Advanced Stock Options Daytrading with Chart Pattern Trading

The speed of information in Live trading is faster. In Replay we master the principles. In Live, we see more details and that might be too fast at first. Here's what to do.

Moving from Novice to Expert is a graduated process. Need to learn steps in an order that builds on the previous knowledge. The Replay tool is great for principles and practice. To keep it manageable level of learning, some parts of Live trading are left aside until the principles are mastered. Then we can adapt to faster data, the specific Option contract details, etc.

[See this as a five year plan. Patience. No rush and fail.] (excel sheet has lower failure rate... if failure rate is higher... looks like this.) e.g. Rule 72.

What are the differences that makes one trader get paid, and another not get paid?

The system is a trading platform. That helps making getting into and out of a trade very quick if you want that speed. This lecture guides you through the steps to make it perform the way you like.

How to set up Waves of Profit Buy/Close settings.

Allen shows you how quickly your trades are executed using the Buy/Close function in Waves of Profit.

This lecture shows the steps needed to integrate the software with an IB Advisor account. Just a couple easy things to do are shown here.

Being emotional compromised is a risk to our results. We might think we're "ok" to trade but if we're not 100% present and focused, we will lose money. Make sure that you have no emotional distractions.

Do you know what works for you? There are an infinite number of indicators that you can have on your screen. There are an infinite number of Windows you can have open. There are multiple screens that you can have. Allen shares why you can have too much and how that negatively impacts your trading.

When traders start they might do well for a while, but then start to lose money. Here's why and what you can do about it.

What happens to us after a bad trade? With Steven W. How to circumvent the emotional turmoil that occurs after a bad trade. How to set up your mindset for success.

Day Trading comes with a faster pace than investing and with bigger rewards. What can we use from other fields similar to Day Trading? Don't hold on too tight: Top Gun movie had scenes about "losing the edge". How to make sure you don't lose your edge.

Reducing some bad habits that cost money. With Steve W, becoming a more evolved human. This was also in the Mindset course.

What do seasoned traders know? What do they integrate into their trading habits.

It's a business. Model your business after the necessary things a successful business does. A few good points that prevents big unnecessary expenses.

Many traders get into a trade late because they are looking for comfort or assurance. This looks at that topic from another perspective.

There is a right time to enter a trade. Everything else is not the best time. Many people hesitate and get in too late. This lecture should fix that forever, if you follow the wisdom herein.

Doing well for a while and then drift off the things that work. Habit of watching the videos again. Written rules.  See the trade rules on different stocks (different conditions). Why shouldn't I get that one?

Reviewing a Live trade by successful trader. Walk through what he was thinking (part of his normal process for making money).

Example of a strong day in the market and profit reached in 90 seconds. Discussion about when to place your stop / exit order. Personal choice applies here.

With coach Murray and how to find trades using the list and the markers on the chart. Specific rules.

The Lists have an outline. You can change it. There are improvements based on feedback.

Need to know if the market is moving mostly in the same direction. Affects success probability and also if we can trade against the market (if the market is weak and our stock is strong).

How to catch bigger runs using one extra indicator for that specific time. You must practice this significantly because its not like normal trading we teach to get you started. You will still need other indicators like EA. It can be used on any stock.

Clarifying a couple points about the SPY Trader strategy. The basket is powerful unless you sabotage it as explained.

Some support markers are available to help follow the rules for the "Bigger Trades" lecture.

There are many trading ideas. Let's look at one of the better ones and the alternatives.

Sometimes it's unclear if we should ride out the "flutter" or leave the trade. This shows a simple helpful indicator.

Learning Chart Patterns can assist you in getting a feel for the market. See the patterns we like best.

Some traders succeed and others don't for a long time. What's the "magic"? The software does alot of the work. You need to use your supercomputer (you natural abilities) to do the rest. The feeling of this being good or not exists in all industries. Trading, business, sports. Getting "the feel" (the art) puts the final piece in place. Takes the practice so the supercomputer of the human has what it needs to determine "this is good" or not.

Live in Cancun, Murray leads the group in Exit Filter Rules Creation.

Live in Cancun, Murray leads the group in Exit Filter Rules Creation.

Follow Master Trader, Steven Wright, as he prepares for the Market to open.

Moiel Steven as he talks you thru the first hour the market opens.

Is there opportunity today or is it time to get out the roller blades?