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	<title> &#187; Sniper Day Trading</title>
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		<title>Creating your Trading Plan</title>
		<link>http://sniperdaytrading.com/2012/02/creating-your-trading-plan/</link>
		<comments>http://sniperdaytrading.com/2012/02/creating-your-trading-plan/#comments</comments>
		<pubDate>Sat, 11 Feb 2012 03:34:21 +0000</pubDate>
		<dc:creator>sniperdaytrading</dc:creator>
				<category><![CDATA[Trader Coaching]]></category>
		<category><![CDATA[risk reward ratio]]></category>
		<category><![CDATA[Sniper Day Trading]]></category>
		<category><![CDATA[trading edge]]></category>
		<category><![CDATA[trading method]]></category>
		<category><![CDATA[trading plan]]></category>

		<guid isPermaLink="false">http://sniperdaytrading.com/?p=3926</guid>
		<description><![CDATA[Today is Friday February 12, 2012 where the market had a very large opening gap to the downside. We later stabalized and mounted a couple of rallies, to get some of the losses back.
The daily market is still in an uptrend and it would appear that we could see slightly higher prices or at least [...]


Related posts:<ol><li><a href='http://sniperdaytrading.com/2011/12/what-is-sniper-day-trading-2/' rel='bookmark' title='Permanent Link: What is Sniper Day Trading ?'>What is Sniper Day Trading ?</a></li>
<li><a href='http://sniperdaytrading.com/2010/03/trading-with-business-plan/' rel='bookmark' title='Permanent Link: Trading With A Business Plan'>Trading With A Business Plan</a></li>
<li><a href='http://sniperdaytrading.com/2011/06/e-mini-nasdaq-trading/' rel='bookmark' title='Permanent Link: E-Mini Nasdaq Trading'>E-Mini Nasdaq Trading</a></li>
</ol>]]></description>
			<content:encoded><![CDATA[<p>Today is Friday February 12, 2012 where the market had a very large opening gap to the downside. We later stabalized and mounted a couple of rallies, to get some of the losses back.</p>
<p>The daily market is still in an uptrend and it would appear that we could see slightly higher prices or at least not any lower prices than today&#8217;s low as per the S&amp;P emini futures.</p>
<p>In today&#8217;s trading I did well at roughly 2 to 3 times my daily goal. A couple of trades I came in early, but did see clearly what was coming, a strong benefit from being able to read the price action.  If one waits for that trading edge, you have very little to worry about as you will be looking at green right after entry, which is always a good feeling. Let me post my trades from today below, before I carry on to much further.</p>
<p><a rel="attachment wp-att-3927" href="http://sniperdaytrading.com/2012/02/creating-your-trading-plan/2012-02-10_todays_trades/"><img class="aligncenter size-large wp-image-3927" title="2012-02-10_Todays_Trades" src="http://sniperdaytrading.com/wp-content/uploads/2012/02/2012-02-10_Todays_Trades-1024x530.png" alt="" width="450" height="232" /></a></p>
<p><em><strong> </strong></em><span style="text-decoration: underline;"><em><strong>Acting on &#8220;The Trading Edge&#8221; </strong></em></span></p>
<p>Day trading is a great way to make a living. You have the free time after you have your points for the day to go and enjoy other things life may have for you. There is more to life than trading, but I don&#8217;t want to try and convince anyone about that. We are all different and have different dreams and goals.</p>
<p>To make the dream become a reality, every trader needs to have a &#8220;trading edge&#8221;. Without it, you will be left with guessing and that is no way to move into this venture. It then becomes more like a gamble and the odds are really then no better. It is possible to come out on top most trading days, but you really need that personal trading plan that is combined with a solid trading method. If you don&#8217;t have both, you are leaving it up chance.</p>
<p><em><strong><span style="text-decoration: underline;"> Creating your Trading Plan</span></strong></em></p>
<p>A <span style="text-decoration: underline;">personal trading plan</span> is important and is I believe different than your trading method. That plan, is all about you. It is tailored to your goals, your time invested, your objectives in point totals as they relate to time invested in the markets. These are all separate from the trading method you trade. Many may not have thought about it that way and that is why I mention it today, for your benefit.</p>
<p>Every trading method is unique to the one using it. I know that my method, &#8220;Sniper Day Trading&#8221; is no different. I trade differently than many of my members, but that does not make one better than the other. I like to scale out of trades and don&#8217;t mind getting out a little early on some, to make it a little easier to stay in for more.</p>
<p>That is different, in that there are those who like to go, &#8220;all in&#8221;,  &#8220;all out&#8221; and that is OK. Thus, my point for having a personal trading plan as it relates to the time you have to sit in front of the screen each day.</p>
<p>If you really want to take fewer trades, but want a higher risk to reward ratios, then you will have to exercise your patients and wait and wait. If you can do that with no problem, that is great. Many times traders can do better by taking fewer trades but for bigger returns. If you can sit through the down time, then a different plan may be better for you. That is why this part is tailored to you and your trading strengths.</p>
<p>There is a lot of controversy over good risk reward ratio&#8217;s, but the one that counts is the one that you can do consistently and be profitable with. I don&#8217;t think it is a good idea to trade for anything less than a 1:1 trade ratio, which just means that your risk is equal to your reward on any given trade. It does not have to be a totally hard rule, but it should make up the bulk of your trades as such, or better.</p>
<p>In the Sniper Day Trading method, I do have that trade ratio present or better. I will risk 1 point for 1 point at times, and that is fine, because I know if it is good method setup, I will hit it most often. Two of those and that could be a conservative daily goal for some.</p>
<p>Being able to read the market in a pure price action way, is really where you will find that &#8220;trading edge&#8221;. Getting good at it will instill confidence and give you the courage to put the trade on without fear. If you do experience trading fear, before you pull the trigger, you need to settle down and practice a bit longer.</p>
<p>Trading from a position of fear will take your edge away and you will be reactionary at best. It only gets worst from there, when you have highly charged emotions in the game. Separate yourself from the money and focus on doing the right thing. Don&#8217;t worry about the results. Try and shorten your targets to help instill that winning frame of mind and don&#8217;t worry if the move goes higher from there.</p>
<p>Be sure you have a daily stop point, if you are not trading well. Never let a modest days loss become a wipe out. You are the one that has control over that and it will keep you alive for another day when more favorable market conditions are present.</p>
<p>Day Trading is very personal to each participant. It can be one of the hardest things you have ever done, but you can choose to make it easier on yourself by getting educated, put time on your side to practice and instill confidence and create your personal trading plan that will put over the top.  I hope this advise will help some on their journey.</p>
<p>Trade well, trade committed!  Vince</p>


<p>Related posts:<ol><li><a href='http://sniperdaytrading.com/2011/12/what-is-sniper-day-trading-2/' rel='bookmark' title='Permanent Link: What is Sniper Day Trading ?'>What is Sniper Day Trading ?</a></li>
<li><a href='http://sniperdaytrading.com/2010/03/trading-with-business-plan/' rel='bookmark' title='Permanent Link: Trading With A Business Plan'>Trading With A Business Plan</a></li>
<li><a href='http://sniperdaytrading.com/2011/06/e-mini-nasdaq-trading/' rel='bookmark' title='Permanent Link: E-Mini Nasdaq Trading'>E-Mini Nasdaq Trading</a></li>
</ol></p>]]></content:encoded>
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		<title>Scalp Trading the Emini</title>
		<link>http://sniperdaytrading.com/2012/01/scalp-trading-the-emini/</link>
		<comments>http://sniperdaytrading.com/2012/01/scalp-trading-the-emini/#comments</comments>
		<pubDate>Wed, 01 Feb 2012 02:27:59 +0000</pubDate>
		<dc:creator>sniperdaytrading</dc:creator>
				<category><![CDATA[Scalp Trading]]></category>
		<category><![CDATA[day trading margin]]></category>
		<category><![CDATA[limited trading risk]]></category>
		<category><![CDATA[Price Action]]></category>
		<category><![CDATA[scalp trading the emini]]></category>
		<category><![CDATA[Sniper Day Trading]]></category>
		<category><![CDATA[Support and Resistance]]></category>
		<category><![CDATA[trading edge]]></category>

		<guid isPermaLink="false">http://sniperdaytrading.com/?p=3893</guid>
		<description><![CDATA[Today&#8217;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? [...]


