Mindful Trader is a service that is popular in communities that enjoy trading based on stocks that are picked out. It provides swing trade alerts to help traders make better decisions. Its data-driven approach means traders won’t have to wonder if the numbers support trade decisions, potentially offering greater confidence and clarity in the trading process. In this Mindful Trader review we will do a full on analysis on the service and on what are the pros and cons to help you understand if it is the right pick for you.

What is Mindful Trader?

Mindful Trader is a service that picks stocks and centers on swing trading. Swing trading is a type of short-term stock trading approach that aims to make a profit from the changes in price from days to weeks. Eric Ferguson, the founder of this stock-picking service, uses 20 years of statistics and data to create strategies for subscribers. With his money, he makes trades from his trading accounts and sends stock alerts to subscribers, who then mirror his trading strategies. 

About the Founder: Eric Ferguson

Eric Ferguson studied at Stanford University, where he graduated with a degree in economics and had perfect scores in math on his SAT. Regardless of his economic background, he lost money at the start of his trading career. He couldn’t find a trading service that matched his needs because of his unique trading style. No good trading service suited Eric’s trading style, which was backed by research rather than just sales. He knew he needed something substantial and better because he loves research and evaluating track records. 

In the course of his search for a good trading service, he established Mindful Trader. This stock-picking service has all the features Eric sought in a trading service. He has ensured that stock alerts are backed by research and that each stock has a good track record. 

Traders can engage in ‘mindful trading’ because the service recognizes stocks with price jump potential. Eric has created a system that scans for opportunities using market data and statistics. An alert is sent to subscribers whenever he buy or sell stocks on his trading account. This stock alert comes with every detail possible on the trade so subscribers can read and know what they’re getting into. Those who have read some buy alerts reviews know how important stock alerts are to traders. 

Mindful Trader could be worth your while if you are interested in a trading service that is expeditious and has a successful track record. Our Mindful Trader review is here to help you see what sets this stock-picking service apart from others and make informed decisions about it. However, if you are a swing trader, you should know that with your risk management skills and discipline, Mindful Trader may bring good returns.   

Features of Mindful Trader

Before subscribing to a stock-picking service, it is essential to know its features to see that it is worth every penny. Let’s check out what Mindful Trader offers its subscribers. 

The main feature of Mindful Trader is its stock-picking service, which offers you an average of 6-8 picks weekly. In some weeks, you might not receive any picks, but in others, you may get picks of up to double digits. When you get the stock alert, you will notice that it comes in different sections. You get to see this when you receive your stock pick alert. 

1. Bought or Short

This is one of the parts to expect on the alert. You will see a “Bought WMT” or “Bought ETN” ticker showing the stock Eric traded. You do not have to worry about any one ticker trader scam. The alert might say “shorted” sometimes instead of “bought,” depending on the type of trade he takes. But most of the picks will be stocks you can buy. 

2. The Sale Price

After getting a “bought” or “shorted” indication, the next one to expect is the sale price. This shows the price he paid to buy the stock or the price at which the stock was sold. 

3. The Target Price

Now is the target price, which is the price the stock must reach before he makes his next move. Let’s say he just bought stock, and the price of that stock must go up to his profit target before he can sell it for a profit. If he decides to short, the price of the stock is expected to decline to the target before the stock can be bought. 

4. Stop Loss

All active traders use this essential tool. If a stock moves in the opposite direction of his expectations, which is the opposite direction, the stock must move before a profit is made. A stop-loss price should be established. The stop loss allows you to automatically buy or sell at a price to cut your losses and move on to the next trade. 

Eric’s picks are straightforward to follow. He deals in MES futures, like trading the S&P 500, but leverage is used. Futures are risky but can be speculative. Those not comfortable with the trading style could ignore it and go for other trades that will still make the Mindful Trader service worthwhile. 

What is The Trading Style of a Mindful Trader?

The trading style of this stock-picking service is unique and quite different in that it outshines others in the stock trading industry. Mindful Trader’s trading style is based on data and statistics, mirroring Eric’s trust in empirical analysis rather than speculative trends. Mindful Trader’s trading styles are as  follows: 

• Trade Strategies and Frequency

Mindful Trader focuses on swing trades but trades carefully since subscribers mirror the set trades. Eric’s strategies are adjusted to catch the best market moves and balance the frequency of his trades with the quality of each chance he gets. 

• Data-Driven Decisions

Earlier, Mindful Trader’s love for data and statistics was mentioned. This has become the core of its trading technique. The stock picking service relies on statistical analysis and complex data, ensuring that a strong research foundation supports every trade. This maximizes opportunities and reduces potential losses.   

• Alignment with Individual Trading Accounts

The strategies of the Mindful Trader can easily fit into different trading setups and platforms, providing flexibility and seamless integration for subscribers. Each tactic undergoes scrutiny through the Monte Carlo technique, where random data sampling helps gauge the likelihood of various results. Over 10,000 diverse iterations are employed in these evaluations.

• Enhancement of Trading Experience

One of the best things about Mindful Trader is that it is set to enhance your trading experience and provide a mix of hands-on trading goals and education. This goes to beginners and experienced traders alike.

