Posts Tagged ‘Price Action’

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Large Gap Higher in Today’s Market

Wednesday, February 1st, 2012

Today is the first day of February, 2012 and the market showed that it still has something left in it as we saw a gap higher and follow through during the day. Only late in the session did price come off, but still enough to hold onto most of the days gains with the Dow +83 and the S&P futures +12 on the session.

Today as mentioned we saw a large gap higher. That does tend to change the price action after the open as I have seen so often. The bulk of the gains came in the night session, leaving little left for the regular session traders. This is a good example of being careful on days like today. If you happen to get in early and ride up the move to later in the session, fine, but if you came in looking for price swings on a day like today, you were disappointed.

I was late coming in, which has been typical to when I usually start and had a good first trade short for a quick good scalp. Just after, the trade I would have taken at around 9:15 a.m. West Coast, I had to take a call and missed the trade. I was looking for a continuation trade higher and that is just the way it goes. I would have been done right there as days like today can present problems with tight ranges because of the earlier gap higher.

After that, with the narrow trading range and lack of movement, I began to reach in looking for the next trade. I did not want to trade all day for sure, so I went hunting. This is a mistake as it goes against the method and is not really a good idea. It could have worked out but today it did not. You can see that the next two trade series I was going against the grain in trying to “pick a top”.  Again, that was not a method trade and you can clearly see that in the trade indicators below.

I did manage to come up with a positive session and a modest daily goal, but only as I hit the last trade hard with a heavier position. I could have taken another trade that was below that, but was glad to stop where I did.

Day’s like today can be a little difficult. The best advise is tailor your expectation down and be content with modest gains if you have them. This is not a day to look for big moves. The market was just not giving it up and so adjusting your targets and daily goal to be inline with the day was in order.

Tomorrow is a new day with new reads and a complete new start point. Even though today turned out OK, I really don’t like to see myself going against the grain like I did. It says a few things about me and I do have to dig that up and get at the root, so I don’t see it again any time soon.

This is a good example of why I write my blog and post my trades. If I don’t want to embarrass myself and show what bad trades I made, then all I have to do is make the right choices as per the method and all is well.

OK, I will end this here and post my trades for the day below. Wishing you all the best.

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Scalp Trading the Emini

Tuesday, January 31st, 2012

Today’s Trades are below;

Here in this last day of January 2012, scalp trading the emini markets has grown in overall interest the last several years. There are new players coming into this market all time as the opposite is also true with players leaving in defeat.

What does it take to find your way to profitability? It is usually harder than most believe as they are drawn to the often fast action and allure of financial freedom. Sniper Day Trading will attempt to bring some of this into perspective.

Scalp trading is a way to participate in a very large leveraged market with limited trading risk. With margins as lucrative as 50:1  or more for pure day trading margin, it is easy to see why so many feel the lure of participation. That leverage will work for you and against you just the same if you don’t know what you are doing.  Using excessive day trading margin is also another reason why traders struggle, as they always trade to their margin limits and increase their losses all at the wrong time.

Knowledge is power and those who have it, can leverage the knowledge to obtain their trading goals. Without a working knowledge of how price action takes place in the course of a day, you will get whipped around and be left for dead when its all said and done.

Limiting your trading risk down to a very small window is in my estimation is a big key to success and stretching out gains when it is appropriate is also important. The key here is, when it is appropriate. How are traders to know when that is?  To answer that, it takes us back to knowing how to read the price action charts as you take in time, energy and space as it relates to support and resistance, which is often misunderstood.

Support and resistance in trading is often applied in a way that will cause the average trader to lose on his position because the market has a way to get you in, only to take you out and then on in the original direction, but without you in it. This again has to do with knowing all of this ahead of time and waiting for those false moves for the real move, the one with the limited risk and high reward.

Scalp trading at key energy points will yield you fast acting trading results combined with low risk, giving you the best of both worlds. Knowing when to cover your trade is also just as important as knowing when to enter. You can have large profit in a position only to quickly see it disappear as you are looking for more. That often leads to frustration and more bad entries.

Which brings us to the mental side of trading and that is a whole other issue that keeps traders from gaining traction. You need the trading edge in mind and method. Most do not realize it, but they are the problem, not the market, to achieving the results they seek. The market is there and it will always be there with the participants coming and going, but not having a solid mental strategy in addition to a solid trading strategy or method is where the separation begins.

