Posts Tagged ‘daily goal’

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Strong Close in Today’s Markets

Monday, April 30th, 2012

Today is Monday April 30th with a slow day in the markets as there was not a lot to push things around like last week.

A pretty slow day, but there were a few OK moves early on. The mid day was terrible, but that is not anything we don’t usually expect. Low and or slow moving markets with little direction as they wait for the bigger players to come back from Lunch.

It did pick up with a good move around 1 pm, New York time. I missed that trade as I needed to walk away and take a break but it was the payoff for waiting out the move, which I was unable to do. I saw little in almost 2 hours of the market, as it looked like it barely moved. Late in the session it picked up and a good counter trend long set in for a strong move into the close.

I did have that one, as I saw that pretty clear and helped me pick up a little shy of a daily goal. The big picture painted a portrait for me and was happy with that last trade with targets hit exactly where I expected.

I have a patients threshold and I know that trying to trade in the slower time of the day, I am asking for trouble, but I still end up doing it. I usually am still able to do fine but I know I make things harder on myself than they have to be. I really don’t like a slow market.

Let me post my trades below and I do have a few notes there to show you what I felt. I am looking for a better price action day tomorrow and or should I say, I am hoping for it. Either way, I will make the best of it and keep moving forward. Good Trading to all. Vince

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Insiders Selling-fastest pace since data collected

Saturday, July 30th, 2011

7-29-11; Friday’s market action sure showed us some volume and movement. With all that is going on in Washington, the volume and volatility is likely to continue.

Let me post my Friday results first and I will share a piece of news that may be of interest to position traders and investors. Fridays trading turned out very good, but how I got there was not. I made a few mistakes and took on a big draw down for me.  I usually only risk between 4-6 ticks in the emini S&P’s on most trades and occasionally less, but rarely ever more. I did get a little frustrated in waiting for what I felt was coming.  It did come in the form of a  8-10 point fast move to the upside and I did catch it with even an add on just at the right time. The add on was the right entry and the indicators confirm. The day did turn out to be better than double daily goal and another solid week of gains.

The first four days of the week, I only took one trade or series of trades to hit my daily goal for the session (all trades always posted), reducing my time in the markets by a big margin. With summer in full swing, relaxing a little is totally acceptable, to me anyway.

A week or two ago, in trying to be positive and hoping that things will still yet hold up, (without reason) I wanted to believe that those on “The Hill”, would get it figured out. That optimism has been slipping. I won’t make any market calls but will say that if the lows of mid June get taken out than we will likely see much more selling taking the market down substantially of upwards to -100 S&P points. It is my belief that this area is critical to hold on to, or else.

In the week ending last Friday, market insiders have been selling their company shares at a higher pace than any time since the data began keeping track, 1974. This would be for company’s listed on the entire New York Stock Exchange. (Source, Vickers weekly insiders report)  Wow.  The ratio was pegged at over 13 to 1, which means that for every share that was bought in the open market by insiders, there were 13+ shares that were sold.

This is pretty significant any way you look at it and should not be discounted. A company insider, usually knows a little more about what you can expect than many analysis and has always been a good indication of future market direction, especially since it is the strongest reading ever posted. It is almost like someone got a memo and passed it around in a hurry. Maybe they know something?  Well, I would not think it as impossible.

With the market teetering on the edge right now, it won’t take much to send it over the cliff. Conventional wisdom would say that Washington gets it together and raises the debt ceiling just like they always do for the last decades. Why would they do different this time?  That was the attitude back in April when this was first coming into focus. I at the time knew different and thought that it was not going to be that easy this time around.

In fact in a blog article dated April 5th, 2011, just a few months ago, I stated that we would see a better than 50 % chance that a default of some kind of altercation was going to come from this debt ceiling problem. They may get it together but not before there is some kind of fall out.  I really wanted to go with a higher percentage, but I guess I was trying to play it safe. My feelings then were very strong about it and as you can see here we are again coming down to the wire and it does not look good; ( theater)

Things are not always as they appear and with all the political theater going on that is clear to see for most people at this point. There is a bigger goal here in mind with agenda’s. It reminds me of back when they were trying to sell the Iraq war, same thing.

Let me post a link to that April 5th article for those who want to read it. The whole article is really pretty good with some other interesting view points coming for 2012. I think it is a must read for that content as well as the debt ceiling call.     www.sniperdaytrading.com/2011/04/free-report-massive-economic-shift-in-2012/

Below is another related link that I also make mention of the debt ceiling and some very different insight by me on related matters. It is all significant because it lends insight into what might be going on behind the scene.   www.sniperdaytrading.com/2011/05/stock-market-year-of-economic-panic/   This link is from my May 17th blog posting and again I think it is a good read.

A week or two ago, in trying to be positive and hoping that things will still yet hold up, (without reason) I wanted to believe that those on “The Hill”, would get it figured out. That optimism has been slipping. I won’t make any market calls but will say that if the lows of mid June get taken out than we will likely see much more selling taking the market down substantially of upwards to -100 S&P points. It is my belief that this area is critical to hold on to, or else.

If you go to those other two links you will have plenty to read, so I will just wrap it up here. The moral of the stories, if you can say that, “be an independent thinker” and “learn from history”. Doing so will put you in a possible position to increase your wealth while others are struggling to just hold on.

Trade well, trade committed,  Vince

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Over Trading, an overlooked issue

Friday, July 15th, 2011

7-15-11; The last few sessions the market has been marking time, as it tries to decide what its next move will be. It has pulled back from recent market highs into the middle of its trading range as recent events unfold. The debt ceiling is a big one and it is not going away as well as so many other issues. Gold is coming back as all the uncertainty is making the metal shine as it moves to all-time highs.

There is a lot one could take in, but one thing remains as day traders, the markets will continue to move and with that movement are opportunities.  Below I will post my trades for the last two sessions as I did not post yesterday. The posting will continued below.

Friday’s Trades / Just one!

 Thursday’s Trades

As you can see from these and the hundreds of other daily trade postings that there is something to this. The trade indicators are only a reflection of the trading method and not the other way around. You don’t have to get them all right to come out on top for the day. You only need a few trades and often only one to pick up good daily gains for the session. Two times this week I picked up much more than the minimum daily goal I set for myself, which is between 2-4 S&P points. Those days can make up for previous losses and or days where one did not trade. This week, I did not trade on Monday and Tuesday’s session make up nicely for that. Wednesday’s session I did a little better on my timing and also picked up much more than the minimum, so Thursday and Friday I just coasted. I would rather take the easy road than to slug it out trading the whole session. If you can get ahold of your emotions and “at times” be satisfied with a modest gain, you will give yourself a greater sense of self control and that can help your confidence a lot.