Related posts:<ol><li><a href='http://sniperdaytrading.com/2011/07/scalp-trade-the-sp-eminis/' rel='bookmark' title='Permanent Link: Scalp Trade the S&#038;P Emini&#8217;s'>Scalp Trade the S&#038;P Emini&#8217;s</a></li>
<li><a href='http://sniperdaytrading.com/2011/04/profiting-from-scalp-trading/' rel='bookmark' title='Permanent Link: Profiting from Scalp Trading'>Profiting from Scalp Trading</a></li>
<li><a href='http://sniperdaytrading.com/2010/06/scalp-traded-the-nasdaq-eminis-today/' rel='bookmark' title='Permanent Link: Scalp Traded The NASDAQ Emini&#8217;s Today'>Scalp Traded The NASDAQ Emini&#8217;s Today</a></li>
</ol>]]></description>
			<content:encoded><![CDATA[<p>Today&#8217;s Trades are below;</p>
<p><a rel="attachment wp-att-3899" href="http://sniperdaytrading.com/2012/01/scalp-trading-the-emini/2012-01-31_todays_trades-2/"><img class="aligncenter size-large wp-image-3899" title="2012-01-31_TODAY'S_TRADES" src="http://sniperdaytrading.com/wp-content/uploads/2012/01/2012-01-31_TODAYS_TRADES1-1023x563.png" alt="" width="450" height="247" /></a></p>
<p>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.</p>
<p>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. <span style="text-decoration: underline;">Sniper Day Trading</span> will attempt to bring some of this into perspective.</p>
<p>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<span style="text-decoration: underline;"> day trading margin</span>, 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&#8217;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.</p>
<p>Knowledge is power and those who have it, can leverage the knowledge to obtain their trading goals. Without a working knowledge of how <span style="text-decoration: underline;">price action</span> takes place in the course of a day, you will get whipped around and be left for dead when its all said and done.</p>
<p>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 <span style="text-decoration: underline;">price action </span>charts as you take in time, energy and space as it relates to support and resistance, which is often misunderstood.</p>
<p><span style="text-decoration: underline;">Support and resistance</span> 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.</p>
<p><span style="text-decoration: underline;">Scalp trading at key energy points</span> 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.</p>
<p>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 <span style="text-decoration: underline;">trading edge</span> 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.</p>
<p>To many traders become &#8220;feeders&#8221; 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&#8217;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.</p>


<p>Related posts:<ol><li><a href='http://sniperdaytrading.com/2011/07/scalp-trade-the-sp-eminis/' rel='bookmark' title='Permanent Link: Scalp Trade the S&#038;P Emini&#8217;s'>Scalp Trade the S&#038;P Emini&#8217;s</a></li>
<li><a href='http://sniperdaytrading.com/2011/04/profiting-from-scalp-trading/' rel='bookmark' title='Permanent Link: Profiting from Scalp Trading'>Profiting from Scalp Trading</a></li>
<li><a href='http://sniperdaytrading.com/2010/06/scalp-traded-the-nasdaq-eminis-today/' rel='bookmark' title='Permanent Link: Scalp Traded The NASDAQ Emini&#8217;s Today'>Scalp Traded The NASDAQ Emini&#8217;s Today</a></li>
</ol></p>]]></content:encoded>
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		<title>Timing your Scalp Trade Entries</title>
		<link>http://sniperdaytrading.com/2011/01/timing-your-scalp-trade-entries/</link>
		<comments>http://sniperdaytrading.com/2011/01/timing-your-scalp-trade-entries/#comments</comments>
		<pubDate>Wed, 26 Jan 2011 00:48:27 +0000</pubDate>
		<dc:creator>sniperdaytrading</dc:creator>
				<category><![CDATA[Scalp Trading]]></category>
		<category><![CDATA[Emini]]></category>
		<category><![CDATA[Sniper Day Trading]]></category>
		<category><![CDATA[timing scalp trade entries]]></category>
		<category><![CDATA[trade risk]]></category>
		<category><![CDATA[trade timing]]></category>
		<category><![CDATA[trade to target]]></category>
		<category><![CDATA[trading personality]]></category>

		<guid isPermaLink="false">http://sniperdaytrading.com/?p=2899</guid>
		<description><![CDATA[1-25-11;
Timing your scalp trade entries is the key to keeping your risk low while moving towards your target and goal. That sounds reasonable, acceptable, and the thing to do, but most traders have a real hard time doing this. The reason, they just do not know that the market has a built in language to [...]