To many traders become “feeders” for the professional traders and institution as they strip newbies of there capital. The best strategy to not let this happen is take your time and triple the amount of time you think you need before going live in the markets. Get your mental game down and don’t become reactive but proactive in stalking trades as you wait and let them come to you. This is the approach of Sniper Day Trading and reason all of this works. One needs to take into consideration all the points mentioned above and then the playing field can not only be leveled but tilted to your favor, giving you the trading edge.

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Fed Declares Low Rates Till 2014

Wednesday, January 25th, 2012

1-25-12;  Today, the market was moving very slowly until the Fed declares low rates till 2014. Things suddenly picked up and started to move.

It was a good thing as seen by those on the street, but it is likely be very inflationary. With the Fed’s target rate for inflation at 2% it seems unlikely that in the real world that real people will experience a rate that low. It has been said, that illusion is greater than reality and maybe that would apply here. Gold and Silver thought as I did with a huge rally in both of the metals.

In today’s trading I had three trades 2 early on and one much later in the day, as seeing the price action was so right for an addition trade and took one, which was good for about 5 points at the top as I scaled out on the way with a larger position. The days trades in the chart below.

I have two charts up on one screen again today and don’t know how long I will keep doing that, but I still am for now.

Monday I talked about the two charts acting as one chart, and so started to show you what I mean in the last few sessions. I did include the tabs at the bottom of my screen as well. This is the middle view as I have series smaller and one series larger. I don’t show everything on my chart as I do have a few things taken off, but the point is, this trading method is driven by understanding and acting on that understanding of price first and indicators confirming.

Price has three components to it. Time, space, energy. We need to see time pass to allow for the build up of energy and while it is doing both of those, it is passing through space. It has to go somewhere and that is does. It gets expressed in the posting of price bars on the screen. The three components work in line with each other adding the fact that support then becomes resistance when broken. It is looking and understanding these concepts to a definable level where one can then apply these principles to make positive trades.

I don’t really like the term winning trade as that has a flip side with losing trades and the whole thing is equated with a gamble. This is not a gamble if you can steer the odds to your favor by using a trading methodology that will continue to express itself in positive out-coming trades, hows that.

Notice the word ” If “  as that is a big word with a lot of meaning. If you can steer the odds to your favor. How does one do that?  It can be done by understanding the three elements of trading and applying those principals to the charts.

That sounds easier said than done, but that is why we all need to continue to research and uncover the missing pieces. Some have all the time they need to do that, but time is money. It has taken a long time for me to piece all the pieces of the puzzle together and have come up with something that works. I show my trades every day to give those who look on a working understanding that this is possible and it does help me be accountable to myself as I do have an audience.

It is my goal to become a better trader than I currently am. I know my weaknesses and am trying to address them. I would love to get a much better trading schedule established, but I seem to trade when I am up and that always seems to be a different time. I was missing the easy early morning trades and stuck with the slow moving stuff during the mid-day N.Y. lunch. Starting a little earlier like I have been trying this week has helped make it easier on me to pick up my modest daily goal of 2-4 points in the ES each day I trade.

So far this week, I have put on 9 trades in three days and all for gains. I don’t like keeping tabs on this kind of thing, but I just plan to trade well, exercise patients and some form of discipline as it relates to the trading method.

OK, that’s it for now.  Trade well, trade committed, Vince

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Trading Indicators only Reflect Price

Thursday, January 5th, 2012

Today is Thursday January 5th, 2011 and have a video of some of the first trades of the year. I did take a few trades on Tuesday and posted them on my previous blog post, but here we have two days of trading with some of the market turns traded and shown.

It is important to know that the trading indicators I show are only a small reflection of the trading method and do not make up the method itself. The price action is always first and will always be first and is the reason to learn and understand price as it relates to future movement.

We are starting a new trading year and with it are opportunities for those that see them. Every day is a new beginning for traders and that is how it should be looked at. Yesterday may have had trading lessons but the right approach is always moving forward from where you are today. Learn from the past, but do better today is a simple approach but a healthy one.

To many traders get stuck in what they did wrong yesterday and carry it over into what they are doing today. That can be a drag on your outlook and thus results. We all have the ability to “Choose” to make things better, better than it was in the past, but we need to get over the past, as not doing so will result in that mental drag mentioned above.

Choose to make this the best year of your life first, then choose to make this the best trading year of your life. The first one has to come first to allow the second one to become validated.

