Tuesday, October 14, 2014

Two tweets from today's trading session

Just to spice things up a bit on this blog.

I posted 15 screenshots like that to Twitter today, which could be matching my record of daily tweets with trading results, but I am not sure. I have lost track of this record, I am afraid.

No, I am not saying that KING is an answer for you, because if you are taking these webinars seriously you may be too stupid for it.

And how about a little update to this story the day after. Of course, using yet another tweet.

And did I mention that George IV has scored the 16th win today out the 20 trades it has taken so far this year? Well, now I have. That also proves my point. You either have trading results you have no reason to be ashamed of or you are a con artist and are doing webinars because that's what most of them do to attract marks (also referred to as "clients").

Sunday, October 12, 2014

KING's high probability trading setups or how to shoot fish in a barrel

That's what I want to talk about on the KING forum to be launched very soon. There will be a special tutoring session dedicated to high probability trading opportunities. I don't like the word "setup," because it implies something inflexible, but I may use it from time to time, if only because it's short.

In other words, I will talk about how to trade effortlessly. I am not into making easy promises or inflated claims. On the contrary. While most wannabe traders struggle and eventually give up, some blowing more than one account, it is possible to do much better, if you know how.

Here is an example of that, from the very last trading session I reported on my site on October 9th, and also on Twitter, so let me embed my Twitter report as it is simpler to do so.

Some trading opportunities are just so much better than others.

If you know how to identify them, you will do much better than those who think that everything that the market or their trading "system" spits out at them should be attacked. Well, if you are really good at it, you may be able to do it successfully, but you will get tired pretty soon, and your results may not be as good as if you waited for the best trading opportunities the day can offer.

If you look at my track record, some of it even of the "too good to be true" variety (for the mediocrities, meaning typical specimens to hang out on most trading forums), you will realize that I may possess an insight that most in this business lack. No bragging intended; that's just the case, and I don't feel like apologizing for it.

This tutoring session, while useful in its own right, may end up competing with what I would call (fanfare, please!) Bliss without Ignorance, a part of the Self-Empowerment section that the forum will also feature. That bliss I am talking about is not just a metaphor (or "gimmick" for my fellow cynics), it's real. And it helps, which is what matters to the pragmatic people, yours truly being one of those.

George IV and KING - price changes

I decided to offer a lower price on George IV, an excellent day trading system for ES and YM, the e-mini futures markets of S&P 500 and Dow Jones.

The current special price is $300, which is $200 off the last regular price. 

You may consider this to be a holiday special, and so you should expect the price to go back to $500 early next year.

You will find more about this trading system on its pages on my site. Its current trading results using just one and somewhat simplified strategy can also be examined there. As of now, October 12th, the system has had 15 wins in both ES and YM, out of 19 trades this year. It is very much up, especially in ES, where with 2 e-mini contracts you could have made over $6,000.

I am also about to raise the price of KING to $1975, which is still a very nice price, if you consider the KING competition. You may want to check out what I think about some of KING competitors and I think this is a pretty representative sample of what you can come across out there.

If you think that I am highly critical, if not cynical, about this field, then you are damn right because it's impossible not to be. The main reason for this is insanely simple: there is absolutely no connection between the price of such products and the quality and quantity of evidence (if there is any evidence, at all) that they work. Another important reason has to do with their shameless marketing gimmicks.

My choice is either to join or to beat them. Being a contrarian at heart, I prefer to be in a minority. In this case, it is an easy choice too. Their business "ideas" is not what I would call my cup of tea, to say the least.

The new KING price includes some new things in addition to what you can get for $1,200, which is the current price of this e-mini day trading methodology.

The main additions are: George IV ($500 regular value), all materials (10 Word files) from a week long 3rd KING mentoring session ($300 value), a 2 week tutoring session ($600 value), and access to the KING forum for life, which is priceless. 

By buying George IV you also get access to this trading forum that is about to be launched. At first, it will be open only to the KING students and then, in early 2015, to many other of my customers.

Friday, October 10, 2014

Tradinglosers.com is gone

What's left of it is a domain parked at Godaddy.com.

And one more thing too, which you can find if you look for images via Google: a screenshot of one of its articles that was preserved by the Trading Loonies blog, an excellent blog dedicated to exposing "loonies, posers, and other dubious characters of the trading world," to use their own slogan.

I decided to republish this screenshot below. It's one more way to preserve the legacy of this site, that seemed useful, overall, though I suspect it was run by trading vendors not particularly happy with what's going on in the world of trading forums. It's probably fair to say that they had one forum in mind, in particular, the one the article in the screenshot pertains to.

It was from this article that I first found out about that forum and it did not take me long to realize that they were right on the money. The forum shenanigans have only kept on growing, as you can find out from the Trading Loonies blog.

I mention both the Trading Loonies blog and the Trading Losers website in an article dedicated to trading advocacy sites that was published several months ago on my site. It was in that article that I anticipated that tradinglosers.com would probably go the way of yet another of such advocacy sites, which, while quite useful too, had disappeared from the web many months before the article in question was published.

"Sites like that, as the history of the first two of them shows, tend to be pretty ephemeral." That's the quote from my article, so as you see this ephemeral nature finds yet another confirmation in the demise of tradinglosers.com.

The good news is that the Trading Loonies site is a free blog hosted by WordPress.com and so it has a chance to remain on the Internet for many years to come even if it is abandoned by its creators, who still seem to be pretty active, almost three years since they have embarked on their mission of exposing "dubious characters of the trading world." One cannot help but admire their dedication. Not to mention the high quality of their research that puts many trading forums to shame.

