Monday, September 30, 2013

ES VIDEO TRADE REVIEW FOR 09-30-2013




ES TRADE REVIEW:






ES MARKET PREVIEW
SENT TO CLIENTS PRE-MARKET.







Trading of securities, options and futures may not be suitable for everyone and involves the risk of losing part or all of your money. Commentaries are educational in nature and are designed to contribute to your general understanding of financial markets and technical analysis. Use it how you want and at your own risk. I am not a registered investment adviser. This information is a general publication that reflects my opinion and is not a specific recommendation to any one individual. You must consult your own broker or investment adviser for investment advice. Controlling risk through the use of protective stops is essential

Saturday, September 28, 2013

ES VIDEO TRADE REVIEW FOR 09-27-2013



ES TRADE REVIEW



PRE MARKET VIDEO NOTES SENT TO COACHING CLIENTS PRIOR TO OPEN



Trading of securities, options and futures may not be suitable for everyone and involves the risk of losing part or all of your money. Commentaries are educational in nature and are designed to contribute to your general understanding of financial markets and technical analysis. Use it how you want and at your own risk. I am not a registered investment adviser. This information is a general publication that reflects my opinion and is not a specific recommendation to any one individual. You must consult your own broker or investment adviser for investment advice. Controlling risk through the use of protective stops is essential

ES TRADE REVIEW FOR 09-26-2013

Do to just being tired,  only visual review today.





Trading of securities, options and futures may not be suitable for everyone and involves the risk of losing part or all of your money. Commentaries are educational in nature and are designed to contribute to your general understanding of financial markets and technical analysis. Use it how you want and at your own risk. I am not a registered investment adviser. This information is a general publication that reflects my opinion and is not a specific recommendation to any one individual. You must consult your own broker or investment adviser for investment advice. Controlling risk through the use of protective stops is essential

Wednesday, September 25, 2013

ES VIDEO REVIEW FOR 09-25-2013

George Washington Carver 




THIS AM'S MARKET PREVIEW-SENT TO COACHING CLIENTS PRIOR TO OPEN:






Trading of securities, options and futures may not be suitable for everyone and involves the risk of losing part or all of your money. Commentaries are educational in nature and are designed to contribute to your general understanding of financial markets and technical analysis. Use it how you want and at your own risk. I am not a registered investment adviser. This information is a general publication that reflects my opinion and is not a specific recommendation to any one individual. You must consult your own broker or investment adviser for investment advice. Controlling risk through the use of protective stops is essential

                                                                          

ES TRADE REVIEW FOR 09-24-2013

Was too tired to do a trade review,  hope all did well. 




Trading of securities, options and futures may not be suitable for everyone and involves the risk of losing part or all of your money. Commentaries are educational in nature and are designed to contribute to your general understanding of financial markets and technical analysis. Use it how you want and at your own risk. I am not a registered investment adviser. This information is a general publication that reflects my opinion and is not a specific recommendation to any one individual. You must consult your own broker or investment adviser for investment advice. Controlling risk through the use of protective stops is essential

Monday, September 23, 2013

ES VIDEO TRADE REVIEW FOR 09-23--2013

Totally wiped out tonight.  So I am going to keep this brief.   Failure to get above and hold Fridays low put sellers in charge this am .  The White Zone was at 1707-1709.   Buyers are in control above & sellers below.   The further we rotate away from the WHITE ZONE, the less power or influence it has over market participants decisions.  The key long opportunity came at Initial Support.  In this AM's market preview sent to clients I said that I expected responsive buyers at Initial Support & that is exactly what we got.  Strong responsive buyers pushed us up about 6 points to 1968 where we proceeded to chop with a down ward bent (sellers still in overall control.) As a side note,  my trading early in the day has been less than I expect in terms of performance.  I think this is in part to putting together the pre-market trade report so close to the market for my clients.  Will make the adjustment tomorrow to have the pre market trade report out by 8am.  Hopefully one small adjustment will have a big outcome change.  Would like to see an increase in PnL this week as it is less than my average to this point in the month.  Keep trading well folks.  Have a good night. 

