Trading Psychology: Is Long-term Success Possible?

In your growth as a day trader, have you used momentum, stochastics, moving averages, or Bollinger Bands? May have tried to come up with their own strategies, tested them for a period of time, went back to the drawing board or moved forward with actual trading. What tends to happen is that systems that do perform well for a period often do not continue performing well weeks or months later. It is as if the market turns on a dime and no longer exhibits the movements necessary to bring profits to those once successful systems. Why is this? Is the market conspiring against you?

One thought is that price activity is ultimately controlled or exhibits certain tendencies over a period of time. Then “those in charge,” the secret pushers and pullers of currency and electronic data, eventually change the game and pull out the rug from the rest of us. Is that truly so? Or are there cycles?

Indeed, one may ponder the deep questions about what actually works behind the scenes of global currency systems. But, in doing so, one has to take care of themselves and likely some sort of family. For reasons of practicality, then, it makes sense to find trading systems that appear to work over long periods despite any changeups. Does DayTradeToWin offer such trading systems? You may review their hundreds of videos from many years and judge.

For most, the goal is to consistently make money day trading on a regular basis. However, no system can really guarantee such a thing unless they want to attract the attention of regulators. And besides, who is to say a system that has worked well for a decade will work tomorrow? Who can actually guarantee that? Like anything in life, a certain level of probability is involved. We work with probabilities all the time when we make decisions. We think about what we want, what our overall goals are, what we want to become, how to get there, what missteps we’ve made, and so on.

At least day trading videos like the one above offer a glimpse of what it’s like to trade the method in real-time. This includes how the signal is “painted” or “plotted” in terms of timing and placing an order. We see two systems in use: the DayTradeToWin Roadmap and Trade Scalper. The Roadmap can provide an overall indication of potential reversal areas. This means that small trends can be potentially identified as well. The Roadmap provides signals as well. Coupled with the Trade Scalper, many short-term opportunities are identified.

John Paul from DayTradeToWin.com makes the case these methods work well together. He indicates the best way to go about learning to day trade is the 8-Week Mentorship Program.

Should You Trade 24-Hours Per Day?

Perhaps it would be better to name the title of this post, “Should You Consider Trading All Times of the Day?” That’s because most of us would probably agree sitting in front of a computer for nearly a day without any sleep would make sensible trading quite difficult. Some of us who have visited casinos have seen people there who are sitting in front of slot machines for many hours. In fact, it’s quite possible to see someone “on a roll” or believes the next big win is around the corner, having sat there for 12 hours or longer. That is not too healthy as our bodies need movement and rest.

That’s why it’s more sensible to trade only when the ideal market conditions tend to occur as related to the day trading systems you use. If you have day trading systems that tend to work better during more volatile times, then perhaps trading at or around market open is best. I am not so aware of systems that do well in sideways markets, but if you do use one such method, then perhaps trading in off-hours is more ideal.

This video reviews Trade Scalper signals and demonstrates a real-time signal example. This signal occurred late in the day, so one of the advices provided was to avoid trading into the close. If you just want to get in and out quickly, the Trade Scalper may be the best approach. For scalping, this is a big move worth +3 points. Not all trades will be this great. The ATR (Average True Range) determines the profit target. The maximum profit target on a 5-minute chart may be around 4 points. On average, somewhere around 2 points is expected. On a 1-minute chart, you can expect around the same profit target. The 1-minute chart is used in place of the 5-minute when the 5-minute is too fast.

And when you get the Trade Scalper, there is no need to rush into trading real money right away. You can use NinjaTrader’s real-time simulator to get a feel for how it all works. Is the method easy? Fairly so; of course this will depend on experience, comprehension, and so forth. One can easily follow the signals and place a trade according to the rules. Memorizing the method isn’t a requirement beyond knowing trade management.

Recent Trade Scalper Signals From DayTradeToWin Reviewed

How do you know what time a market opens? If you add an ATR with a period value of 4 or so, you will tend to see a spike at the same time of the day, just about every day. For the E-mini S&P 500, that’s at 9:30 a.m. US/Eastern. Is it worth trading right away at 9:30 a.m.? Nope. The DayTradeToWin recommendation has been, for many years, to stay out until the activity subsides. The same is true for scheduled news events: either place a trade using the news trading method or stay out until things return to normal. You can review videos on this at the main DayTradeToWin.com website that go back years.

