You really like trading like this? Seems like a very stressful way to trade. Been looking at a variety of videos tonight on this site about trading the mini's and I'm blown away how hard everybody makes this. Do yourself a favor guys read and incorporate Market Profile into your trading methodology.
John, I wanted to thank you for Master The Trade. I devoured the entire book in the 6 hours after I bought it last week. A perfect match for my learning style. My first life changing event was coming from Boston to Chicago to attend a futures trading seminar in 2000,I didnt even know what a future was. but I never went back to Boston. Reading Master the Trade was my second life changing event. Would you accept a short email from a newbie?
I read your book and am starting a trading account this week. I just want to say thank-you for your book and free videos, they have helped me enormously.
haha yeah I didn't have to do 30 trades to get that one. It took me longer to figure out how to convert it and upload it to youtube! For scalping I think the stock index futures and grains are best.
The idea with pivot trades is that you will get a small bounce 85% of the time. So I use a wide stop for the first third to give it room to work its probabilities, then as soon as that first target is hit start tightening up the stop aggressively.
Good question. My overall exit strategy is to start with a setup that has a high probability of at least getting that first 10 ticks. Once I get that 10 ticks I get aggressive about moving up my stops. When I tried this with a 10 tick stop, I would get stopped 60% of the time. When I widened the stop, the success rate moved up and I would only get stopped 20% of the time. From there you look to get some runners since you then have a no risk trade with a break even stop.
This platform is called "AT" for short. You can get a demo account set up by emailing rosa at tradethemarkets dot com. It's available though a couple of brokers.
Thanks for that, I learned something about the AT platform I never new, again, thanks for sharing
Bazzawombat 3 years ago
You really like trading like this? Seems like a very stressful way to trade. Been looking at a variety of videos tonight on this site about trading the mini's and I'm blown away how hard everybody makes this. Do yourself a favor guys read and incorporate Market Profile into your trading methodology.
sseverijn 3 years ago
what is Market Profile?
hummer9686 3 years ago
what the hell is that racket in the background. sounds like a horserace, it aint the pits is it?
cybertrader69 3 years ago
Yeah its a direct feed into the S&P pits I got it from traders audio dot com
jcarter593 3 years ago
John, I wanted to thank you for Master The Trade. I devoured the entire book in the 6 hours after I bought it last week. A perfect match for my learning style. My first life changing event was coming from Boston to Chicago to attend a futures trading seminar in 2000,I didnt even know what a future was. but I never went back to Boston. Reading Master the Trade was my second life changing event. Would you accept a short email from a newbie?
trapD9 4 years ago
Feel free to email me -- info is at our site tradethemarkets dot com
jcarter593 3 years ago
I read your book and am starting a trading account this week. I just want to say thank-you for your book and free videos, they have helped me enormously.
pjmsullivan 4 years ago
Good to hear and thanks for the comments.
jcarter593 3 years ago
Looks nice, I really like the auto feature. Thanks RagingBull For the referral.
Coog838 4 years ago
The charting is from TradeStation and the executuion platform was AT.
jcarter593 4 years ago
It's free software through infinity -- if you would like to try a demo you can email rosa at tradethemarkets dot com.
jcarter593 4 years ago
haha yeah I didn't have to do 30 trades to get that one. It took me longer to figure out how to convert it and upload it to youtube! For scalping I think the stock index futures and grains are best.
jcarter593 4 years ago
what software is that, thanks
cujo97864 4 years ago
The idea with pivot trades is that you will get a small bounce 85% of the time. So I use a wide stop for the first third to give it room to work its probabilities, then as soon as that first target is hit start tightening up the stop aggressively.
jcarter593 4 years ago
hey jcarter. nice trades. question. why is your first profit target 10 ticks, and your stop 30 ticks? that seems counter intuitive.
deefromott 4 years ago
Good question. My overall exit strategy is to start with a setup that has a high probability of at least getting that first 10 ticks. Once I get that 10 ticks I get aggressive about moving up my stops. When I tried this with a 10 tick stop, I would get stopped 60% of the time. When I widened the stop, the success rate moved up and I would only get stopped 20% of the time. From there you look to get some runners since you then have a no risk trade with a break even stop.
jcarter593 4 years ago
what is the name of the trading platorm?
lightfoot500 4 years ago
infinity AT
protagerus 4 years ago
This platform is called "AT" for short. You can get a demo account set up by emailing rosa at tradethemarkets dot com. It's available though a couple of brokers.
jcarter593 4 years ago