IV 'Smoking Gun' Proof of Jason Bond Picks shared a link. See More See Less. How many more of these monsters can you afford to miss? You should let me teach you to mountain bike like a boss. And you can teach me to trade the same. Positive volume patterns work for swing-trading call options. How to Trade Options — Calls vs. Retweet on Twitter Jason Bond Retweeted. Other than my value investing you've made my swing trading experience increase 10x thank you both Twitter feed video. With an average profit per trade of approximately 9. By the second year, trading the same way, your income would approach six-figure status So don't let little numbers, like our 9.
The consistency and volume possible with this pattern and strategy makes virtually any income goal you have finally attainable. Considering the enormous potential income and opportunities now available in technology, resources, and many others areas-with red hot stocks, ETFs and other swing trade opportunities I wanted a service that could help you capture it all--and potentially earn you a six trading income That's why I've created Pro Trader Elite System which is quite different from any other trading service in two important ways:.
It uses my proprietary indicators, coupled with the single most powerful pattern I uncovered, to reveal red-hot profit opportunities in companies in a wide variety of sectors, particularly where there can be quick gains As you can see, I much prefer lots of smaller wins to bigger wins paired with equally big losses. Add these two factors together, along with our powerful educational and trade alert platform, and you'll see why we've not only never had a losing year and have been multiplying my money each and every month Then, first thing tomorrow morning, you'll be set to receive my urgent investment recommendations to act on immediately.
Every trading day of the year, I identify the plays I feel are most likely to hand you substantial profit potential without exposing you to unwarranted risk. You'll see what I'm trading Since my instructions are crystal clear and in plain English, and delivered to your phone, you can literally make the trade quickly and easily using any major trading app-in a matter of minutes.
And if you ever have a question about any trade, just jump on with me and our other coaches, LIVE, inside the Pro Trader Elite member's area chatroom and we'll get you the answers you need. Pro Trader Elite is the ONLY system and service designed to help you multiply your income - with "safe" and "aggressive" strategies -- using swing trades based on the pattern and indicators that have been performing for me for over a decade.
No one can promise performance, even with the best of track records. But my mission is simple: To give YOU results similar to those I achieved. The beauty here, of course, is that you're not just depending on my trade alerts-though you certainly could get along fine with those. No-we're changing the game by actually making ALL my daily trading sessions visible, LIVE, every single day-along with an exclusive chatroom for members only. At a time when so many non-traders are using model portfolios and theoretical software to "backtest" their trades and then tell you what to do Sure, we could have created a bunch of DVD videos with fancy packaging Instead, we're cutting right to the heart of the process-you get to shadow and learn from me, every single day, right as I'm making the trade Each alert you receive is drop-dead simple: You'll get plain English instructions that walk you through the trade step by step.
Off the charts: Positive volume patterns work for swing-trading call options
I'll tell you precisely Then, on each trade, it will always be up to YOU to pull the trigger and decide how much you want to invest. You can start by trading only on paper or in a small test account. Or, you can trade in much larger quantities if you wish, depending on your personal tolerance for risk and your profit goals. And when I believe it's time to take money off the table - or cut losses - I will give you the same kind of specific, step-by-step instructions.
I want you to fully understand the potential risk and reward. But as soon as you feel comfortable with those parameters, my recommendation is that you act promptly. Otherwise, you could miss the chance to get into the trade or out of one at my target price. Oh, and if you ever need help In the off chance that you ever find yourself uncertain about how to act on my recommendations, just use the chatroom and myself or one of our will respond to you quickly, often in real time. When I agreed to create Pro Trader Elite, I insisted that we strictly limit the number of members allowed in this service, and my business partners quickly agreed.
