getting a clue about how low level his approach, his writing and his promotion efforts are perceived by the market.

 

Steve - again all of this is just my opinion but if after 2 or 3 books you can't find a real publsher, maybe the market is telling you something.

 

UrmaBlume

[EMC2Trader 10]

Urma,

 

1. Your idea to have come here and offer the books up for review is excellent, and I should have started with this approach. I am not afraid in the least to have the material read and reviewed, in fact I desire it.

2. As crazy as this may sound, here is what I'd like to do. (If you're not interested I'll move on). I would like to send you Volume 2 for your review so you can see how this all comes together with actual trading, and actual context each day. (Also, despite your reluctance, I'd want you to have both books for review purposes only, and want to pay for Vol 1.) Vol. 2 is considerably more succinct because it pulls everything together to show how to trade each day. I suspect this style is important to you, and everyone. The risk I run is that you'll continue to think is all garbage. I'm willing to take that risk, because I trade in this fashion every day, and have no desire to back away from this material in terms of content. All I ask from you, or anyone is for an honest assessment stating if what I am presenting makes trading sense relative to the trading goals and expectations I clearly lay out in the material.

3. I have no idea if this material conforms to your style of trading. I don't know how you trade, and your trading personality, and frankly I've always gone to great lengths to make sure everyone knows what this approach is ahead of time, how it works, how it may be similar or different from what you are doing now, and I've always taken the time to answer any and all questions up front so there are no surprises. Clearly, now that the material is in book form, I can't do all this for each and every book buyer out there. I'm aware your initial comments make my offer seem crazy, but I'm willing to take the chance that you'll either continue to see this all as just a piece of crap, or see that there is actually some substance within.

4. I would love to send the material to other legitimate individuals who want to objectively review the material free of charge as you suggest. The mistake I made (which is clearly is evident from posts here) is that I didn't start out this way, so there is ill will out there. I'd need to find out who are legitimate, open minded individuals on here.

5. Finally, I actually came here at first to answer any and all questions, and then actually display real-time, ahead of time market context updates related to the material as I sit here and trade every day. Clearly this transparancy was frowned upon as if I was trying to get people to pay me $300 a month in a trading room. I actually thought some might find this a refreshing willingness for an author to show what he is actually doing and thinking as it relates to a trading style presented in a book. Then, criticize the market analysis if you will. Anyway, I have no intention of further upsetting anyone. It's not in anyones interest. From here on out, I'm simply trying to listen to a good suggestion. Urma, please let me know if you're interested. If not, I understand, and I'll move on. In either case, your recommendation to have the material reviewed is a good one, and one that I welcome---fully comfortable allowing everyone to express their opinion.