DayTradeToWin Reviews

Learn how to day trade with free day trading strategies

Let Price Action Tell You Where the Trades Are

Trading using price action trading methods means to listen to what price is telling you. Nothing else matters.

When using the ATR (Average True Range) to determine your profit target (profit goal) and stop loss (maximum risk) on each trade, you’re allowing price to do the work for you. That’s why we use the ATR so much; we want to be adaptable based on what the market can reasonably provide in a given moment. Traders who used fixed values often find themselves getting stopped out prematurely or going for larger profit targets greater than current conditions reasonably allow. One is a conservative approach; the other is greedy. Get it? It’s best to use reason and use recent volatility levels determine the profit goal and max risk.

In the video, the ATR is the yellow squiggly line on the bottom of the chart. A period value of four is used. This means the average value of the most recent four bars is plotted on the right side in text. That value vertically aligns with the right tip of the squiggly ATR line. As each new candle closes, the ATR considers the new candle among the previous three. This occurs repeatedly. Hopefully this makes sense!

Now, when you’re using signal systems such as those in the trading video above, you have to use a profit target and risk approach that matches the style of those systems. For example, the Trade Scalper scalps. Scalping is fast, in-and-out trading, with many trades throughout the day for small wins. As such, you would not use a large profit target when the goal is a small win. Depending on market conditions and the chart type in use, you could go for three ticks to about a point maximum.

With the Atlas Line, the trades are fewer but the profit targets are greater. That’s ideal for traders who want to trade less often, but when they do, go for bigger trades. This helps save on broker commissions that can eat up a fair portion of smaller scalp wins.

Both day tradings systems serve their respective purposes and can help one another. The Atlas Line can filter the Trade Scalper’s signals via you, the human observer/trader, determining if both are recommending long trades, for instance.

Micro E-minis May Be a Better Fit For You

When trading the E-mini, both profits and losses can add up quickly. That may be too fast for some who prefer to get a taste of real-money trading without risking too much too early. Well, have you considered trading the MES? The MES is the “micro” version of the regular ES. MES trading values are 1/10th of the ES. Instead of the ES’s $12.50 per tick, you’re trading $1.25 per tick with the MES. As such, broker funding requirements are typically far less. In fact, Micro trading accounts can be funded with as little as $400. That amount still may be less than ideal, as one should have more of a buffer in case of consecutive losses. The video below explains quite a bit.

Other micros exist: M2K (Russell), MNQ (Nasdaq), and MYM (Dow). See the pattern? Add the letter M in front of the regular NinjaTrader instrument abbreviation and then you have the Micro version. Opening up an MES chart is easy, though micros are not a part of the typical futures drop-down list within various NinjaTrader screens.

Because you will be trading without as much financial consequence, you may feel more open to experiment and try trading with multiple contracts or exit multiple positions at different times. For many, this could be a wise idea as it is a step beyond regular real-time practice trading. It’s the final set of training wheels, if you will. Also, if you are looking to get a sense if trading is something you’d find enjoyable, rewarding, etc., micros are a lower cost of entry option than most other types of trading. Forex has a reputation of being a tainted marketplace for a number of reasons. At least these micros are regulated and you are not in competition with your broker.

By the way, if you liked the signals in the video above and you want them on your own charts, you can buy the Atlas Line, Trade Scalper, etc. from the main DayTradeToWin site here. Good trading!

Why Aren’t You Using the Roadmap Software Yet?

The Roadmap has been one of the most powerful trading techniques taught in the eight-week DayTradeToWin.com Mentorship Program. The method is taught as the first method to filter trades, even prior to using the Atlas Line. The Roadmap also provides zone lines and entry signals. That means you can use the method standalone with the signals as well as get an expectation of where price is expected to go next.

This video shows the Roadmap in action…

The Roadmap can indicate a number of potentials, such as:

  • Will a reversal soon occur?
  • Will the trend soon be over?
  • Is now a good time to place a trade?
  • Should I go short (sell) or long (buy)?
  • Should I feel confident about current conditions?

…If you have done any trading, you have probably asked yourself these questions many times.