Day Trading is about picking up consistent gains. You don’t have to hit home runs to make this work for you. Being patient, using a few of the tools for confirmation to pick up a few points each session is the way to go. There will be days you have losses, but they should be small, no more than 4 S&P points for any one session. If you don’t have a point that you stop, you can find yourself down 10 points and that will hurt your confidence and make matters only worst.

Being able to put the brakes on during a bad trading session is another sign of good trading discipline and though a losing session, you can make that work for you in the fact that you stopped trading when you should have.

Overtrading can be a big problem for many traders. You have to be able to follow through on making the tough decisions and saying “no”, “stop” or “wait”,can make a world of difference on how things turn out.  Overtrading can be a reflection of what is going on inside, but all without your knowledge. Examine yourself and see if you are overtrading. You can be better served by waiting for the better trades most of the time.

Many traders beat themselves at this, knowing and feeling that they can overcome, only to fall victim to the lack of will power to maintain control. You have to exercise your mind just like you do your body for other tasks. The battle is in the mind, so why not exercise the mind as we should?  There are lots of reasons, none that we often like to consider. Let’s try laziness for starters. O’ we will work hard on other areas, but when it comes to facing the difficult part which might be more mentally challenging than we are willing to commit to, be bail and find many reasons why we don’t.

These are just some of the deciding moments that will make a great trader or not. I know, it is hard to change parts of ourselves that get comfortable in bad habits. It is those bad habits in various areas’ that lend to a weak mind and thus a lack of will power to follow through with what we know we should while trading.

Are you starting to see how things can be different if you really want them to be? Those who need or want a fresh start and get some renewed insight into finding the mental strength to follow through may want to download the free E-Book on my website. Don’t worry, I won’t be trying to sell you anything after that point and up till now have not contacted anyone who has signed up for the book in any way.

I always meant to write a newsletter but never have as so many of my posting are of newsletter quality, at least I think so?  There have been a few hundred downloads for the book and that is great. I am sure it has helped many. My intentions were not to use it to contact traders to sign up for Sniper Day Trading, but to be a help in their mental trading challenges. For those that it may have helped, I am always open to hear what you think.

For those who have questions about your own trading and want some objective advice, you can contact me for that too. Again, I keep it to what you are asking about and don’t use those times for any other reason. I love to get positive reports back and have been getting a lot of them from members, but occasionally I do get some good feedback from a few who I have helped who are not members.

If my blog postings have been a help, don’t hesitate to let me know. That is what drives me to keep them interesting. I admit, occasionally I don’t put in as much as I could, but a fresh batch of encouragement will always help. OK, that’s it for today. I wish all my readers the very best.  Vince

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Strength to take your Losses

Friday, May 14th, 2010

Today is Friday May 14th and what a sell off from the top as called.

We moved up to the 1177 area (1175) as called in the night trading two days ago and sold off yesterday with follow through to the downside today.  At 12:19 Friday West Coast time as I write this we are currently at 1127 with 1124 the low for the day That would make a 50 S&P point drop in two days since the call as of now.

As I mentioned I knew there was traders who hold positions overnight just waiting to catch the S&P short at the top. They even did not have to wait up, depending on the time zone as a strategy for those who make such moves is to sell short at a price, say 1174 and put a price in to cover, say 1178. What happens here is if any time during the night the price trades to 1174 or better, they get filled and then there buy stop gets activated at 1178. This is a little risky because you should always watch your positions before entry, but I know it is done all the time for those who can take on the risk.

If that was to much risk, there were low risk area’s to get short in yesterday’s market, especially late in the session at 11:25 (West Coast) as the market dropped nicely. I don’t play the long term swings but I like to follow it, to better stay in touch with the general flow or rhythm of the market. This way, when I come into the market, when ever that is, the open or more likely mid day, I am not having to do as much analysis to get up to speed on the big picture.

In today trading I have a u-tube video of the trade working. I only took three trades today and picked up my minimum daily goal. I don’t always try and make the huge days every day. I find it easier to just trade to a modest target and stop, but that is not every day. Some times when the market is moving nicely, I will take advantage of the movement and go for much more. Traders, I feel need to keep a handle on always wanting more. If you struggle with this, to often you will not only lose what you had and more, as you find yourself saying, “should of, would of, could of”.

If you don’t what to find yourself in that situation, then you need to pick a modest daily goal and stick with that. On days when you see the trades easily and the market is just giving you the move, take those and add to your day for extra returns. I feel we need days like that a few times per month (3-4 minimum ) to help out with any bad or struggling days you may have previously had.

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Strength to take your losses: Every trader is going to have losing days, that is just the way it is, but you can keep it to a minimum by having a daily stop out point for yourself. Sticking to a daily stop point is just as important as not pulling your stops and accepting that you were wrong on that trade. We can not let our ego’s get in the way of attaining our trading goals. Those that do, will struggle more than they need to.

You need to come to the conclusion that you will not get all your trades right and you need to stick to your pre-defined stops. When you pull your stops, you are telling yourself that you are not ready to trade. You can not handle a losing position properly. That is only going to make it worst the next time you put on a trade as well. If you substantially moved your stop or pulled your stop and the market were to recover, you may think that you did the right thing, but you will loose what ever you recovered on this trade and then some on future trades, because you just programed yourself, for when you get in trouble, move your stop or cancel it and give the position more room to come back.That is going to set you up for only bigger losses in the future at a time when you least expect it.

With this kind of trading behavior, you are unstable. You will never come to find the consistent market gains that you so want. The harder you try to cover your losses the more you end up calling them to you.

What is a trader to do? The first thing is to accept that you will have losses and resolve that you will not pull your stops or move them except in the direction of your trade position (locking in profit). This is a mental decision that needs to be resolved before you put on another trade. Next, in order to attain the goals that you set, you will never achieve them by widening your stop, so don’t do it, ever. If you are not sure of the trade and feel uneasy about it, hit the close button and you will go flat and all stops will be canceled. It is better to do that than see your trade go against you when you know something is wrong and try and make up for a bad decision by doing what will never help.

If you are always getting stopped out, that is a sign that your timing is off. Trading is about timing, pure and simple. When to enter and when to exit. If you are getting stopped out, you need to look at your trading model. What ever you do, you need to be consistent in it, that way, once you find where your entries need to be, you will be able to repeat, again and again.