Related posts:<ol><li><a href='http://sniperdaytrading.com/2011/02/timing-your-scalp-trade-entries-2/' rel='bookmark' title='Permanent Link: Timing your Scalp Trade Entries'>Timing your Scalp Trade Entries</a></li>
<li><a href='http://sniperdaytrading.com/2011/07/scalp-trading-market-timing/' rel='bookmark' title='Permanent Link: Scalp Trading &#038; Market Timing'>Scalp Trading &#038; Market Timing</a></li>
<li><a href='http://sniperdaytrading.com/2010/03/scalp-trading-your-way-to-success/' rel='bookmark' title='Permanent Link: Scalp Trading &#8211; A Different Way to Trade !'>Scalp Trading &#8211; A Different Way to Trade !</a></li>
</ol>]]></description>
			<content:encoded><![CDATA[<p>1-25-11;</p>
<p>Timing your scalp trade entries is the key to keeping your risk low while moving towards your target and goal. That sounds reasonable, acceptable, and the thing to do, but most traders have a real hard time doing this. The reason, they just do not know that the market has a built in language to it, that tells traders ahead of time where it wants to go.</p>
<p>How would you feel if on your next trade, the market only moved against you by one tick?  What if you could do that again and again. You would be doing pretty good. How about when you do take a loss, it is only then for two ticks with only on occasion 3 or 4 ? (ticks)  Now, some would say, that would be a dream come true, but impossible to do. It is only impossible by those who think it, with their limiting beliefs. If you don&#8217;t think something is possible, then for you it will never be possible.</p>
<p>Our subconscious minds will never allow us to attain something that we first do not believe ourselves. Read that line again, as it is a very big reason why many traders struggle. So, first thing. Tell yourself that <span style="text-decoration: underline;">this is possible</span> and I will become a successful trader.</p>
<p>Next, you need to take the steps to help yourself get to the level you want to be at. It is not going to happen by itself. The same way learning a foreign language is just not going to jump into your mind on its own. You will have to do something about it.</p>
<p>Back to timing your scalp trades entries.   Every day, the market presents itself with opportunities. Those trading opportunities are present on multiple time frames across the board. Typically, the higher the time frame, the greater the risk associated with the trade. Finding the right balance that is tied to your trading personality is very important.</p>
<p>If your trading objective is to just pick up a few Emini points per session, than you need excellent trade timing. This can also be done while trading stocks and is no different in any way. Having a reasonable daily target, goal or objective, you can not allow the price  to move against you very much. If you find that is the case, your entries need work. You likely need to improve on finding &#8220;The Hole&#8221;, the trading hole. This is the area a trade has the least amount of trade risk associated with it.</p>
<p>A trader may be able to pick the bottoms and tops, catch a few now and then and see his trade selection move in his direction and make more on the move with this approach.  That is not &#8220;Sniper Day Trading&#8221;, as you will most certainly have to give the trade much more room to breath in order to account for this type of trading. You will see more stop outs and you will be trading against the momentum at that moment in time. I know some traders do this and it may work for them, but it leaves to much risk open for other traders to run the stops and take you out at your threshold only to then see the move go in your favor, but without you.</p>
<p>Their is another way, by leaving some of the trade on the table upon entry, but at times have the ability to sell into strength or cover into weakness, towards trade to targets. Here, with my method, you will at times see clear area&#8217;s that you may want to wait for. They could pay off big if you catch a couple of them.</p>
<p>If we take the &#8220;easy and obvious trades&#8221; we will not be putting ourselves at risk, but what is easy and obvious?  You just need to know how this game works. I don&#8217;t want to talk in riddles, but their is so much trade structure that happens every day I can not begin to tell you. Actually I can&#8217;t tell you, because I would be revealing my method. I have never seen anyone trade and put the market structure up on the screen as I do. I am not the only one in the world I am sure who trades the way I do, that would be a bit presumptuous on my part.</p>
<p>By and large, those to take my training see things they never saw or even knew existed, in the charts. The price tells all and the indicators can confirm. On most every trade, I always see it building first and getting into position. One thing I can say, the market is like a power plant, building up energy only to later be released. Knowing how to spot the energy and its likely path of release, will give you the edge to prepare and then take action when it all comes together.</p>
<p>Going back to an earlier statement that can help those struggling, &#8220;your believes about your ability to trade successfully and about money will determine your outcome&#8221;.  Traders need confidence and the only way to get it is do the right thing at the right time and you get rewarded. The opposite is true. Learn how to trade the price, learn how to limit your losses, learn how to enter with little or no draw down, learn to be patient, learn to be disciplined and you will build confidence and your trading account. It is possible, learn.</p>
<p>&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;</p>
<p><object classid="clsid:d27cdb6e-ae6d-11cf-96b8-444553540000" width="425" height="350" codebase="http://download.macromedia.com/pub/shockwave/cabs/flash/swflash.cab#version=6,0,40,0"><param name="src" value="http://www.youtube.com/v/s2lTddlZ_6M" /><embed type="application/x-shockwave-flash" width="425" height="350" src="http://www.youtube.com/v/s2lTddlZ_6M"></embed></object></p>
<p>In my trading today, I took 8 trades and had only one loss for 2 ticks. I played it very conservative with the following trades of / Flat / +9 ticks &amp; +4 ticks / +4 ticks &amp; +6 ticks / +2 ticks  / +4 ticks &amp; flat / -2 ticks on smaller size / +3 ticks &amp; +4 ticks / +4 ticks , +5 ticks , +9 ticks /</p>
<p>I could have traded for extended runs today, on a few trades, I certainly did have the room in the market for it, but just controlled myself for the smaller scalp trades. I thought to do a video today since the price swings were a lot better.</p>


<p>Related posts:<ol><li><a href='http://sniperdaytrading.com/2011/02/timing-your-scalp-trade-entries-2/' rel='bookmark' title='Permanent Link: Timing your Scalp Trade Entries'>Timing your Scalp Trade Entries</a></li>
<li><a href='http://sniperdaytrading.com/2011/07/scalp-trading-market-timing/' rel='bookmark' title='Permanent Link: Scalp Trading &#038; Market Timing'>Scalp Trading &#038; Market Timing</a></li>
<li><a href='http://sniperdaytrading.com/2010/03/scalp-trading-your-way-to-success/' rel='bookmark' title='Permanent Link: Scalp Trading &#8211; A Different Way to Trade !'>Scalp Trading &#8211; A Different Way to Trade !</a></li>
</ol></p>]]></content:encoded>
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		<dc:creator>johntarantino1</dc:creator>
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		<description><![CDATA[If you have 60 to 90 minutes a day, a computer, risk capital, the Internet, mental discipline and &#8220;Sniper Day Trading&#8221;, 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 [...]


Related posts:<ol><li><a href='http://sniperdaytrading.com/2009/02/training-series-first-in-a-nine-part-series/' rel='bookmark' title='Permanent Link: Training series / First in a nine part series'>Training series / First in a nine part series</a></li>
<li><a href='http://sniperdaytrading.com/2009/11/live-sp-futures-trading-videos-today/' rel='bookmark' title='Permanent Link: Live S&#038;P Futures Trading Video&#8217;s Today'>Live S&#038;P Futures Trading Video&#8217;s Today</a></li>
<li><a href='http://sniperdaytrading.com/2009/03/technical-analysis-for-todays-sp-500-e-mini/' rel='bookmark' title='Permanent Link: Technical  Analysis for Today&#8217;s S&#038;P 500 E-Mini'>Technical  Analysis for Today&#8217;s S&#038;P 500 E-Mini</a></li>
</ol>]]></description>
			<content:encoded><![CDATA[<p>If you have 60 to 90 minutes a day, a computer, risk capital, the Internet, mental discipline and &#8220;Sniper Day Trading&#8221;, I believe you may have what it takes to attain financial and time freedom by Day Trading the E-Mini Futures.</p>
<h3>Emini Course and Mentoring Program</h3>
<p>In my Emini Trading Course, I show you how to utilize a &#8220;Sniper Trading&#8221; 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.</p>
<p>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 &#8220;Sniper&#8221; shots on your trading screen and are clearly defined by using the custom tools I have created.</p>
<p>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 &#8220;Sniper Day Trading Method&#8221;. 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.</p>
<h3>Sniper Day Trading Method</h3>
<p>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 &#8220;Scalp Trading Method&#8221;, (T-1 Trade) that is very accurate in picking up 2,3 or 4 ticks on the S&amp;P. My stops are such, that this approach averages a one to one risk/reward ratio, but enjoys a very high percentage &#8220;Win/Loss&#8221; ratio. This is bread and butter for me.<br />
The second style enjoys the benefit of my &#8220;Precision Turning Points&#8221; 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.</p>
<p>The last, is a &#8220;Pyramid Trading Method&#8221;, 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&amp;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.</p>
<p>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.<br />
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.</p>
<p><img src="/images/trades.jpg" alt="" /></p>
<p><img src="/images/trades2.PNG" alt="" /></p>
<p><span style="color: navy;"><strong>Mental Discipline and Trading Psychology.</strong></span> 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.<br />
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.</p>
<h3>Mental Exercises</h3>
<p>In my program I address some of these issues in a series of &#8220;Mental Training Exercises&#8221; 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 &amp; Success.</p>
<p>These I believe are very powerful and are in, &#8220;the first person&#8221; 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.</p>
<h3>Solutions for traders, Sniper Day Trading</h3>
<p>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.</p>
<p>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.<br />
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&#8217;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.</p>
<p>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 &#8220;YOU&#8221;.</p>
<h3>Price Action Day Trading</h3>
<p>&#8220;Price Action Day Trading&#8221;, 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, &#8220;good price structure&#8221; 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&#8217;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.</p>
<p>Below is a typical trading day where you will see the trading, &#8220;Turning Point&#8221;. 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.</p>
<p><object classid="clsid:d27cdb6e-ae6d-11cf-96b8-444553540000" width="425" height="344" codebase="http://download.macromedia.com/pub/shockwave/cabs/flash/swflash.cab#version=6,0,40,0"><param name="allowFullScreen" value="true" /><param name="allowscriptaccess" value="always" /><param name="src" value="http://www.youtube.com/v/Go3y7pSIvtI&amp;hl=en_US&amp;fs=1&amp;" /><param name="allowfullscreen" value="true" /><embed type="application/x-shockwave-flash" width="425" height="344" src="http://www.youtube.com/v/Go3y7pSIvtI&amp;hl=en_US&amp;fs=1&amp;" allowscriptaccess="always" allowfullscreen="true"></embed></object></p>
<h3>What You Get With Sniper Day Trading</h3>
<ul>
<li>My E-Mini Trading Manual (hard copy 80 full pages) with future updates. (very nicely done)</li>
<li>Complete DVD video training package in very nice hard cover locking case / extra: will include method applied to stock trading.</li>
<li>Method explained throughout the week, with full screen video and audio illustration in both the T-1 and T-2 screens, &#8220;Turning Points&#8221;. Very powerful part of ongoing training. (This service will be included ongoing all at no extra charge)</li>
<li>All custom chart settings to build your trading platform and help by me if needed to set it up.</li>
<li>All of my custom and modified indicators I created, that will unmistakably identify my &#8220;TURNING POINTS&#8221; for the T-1 and T-2 trades, when applied to the method.</li>
<li>Method checklist work-sheet ( for examining trades against method).</li>
<li>Laminated 8&#215;11 &#8220;Method Overview&#8221;, to pin up over trading screen. Laminated 8&#215;11 &#8220;Mental Exercise Overview&#8221; pin up over screen.</li>
<li>Mental Training Exercises: eight titles &#8211; audio CD and in written form. On-going future title releases no extra charge.</li>
<li>Leather bound &#8220;Trading Journal&#8221;, to help you keep your thoughts, progress, questions and answers.</li>
<li>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&#8217;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.</li>
</ul>
<p>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.</p>
<p>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?</p>
<p><a href="order-now.html"><strong>ORDER HERE</strong></a></p>
<div style="border: 1px solid #000; background: #EAEAEA; padding: 15px;">
<h3>Important Notice &#8211; Risk Disclaimer:</h3>
<p>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&#8217;t trade with money you can&#8217;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.</p>
<h3>Daytrading Involves High Risks and You Can Lose A Lot of Money.</h3>
<p>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.</p>
<h3>Additional Cautions</h3>
<p>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) &#8211; 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: <a href="http://www.sec.gov">www.sec.gov</a></p>
</div>


