Trader Training

Trader Training

I offer the same strategies and techniques that I use on a daily basis. Most importantly, you will learn to create your own trading system that fits your trading style and capabilities.
Here is what you will learn in training sessions:

• Developing a trading plan.
• Swing trading strategies to profit from intermediate and long term market movements.
• Day trading strategies to enhance consistency and performance.
• High probability trading systems and how to trade the systems.
• Money management and position sizing.
• Trading psychology.

Trading Watchlist

Focus list

The watchlist consists of two sections, the Focus list for my best trading ideas, and other stocks worth watching.
There are usually 2-5 stocks on the Focus list. A typical Focus stock is in a strong industry group, gapped up to historical high today, closed near the high of the day, and had highly important news.

How to trade

I scan market news before open. If any stock on the watchlist releases news, I will pay extra attention to the stock.
I only consider stocks that are positive on the day. There are three major entry points:

• Opening range breakout.
• Stock goes from negative to positive.
• Stock breaks previous day's high

Intraday trends between 9:45am and 11:00am tend to be more consistent. There are more false breakouts before 9:45am.
Strong momentum often lasts for a short time only. I use measured move to calculate intraday targets and take profit. If a stock exceeds the targets and keeps rising, it may be a good candidate for swing trading.

Day Trading

Day Trading

Rules for buys:
1. Today the stock did all of the following:

• Made a 52 week high, historical high is even better.
• Today's range was the largest in the previous 10 trading days. A gap up is even better.

2. Buy tomorrow on an opening range breakout (ORB) to the upside.
3. The initial stop is the low of the opening range. I use the 13 bar EMA on a 5 minute chart as trailing stop.
If a stock never breaks the trailing stop and close near the high of the day, I hold at least half of the position overnight.

Opening range breakout (ORB)

Stocks form an opening range (OR) in the first 15-30 minutes of trading. Valid ORBs often meet one or more of the following conditions:

• ORB occurs between 9:50am and 10:10am.
• Low volume in the OR and high volume on the breakout.
• OR is narrow and flat.

In my main strategies, the stock is trading at a 52 week high, it has broken out again after at least an intraday consolidation on Day 1, The stock should be in a strong industry group and it just released positive news. I have both the technical and fundamental sides working for me in the immediate short term, and the path of least resistance after the ORB is likely to be up. 

Swing Trading

Swing Trading

Rules for buys:
1. On Day 1 (within the previous 5 trading days), the stock must do all of the following:

• Made a 52 week high, historical high is even better.
• Day 1's range was the largest in the previous 10 trading days. A gap up is even better.
• The stock closed near its high of the day.
• stock released news that had significant impact on future earnings.

2. Stock consolidated after Day 1, never breaking below the low of Day 1.
3. Today the stock must do all of the following:

• Makes a new high, the first new high after consolidation.
• Today's range must be larger than all the consolidation days.
• Today's close must be near its high of the day.

4. Buy tomorrow on an opening range breakout (ORB) to the upside.
5. The stop is at 5% loss.

In my main strategies, the stock is trading at a 52 week high, it has broken out again after at least an intraday consolidation on Day 1, The stock should be in a strong industry group and it just released positive news. I have both the technical and fundamental sides working for me in the immediate short term, and the path of least resistance after the ORB is likely to be up.