Spend Every Trading Day With Me In My Virtual Trading Room as Toni, Myself and our Assistants Track and Trade Stocks and Emini's! This is your ultimate opportunity to follow live market action alongside one of todays most successful traders and market educators. You will be able to follow as opportunities are tracked and traded on a real time basis with narrative follow up and explanation of every trade. Due to advances in Internet technology it is no longer required to travel to a big city in order to watch a professional trader in action. Now with the Internet you can watch as I share my analysis and thoughts moment by moment when the market is active. Using your own charts you will be able to see how I analysise the market, and most importantly how I apply that analysis. As you learn you will be able to profit with me by taking advantage of these opportunities for your own account if you wish. Each day in the TFMS Live Trading Room is like going to an expensive stock market seminar with two exceptions: Everything we teach works, and we prove it to you day after day in REAL TIME. After reach trade is completed a a chart of the entire trade is posted and a thorough explanation of the trade takes place to insure that you profit not only in the market, BUT IN YOUR MIND AS WELL. After the explanation you will be free to ask any remaining questions you have, nothing is off limits with us, all questions will be addressed. The Live Trading Room are setup so that it will seem as if you are in my office with me as I trade. Each day you will: Be privy to our live market commentary explaining our thought processes as the day moves on and we develop and impliment our strategy. We will you through market action during all the active periods to insure you are not getting hurt and are in a position to profit as soon as our opportunities appear. You will lean how a professional evaluates opportunites as they come along, and once the evaluation is done how it is put into action. We will post charts of the markets action and our trades which show the reason for the trade and its progress from start to finish. Nothing is left out and we dont hide behind best case numbers like most other rooms. You will be able to go back and review the charts yourself along with the lesson that is given for the trade. Additionally, unlike most other rooms Toni and I are available throughout the day via private message to help you one on one with trades. In addition to this we have a steady membership base of long term members, most of whom are willing to spend time sharing their experience and helping you. As a member of either or both of the TFMS Live Trading Room you will learn: -How to find the high percentage setups that occur every day in the market. Most traders shoot from the hip and sadly their trading accounts show this fact very clearly. You will learn how we take advantage of the market when it is trending up, down or sideways. -When to trade and when to sit. One of the most important lessons, and one that unfortunatly due to relationships with brokerage firms and other factors most trading services have a vested interested in NOT teaching you. The simple fact is that being a day trader does not mean trading every single day: Knowing which days to trade and which days to sit aside before the market is closed can literally save you hundreds of thousands of dollars per year. -How to trade the gap. Simply stated a gap is the most powerful event on a chart, but most people haven't a clue as to how to take advantage of it. Being able to apply this one nugget of knowledge, which you are exposed to every day in the TFMS Rooms, can make you millions of dollars. -How to incorperate multiple timeframes into your trading. Most traders are so busy looking at their 1 minute and 5 minute charts that they neglect the big picture. Even those that do look at bigger timeframes tend to do it in the wrong way, costing them money and opportunities every day. We will show you how to have the larger potential gain of the bigger timeframes, but take the smaller risk which is found only in the smaller timeframes, on all of your trades. This too can make you hundreds of thousands, if not millions of dollars. -Money Managment. Most traders use either too much, or not enough leverage in their trading. A mistake in money managment can seriously reduce your chance of success even if every other part of your game is in perfect order. I look forward to meeting you and sharing my hard won knowledge with you each and every trading day. Regardless of your being a new trader just learning, or are currently trading professionally and would like to improve your skills the TMFS Live Trading Rooms are the one place you are sure to learn the proper skills that give you a chance this competative market. For a free trial visit http://www.tradingfrommainstreet.com Brandon