<p>Related posts:<ol><li><a href='http://sniperdaytrading.com/2009/02/training-series-first-in-a-nine-part-series/' rel='bookmark' title='Permanent Link: Training series / First in a nine part series'>Training series / First in a nine part series</a></li>
<li><a href='http://sniperdaytrading.com/2009/11/live-sp-futures-trading-videos-today/' rel='bookmark' title='Permanent Link: Live S&#038;P Futures Trading Video&#8217;s Today'>Live S&#038;P Futures Trading Video&#8217;s Today</a></li>
<li><a href='http://sniperdaytrading.com/2009/03/technical-analysis-for-todays-sp-500-e-mini/' rel='bookmark' title='Permanent Link: Technical  Analysis for Today&#8217;s S&#038;P 500 E-Mini'>Technical  Analysis for Today&#8217;s S&#038;P 500 E-Mini</a></li>
</ol></p>]]></content:encoded>
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		<pubDate>Fri, 26 Feb 2010 06:35:25 +0000</pubDate>
		<dc:creator>johntarantino1</dc:creator>
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		<description><![CDATA[How Much Does the Sniper Day Trading Course and Mentoring Program Cost? 

The cost of my Day Trading and Mentoring Program is only $1495. That is a bargain if you think about the life skills you will be getting. This is a lot less than so many others who do not even begin to offer [...]


Related posts:<ol><li><a href='http://sniperdaytrading.com/2011/04/gold-silver-hit-31-year-highs/' rel='bookmark' title='Permanent Link: Gold &#038; Silver Hit 31 Year Highs'>Gold &#038; Silver Hit 31 Year Highs</a></li>
<li><a href='http://sniperdaytrading.com/2009/11/live-sp-futures-trading-videos-today/' rel='bookmark' title='Permanent Link: Live S&#038;P Futures Trading Video&#8217;s Today'>Live S&#038;P Futures Trading Video&#8217;s Today</a></li>
<li><a href='http://sniperdaytrading.com/2009/02/training-series-first-in-a-nine-part-series/' rel='bookmark' title='Permanent Link: Training series / First in a nine part series'>Training series / First in a nine part series</a></li>
</ol>]]></description>
			<content:encoded><![CDATA[<h3>How Much Does the Sniper Day Trading Course and Mentoring Program Cost? </h3>
<p></p>
<p>The cost of my Day Trading and Mentoring Program is only $1495. That is a bargain if you think about the life skills you will be getting. This is a lot less than so many others who do not even begin to offer what is included below.</p>
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<p>I teach because I love the business and it makes me a better trader. Clearly defining my Trading Method and teaching it, is more like a joy than a job. That said, I do value my time and being fairly compensated for it, as well as the many years of market experience and insight is worth something, to me and others.</p>
<p>Success, is largely dependent on each individuals ability to stay focused and exercise discipline . If you can, you will succeed, because what I offer works, that there is no doubt. It will always work in the future as well, because it is based on price action trading, something the market does every trading day.</p>
<p>Take the first step in turning things around, I have the time to pour my knowledge into a few aspiring teachable traders, will you be one of them?</p>
<blockquote><p>In business you get what you want by giving other people what they want. Business is as much a process of giving as it is of getting. </p></blockquote>
<p><br/></p>
<h3>What You Get With Sniper Day Trading</h3>
<p><br/></p>
<ul>
<li>My E-Mini Trading Manual (hard copy 80 full pages) with future updates. (very nicely done)</li>
<li>Complete DVD video training package in very nice hard cover locking case / extra: will include method applied to stock trading</li>
<li>Method explained throughout the week, with full screen video&#8217;s &#038; audio illustration in both the T-1 and T-2 screens, &#8220;turning points&#8221;.  Very powerful part of ongoing training. (This service will be included ongoing all at no extra charge)</li>
<li>All custom chart settings to build your trading platform and help by me if needed to set it up.</li>
<li>All of my custom and modified indicators I created, that will unmistakably identify my &#8220;TURNING POINTS&#8221; for the T-1 and T-2 trades, when applied to the method.</li>
<li>Method checklist work-sheet ( for examining trades against method).</li>
<li>Laminated 8&#215;11 &#8220;Method Overview&#8221;, to pin up over trading screen. Laminated 8&#215;11 &#8220;Mental Exercise Overview&#8221; pin up over screen. </li>
<li>Mental Training Exercises: eight titles &#8211; audio CD and in written form. On-going future title releases no extra charge.</li>
<li>Leather bound &#8220;Trading Journal&#8221;, to help you keep your thoughts, progress, questions and answers.</li>
<li>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&#8217;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.</li>
<li>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. </li>
</ul>
<p align="left">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?<br />
<br/><br />
<a href="http://sniperdaytrading.com/contact/">CONTACT INFORMATION CLICK HERE</a></p>
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<p>Related posts:<ol><li><a href='http://sniperdaytrading.com/2011/04/gold-silver-hit-31-year-highs/' rel='bookmark' title='Permanent Link: Gold &#038; Silver Hit 31 Year Highs'>Gold &#038; Silver Hit 31 Year Highs</a></li>
<li><a href='http://sniperdaytrading.com/2009/11/live-sp-futures-trading-videos-today/' rel='bookmark' title='Permanent Link: Live S&#038;P Futures Trading Video&#8217;s Today'>Live S&#038;P Futures Trading Video&#8217;s Today</a></li>
<li><a href='http://sniperdaytrading.com/2009/02/training-series-first-in-a-nine-part-series/' rel='bookmark' title='Permanent Link: Training series / First in a nine part series'>Training series / First in a nine part series</a></li>
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		<title>FAQ</title>
		<link>http://sniperdaytrading.com/faq/</link>
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		<pubDate>Fri, 26 Feb 2010 06:23:00 +0000</pubDate>
		<dc:creator>johntarantino1</dc:creator>
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		<description><![CDATA[



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 [...]