PRE MARKET PRE VIEW:





Trading of securities, options and futures may not be suitable for everyone and involves the risk of losing part or all of your money. Commentaries are educational in nature and are designed to contribute to your general understanding of financial markets and technical analysis. Use it how you want and at your own risk. I am not a registered investment adviser. This information is a general publication that reflects my opinion and is not a specific recommendation to any one individual. You must consult your own broker or investment adviser for investment advice. Controlling risk through the use of protective stops is essential

Sunday, September 22, 2013

ES VIDEO TRADE REVIEW FOR 09-20-2013

As a trader you can not allow your frustration with the market to allow you to leave your trade plan. If you abandon your trade plan you leave yourself in the perilous position of having to figure everything out which causes anxiety as your caught between wanting to find a trade that will work and fearing that the next trade will just put you further from new highs in your account.  If you feel that your trade plan is no longer valid, then you must step back a reassess what changes need to be made, write a trade plan for execution & create an appropriate risk management profile for the new trade.  Assuming you can actually find a new edge.   It takes time & that is actually a good thing.  There are a few gifted traders that can jump from market to market seamlessly and do well; most of us are not that trader.

What I have found over the years is that my particular edge has been consistently profitable. Sometimes its wildly profitable and other times its only reasonably profitable.  Right now, per example,  I am up about 20 es points for the month.  So not jaw dropping until you consider the environment. We have had an abundance of one way markets, not normal for ES trading & makes trading rotations very difficult.  Furthermore,  we have had an abundance of random news events that have really driven the market to make fast outsized moves, a dangerous trading environment.  Lastly, many traders are simply getting crushed in this environment, so being profitable is actually quite nice.  

After taking that into consideration, do the math on the PnL.  That's 1000 dollars per contract traded.  Trading 5 contracts thats obviously 5000 dollars, and we are not done with the month.  I follow a system for systematically increasing my trade size.   If your account size is 100000 per example, trading 1 car per 10000 in your account would have you up 10000 for the month.  This comes out to over a 100% annualized return.   Keep trading well and having a plan to expand to 15 contracts would yield you 150% .  Please notice the word plan,  a plan to increase size, hopefully based on successful trading. (increasing size as the number of successful trades grow)

Now nothing is guaranteed, especially in trading.  But if you stay focused on an edge and a plan to execute that edge well, good things can happen.  If we get into a better day trading environment,  returns can really explode.  But not if your jumping ship every time the environment becomes a little challenging.  Not if your abandoning your risk model. Not if your taking random trades.  Then your left to being pushed around by the markets.  And when the market comes back to your edge?  Well, you will be long gone; either threw losses or through missed opportunities because you did not stick to a game plan.  You will simply look back and say, ugh, why did i abandon what was working.  "I could have made so much".  This is the story of the majority of traders out there.  Do not let this be you.

To be clear,  there are lots of ways to make money in the market.  There is nothing wrong with having multiple strategies and trading multiple markets if you have the ability to do so.  However,  each strategy requires a plan and a true edge.  Generally creating both take a good deal of work and can not be done overnight. Saying hey,  this market overhear seems to be trading better,  let me jump over there and take a few trades.....   Without doing your proper homework,  your asking for an ass kicking.  Just how it goes.  Most traders don't have an edge or a trade plan.  I tend to be very slow to abandon mine.  Focus, patience, perseverance and stability in my focus leads me to success.   Randomness, lack of preparation, giving in to frustration, chasing a dollar.  This is the road to ruin.  Choose wisely.

