Archive for October, 2008

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Just Look at the Patterns, the Same Every Single Day

Friday, October 31st, 2008

Take a look at the patterns below. Its the same every day, week, month and so on. Using my method and road map to financial freedom is possible.  The deciding factor is going to be you.  There is a famous line from a movie, and maybe some one knows which one it is, but the line goes like this, ” You are the problem.”

Sorry I don’t remember, but the idea is there, in that we are at times the problem.  As I have written in previous posts here and on my website, we are the ones that hold ourselves back. And that is reality. If you have “Focus, Patience and Discipline,” you can get your minimum goal of 2 points per day. If you do that, you will be set.

The next thing after that is “Time.” Time to let the compounding affect of your consistent goal of 2 points per day take its full effect. The trades are there, now it will be up to you to learn how the market works. So many people think they know and are rudely awakened by the fact that they are under water and start to panic. Its during this time that restraint is in order to refocus yourself and just chip away at the signals and you will be back.

Don’t ever think of how much money you leave on the board. That would be a form of greed and that is not a good thing. That thinking will sink you faster than a box of rocks thrown over the pier. Do you know what happens at that point? “Straight Dow baby. DON’T DO THAT”. This game is won in your mind only once you know how to trade. I can teach you how to trade and it will be up you to stay consistent with the method. People who follow my lead in my trading room will have the opportunity to hear and see my screen live. You will learn a lot this way as well as the online videos of live market action and all the other training that I give.

Have a good day.

Vince

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Big upmove off double bottom support

Tuesday, October 28th, 2008

The stock market had some nice moves today. I started trading a little late, about 7 am, and was done by 8:30. I came back after a few hour’s break and jumped in again. You can see the profit graph under this post.

The first graph was the morning session and the second graph is about 40 minutes in the afternoon session, New York time. Today I used some of the 3 strategies I have at my disposal. They are the T-1 setup, T-2 setup, and T-3 setup. The first is now preset at 3 ticks ( I upped it by a tick because of the increased volatility). The second is the T-2, which is multiple exits set at 1 point profit for the first target. The second target is set for 2 points and the third target is for 3 points. I had a lot of these trades today and have posted a few of them below. The last setup is the T-3 and that takes 1 point first with the next target set at 5 points. I had a few of these as well today.

There was a lot of volume and I had plenty of trades in both directions, up and down. The afternoon trades were a lift off to some record moves for the indexes.  I caught some of these, which pushed me to new equity highs rather easily.  If you place the orders in the right spot at the right time, you’re good. If you don’t, you will be hurting. TIMING is the name of the game, mixed with support & resistance and a basic understanding of how the market works.

People generally have a hard time buying at the high of the day. They always want to buy low and sell high. If the conditions are right, and they were today, buying high and selling higher is the right thing to do. It’s all about knowing where the stops are. By that, I mean people are very short this market and expect it to go down. When they are wrong, they need to cover their position or they are going to lose a lot of money.  They need to buy to cover and that buying pushes up prices.  That is what happened today. SHORT COVERING RALLY.

We will see you tomorrow.

Vince

http://www.screencast.com/t/TdMJl9hG

http://www.screencast.com/t/obHlKDhD

http://www.screencast.com/t/lscQu6G3ld

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Posted in Trading Patterns | No Comments »

I decided to do a little trading education here.

Sunday, October 26th, 2008

During this last week, I have not had the time to do any trading, but I have decided to do a little education on the signals generated by my method for that period of time.  This is just an overview of how things work and is not intended to be a complete training of my method. This website is where all of my training video’s and screen shots are with the method explained in great detail. That part of my site is still being worked on and will be completed very soon.

But in the mean time, I will give those of you who find yourself at my blog for whatever reason, to get a small taste of what is available here. When you learn the complete program, all of your questions will have been addressed and there will be no doubt in what to do and when to do it. That part of my web site will be for paid subscribers only. 

In the mean time I will post some of the possible trade setups here. On the screen shots themselves, you will see an explanation of the trades as well as the exact potential entry and the exits to go with it. I hope this helps in preparing you for a new journey into the markets. In addition, I will be offering a free 3 day trial to my live trading of the S&P E-Mini futures very soon. Here you will see “Live” market action with the orders being placed and targets getting filled, over and over. This will help you see that I truly know how to trade this market and give you some confidence in allowing me to mentor you through the most difficult process. Well, it’s time to go for now, but just wanted to let you all know what is happening.

Enjoy!

