Remember that recent post where John Paul from DayTradeToWin.com predicted a big sell-off would occur in early January, 2021? Well, it happened! As shown in this video, you will see how much price fell. One headline says the Dow dropped over 500 points. That is significant. How did John Paul know this? Years of analyzing and trading the markets. This is one of the reasons why he is sought as a pro trading coach via the 8-Week Mentorship Program.
This may not be the only big sell-off in January. We have vaccines rolling out, alleged shortages, possibly new and more communicable viral strains, a pending presidential power transfer, pardons, and all sorts of other dramas occurring. In prior times, some of today’s the daily headlines would have been cover stories for weeks. What times these are! And what markets these are! That it why it is so important you have a plan for day trading.
In the above video, John Paul shares his approach to trading the big sell-off. A sell-off can be a single or multi-day event. In either case, it is possible to use a day trading system such as the Trade Scalper to find potential winning moves. The Trade Scalper works best with a 1-Minute chart. Signals appear according to price action. If price movement, over a given period of time behaves in a certain pattern, then a signal will appear. That signal may be long (buy) or short (sell). It is then up to you to place the trade according to the rules that you are taught. The technique is fully explained in the materials provided after purchase.
DayTradeToWin.com teaches how to use the ATR (Average True Range) to gauge recent market conditions and adjust the profit target and stop loss (essentially, reward and risk factors) according to what is potentially possible for the given moment. John Paul believes this allows for more realistic, safer trading.
He’s been offering his price action methods and occasional public market analysis videos for over 10 years. Very few, if any trading business, has hundreds of videos showing their methods working over such a long period of time.