Simon







Trading of securities, options and futures may not be suitable for everyone and involves the risk of losing part or all of your money. Commentaries are educational in nature and are designed to contribute to your general understanding of financial markets and technical analysis. Use it how you want and at your own risk. I am not a registered investment adviser. This information is a general publication that reflects my opinion and is not a specific recommendation to any one individual. You must consult your own broker or investment adviser for investment advice. Controlling risk through the use of protective stops is essential

Thursday, September 19, 2013

ES VIDEO TRADE REVIEW 09-19-2013

THE BIGGEST PROBLEM WITH FOLLOWING TRADERS ON TWITTER IS TRANSPARENCY.  IF YOU WERE TO LOOK AT TRADERS ON TWITTER IT WOULD APPEAR THAT EVERYONE KNOWS WHAT THEY ARE DOING. YET I HAVE MET SO FEW WHO ARE ACTUALLY MAKING MONEY. IF I HAD MY WAY,  EVERY ONE WHO POSTS AN IDEA WOULD HAVE TO KEEP A RUNNING TRACK RECORD.  EVEN IF THEY ARE NOT TRADING IT, AT LEAST YOU WOULD KNOW WHAT THEIR TRACK RECORD ON THEIR TRADE IDEAS IS. OF COARSE, YOU WOULD END UP WITH VERY FEW PEOPLE CALLING TRADES OR TRADE IDEAS.







Trading of securities, options and futures may not be suitable for everyone and involves the risk of losing part or all of your money. Commentaries are educational in nature and are designed to contribute to your general understanding of financial markets and technical analysis. Use it how you want and at your own risk. I am not a registered investment adviser. This information is a general publication that reflects my opinion and is not a specific recommendation to any one individual. You must consult your own broker or investment adviser for investment advice. Controlling risk through the use of protective stops is essential

Wednesday, September 18, 2013

ES & NQ VIDEO TRADE REVIEW FOR 09-18-2013

You can not chase the market and expect to win.  You pick your spots, let the market come to you.  If your waiting for it to look perfect, your gonna have a long wait. 
-Simon


ES:

NQ:


Trading of securities, options and futures may not be suitable for everyone and involves the risk of losing part or all of your money. Commentaries are educational in nature and are designed to contribute to your general understanding of financial markets and technical analysis. Use it how you want and at your own risk. I am not a registered investment adviser. This information is a general publication that reflects my opinion and is not a specific recommendation to any one individual. You must consult your own broker or investment adviser for investment advice. Controlling risk through the use of protective stops is essential


Tuesday, September 17, 2013

ES TRADE REVIEW FOR 09-17-2013


Today was essentially a trend day up.  If trend day up is not identified quickly then it can inflict major damage to a traders account.  My goal is 2 fold on trend day up.  1)  To avoid losing money taking counter-trend trades that get run over.  If possible, to get on board in the direction of the trend day. 

I essentially did not catch the we were in trend day up quickly enough.  My early short was stopped for -2.25.  Small enough damage.  I pretty much waited for my next trade to develop.  Much of the problem with this particular day was it was deceptively slow. Most trend days have a speed element to them that was not present this am.  My trading rules are designed to keep me from having major draw downs on any given day and today they worked perfectly.  My second trade was a short at Initial Resistance & I sat in it for what seemed like forever.  Unable to get a rotation to the down side I covered for a 2 tick loss. Totally respectable. I do not consider myself the best trader in the world, far from it. What I do do very well is control my down days and keep them small and I extract the maximum on my up days and only take my highest odds trades.  Thats it.  It has kept me in the bis a long time and I suspect it will stay that way.  

Clues to trend day up:

no attempt at gap fill

little to no counter rotations

never got below VWAP

NQ went up from the get go, in complete oposite behavior of prior day and something my coaching clients were looking for out of the gate.  

Hope all did well.  Still considering weather or not I want to trade tomorrow.  Everyone and their brother will be trying to get in on the action.  The swings and the power of the move in both direction could be insane.  Last time we had 20 point ES moves each way--within two hours  Not exactly my cup of tea.  I trade pretty leveraged.  So for now I am going in with no expectations and with the attitude of doing less is more.  I simply want to survive crazy days so that I can cash in on the easy days.  I do not consider moves generated by interpretations of mid day news releases easy as I have little to no edge there.  Everyone is gaming this and I  want to make sure I am not the sucker.  Good night, remember,  market will be here a LONG time. Just make sure you are here with enough capital to take advantage of the easy markets.  ---Simon




