DayTradeToWin Reviews

As a day trader, what should you do when the markets close early due to very high volatility? Well, not trade because you can’t. There are multiple levels, or “triggers,” with responses:

Level 1: triggered when S&P falls 7%, trading halt for 15 min.
Level 2: triggered when S&P drops 13%, trading halt (again) for 15 min.
Level 3: triggered when S&P drops 20%, trading stops for the day.

Back in 1987, a the Dow crashed 22.6% in a single day. Regularly, we have seen similar crashes.

As demonstrated in the video, it’s still very possible to trade these conditions via the Trade Scalper and Atlas Line. Note that with the Trade Scalper, you may want to use a 1-Min chart instead of a 2-Range. The 2-Range may simply move too fast to get a sense of what’s going on and what ATM Strategy (predefined profit target and stop loss) you should apply.

How long will the markets behave erratically? There’s talk of eventually switching to a gold or silver standard in order to replace a long-corrupted fiat financial system with corrupt global controllers. If this is true, the situation would need delicate handling and stimulus money in the hands of citizens to help recover from livelihood damage/costs. There is also talk of standardizing an official U.S. form of cryptocurrency. Of course, these may simply be wild ideas and we may simply go back to our traditional forms of currency once the virus is deemed non-threatening. What do you think?

If you trade the E-mini S&P 500 or any market on CME Globex, you should take a look at their 2020 calendar. On or around certain holidays, markets can close prematurely. You probably don’t want to have an open position at the time of a halt. Also, the markets may experience increased volatility or a lack thereof. Yes, uncommon volatility often surrounds trading holidays. Below, we note early or full daily closures for listed CME Group equity index product holidays.

Dr. Martin Luther King, Jr. Day
Jan. 20, 2020: HALT @ 1 p.m. ET

President’s Day
Feb. 17, 2020: HALT @ 1 p.m. ET

Good Friday
Apr. 10, 2020: CLOSED

Memorial Day
May 25, 2020: HALT @ 1 p.m. ET

Independence Day
Jul. 4, 2020: CLOSE @ 1 p.m. ET

Labor Day
Sep. 7, 2020: HALT @ 1 p.m. ET

Thanksgiving
Nov. 26, 2020: HALT @ 1 p.m. ET

Christmas
Dec. 24, 2020: CLOSE @ 1:15 p.m. ET
Dec. 25, 2020: CLOSED

New Year’s
Jan. 1, 2021: CLOSED

Do you know the differences among the various order types commonly used in day trading? Do you know when it’s better to use a stop limit order as compared to a market order? Don’t worry – many traders don’t know the differences. Good news – we have a video for you that explains all of the common order types and when to use them. You may find that MIT orders, for example, reduce risk based on your style of trading.

Depending on your trading platform, most if not all of these order types should be available. Choose what works best whether buying or selling. If you’re one of those traders who are content just placing plain old market orders, you can definitely learn a few tricks from this video.

We place orders using the NinjaTrader SuperDOM. You could use ChartTrader, but our opinion is that it limits features. The SuperDOM represents a number of prices. The current price appears in yellow. You’ll see the buyers and sellers for each price providing your data feed provides something called Level 2 market data. The market should seek a balance among buyers and sellers.

Sometimes, you’ll want to enter a trade (aka place an order) a certain price “or better.” The “or better” means a more favorable price. If your selling the market, or “going short,” your trading indicator or strategy may advise getting into a position when price reaches a specific value. Using the right order type along with an ATM Strategy is a great way to make trading happen seamlessly. In case you don’t know, an ATM Strategy is simply a preconfigured stop loss and profit target. Yes, more stuff can be configured, but we generally create a few of these to switch between in the heat of the moment (when a signal has just fired off the Atlas Line, Trade Scalper, etc.).

Have you skipped the webinar video of live trading? Most traders are sitting in and watching in real-time the signals occur. John Paul goes into the details and answers the audience’s questions. Watch below the replay. The presentation starts with a general description of the markets provided by John Paul.

So, if you missed the live webinar video, here is your chance to review the trades taken, the questions and answers are given, and the webinar’s explanations for each trade were over an hour and broken down into three parts.

Here are the covered for part 1: Types of orders, Phantom orders, Live Trade Scalper orders, Questions, and answers. While, for part 2: Order types, Phantom orders, Atlas Line Live Trade, Trade Scalper Live Trades Taken, Filtering Trades, Q & A

If you want to know more, you can watch the video here: http://daytradetowin.com/blog/ Moreover, for tutorials about the day trading visit us here: https://daytradetowin.org/tutorials/

A new group mentorship is starting soon! Check the official DayTradeToWin.com website for details such as the start date and time. Eight weeks of live training will teach you all you need to know in order to trade futures and currencies successfully. For complete, non-expiring licenses, all courses and applications are included. This new session has twice-weekly classes.

We expect to quickly fill up this new session. Reserving your seat as soon as possible is a good idea.

Click here to make a deposit of $500 for the new group mentorship class. This deposit will protect your seat and provide you with the materials of the first week in advance. You will be able to receive NinjaTrader’s ATO 2 course and software immediately!

See the students ‘ real reviews of the Mentorship Program. Visit our page to keep updated.