Are you looking for the fastest way to become a day trader and learn trading software? We’ve uncovered a few tricks that will speed up the learning process and decrease the learning curve. Watch the video to see how John Paul, from DayTradeToWin.com uses the Trade Scalper method to win two trades in real-time.

Firstly, unless you’re visiting the website of an official broker or commercial trading platform, be VERY careful as the industry is riddled with get rich quick schemes. The truth is, like anything, you will need to practice. Fortunately, there’s a trading platform that let’s you practice at your own pace on your own free time. That platform, or trading software, is called NinjaTrader.

With NinjaTrader, you can use a feature called Market Replay to download and play back market data as though it’s happening live, in the moment. This brings you as close to trading live markets as possible without risking any real money. This experience is priceless. Most importantly, you can get NinjaTrader for free. There are may free resources for learning NinjaTrader. For now, we recommend NinjaTrader 7 and eventually switching over to NinjaTrader 8.

Trading Software & Real-time Data

Now that we’ve gotten the basic trading software out of the way, you need to know what you’re doing with the chart that’s in front of you. One way is to sit there and guess at what the market may do next. That’s a bad, expensive idea. You may get lucky, but to be successful in the long term, you don’t want to stake your livelihood on luck. You’ll want something that has been proven to work long-term.

This is where a well-documented company like DayTradeToWin.com comes in. They do not guarantee any performance. By the way, no trading company should guarantee performance because it will be against regulations to do so. Instead, they stand behind their products. Over 300 videos are offered on the website going back to 2009. Many of the videos show show real-time trades and testimonials from real traders. They include free customer support and live training with each purchase. Very few vendors, if any, can match Day Trade to Win in its long-term approach to ensuring the success of traders.

A day trading coach is an excellent way to expedite the learning process normally associated with becoming a professional trader. Without expert help, one can find himself giving the markets far too much money, too quickly. Instead, a measured approach under the guidance of an instructor is a better idea. The next Group Mentorship class from DayTradeToWin.com begins May 30, 2017. Read more about the Mentorship Program and sign up here.

Day Trade to Win’s Mentorship Program provides traders with a complete environment for practicing and learning the art of trading. There are many vendors out there that promise to show valuable strategies. In reality, the classes are designed to show you very little and wanting more. Rest assured that John Paul, lead trading coach, actually teaches rules for placing trades.

Firstly, you are taught to recognize whether a trade actually exists. This is usually a specific pattern of candles on the chart (all methods are based on price action). Next, once a trader is confirmed, check if the market is tradeable. This could be as simple as checking the ATR (Average True Range) value to see if it’s within one to four points. You may also check against other strategies for additional confirmation.

Once a trade is confirmed valid, it’s a matter of deciding the profit target and stop loss. The profit target is also calculated using the ATR. This keeps the profit within a reasonable level of what the market may actually achieve. The stop loss, too, uses the ATR. At first, double the ATR defines the catastrophic stop. In most cases, a smaller stop is hit first, such as the time-based or one that’s unique to the strategy you’re trading.

In total, you’ll learn about 10 different price action strategies over the course of eight weeks. All of the courses and software are provided. This includes the ATO (At the Open), Price Action Scalping, Trade Scalper, Atlas Line, Roadmap, Blueprint, Yo-Yo, Stair Step, ABC, and much more. Training is twice a week. Each class is an hour long. Remote support is provided to assist with installation.

Day Trading Coach – Group vs. Individual Mentorship

• Group is with other traders, not one-on-one, so it goes at the pace of the class; not so much the individual. If you want individualized attention, Individual Mentorship may be a better fit.
• Group is at specific times. Like Individual, if you miss a class, you can replay it. If your availability changes regularly, Individual Mentorship may suit better.
• Questions can only be typed in the live Group training room – there’s no VOIP or microphone chat. If you prefer talking directly with the day trading coach, Individual Mentorship is the best option.

