Daytrader's Profit by Learning How the Market Moves
As traders, we seek information about the market that we can see on our charts and then we seek to capitalize on that information. One thing that many of us miss is how the market moves. Yes, we do not even notice such things in our quest for profits.
Our vision tunnels up when in a trade much like looking through the big end of a funnel and all we see is that small area at the end, as that is where the ticker or cursor that highlights the latest price is located. Our minds are quickly calculating as the price jumps up and down, like an adding machine in the hands of an auditor.
Have you noticed the market almost never moves in a single leg move, and that the markets always make at least three legs in a move? Many of us refer to this as an ABC move. It could be a 123 move. The Elliott label is unimportant. What is important is that we recognize that we have at least a three-legged movement coming.
If we know there are three legs to a move, we have great and useful information.
Daytrading Articles Index: Tips, Tricks & Techniques
Do you trade the E-mini Nasdaq? Ralph Russell, our Nasdaq Real-time Signals Trader, has written "Russell's Guide to Mini-Nasdaq Order Suggestions."
The latest addition to our Mentor Update Library, "Russell's Guide to Mini-Nasdaq Order Suggestions," is required reading if you plan to use our Real-time Signals for trading the E-mini Nasdaq. This update details how to use the signals to your own best advantage.
Depending on your trading skill, you'll use the Real-time Signals differently:
Novice traders will likely follow the signal suggestions very closely, concentrating on learning how to follow the market and letting Ralph's trade suggestions help create your account growth. More experienced traders are able to fine tune the signal suggestions, some trading more contracts, etc.
This Mentor Update is available to anyone (no free trial or subscription necessary) with several other available updates.
Our Free Trialer's Library are the Mentor Updates we make available to give you a taste of our great content. Subscribers have access to the entire library of back issues and also receive all new Mentor Updates as they are published.
Links to the List of Titles in the Mentor Update Libraries are on the
left-hand side of the above page or directly at:
Both libraries require a user name and password for access.
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The market has changed and so has our trading. We are now trading the S&P with a longer-term outlook (still daytrading), and our signals are much more appropriate for E-mini trading. If you are trading the S&P E-mini, take a trial.
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Our favorite trading books - Experts
(Remember, to close the new window that opens when you click a book link, use Ctrl + W)
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S&P 500: Our cumulative net result up to and including August 14th, 2001 on our $30,000 model account is $18,500. This is a 62% year-to-date return during a year when fund managers are bragging that they haven't lost too much!
Nasdaq: Our cumulative net result up to and including July 14th, 2001 on our $15,000 model account is $39,912.50. This is a 266% year-to-date return, trading one and two lot sets of the E-mini Nasdaq. Outstanding result, Ralph!
These results are posted after each trading session in the Overnight
It is our sincere desire that our web site and Real-time Signals service
is an informative and educational resource for you as a trader. Please
be aware that you may trade in front of us, with us, or after us and that
it is imperative that you make your own trading decisions based on your
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