Below I have a screen shot of my T-2 trending model with only one indicator at the bottom. I have many more things to build on the charts to make it complete but only showing this part. This day up until 12 pm West Coast had 18 trades (23 whole day) of at least one S&P point profit in it and carrying only a 1 point stop. I see virtually all winning trades for the day. This is just to give you an idea that timing is the key and it is possible to find if you understand how to trade price action with some help from the indicators to start. As a note, I would not be trading all of these turns and teach how to screen out the best trades in my mentoring program, again, just showing what could be possible.

Have a great weekend to all !   If you need or want help, email me at vinnie@sniperdaytrading.com

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Big Stock Market Move Coming !

Sunday, February 28th, 2010

Today is Sunday, February 28th and this post is for Fridays market.

The market on Friday, I believe is marking a little time. There is a good chance that we will see the rally that I had talked about last week. We saw an inside day, from Wednesdays market, followed by the sell off I was looking for, but came up about 6 points short of reaching the target. The next part of that was the reversal I called for, and it did come, closing at the highs of the day, I am sure a complete surprise for many. That happened on Thursday and Friday we just saw some base building and ended the session up slightly near the highs of the day. Monday will have to be the day to rally if in fact it does. To me that is the on time day.

The market sentiment numbers came this week with some changes. On Tuesday, the new numbers came out after a large market drop and thought it might have an influence. It didn’t, in-fact, it went the other way with bullishness increasing by over 6 to around 42% and change.

I believe there is still room for a rally here, but it will probably be contained. The market is in a key spot right here. The volume and volatility is going to pick up for sure. I can see it in the daily charts. Be on the look out, I think we will see a trending day up, but anything can happen. The market is in tipping point position, a move big one way or another, which ever way it breaks, you will see high volume and a little conviction behind it. Well, that is what I see. Always keep an open mind and don’t hold onto any market direction opinion so strongly that it blinds your decision making ability to read the price action. I mention it, because it happens all the time to traders.

Trade what you see, not what you think. That will keep you out of trouble to some extent. One more thing, if we get a trending day, try and trade in the direction of the trend as best you can. Trying to go against a strong trending day, can wreck havoc with your account equity.

Find what you feel are safe entry area’s and enter as the trend continues. Playing a choppy market or trending market is different and you need to ready for both.

Fridays trades below, daily goal met. It is not perfect, but trading is not about being perfect, but doing enough right things to get your points for the day.

Good Trading to all.

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Business Plan

Friday, February 26th, 2010
# Contract x $50 per x1 pt. x 2pts x 5 days wk = $ ——– Weekly Draw

1 x 50 dollars pt. x 2 pts x 5 days wk $500.00
2 x 50 dollars pt. x 2 pts x 5 days wk $1,000.00
3 x 50 dollars pt. x 2 pts x 5 days wk $1,500.00
4 x 50 dollars pt. x 2 pts x 5 days wk $2,000.00
5 x 50 dollars pt. x 2 pts x 5 days wk $2,500.00 $250.00
6 x 50 dollars pt. x 2 pts x 5 days wk $3,000.00 $500.00
7 x 50 dollars pt. x 2 pts x 5 days wk $3,500.00 $750.00
8 x 50 dollars pt. x 2 pts x 5 days wk $4,000.00 $1,000.00
9 x 50 dollars pt. x 2 pts x 5 days wk $4,500.00 $1,250.00
10 x 50 dollars pt. x 2 pts x 5 days wk $5,000.00 $1,500.00
11 x 50 dollars pt. x 2 pts x 5 days wk $5,500.00 $1,750.00
12 x 50 dollars pt. x 2 pts x 5 days wk $6,000.00 $2,000.00
13 x 50 dollars pt. x 2 pts x 5 days wk $6,500.00 $2,250.00
14 x 50 dollars pt. x 2 pts x 5 days wk $7,000.00 $2,500.00
15 x 50 dollars pt. x 2 pts x 5 days wk $7,500.00 $2,750.00
16 x 50 dollars pt. x 2 pts x 5 days wk $8,000.00 $3,000.00

This first 16 week section is the bedrock or foundation for going all the way. Not many people will be able to do this, I tell you that right now and up front. These results are not typical and I am not representing them as such. That being said, it is possible.

Just because most people do not have the discipline it takes to realize these results and the ones from below, does not mean it can not be done. It is up to the individual and their drive, passion, hard work and dedication to make this a reality for those that want it.

Many traders are quite satisfied to trade smaller lots and stick with that. I would add, it is easier to trade small size for the most part. When you increase contract size, it usually changes things for most people. Notice how I said, most people. Maybe you are not like most people and in-fact do not want to be put in a class with “Most People”. I don’t blame you, I don’t either.

What I am saying is, if someone does not lay out the possibilities to attain a specific goal, he will never know how to achieve it or even the idea of achieving it, will be foreign to him. So that is why I lay it out as such, for seeing the possibilities of what the exceptional could do.

The most difficult part in reaching this goal is not attaining the 2 points per day to acquire the results, but it is in the mental preparation and “mind games” that people allow themselves to become subjected to.

As you increase your size, there may come a point that you start to get affected by the money. You may say to yourself, “that is a lot of money, I don’t know about that, maybe I should trade smaller”. Here, the money is affecting your decisions and may start creating problems for your actual trading results.

In this case, it come down to personal choice and meeting your overall objectives. If your goal is to earn 200,000 a year at trading, that is a worthy goal. You may only need to trade up to a specific number of contracts and stop at that point. (The number of contracts to do that is 8-9 contracts at 2 points per day, that is do-able.) What you feel comfortable with at that time. As your account grows, you may feel more comfortable with increasing your size and you may not. Again, personal choice.

If you decide to go to the next level, it usually does get harder, but it is only in your mind. If you stick to the plane and do all the things I teach in my trading manual, listen to the mental exercises two or three times a week, which will allow the neuro-linguistic programming their to take effect and in addition, work on yourself as I explain, there is no reason why you will not have a shot at moving on to the next level.