• Developing Trading Skills

At Mindful Trader, subscribers get more than just trade alerts – they also gain valuable insights into why each trade is made. This feature benefits people who want to improve their trading abilities and grasp market dynamics better.

An Overview of Mindful Trader Strategies

The trading methods used by Mindful Trader showcase Eric Ferguson’s dedication to thorough statistical analysis and deep market insight. Let’s take a glimpse into these carefully crafted strategies:

1. Multi-Faceted Trade Strategies

Every trading strategy is complex, encompassing various market situations. This versatility guarantees that the strategies retain effectiveness across diverse market conditions and trends.

2. Long-Term Backtesting

Each trading strategy undergoes thorough backtesting, analyzing historical data spanning at least two decades. This meticulous process guarantees the strategies’ adaptability and efficiency under diverse market scenarios, encompassing bullish, bearish, and intermediate conditions. Such comprehensive testing ensures resilience and effectiveness across a wide spectrum of market dynamics, thus fortifying the strategy’s potential for consistent performance over time.

3. Raw Edge

Each strategy holds a substantial “raw advantage,” indicating it doesn’t excessively depend on particular conditions to be profitable. These strategies are sturdy and show profitability under different criteria for profit or loss. They exhibit resilience and effectiveness across diverse circumstances, ensuring consistent gains regardless of the market’s fluctuations or specific parameters to measure success or failure.

4. Correlation Tests

The service performs statistical correlation tests to confirm that each strategy in the portfolio isn’t overly similar. This action enhances portfolio diversification and safeguards against possible simultaneous strategy setbacks. By conducting these tests, the service adds an extra layer of protection, ensuring that the portfolio remains resilient even if specific strategies experience challenges simultaneously.

5. Out-of-Sample Tests

To prevent overfitting, traders conduct out-of-sample tests. This involves testing strategies on one set of historical data and verifying their effectiveness across various timeframes. By doing so, traders ensure that their strategies are robust and capable of performing well under different market conditions and periods. This approach helps validate trading strategies’ reliability and effectiveness, enhancing confidence in their potential success.

6. Monte Carlo Testing

The thoughtful trader utilizes Monte Carlo simulations to evaluate the possible downturns of a trading strategy. This tool conducts stress tests on strategies, running various hypothetical situations to pinpoint the most unfavorable results. By employing Monte Carlo simulations, traders gain insights into how their strategy might perform under different conditions, thus enhancing their decision-making process and risk management practices.

7. Standard Deviation Tests

After implementing the strategies, they undergo continuous monitoring to compare their performance with the standard deviation lines derived from 20 years of backtesting. This ongoing assessment ensures the strategies operate within the anticipated parameters, maintaining their effectiveness and reliability over time. By regularly evaluating their performance against historical data, any deviations from expected behavior can be promptly identified and addressed, contributing to the overall robustness and stability of the strategies in real-world conditions.

8. Consistency and Reliability 

The methodologies are crafted to achieve desirable outcomes consistently. Eric meticulously tests and fine-tunes each strategy to ensure they adhere to stringent standards of dependability and effectiveness.

9. Risk Management

Every trading strategy possesses multiple facets, encompassing a variety of market situations. This diversity guarantees the strategies’ efficacy regardless of the prevailing market conditions and trends. It ensures adaptability and resilience in navigating the complexities of the financial markets, allowing traders to capitalize on opportunities and mitigate risks effectively.

10. Diversification

The Mindful Trader engages in trading activities encompassing diverse stocks and options, spanning multiple sectors and industries. By strategically diversifying their investments, they effectively reduce their vulnerability to risk. This deliberate approach to diversification across various market segments ensures a more resilient trading portfolio.

11. Adaptability to Market Changes

The techniques employed are flexible and continuously adapt to market landscape shifts. This ability to adjust guarantees that the methods remain pertinent and efficient, keeping pace with the ever-changing market conditions.

12. Commissions and Slippage

Every backtest incorporates transaction expenses and slippage, which denotes the variance between the anticipated trade price and its execution price. This inclusion enhances the precision of projected returns, rendering the analysis more reliable.

How Much Does it Cost To Subscribe to Mindful Trader?

The Mindful Trader subscription costs $47 per month. It’s pricier than long-term investment platforms like The Motley Fool but cheaper than day trading services like Investors Underground. Mindful Trader’s expected returns sit between those two, making its pricing fair. Also, Eric invested $200,000 of his own money in developing the service, making it a bargain compared to others. Right now, there’s just one monthly plan to choose from.

Mindful Trader Returns

Under the guidance of Eric Ferguson, Mindful Trader’s performance and returns remain impressive. With a dedicated focus on delivering significant results, here’s a summary of the recent accomplishments:

• Consistency in Stock Trades: The primary portfolio, which concentrates on individual stocks, has consistently performed well, following the overall direction of the market.
• Solid Track Record: Over the last half-year, Eric’s trading methods have proven successful, showing significant profits across various trading accounts.
• Impressive Gains in Options Trading: The Extra Options Account has achieved remarkable gains, surpassing typical market returns by a significant margin. This highlights Eric’s skill in trading options.
• Educational Value and Transparency: By openly sharing his trade details, Eric offers a learning opportunity for investors to understand his trading choices, adding an educational dimension to the process.