Taking action that will move you towards your goals is the first step. Think it out on paper, be realistic, and be sure not to get stuck in the dream state. Action is tied to a plan, is the way to start out the year and remember to exercise your mind because that is the “engine” that will take you there. Think about it.

I wish you all the best, Vince

P.S.  A screen shot of today’s trades in case you don’t have time to view the video above. This does not have the large move short I was looking for at the close of yesterday but does include the two nice moves I picked up in today’s session.

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Looking for Market Reversal

Wednesday, December 14th, 2011

Today is December 14th, 2011 as the short term selling continued today, but am looking for a market reversal in tomorrows session.

I could see the S&P futures moving on down to 1197 early on and think that we could see a significant bounce and eventual turn around into next week. This is just my opinion and I will be willing to trade long and or short depending on the days action. This call is mostly for the daily market as I think the selling will start to dry up at the above levels.

In today’s trading I took 3 trades and invested about 30 minutes into my trading before coming up with enough for a modest daily goal. I came into the first trade a touch late but the second attempt was right on.

I put back up the same screen shots as I normally do but did add one other thing into the picture. There are yet more things I build onto the screen and other time frames that are tied directly into each other to make a complete picture, which is not shown. Let me post the days trades and I will continue below.

I recently in a few previous posts, blanked all the indicators off the screen for a reason and that is to make the point that traders really need to trade the price as it moves on there screens. If you only rely on trade indicators you are not really making progress. We need to know why the market moves, not just that is does. Knowing the “why”, is the empowering part that is missing from many traders. If we only react to what we see as trade indicators signal long and short, we can to easily get whipped around the screen and feel out of touch and ultimately out of control. So, the key is learn and understand price. How it moves, how it reverses, when is the likely times for turning points and continuation points and do all of that while risking very little.

Being able to zero in on the low risk spots is so very important. Trading with a 3-5 point stop to make 2 points on a trade is totally out of the question. If you are doing that, you will have problems sooner or later. The key again is risking little for a high probability of making the same at a minimum or preferably 2 to  3 times your risk.

Question; Do you catch yourself saying, “I think the market is going up” but don’t really know why?  If you had to explain your reasons for the market move to go up to someone and or had to write it down, could you. If you can not do that, then you need work. You can not just say, “I think”, you have to know “why” it will and or should go up and have clear compelling reasons.

This kind of thinking takes place all the time and traders are pushed into trades that are far less than desirable. They then have to struggle to justify the position and then do worst damage by blinding themselves to everything that says it is going the other way.

All of this can be eliminated and or reduced a great deal if traders would not take trades solely based on trade indicators. Seeing how and why markets move and positioning themselves in those low risk area’s for gain with limited risk is where you want to be.

Don’t trade just to trade, trade with purpose and a clear understand of price action, the trade indicators could then confirm your decisions and may be a comfort, but don’t let it be a crutch from you learning what you need to know.

Do you want to have fun or make money? Many would say make money, but there action say a very different thing. Think about it. You can do both as long as you strive to make money first in a responsible manner, then that could be fun.

So, the moral of the story is, learn what you need to learn to trade safe and responsibly. What support and resistance is and how you can harness it to your advantage. Easier said than done for many, but having a complete trading method that is spelled out with rules and objectives will take a lot of the pressure off as you will be creating some structure to your approach. It takes time, for some a long time, and for others not as long and still others never get there. Do the hard thing, not the easy thing, that could be your first clue and assignment.

Good trading to all ! Vince

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What is Sniper Day Trading ?

Wednesday, December 14th, 2011

12-13-11; What is Sniper Day Trading?  Day Trading is when you initiate a trade during a single session and you exit all positions before the end of the day. Some of those trades can last last minutes to hours depending on your method or style of trading.

The Sniper part comes in when you are able to zero in on your entries to such a degree that your risk is very limited and reward well worth the risk taken. I minimum risk reward ration is 1:1 and often much better at 2 or 3:1 and higher.

Every trader comes into this with different objectives and it is rarely the same for any two traders. Some try to trade all day and take several trades throughout. Others are more selective and only trade a limited number of times. I have done both over time and find that I enjoy coming to the market when I am ready and look for opportunities that will take me to 2-4 points for the session. I call that “my daily goal”.  There are times that I will trade more and hit 3 or 4 times my daily goal and or higher. I don’t look for those days they just happen, usually about 2-3 times per month. That can make up for days I have a daily stop out, out which is right around 4 S&P points.