The ATR (Average True Range) is a free indicator that comes with most platforms. As you can see, John Paul from DayTradeToWin is a big fan of NinjaTrader. NinjaTrader is free to use with end of day or real-time practice data. It’s a great way to practice without risking real money. You can easily track your performance, too. It has a built-in account set aside just for paper trading.

The signals you’ll see in this video are from the Trade Scalper price action trading system. Mainly, it’s a signal-based indicator that plugs into NinjaTrader, generating many signals within a relatively short period. Scalping is all about in-and-out trading. Just look at all those signals at about 14:35 in the video. Would you take each one? Hopefully not! Controlling temptation is part of trading. Stick with the signals that work best. Use another system to filter and confirm.

DayTradeToWin Reviews ABC Method Rules for Better Trading

Why would you want to trade futures in the afternoon when the morning is said to have the best opportunities? Because still more opportunities exist in the afternoon. Perhaps you were busy in the morning or sought to recover from a couple of trades that didn’t go so well. Revenge trading or any type of emotionally driven trading is discouraged. Rather, sticking to objective rules ensures that one can more easily measure the success of an approach over a given period.

The ABC Method was designed for afternoon trading. Multiple entry opportunities can be found in the afternoon before market close. However, some days there are simply no signals. Trending days tend to trigger ABC entry opportunities. That’s because the ABC is a breakout method. If price exceeds the prior period’s high and low via two closing candles, then expect a signal in the new period. That means only periods B and C yield entry opportunities. period A merely establishes the high and low for a possible entry in period B.

It’s important to remember the first two periods are 2.5 hours in duration. The A period begins at market open, 9:30 a.m. If this sounds like too much work, you may consider the ATO 2 method which includes the ABC Indicator. Another option is the 8-Week Mentorship Program. With the latter, all courses and software are included with Lifetime licenses.

If you want to see these signals live, sign up in one of the forms on the DayTradeToWin website. Every few weeks, an invitation is sent so that new people can compare their live charts with John Paul’s to see his methods are for real.

Control Trading Risk: ATM Strategy Use

One of the best ways to control your risk is to know your maximum stop loss, your profit target, and apply them via a preconfigured setting. This way, in the heat of the moment, you’re doing less work, so that should reduce the chance of clicking the wrong button or entering the wrong value. ATM Strategies are such a way to preconfigure the amount.

Always trading with a stop loss is wise. If you don’t have one, you could be in for a wild ride. It doesn’t take much experience to see how price can suddenly move against one’s desires.

Another important thing is to use a trading strategy you feel comfortable with. The Trade Scalper from DayTradeToWin is discussed in this video. You can get a sense of how the method worked with possible winning and losing trades.

After the Trade Scalper signal review, the presenter discusses how to set up ATM Strategies within NinjaTrader 8. The process involves going to the custom area of the drop-down menu and then specifying a profit target and stop loss value. Both of these values are in ticks, not points, so please keep that in mind. You may configure several strategies according to your trading method recommendations and experience trading the markets. Using a format such as P4S8 for “profit target of 4 ticks” and “stop loss of 8 ticks” may be wise. Such a format also allows the ATM Strategy list to be sorted in a way that makes for faster access.

Even though ATM Strategies semi-automate order placement, you may still manually manipulate orders according to your own preferences.

May you excel at your trading!

Futures Trading: E-mini, Euro, Nasdaq, Dow, Micro

Finding a day trading course or indicator that can trade the E-mini S&P 500 ES, Euro, Nasdaq, Dow, and Micro E-mini S&P 500 is not so easy. Day trading websites are a dime a dozen and it seems that many of these websites are put to together in an amateur way. No disrespect intended – it is just that the way the pages are designed and the information is presented, sometimes it’s difficult to assess what you’re getting. The way DayTradeToWin approaches day trading is with simplicity in mind, and that includes the main DayTradeToWin.com website. There, you can get a sense that four trading methods are basically offered: Atlas Line, Trade Scalper, ATO 2, and 8-Week Mentorship.

The focus of the video above is of DayTradeToWin’s Atlas Line. As you can see, there are a few aspects to the indicator that are important: the dashed line, the main Long and Short signals, the bounce Long and Short signals, and long and short Pullback (P) and Strength (s) signals. How interesting it is to see how all of these signals work together to form one complete strategy! The approach is aided by the free ATR (Average True Range) which serves to provide the profit target and stop loss amounts.