 

Four times a year, traders of CME Group Equity Index futures (E-mini traders), must roll over to a new contract period. The contract rollover always occurs in the same months: March, June, September, and December. The actual rollover date is a little trickier to figure out. You may have heard the rule, “Rollover is always on the second Thursday.” This is incorrect. For example, the roll date in Sep. 2017 is the seventh, the first Thursday of the month. The best way to find the roll date is to simply look on the CME website here.

The next E-mini rollover is March 9, 2017.

Traders may roll to the next contract at any time. However, the tradition is perform contract rollover eight days before the current period expires. This date is known as the roll date. Many traders will trade the market with the most volume. Click here to check nearly real-time volume levels across multiple contract periods. Even on roll over day, the old contract often has more volume than the new contract.

Platforms such as NinjaTrader have popups to remind traders of roll dates. TradeStation, for example, has a continuous contract feature that allows traders to go back in time without adjusting the contract period. This is useful for backtesting strategies. In NinjaTrader, you can simply leave old contract periods active and easily switch among them via the drop-down list at the top of the chart.

Contract Rollover Instructions

1. In NinjaTrader 7’s Control Center, go to Tools > Instrument Manager.

2. In the name box, type in the name of the market to roll over, i.e. “ES” without quotes > Click Search.

3. In the search result list, click the market to roll over. For ES, only one market should appear. The selection should be highlighted blue.

4. If rolling over on or after the roll date, the next contract period should be selected in the Expiry drop-down. If rolling over early, simply select the next contract period.

5. Add the new contract period to the instrument list by clicking the left arrow button.

6. The new ES XX-XX market should now be in the instrument list. Click the OK button. This new contract period should now be available when opening a new chart or switching between instruments in the top-left drop-down of each chart.

Over seven years from the launch of the website and thousands of traders helped, DayTradeToWin is still be the leading educational resource for aspiring and veteran traders. First, it was the ATO strategy (At the Open), a trading system that provides entries based on the initial morning breakout move in the E-mini S&P. To this day, this strategy is still taught (only now made exclusive to the Mentorship Program). From there, software was created to identify the ATO trades automatically. Programmed for NinjaTrader, the ATO indicator can pinpoint the exact price and direction for traders to follow. Unlike other vendors who focus on trading indicators, DayTradeToWin’s products focus on price action.

Price Action Scalping, a new strategy, was frequently paired with the ATO. Using 250-tick charts, the Price Action Scalping method is now also found exclusively in Mentorship. The goal is taking multiple, small trades to increase one’s profit throughout the day. This strategy is accompanied by the TickCounter, a sister of the BarTimer indicator. The TickCounter indicates how many ticks are left in the current plotting candle (and thus how many ticks until the next candle begins).

Next, the Atlas Line was created. The Atlas Line remains as one of the most popular trading systems in the market, providing hundreds of traders with signals on a daily basis. The proprietary method was developed by John Paul to assist institutional traders. It was later adapted to NinjaTrader indicator software for the common retail trader. The version seen today calls out long and short trades, pullback and strength trades, all while confirming the direction the market is expected to take. One of the reasons why DayTradeToWin continues to be successful is the emphasis on teaching. A live training tclass is included with all courses and software.

There’s More to It than Trading Indicators

The Trade Scalper came later, providing another way to scalp considering market trends. The Trade Scalper indicator is advanced in the way it plots horizontal and vertical lines, letting traders know upcoming opportunities where a scalp setup may occur. Again, the goal of scalping is to rack up multiple winning trades. With a profit target ranging from two to four ticks per trade, and a maximum stop loss of six ticks, this strategy is designed for accuracy. Of course, the rules are fully explained in the digital manual and the live training.

Last but most inclusive, we have the Mentorship Program. It’s offered in two packages: the Group Mentorship and Individual. Group puts you in a room with other traders who want to learn how to apply price action daily to trading charts in order to be consistently successful. Individual Mentorship offers the same content, only it’s more flexible – you pick the class times and you can speak directly with John Paul through Skype. It’s the best way to learn everything and receive all the content through eight weeks of live training. Forget about the traditional trading indicators – it’s time for price action!