By keeping the Pro Trader Elite program more exclusive, I'm making sure that we can give you the chatroom attention you require to get the most out of this V. SECOND, exclusivity is critical for your success - to help make sure you can execute your orders at fair and reasonable prices. No one can guarantee that all trading recommendations can always be executed, of course. But I'm confident that limiting our membership will reduce the chance that you'll miss the market That means the service will fill up quickly. If you apply after the last slots are taken, we will add your name to a waiting list and notify you if and when slots open up in the future.
And there's absolutely no guarantee of results. But it doesn't have to take you that long, because you'll be standing on my shoulders If you want to take the long way Pro Trader Elite is for those who want to leapfrog everyone else and get there much faster.
Again just remember that less than one in every 1, of anyone reading this will be able to join. These trial memberships will be awarded on a first-come, first-served basis only. And when they're gone, they're gone. The ONLY way to guarantee that your membership will be accepted is to apply now, while we still have open slots. I'm obligated to say that nobody can guarantee profits, and losses are always possible.
But I can guarantee this: If we don't deliver amazing performance that is profitable over the course of the year, we don't make a dime! And if you're not happy with the service or it doesn't perform in any month, you can always receive a refund for that last billing period. That's right-we're so confident my trades and the overall service will be profitable in terms of what I trade and recommend-not necessarily what YOU execute But usually day traders close positions before the end of the day.
Then it becomes more a gamble of whether your stop loss or target will get hit first. If you are holding overnight, that is more swing trading…which is a different trading style. More on day trading forex is discussed here: Thanks for a great and informative site. I purchased your E- book and read it — It is good. The mail point and learning I picked up af blowing up several accounts mainly in the Future markets is to max.
Actually, you should be able to get a very good estimate of your stop loss and entry before you get into the trade.
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I do not let one-minute bars elapse. As soon as a trade signal occurs in real-time at least while day trading I take the signal. That means you always can see the bars prior, or a pattern to indicate the stop loss and entry, before getting into the trade. Just need to be on it, and watching that chart…as the price moves, always be thinking about where your trade setups could develop, how far the price could move target, and is the trade worth taking and where the stop loss would be. To be safe, reduce the position size slightly in case of slippage which would increase the risk and therefore reduce the position size.
This way, on most trades you know you will be in the ballpark of your correct position size. Then only adjust it if there is a trade where the stop loss distance is quite a bit greater. HI Cory, Is it possible for people to make 5 trades if they are trading only for hours a day?
Will of course depend on the asset they are trading, how volatile it is price moves are what create opportunities , what their strategies are and what time frame they are trading on. But it possible that on some days there may only be one or two opportunities. But that is pretty rare. I purchased your book and find it very informative as for me trying to learn forex trading might as well be trying to learn another language! In reading your book and following your videos and articles online do you think there is enough volitility in the market these days to make money at forex trading for newbies?
Still getting my butt kicked daily lol Should a person look at another pair to day trade with more volitility? So if you end up liking that pair better, you can stick with it. Thanks for the prompt response! Sometimes I think to trade others markets around the world but one thing stop me trade forex. Anyway to use futures in CME like a base to scalp and day trade?
Best Regards from Rio de Janeiro, Brazil. But it is not the same as the stock or futures market. Forex is fragmented, as it is not a centralized market. So you will see different things on the Level 2 depending on which broker you are using. Some brokers have bigger liquidity pools that others. If trying to trade off just level 2 in forex, i suspect there would be a bit of a learning curve, but it is likely possible.
I personally mostly rely on my charts as opposed to level 2, so that is about all the insight I can offer. Cory, thanks for reply. I will email they to check this and test this hypothesis. If it is not showing up, it may hidden. Right click in the MarketWatch window and select Symbols.
While in there you can also select gold, silver, natural gas, etc, under the various headings. I will check this later with FXOpen. I think I find my style less time consuming and can still make the same amount give or take, monthly. But I still think there is great potential in there for day trading if you can utilize your strategy into automation and robot ai trading. This article was definitely informative and well put together. My husband already day trades futures, but not forex. I have a thinkorswim paper money account and have been diligently learning for about 3 months.
