Hello, traders! Today, we’re diving into the Sonic Trading System from Day Trade to Win, which provides everything you need for day trading: precise entry points, clear targets, and defined stops. However, your success depends on more than just the system—it’s about how you manage those trades.

Let’s walk through today’s session and explore some important lessons to improve your trading.

What to Do When You Miss a Trade

In fast-moving markets, it’s common to miss an entry. For instance, today I tried to get filled at 5788 quarter, but the market moved too quickly, and I missed it. What now? Should you wait and hope for another chance? The answer is no.

If the market hits your target and you didn’t get filled, it’s best to cancel the order and look for the next setup. Remember, there will always be more opportunities, especially with a reliable system like Sonic.

Adjusting Your Targets and Stops Correctly

Once I entered the trade at 5790, I quickly adjusted my target and stop according to the system’s guidelines. Sonic gives you clear targets and stops, but it’s vital to manage these manually during the trade. Many traders make the mistake of re-entering the same trade after a target is hit. Avoid this—it’s a common error that often leads to unnecessary losses. Follow the system’s rules and wait for the next setup rather than forcing a second entry.

Dealing with Market Delays

Today’s target was 5791, just a few ticks away, but even small targets can take time to hit, especially in volatile markets like the mini S&P, NASDAQ, or Dow. Patience is important, but you also don’t want to stay in a trade too long. In fast-moving sessions, especially during the first few hours, it’s essential to manage your expectations and avoid holding trades longer than necessary.

Using ATR to Secure Quick Profits

The Average True Range (ATR) is a key component of the Sonic system, helping determine how far your target and stop should be. In today’s example, I set my target to less than one times the ATR. This approach allows you to lock in profits quickly.

If you prefer to go for larger profits, you can aim for two times the ATR and trail your stop, but remember that a quicker exit often reduces your risk, especially in volatile markets.

Avoiding Common Trading Mistakes

A frequent question in our live trading room is: Should I take the same trade again if I miss it? My answer is always no. Once a trade hits the target or stop, that opportunity is gone. Re-entering the same trade increases your risk and can lead to poor decision-making.

If you didn’t adjust your target properly and missed your profit, it’s better to exit the trade at break-even or with a small gain/loss. Protecting your capital is more important than chasing a missed target.

Get Started with a Free Member Account

If you’re new to day trading or looking to sharpen your skills, you can sign up for a free member account at Day Trade to Win. This account gives you access to our live trading room, the ABC Method, and trading software for NinjaTrader or TradingView. It’s a great way to learn price action trading and start building a strong foundation.

Conclusion

Day trading successfully is about more than just using a good system; it’s about discipline, patience, and managing your trades effectively. The Sonic Trading System provides clear signals, but the real challenge lies in following the rules—adjusting stops and targets, avoiding re-entry mistakes, and knowing when to step away. Stick to these principles, and you’ll be on the path to consistent success.

Happy trading, and don’t forget to sign up for your free account to take your skills to the next level!