DayTradeToWin Reviews – Learn how to day trade with free day trading strategies

Advanced Trading Techniques & Tips for Beginners

Want to see recent Trade Scalper signals right away? Watch the first video, which is part of the “Advanced Techniques You Don’t Know” live webinar recording. Under normal E-mini S&P 500 market conditions, when the ATR (Average True Range) period value is set to four, the ATR should be between one and five points. If below one point, the market may be considered too slow. If above five points, the market may be too fast. Yes, it’s still possible to trade when markets are too fast. Take a look at other recent trading videos to see how that has been handled.

A 5-Minute chart is often preferred because it presents a nice picture of price action. Traders use 10, 15, 30, and 60-Minute charts frequently. Using a smaller time frame that divides these greater time frames evenly allows traders to spot opportunities potentially missed at larger scales. At times, John Paul will use a daily chart to check recent highs and lows. By placing a Fibonacci tool with three areas defined: 0%, 50%, and 100%, this allows the identification of the midpoint (at 50%). When price exceeds the 50%, that can be used as confirmation to look for long trades intraday. Traders can then use trading systems like the Atlas Line, Trade Scalper, and ATO 2 to look for long signals that further confirm the anticipated price direction.

If you are ever looking to measure distances or price between two points on the chart, use NinjaTrader 8’s ruler tool. Located in the drawing menu at the top of the chart (look for the pencil icon), the ruler is placed via three clicks. The first point or click defines the start. The next is the end point. And the last defines where the measurement is displayed (usually away from the candles). The ruler is easier than using the crosshair with mental math.

Have you ever been in a trade to have price suddenly take off in another direction against you? Such activity may be caused by news events. Traders should heed scheduled financial news. A number of websites exist that present such events. However, it may be easier for you to use the free trading news indicator offered by DayTradeToWin.com. The indicator plots news events scheduled for the current week. Note that on Fridays, you may see few, if any news events. The indicator tends to refresh itself on Sundays or Mondays. Keep in mind that major non-scheduled events can still impact market activity.

Overall, John Paul expects 2020 to be an up year for the E-mini S&P. Specifically, he provides a midpoint value of 2,782. With your own knowledge of trading risk and disclaimers, look for buying opportunities as presented in the video. Want to learn more? Enroll in the next eight-week Mentorship Program. All courses and software are included with Lifetime Licenses.

Tips to Avoid Big & Costly Trading Mistakes

One of the best things you can do to avoid failure and significant losses is to thoroughly practice trading over a large number of days. Take advantage of the paper trading (sim) account provided by your platform. Trade for thirty days or more so you experience a diverse set of conditions. Imagine that you’re trading with real money using a budget that is realistic for you.

In some platforms, like NinjaTrader, you can customize the total amount of “play money” you’re paper trading with. By default, NinjaTrader uses a default cash amount of $100,000 for its Sim101 practice account. You can reset this by going to the NinjaTrader Control Center > Click the Accounts tab (look at the bottom) > right-click the Sim101 account > Edit Account > modify or reset the account.

After you are done practicing for 30 days or more, consider generating a performance report. Do this via the NinjaTrader Control Center > New > Trading Performance > specify a date range for the report and click Generate. The fields will populate with your win/loss/performance data. Keep in mind that true live trading with real money can still differ, but this type of paper trading is about as close as you can get to the real thing without risking real money.

As you place trades, you’ll probably notice order text piling up near candles. This text is often obstructive. To remove the text, right-click the chart > Data Series > in the right panel, scroll all the way down to Plot executions and select the option to not plot. Click OK and all order text should be removed from the chart.

