For me each trade starts as a scalp to first target. So I define my style as a scalper always on the look out for the bigger trade. It is all about what you are actually able to do consistently and handle psychologically that matters. I call the trade room Jaguar Trading because the Jaguar is a solitary predator, and its definition is 'he who kills in one leap". That is my basic philosophy about trading. I watch and wait for price to line up at dynamic and/or static s&r, and for the price bracket range to commit to a direction. The charting tools are designed to define price into a specific bracket with a specific volatility level, and then we employ entry rules and conditions, and take the trade. Each trade starts as a scalp, and our strict money management prevents us from turning winners into losers, and gets us into position for a bigger trade with minimal risk.
ATTENTION: I do not solicit accounts or trade for anyone else. If anyone refers you to this website for that purpose report them to the CFTC and NFA. All trades are for educational purposes only. All trades are paper trades for learning experience only.
The #1 question I always get is "how long will it take before I can trade cash and make money". The answer is I do not know. But expect at least 6 months to 1 year...but it really depends on you. To learn my method and money management approach will take about 3 months. To pass my acid test you have up to 3 months. I thought I would put this here right up front so you understand that this is a difficult profession, but has tremendous reward potential for those that persevere and are patient.
The #2 question is why am I selling my experience and knowledge as a technical trader when I can just make money from my trading if it were any good? The answer is that I have trade losses like everyone else. So, this way I get to cover some of those losses, and it keeps me sharp and accountable and it helps my own account to grow so I can use more leverage.
My focus is on price and price bar patterns. I use range charts. This defines price without time into specific brackets. I pay close attention to the ratio of volume at the trading price on the building bars defined size. I also pay close attention to the speed of the bar building in relation to the previous bar. I pay close attention to the last few bars position in relation to the nearby s&r. I pay close attention to the dom orders and cumulative order buildup (volume) as price approaches the trading bid/ask. I use market profile for inventory distribution of current days trading, of previous sessions tpo/poc areas, and of the kill zones. I use standard and customized tools to help me define a trading opportunity before moving in to focus on the entry opportunity for minimal risk. I am near 90% accurate to first target. My first target is 1 point (4 ticks). I trade 2c and 3c lots depending on the setup. I have only 3 trade strategies with setups for originating entry and re-entry or add on. I use a 10 tick money stop, and a 15 tick catastrophe stop on most trades. I employ the free trade principle. I trade to my daily quota and stop trading for the day. I mentor and coach in a private setting.
My method works for me. I do not know all the answers and do not have your secret answer. But I can help if only to keep you from making the most gross mistakes.
Money management is what makes your profits, but you have to allow the statistical probability of your strategy signals work for you.
Trading to a daily goal is just one way to go. Each persons risk tolerance and confidence level is different, so knowing who you are as a trader is something you find out over time. If you are successful at swing trading then I would suggest you continue that path and if your gains are not what you want then use leverage. The key is you must know your performance level and it must be consistent. Once you add leverage you need to know what to expect as a draw down. Intra-day trading is not swing trading. It is much more stressful and faster paced.
The room is not a trade signal room. While it is open, it is mostly to take trades and talk about trades setting up for the purpose of your following along in sim and slowly start to take trades based on your understanding of the setups and the price chart structure. We trade to a room goal and then spend whatever time is left on Q&A. We open at 8am EST. After the initial 1st month, each student sends in their trade chart 1x a week for review to learn price structure and chart reading. Each Thursday after market we have an official training session from 3:45 to about an hour or so. Also, I do 1:1 sessions with everyone on either eve or weekends at least 2x a month, so you can schedule those around your needs.
If you have reviewed the course outline then you know it takes about 3 months to prepare for the test. It depends on how much time and effort you are willing to put in as to what you will get out of it. It may take you longer given your limits. You then have up to 3 months to pass the acid test. Once you get through all this then you are in the best position to take your final test which is the real deal trading cash in the live market.
I spend a lot of time with each student. So it will be up to you to do the work, and I will take care of the rest. Make the commitment, stay the course. I cannot guarantee your performance in live cash market trading, however I can get you to a very high consistent technical performance level on sim using the method I teach, and then the rest is up to you. Once in the club it is for life, and you are welcome to trade with me for as long as you like.
One final thing. I have the most difficulty with traders who have traded for a while. They bring in all their experience from the past and that often includes bad habits, wrong thinking, poor trade management that does not apply to intra-day emini trading, poor setups and inconsistent strategies. So, be sure you are willing to learn, and are not looking for someone to fix your setups or strategies. This I am not interested in. If you have some good ones that you know work consistently for you, then keep them and just add your new knowledge as more edge. Once we get through the course then I would be happy to take a look at any good edge you want to share.
My skype is edabreu41552. Let me know if you want to interview.
The best way to get started is with your foundation. I have found this CLICK link to be the best first introduction into the world of trading as a profession. It is presented clearly and will provide you with the best explanation of what the market is and who the players are and how you will need to view the market and yourself in order to have a chance at reaping consistent success as a trader.
Risk Disclosure and Performance Disclaimer Statement
Trade at your own risk. The information provided here is of the nature of a general comment only and neither purports nor intends to be, specific trading advice. It has been prepared without regard to any particular person's investment objectives, financial situation and particular needs. Information should not be considered as an offer or enticement to buy, sell or trade. You should seek appropriate advice from your broker, or licensed investment advisor, before taking any action. Past performance does not guarantee future results. Simulated performance results contain inherent limitations. Unlike actual performance records the results may under or over compensate for such factors such as lack of liquidity. No representation is being made that any account will or is likely to achieve profits or losses to those shown. All trades shown on this web site are hypothetical, they were not executed. There are just shown for illustration and training purposes only.U.S. Government Required Disclaimer - Commodity Futures Trading Commission Futures and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to Buy/Sell futures, stocks or options on the same. 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 trading system or methodology is not necessarily indicative of future results.
CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED 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 PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL, OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE DISCUSSED WITHIN THIS SITE, SUPPORT AND TEXTS. OUR COURSE(S), PRODUCTS AND SERVICES SHOULD BE USED AS LEARNING AIDS ONLY AND SHOULD NOT BE USED TO INVEST REAL MONEY. IF YOU DECIDE TO INVEST REAL MONEY, ALL TRADING DECISIONS SHOULD BE YOUR OWN.
For me each trade starts as a scalp to first target. So I define my style as a scalper always on the look out for the bigger trade. It is all about what you are actually able to do consistently and handle psychologically that matters. I call the trade room Jaguar Trading because the Jaguar is a solitary predator, and its definition is 'he who kills in one leap". That is my basic philosophy about trading. I watch and wait for price to line up at dynamic and/or static s&r, and for the price bracket range to commit to a direction. The charting tools are designed to define price into a specific bracket with a specific volatility level, and then we employ entry rules and conditions, and take the trade. Each trade starts as a scalp, and our strict money management prevents us from turning winners into losers, and gets us into position for a bigger trade with minimal risk. 