DayTradeToWin Reviews – Page 3 of 16 – Learn how to day trade with free day trading strategies

Futures Trading Hours & Platforms

Futures trading platforms are a dime a dozen. There is no need to list them all because Googling them yourself will provide sufficient results. NinjaTrader is one of the leading platforms because it provides useful features right after the installation. The main drawback is that it does not come with real-time data, so you will have to get a free data feed and apply it yourself. The support team at DayTradeToWin.com can point you in the right direction or you can fill out the form on the NinjaTrader website.

The trading strategies shown in the above video demonstrate indicator use across various futures trading hours but with the same trading platform, NinjaTrader.

Another thing that’s really important is understanding futures trading hours. The most popular futures market is the E-mini S&P 500. We consider the “open” to be 9:30 a.m. US/Eastern. The best time to trade is to about noon, US/Eastern, though there are plenty of good trades to be had after that and even during the evening. Indeed, futures trading hours are expansive, and one could be lured into trading nearly 24/7. A quick visit to the CME Group website shows that futures trading hours differ among all sorts of markets. By the way, CME Group often call markets “products” whereas NinjaTrader platform refers to markets as “instruments.”

The E-mini S&P 500 futures trading hours are Sunday through Friday, from 6 p.m. to 5 p.m. EDT. There’s a halt between 4:15 p.m. and 4:30 p.m. EDT. That “backwards” timing can be confusing, so think of it like this: Sunday often isn’t worth trading. Therefore, consider trading Monday through Friday. During those five days, note the market will first halt for 15 minutes between 4:15 p.m. to 4:30 p.m. EDT. Then you have a half-hour to trade. Then the E-mini will close for an hour from 5 p.m. to 6 p.m. EDT. The market reopens at 6 p.m. and remains open throughout the evening.

Breaking Day Trading Rules Using Price Action

Classic books on day trading often advise conservative approaches. If your profit target and stop loss have a ratio of 1:1, then it’s quite possible regular market fluctuations will trigger a premature exit. If your stop loss is considerably less than your profit target, an early exit, even if a small loss, may be increased. Multiple stop losses for small amounts do add up. In addition, you will have to pay brokerage fees per contract, per trade. It may be better break those “day trading rules” and go with a strategy that’s more flexible for today’s markets, such as the Atlas Line, Trade Scalper, or ATO 2.

You should test the rules that you plan to trade by. One way to accomplish this is to use Market Replay. Market Replay lets you play back market data as though it’s occurring real-time. It is ideal for people who are occupied at ideal trading times. NinjaTrader 8’s Playback Connection lets you pause, rewind, and fast-forward playback. You can download data for specific days. Playback begins at midnight. Drag the slider to the time you want to start practicing. Note that you will have to wait for all of the price history to plot on the chart, which can take several minutes in some cases based on the speed of your computer.

See if you’re following trading rules and keep track of your performance with the Playback101 account and the Trade Performance area of NinjaTrader 8. You’ll want to see greater overall profits than losses. Test for multiple weeks and months. Markets and price action can by cyclical; some days and weeks will perform better than others. NinjaTrader provides $100,000 of “play money” by default. You can reset the Playback101 or Sim101 account whenever desired. Also, the $100,000 can be reduced to an amount such as $4,000, which is far more realistic for futures trading.

Day Trading for Fun & Profit

Firstly, we must say that no profit or guarantees are being alleged, here. Trading of any kind involves a certain level of risk. Not everyone is ready for trading. You should consult a professional financial advisor and possibly even a broker to determine if trading is right for you. Just because a trading system was 100% successful in the past does not mean it will be successful in the future. Read all the disclaimers on the trading websites and materials you come across.

With that said, believe it or not, day trading can be fun. There is probably no other “profession” that one can do at home that can potentially produce big profits in short periods of time. Sure, you could be a CEO of a company and watch big sales role in based on the hustling of your employees. But that’s not the same as looking at charts, bringing up your various trading indicators and systems, quickly analyzing the market to determine if a trade is present, and then executing if you feel it’s the right time to place a trade. There’s something great about the freedom and low-overhead of controlling your own participation in the markets.

From DayTradeToWin’s many online seminars, we’ve seen many demonstrations of “being your own boss” by trading the markets. For years, the underlying techniques have remained solid. The ATR (Average True Range) is often a tool to assess risk, whether the market is too volatile or how much profit to go for on a trade. We’ve seen the ATO 2, Atlas Line, and Trade Scalper give countless price action signals. We’ve even see profit potentials described. Now, perhaps more than ever, people want to be self-reliant. Some people opt for “side-hustles.” Whether that’s making soap and bringing it to a local farmer’s market to bring in an extra few bucks or crafting desks out of reclaimed wood. Other folks consider day trading using the computers and a small bit of software know-how they already have. If you’re going to jump into the markets, think if it

Day Trading Rules for Dummies

When it comes to trading, figuring out what works and what doesn’t can be a costly process. You could buy every day trading course and software that exists, spending hundreds of thousands of dollars, and be left with very few that are worth anything. From our experience, what works best is to focus on price itself. Yes, the main reason why charts exist is to show how price moved over time. By looking at this movement, patterns emerge. What group of candles commonly exists before a trend up or down? What unique candle types often occur before volatility increases? These are questions traders begin to ask themselves as they practice and learn the art of day trading. Stick to specific rules and avoid the “day trading for dummies” approach. You’re smarter than that!