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<b>Frequently Asked Questions <font size="2">(Click on the Question to Reveal Answer)</font></b></p>
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<div class="header" id="one-header">Q. Can I trade more than 30 to 60 minutes a day?</div>
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  <strong>A.</strong> Yes. You can break it up into two sessions if you like. Perhaps a morning session and afternoon session-make 2 point each session.
    </div>
</p></div>
<div class="header" id="two-header">Q. Can I trade for more than two point a day?</div>
<div class="content" id="two-content">
<div class="text">
    <strong>A.</strong> 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&#8217;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.
    </div>
</p></div>
<div class="header" id="three-header">Q. Can I use this with Eminis other than the S&#38;P?</div>
<div class="content" id="three-content">
<div class="text">
       <strong>A.</strong> Yes! my method works great with the NASDAQ Minis and the Dow Minis.
    </div>
</p></div>
<div class="header" id="four-header">Q. What is a Day Trading School?</div>
<div class="content" id="four-content">
<div class="text">
      <strong>A.</strong> Many websites offer day trading training where you have to attend a classroom in a school. If you are not near one of these &#8220;schools&#8221;, you are out of luck. I offer my course as an &#8220;at home&#8221; learning experience. You learn at home, to earn at home.
    </div>
</p></div>
<div class="header" id="five-header">Q. Is this a mechanical system?</div>
<div class="content" id="five-content">
<div class="text">
      <strong>A.</strong> Yes, and no. Yes, it is mechanical. No, it is not a &#8220;system&#8221;, it is a method. In my opinion, systems don&#8217;t work because the markets always change. Sniper Day Trading will give precise entry points that are highly accurate.
    </div>
</p></div>
<div class="header" id="six-header">Q. How much money do I need to start?</div>
<div class="content" id="six-content">
<div class="text">
      <strong>A.</strong> 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.
    </div>
</p></div>
<div class="header" id="seven-header">Q. Can I really make an income with a $5k balance?</div>
<div class="content" id="seven-content">
<div class="text">
      <strong>A.</strong> Absolutely! Assuming you can follow the rules! If you can&#8217;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 &#8220;Turning Points&#8221; video&#8217;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.
    </div>
</p></div>
<div class="header" id="eight-header">Q. Can you recommend a good broker?</div>
<div class="content" id="eight-content">
<div class="text">
      <strong>A.</strong> 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.
    </div>
</p></div>
<div class="header" id="nine-header">Q. How much are commissions?</div>
<div class="content" id="nine-content">
<div class="text">
      <strong>A.</strong> 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.
    </div>
</p></div>
<div class="header" id="ten-header">Q. How long will it take to learn this method?</div>
<div class="content" id="ten-content">
<div class="text">
     <strong>A.</strong> 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.
</div>
</p></div>
<div class="header" id="eleven-header">Q. What kind of support will I receive from you?</div>
<div class="content" id="eleven-content">
<div class="text">
      <strong>A.</strong> 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.
    </div>
</p></div>
<div class="header" id="twelve-header">Q. You mention discipline quite a bit. Why?</div>
<div class="content" id="twelve-content">
<div class="text">
     <strong>A.</strong> It&#8217;s that important. You need to be disciplined to follow the rules to the letter. That&#8217;s why I highly recommend listening to my &#8220;Mental Exercise Program&#8221; 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.
    </div>
</p></div>
<div class="header" id="thirteen-header">Q. Can I skip trading for a few days and still make money?</div>
<div class="content" id="thirteen-content">
<div class="text">
     <strong>A.</strong> 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.
    </div>
</p></div>
<div class="header" id="fourteen-header">Q. Can I pay for my course in installments?</div>
<div class="content" id="fourteen-content">
<div class="text">
     <strong>A.</strong> 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!
    </div>
</p></div>
<div class="header" id="fifteen-header">Q. How much can I expect to make in a year?</div>
<div class="content" id="fifteen-content">
<div class="text">
     <strong>A.</strong> 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.
    </div>
</p></div>
<div class="header" id="sixteen-header">Q. Do I have to install your software on my computer?</div>
<div class="content" id="sixteen-content">
<div class="text">
     <strong>A.</strong> No. I do not sell software! I am selling education materials only. If you don&#8217;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.
    </div>
</p></div>
<div class="header" id="seventeen-header">Q. What if I lose my connection while I am in a trade?</div>
<div class="content" id="seventeen-content">
<div class="text">
     <strong></strong><br />
<strong>A.</strong> 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&#8217;s very prudent to have a backup and have your broker&#8217;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.
    </div>
</p></div>
<div class="header" id="eighteen-header">Q. Will I make money if the market keeps going down?</div>
<div class="content" id="eighteen-content">
<div class="text">
     <strong>A.</strong> Sniper Day Trading method allows you to profit from up and down markets! Go to the beginners page and read about shorting the market!
    </div>
</p></div>
<div class="header" id="nineteen-header">Q. Do you offer training after market hours?</div>
<div class="content" id="nineteen-content">
<div class="text">
     <strong>A.</strong> I do offer an after hours market training to those who need it, but cover a lot of material in the daily video&#8217;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.
    </div>
</p></div>
<div class="header" id="twenty-header">Q. Do you offer a live trading room?</div>
<div class="content" id="twenty-content">
<div class="text">
    <strong></strong><br />
<strong>A.</strong> Not at this time. I will be considering this in the near future, but not yet.
    </div>
</p></div>
</div>
</div>
<p></body></p>


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		<title>Beginner&#8217;s Info</title>
		<link>http://sniperdaytrading.com/beginners-info/</link>
		<comments>http://sniperdaytrading.com/beginners-info/#comments</comments>
		<pubDate>Fri, 26 Feb 2010 05:31:49 +0000</pubDate>
		<dc:creator>johntarantino1</dc:creator>
				<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[bar chart]]></category>
		<category><![CDATA[commission]]></category>
		<category><![CDATA[contracts]]></category>
		<category><![CDATA[contracts traded]]></category>
		<category><![CDATA[daily goal]]></category>
		<category><![CDATA[daily trading goal]]></category>
		<category><![CDATA[Day Trading]]></category>
		<category><![CDATA[Dow]]></category>
		<category><![CDATA[Dow Jones]]></category>
		<category><![CDATA[e-mini]]></category>
		<category><![CDATA[Emini]]></category>
		<category><![CDATA[emini futures]]></category>
		<category><![CDATA[Fear and Greed]]></category>
		<category><![CDATA[focus]]></category>
		<category><![CDATA[focused]]></category>
		<category><![CDATA[futures]]></category>
		<category><![CDATA[mentoring]]></category>
		<category><![CDATA[momentum]]></category>
		<category><![CDATA[Nasdaq]]></category>
		<category><![CDATA[patients]]></category>
		<category><![CDATA[patterns]]></category>
		<category><![CDATA[rally]]></category>
		<category><![CDATA[Scalp Trading]]></category>
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		<category><![CDATA[Sniper Day Trading]]></category>
		<category><![CDATA[Sniper Trading]]></category>
		<category><![CDATA[stop orders]]></category>
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		<category><![CDATA[tick]]></category>
		<category><![CDATA[tick charts]]></category>
		<category><![CDATA[tick data]]></category>
		<category><![CDATA[time frame]]></category>
		<category><![CDATA[Trading Discipline]]></category>
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		<guid isPermaLink="false">http://sniperdaytrading.com/blog/?page_id=1174</guid>
		<description><![CDATA[
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 [...]