My choice for when I start to trade and for how long I trade and for how many points I will trade for, are all personal to me. It is different for everyone and there trading style should be apart of there personal trading plan. This is in addition to there trading method. That covers all the aspects of what a trade setup is and how it can be read. Where the trade is likely to go and how you plan on managing the trade once you get in it. That is all about the trading method.

The trading method is price action driven and that means, we always look to the price first as that is what always leads any trading indicator. The price is first so it only makes sense to learn how to read the price and that is all very possible.

We use more than one time frame and they fit inside each other actually acting as one chart. The first is a zoomed in view of the second which is larger as that brings the view to light in a way that can be exploited when you again know how to read the price.

I do have some charts that I trade with that have no indicators on them at all to keep a clean pure view what I need to see with my eyes apart from indicators. I do also have other screens that do have them up as it should only be a confirmation of what you are doing, but all for its own method reasons apart from any indicators and the influence it might bring. That is a very important point.

There is no substitute for learn how to trade this way. Doing so will empower and enable you to trade any Stock, Commodity, Forex or Index future you choose to.

It is a good practice to wait for the best entries, but I often as mentioned trade when I am ready and take what is available. That may not really be the best for the best results, but I figure I gain my freedom in its exchange. If I were to stalk a big trade move for hours before coming into it, I could make more, but I have to give up my time and have to commit more of my day to the screen. This is just a personal choice and I usually choose not to. I like the fact that I can come into the market for an hour or two, get what I am looking for and leave. That is not always that easy to do for many others as the market does tend to have an addictive element to it and that has to be acknowledged. Failing to accept that fact can lead to over-trading and trading fatigue which will weight down on your overall performance.

Getting impatient can lead you to make mistakes and I make my share of them. I made a bad trade today on entry and exit. Its not the norm but it happens. Fortunately I had three other nice trades, especially my last with increased size.

Every trader needs to have a solid trading method to follow and adhere to. You then need your own personal trading plan to complement your trading method which will encompass many things as mentioned above like trading style including time frames, when you plan to trade, how long you plan to trade and for how much etc.  Not yet mentioned, you need to know how and what you are going to do to feed your mind with the right stuff to keep you balanced, committed, disciplined and patient. This is what Sniper Day Trading focuses on in full and what has helped me in my trading. Again this method is price action driven with clearly defined rules for entry, exit, stop placement, etc. It has a very simple element to it and a much more advanced element to it as well which comes over time.

That’s all for now as I will post my days trades under this. I have taken all indicators off my screen shots as I want to drive this point home to those who may be following. I wish you all the best.

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Stock Market Still Showing Strength

Wednesday, December 7th, 2011

Today is December 7th, 2011 and the stock market is still showing strength. We closed at the highs of the day and that is a good sign. The other day I talked about market rotation and it appears that is going on. Tomorrow could be the day that we will know for sure.

A break above that wall of resistance I wrote about several posts ago seems to have been validated and with the last few sessions I see signs of that breaking to the upside. This again is not popular but I just call it as I see it, of which I could be wrong, so we shall see. If I am wrong I will admit it, there is no shame in being wrong as that is just part of the process.

Weeks ago, I did say the market would reach the 1308 area but we sold off first and made one of the fastest and largest turn around in history. Down 10% in 7 days and back up 10 % in 5 days.

In today’s trading, I did a U-Tube video because I traded a lot longer than I normally do. I hit over three times my average daily goal to put in a nice day. Since it covers a good portion of the day, I just elected to do a video showing the whole session.

As I always like to point out, the indicators are only a reflection of the method. The method is first and the trading indicators come along for the ride to confirm what is already happening and understood with the price action. This is the best way to learn how to trade. You need to know how to build price structure and what that means for the next likely move and targets.

You can’t always swing for the fences, you need to be able to read the price action and let it tell you where prices will go. I took 5 trades today with 4 profitable for small scalps of 1-2 points each and the last one good for 2+ points, 6 points and 9 points at the top. The loss was for 5 ticks or 1.25 points. OK, that’s it for today, the video below if you care to watch. Good Trading to all.

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Market showing signs of Strength

Tuesday, December 6th, 2011

Today is Tuesday December 6th, 2011 and the market is showing signs of strength with three days of not wanting to give up any ground. That could still work for the bulls benefit as market rotation could be taking place. The weak hands have traded there positions to stronger hands and in that way, the market does not want to give up any ground, thus market rotation.