17 x 50 dollars pt. x 2 pts x 5 days wk $ 9,000 $ 3,500 wk
18 x 50 dollars pt. x 2 pts x 5 days wk $ 9,500 $ 3,750 wk
19 x 50 dollars pt. x 2 pts x 5 days wk $ 10,000 $ 3,000 wk
20 x 50 dollars pt. x 2 pts x 5 days wk $ 10,500 $ 4,250 wk
21 x 50 dollars pt. x 2 pts x 5 days wk $ 11,000 $ 4,500 wk
22 x 50 dollars pt. x 2 pts x 5 days wk $ 11,500 $ 4,750 wk
23 x 50 dollars pt. x 2 pts x 5 days wk $ 12,000 $ 5,000 wk
24 x 50 dollars pt. x 2 pts x 5 days wk $ 12,500 $ 5,250 wk
25 x 50 dollars pt. x 2 pts x 5 days wk $ 13,000 $ 5,500 wk
26 x 50 dollars pt. x 2 pts x 5 days wk $ 13,000 $ 5,500 wk
27 x 50 dollars pt. x 2 pts x 5 days wk $ 14,000 $ 6,000 wk
28 x 50 dollars pt. x 2 pts x 5 days wk $ 14,500 $ 6,250 wk
29 x 50 dollars pt. x 2 pts x 5 days wk $ 15,000 $ 6,500 wk
30 x 50 dollars pt. x 2 pts x 5 days wk $ 15,500 $ 6,750 wk
31 x 50 dollars pt. x 2 pts x 5 days wk $ 16,000 $ 7,000 wk
32 x 50 dollars pt. x 2 pts x 5 days wk $ 16,500 $ 7,250 wk

So, you decided to go for it. You will need support. NO DOUBT. Trading for Big Money does not come easy. When things get a little tough in this section, you will need someone to help you through.

I offer support long after the purchase of my course and anyone scaling up their contract size over time is going to need help in keeping perspective, clarity and focus when targeting higher objectives. This is not an option. If you need and want much more time to attain these higher goal objectives I am sure we can work something out. Just let me know.

I currently have a small group of traders and do plan to grow, but I am not interested in growing into very large group. This way, I will have time to address individual needs from traders as the process of meeting their daily trading goals unfold.

33 x 50 dollars pt. x 2 pts x 5 $ 17,500 $ 7,250 wk
34 x 50 dollars pt. x 2 pts x 5 $ 18,000 $ 7,250 wk
35 x 50 dollars pt. x 2 pts x 5 $ 18,500 $ 7,250 wk
36 x 50 dollars pt. x 2 pts x 5 $ 19,000 $ 7,250 wk
37 x 50 dollars pt. x 2 pts x 5 $ 19,500 $ 7,250 wk
38 x 50 dollars pt. x 2 pts x 5 $ 20,000 $ 7,250 wk
39 x 50 dollars pt. x 2 pts x 5 $ 20,500 $ 7,250 wk
40 x 50 dollars pt. x 2 pts x 5 $ 21,000 $ 7,250 wk
41 x 50 dollars pt. x 2 pts x 5 $ 21,500 $ 7,250 wk
42 x 50 dollars pt. x 2 pts x 5 $ 22,000 $ 7,250 wk
43 x 50 dollars pt. x 2 pts x 5 $ 22,500 $ 7,250 wk
44 x 50 dollars pt. x 2 pts x 5 $ 23,000 $ 7,250 wk
45 x 50 dollars pt. x 2 pts x 5 $ 23,500 $ 7,250 wk
46 x 50 dollars pt. x 2 pts x 5 $ 24,000 $ 7,250 wk
47 x 50 dollars pt. x 2 pts x 5 $ 24,500 $ 7,250 wk
48 x 50 dollars pt. x 2 pts x 5 $ 25,000 $ 7,250 wk
48 x 50 dollars pt. x 2 pts x 5 $ 25,500 $ 7,250 wk
49 x 50 dollars pt. x 2 pts x 5 $ 26,000 $ 7,250 wk
50 x 50 dollars pt. x 2 pts x 5 $ 26,500 $ 7,250 wk
51 x 50 dollars pt. x 2 pts x 5 $ 27,000 $ 7,250 wk
52 x 50 dollars pt. x 2 pts x 5 $ 27,500 $ 7,250 wk

If you are on a quest for greatness, this section is where it happens. You will need all of the things mentioned in the section just above and now, more. If you are able to continue scaling up your trades and get an occasional day that you bring in 6 or 8 points, say two or three times a month, this will insulate you from the occasional day that you get stopped out at your daily loss limit. (-4 points) Having a daily loss limit is so important, I cannot express it enough. YOU NEED TO CONTROL LOSSES.

That is what is always needed at any stage. There would not be any reason to consistently trade for your daily goals and in one day or week, loose a ton or ground and cash. That is what happens to traders all the time. They make it fast and loose it faster.

You need to make it slow and hold on to it. In my trading manual, I lay out all the specifics on how to go about doing this and again, you will need some kind of additional support.

When you start out at week 2, after your 1st week warm-up, you will be risking $100 (1 point, $50 pt x 2 contracts) against an account of say $5,000, an average opening balance for many people. That represents 2% of your equity per trade taken.

After the second section from above, if you are still on course, your risk per trade is now down to .85% per trade taken. Very Good, considering that you have been taking money out of your account. After the third and last section, if you are again still on course, your risk per trade is down to a touch over .50% and that is outstanding.

Overall your risk is going down all along the way and you are taking cash out of the market. By doing this, you are lessening the impact that the money will have on you. You do not have it all on the line, something a gambler would do.

This is the reason why, I do think it is possible for the exceptional to achieve results similar to this. It, by any means does not happen very often, but again, do not let that hold you back. Just because others have tried and not been able to do it, does not mean that has to be transferred over to you, does it?

I DON’T THINK SO! and you shouldn’t either.

Trading for as lofty of a goal as described in this section is again not easy and it may be as previously stated that you trade up to a specific number of contracts and “Hold the Line, Stay with Me”. A famous line from the movie Gladiator. Sorry there, a little off subject. The point is, this plan is not for everyone.

A very attainable goal, is to start trading just one contract for the whole month. If you have averaged 2 points per day, high and lows, then you increase your contract size to two, for the month. If you do not get to a net 20 days x 2 points per day, you stay at one contract until you do. Then you can move on to three and so on.

If you stay close to this plan, with conservative daily targets of 2 points + an occasional windfall 6-8 points once of twice a month, you will be trading 12 contracts and on pace to making over $250,000 a year. That is making it slow and holding on to it.

For so many others, it will only seem like a dream and those that have failed will tell you, “It can not be done”. Don’t let anyone’s negativism take your dream. Back in the day, others who knew what I was doing tried to do just that to me. If I would have listened to them, where would I be know, no where close to what I have achieved.

In closing, I believe that trading for 2 points per day is achievable and feel totally confident in my approach in getting it. I don’t currently trade the size I would like, but that will soon change. Getting my daily goal and helping people get theirs has clearly defined my objectives at this time.

