DayTradeToWin Reviews

The end of 2017 is almost here, and with it, we have E-mini holiday trading hours when the markets will be closed. What holidays will impact your trading? Veteran’s Day is right around the corner on Nov. 10, but the markets will remain open. Thanksgiving Day is Nov. 23. The markets will close early at 1 p.m. ET and reopen at 6 p.m. ET. The following day, the markets will again close early, this time at 1:15 p.m. ET. The next holiday is Christmas Day. The markets are closed Christmas Day, but reopen at 6 p.m. ET. What about the New Year? New Year’s Day is a Monday, so the markets will be closed. They reopen New Year’s Day at 6 p.m. ET. Check this 2017 trading calendar for a consolidated representation.

E-mini Holiday Calendar

These holiday hours apply to CME markets (also called “products”) like the E-mini S&P. The official CME page has the latest announcements. Specifically, these holiday hours apply to CME equity, interest rate, FX, energy, metals, and DME markets.

Generally, it’s best to avoid trading around big holidays. The markets are usually slower, which can lead to choppy conditions. It’s difficult to make a profit when the market can’t decide where it wants to go next.

Remember that clocks in the U.S. move back an hour on Nov. 5. We switch from EDT to EST, which means the US/Eastern time zone offset changes from GMT-4 to GMT-5. GMT is pretty much the same thing as UTC, in case you’re used to that format.

Want to see multiple day trading strategies produce winning signals? In this live webinar attended by many traders, John Paul shared his ATO 2, Trade Scalper, and Atlas Line strategies in real-time. These strategies were applied as indicators on his charts. They agreed on the direction, as short signals were given. When multiple strategies agree, you may have a better chance of making a profit. Of course, there are no guarantees in trading because it’s a risky endeavor. Nevertheless, be sure to jump to about 20 minutes into the video to watch these signals.

The ATO 2, one of the many day trading strategies, focuses on the first couple hours of the day. The software produces text signals for the main ATO 2 long and short trades as well as supplementary Trade Chaser trades, which also can be long or short. You can think of this strategy as a breakout method. Multiple signals are usually generated every day. You’re fully taught how to find the trades on your own without the software. The ATO 2 is based on the original ATO, which has been utilized by traders for many years.

More Day Trading Strategies

The Trade Scalper is a way to get in and out quickly using small profit targets and stops. You’re not looking to make big money on each trade. The idea is to win many trades per day while minimizing the risk on each small trade. The maximum stop loss is six ticks. The Trade Scalper software draws horizontal and vertical lines on the chart. Using these lines, you can determine whether a Trade Scalper trade is likely to appear in the near future. In just the morning time alone, you can see six or more trades. This is one of the most popular strategies offered by DayTradeToWin.

The Atlas Line produces slightly more trades than the ATO 2 and is also used on a 5-min chart. The Double Bar Long and Short trades are the main bread and butter signals. The Strength and Pullback signals are supplementary and are useful for days that trend or reverse after the main long and short signals. Traders like the Atlas Line because of the long, dashed line that forms throughout the day. You can often see price “bouncing off” the line. Therefore, you may want to use the line as a support and resistance tool. DayTradeToWin has produced many videos showing how it can be used to complement other techniques.

As indicated, Day Trade to Win has a number of day trading courses plus an eight-week Mentorship Program. The Mentorship Program puts you in a room with John Paul as he explains each of the day trading strategies and how they work together to form a complete trading plan. New classes begin all the time, but be sure to get in early.

Some traders spend countless hours refining their strategies to only find themselves limited and taking very few trades. It takes a long time to find the best trading software. Conservative trading is good, but if you’re missing big winners, maybe it’s time to look for a different approach. DayTradeToWin.com specializes in teaching strategies that work together to confirm direction. For example, the ATO 2 and Atlas Line software are both meant to be used on a five-minute chart. The underlying mechanics of each method are very different, yet you can often find instances where they both agree on where price may be headed. John Paul believes that such confirmation is a great tool to have in one’s trading arsenal. Take a look at this video to see how he handled recent live conditions…

Considerations for the Best Trading Software

When you decide to purchase a DayTradeToWin product, you are joining hundreds of other traders who have come to the same realization. The goal is to find the best trading software. John Paul has spent many years developing and refining his strategies with the input from many clients. There’s a reason why DayTradeToWin courses are popular and have stood the test of time. The original ATO was the first product offered on the website. Now, almost a decade later, you are seeing the ATO 2 still being used. Some refinements have been made, but the underlying approach is similar.

In the video, notice how the profit target remained at two points even though two separate strategies confirmed the direction. This is an example of DayTradeToWin’s dynamic approach. John Paul believes you should only trade with what the market can “afford” to provide at the moment. If your expectations are too high or fixed at a certain value, you may end up staying too long in a trade, exposing your account to increased risk. The profit target and stop loss rules are fully explained with each course you purchase. In the eight-week Mentorship Program, all courses and software are provided with lifetime licenses. The only thing you need is to purchase the NinjaTrader platform and fund an account with a broker. NinjaTrader is free as long as you want to paper trade. That’s great if you want to practice before taking the strategies into the markets with real money.

To answer the main question of this post, trading 24 hours a day is really never a good idea. The more you trade, the greater the risk. However, it is important that you understand when the markets are open in a 24-hour cycle. This requires an understanding of the 24-hour time format. Working with 24-hour time formats can be confusing. Nearly all trading platform use this format. Most people in the U.S. are accustomed to regular time, which observes counting to twelve twice a day. In comparison, a 24-hour clock starts at midnight and stops just before midnight the next day. If you have ever seen a time such as 22:54 and wanted to know how to convert it to regular time (10:54 p.m.), this post is for you.