Brandon Fredrickson is a professional equities trader and private money manager with nine years experience in the financial and agricultural markets. As a professional trader Brandon has a reputation for consistently pulling money out of the market in good times and bad. A frequent speaker at industry conferences and expos, Brandon practices a highly disciplined style of daytrading. Most of his trades will be in the first and last hour of the day using very specific setups he has identified over the last several years including Keltner Band and Divergence plays. Most days Brandon will make 3 to 5 trades, but when conditions warrant he may be very active. Toni Hansen is a graduate of the University of Iowa where she focused her studies on North American archaeology. After several years of working for the Iowa Office of the State Archaeologist she became interested in the equities market. Applying the field and laboratory skills learned as an archaeologist, she began studying the markets in depth in a search for repeatable behavior and patterns. As a result of this research she has isolated the Phoenix ® and Avalanche ® set-ups, which are used extensively in the trading room for highly predictive results. Featured in Trading-Ideas and The Hard Right Edge , Toni is one of the most respected technical analysts in the industry with a high reputation for accuracy in both bull and bear markets. Her focus in the room is on intraday index scalp trades (lasting 5-30 minutes on average), stock continuation patterns and reversal patterns (held an average of 30 minutes - 2 hours), swingtrades (1-5 day holds) and position trades (2-12 week holds). Averaging 3-6 selections a day, her style is highly adaptive to changing market conditions Ivica Juracic started his trading career in the late bull market of 1999. After experiencing the normal learning curve of a new trader and the accompanying despair of losing most of his money, he discovered Toni and Brandonâs Live Trading Room. Soon he learned the psychological discipline that every trader must learn in order to survive the randomness of the market. He learned the lesson that you canât control what the market does. You can only control what you do in response to the market. With this knowledge in hand, along with his natural abilities in pattern recognition and coaching from Toni and Brandon, he soon was living his dream. Ivica is a native of and lives in war torn Croatia. Learning the English language is just another obstacle he is overcoming. As a result of his experience he is more than willing to help other traders along the path to becoming profitable. We suggest you watch Ivicaâs room calls for a few days to see for yourself what you too can accomplish. Ron Loftis (Aiki) has been trading full time since April of 2000. He first started trading equities and has since switched to trading the e-minis futures on the NQ (the Nasdaq 100 futures) and the ES (the S&P 500 futures). Aiki has a 2nd Degree Black Belt in Aikido, the Japanese Martial Art. He is a true student, thinker and innovator in trading. He has developed his own methods of analyzing the market with his FrameSync analysis. He has developed Aikiâs Three Methods of Profit Taking that work especially well on the focused markets of the NQ and ES. He has developed reliable trade setups that enable him not to overtrade and that provide good âreward to riskâ management.
Wednesday, June 04, 2003 The Rules of Day Trading By Brandon Fredrickson The Rules of Day Trading 18:06:16 brandon: A trading plan is essential for success. It is utterly impossible to succeed at trading without a concrete plan. The following are suggestions, some general, some specific, that I think will help traders achieve their goals. GENERAL POINTS Homework: The study of specific equities and their relationship to the overall market is essential. It is suggested that the trader work at least one hour outside of market hours on familiarization with stocks that could be traded the next day. 18:08:40 brandon: This can be done on the Internet. Also suggested is ""Nightly Business Report"" on PBS. As time goes on, the trader will have greater understanding of the widely traded stocks, and will be able to better judge information for potential opportunities. 