Related posts:<ol><li><a href='http://sniperdaytrading.com/2009/02/training-series-first-in-a-nine-part-series/' rel='bookmark' title='Permanent Link: Training series / First in a nine part series'>Training series / First in a nine part series</a></li>
<li><a href='http://sniperdaytrading.com/2009/03/technical-analysis-for-todays-sp-500-e-mini/' rel='bookmark' title='Permanent Link: Technical  Analysis for Today&#8217;s S&#038;P 500 E-Mini'>Technical  Analysis for Today&#8217;s S&#038;P 500 E-Mini</a></li>
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</ol>]]></description>
			<content:encoded><![CDATA[<p><img src="http://www.sniperdaytrading.com/images/set-your-site.png" class="alignright"/></p>
<p><strong>Before you start trading</strong>, 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. </p>
<p>We are trading the S&#038;P 500 E-Mini Futures contract. This represents a shadow or a mirror of movement in the S&#038;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.
</p>
<p>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.
</p>
<p>I once heard a man ask a trader what he does for a living and his answer was, &#8220;I am an asset liquidity provider, how about you&#8221;. That statement is true. That is what we do.
</p>
<p><img src="http://www.sniperdaytrading.com/images/zero-in.png"  class="alignright" /></p>
<p>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)
</p>
<p>At Sniper Day Trading, we trade for a modest daily goal most days, between 2-4 points. The S&#038;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.
</p>
<p>We don&#8217;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.
</p>
<p>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.
</p>
<p>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.
</p>
<h3>Make Money as prices go up or down</h3>
<p>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.
</p>
<p>When we take a Long Trade, we Buy to Open / Sell to Close
</p>
<p>When we take a Short Trade, we Sell to Open / Buy to Close
</p>
<p>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&#038;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.
</p>
<p>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.
</p>
<p>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.
</p>
<h3>TIME CHARTS<br />
</h3>
<p>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.
</p>
<p><img src="http://www.sniperdaytrading.com/images/chart-1.gif" /></p>
<p>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.
</p>
<p>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.
</p>
<p>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.
</p>
<p><img src="http://www.sniperdaytrading.com/images/chart-2.gif" /></p>
<h3>Different Types of Orders<br />
</h3>
<p>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.
</p>
<p>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&#8217;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.
</p>
<p>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&#038;P emini futures market”. The opposite is true for “Selling Short”. This is an example of buying or selling with a “Limit Order”. </p>
<p><img src="http://www.sniperdaytrading.com/images/matrix.gif" /></p>
<p>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.
</p>
<p>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.
</p>
<h3>Different Types Of Trading<br />
</h3>
<p>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.
</p>
<p>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.
</p>
<h3>Scalp Trading<br />
</h3>
<p>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&#038;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.
</p>
<p>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.
</p>
<p>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.
</p>
<p>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.
</p>
<p><img src="http://www.sniperdaytrading.com/images/fractal-brocolli.jpg" /> <img src="http://www.sniperdaytrading.com/images/fractal-flower.jpg" /> <img src="http://www.sniperdaytrading.com/images/fractal-aloe.jpg" /></p>
<p>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.
</p>
<p>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&#8217;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.
</p>
<p>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.
</p>
<h3>Controlling Fear and Greed<br />
</h3>
<p>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.
</p>
<p>Most traders have gone through this, but most don&#8217;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.
</p>
<p><embed src="/audio/trained_4.wav" autostart="true" loop="false" volume="100" hidden="true"><noembed><bgsound src="/audio/trained_4.wav"></noembed></p>


<p>Related posts:<ol><li><a href='http://sniperdaytrading.com/2009/02/training-series-first-in-a-nine-part-series/' rel='bookmark' title='Permanent Link: Training series / First in a nine part series'>Training series / First in a nine part series</a></li>
<li><a href='http://sniperdaytrading.com/2009/03/technical-analysis-for-todays-sp-500-e-mini/' rel='bookmark' title='Permanent Link: Technical  Analysis for Today&#8217;s S&#038;P 500 E-Mini'>Technical  Analysis for Today&#8217;s S&#038;P 500 E-Mini</a></li>
<li><a href='http://sniperdaytrading.com/2009/04/trading-discipline-part-4/' rel='bookmark' title='Permanent Link: Trading Discipline, Part 4'>Trading Discipline, Part 4</a></li>
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		<title>Learn Day Trading Skills &#8211; offer &#8211; Through Sniper Day Trading!</title>
		<link>http://sniperdaytrading.com/2010/01/learn-day-trading-skills-offer-through-sniper-day-trading/</link>
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		<pubDate>Sat, 23 Jan 2010 00:20:42 +0000</pubDate>
		<dc:creator>sniperdaytrading</dc:creator>
				<category><![CDATA[Day Trading]]></category>
		<category><![CDATA[daily goal]]></category>
		<category><![CDATA[dominent trend]]></category>
		<category><![CDATA[Dow Jones]]></category>
		<category><![CDATA[downward price action]]></category>
		<category><![CDATA[Forex currency pairs]]></category>
		<category><![CDATA[investors]]></category>
		<category><![CDATA[Price Action]]></category>
		<category><![CDATA[price to confirm indicator]]></category>
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		<category><![CDATA[support]]></category>
		<category><![CDATA[support points]]></category>
		<category><![CDATA[time frame]]></category>
		<category><![CDATA[trading course]]></category>
		<category><![CDATA[trading indicators]]></category>
		<category><![CDATA[turning points]]></category>

		<guid isPermaLink="false">http://blog.sniperdaytrading.com/?p=1047</guid>
		<description><![CDATA[Today is Friday January 22nd, and the sell-off continues.
Well, the only thing I can say is, I am not surprised with today&#8217;s price action. The market is doing everything it would normally do after a break in formation, as I layed out in yesterday&#8217;s blog post.
There may be a bounce somewhere in here, but time will [...]