Good Trading to All

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Friday, February 26th, 2010

If you have 60 to 90 minutes a day, a computer, risk capital, the Internet, mental discipline and “Sniper Day Trading”, I believe you may have what it takes to attain financial and time freedom by Day Trading the E-Mini Futures.

Emini Course and Mentoring Program

In my Emini Trading Course, I show you how to utilize a “Sniper Trading” type approach using my tested method to earn at least 2 points per day from the markets. You could learn how to make consistent profits in good or bad markets. Our method focuses on high probability trading, delivering you your points for the day. Day trading for a living does not have to be hard, if you have the right method, plan, course of action and someone to explain it to you in a live market trading environment.

Price action, is driven by emotional buying and selling decisions for a variety of reasons, all of which are present in the current price at any given moment. Our job, is to find the turning points that exist in each session through precision market timing. These turning points are present every day the markets are open. Sniper Day trading will teach you to clearly spot where these turning points are, using a trading mastery type approach. These points show up like consistent “Sniper” shots on your trading screen and are clearly defined by using the custom tools I have created.

We strive to teach our students to learn price action apart from indicators or tools, but they are helpful to point out what may not be seen in the beginning. I am sure what I have in full is not being taught by anyone and is unique to me and the many years I have spent developing and now clearly defining the “Sniper Day Trading Method”. The signals generated by my method will produce the same signals to anyone who is following it, there is really no gray area, only which trades you decide to take and which you let go by.

Sniper Day Trading Method

We trade with tick data and use multiple time frames in timing our trade entries. I have three different styles I trade and bring them up as the price action dictates. One is a “Scalp Trading Method”, (T-1 Trade) that is very accurate in picking up 2,3 or 4 ticks on the S&P. My stops are such, that this approach averages a one to one risk/reward ratio, but enjoys a very high percentage “Win/Loss” ratio. This is bread and butter for me.
The second style enjoys the benefit of my “Precision Turning Points” model, (T-2 Trade) and is usually traded with multiple contracts. The first part is scaled out around 1 point, which quickly brings me to a no loose position and the second half is usually allowed to run. I have four incredible ways to get out, all of which act independently of each other, but are uncannily similar in their results.

The last, is a “Pyramid Trading Method”, that when conditions are right, you are able to keep your first risk small but scale into the trade, adding positions in the direction of the trend, but only at very low risk entry points, keeping your stops down to 1 S&P point. Each one of these methods are very clearly explained in my 80 page trading manual and followed up in the DVD training part of my course. They will also be gone over in our live trading sessions.

While only needing to pull 2 points after commission per day out of the market, (8 ticks) catching a few scalp trades or a T-2 trade, is really all you need to hit your daily goal. I believe in setting realistic goals, which increase your chances to meet them. By having a clear mind, a solid trading plan, with position sizing risk limits and rock solid money management, you come that much closer to trade your way to financial and time freedom.
Examples of two typical trading days back to back, applying the Sniper Day Trading Method. It only took about 20 minutes to get my daily goal plus on both of these days.

Mental Discipline and Trading Psychology. I have told you what I can offer to you, but this is not all you will need for success. I am convinced that my method, custom indicators and complete approach could make the aspiring trader profitable on a regular basis, but do you have what it takes? Trading psychology plays a huge roll in all traders, whether they know it or not. You have forces constantly working against you. Success is only going to become a reality to you, if you have the qualities needed to pull this off. What you are going to need is * Discipline * Patience * Ability to follow rules * Control your fears * Get a grip on personal greed. Frequently, I talk about this in my daily blog, because they are too often why traders fail to reach their goals.
I offer a lot of support in this area as well, if you are a struggling trader and want to change, I have the tools, method and know how to likely turn you around, so that you can create the consistent income, free up your time and fulfill your dreams in becoming a successful day trader.

Mental Exercises

In my program I address some of these issues in a series of “Mental Training Exercises” that I have put together. They are designed to get your mind thinking and believing that trading for a living and meeting your daily trading goal is normal, natural and the only outcome you will accept. The titles in the first series are; * Financial Freedom * Positive Risk Taking * Holding your concentration while trading * Achieving your Trading Goals. The titles in the second series are; * Overcoming Trading Obstacles * Controlling Emotions while Trading * Overcoming the Fear of Failure * Creating Hope & Success.

These I believe are very powerful and are in, “the first person” and will become personal to you. They are a form of Neuro-Linguistic programming that can take you farther and bring you closer to meeting your trading goals. They are, in written form and in audio CD and created by me. My plans are to continue to expand these in the future and make any new additions available to students who come on board, all at no extra charge. These training series are specific to traders and cover issues they face.

Solutions for traders, Sniper Day Trading

I realize that not everyone is born with all the qualities a successful trader will need, but I feel it can be learned if you want it bad enough. Ask yourself, how much do you want to become a consistent successful trader ? The answer to that is going to make all the difference in the world.

I know personally the things that hold traders back from bringing it all together and I know exactly what to do to help them change. I believe I can help the struggling trader as well as the trader who has never done this before.
I can set you on a course that is tailored to your experience level and walk you through everything needed and expected. The good part is, you won’t have to go it along. If you have any question, I can not only answer it, but help you apply it, to get the results you will need. Our daily goal is not to hard to hit, 2 points + per day. We can take a conservative approach to help you get that goal regularly.

If you are honest and know you need help and are willing to work hard and change what ever you have to, then I am sure I can help. Trading for a living is possible, but you need to do different, be different and think different from the majority of other traders. If you first commit to yourself these things, then I will commit to you, which will bring you one step closer to the success that we all strive for. Lastly, I want to assure anyone with doubts, my method, straight up works. The only question that remains is, will you move forward and decide to make it work for “YOU”.

Price Action Day Trading

“Price Action Day Trading”, is the key to your long term success. The markets do something everyday that is consistent since they began trading, over one hundred years ago. It exists in all time frames and gets played out on trading screens across the globe each day. It is important to understand and learn, “good price structure” and how it is built. That is what I teach and that is what students get when they partner with me at Sniper Day Trading. The key is learning what to do and when to do it and why. If you don’t know the answers to those questions you will eventually fall short. Many traders use indicators to help them and that is OK. I have them and use them also, but I do not base my trading decisions on the indicators. I base it on good price structure and trade setups that happen over and over, day after day. Traders and investors are very predictable, they base many of there trading decisions on emotion. Knowing slightly ahead, how they will react when certain prices are reached and breached, give us the trading edge we look for. With that said, the indicators magically line up with our trading decisions which can give us the added confidence to put our money on the line.