There sure is a lot of news out these days and why I don’t like following it to help me make market decisions. All the news is constantly being inserted into the market on a moment by moment basis, so it pays to follow the market as that is more of a pure play. There can be to many games played as institutional traders try and work the news to draw in participants only baiting them so they can sell it off.

The price action within the day is in my opinion the best way to not get duped. Let me state, that if you don’t know how to read the price, you will still get hung out to dry. It does take time to learn, but it can be learned if you know or have the blue prints. A builder trying to build a structure with no blueprints would be foolish. In the same way attempting to trade with no blueprints, plan, method is also foolish, but traders try it all the time.

You have to admire the initial burst of self confidence, but it is soon most often met with trading  reality that it is not easy. Trading can be simple, but it is rarely easy. That is often a lure for many. It does not look that hard, until you try it for real and see that it is not that easy. I say that to those who don’t have a trading method that works. This is not just a few idea’s of how or what you will do when or as it relates to your favorite indicators, but an actual written plan on how to view, interpret and then trade the market.  If you have a few years, you might be able to come up with one yourself, but otherwise, you will may need to look around.

Not all trading method are created equal, that is for sure. With that said, it should include things that are visual to help you see what is present already on the screen and it should be backed up with a solid consistent trading methodology. The second part is the one most have a problem with as it often does not exist. I feel, a trader needs to know why a trade is going to go up or down, not just that it is. If he knows why, then he can understand the process and know what to do about taking advantage of it the next time he see’s it coming. Without that knowledge, you are left powerless to forces you do not understand and that is not going to help you long term. You will be left twisting in the wind.

So, to recap, having a solid trading methodology to go along with all the tools is imperative. The tools alone will not make a good trader. There is just to many things going on within the market on a daily basis that you will not be able to keep up with it.

Knowledge is Power and those that have the knowledge have the power. I know we have all heard that before and it is in large part, very true. Get the knowledge and see the power.

In today’s trading, I was only able to catch the last few minutes only of today’s market for a few points. I came in late and missed the opportune entry, but it still had a few low risk points left in the move. A screen shot below with an accompanying sister chart.  Good trading to all.

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A Day Traders Destiny

Monday, July 25th, 2011

I did not post on Friday, but will put up my trading results for the session. I took only three trades for several points profit on the S&P and was done in a flash, I think it was about 30 minutes. Today, I woke up on the wrong side of the bed, literally and figuratively. I was up several times last night and did not sleep well, my wife is in the S.F. Bay Area, 340 miles south and all of that effected my trading. I still make my daily goal but it took me the better part of the day. My first few trades were off, and my last trades were close to perfect. It was the first trades I was not happy with. The price action was very good early on, as prices were moving back up towards a large gap opening. The trades below.

Today’s Trades; Monday 7-25-11

Friday’s Trades; 7-22-11

All day traders have the ability to choose there fate while trying to fulfill there dreams. That might make it sound like it is easy to achieve success, but it is not for most. There are obstacles in the way for everyone and they are usually all different for each traders. Some may find a general common theme, but the whole composition of what makes up you, is all very different and that makes for very different results for most.

The hidden obstacles have a lot to do with attitude and what you expect. Many like to think they are expecting success, but deep rooted feelings and emotions of fear fill the traders mind. What ever you expect you are working to create it, even if you are not aware of it. Your subconscious mind knows exactly how you feel, even if you don’t. It knows when you are lying to yourself and when you truly believe in yourself and are without trading fear.

Worry is form of negative exception, so if you find yourself worried about this trade or entry, you are working against yourself and will find yourself doing the wrong thing at the wrong time for reasons you are not even aware of. You are just being consistent with your true beliefs and to expect positive results when you are set up negative ones is totally unrealistic.  Put it another way, worry or fear CREATES what you are worried about. A self fulfilling prophesy.

Given the fact that is true, what are you going to do about it?  You have the ability to do just the opposite of the above if you choose to. You have the power to create and establish the environment you are seeking by rearranging your thoughts which will change your actions. Granted, you do have to know what you are doing in the first place.  If you don’t know that, then you are just guessing on what you think is right, but you don’t know it is right. You can not trade by your feelings, just as I so described above, you can see where that will take you.

Assuming that you know how to trade and what you should do, you have the “Con”. A line from the movie, “Crimson Tide”. You have control of the submarine and it is under your command. You tell it to turn, rise to surface level, or dive-dive to escape danger.