18:09:18 brandon: In addition, the trader should spend time every day honing his craft; studying trading techniques, refining his ideas, etc. Weekends require at least 2-3 hours of study to setup for the following week. The trader should be prepared to spend a minimum of 12 hours a week outside market hours on this planning and study. Schedule: A standard schedule is essential. The trader should arrive a the trading center 45 minutes before the market opens (or more) and plan on being there all day. 18:10:07 brandon: Before the market opens: The trader should have a list of potential trading stocks from his homework from the prior evening. 18:11:02 brandon: He should look at these as to how they traded intraday the day before, and draw conclusions as to whether or not he will follow them when the market opens. 18:11:15 brandon: The trader should have his attention on the market, and on nothing else, be rested, and be ready to attack the market. If there is some outside influence that could take attention off the market, the trader should cease trading until the situation is addressed and handled, and he can trade without external influences that could have a detrimental effect. Taking heat: This is the term used for watching a trade go the wrong way. It is the number one reason why traders lose money. Losses are inevitable. Nobody makes money every day. The key to winning overall is to limit the losses and offset them by winning trades. 18:13:29 brandon: The trader should never take more than a set limit of heat. In my personal experience, it is extremely difficult to set a number limit on how much heat, such as one-half a point, etc. An easier way to define the problem would be in terms of dollar value loss on the trade. 18:13:38 brandon: so for example, don't lose more then $500 on a trade 18:13:42 brandon: then figure out how many shares that takes Maximum Shares per Trade 18:15:55 brandon: Traders with little experience get wiped out in short order by trading large amounts of shares. Until the trader is making money consistently, i.e. 10 trading days in a row with no losing days, the number of shares should be limited Mistakes 18:16:30 brandon: Traders make mistakes. The most common mistake is to sell when one wants to buy, and vice versa. The computer can go down, the feed to the exchange can be interrupted. There are a lot of things that can go wrong. The trader must assume full responsibility for any mistake that occurs. Open positions should be exited immediately (almost always at a loss) when a mistake occurs. Number of Trades Per Day 18:17:14 brandon: Trading too much in one day is the third reason why traders lose money consistently. There is absolutely no reason to trade more than 15 trades per day. The maximum number of trades should be limited to 15 per day. Trading Times 18:18:08 brandon: Trades are consistently more successful before 11:00 a.m. and after 2:00 p.m. Trades are consistently less successful between 11 and 2. There is only one exception; if a particular stock is ""in play"" (being traded heavily due to some factor such as a big news announcement), this rule can be broken with relative safety. 18:18:21 brandon: But trying to ""find a trade"" between 11:00 and 2:00 is almost always a bad move, and should be avoided by the trader. It is safer to miss a few opportunities than to consistently lose money when the market is slow. Also, under most circumstances, initiating a trade after 3:45 is too dangerous, and should be avoided. Never initiate a trade before the market opens or after it closes. Maximum Positions at One Time: 18:18:38 brandon: The trader should try and limit himself to one open position at a time. Two positions is acceptable, but three is not. 18:19:18 brandon: this is more of a general rule 18:19:24 brandon: if you are doing basket trades obviously it wont apply 18:19:30 brandon: but most people don't do baskets 18:19:57 brandon: Holding overnight is usually done to try and avoid a loss. It Holding overnight for an expected gain is too risky for the trader. 18:20:03 brandon: keep in mind this is for daytraders 18:20:23 brandon: All rules are made to be broken. All rules can be safely broken under certain circumstances. But in my experience, breaking more than one rule is a grave mistake, and reduces the possibility of success to less than 25%%. It should not be done. Trading Regimen 18:21:17 brandon: Every trader has a regimen; a style or set of rules that he follows to choose trades. For example, most day traders use technical analysis as part of their personal regimen to form conclusions. 18:21:31 brandon: The personal regimen would include the specifics of what indicators are used and why. These regimens are constantly being refined and polished, due to the fact that the market changes all the time, and what worked 6 months ago may not work now. The trader must have a personal regimen, a specific set of rules or guidelines that he follows. 