How to Trade During a Big Sell-Off
For a long time, the DayTradeToWin website and YouTube has been populated with new trading videos showing various trading methods and performance. The Atlas Line, ATO 2, Trade Scalper, and Roadmap have appeared most often recently. There are only so many ways to demonstrate performance – many videos throughout the years is one such way.
In this new video, you’ll see the Atlas Line produce a short signal followed by a couple of Trade Scalper signals. Are both methods included together? No, they’re sold separately unless you participate in the eight-week Mentorship Program.
Most of the focus, here, is the Atlas Line. You’ll see more of it in the second half. Strength signals cause John Paul to place a trade. They can be recognized by the small “S” characters above or below the candles. The ATR (Average True Range) indicates the Long trade should have a profit target of about three points. Five contracts are used for this trade. This amounts to a trade worth $750 before any commissions or fees. Please consider all trading as simulated.
How was this dollar amount computed? For the E-mini, the smallest price can move is a tick. Each tick is worth $12.50. What’s a point? Four ticks. Therefore, a three-point profit target using a multiplier of five contracts equals $750. Keep in mind, not everyone has the money to trade with five contracts. DayTradeToWin encourages practice in simulated mode for some time. Then, you may want to consider graduating to the Micro E-mini (MES in NinjaTrader). After that, the E-mini can be traded with the $12.50 tick value as described previously.
Eliminating guesswork by relying on a trustworthy trading system is what DayTradeToWin aims to provide.