• If the time you want to covert is before noon (i.e. in the morning), you probably don’t need to convert it. For example, 9:00 in 24-hour time is the same as 9:00 a.m. regular time. The slight difference here is 00:30, which is 12:30 a.m. Note that in 24-hour time, the clock “resets” to zero at midnight. In regular time, there is no “zero time”. Instead, the clock resets to 1 after 12:59 a.m.
• If the time you want to covert is in the afternoon, then you’ll need to do some math or memorization. When it’s 1:00 p.m. regular time, it’s 13:00 24-hour time. Similarly, 2:00 p.m. regular time is 14:00 24-hour time. See the pattern? We’re just counting up by one instead of resetting the clock to 1. One trick to calculate regular time is to subtract 12 from a 24-hour time. For example, 23:30 – 12 = 11:30, and we add p.m. because we know that any time after 12 on the 24-hour click is a p.m. time.
• Seconds and minutes are counted and expressed the same. If you see 20:30:01, the regular time is 8:30:01 p.m. (one second past 8:30 p.m.).
• What about time zone conversion? Yes, different time zones have different times. That means you can express time zones in both their regular times and 24-hour times. You should not have much trouble doing a conversion because you’re going to add or subtract the same amount of hours regardless of the time format. In other words, +8 hours will be the same mental process of addition, whether you’re using 24-hour time or regular time.

If you want to learn how to read 24-hour time quicker, or you for some reason want to start trading 24 hours, consider changing your smartphone’s time format or using a wristwatch that displays both formats.

See this conversion website to improve your understanding. Also, study this chart and the 24-hour clock:

Day Trading vs. investing – what’s better? Generally, day trading is short-term. You want to get in and out of the market the same day. Rewards can be immediate. Actual stock investments are held for day, weeks, even years. Because short-term gratification is so appealing, day trading is very popular. Do you want to see a recent video showing the Atlas Line, Trade Scalper, and ATO 2 day trading strategies? Here is your opportunity. This 50-minute video is also packed full of educational content. There is much to learn.

Here is a list of what you can expect:

5:00 – how to use the ATR to check for volatile conditions and using it for profit targets and stops
7:30 – SuperDOM buyers and sellers, understanding digital markets, how to move orders, and limit orders.
11:00 – what to look for during opening market activity
12:50 – limit order special use cases
15:30 – basics of MIT orders and how to place them
21:00 – how to use Time & Sales
22:30 – managing trades after a failed profit target
24:30 – maximizing reward using ATM Strategies
26:40 – front-running explained and how to do it
28:30 – live Atlas Line signals
37:00 – download our free news software
41:20 – live Trade Scalper signals
46:00 – the difference between overbought and oversold price action
48:00 – the best way to close positions
50:40 – live ATO 2 signals and how it works

Day Trading vs. Investing – Why Not Both?

When considering day trading vs. investing, think about your goals. Do you want to “cash out” on a regular basis? Day trading may be the better option. Do you have a lot of money to set aside for investments and prefer to check in on your portfolio occasionally? Then you should probably speak with a broker who can tell you about all of the types of funds you can get into.

If you’re going to be using NinjaTrader, knowing how to place orders (trades) is essential. To place trades, it’s best to use the NinjaTrader 8 SuperDOM. NinjaTrader’s ChartTrader is just too simplistic. The SuperDOM is a tall, thin window that can fit on the right or left side of your chart window. It looks and operates similarly to a remote control. You can open a SuperDOM by going to NinjaTrader’s Control Center and selecting New, then SuperDOM (Dynamic). Once the SuperDOM window appears, be sure to select the instrument (market) you want to trade. In most cases, this will be the same market as the chart you have in front of you.

This video covers about four different types of orders using the NinjaTrader 8 SuperDOM. The easiest to understand is the market order. A market order simply says, “get me in at the price the market is currently trading at.” You can click the Market button at the bottom of the buy or sell column. You can manually exit the position by closing the trade. The close button also appears on the bottom of the SuperDOM. In the video, you will notice that John Paul’s profit targets and stop losses are automatically applied. That’s because he’s preconfigured an ATM Strategy, which is a way to instantly apply profit target and stop loss presets. On the DOM, the yellow highlight indicates the current price.

The next order type is limit orders. They tell the market that you want a specific price or better. For buying (going long), you are limited to placing the order below where price is currently trading. The opposite is true for selling – you must place the order above where price is currently trading. To place such orders, left-click the price you want. If asked, click Yes to accept the order. Notice the “LMT” text indicating that a limit order was placed. To fill this type of order, price must pass through. Simply touching the price does not guarantee a fill.

NinjaTrader 8 SuperDOM: Two More Orders

Stop orders are the next order type. It’s nearly the opposite of a limit order. Place buy stop orders above the desired price. Similarly, place sell stop orders below the desired price. Use your middle mouse button (sorry virtual machine Mac users) in either the buy or sell column. A little popup will appear. If you do not want any slippage, leave the 0. If you want a maximum of one tick of slippage, use 1. Stop orders can also help protect you in getting out at a specific price. The video describes this further. Use the Ctrl key and middle mouse button for regular stop orders.

New in the NinjaTrader 8 SuperDOM, you can place MIT (Market If Touched) orders. These will help get you filled when price touches a desired price. Passing through is not required. MITs are placed as limit orders, which then become market orders. Use the Ctrl key and the left mouse button to place an MIT order.

There is so much more information contained in the video. Get more free trading tips.