Below is a typical trading day where you will see the trading, “Turning Point”. I have stripped away everything from the screen except two things. There is much more, but I just want to show you that the indicators line up with our turning points. Which came first the chicken or the egg. The chicken and that is price. Price is always first and the indicators are second. That being said, the indicators can help traders see what is already on the trading screen. I hope this explanation helps clarify in the minds of seeking traders that what we have and do is real and works.

What You Get With Sniper Day Trading

  • My E-Mini Trading Manual (hard copy 80 full pages) with future updates. (very nicely done)
  • Complete DVD video training package in very nice hard cover locking case / extra: will include method applied to stock trading.
  • Method explained throughout the week, with full screen video and audio illustration in both the T-1 and T-2 screens, “Turning Points”. Very powerful part of ongoing training. (This service will be included ongoing all at no extra charge)
  • All custom chart settings to build your trading platform and help by me if needed to set it up.
  • All of my custom and modified indicators I created, that will unmistakably identify my “TURNING POINTS” for the T-1 and T-2 trades, when applied to the method.
  • Method checklist work-sheet ( for examining trades against method).
  • Laminated 8×11 “Method Overview”, to pin up over trading screen. Laminated 8×11 “Mental Exercise Overview” pin up over screen.
  • Mental Training Exercises: eight titles – audio CD and in written form. On-going future title releases no extra charge.
  • Leather bound “Trading Journal”, to help you keep your thoughts, progress, questions and answers.
  • I will personally work with each trader by screen sharing technology and voice of I.P. through SKYPE, in a live trading environment. After you go through the material, we will set appointments for our personal sessions together. We will apply live market data to the method and I will show you exactly what to do and how to do it. The manual and video’s will give you a head start, but working with me personally will undoubtedly bring it all together. I will spend as much time as needed with each trader who comes on board until he or she understands the complete trading method.

If in the future if you have questions, I will always be here to discuss them and go over your charts to help point you in the right direction. I am not just selling my trading method, but offering much more, mentoring and getting you profitable. Traders often face mental barriers that hold them back, but they do not know exactly what it is or why they consistently make the same mistakes over and over again. I can uncover the problems here, find the solutions and set you on your new course.

My goal is to get each trader that joins with Sniper Day Trading to book at least 2 points per day and gradually increasing contract size to a desired income goal. I will do my part as stated above, will you do yours?

ORDER HERE

Important Notice – Risk Disclaimer:

Futures Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don’t trade with money you can’t afford to lose. This is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any e mini trading system or methodology is not necessarily indicative of future results.

Daytrading Involves High Risks and You Can Lose A Lot of Money.

Hypothetical or simulated performance results have certain inherent limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not actually been executed, the results may have under or over-compensated for the impact, if any, certain market factors, such as lack of liquidity. Simulated e mini trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown.

Additional Cautions

There are no guarantees or certainties in trading. Reliability of trading signals for mechanical systems are in probabilities only. Trading involves hard work, risk, discipline and the ability to follow rules and trade through any tough periods during the methods off times (and all methods or systems have off times) – If you are looking for guarantees, trading is not for you. Most people lose trading. One of the reasons is that they are not consistent and lack discipline. A method of system can help you become consistent, BUT you have to stick to the method like a formula. The ability to be disciplined and control your emotions is even more important than any technical indicators a trader may use. Worrying about the money aspect of trades (which is an emotion) can contribute to and cause a trader to make errors. It is important to trade only with true risk capital. You can find further information at: www.sec.gov

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FAQ

Thursday, February 25th, 2010



Frequently Asked Questions (Click on the Question to Reveal Answer)

Q. Can I trade more than 30 to 60 minutes a day?
A. Yes. You can break it up into two sessions if you like. Perhaps a morning session and afternoon session-make 2 point each session.

Q. Can I trade for more than two point a day?
A. My E-Mini trading course has advanced material for those who WANT to trade all day and earn more than two point a day. That’s fine to do, as long as you stick to the rules and not deviate from the trading plan. I personally do not advise it. The high side of the daily goal, four points, should be enough for most traders.

Q. Can I use this with Eminis other than the S&P?
A. Yes! my method works great with the NASDAQ Minis and the Dow Minis.

Q. What is a Day Trading School?
A. Many websites offer day trading training where you have to attend a classroom in a school. If you are not near one of these “schools”, you are out of luck. I offer my course as an “at home” learning experience. You learn at home, to earn at home.

Q. Is this a mechanical system?
A. Yes, and no. Yes, it is mechanical. No, it is not a “system”, it is a method. In my opinion, systems don’t work because the markets always change. Sniper Day Trading will give precise entry points that are highly accurate.

Q. How much money do I need to start?
A. Most brokers require a $5000 starting balance to begin. Amp Futures has a lower minimum opening balance of $ 2,000. That is very tight and offers little room for error, but it can be done if you have excellent discipline and really grasp the method. Following the rules for profitability is a must. Daily loss limit a must and may even have to be tightened to 3 points from 4. That is a daily loss limit of $ 150 dollars for the day. The worst you could do on any one day. So with discipline, focus and the right person, it is possible.

Q. Can I really make an income with a $5k balance?
A. Absolutely! Assuming you can follow the rules! If you can’t, then you will not make it, plain and simple. The choice, decision and outcome are up to you. You will have all that you need to make it. My method works, there is no doubt in my mind. The daily “Turning Points” video’s I do will be an incredible help. If you can build your contract size to just 4 contracts in 4 months time. Increasing your size just one contract per month over 4 months, you will be at a annual monthly income equivalent to making 100K per year, with averaging just 2 points per day. Some days you will hit 3-4 because the market will just give it to you, before you close the trade. That will make up for days you may fall behind. So again, yes it is possible.

Q. Can you recommend a good broker?
A. Yes, Tradestation Securities is the data vendor I use and also the broker, two in one. I have found that these guys are one of the best in the industry and have a very easy trading platform to learn. I recommend them also because it is easier and better to build your screen the way that I have it. We will be using the same platform and format.

Q. How much are commissions?
A. Commission are $2 dollars to buy and $2 dollars to sell per contract. It could be a little more or less depending on the volume you trade.

Q. How long will it take to learn this method?
A. I believe if you read the manual and watch the included videos, you will be underway to learning the Sniper Day Trading method within a week or two. You really need to review the daily trade videos and you really need to trade the simulator first. I will not tell you how long to trade the simulator, because everyone is different. You may need more than two weeks of simulated trading or just a couple days. Any experienced trader will be ready in a few day or so. The method is not hard to understand and apply, most people will grasp it quickly.