The underlying idea focuses on finding opportunities through the market’s need to maintain a balance of buyers and sellers. When there’s an imbalance, price can change direction. These form Roadmap zones. Signals are generated when price action set up according to specific rules.

Ready to use the Roadmap? Get it now – enroll in the eight-week Mentorship Program and mention that you want to get the Roadmap early.

These Two Videos May Convince You to Scalp Trade

The Trade Scalper from DayTradeToWin has been growing ever more popular in the trading community as of late. We see videos, almost day after day, showing winning signals for the E-mini S&P 500 futures market and sometimes others. Consecutive winning signals are sought after by traders who have been in the game for decades, so it’s no surprise even veterans are turning to DayTradeToWin trading signals.

Once the Trade Scalper is applied to a chart, expect around eight signals from 9:30 a.m. to noon for the ES instrument. The signals all depend on price. This trading strategy is fully explained; it’s not some black-box system you dump money into without any understanding. You actually learn how to trade it manually, if you so choose. Signals plot automatically and mechanically according to a specific price action rule set. There either is or is not a trade; no guessing, no subjectivity!

As demonstrated, the signals pair nicely with other trading systems, including those sold by DayTradeToWin such as the Atlas Line and ATO 2. The idea behind scalping is to go for many small trades. When used with another system that focuses on fewer but larger trades, you can maximize your potential to find winning moves.

There is no trial available. Why is that? As mentioned, it’s fully explained and there are a number of complimentary resources included (e.g. great support). DayTradeToWin is confident you will be entirely happy with the method.

2 Active Trades at Same Time

What happens when two separate day trading systems produce buy or sell signals around the same time? Do you exit your original position? Do you double-down on your original position? Do you take the additional trade and refrain from touching the existing trade?

The above video explains the DayTradetoWin price action approach using the Atlas Line and Trade Scalper trading systems. The Trade Scalper produced a Long signal at 3147. Two ticks later, the order was filled. Remember, scalping involves many short/quick trades. However, we were in this trade for longer than we’d like. You can see how price approached the profit target but backed away. Fortunately, the Atlas Line jumped in with a trading signal of its own. It, too, confirmed the buy (Long) direction. With this in mind, another Long trade was placed. Again, the order was filled within two ticks of the entry price.

What about the profit target? Do you think the profit target should have been greater for the second trade? Avoid being greedy. John Paul used the same profit target for the second (Atlas Line) signal.

In total, both trades totaled a +4 point win. This is without any broker or exchange fees. Recall that each E-mini S&P 500 tick is worth $12.50. Four ticks constitute one point. Therefore, $12.50 * 8 = $100. In total, 10 contracts were used (five for each trade). Lastly, $100 * 10 = $1,000. Not bad for a few minutes of trading! Remember, not every can trade 10 contracts. Even if you have the requisite funding in your broker account, practice trade with a sim account, then move two one contract before investing everything you have.

Good trading!

Best Trading Computer Performance Tips

Many day traders have many windows open on their computer screens. How do you create a clean layout? The tedious (wrong) way is to spend a whole bunch of time manually dragging everything into place. A faster way is to let a window management utility do that for you. In the following video, a couple recommendations are made.

Essentially, the Divvy program is recommended over the other window manager apps. Divvy presents a grid resembling a computer screen. By selecting a window and dragging in the grid, you both place and resize the window. It makes more sense when you see it in action. If you have one screen and want to look at multiple charts, you can really maximize your screen real estate using the program. When you’re done, you can use your charting software to save the layout (i.e. workspace in NinjaTrader).

This next video discusses optimizations to the Windows operating system (OS) itself. These are privacy tweaks that can have a positive impact on trading software performance. You free up system resources. These resources are room for more CPU activity and memory space. Other applications, including your trading software, can make use of the resources.

Since you will be disabling Windows components, be careful. Read the descriptions and consider if the change will have an undesired effect. Before making any changes, create a restore point. If a problem occurs, revert to that restore point. Also, focus on the items that have a green check mark. The yellow/orange and red items may have bigger consequences.

The Windows OS performs a lot of hidden tasks in the background, including communicating with its servers regarding what you’re doing. If anything, you probably want a bit of privacy and that’s exactly what both of the Windows privacy apps provide.

Learn how to improve your trading computer further here.