Educational Day Trading Videos
Latest Trading Videos
Live Webinar – Atlas Line & Risk Management
October 13, 2016
Many traders try to reduce risk by using tight stop losses. This can be a problem because a fluctuating market can easily hit these stop losses and profit is never reached. Therefore, a trader has to be open to the possibility of taking a hit. This is exemplified with John Paul's use of a catastrophic stop – a technique he's been using for years. It's the last resort stop loss, but it's there to allow the market to breathe with while price hopefully heads to profit territory.
Ways to Assess Risk Using Price Action
October 11, 2016
When using the Atlas Line, one way to reduce risk is to look for overbought and oversold conditions. If the distance between the line and recent candles is far, the trade is riskier. At about two minutes in, you can see how this trade is not the best opportunity because of the distance. Another risk factor is news events. If a news event has occurred within the last 15 minutes or is about to occur, stay out of the market. Watch the video to see other examples.
A Scalp Trade That Takes Too Long?
September 1, 2016
The Trade Scalper's profit target and stop loss also depend on the ATR (Average True Range). In this case, a Double Wick Short signal is deemed goot for a three tick profit target and a six tick stop loss. When scalping, the goal is to make profit quickly and repeatedly unlike larger, slower systems used for day trading. This is not a winning trade. John Paul needs to manually manage the trade because it's taking too long to hit the profit target. Ten minutes is too long here.
Trade Scalper E-mini Short Using Limit Order
September 1, 2016
John Paul uses a limit order based on the Trade Scalper's short entry signal. Limit orders help prevent slippage. In comparison, expect at least a tick of slippage with market orders. Scalping is all about multiple quick trades – in and out. That's exactly what's happening here. The profit target is a couple of ticks. If this trade did not work in John Paul's favor, he would exit the trade with a time-based stop. You're taught all the rules.
Two Atlas Line Trades – Double Bar & Pullback
August 26, 2016
John Paul shares a video showing an Atlas Line short trade. Market conditions are good – the market is not overbought or oversold. There's a two point profit target. Mentorship students will recognize this Atlas Line trade coincides with the Roadmap and other methods. Near lunch time, the Atlas Line produces Pullback trade signals. The ATR was at three points – unusual compared to recent slow activity. This last trade is worth a few ticks.