Is it possible to consistently win in the markets? That’s the goal of every trader. It’s best to take trading one day at a time rather than overwhelm yourself with what-ifs. By all means, measure cumulative wins and losses over a good period of time: two weeks, one month, three months, six months, etc. and see how successful you’ve been. Sure, you could have an amazing month next month, but if the performance is not so good, do you want to keep trading? Does it make financial sense? Sure, past performance does not indicate future results, and the way that phrase is commonly worded, the meaning can go either way.

Clear, objective thinking and following the rules of the method will be the best way to assess the viability of that method. Does it work better than other systems you’ve used? Those that you’ve developed? Did you at least make back your money that you spent on the system? Did you learn one or more things? Even with losses, day trading can teach us a lot about ourselves – how well prepared we are, how we perform under pressure, what it’s like to potentially make money or have such potential in a relatively short period of time, to reach heights, to reach lows, and pull ourselves up with renewed insight.

What is Scalp Trading? A Definitive Video Example.

Want to review the performance of a day trading system from DayTradeToWin? The fastest way is to watch this new video where John Paul shares about five Trade Scalper signals along with real-time trading. The Trade Scalper software is easy to use and is enjoyed by beginner and advanced traders alike. No optimization is needed – once applied, trading signals will begin to appear again and again according to the rules of the method.

Those rules are fully explained via the included live training, training video, and digital course. Scalping tends to be quick trading, so it’s important that you fully learn how to use the software, at least, so that you can promptly submit the most appropriate type of order for the observed conditions.

For the live trade in the video, the profit target goal was 1.25 points, which is 5 ticks. It is said that 1 point = 4 ticks, hence the 1.25 equaling 5 ticks. Each E-mini S&P 500 tick is worth $12.50. If an order consists of 5 contracts, that means 5 ticks * $12.50 * 5, which equals $312.50. This is why you see the trade approach this dollar amount (the set profit target).

Please know that it is not necessary to begin trading with 5 contracts. In fact, this requires a fair amount of money set aside in a brokerage account. Rather, a trader should read all trading disclaimers and upon proceeding forward, begin the process of practicing with a real-time data feed and simulated account. After some time, moving forward with the Micro E-mini presents a safer option as compared to potential losses incurred when trading the regular E-mini’s greater (10x) tick valuation.

When scalping, the objective is to successfully win at multiple junctures throughout the day with each attempt furnishing several ticks of profit. Note that different markets, or trading instruments as they’re sometimes called, vary in tick valuations. For example, Crude Oil is “less per tick” compared to the E-mini. Sometimes, if the valulations are too low in consideration of broker fees and overall win rate for that market, you may prefer to trade others with a greater tick valuation and recognizable patterns of movement.

3+ Reasons Why a 2nd Opinion on Your Trades is Important

Here’s the latest DayTradeToWin video in which many trading signals are reviewed. First, we start with the Atlas Line trading software. As demonstrated about 2:00 into the video, the signal did not work out. That’s just a part of trading. Sometimes, additional signals the same day will set you back on the path to profit. Other times, you’ll hope to make profit the next day or thereafter. The idea is to have consistent wins over a specific period of time, which could be 30 days or longer.

If you had the ATO 2 and the Atlas Line or the Trade Scalper and Atlas Line, you could say to yourself, “I am only going to take signals from either system (or both systems) when both signals agree on the anticipated direction and the signals occur around the same time.” If you do just that, as demonstrated in the video, there can be great results. However, such results cannot be guaranteed – “can” means “possibly,” which is not as definite as “will.” The market will do what the market wants to do. Again, it’s a matter of cumulative wins outsizing cumulative losses per period of observation.

Adding a third method to the chart to get a third opinion can also be helpful. That’s what happens here when the Trade Scalper is added. Notice how there are multiple Short signals for all three systems that “follow” the price movement down? That was a great area of opportunity for winners. The following Strength (S) and Pullback (P) signals represent additional opportunities from the Atlas Line, however, some of those signals did not work out. Do you notice any additional signals from the ATO 2 or Atlas Line around that time? No. Well, that’s exactly demonstrating why it’s important to use multiple systems!

4 Chart Reviews From DayTradeToWin: Atlas Line, Trade Scalper, ATO 2, Roadmap

We have found four recent chart images to share with you! This first chart contains the ATO 2 and Atlas Line software from DayTradeToWin. When multiple systems confirm the same direction, we say, “All the better!” Such a confirmation occurs at two separate moments on this chart. The first is when the ATO 2 Short signal “agrees” with the prior Atlas Line Short signal. If you were skeptical about that first short trade, the ATO 2 Short served as additional confirmation that price was expected to move further South. And that’s exactly what happened!