Q. What kind of support will I receive from you?
A. My undivided attention! I am not a sales man trying to sell 1000 copies here. I am a real day trader who makes his living from day trading-period. I truly want to see you successful. You will have my private cell number and email address and all the consultation you need.

Q. You mention discipline quite a bit. Why?
A. It’s that important. You need to be disciplined to follow the rules to the letter. That’s why I highly recommend listening to my “Mental Exercise Program” often. As mentioned I will be coming out with future releases of this and make them available to partners at no extra cost to them.

Q. Can I skip trading for a few days and still make money?
A. Absolutely. You will be making money every day you decide to trade! Of course you will not make money when you take a day off.

Q. Can I pay for my course in installments?
A. No. A simple one time payment is required. Please read our CFTC Disclaimer linked from the bottom of my home page. You should be well capitalized to trade futures and should not be trading with money you cannot afford to lose. If you cannot make a one time payment, you may not be ready for trading!

Q. How much can I expect to make in a year?
A. Great question. Personally I consider a $100,000 + a year good income for most people. Following my plan and trading 1 contract to start, and adding 1 contract after every $1500 profit,(every three weeks at 2 points a day) you could be earning well over the above amount a year in a very short time. Trading only up-to 4 contracts at 2 points per day would attain this goal. This is a very conservative approach and one that most should consider especially if you are new to futures trading. Everyone is different. If you do not follow the rules and lack discipline, all bets are off.

Q. Do I have to install your software on my computer?
A. No. I do not sell software! I am selling education materials only. If you don’t have a data package and broker, I really recommend Tradestation. They have it all, they are not perfect, but they have all the software you will need. My custom indicator can be set up on your screen without to much trouble and I can help with that if you need it.

Q. What if I lose my connection while I am in a trade?

A. You need to CALL YOUR BROKER IMMEDIATELY. Personally, I always have a back up computer with a Verizon Internet Card ready to go in case my cable modem goes out. It’s very prudent to have a backup and have your broker’s number on speed dial. I have not had this happen to me, but I am certain it could. I also recommend a battery back-up/surge protector in case the power goes out while you are in a trade.

Q. Will I make money if the market keeps going down?
A. Sniper Day Trading method allows you to profit from up and down markets! Go to the beginners page and read about shorting the market!

Q. Do you offer training after market hours?
A. I do offer an after hours market training to those who need it, but cover a lot of material in the daily video’s I put out after each trading session. This is usually a recap of the trading day and signals generated. I will schedule LIVE TRAINING WEBINARS occasionally as needed to help partners better fully understand some advanced features and how to read price action.

Q. Do you offer a live trading room?

A. Not at this time. I will be considering this in the near future, but not yet.

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Beginner’s Info

Thursday, February 25th, 2010

Before you start trading, it is very important that you know what it is that you are doing and what you are trading. It is similar to trading stocks but at the same time, very different. There is a definition of terms for those who need to know the basic language in the glossary.

We are trading the S&P 500 E-Mini Futures contract. This represents a shadow or a mirror of movement in the S&P 500 cash index. Traders and institutions across the globe buy and sell contracts with each other. For many, it is a hedge against a portfolio they own and sell contracts equal to the value of their portfolio as a form of insurance. Pension funds and large institutions do the same as well as mutual fund managers.

They are buying and selling protection in the form of contracts against the Index. To do this they need a very liquid pool of futures contracts to draw from and that is where the trader comes into the picture. He or she may not want to hedge their portfolio, but may want to speculate on the future direction of the market. Traders are an essential ingredient to offer the liquidity that the institutions need to quickly move into and out of the market.

I once heard a man ask a trader what he does for a living and his answer was, “I am an asset liquidity provider, how about you”. That statement is true. That is what we do.

Each contract traded represents 50 times the current value of the index. Lets say that the Index is 1000, a nice round number. Multiply 1000 x 50 = $ 50,000 and that is the value of one contract. If the index was trading at 1100 the value of the contract would be $ 55,000. You need to put up a deposit for the right to buy and hold a contract. If you hold the position over night, you will need about $ 5,000 deposit. If you close the position at the end of the trading session the margin will go down to about $ 1,250 for one contract.(day trade margin)

At Sniper Day Trading, we trade for a modest daily goal most days, between 2-4 points. The S&P 500 emini futures trades in ticks. There are 4 ticks that make up one point. Each tick is $12.50 and since there is 4 ticks to a point, one point is $50, 4 x $12.50= $50. If our daily goal is capture 2-4 points we are trading for $100-$200 dollars per contract traded. With an opening balance of $5,000 you could conceivably buy or sell 4 contract. So to use the example above, 4 contracts traded x 100 to 200 each contract, you would be making $400-800 per day.

We don’t recommend that traders start trading the maximum, but start at the smallest and work your way up. It is possible, averaging 2 points per day that in 4 weeks you could be trading at 4 contracts and bringing in the kind of money above. You can stay at that level or increase it over time. What ever you feel comfortable with. You may decide to go slower and reach that level in 2 or 3 months and that is OK. The main thing is averaging that 2 points per day over an extended period. It is very possible, people are doing that and more all over the country and you could to.

On the main page we talk a lot about discipline, patients, and focus, all essential things for reaching your goals. But first you need to know how to trade. I offer that in my course and if you decide to become part of the family, I will see to it that you understand my trading method and how to apply it.

When we put on a trade, we teach how to enter at just the right moment as the momentum will carry you higher or lower which ever way to you are trading.

Make Money as prices go up or down

Which brings me to my next point. You can make money in either direction, up or down. Often, prices go down a lot faster that they do going up. The principal works the same. When you put on a trade that is going up, we would call that a LONG TRADE and when you put on a trade that is going down, we call that a SHORT TRADE. We teach how to take these trades in a clear concise way. No gray area.

When we take a Long Trade, we Buy to Open / Sell to Close

When we take a Short Trade, we Sell to Open / Buy to Close

There is always someone on the other side of the trade to take the position, the price is the only thing that changes. If you sold the futures or “Shorted” the market at the S&P price of 1091 and you covered the trade by buying it back at a lower price at 1088, you just made a 3 point profit of $50 X 3 points = $ 150 dollars per contract traded.

Remember that each tick is broken up in quarters and 4 quarters make up 1 point. You can think of it like 4 quarters make a dollar, but in this case, it makes $50, because each tick is worth $12.50.

Commission cost for the transaction varies on the broker but the typical costs is about $2.00 to buy one contract and $2 to sell one contract. The complete transaction is called “round-turn”, buying, then selling.

