DayTradeToWin Reviews

Learn how to day trade with free day trading strategies

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.

Trading Circuit Breaker S&P E-mini Conditions

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?

How Do You Day Trade Under Volatile Conditions?

As experienced traders know, markets can become too volatile to trade. Conversely, markets can be too slow and have no direction. We like when markets have some direction, as this allows profit target to be reached. The thing is, you need a reliable trading system. In this video, the Atlas Line trading software is used to trade the MES (Micro E-mini).

Want to see a full day’s worth of price action signals? Jump to 3:27 in the video. In addition to the regular Long and Short signals, the Atlas Line produces Strength (S) and Pullback (P) signals. These present other opportunities. When the markets are volatile, you may want to avoid these smaller signals and use the main signals instead. The Atlas Line itself is the diagonal, dashed line on the chart. It begins plotting early in the day and continues to extend throughout. When price closes twice above or below the line, a Long or Short signal will appear. This is when you use your SuperDOM or Chart Trader to place a trade. The full rules are explained in the training video you get with purchase as well as a live training session.

If you prefer to learn all of the DayTradeToWin trading methods, enroll in the eight-week Mentorship Program. The curriculum is designed to take traders of all skill levels through an educational journey. By the end of the program, you should have a full go-to plan for handling the markets daily.

2020 Day Trading Calendar Events

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

NinjaTrader 8 Video Instruction Guide for Beginners

Learning how to day trade isn’t easy. The first thing you have to learn is how to operate the trading software that you’ll use to place trades. For that, we use software called NinjaTrader. We use the eighth (8) version, which is the latest and greatest. You can download it on the NinjaTrader website and sign up for a special written guide here. The video below will walk you through all the basic steps, from installation to placing your first (simulated) trade.

When you first download NinjaTrader, you’ll get a traditional setup executable program. Proceed with the default installation steps unless you want to make a few customizations. Next, you’ll notice there are two icons on your Windows Desktop: NinjaTrader 32-bit and NinjaTrader 64-bit. You’ll probably want to use the 64-bit version unless you have a really old computer. The 64-bit version takes advantage of additional computer resources available on more modern computers. Feel free to delete the 32-bit NinjaTrader icon if the 64-bit version works for you.

Once NinjaTrader loads up for the first time, you’ll see a screen that asks for connection information. Essentially, it’s asking you to plug in a data feed. A data feed is how you get live market (price) data into NinjaTrader. NinjaTrader does not come with live data by default, so you must use another source, such as a free live data feed or a data feed from a broker account that you set up (which probably won’t be the case for a while). Later in the video, you’ll see how to set up a free live data feed. This free data feed will allow you to practice futures trading. This is about as close as you can get to practicing with real money. NinjaTrader gives you a ton of “play” or “simulated” money to work with. You use the internal, practice Sim101 account to place your simulated trades. After a while, you can see how you’re doing in terms of profit and loss by generating a report. That’s covered toward the end of the video.

One of the main focuses is opening a chart and navigating charts. You need to be able to see and understand the visual representation of price data over time. That’s what a chart is. The candles represent price activity, or price action, over a period of time. There are many ways to express or understand price data and movement – yes, many types of charts exist. In the beginning, you’ll probably want to use a 5-Minute chart type. It’s the long-standing chart type that has been used at DayTradeToWin.

Much more could be said. Really, you’re better off watching the video. It’s a great update to a NinjaTrader 8 training video that DayTradeToWin produced a couple of years ago. Good trading!