Next, we have an even clearer indication of confirmation. The Short signals are practically on top of one another. Keep in mind, this happened while both indicators use entirely different rules for drawing the entry signals. The dashed arrows were added later on in an image editor in order to illustrate the approximate point of profit target for these trades, depending on the desired risk level. The ATR (Average True Range) is used as the primary tool for discerning the risk (profit target vs. stop loss, pretty much).

The next two charts spell things our directly on the charts themselves. The addition, here, is the Roadmap, a powerful tool that’s typically offered only in DayTradeToWin’s 8-Week Mentorship Program. The Roadmap is recognized by the Zone lines. These Zones are barriers where price may bounce or quickly pass through depending on certain factors.

Back to the Atlas Line and ATO 2 – the same sort of thing happens as in the chart above – the ATO 2 and Atlas Line signals occur almost at the same time and price soon travels in the anticipated direction. Later, plenty of Strength signals occur. These are optional trades that are typically for smaller amounts. They’re almost like scalping.

Let’s take a look at just one trading method, the Trade Scalper from DayTradeToWin, and see how many signals it can produce within a couple hours. I don’t know about you, but I see about eight different signals and most of them were winners. I see a Long signal followed by upward (bullish) price activity again and again. The Trade Scalper is favorite among traders because of how short in duration each trade is (less time = less exposure = less risk) and regular action. It’s important to like the style of trading that you do, because if it’s not enjoyable, do you want to be doing it every day?

Fortunately, the general feedback and reviews shared on the DayTradeToWin website has many great things to say about all the trading methods and John Paul. The methods are highly rated with the posts going back years. In the trading industry, it can be challenging to distinguish quality from junk. One way to get a sense of quality is to go back in time, whether on the website, YouTube, etc. and look at the performance. DayTradeToWin offers many years of testimonials.

Profit Target & Stop Loss Rules: Managing Risk

So, like the thumbnail of the video says, how does one trade rule-based strategies? By following the rules. Are you going to be taught all the rules in this video for the trading system(s) shown? No, of course not. That’s because you have to purchase the trading system in order to learn the rules. This is merely a demonstration with emphasis that it’s important to follow rules rather than going off-course, using your imagination, guessing, or stretching recommendations.

There are so many ways begin day trading. Just looking at the video recommendations when writing this present soptions regarding the mental game of trading as a whole, how to research trading, how to use relative volume to predict home run trades, and various steps to perform a specific strategy. Are any of these methods going to be valuable? Possibly, in terms of some self-understanding. However, the nature of such things is that sometimes a paid method is a paid method for a reason – it’s exclusive because it’s worthwhile. If someone can make money selling it and trading at the same time, why not? However, a lot of paid courses are junk. Many in the industry say this – rather than teaching exact rules, the course will show you demonstration after demonstration, providing little in the way of rules.

Rest assured, DayTradeToWin has all of the rules clearly defined. If you’re not successful, it’s just because the market isn’t aligning itself with the rules. This can be a good thing, as there is no need to blame the self. That’s the great thing about objective trading – no need to have emotions take charge. If you did everything correctly and it works or it doesn’t, you did everything correctly in either case.

The main purpose of the video above is to go over multiple Atlas Line signals. If you see a number of winning signals, that may provide a positive impression the method works consistently. It will be up to you to apply the rules that you learn. There are no guarantees in trading, only probabilities, and estimating on those probabilities is a most curious and risky endeavor! We wish you well. However, trading using a specific stop loss and profit target ruleset is one way to control risk.

If you, ahead of time, configure many stop losses and profit targets within NinjaTrader’s ATM Strategy area, then you can select the most appropriate given current circumstances. These stop losses and profit targets are not set in stone – you can modify them on the fly once your initial order has been filled. The easiest way to do this is by enabling NinjaTrader’s chart trader feature then dragging and dropping the profit target and stop loss to their desired values. Are there any caveats? Yes, doing so places you in the “back of the line,” so to speak. Your profit target or stop loss may not get hit when expected, so be careful.

With the DayTradeToWin trading methods, the ATR (Average True Range) is always used to determine the profit target and stop with the exception of some chart types where their use doesn’t make sense (i.e. range charts). The ATR is configured with a period value of four. Why four? Because that means the last four bars are used to determine the value. If greater than four, the calculation is based on older data. If the value is less than four, less data is used that may only give a picture of recent activity, which may be really dramatic or slow (thus limiting potentials).