18:22:18 brandon: This must be in writing. These guidelines must be his own, in other words, he must not use another trader screaming, ""Buy Hollywood Global Internet right now"" as a buy signal, or some ""hot tip"", or some computer program, or anything else, to make his FINAL decisions. 18:22:34 brandon: He must make his final decisions himself, and he can't do it without a personal regimen. No personal regimen means the trader is open to the vagaries of whomever or whatever is making the decisions around him. The trader himself must make the call, not something or someone else. 18:22:55 brandon: The personal trading regimen helps the trader refine his skills and learn what works and what does not. He can change his regimen at any time, of course, but he must have something to change. 18:22:58 brandon: and 18:23:06 brandon: deeba deeba dats all folks 18:23:25 cibio: that was great 18:23:33 cibio: B question 18:23:56 jem: enjoyed it! v 18:24:05 speedo: thx ciao 18:24:13 * jpomerenke give B a high five 18:24:42 brandon: sure cibio 18:24:44 cibio: i understand trading between 11 and 2 is not wise to beginners like myself 18:24:57 cibio: so what should beginners do between that hr 18:25:04 brandon: follow the market 18:25:05 brandon: learn 18:25:14 cibio: i usually watch 18:25:17 jpomerenke: turn of your order entry 18:25:36 cibio: now that's a good idea 18:25:43 jrod: important for focus to walk away imo 18:26:16 cibio: hey B ui changed my style this week 18:26:25 cibio: due that i was having too many losses 18:26:38 cibio: i was trading 500 shares all the time 18:26:44 cibio: i lowered it to 200 18:26:49 cibio: i just take more trades 18:26:58 cibio: it worked 18:27:10 cibio: just trying to get disciplined 18:27:26 bbcc: good idea 18:27:40 cibio: thanks 18:28:06 cibio: with 200 shares u can walk away from a bad trade with not much of a loss 18:28:28 cibio: great class Brandon 18:28:43 brandon: 50 shares its even less 18:28:53 _cactus: thanks b 18:29:01 cibio: how can u make money with 50 shares 18:29:11 brandon: that's not the point when you are starting out 18:29:40 cibio: that is true 18:29:45 tradess: great idea on the lesser share amount cibio 18:30:04 cibio: im not really that much of a newbie but yes a beginner i am 18:30:11 cibio: thanks trades 18:30:15 trader_j45: B, you mentioned not increasing your size until you had 10 trading days with no losses. Do you really mean 10 trading days with no loses or after 10 trading days having a positive P&L. 18:30:17 cibio: tradess 18:30:41 tradess: got it 18:31:25 brandon: positive P&L 18:31:31 trader_j45: thanks For a free trial to the TFMS Live Trading Room visit our homepage http://www.tradingfrommainstreet.com
[09:04] <brandon> ok here is our FRNT chart [09:04] <brandon> we are looking for the same thing over and over again [09:04] <brandon> Larry Connors had a great point yesterday in his colum on tradingmarkets [09:04] <brandon> and he talked about Roger Clemmons getting his 4000th K and 300th win in Major League Baseball [09:04] <brandon> generally speaking he is a baseball player [09:04] <brandon> and he probably could do ok at most positions[09:04] <brandon> and he knows a lot about the game of baseball [09:05] <brandon> BUT [09:05] <brandon> that would have never gotten him to the point he is at [09:05] <brandon> and to become a future hall of famer [09:05] <brandon> he is that becuase he pitches [09:05] <brandon> and he specializes in it [09:05] <brandon> every day he throws baseballs [09:05] <brandon> pitching [09:05] <brandon> in trading you need to do the same [09:05] <brandon> you need to specialize in something [09:05] <brandon> do it over and over again [09:05] <brandon> the jack of all trades is the master of none [09:06] <brandon> so what you will always see with us [09:06] <brandon> is that we are doing the same thing over and over again [09:06] <brandon> it might seem boring [09:06] <brandon> but the way to profit is to be a specialist [09:06] <brandon> what we see here [09:06] <brandon> on the daily chart we have a nice breakout [09:06] <brandon> this clears the way for further upside [09:07] <brandon> on the sector front the airlines are the strongest sector out there [09:07] <brandon> and then to the intraday chart we have our basic breakout setup [09:07] <brandon> the stock gapped up and resisted filling in that gap [09:07] <brandon> this shows a lot of strength on the part of that stock [09:07] <brandon> because the natural tendancy for stocks is to fill in gaps [09:07] <brandon> those that do not fill in are very strong indeed [09:07] <brandon> once we find this type of stock [09:08] <brandon> we have to wait for a setup [09:08] <brandon> which occurs when there is a resting period [09:08] <brandon> as can be seen on the base