So, do you see the importance of all of this. Instead of fighting your worries, push forward with positive expectations that you create and believe. It has to based on something and can’t just be wishful thinking, but I mentioned, once you know what to do, “You Can Do It”.  Ask yourself, what is the worst thing that can happen to me on this trade.  Then, if you can live with that and accept it, without worry or fear, then proceed. If you can’t based on the current conditions, then you wait, plain and simple. You will need discipline to do that, so start exercising your will in your every day life. This will get your “Will” in shape. Just like you go to the gym to exercise your body, you can exercise your will everyday, when you live with purpose.

Don’t just do things for the sake of doing them and accept unknown results, only left to chance; Live your life with purpose, making decisions with purpose, speaking with purpose and not speaking when you shouldn’t. All decisions that you make with a specific goal in mind. That is how you can exercise your level of discipline in everyday live which will get transferred over to your trading life.

Don’t think that you can separate the two, because you can’t and your subconscious mind will know that is not the real you and will revert back to the dominant trait or real you. If you want things to change, you have to be determined to change them and that is change with purpose.

I will end it here for now, but so much more to say, stay tuned as I try and continue with this is the days ahead.

Trade well, trade committed !

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The Committed Day Trader !

Thursday, July 21st, 2011

Today, July 23rd we saw a strong market from the open once again, +22 on the S&P and +150 on the Dow. With the August 2nd budget deadline fast approaching, for some reason I see things shaping up for a surprise. There is a good chance that we will break out to new highs as this market is flirting with such.

Currently the market is sitting in front of some strong resistance, but that could easily be overcome if the news of a deal on the budget is struck. In fact, there was talk of that today and the market took off. Then it was neutralized with statements of dismissal, so the truth is not yet known. Don’t be surprised to see the market move to new highs in the days to come. Leave that possibility open, you don’t want to be surprised. Like walking across the street, you always look both ways and that is good advise here with this market.

Let me post my trades for today with other signals as marked. There were 4 series of trades all with net gains. One add on trade was a loss of 2 ticks but only on 1 add on contract.

My method is very solidly based on price action, but that action is consistent with some modified indicators I have shown. These will most often confirm or deny my entries but again based on my method interpretation of price action. This is all very sound and it works. So today’s trades below.

I again missed the early rallies, so I was left with taking small scalp trades or waiting until the afternoon session and I did not want to do that. Just a little more than an hour of trading today with another solid daily goal in hand.

A trader can trade like he is right or wrong. If you trade like you are right, you will hold out for the high of any given move. If you trade like you are or could be wrong, you can scale out along the way locking some profit and taking your risk down little by little.

The first way is an aggressive style and the second is a conservative approach. You can change up those approaches as conditions change. It can be the previous price action that reveals the markets hand to you, or you can just elect to play it safe and bag your profits little by little.

Either way, market timing is very critical and can only come to those who know how time, energy and space all work together to produce those moves.

In the chart above and like the hundreds of previous charts shown, some indicator signals are stronger than others and some I would pass on all together. With that said, the way I set up my charts to project and reflect a completely separate trading market philosophy is amazing, as the two still reflect the price action driven part of the method, very cool.

Again, it is in the timing, but understanding that timing, so you are not reacting to the indicators but the price and the likely path of price based on what I mentioned above, time, energy and space.

The market moves into each of those dimensions as things come together to produce a trade. If larger time frames are used, larger rewards are had but the risk are also increased, still proportionate to good risk reward ratio’s. The market is fractal in nature and the reason why you will see the same types of proportionate moves in different segments of time. That is another reason why you can adjust this method to the trader and get the same results. Even if a position trader holding overnight, the components are still all the same as time frames are increased.

Day trading for an hour or so a day is really all I want to invest, because I want to reclaim time and leverage that into things that are meaningful and important to me.

When you can harness this skill, you have the ability to open doors and close others, a very empowering experience.

Don’t let go of your dream as there are so many forces out there to tear them down away from you.

Getting your life in balance is your first objective, because you can not hold onto to lasting success unless you are grounded in mind and body. Knowing who you are as a trader and why you do what you do is essential. Being physically fit with good health getting the rest you need to be and stay alert is also key. Keeping your finances in a healthy shape so they don’t overly crowd your trading with fear of loss is yet another.

This is all apart of getting and keeping your life in balance and very much overlooked. So, do an inventory and adjust to bring yourself into alignment, so you will have every advantage as you make your mark on Wall Street.

Hold on to your trading dreams and take the necessary action to ensure that you do.

Trade Well, Trade Committed !

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