I’ve have received several requests from interested traders on how they can join a Logical Signals Trade Room. I have some GREAT NEWS! The LogicalSignals Trade Room is starting on June 21, 2021.
Allow me to start by sharing about me: Michael Filighera
I have been involved with the financial markets since 1979 when I got my start on the Pacific Stock Exchange Options trading floor. I have traded on the London Traded Options Market, Amsterdam’s European Options Exchange and DTB in Germany.
My articles on technical analysis covering the major indices, bonds, currencies and commodities of Europe and the U.S. have been published internationally on SeekingAlpha, European Traders Daily, Global Market Strategist, and GMS Techstreet.com.
As a Market Maker on the San Francisco, Amsterdam and London options trading floors I have studied the psychology both employed and self-employed by the most successful traders.
My mission with the Logical Signals Trade Room is to present personalized education using analysis and tools that contribute to being able to step into the panic and chaos of the markets and with calm precision and pull out the opportunities from the eye of the storm.
I currently live in San Francisco where I continue to analyze, trade and research the markets.
What kind of members are we looking for?
My intent in starting the trade room is to provide personalized coaching and a strong educational focus on strategies. You should have a basic knowledge of trading. In general terms, that means about a year of experience. I’m looking for folks that have been around the block and spent more money than they care to acknowledge on education and trade rooms in an effort to become consistently successful as traders. Folks that are burned out by the large amount of marketing ‘BS” spinning across the web. Because of this I have been more interested in the education process and providing a solid base that is both realistic and trustworthy. The additional component that I want to bring to the table that is in my opinion as equally important to having good strategies is the coaching component. I have found that many traders don’t realize the “stumbling block” that prevents them from being consistently successful in spite of their tenacity and dedication to the process. Breaking old habits in favor of developing new productive habits can remain in the darkness until revealed often by a coach. Developing skills to overcome doubt and fear are important, but the first step is always acknowledging that it exists. My goal through coaching is to help every trader find what HIS/HER OWN stumbling blocks are. This is not a beginner’s room where we teach the basics. We’re going to be focused on trading – you’ll see us take live trades daily. We’ll also have time to discuss trades, strategy, the markets and how all of that is impacting our choices of what to do next.
Live Trade Analysis: We share our full analysis for every trade we take, including when we plan to enter and why, where our stop will be, and where our profit targets will be.
Education: We offer ongoing education and teach you how to identify when the market is trending or ranging and how to spot the best times to take a trade. We wait and let our trade set ups come to us. It is as important, or possibly more important, to know when NOT to take a trade as it is when to take a trade.
Live Discussion: Including several factors of trading such as psychology, risk management, position sizing and much more.
We all know the combined knowledge of a Trade Room is infinitely more powerful than going it alone. And the bottom line is a whole lot fatter when you can leverage the knowledge of the room.
Now You Can Join the Logical Signals Trade Room by accepting our invitation to join other traders in a private educational trade room. Yes, it’s a trade room and we will teach the strategies used.
You see, you get so much more when you can commit to learning. You’ll learn a number of different strategies that work in the now. We all know markets change and strategies always need to evolve and change too. That’s a fact you can’t ignore.
To get started you’ll be able to try our strategies. Run with them as is or evolve them to suit your style. It’s powerful. In my experience, the path to profitable trading has turned towards removing our recognized and unrecognized “road blocks.”
It used to be simpler to trade in terms of being able to label the market as bullish or bearish and then knowing how and when to trade.
But over the years, and particularly with electronic trading, it became much more complex. You can’t make bullish or bearish statements that actually mean anything in terms of making a good decision anymore.
People still do it, but it’s certainly not the basis for a sound trading decision. At any given time there are many groups and factions of traders in the market, all with their own particular reasons to be there.
There are day traders, index arbitrage traders, options traders, and a myriad of different algorithms at work. If you sit and try to figure out why they are buying or selling, believing the answer will enable you to make a good trading decision, you’re going to be wrong most of the time because there’s more than just one predominant reason the market is moving in a particular direction.
I attempt to take that kind of thinking out of the equation.
To put it another way, I focus on the actual basics and keep it simple. When you over-analyze, rationalize, come up with theories – even if they are informed by years of experience – you are either going to miss the trade or make a decision that is actually based on nothing real and therefore it won’t bring you consistent results.
The news is a good example of analysis that is a waste of time. They change their mind every other day. Clearly, their job is to engage their audience, but it doesn’t really matter if they say it’s going up or down – as long as they have some half-credible reasoning to back it up.
So to truly take advantage of what this opportunity can offer you, I’ve put several things in place:
1. A virtual room where we can meet that is secure and private.
2. A trading schedule: We meet and trade, Monday through Friday – with the room opening at 6:00 AM PDT and remaining open until 9:00 AM PDT. I often trade the entire session but would reserve that time for “live trading” coaching sessions.
4. Initial List of Traded Futures:
S&P 500 (ES), NASDAQ 100 (NQ), and Gold (GC)
5. Because of the amount of education we offer from day one, we do not offer free trials to the room at this time.