Hi, thank you for the wonderful article. You could face a significant lose or even lose your entire account where the price to move even several percentage points against you unable to exit at planned exit point. I realize the trade might trigger below my set point but why would it FAIL altogether? Practice in a demo for months logging in the plus hours you have mentioned that it takes for a person to start seeing some profit. Or practice in a demo trading stocks for months. Once consistently profitable in the demo with stocks seek a trading firm that can lend me their capital to trade stocks.
Are these percentage returns possible within this time frame of practice? Are better percentage returns possible within this time frame of practice? What are your thoughts on the second approach? And based on your experience do trading firms require or prefer people with college degrees? I prefer trading on my own, but firms do have the advantage of helping you develop better discipline someone looking over your shoulder and you may be able to gain some insight from the traders around you. But this comes at the cost of them taking some your profit or getting a return some other way …at the beginning this cost is typically offset by access to more capital and reduced trading fees.
So it is a viable way to enter the industry. Depending on the firm, they may train you more typical of brick and mortar firms with a physical location , or they may only be looking for traders with a successful track record more typical of firms who only operate online and allow traders to trade remotely. If you go on your own, with I would go with forex. The returns are totally dependent on the work put in. But as you can see from the simple math…if you have a viable strategy, and are disciplined and practiced enough to follow it, great returns are possible.
But here, it just makes sense in the way everything is explained. And you reiterate some basic tenets time and again which is great for us newbies. You make a great teacher, thanks. I have a tdameritrade accout. Do you have or know of a good course that can teach someone like me how to start off with say 5, I just need to do this..
I need training and someone trustworthy who is not just trying to sell me a bag of goods…. Long-term goals are good. Most traders find a return they are comfortable with and that is what they make it MAY be a dollar amount, or a percentage amount, or a certain number of pips in the forex market.
Everyone is different…even if they are trading the same strategy.
Some people are more aggressive, some people are more conservative, some people can trade all day, some people can trade for an hour. Expect to work hard for at least 6 months to a year before you start to see income. Several months will be spent in a demo account trading fake money and making sure you can actually make a profit. Even once you know it strategy it takes time to learn all the variables to watch for, and to develop the confidence to place trades exactly when they need to placed not a second before or a second after.
You have some things to work on first. I assume you are interested in day trading? I would read through some of the free forex content in the Tutorials drop down menu for a basic understanding of the market and some general strategies to get you started and practicing in a demo account. I have compiled a Forex Guide https: Thanks for the comprehensive overview!
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Just one quick question regarding the day trading section: In other words, can I apply all of my buying power for each of the 20 trading days and still sell all my positions at the end of each day and not violate the policy? So, instead of having 20 trading days, we would only have about 6 trading days for a total of 30 actual trades 6 x 5 trades a day. Please let me know if I am not understanding the freeriding rule correctly because it would awesome if I could max out my buying power each day! Thank you for your time.
It is best to check with your broker or the broker you intend to trade with …so you and them are both clear on how you wish to trade and can handle any issues now before you begin day trading. I have never experienced a problem with this. Day traders often make MANY trades in the same and different stocks each day. Most day traders use all, or most of, their capital in a day…or even WAY more, if you add up the value of many trades which could be taken in a day. As long as you have capital and margin to cover all your trades, you are fine.
As long as your positions are closed before the closing bell, no need to worry about settlement too much. BUT AGAIN…check with your broker so you are in full compliance with any day trading rules they may specifically have some brokers impose additional restrictions, etc. Yes, there are several sites and platforms, and even brokers, that suport this type of functionality. In forex they are typically called PAMM accounts. I am in the UK and looking for a platform for a begunner for for ex market and eventually will use the same platform from a demo version to real version after some months.
Maybe investing 10k gdp. Can you please advise what platform I should use in the UK? Taxes and tax rates will depend on where you live, and if trading is your primary income how often you trade. Hi, I was wondering why you do not mention day trading options. Options are a great market. I prefer the mentioned markets for day trading. The CME imposes position limits on traders…. You would likely experience problems before these limits though.