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			<content:encoded><![CDATA[<p>Today is Friday January 22nd, and the sell-off continues.</p>
<p>Well, the only thing I can say is, I am not surprised with today&#8217;s price action. The market is doing everything it would normally do after a break in formation, as I layed out in yesterday&#8217;s blog post.</p>
<p>There may be a bounce somewhere in here, but time will tell. I know there are people out there that love to buy the dips. Engrained by the media and such, you have the sheep step up to the plate, &#8221;FOR SHEARING&#8221;.</p>
<p>I did not see the news, but I can only imagine. I see the market through purely a technical lens and reading moves as they unfold. It is easier than trying to predict far in advance. With the break two days ago, it was not hard to imagine or expect the kind of downward price action we have seen. Institutions, investors and traders have their stops at those key support points for a reason, to protect themselves against a sell-off. Once the first domino was tossed, the next one gets hit and there you go. I am sure we have all seen the domino effect, that is what just happened the last couple of days.</p>
<p>At some point, there will be the brave, to step up and buy, thinking they are getting a good deal and maybe they are, but it is risky. The S&amp;P is now in an area of support. It is the same area that I was looking at, but on the Dow Jones. That index traded below where I thought support would come in today, but the S&amp;P over-road the support by breaking to the similar area where it now may try to find support. If I had called the support for the S&amp;P yesterday, I would have used the area close to where we are now.</p>
<p>The S&amp;P price of 1085 was hit 5 times over the past couple of months which may be a temporary spot for the market to pause. Currently we are at 1091.  If we trade past that, you will probably see a whole new wave of selling come in and we could find ourselves down to the S&amp;P 1028 level. The middle of the range as I point out yesterday is Dow 8100 to 8600 and S&amp;P 910 to 855.</p>
<p>Pretty scary stuff, but this is what I was warning about for some time. When the formation breaks, you will see the sell-off, sharp and deep.</p>
<p>When we bounce, where ever that is, what happens after that, is going to tell us how quick all of this may take. A slow gradual process will probably be better for most people.</p>
<p>On, to other topic&#8217;s;  In todays trading I was only at it, for 10 minutes and picked up my daily goal. I did mark up some trades on the screen after that for a little while and picked up some nice turning points. I may trade for a little higher point return next week, but with this Monday being a holiday and Tuesdays session flat. I wanted to make sure I picked up my net goal for the week safely and I did that. So, next week, I may trade a little more. Also, I needed a little cooling off period for the bad trades I took on Tuesday. It all worked out well and look forward to next week.</p>
<p>Below, I marked up my screen with the turning points as I did yesterday but I took the indicator off. I just have the signals as they were generated. I screened out only a few of the very obvious no trades, but marked up most of the trades generated just by that one indicator as I did yesterday. I look at a lot more than indicators, I look at price action through its structure, to see if the components are there for the trade. The indicators, only confirm what I see already through the price. That is how it works for me. I know others use it the other way around. Using the indicators to confirm price. I don&#8217;t teach that or do that. If you learn how good price structure looks like, you will be looking for something very specific. When the indicators confirm your timing, it can give the learning trader a little more confidence to take the trade. But over time, seeing the same patterns again and again, we learn to look for what makes up a good trade just by its structure.</p>
<p>Anyone who wants to learn more, can. I do teach this as the &#8220;Sniper Day Trading Method&#8221; designed by me.</p>
<p>It is a collection of techniques and repeatable price pattern structures that happen with a great deal of consistency. Using the full spectrum of indicators I have on top of the price as well as under the price, will only make the job easier to see what is already present on the basic clean chart itself. This stuff speaks out its own language as the swings taking place, each and every day. </p>
<p>There is something here for everyone. If you like to scalp trade as I do, trading with the trend and counter trend, I have that. If you prefer to only trade in the direction of the dominant trend we can set that up, if you like to trade higher time frame charts and go for a higher profit loss ratios, we can customize that for you. The principles are all the same. This will work great on Stocks as well as Forex currency pairs. The higher the time frame, the higher the risk, but the higher reward. You also get fewer trades as you go up in the time frame spectrum.</p>
<p>I use a small 1 point stop on most all my trades or less, but that is me. I know some in my group use 5 ticks. That is fine, but I urge all to move there stops up with price as things go your way. I like to scale out and put myself in a no loose situation and I teach that too.</p>
<p>I don&#8217;t only offer the trading course, I work with each trader, to not only answer there questions, but to explain it and call it out during the live market, so you can see the same thing on the screen live. I will work with any trader as long as it takes to fully understand how he or she can use the Sniper Day Trading method through screen sharing technology over Skype.</p>
<p>If you have questions, feel free to contact me through Skype, my screen name is SniperDayTrading. Have a great weekend.</p>
<p><a href="http://www.youtube.com/watch?v=qx2lveKv_Ts"><img src="http://img.youtube.com/vi/qx2lveKv_Ts/default.jpg" width="130" height="97" border=0></a></p>


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		<title>Two Live Trading Video&#8217;s in Todays Post !</title>
		<link>http://sniperdaytrading.com/2010/01/two-live-trading-videos-in-todays-post/</link>
		<comments>http://sniperdaytrading.com/2010/01/two-live-trading-videos-in-todays-post/#comments</comments>
		<pubDate>Tue, 12 Jan 2010 01:44:11 +0000</pubDate>
		<dc:creator>sniperdaytrading</dc:creator>
				<category><![CDATA[Day Trading]]></category>
		<category><![CDATA[day trade for a living]]></category>
		<category><![CDATA[Emini Day Trading Course]]></category>
		<category><![CDATA[exercise trading discipline and self-control]]></category>
		<category><![CDATA[influences of negative trading psychology]]></category>
		<category><![CDATA[price range movement]]></category>
		<category><![CDATA[Sniper Day Trading]]></category>
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		<category><![CDATA[trading the S&P futures market]]></category>

		<guid isPermaLink="false">http://blog.sniperdaytrading.com/?p=1013</guid>
		<description><![CDATA[Today is Monday January 11th and is a typical day for many traders to return to the market after having taken time off.
The price action seemed a little better than it has been lately, but the volume was really about the same. A busy day in EMINI S&#38;P Futures is between 1.5-2 million contract, with the lower [...]


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			<content:encoded><![CDATA[<p>Today is Monday January 11th and is a typical day for many traders to return to the market after having taken time off.</p>
<p>The price action seemed a little better than it has been lately, but the volume was really about the same. A busy day in EMINI S&amp;P Futures is between 1.5-2 million contract, with the lower figure being border line active in my opinion.</p>
<p>On Friday I posted my blog a bit early, I had a few things to do and wanted to get it out before the weekend, but I did come back at 11:30 am West Coast time to pick up a nice move. I had a couple of small loses of only 1 S&amp;P point combined, trying to figure out which way the market was going to move. I initially was leaning long and was just a little early. Had I waited, I would have had the real market read that I was looking for. The market did give me a head fake and I bit to the short side. With no follow through and a loss of the momentum, I did not wait to take a full stop. My first thought of a long break out was right and I jumped on it quickly without hesitation. I was down 1 point so far, but did not let that persuade me into taking the position. It was on the high tick, I did not want to miss it because I could see that the move was for real. I left the position open and road it to the top. I exited the first half of the trade at I think +4 1/2 points and second half at +5 points as I can remember. I posted it on U-Tube Friday and will paste it in here today.</p>
<p>That was nice to go into the weekend with a nice gain, but I like the fact that I did not get flustered by the first misdirection. Friday was a brutal day for anyone who traded the middle part of the day, just brutal. That is when you need to wait and back off. No follow through to any trades and no <strong>price range movement</strong>.</p>
<p>I happened to stop right after I got my first trading goal for the morning on Friday. Had I been trading, I am sure I would have been trying to scalp only those small swing trades for a few ticks, 2,3 or 4. If you tried to get any more that, you would have been stopped out, several times over the course of hours. The market stopped moving Friday, so to speak at about 7:30 and it started up again at 11:30. Those are the times I had said last week or so, were the best times to trade. The first 60 to 90 minutes and 11:30 to 12:45, West Coast time. We will see the volume and the trade range come back pretty soon, but until then, be modest with your trading goals.</p>
<p>There is nothing wrong with- get in, get out, get done. It works for me. It could work for you too, if you know how to operate it. Just like a piece of heavy machinery, you could not expect to get up on one of those Cat Tractors and start pulling and pushing levers. It takes time for someone to show you how to do it. It comes with instruction and you need to practice. In time, you know how it operates and you can maneuver it around.</p>
<p>The same is true for <strong>trading the S&amp;P emini futures market. </strong>You most likely will need someone who does it, to show you how it is done and explain what you need to look for. We are not born knowing how to trade and it is not natural for someone to pick it up like riding a bike. It is more like driving a tractor, not everyone is able to do it, but for the traders who are determined to succeed and have the patience and trading discipline to go by the manual, and occasionally use a little insight, it can be mastered. This what I teach in my <strong>Emini Day Trading Course</strong> at Sniper Day Trading.</p>
<p>I mentioned in Fridays post that you need three things for success. Trading Discipline, to not over trade and wait for <span style="text-decoration:underline;">High Probability Trade Setups</span>, you need to know how to trade, (<strong>Sniper Trading</strong> method or your own method or system) and you need to be mentally strong to overcome and recognize the mind games that come with <strong>Day Trading</strong>, especially if you decided to <strong>Day Trade for a Living</strong>. All three of those are no easy task and is attainable, if you break it down in small bit size pieces. Like any large project or undertaking, you always break the project down to small tasks. When those tasks are addressed and a certain level of success has been had, you can move on to the next. You may work on all three area&#8217;s at the same time, but in small attainable goals that will be achieved simultaneously.</p>
<p>Many people just want to get up on that thing and ride it. Side step the needed training, not think about developing personal disciplines to help you not react impulsively and not even be aware of the last  part, <strong>influences of negative trading psychology</strong>. We often end up being our own worst enemy and I know I said that before once or twice.</p>
<p>Start doing things in your life that you can <span style="text-decoration:underline;"><strong>exercise trading discipline and self-control</strong></span>. If you wait until you are in front of your trading screen, you could be giving good money away, don&#8217;t do that. Much more to say and no more room or time. Continued in tomorrows post.</p>
<p>Today, I took four trades, last video,  -1 tick /+4 ticks, +4 ticks / + 2 ticks / +4 ticks , +4 ticks.  I split up a couple of the trades, thinking there was going to be more, but I could see that there wasn&#8217;t and rather than give it back on the second half, I elected to take it. To me, 1 S&amp;P point or 4 ticks is fine. Others would say, why bother. To each his own, I guess. I have been only trading very small, there will come a time that I will get back up to a larger contract size, but I am in no hurry right now. I am enjoying building my website and teaching traders to see what I see.</p>
<p><a href="http://www.youtube.com/watch?v=Vf3CDc1deTs"><img src="http://img.youtube.com/vi/Vf3CDc1deTs/default.jpg" width="130" height="97" border=0></a>   </p>
<p><a href="http://www.youtube.com/watch?v=s3IbL-vZrGQ"><img src="http://img.youtube.com/vi/s3IbL-vZrGQ/default.jpg" width="130" height="97" border=0></a></p>


