Trading individual stocks aren't always easy, and it could be even tougher to trade them somewhat actively. Such could be the case for swing trading, where most traders hold their shares for a few days to some weeks. Mindful Trader is a share picking service that looks to simply help people with this process, and that would be the focus with this review.
One study found that the typical swing trader made just 11.4% annually, hardly enough to produce a living. In fact, there were many years recently where passively investing in a total stock market index fund might have provided similar returns. Thus, going it alone might not be the very best bet—specifically for the typical trader.
What's promising is there are quality services available that may allow you to earn better returns without having to spend all your time researching. That's exactly what Mindful Trader hopes to do, but this service hasn't been around long.
And so the question is: in case you trust it? Is it worth the money? We'll answer all that and more in this Mindful Trader review.
What is Mindful Trader?
Mindful Trader is a share pick service that focuses on swing trades. Swing trading is a questionnaire of short-term stock trading with a goal of capitalizing on short- to medium-term price increases. Eric developed the service using 20 years of data and statistics.
Eric graduated from Stanford University with a qualification in economics and even scored a great score on the math element of the SAT. He launched the service because, despite his background in economics, he initially lost money when he started trading. He began looking for a service that suited his needs, but much to his dismay, he couldn't find one.
Eric found that there have been no good trading services available that suit his preferred trading style that were research-backed and the service wasn't based around just making a sales pitch. He wanted something better—something which was backed by research and with a track record of success.
Thus, Eric started Mindful Trader to fill the role he found had been lacking.
Eric Ferguson Review
It's no accident Eric Ferguson is one of many few people to reach a great SAT math score. He was senior high school valedictorian and one of many few to earn a great score on the math element of the SAT.
A Stanford University grad, Ferguson majored in Economics where he learned to use his mathematical mind to promote trends, creating the right base for someone who was destined to rule the stock market.
As a professional mathematician, Eric Ferguson combined his extensive historical stock market analysis with a mindful method of swing trading.
Eric analyzes over 20 years of historical market performance statistics so that he can help others increase their median annual return and long-term earnings. In short, Mindful Trader strategies leverage a statistical method of stock picking that you won't find elsewhere.
How Much Does Mindful Trader Cost?
Currently, Mindful Trader only has one pricing tier; the price is $47/month. If that sounds expensive, remember it is clearly much cheaper than most day trading services, which could cost a large number of dollars per year.
So while it isn't exactly cheap, it's still a serious good value for that which you get. Plus, the trade performance can more than replace with the cost of the service. Also remember that this is a flat fee, this means larger portfolios can potentially reap huge rewards from using Eric's stock picks.
Is Mindful Trader Right For You?
Mindful Trader is without question a high-quality service. Eric, who runs Mindful Trader , has really done his homework, and now wants to share his expertise with you. Obviously, he focuses on stock picks, which means this service isn't for you if you want to buy and hold for years—or if you want day trading.
But anybody who prefers swing trading should take advantage of this service. If that sounds as you and the monthly cost is within your budget, Mindful Trader may be worth considering.
