I have always loved trading.

Technical Analysis, Tape Reading, and Analyzing Market Moving Events

To make money for myself and teach others who are interested in learning how to trade.

I want to consistently make money through proper initiations while managing the risk and the amount of money at risk. I enjoy trading more if my risk and amount of money in the trades are limited.

Day Trading Stocks, Options, Futures, Bitcoin ETFs.

When deciding my timeframe on a trade, I always look at multiple markets. I will trade whatever timeframe shows a good setup. I look for:

• 1-minute huge probability patterns;

• Short term “panic trades” 

• 15-minute trades with chart objectives

• End of the day trades

I focus on just a few high probability chart patterns for both short and long term trades:

• Head and Shoulders patterns

• Inverse Head and Shoulders patterns

• Bull and Bear flags

• A variation of the trend line trade, called a ledge trade

• The DOJI

• The Measuring Gap

Have 3 reasons to initiate a trade. If the reasons I initiated the trade become absent, then exit or at least tighten my stop.

• Try to size your trades in 2’s and 4’s. This way a trader can take profit on half, or three quarters.

• In money management, I like to sell half of a winning trade and let the other half run.

When buying a stock, I try to place my stops under recent support levels.

Read the news on CNN, CNBC, WSJ, NYT, Bloomberg and TheFlyOnThe Wall; and  built three different watch lists:

• Indexes and futures that are likely to influence my trading decisions

• Stocks that are in the news

• Stocks that are in my “main list” of stocks that I always watch

I look for stocks that have market breaking news before the next day’s opening or after the close.

I look for high probability setups.

• I like to use the MACD lines to see momentum changes and extremes.

• I use different variations of moving averages in different time frames.

• In addition to moving averages, I use the ATR Trailing Stop.

Since I started trading, I have watched hundreds of traders come and go. The most successful:

• Preparation. Most traders spend hours, before, during, and after the close, pouring over charts, reading news items, stock correlations, and other things that might give them an edge.

• Have 3 reasons to do a trade, but only one to exit a trade. 

• Care about direction, not price.  

• Have a short memory. So many traders complain about missing trades or losing trades, which bothers them so much, it affects their ability to make future correct trading decisions. I try to forget about past trades unless they help me hone my trading skills.

• Enjoy trading. 

• Don’t care how much other traders claim to have made. 

• Have no ego. I have often sold a stock at a loss, and then realizing my mistake, go back and buy the stock at a higher price than where I had sold it. 

• Are able to “tone out” distractions. With most trading from home, traders must treat trading as a business, and not be distracted during the day. Every day, I get dressed, and approach my trading desk as if it is in a public trading room. 

• Always know your exit point, when indicators and other factors determine that you are wrong.

• As seen when day trading, preparation is key.

• After identifying a trend, go to the short term chart, identify the pattern, and use indicators to time the entry.

• Try to position size in multiple’s of 2’s and 4’s.

• Try to let some of your position go to the maximum objective.