TIME CHARTS

When building our charts on the screen, we use tick data. Tick data is different than time data. Trading in a one minute bar chart is the smallest increment of time that you can use. When using TICK CHARTS, you can create a much more detailed view of the trading history. It is through this trading history that we are able to draw up our entries in this much more detailed view. It allows us to enter at the exact point, Sniper Style, to hit our mark. Get in, Get out, Get done.

We teach precise entry and exit points using these tick charts and with the ongoing training you will always see the method applied to current data.

Above, is an example of a Candle Stick Chart. These are typical setups for us, as you can see the entries short and then long. The first trade was good for 1 to 2 points and the second good for the same or higher.

I usually follow bar charts that have an open, high, low and close to them, as shown above. Some people like using candle stick charts and that is a matter of preference. Candle charts have a wider body and make it a little easier to see the open, high, low and close, but using tick charts, often we need the screen room to see the complete patterns developing as well as one feature that I use to help visually see the change in direction. Often, this change in direction matches the other components of the method which helps to confirm our entry, LONG or SHORT.

Different Types of Orders

There are three main types of orders used in our style of trading. There are “Market Orders”, “Limit Orders” and “Stop Orders”. I use all three of them at different times for different reasons and explain it all in my course and mentoring program.

A market order, in our style of trading is typically used to close positions that are still open. Others may use them to start a position but we don’t often do that. It better serves us to use this order when we have an open position close to our stop loss and decide it is better to close the position and the protective stop at once. Both done with one click of the mouse at the same time.

A “Limit Order”, is an order to buy or sell at the specific price that we specify. See the example below. There is a blue column, the “Bid Size” and red column, the “Ask Size” This is where I place my orders. By clicking inside the blue column, price 1091.50, I am willing to buy at that price only. When contracts become available from the other side, the red column, my order is filled and I will have gone “Long the S&P emini futures market”. The opposite is true for “Selling Short”. This is an example of buying or selling with a “Limit Order”.

The last order type, “Stop Orders”, are usually used to protect a trader from incurring a greater loss than what he has predetermined ahead of time. For me, it is 1 point or less on all trades I put on. ($50 dollars per contract traded or less). That is the maximum loss and is set automatically at the time I click the order to buy. No need to do anything else. You can set predefined limit order targets and they can go up at the same time as your order entry as well. One click of the mouse and the rest of the entire process is complete. You can even stagger your “Limit Order Targets” if you trade more than one contract, say 1 point and 2 points. If the first one gets hit and filled, your stop loss will automatically adjust itself to only protect now the remaining half of your open position. Nothing else needs to be done, but just the one click order entry, period.

This is a very nice feature for those who may lack discipline in placing their stops and targets when and where they should after they enter the market. You can even use the one click feature just explained and use a “Trailing Stop Loss”. This will automatically move your protective Stop Loss up with say a rising market. You can set a trigger point, say its one point. When you reach that one point level you sell half your first position, every tick the market rises from there, your stop will rise by that much, keeping a 4 tick stop position. If the market had moved up 3 points quickly and came back 1 point, you would automatically sell your remaining position at 2 points, locking in your profit. This is because you preprogrammed it to do just that. This again is a great way to capture more profit in a fast moving market all automatically. The only thing that starts the process is just the one click of the mouse. Done. Very Cool. I, most often do it manually, but that is me. I can show you how to set this upin a blink of an eye and teach you to effectively use this feature.

Different Types Of Trading

There are different types of trading. The three most common, “Day Trading”, “Swing Trading” and “Position Trading”. Day Trading is what we do, because we never hold any position over night and make a few trades inside the daily session. Swing Trading, will carry positions over-night and hold those positions for several days. Position Trading, will hold similar trades but for several weeks or months.

Inside of Day Trading, there are several approaches as well. We look at three main tick charts, separated by small, medium and large time frames. Depending on the traders preference, if he or she has one, we can tailor our program to match your current trading style, or mirror what I am using for my trading. In our first meeting together, I will be able to help you discover what is the best time frame for you to start with. Naturally, I will show you how I set up my charts and fully explain the way that I trade. After that, we can go from there.

Scalp Trading

Scalp Trading, is often misunderstood. There is really no set definition that will clearly define it. It may mean one thing to someone and something else to another. That said, what I most often do is Scalp Trade the S&P 500 futures emini market. You can trade other markets like the Russell, the NASDAQ, or the Dow Jones. Each has an emini futures market that is liquid and very trade-able.

When the trading range is very narrow, scalping 2, 3 or 4 ticks, may be all the market safely gives you, without waiting around hours for a good trade setup. This is how I would define Scalp Trading.

With our base daily goal of 2 points or 8 ticks, you only really need say, 1 trade for 1 point and two trades for 3 ticks and that would also cover commissions and you are done for the day.

The setups are the same in the smallest time frame, as compared to the highest time frame, because the market is “Fractal” in nature. That means the same patterns and setups occur in all time frames across the board, showing a trading symmetry that is often seen in nature, below is an example of that.

With my trading approach, we are able to capture what the market is giving us. If the trading range is expanding and large swings are showing up, we can capture those moves for multiple point returns.

Scalp Trading, gives you the ability to save time in your trading, by getting in getting out and getting done with it and on to other things. I don’t trade all day, like many do. This style of trading offers the “Time Freedom” that many covet. Having the Trading Discipline to walk away after hitting our Day Trading Goal is key in keeping the struggle to a minimum.

Getting what you need from the market, is like shopping for fresh meat and produce at your local supermarket. If you try to stock up on too much, it will go bad and you will lose it all. I find the same true in trading, getting what you need for today is a better approach and produces trading discipline, controls greed and keeps the traders struggle manageable. It is a lot easier to get 2-4 point in a day verses 8-10 points in a day. When you are not able to reach this high trading goal, it will produce frustration and feelings of failure can creep in, derailing all of your efforts.

Controlling Fear and Greed

Many traders just starting out, soon discover that they have almost what seems like uncontrollable trading emotions. They find it difficult to stay focused and maintain control. Often, traders find themselves trading with their minds to focused on the money. That is a sure-fire way to slow your progress and often ruin it entirely.

Most traders have gone through this, but most don’t know how to break the bonds of these powerful emotions, Fear and Greed while Day Trading. The good news is, I do know and is very much apart of the Sniper Trading approach. These are things that I uncover and address to my students and take this part very seriously. Starting out, many are not even aware of these dangers, but that is my job to prepare you for any unforeseen problems that can come between you and your modest daily trading goal each day.

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