Vince T.

http://www.screencast.com/t/I0UniNDH

http://www.screencast.com/t/ElQj79rMv17

http://www.screencast.com/t/mXq2SwMwD

http://www.screencast.com/t/cjkkkTOk

http://www.screencast.com/t/QOSA3aAFv

http://www.screencast.com/t/KHW8iOvn

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Friday’s trading was a difficult start but great ending

Wednesday, October 22nd, 2008

Well, what can I say. Today’s start was a little rough for me. I think I was preoccupied with other things on my mind. I knew I should have taken a little longer before I started trading today. I didn’t get enough rest, didn’t prepare the way I normally do and had some unexpected news. It all made for a difficult start.

I was reminded not to be rushed in my pre-trade routine and separate any problems I might have from my trading. We need to be in “The Zone”, so to speak, and continue what has been customary operating procedure.  I did pull out of the flat period without too much problem, but it took a while. 

The need for proper order placement is so very important. Those of you who subscribe to my method know that it is critical to get this right, especially with the high volatility we are seeing these days. You can be stopped out very fast if you are not careful. I must say that I, too, need to be reminded of my own personal weaknesses so that I do not get cocky, but remain humble. This is something that will be done for me, with or without my permission. I will either be in control and live in a state of humility or I will be humbled by the markets. The thing is, I will get to decide which way I will receive my guaranteed state of mind. Isn’t that special? 

Well, back to the markets.

I will remind you of something I have said before and you will hear me say it again and again. Mental preparation with a solid plan to counter the draw downs that will come are a must. I had to stop and put myself in the so called “Penalty Box”.  This is when I hit two losing trades in a row. I do not want to experience three in a row, so I pause and read a short script to make sure that I am doing the right things and am not getting blinded by some preconceived opinion of direction. This has happened to me before and is one of the things that can “mess you up”, if you don’t stop and analyze yourself and your thinking.

You noticed that I said, thinking. That’s right, your thinking is what will decide your fate. That thinking needs to be clear, not clouded. You would be surprised after the trading day is over and you go back over your trades and look at the area where you struggled. You say to yourself, “What was I thinking?” It is very clear many times, that you can see your mistakes only after the markets are closed and you get a chance to look at it objectively and you get the reaction I mentioned above. This happens to everyone, so don’t feel like you are the only one.

That’s why I have created the “Penalty Box”. That’s for being a bad boy. It just gives you some time to let the move take shape and look at it objectively. Usually about 10 minutes is enough to accomplish this. After that period, you have had some time to pull yourself together and get the next one right and be back on track from there.

Well, I can continue, but I will hold the line here for now. Below is a chart of my equity. These are all the trades I took showing profit and loss. This equity chart is after commissions, in effect, net dollars profit for the day. I was trading between 2 and 5 contracts. 

http://www.screencast.com/t/rFSAhbfVq
free web stats

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Late start today, but the results are the same

Thursday, October 16th, 2008

I will post a bigger article later today. I am a little short on time but want to get today’s results up. One 5 minute video and 1 equity chart of all my trades and only 50 minutes of trading with 1-2 contracts only.

Bye for now

Vince

http://www.screencast.com/t/LqmurNxgA

http://www.screencast.com/t/TEPV2wW7Uz

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Biggest market moves since 1933

Thursday, October 16th, 2008

The Market has a lot of pep these days, unfortunately it’s mostly to the downside. I guess we should not complain because there is no shortage of action in the S&P E-Mini futures market. As I understand it, the market has not had this kind of volatility since 1933, with over 10% swings in a day. Incredible. I may even change up my strategy a little and be on the prowl for more of these big moves. I have plenty of tools to help me stay in the trade longer, while taking some profits early and letting the rest run, baby run. It might work out after I pick up say two times my daily goal and then just wait for the right time to strike, like a sniper would. He waits as long as he has to in order to hit his MARK.

I missed a good 15 point run today by moving my stop one tick down and getting stopped out. I wasn’t happy, but I pulled myself together and waited it out for another setup. That’s what I teach myself and today I had a chance to live it.

Below are a few 5 minute clips of some of my short term scalping. I was only trading 2 contracts on most all of these, but it adds up fast.  I hit my daily goal in about only 5 minutes of trading, which was nice. I have come to expect that, but I know that if I let my guard down, I will get spanked like a little baby and today I deserved a spanking, for a few impatient entries.  I was able to come back right away but that is beside the point. Anyway, here are the posts. I may not be putting my screen shots up like this, but I will post my equity charts, showing all my trades for the start of my day, first hour at least. My trade post will now be in my new web site, www.sniperdaytrading.com. Enjoy the rest of your evening and we will talk tomorrow. 

Vince

http://www.screencast.com/t/3xos4WoOjs   Today’s Profit trading only 2 contracts

http://www.screencast.com/t/EuGBVN97

http://www.screencast.com/t/ISBvjtvo5

http://www.screencast.com/t/1ZWoLGCcgt

http://www.screencast.com/t/pxBTy8BvSk

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Posted in Trading Volatility | No Comments »

Markets bounce off 50% Fib. retracement from 1982 low

Tuesday, October 14th, 2008

The market bounced off the 50% retracement level from 1982 lows.  I posted a long term chart a few days ago showing this. Today was the largest one day gain ever.  Let me tell you, this was a short squeeze. People who are short stock and want it to go down, found themselves wrong and throwing in the towel as they had to buy back their short shares on the open market to get them out of their position and stop losing money.  