Trading of securities, options and futures may not be suitable for everyone and involves the risk of losing part or all of your money. Commentaries are educational in nature and are designed to contribute to your general understanding of financial markets and technical analysis. Use it how you want and at your own risk. I am not a registered investment adviser. This information is a general publication that reflects my opinion and is not a specific recommendation to any one individual. You must consult your own broker or investment adviser for investment advice. Controlling risk through the use of protective stops is essential

ES TRADE PLAN & EOD CHART FOR 09-17-2013










Trading of securities, options and futures may not be suitable for everyone and involves the risk of losing part or all of your money. Commentaries are educational in nature and are designed to contribute to your general understanding of financial markets and technical analysis. Use it how you want and at your own risk. I am not a registered investment adviser. This information is a general publication that reflects my opinion and is not a specific recommendation to any one individual. You must consult your own broker or investment adviser for investment advice. Controlling risk through the use of protective stops is essential

Sunday, September 15, 2013

SPREAD SHEET OF TRADES POSTED ON TWITTER

Below you will find two separate spread sheets. One that ended in early June of this year and a new one that started on Aug 30 of this year.  The intent of both spread sheets was to give a reasonable look at what consistent high odds trading can look like on a per contract traded basis.  Unfortunately I had a family member become very ill shortly after I started this blog in April and by June I was simply too slammed in my personal life to keep up with this public spreadsheet despite keeping the tracking down to the first trade of the day.  The new spread sheet starts on August 30 2013 and is a simplified version of my personal spread sheets.  The purpose again is to simply show what a high odds strategy well executed can look like on a per contract basis.  I will keep refining the spread sheet to keep it as simple as possible. This is a first run.  

As you can probably tell,  I am terrible at building spread sheets, but the trades should match all the tweets I have put out on Stock Twits.  Importantly,  I do not call all my trades publicly.  Most of my trades are for my benefit or the benefit of my coaching clients.  The results are not audited. In addition,  I would strongly caution against following me or anyone else blindly.  Having an understanding of an overall strategy is KEY to being successful if your following someone else and its preferable hat you have a trading method that you make your own.  That is the goal I have with every trader I coach.  The purpose is to guide down a path,  not to direct every step.  The path should lead to trading and financial independence, not dependence. These trades do fall in line with my basic premise of building a trading account & ultimately-personal wealth.  

1) all you need is 1 or 2 trades a day to build an account

2) you must have an identifiable edge and a strategy to exploit that edge. The strategy should encompass both capital management & structured exits. 

3)  you must have a  viable plan in place to increase trade size in a meaningful way as you successfully exploit your edge. The plan should be written and have safety valve for reducing size if and when performance falls below key metrics. 

4) What ever your edge and your rules surrounding that edge,  the trade and its perimeters should match your personality.  

That is it,  I am simply trying to show that consistency is available to anyone who wants it and is willing to put in the work. I am not rocket scientist and I am not the smartest guy in the room-far from it.  I am just a guy who has come to believe in wash, rinse, repeat.  Anyone can do it.   Please feel free to hit me with any questions you have.  Have a great day. 


NEW SPREAD SHEET


LINK TO NEW SPREAD SHEET:  https://docs.google.com/spreadsheet/ccc?key=0Ap5hOyO4ONQLdFpGTWh6UHkwaE5XaFF0QmQzMEZEeUE&usp=sharing





OLD SPREAD SHEET 



LINK:  https://docs.google.com/spreadsheet/ccc?key=0Ap5hOyO4ONQLdEh4blB3aU81Smk0a1VBVFZZRnVqb2c&usp=sharing


Trading of securities, options and futures may not be suitable for everyone and involves the risk of losing part or all of your money. Commentaries are educational in nature and are designed to contribute to your general understanding of financial markets and technical analysis. Use it how you want and at your own risk. I am not a registered investment adviser. This information is a general publication that reflects my opinion and is not a specific recommendation to any one individual. You must consult your own broker or investment adviser for investment advice. Controlling risk through the use of protective stops is essential