Pros of Mindful Trader

If you want a straightforward trading service that keeps it real, consider checking out Mindful Trader. Here are a few key reasons why it might be the right choice for you:

1. Simple Website Design

While some might consider the website of Mindful Trader a bit old-fashioned, we view it as pleasantly uncomplicated and direct. There’s no flashy marketing, no aggressive sales tactics—just clear information about Eric Ferguson’s trading techniques and offerings. This straightforward design mirrors Eric Ferguson’s genuine approach.

2. Unwavering Dedication to Trading

With unwavering dedication to trading, Eric Ferguson stays true to his expertise without getting caught up in flashy marketing or exaggerated claims. He prioritizes offering clear and practical trading advice aimed at helping you attain achievable profits.

3. Excellent Quality, Not Sale

At Mindful Trader, Eric Ferguson stands out for his emphasis on delivering exceptional trading assistance over being a persuasive salesperson. He doesn’t pressure you into joining or promise unattainable rewards. Instead, he focuses on teaching you about his trading approach and allowing you to decide if it aligns with your requirements.

4. Genuine Honesty and Openness

Mindful Trader stands out as a refreshing change in a world where trading can feel like navigating a maze of hype and flashy promises. Eric Ferguson doesn’t rely on exaggerated claims or flashy gimmicks to lure traders in. Instead, he offers transparent and honest insights into the potential gains and risks of trading. With every communication, his authenticity and integrity shine through, making Mindful Trader a trustworthy ally in the often turbulent trading world.

Cons of Mindful Trader

For beginner traders, Mindful Trader might be expensive. Starting, the monthly subscription fee can seem high, and you’ll need to put money upfront into your brokerage account.

Who Should Use Mindful Trader?

If you identify with any of the following, Mindful Trader might be perfect for you! This service is designed to cater to specific types of traders and investors.

1. Swing Traders

Mindful Trader specializes in swing trading, which involves holding positions for several days to weeks. If you aim to make money from short- to medium-term price changes, our trade alerts are tailored to suit your approach.

2. Data-Driven Investors

Would you instead rely on solid data or intuition when making trading choices? The Mindful Trader prioritizes quantitative fundamental analysis and statistical methods. Our team utilizes algorithms and historical testing to identify optimal setups and entry positions.

3. Busy Individuals

Mindful Trader has your back if you want to trade but need more time to study the markets. Their experts do all the hard work, analyzing stocks and sending you alerts so you can make fast decisions without spending hours on charts and data.

4. Learning Traders

Are you curious about why trades are made and how to read the financial markets? Mindful Trader offers an educational aspect with every stock trade alert. They guide you through the reasons behind each trade, gradually helping you enhance your trading abilities.

Who Should Not Use Mindful Trader?

Although Mindful Trader attracts a wide audience, it may only suit some people’s needs perfectly. Here are the people it is not meant for:

1. Day Traders

Mindful Trader might not suit day traders who conduct numerous trades in a single day. This service focuses on swing trading, where positions are held for more than a day.

2. Risk-Averse Traders

While Eric employs risk management strategies, swing trading inherently carries more risk than long-term investing. If you’re uncomfortable with short-term market fluctuations or potential losses, swing trading may not suit you. Nonetheless, Eric focuses on trading widely recognized and highly liquid stocks rather than penny stocks.

3. Long-Term Investors

If you like to hold onto stocks for the long haul, Mindful Trader’s swing trading method might not fit your style. This service is about making short to medium-term trades that usually last just a few days to weeks.

Is Mindful Trader Worth it? 

Mindful Trader stands out in a crowded market of trading platforms and sets itself apart in any top stock alerts review for its unique blend of data-driven analysis, transparent practices, and meticulous strategies tailored for swing trading. Unlike its counterparts, mindful Trader prioritizes thorough backtesting, smart diversification techniques, and stringent risk management protocols. These aspects and its history of delivering noteworthy returns render it an enticing option for traders seeking reliability and success in their trading endeavors.

Eric’s approach to trading is distinguished by his thorough analysis of data and adept use of statistical methods, which imbue his strategies with a remarkable level of resilience seldom seen in the trading sphere. His dedication to openness, demonstrated through his willingness to disclose all his trades, not only presents the possibility of financial rewards but also serves as a valuable educational resource for others.

Final Thoughts

While the Mindful Trader service comes with certain limitations, it’s important to note that it may not be suitable for investors looking for long-term commitments, individuals engaging in day trading, or those who prefer low-risk strategies. However, it caters perfectly to the needs of swing traders, people with busy schedules, investors who rely on data-driven decisions, and those eager to expand their knowledge of trading practices. In summary, while it might not suit everyone, Mindful Trader stands out as an excellent option for a specific set of traders and investors.

At $47 monthly, the pricing is high for novice traders. Yet, when you weigh the service’s quality and the possible profits, it emerges as a superb bargain. For those aligned with its trading approach, it is a wise investment in your trading journey, promising a fruitful future in the market.