Thursday, October 09, 2014

Just three minutes (and over $200)

Well, to cut what wasn't even a long story even shorter, here is my Twitter trading report.

Only one as I was no really planning on trading today, but eventually took at shot at whet seemed one of those "shooting fish in a barrel" opportunities. And, as the say, better late than never!

Yep, well over $200 in about 3 minutes. Only when day trading e-mini futures with KING.

Two new trading articles just posted on my site

Their purpose is to better explain the agenda for the upcoming KING trading forum that will focus on the issues of interest primarily to those trading e-mini futures.

E-mini futures have been all the rage for some time now, especially among retail traders, and especially among day traders. Yet, despite their popularity, these attractive trading instruments don't have a forum that would be focused primarily on them. I do believe that it's time to change it.

But at first, the forum is to serve the KING traders and students for as long as I continue marketing KING and I would like to keep doing so till the end of 2015, if that's possible, but if not, June 30th, 2015 seems like a good date to end my commitment to KING too.

One of these articles addresses the issue of trading myths, often propagated by trading forums and rarely debunked by them, the other talks about a particularly important element of an edge, a universal component of it, that may be often overlooked.

I plan at least one or two more articles like that in connection with launching this forum, so expect some more in the next few weeks.

Tuesday, October 07, 2014

4 and 6 second e-mini futures trades or fast scalping with KING

That's like quick, no?

Well, the quickest e-mini futures trade I have ever taken was only 1 second in duration, if I am not mistaken, 2 seconds tops. I definitely recall a 2 second trade, and it's possible that I have taken more than one of those, but I also, albeit vaguely, recall a 1 second trade. I could be wrong about it though, but I am positive about the 2 second trade(s).

That's even faster, but let's not be that fastidious: 4 and 6 second trades rock too. I posted them to Twitter as you can see from my today's Twitter trading reports that you can examine embedded in their full glory below.

Yes, it's possible to scalp e-mini futures that fast if you scalp for 5-10 ticks on a day with a very decent volatility. Such volatile days are almost always marked by a trade signal coming from George IV, an excellent mechanical e-mini futures day trading system for ES and YM, the e-mini futures of S&P 500 and Dow Jones, respectively. They also happen when George IV comes very close to calling a trading signal, but one condition is not met, though this can change later on, during the daily trading session. That was the case today.

But for fast e-mini futures scalping, you need something else, ideally a discretionary trading methodology, though it may be possible to produce fast trades using a mechanical approach. I prefer discretion. I think it gives you more power, especially on volatile days, and more flexibility.

The trading methodology I use is called KING, which is also the name of a very comprehensive e-mini futures trading course based on it. For more about KING, check out its main page on my site and its trading results sections, with well over 650 daily trading reports as of today, with nearly 100 this year alone (99 as of today).

For the final today's trading result, check out yet another of my trading Twitter reports, the last one with trading results. Notice that no more than 4 contracts per position have been used. I call it classic KING trading, classic scalping.

While I may sometimes build my position up to 6-8 contracts, that is pretty rare, though I like to do so from time to time because it's also a legitimate way of trading. The idea that you should not add to your position is a myth of sorts. You should never add to the position that clearly looks like a loser, but that's a totally different thing and sometimes these two things get confused or conflated.

Friday, October 03, 2014

George IV reaches a new peak in its equity curve

George IV, is a popular e-mini futures day trading system for trading YM and ES, that you can purchase from me.

The system does not trade very often, but when it does it usually makes money. Out of 19 trades so far this year, the system has made money 15 times, which is a very good winning rate (close to 80%). Also, its winners tend to be bigger than losers, on average.

Today, the system delivered two such winners (one in each market) to the tune of 6/60 points in ES/YM, respectively. That's the maximum profit the system can make per trade.

Moreover, the system reached a new peak in its equity curve for ES, and is very close to such a peak in YM. This new peak is now at 65.75 points, which amounts to $6575 with 2 ES contracts. Two contracts is what many retail futures traders can easily afford to trade with. Bigger shots easily move 10 times that.

For those new to trading e-mini futures, ES is the ticker symbol for the e-mini futures market of S&P 500 and YM is the ticker symbol for the e-mini futures market of Dow Jones, both very popular e-mini futures markets.

Wednesday, October 01, 2014

Another gallery of Twitter posts with e-mini futures trading results

From the September 30th trading session, so as recent as they come.

I really did not expect to take 15 trades, but then again, it's not something you can predict well in advance. It depends on the market, your stamina, your mood, and perhaps some other factor or two, but those are pretty much in the top three as far as I am concerned. Okay, one other factor is if you have something else to do, but that can always take a back seat if Mr. Market is cooperating, unless it's really urgent.

Well, I was in good mood, which I even mentioned in one of the first posts, so that certainly was going to give me some boost. My stamina was okay, I thought, but after about 3 hours and 15 trades later, I started feeling a bit less focused. Focus is what you need all the time when day trading, especially fast moving e-mini futures markets (and some volatile stocks too), and constant focus drains your mental energy even more than stress. At least, that's my case, which may also mean that I am really focused when trading.

Here is this gallery of my Twitter posts with trading results (and some comments on them), all achieved using KING, an e-mini futures day trading methodology that I have been offering for about 6 years now and which is still $1,200 (soon to be closer to $2,000). You can find more things like that one on my site; for instance in this article about trading e-mini futures like a lion.