The support team at DayTradeToWin.com occasionally receives charts and videos from students/clients who use the ATO 2, Trade Scalper, Atlas Line, and other price action trading methods. When such media is shared, it’s easy to point out any mistakes being made by the trader. This is what happened here – a video from a student was provided. For the benefit of all, John Paul, founder of DayTradeToWin, provided commentary and described what he would have done differently.
The highlight of the video occurs around 1:43. That’s where the student places a real-time Long (buy) order based on the advisement of the Trade Scalper signal software. The historical data shows that multiple trades can occur intraday. In most cases, you won’t be holding a trade more than four or five candles. Remember, holding onto a trade longer only guarantees risk. The goal is to minimize risk and focus on signals that have the greatest chance of providing profit.
Of course, no trading method can guarantee profits. If that was the case, the trading method would have been made secret with its proprietors silenced, for they have figured out how to foresee the future, some pattern in nature, or mass scheme to make the data seem random. What a novel that would be!
Back on topic, the idea is to make the futures markets accessible to beginner traders. DayTradeToWin provides throughou details and multiple how-to tutorials/guides on almost every aspect of NinjaTrader. That’s why they’re a great resource for all experience levels. There are many veteran traders who switch over to NinjaTrader and can’t figure out the platform. After an hour-long tutorial video from DayTradeToWin, they’re up and running with a basic understand.