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

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

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

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

ES & NQ TRADE REVIEW FOR 09-13-2013

Winning isn't everything, but it beats anything in second place.

William C. Bryant

PRE MKT PREP VIDEOS:
http://screencast.com/t/G7eipLXzvcd

http://screencast.com/t/faAJAz1xg

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 VIDEO TRADE REVIEW FOR 09-12-2013

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

El Cordobes

PRE MARKET VIDEO:

http://screencast.com/t/wmLlz0Tl5EvQ

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