Saturday, September 14, 2013

ES & NQ TRADE REVIEW FOR 09-13-2013









Trading of securities, options and futures may not be suitable for everyone and involves the risk of losing part or all of your money. Commentaries are educational in nature and are designed to contribute to your general understanding of financial markets and technical analysis. Use it how you want and at your own risk. I am not a registered investment adviser. This information is a general publication that reflects my opinion and is not a specific recommendation to any one individual. You must consult your own broker or investment adviser for investment advice. Controlling risk through the use of protective stops is essential

Thursday, September 12, 2013

ES VIDEO TRADE REVIEW FOR 09-12-2013



Bravery is believing in yourself, and that thing nobody can teach you.


PRE MARKET VIDEO:











I am currently offering 3 coaching session for an introductory price of $200 for traders who are new/struggling/or simply looking to increase current performnce. I am serious about helping traders move from struggling to consistent. I have done this for many traders. I can help you do it too. You can email me at TRADENPERFORM@GMAIL.COM Testimonials can be found here: http://traderperformcoaching.blogspot.com/p/testamonials.html




Trading of securities, options and futures may not be suitable for everyone and involves the risk of losing part or all of your money. Commentaries are educational in nature and are designed to contribute to your general understanding of financial markets and technical analysis. Use it how you want and at your own risk. I am not a registered investment adviser. This information is a general publication that reflects my opinion and is not a specific recommendation to any one individual. You must consult your own broker or investment adviser for investment advice. Controlling risk through the use of protective stops is essential


Wednesday, September 11, 2013

ES VIDEO TRADE REVIEW 09-11-2013


Todays pre market prep video: 


TODAYS TRADE REVIEW





I am currently offering 3 coaching session for an introductory price of $200 for traders who are new/struggling/or simply looking to increase current performnce.  I am serious about helping traders move from struggling to consistent. I have done this for many traders. I can help you do it too.  You can email me at TRADENPERFORM@GMAIL.COM Testimonials can be found here:  http://traderperformcoaching.blogspot.com/p/testamonials.html




Trading of securities, options and futures may not be suitable for everyone and involves the risk of losing part or all of your money. Commentaries are educational in nature and are designed to contribute to your general understanding of financial markets and technical analysis. Use it how you want and at your own risk. I am not a registered investment adviser. This information is a general publication that reflects my opinion and is not a specific recommendation to any one individual. You must consult your own broker or investment adviser for investment advice. Controlling risk through the use of protective stops is essential




Tuesday, September 10, 2013

ES VIDEO TR REVIEW FOR 09-10-2013









I am currently offering 3 coaching session for an introductory price of $200 for traders who are new/struggling/or simply looking to increase current performnce.  I am serious about helping traders move from struggling to consistent. I have done this for many traders. I can help you do it too.  You can email me at TRADENPERFORM@GMAIL.COM Testimonials can be found here:  http://traderperformcoaching.blogspot.com/p/testamonials.html




Trading of securities, options and futures may not be suitable for everyone and involves the risk of losing part or all of your money. Commentaries are educational in nature and are designed to contribute to your general understanding of financial markets and technical analysis. Use it how you want and at your own risk. I am not a registered investment adviser. This information is a general publication that reflects my opinion and is not a specific recommendation to any one individual. You must consult your own broker or investment adviser for investment advice. Controlling risk through the use of protective stops is essential



PRE MARKET VIDEO NOTES FOR CLIENTS FOR 09-10-2013

TODAYS PRE MARKET VIDEO NOTES


I am currently offering 3 coaching session for an introductory price of $200 for traders who are new/struggling/or simply looking to increase current performnce.  I am serious about helping traders move from struggling to consistent. I have done this for many traders. I can help you do it too.  You can email me at TRADENPERFORM@GMAIL.COM Testimonials can be found here:  http://traderperformcoaching.blogspot.com/p/testamonials.html




Trading of securities, options and futures may not be suitable for everyone and involves the risk of losing part or all of your money. Commentaries are educational in nature and are designed to contribute to your general understanding of financial markets and technical analysis. Use it how you want and at your own risk. I am not a registered investment adviser. This information is a general publication that reflects my opinion and is not a specific recommendation to any one individual. You must consult your own broker or investment adviser for investment advice. Controlling risk through the use of protective stops is essential

Monday, September 9, 2013

VIDEO TRADE REVIEW 09-09-2013 INSIGHT FROM PRE OPEN TO CLOSE.