In video above, you’ll see a 2.5 point Trade Scalper winner. The Trade Scalper is one of the DayTradeToWin trading systems that focuses on scalping; a type of trading that uses a fast, in-and-out approach. A win of 2.5 points equates to $125 (before any broker or exchange fees) when trading with one futures contract. If you trade five contracts, for example, the win becomes $625. How is that computed? Well, each point of the E-mini is worth $50. Each tick is worth $12.50. Yes, there are four ticks in one point. Therefore, we can take the 2.5 points and divide that by .25 to determine the amount of ticks and then multiply that value by $12.50. This is $125. Multiply that by five and you’ll get the $625. Again, no broker or exchange fees are applied in this math.

From our experience, timing is crucial when applying day trading strategies. If you are too early or too late to place a trade, the market may have moved away. You may have to wait until conditions become more favorable or your system produces another signal. Most of the DayTradeToWin methods require action soon after a price action pattern occurs, which often ends with a closing candle/bar. As soon as that candle/bar closes, it’s time to place a trade according to the rules. This is where the ATR (Average True Range) comes into play. The ATR helps keep the risk level realistic compared to recent volatility. If the market is too slow, it doesn’t make sense to keep an open position for a long period of time in hopes that the market will awake and proceed in your favor. The inverse is also true (when markets are fast and tight profits or stops can get you out too early).

Another important idea is to avoid being greedy. It’s tempting to chase price into unknown territory in order to make up for the day’s losses. This is often a mistake. We have found it to be better to simply stop trading for the day after multiple losses occur. Some days are difficult to trade for a number of reasons and it’s not your fault. Check your finances. Consider looking for more opportunities in the future.

Learn a Free Price Action Trading Method

We share with you the following presentation showing two trading methods performing in real-time on a NinjaTrader chart. Multiple signals work together to confirm trades, thus leaving the trader with greater confidence. In this case, the Trade Scalper and Atlas Line are used. The Atlas Line is great at providing a long-term intraday prediction of price movement. Multiple trading signals are provided by the Atlas line as well. Additionally, the Trade Scalper is helpful by providing additional signals that can be confirmed in direction by the Atlas Line’s bias for Long (buy) or Short (sell) trades.

There are two main types of Atlas Line signals: Atlas Long/Short and Strength (S) and Pullback (P) signals. The regular Long and Short signals occur upon the second close of a candle above or below the Atlas Line. If above, a Long signal is produced. If below, a Short signal is produced. Regarding Strength and Pullback, those signals appear as small S and Ps above corresponding candles. Don’t get confused with the S&P aspect of the market being traded.

At about 2:45 in the video, take a look at the At the Open 2 (ATO 2) trading method. The ATO 2 focuses on finding winning signals soon after the E-mini S&P 500 opens. Like other trading systems, the ATR (Average True Range) is used to calculate risk. Using a period value of four, the last four bars are used to determine real-time conditions. If the market is fast, larger profit targets and stop losses will be used. Under tighter conditions, lower profit targets and stops are used. This makes trading adaptable. Price fluctuates constantly and you probably wouldn’t want to exit a trade prematurely if price hit a stop loss that was too tight. Inversely, a very large stop loss hit means a loss, so use stop losses that are within a reasonable range. This is what we teach in the course and included live training for all strategies.

Tune in around 6:15, as that’s when the free trading method known as the ABC Method is taught. John Paul spends nearly 20 minutes explaining how to break up the day into three periods: A, B, and C. The method focuses on finding breakouts in the proceeding period based on the prior period’s highest high and lowest low. The rules of which are explained in detail. The DayTradeToWin.com website does provide an automated version of the ABC Method in the form of an indicator: the signals are automatically provided to you. This ABC Method indicator is included with the ATO 2 method as well as the eight-week Mentorship Program.

Day Trading: Alternative Stay-At-Home Income Option?

This video is a recording of a recent live webinar conducted by John Paul of DayTradeToWin.com. In the presentation, he shares trading signals from his indicators; particularly the Atlas Line and Trade Scalper.

