Will Feibel

What are you currently trading?
I trade futures, specifically the 144 tick TY (10 year treasury notes) and the 89 tick S (soybeans). I’ve also traded the Dow, S&P, Nasdaq, and Russell 2000 eminis in the past. At this point I’m considering adding the TF (Russell 2000 emini) to my trade plan.

And where are you from?
I’m German, grew up mostly in South America, and have lived in the US since my freshman year in college. I live in Princeton, New Jersey and have resided in this area for the past quarter century or 25 years, whichever sounds lower :)

So why did you become a trader?
I started trading stocks a little over ten years ago, swing trading using the CAN SLIM strategy popularized by Investors Business Daily. I was laid off from my banking job a few years later and decided to give full time trading a shot. The idea of working from home appealed to me, and trading is a business that requires relatively small upfront investment and low operating costs. I consider myself a fortunate man because this decision allowed me to be with my children as they grew up, instead of stuck on a late commuter train from New York City.

And how did you hook up with NetPicks?
I was a customer of NetPicks’ first release, the UTM (Ultimate Trading Machine). This was my introduction to futures and day trading. I then jumped on the Universal Market Trader (UMT) as soon as it was released because I’d been happy with the UTM’s performance and had a great deal of respect for the NetPicks team. I felt they were upfront with us customers and committed to our success.

We old timers became very active in the UMT members’ forum, discussing setups, backtests and performance. It was through the forums that I got to know Troy Noonan and Mike Rykse. As time went on a core of us devoted a lot of time to helping newer members through the forums. Later on Brian Short started his semi weekly online live training and we all migrated to that.

I felt I had a lot to contribute to the membership because of my experience with the system, and once Troy became active with the NetPicks team he suggested to Brian that I become a coach for the mentorship program. I jumped at the opportunity. I enjoy working with people and get a great deal of satisfaction from helping others succeed in trading, that’s why I’m thrilled to be a NetPicks Trading Mentor and Coach.

Finally, I have great respect for everyone involved at NetPicks, starting with Brian and Mark, the Coaches, Cheryl in Customer Support, everyone. They are all committed to the system and to the membership.

What do you think sets the NetPicks Trading systems apart from the rest?
Because it works. I’ve traded the Universal Market Trader, Ultimate Swing Trader and Seven Summits Trader on several instruments and backtested it on more, and with rare exceptions the system has shown robust performance. It seems no matter where I apply it, I always get 60% to 65% win rates and equity curves that sawtooth from the bottom left to the top right of the chart. Like all systems they have their drawdowns, they’re not the holy grail, but for something so simple and straightforward they’re remarkably successful.

How many other courses, strategies, etc. did you try before finding your current method?
Not many really. The only other system I followed seriously was the CAN SLIM as stated earlier. Other than that I’d subscribed to several on line trading sites but none of them had anything as powerful, flexible and robust as what NetPicks offers.

What are the top benefits you think members have gotten from the mentor classes and/or live training rooms? Why do you think the mentor class is so successful?
The mentorship programs helps students gain confidence in the system and in themselves. Through a combination of backtesting and both group and one-on-one instruction they learn the three key elements to trading success: a methodology, effective money management, and mental discipline. You need all three to succeed in trading and I believe that we deliver that through the mentorship program. If, I should add, the students puts his time and effort into it. The daily live training further reinforces what students learn in the mentorship program, and I feel that the mentorship students get more out of the live training than those members who haven’t participated in it. They experience first hand and in real time the principles that they learned, they see how experienced traders put the system into action every day, they learn the subtleties of our money management techniques, and perhaps more importantly they witness the moderators’ mental attitude and discipline once they’ve entered a trade, whether that trade results in a win or a loss. And it’s that mental attitude and discipline that will, in the end, make or break a new trader.

Is there anything else you’d like to share with traders considering a NetPicks trading system?
Yes. First of all, they’re not the holy grail. Every trade is not a winner and there will be drawdown periods. Second, do not expect to start with a $5,000 account and make a million in six months, or $10,000 a month right off the bat. What the system will do for the committed trader is allow him or her to gradually build their account, and as the account grows they can increase the number of contracts and/or instruments they trade until they eventually build their account to a size that makes full time trading possible. These systems are incredibly flexible and robust, and they have the best support I’ve seen anywhere in this business.