I would like to see a continued rally just like most everybody else, but as traders, it doesn’t really matter which way the market goes for us.  We go with the trend and ride the waves.  Our basic strategy just takes a little piece out of the market here and there to get our daily goal, but we have secret weapons that we bring out when the time is right.  

Below are a couple of charts that show the exact entries of our 1/2 point entries.  We just need to get close to these entries to get our targets because there is a lot of room in most of the trades. Tuesday’s market will have live video of some of my trades. I will show you live how quick and easy I pick up my daily goal.  It should happen in no more than 10 minutes, possibly only 5.  You watch and see.  I will do this on the open of trading day. I do it every day, with no problem. Confident but still humble and cautious.

Until tomorrow.

http://www.screencast.com/t/4TgxIcUxE

http://www.screencast.com/t/VOW2HKqm

http://www.screencast.com/t/ODESdHVCj    This is a old live shot from last month.

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I hope I am wrong!

Thursday, October 9th, 2008

The market took another tumble of 500 plus points on the Dow. If you look at my post yesterday, I showed a chart of the Dow and S&P 500 with the major support broken. It looks like it is coming to pass. I hoped it would hold up, just for the economy’s sake, but as traders, it does not really matter. In fact, you have the opportunity now with bigger swings to trade a little different, and pick up the large swings off of the extra movement.

This is where my T-2 setups come into play. Bigger targets with scalingmethods being used. Our first target is 1 point with 50% being filled, the next is 25% at 1 1/2 points, and the last target is allowed to float to market conditions with a trailing stop.  I did this on a few trades today. The best part is, that once the first target is hit, the rest of the trade is a free trade. I will move up my stop once the second target is hit and a lot of time move up a couple of ticks even after the first one is hit. 

There are big moves happening all day and it can at times be a little hard to not get stopped out with only a 1 point stop, but do not fear. Stick to the method and be a little picky about which ones you trade.  I could have done better today, but I am not complaining. Not for 1 hour’s work with limited risk. Below is a post of my equity trades for the day.

Best Regards,

Vince

http://www.screencast.com/t/EnjEZl7ja

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Posted in Trading Turning Points | No Comments »

Equity Profit Graph for Trades October 8th

Thursday, October 9th, 2008

Below is the equity chart of the profit and losses for October 7th.  My method is consistent. It is up to me to be faithful and follow the rules. The rest is automatic.

I plan to post the trades I take up to the first 30-60 minutes I trade each day. There are a lot of people that do not like to do this, because it exposes them. Well, that is how we learn and also have the motivation to stick to the rules. This is also one of the reasons why I will be teaching my method to others. First, I like to teach, because it actually helps me become a better trader.  The methods need to be clear and simple to follow and they are. 

That does not mean the trading is simple. I can personally tell you, that if you do not respect it, you will get beat up. That being said, you should not fear it, but respect it and you will be OK. If you have someone to mentor you, it is a much faster learning curve. I never took any outside help while learning how to trade, other than my own experiences.  The long road I went down could have been a little smoother, if I had help, but I learned so much through the experiences.

One thing that I learned is that I am a scalper, by nature. I only like to be in the trade long enough to pick up a small profit, with the occasional “home run”.  My focus is then to have a high percentage of these to hit my goals for the day. 

Here is post below.

http://www.screencast.com/t/NM8QOR722 

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Another Big Drop for Markets

Wednesday, October 8th, 2008

Yes, it was another big drop in the markets today. When is it going to end?  The answer to that is, no one really knows for sure.  As a trader, that answer is OK, because it is the truth.  Our job is not to anticipate market bottom or tops, but to read  the current action.

“To read” means to observe, identify, interpret, but it does not mean to guess, project, wish or hope. There is a big difference. This is one of the most important things to remember. Market phychology is also at the top of the list of importance. You may have a winning system but you must be able to follow it. That means after a little down turn in your account, you don’t swing for the fence and try and hit a home run. Many batters in baseball are content to hit singles and doubles with the occasional Home Run. 

Below is an equity chart of the trades I took today. I did not trade all day but most of the early morning. I hit my target for the day, which is really only 2 points net after commission in about the first 15 minutes of the day. Here it is with a little added commentary.

http://www.screencast.com/t/EQDJoG4Y

http://www.screencast.com/t/7v7HuwFZ6

Good Bye for now and see you Wednesday.

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Posted in Bear Market | No Comments »

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