What are the best day trading books? Well, books are often wide in scope. They teach standardized methods. If you could go to your local book store and jot down all of the trading techniques, there would be no reason to buy the book. Book authors probably wouldn’t want to share the techniques that actually work in some $40 or less book. If anything, you’d probably have to pay a few hundred dollars or more to make it worth the trader’s time to teach you anything of value and day trading rules that are specific to what’s going on in today’s markets. This is why day trading courses, such as those involving live training, may work out better for you.

Another problem with generic trading books for dummies is that they often do not consider the learning curve of the trading platform itself. For example, NinjaTrader is not going to be discussed in any useful detail in a dummies trading book. You’re going to need materials that go into depth. Each trading platform is different. On DayTradeToWin’s website, you can find a free Get Started Trading Guide that is written for new traders, or “dummies” as some may consider themselves to be.

Trading Strategy: Tops & Bottoms Recipe for Disaster?

Beginner and experienced traders like to identify areas of support and resistance, or recent highs and lows, by drawing horizontal lines on the chart that coincide with barriers where price did not cross. The idea is that price, again, will not want to tread beyond those lines/values for whatever reason.

High-frequency trading algorithms, which regular at-home traders are constantly up against, probably take into account these barriers and where price is “apprehensive” to penetrate. It’s also likely that these barriers are used to lure human traders in and then fake them out with a great degree of speed and precision.

What is a regular stay-at-home day trader to do? Well, it’s important to first recognize tops and bottoms. From there, you may want to avoid trading around them because it may be impossible to “know” when price will retrace or surpass with any significance.

This video discusses this topic. John Paul, founder of DayTradeToWin, approaches the temptation of bottom-and-top picking through his explanation of Yo-Yo Bars. He demonstrates how a 35+ min. period of stagnation is a problem. He prefers to use signals from his trading systems, namely the Atlas Line and Trade Scalper, to get an idea of when the market will move next and in what direction. Of course, these systems are not 100% accurate; no trading system is. It’s all about recognizing the risk involved with trading and making the best decision you can for your unique needs and goals, at any given moment.

You’ll notice how the Atlas Line’s Strength (S) and Pullback (P) trades mark areas where price is (was) expected to move significantly. The exact mechanics of those signals are only provided to customers in the included members-only video and live training. Yes, you’ll learn exactly what constitutes those price action signals. Conceptually, John Paul belives that multiple indicator or systems that indicate, “Here is a trade and here is the anticipated direction” is better than guessing, aka picking tops and bottoms or going by arbitrary interpretations of common indicators. Indeed, the focus of DayTradeToWin has been to “listen” to price and trade based on what price is saying, rather than following one’s own impulses.

Some traders will tell you that trading is a psychological game against the self. The temptation can be strong to place “one more trade” to make up for prior losses, win big enough to buy a new toy or pay that dated bill. Using price action objectively can remove the guesswork and over-trading, which are big obstacles for trading beginners and veterans alike.

NinjaTrader 8 Fix: Computer Clock Sync & Repair

If you’re a Windows user who happens to day trade using the NinjaTrader 8 trading platform, you should be aware that maintaining an accurate computer clock is really important. In fact, the indicators that you may be relying on could be less accurate due to an inaccurate Windows computer clock/time. Would you like to check right now to see if your computer clock is off? Visit https://time.is and you’ll see how bad it is. You see, a computer’s time will drift because the computer relies on a motherboard battery to maintain time when the computer is powered off. Normally, the Windows operating system should maintain accuracy, but that’s really not the case. Windows tends to allow for many seconds or minutes of inaccuracy to build over time. Therefore, it is up to you, the user/trader, to manually keep your computer clock accurate.

Yes, that means another computer maintenance task for you to do! However, you only need to do this once every two weeks. You could probably set something like this up using the Windows Task Scheduler, but why trust that when Windows fails to maintain accurate time in the first place? I don’t know about you, but I like to do things manually if automatic things fail me. So, in the following steps, you’ll learn how to go about creating a Desktop shortcut that you can use once every two weeks or so to put your computer time back on track.

Right-click your Windows Desktop and select the option to create a new shortcut.
For the destination/target, type in timedate.cpl. Continue to the next step and specify an arbitrary name, like Time Sync. Complete the steps and you’ll see a shortcut on your desktop.
Double-click the shortcut you just created. Go to the Internet Time tab. Click Change settings. Click Update now. Upon any failure, switch to the other time server and try updating again. Repeat until you see a success message. Close out the time windows and wait five minutes.
Verify your computer clock is accurate by visiting https://time.is.
Start NinjaTrader and feel more confident that you’re trading with an accurate computer clock.
Repeat every two weeks or as often as necessary.