As you start getting bigger and even in the 10 to 30 contract range you will start to get partially filled on your winning trades but always receive all the contracts on a losing trade. Here, it is your capital that will cap your position size. I want to start trading but not not got a trading account yet, but my question is when I do set a trading account up what is the lease amount of money I can put in my trading account where I can start making a good amount of money. How much capital you need varies by market, and whether you want to day trade or swing trade.
Since this is a day trading article, I will assume you are interested in day trading. For how much money you need to day trade, see: Open a real account only after you have proven to yourself that you can profitable in a demo account for several months in a row. You can eventually make a living off that.
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This does take time though—expect to practice for at least 6 months to a year before you start to see profitable returns in a demo account. Then another few months to acclimatize yourself to trading with real money. So it is possible, but not common. I prefer boring any day.
I trade the trends that occur, and step aside for news events only entering after into normal trend trades. My bread and butter is being able to trade everyday boring moves. For some people, there may be more opportunity in some markets than others, but for me, I do the exact same thing no matter what market I trade, so the results are pretty much exactly the same. I do trade big momentum moves as they occur in forex, stocks and futures. Some days are bigger, but that is just what the market provides, and not a function of the market I am trading.
All markets provide ample opportunity way more than any trader can take advantage of. Of course, each person trades in their own way, so if they have a strategy that works on stock-based news events, but nothing else, then they should trade stocks. But I can only speak for me. I focus on boring everyday trends, which makes how I trade fairly universal across markets, and not much changes when I switch from one market to another…except that stocks require a lot more capital for the same return I get elsewhere.
I should also point out that I could care less if I am trading against all algos. If you talked to forex traders, they will say that trading forex is great. If you talk to futures traders they will say trading futures is great. All these markets exist because people succeed at trading them while the mast majority lose. Whether you trade stocks, forex or futures, your odds or success are the same low! By all means trade stocks if you like them.
But forex and futures are also viable options. Put 6 months to a year of hard work into any market, and your odds of success are the same, and your income likely will be as well. Have traded all three markets, profitably, for multiple years, I can say that without question.
The only difference is the capital you need to trade them and a few details like trading hours, etc.
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But that said, trade what interests you most. I agree that the good traders stay silent. Thanks for your knowledgeable response. I just still disagree with your analysis of returns possible in FX and futures. If they could, they would be managing a successful, small hedge fund and the world would know about it. I just think you should be steering newer traders away from FX and futures if possible since it is way harder to find trades with context and tempting to overtrade.
Technical trading alone in FX and futures can still lead to big drawdowns. And how could any new trader expect to compete with algos anyway? So you are correct, as soon as large sums of money hedge fund are involved, the returns drop because it becomes harder to find liquidity and great trades with more capital …but my focus here is the individual trader, who CAN make seemingly high returns.
There is so much money passing back and forth that based on my strategies it seems to be the easiest to day trade. Futures are also good, and another market I really like because of the inherent leverage in them. But I disagree on steering traders away from futures and FX. If you know what you are looking for, these are more lucrative markets, because much less capital can be utilized effectively.
So with pretty much everything being equal, I choose forex or futures because they are more accessible to the person starting out with a smaller bankroll. So you need to be losing all trades and not winning any to see any significant drawdown…and since our winners are bigger than losers it takes less winners to make back the loss. So with a good strategy drawdowns are minimal, and in a worst case scenario it is a VERY slow capital drain, but if this is happening the trader can hopefully work on finding the issue that is causing the drain in capital before it becomes significant.
Cory, thank you again for your diligent response. You are clearly passionate about this industry and about helping others. It is evident in your patient thought and articulate delivery. Less successful traders than you who would have quickly dismissed my first question and then arrogantly summarized my commitment and character.
Some of these traders worked very hard and still failed.