If you’re new to the idea of trading, the overall concept is rather simple: by installing special trading software on your home computer, you can see markets move. You can then use special tools to hopefully predict where price will head next. If you are correct and predict that price moves up and it does indeed move up after some time, it’s possible that you can make money. The inverse is also true, at least with futures markets: it’s possible to make money by predicting price will fall. Obviously, there’s more to it than that. One goal of DayTradeToWin.com is to make getting into trading as easy as possible. In fact, the free NinjaTrader 8 video tutorial is a great first-stop on your exploration into day trading. With the time and right mindset, you could start trading in a relatively short period of time. It’s possible to learn and practice the trading software/platform basics within a day or two, then learn a trading method like the ATO 2, Trade Scalper, Atlas Line, or even participate in the eight-week Mentorship Program.

There are many notable moments in the above video. For example, at 2:00 min., you can see recent Trade Scalper signals. At 6:15, you’ll learn how to download a free News Indicator for NinjaTrader 8. At around 22:00, you’ll be able to review recent Atlas Line performance. At 39:00, you’ll learn some important trade management concepts.

Keep in mind, this video was a public demonstration and discussion of the more private trading methods sold on the DayTradeToWin.com website. If you’re serious about day trading, the best option is the eight-week training class known as Mentorship.

How Do You Scalp the E-mini?

Scalp trading is a technique that focuses on fast, in and out trades. By scalping, you can potentially have many small profitable trades instead of risking an open position for a longer period. The shortfall of scalping can be sudden volatility that may prematurely hit a stop loss. However, the Trade Scalper method from DayTradeToWin has stood the test of time. The trading strategy can be used on 1-Minute or 2-Range charts. The real-time signals will tell you when and how to place a trade. A Long signal is a buying opportunity. A Short signal is a selling opportunity. The accompanying course and video teach you the method in full.

Look at those three points of profit! Twice! In the past, when markets were less volatile, a profit target of three or so ticks for the E-mini was the average. As seen here, the volatility has given us the opportunity to go for much greater. Some would not call this scalping, but we still do, as the profit target and stop loss is dynamic. In other words, we base our risk on what the markets reasonably “allow” us at the given moment. It’s a mechanical approach to manage risk and keep things sane.

The Trade Scalper is a trading indicator accessible to those who pay for it. That’s for good reason. The method should stay in the hands of serious traders who respect its value. The price tag of $597 or so can be made up with a few trades. Of course, there are no guarantees of winning trades. At this time, many people are looking for alternative income streams. Trading from home has never been more ideal, but do your research and make a wise decision based on your finances as well as immediate and long-term planning. All the best!

2 Price Action Trading System Signals

Many winning trades occur in this video. See how the Trade Scalper produces the Long and Short signals automatically? Jump to 1:54. Once you install the Trade Scalper indicator, you’ll see similar signals. Follow the rules that are taught in the video and you’ll see some winners! Of course, no winning trades can be guaranteed due to industry regulations.

You’ll also see Atlas Line signals. The same sort of idea applies: Long indicates buy opportunities and Short indicates sell opportunities. What’s the difference between the Atlas Line and Trade Scalper? The Atlas Line has fewer, but larger trades. The Trade Scalper has more, but smaller trades. Also, the entire rule set for finding trades differs. Both include training videos so you’ll know how to trade.

With the Trade Scalper, you can use either a 1-Minute chart (for faster conditions) or a 2-Range chart (for slower conditions). Try both and see what you like more. At 3:28 in the video, you will see a full display of recent Trade Scalper signals. We use the ATR (Average True Range) to determine the profit target. Note that the ATR is ineffective for the 2-Range chart. In that case, you’ll learn another technique for determining a realistic profit target and stop loss value. In a 2-Range chart, each candle or bar is composed of two ticks regardless of how long it takes for two ticks of price activity to occur. 2-Range charts download a fair amount of historical data, so we recommend keeping the “days to load” setting at the default value of three. We also use the value of three when using tick charts for the other scalping method, Price Action Scalping, that is part of the eight-week Mentorship Program.