Did you take a look at where price ended up at the close of January 2017? Price closed slightly higher than it opened in the month. According to the Jan. Effect, price is expected to close higher for the year. This can provide for additional trading opportunities as price drops and then climbs to new highs throughout the year. To take advantage of these trades, use a daily chart. Look for long opportunities when price begins to retrace beyond 50% of the previous drop. This 50% level, identified with the Fibonacci tool, is your entry point. These Jan. Effect retracement trades also work with markets other than the E-mini S&P.

In the video, John Paul shares signals from the Trade Scalper software for NinjaTrader. Some of the visual aids (lines) are not shown, as they are only provided in the full version of the Trade Scalper. However, the basic Long and Short entry signals are exactly the same. For this method, when the ATR is under two ticks, the market is too slow to trade. A 1-min chart is used, so think fast, in-and-out trading.

After Jan. Effect, Real-Time Trade

At Around 19:00, take a look at the settings for the Atlas Line software. Remember, this is a recording of the live webinar, so all the attendees were able to see the first signal of the day provided by the Atlas Line. When using the Atlas Line, you see the exact same signals as John Paul and all the other traders see. You’re also taught exact stop strategies, such as the catastrophic, time-based, and prove-it stop. The current market conditions say the catastrophic stop should be worth about 12 ticks. At around 21:00, John Paul places a real-time trade based on an Atlas Line entry signal. NinjaTrader’s ATM Strategy feature lets traders use predefined profit targets and stop losses to simplify/expedite trading.

Remember the old ATO (At the Open) strategy? It’s a morning range breakout strategy that was the first course offered by DayTradeToWin.com. At about 25:00, an ATO signal is displayed. It’s always good when two or more methods provide a signal in the same direction.

Trading is not an overnight system to make money. It requires practice, patient, testing, and knowledge. Take your time, understand the risks, learn as much as possible.

John Paul can personally help you on your journey to become a professional trader. The next Group Mentorship class begins Feb. 20, 2017. All courses and software are provided with lifetime licenses. Don’t wait for another week or month to go by wishing you had taken the course. Click here for details.

Here’s a real-time Atlas Line trade placed by John Paul. With automatic trading signals, there’s no guesswork. The profit target and stop loss values are always based on the ATR (Average True Range). This is why John Paul is going for over 1.5 points and the stop loss is about double the ATR. If the market was slower, the profit target and stop loss would be less because the market is less likely to move a greater distance. One good way of seeing if there may be increased volatility in the near future is to check for economic news events. The news indicator for NinjaTrader 8 and 7 offered by DayTradeToWin.com displays news events on the chart. Bloomberg’s Economic Calendar is also useful – check for events marked with a red star, as these cause the most volatility. Generally, it’s advisable to stay out of the market until news volatility subsides.

If the profit target is not hit, there are rules for getting out of the trade. For example, the time-based stop says to wait a maximum of four bars (20 min. on a 5-min chart), then exit. If there’s a closing price on the opposite side, If the target is not hit, John Paul exits the market within a certain amount of time. On a 5-min chart, this time-based stop is four candles or 20 minutes. If price happens to close on the opposite side of the Atlas Line, then you can get out immediately according to the prove-it stop. What if neither of these conditions happen and price suddenly and strongly goes against your trade? That’s what the catastrophic stop is for – a safety net to keep you in during regular fluctuations, yet get you out of something drastic happens. John Paul teaches multiple strategies to filter trades, which can help in eliminating those that are higher risk.

Other Trading Signals?

The additional strength, pullback, and bounce trades provide more opportunities. On trending days, the strength trades can give you more entries as the market climbs up or down. Bounce trades are ways to take advantage of price reversals that occur on the Atlas Line.

There are two ways to get an Atlas Line lifetime license: the eight-week, all-inclusive Mentorship Program or simply purchasing a lifetime license that’s standalone.