I am currently offering 3 coaching session for an introductory price of $200 for traders who are new/struggling/or simply looking to increase current performnce.  I am serious about helping traders move from struggling to consistent. I have done this for many traders. I can help you do it too.  You can email me at TRADENPERFORM@GMAIL.COM Testimonials can be found here:  http://traderperformcoaching.blogspot.com/p/testamonials.html




Trading of securities, options and futures may not be suitable for everyone and involves the risk of losing part or all of your money. Commentaries are educational in nature and are designed to contribute to your general understanding of financial markets and technical analysis. Use it how you want and at your own risk. I am not a registered investment adviser. This information is a general publication that reflects my opinion and is not a specific recommendation to any one individual. You must consult your own broker or investment adviser for investment advice. Controlling risk through the use of protective stops is essential

Pre Market Prep Video for Coaching Clients 09-09-2013

Today's Pre Market Outlook for ES: 


I am currently offering 3 coaching session for an introductory price of $200 for traders who are new/struggling/or simply looking to increase current performnce.  I am serious about helping traders move from struggling to consistent. I have done this for many traders. I can help you do it too.  You can email me at TRADENPERFORM@GMAIL.COM Testimonials can be found here:  http://traderperformcoaching.blogspot.com/p/testamonials.html




Trading of securities, options and futures may not be suitable for everyone and involves the risk of losing part or all of your money. Commentaries are educational in nature and are designed to contribute to your general understanding of financial markets and technical analysis. Use it how you want and at your own risk. I am not a registered investment adviser. This information is a general publication that reflects my opinion and is not a specific recommendation to any one individual. You must consult your own broker or investment adviser for investment advice. Controlling risk through the use of protective stops is essential

Saturday, September 7, 2013

VIDEO TRADE REVIEW FOR 09-06-2013









I am currently offering 3 coaching session for an introductory price of $200 for traders who are new/struggling/or simply looking to increase current performnce.  I am serious about helping traders move from struggling to consistent. I have done this for many traders. I can help you do it too.  You can email me at TRADENPERFORM@GMAIL.COM Testimonials can be found here:  http://traderperformcoaching.blogspot.com/p/testamonials.html




Trading of securities, options and futures may not be suitable for everyone and involves the risk of losing part or all of your money. Commentaries are educational in nature and are designed to contribute to your general understanding of financial markets and technical analysis. Use it how you want and at your own risk. I am not a registered investment adviser. This information is a general publication that reflects my opinion and is not a specific recommendation to any one individual. You must consult your own broker or investment adviser for investment advice. Controlling risk through the use of protective stops is essential

Trade Review for 09-05-2013

There was not alot to review for today.  In the premarket video I was calling for balance and that is exactly what we got in untradeable amounts.  I had one trade on the day for 2 points.   There simply was not alot to do & I do not force trades.  I hope everyone had a great day. 

Simon





I am currently offering 3 coaching session for an introductory price of $200 for traders who are new/struggling/or simply looking to increase current performnce.  I am serious about helping traders move from struggling to consistent. I have done this for many traders. I can help you do it too.  You can email me at TRADENPERFORM@GMAIL.COM Testimonials can be found here:  http://traderperformcoaching.blogspot.com/p/testamonials.html




Trading of securities, options and futures may not be suitable for everyone and involves the risk of losing part or all of your money. Commentaries are educational in nature and are designed to contribute to your general understanding of financial markets and technical analysis. Use it how you want and at your own risk. I am not a registered investment adviser. This information is a general publication that reflects my opinion and is not a specific recommendation to any one individual. You must consult your own broker or investment adviser for investment advice. Controlling risk through the use of protective stops is essential