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		<title>Emini Trading Course &#8211; free consulting offer</title>
		<link>http://sniperdaytrading.com/2010/01/emini-trading-course-free-consulting-offer/</link>
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		<pubDate>Mon, 04 Jan 2010 08:49:51 +0000</pubDate>
		<dc:creator>sniperdaytrading</dc:creator>
				<category><![CDATA[Day Trading]]></category>
		<category><![CDATA[Day Trading Method]]></category>
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		<description><![CDATA[It is Sunday evening January 3rd and the market opens in just a few hours after a long holiday break.
The trading day is going to be one to watch. We are currently directly on long-term support going back to the March 6th lows in all the index&#8217;s. We can not close even 1 S&#38;P point lower [...]


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			<content:encoded><![CDATA[<p>It is Sunday evening January 3rd and the market opens in just a few hours after a long holiday break.</p>
<p>The trading day is going to be one to watch. We are currently directly on long-term support going back to the March 6th lows in all the index&#8217;s. We can not close even 1 S&amp;P point lower from here without breaking this very key support. Doing so in my estimation will bring more selling.</p>
<p>The current momentum in the 120 (2 hour) minute chart is clearly down. The daily has not as of yet turned down, but a lower close on Monday will signal a shift in momentum for that time frame. Both the weekly and monthly are clearly still up. If we are going to go lower from here, it is going to start in the lower time frames first and then shift to the longer time frames as things move along.</p>
<p>One thing to bear in mind, the sentiment numbers did come out on Thursday and the bearish camp became even smaller by -1.1% to a record low of 15.6 % of professional stock market newsletter writers being bearish. That is such a low figure. I believe it goes back well over 5 years and may go back to early 2000 highs set back then. We all know what happened then.</p>
<p>Something, sometime is going to bring this number up, that is for sure. We just do not know exactly when. A large crack in the market will get these writers to slowly turn bearish again. It happens all the time, these people are trend followers. The interesting thing is, we are trending up lately and it is no wonder that more and more are less bearish.</p>
<p>The other side of the coin is, we still have room to move up in the readings for bullishness. Still only at 51.1 % we dropped by over 1% from the 52 area. What will get this number to jump up. I believe a rally is the only thing. But do we have any bullets left in the gun before we fail. That is the $64,000 dollar question as it has been said. Tomorrow will at least tell us a clue as to which way the day ends up.</p>
<p>The first 5 days of January is said to give the trading community a barometer for the rest of January and then for the rest of the year. I have seen this work out and have seen it be a flop. There may be a statistical edge but it is not anything we all should be hanging our future earnings on for the year.</p>
<p>Study price action and you won&#8217;t have to worry about this sort of thing. There are some statistical advantages but traders trade in the now, not the future. So the only decisions you can make are based on what is happening at this moment with the &#8220;<strong><span style="text-decoration:underline;">Daily Price Action</span></strong>&#8221; and place yourself in front of the move.</p>
<p>Trade like a &#8220;<span style="text-decoration:underline;">Sniper</span>&#8221; and pick your spots. Enter the market with precision, keep your risk low by trading counter intuitively, be a <strong><span style="text-decoration:underline;">Sniper Trader</span></strong>. You need to stay one step ahead of the market and be positioned at key &#8220;<span style="text-decoration:underline;">Turning Points</span>&#8220;. Don&#8217;t follow the herd, but use them to your advantage at these key &#8220;<span style="text-decoration:underline;">Trading Turning Points</span>&#8221; and you will hit your trading goals.</p>
<p>I know, so many may be saying easier said then done and I can understand that. If you need structure, a trading mentor and trading support, I have my <strong><span style="text-decoration:underline;">EMINI  Trading Course</span></strong> available to help provide what you may not have at this time. No one was born knowing how to trade. It actually goes against basic human nature and this is a skill that needs to be learned. My <span style="text-decoration:underline;">Day Trading Method</span> is not hard to grasp, but it is powerful. Once the volatility comes back into the market you will likely wish you were prepared to take advantage of the powerful moves that can very often show up.</p>
<p>If the volatility does not show up, you will have the knowledge in &#8220;<strong><span style="text-decoration:underline;">Scalp Trading</span></strong>&#8221; your way to your daily trading goals. Either way, having a set plan to follow is surely better than no plan. My style of trading can be adjusted to accomodate virtually any time frame because it is &#8220;Fractal&#8221; in nature. The same structure regardless of the time frame. This is a great topic to talk more about and I will try to remember it to expand on the subject in future posts.</p>
<p>If you have a trading method already that you trade and just want some idea&#8217;s on how you can improve it or would like to ask a few questions about anything trading related, drop me a line through Skype. My Skype name is &#8220;Sniper Day Trading&#8221;.  I will never pressure anybody to buy my <span style="text-decoration:underline;">Emini Trading Course</span>, or even bring up the subject unless you want to talk about it, but I will try to be as helpful as I can in regards to your trading questions.</p>
<p>It is not easy to find people who want to help without trying to get something back for it and it is not easy to find people who are easy to work with and available, all at the same time. I am not perfect, but my heart is in the right place. I like to teach people how to trade profitably. Now is the time for change. Start today !</p>


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