We are hosting a series of live classes this week for everyone that is part of the training program and the week could not have started off any better. July 30 was one of those days that day traders live for, one of those days where you end up with a big smile on your face at the end of the day. Everyone that attended the class and sent in their charts did a fabulous job of managing their trades and minimizing […]
Day Trading Blog
July 20th Recap: 12.25 Points in a 3-4 Point Range
Today is one of those days where I approached the market very cautiously due to options expiration week, and more importantly, options expiration day which happens to be today. Whenever we have options expiration week we have seen the market behave in an erratic manner which means we need to be aggressive with our exits to ensure that we lock in profit. The market typically doesn’t run on days like today. The premarket today started off very strong to the downside which […]
Day Trading & Travelling: Brazil Penthouse Edition
I have been day trading and travelling around the world now for almost 4 years now. I still remember when I was thinking about what country to visit first, I decided to start in Canada because I was worried about internet in other countries and figured Canada was different enough but still had first world characteristics. First world characteristics like fast and reliable internet I needed to make a living day trading I have been sharing my stories since the beginning on my […]
July 17th Live Market Class Recap: 4.5 – 6.5 Pts Available
One of the most important concepts that we talked about on July 17th in the live class was momentum. It is so important to be able to understand the micro momentum and know when to go long and short and also the macro momentum in order to understand when to be aggressive and conservative. One of the biggest problems that I see in people’s trading is not being able to make the switch, today was a day that started off straight to […]
The New Holy Grail Day Trading System
The day trading system that everyone is looking for, the holy grail. I am here to tell you that after 10 years of being in this industry I have finally found the holy grail of day trading systems. I hope you are sitting down to watch this revolutionary trading system The fact of the matter is that there is no holy grail day trading system. Most people are looking for shortcuts I have to be brutally honest and admit that when I […]
The Uneventful July 13th Market Recap – 3pts
These are the days that all day traders detest, a massive 19 point range where the market continued to fly to the upside and there were but a handful of opportunities to take advantage of. It’s even worse when you try to take trades and you just don’t get filled. I wanted to share today’s recap simply because I want to prove to you that it’s not about making double-digit points every day. I have shared when we have had absolutely massive […]
July 12th Live Trading Class Recap
I was supposed to process the video from our live class last week on Thursday or Friday but as always, life in Rio de Janeiro gets in the way. I wanted to share today’s live class specifically because it was a very uneventful. By uneventful I mean, there were not hundreds of opportunities that netted 1 billion points for us. I actually prefer to teach on these kinds of days because it forces everyone to focus on discipline rather than making money. […]
Student Trader Makes 6.5 Points First Day Live
I would like to formally introduce Paul to you, he has a unique story and came to me with the same story that most of us go through in the industry. I spent a lot of time and money and I am getting zero results. Sadly, I have even been through it, which is one of the reasons why I started this site I wanted to share his story because he was very hesitant to start with me. He did what any […]
Live Market Class Recap: July 10th 2012 (2+ pts to 10+ pts)
Just finished up a great live class today and realized just how hard it is to try and day trade and teach at the same time. Its a very careful balance and one of the ways that I devised my currently risk management structure when I day trade eminis on my own. One of the themes from today was identifying momentum and learning when to be aggressive. It is that whole idea of using a Congressive day trading system where you adapt to the momentum of […]
Live Market Class Recap: July 2nd
Today was one of those days that was exceptional for trading, not only because we could have made done well, but also because there were very important lessons which each and every single movement. There were so many opportunities to be able to take a graceful exit and learning the art of being able to exit a trade early is one of the things that is vital to trading. I have been gone from the United States for so long and have […]