What an exciting day! It was another great and safe day for subscribers who avoided the breakout trap! The analysis from the last video paid off today as the market completely repeated itself and the same rules applied!
This video series is geared towards Investors, Swing Traders, and ultimately Day Traders who want to be armed with key observations for the upcoming major market move that will be happening shortly! Remember: You will consistently hear me reference previous videos during my nightly presentation. T
hat's because each new video builds upon the last as we demonstrate real world trading and investment analysis. Take the time to review all of our videos to expand your market awareness! You're welcome to subscribe to our videos to keep up to date on the latest market analysis and techniques. Over 7
00+ of your fellow traders have done just that. If you want to be armed with the same education as them, subscribe. Don't worry, we in no way shape or form, spam our subscribers. You become like family to us!
Important disclaimer and reminder for all Traders and Investors! These videos are for educ
ational purposes only. Equities, Futures, Options, and Currency Trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Absolutely do not trade with money you can't afford
to lose. This website is neither a solicitation nor an offer to Buy/Sell equities, futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this channel. The past performance of any trading system or methodolog
y is not necessarily indicative of future results. Absolutely consult your Registered Financial Advisor and your Risk Trading Plan before ever investing or trading any financial instrument!
See more videos uploaded by SnP500Trader
Thank you very much and I'm glad you're back! Just in time for another great trading event. Also, don't forget to go back and watch all of the great videos from last week! Several great learning opportunities for you there! Regards and good trading!, SnP
I'm very glad you're here and learning every day! Just make sure you go back and look at my old videos! History repeats itself time and time again and the things you learn along that video journey will strengthen you as a trader! Regards and good trading! SnP
Great Video tonight, but something you mentioned concerned me it was that we could get a quick 10 points if we breakout from this coil. What happens if you get a big green or red bar while waiting for a two bar confirmation and there is no pullback? What are the mechanics for entree?
Thx, Sto
Important for every trader and investor alike to remember: Bears make money, bulls make money, and pigs get slaughtered, don't be a pig! With that said, opportunities get missed. My Risk Trading Plan doesn't allow me to trade from 4:15p.m. - 3:00a.m. ET, yet we're getting a move right now as I t
ype this. So no trade because I'm not going to bend my rules. So trade your plan, but keep in mind the conservative approach you've learned here! Regards and good trading!, SnP
Yeap, I was just writing Stocon about that as well! There will be plenty more of these to come tomorrow, and the next several weeks. Regards and good trading!, SnP
Thank you for the compliment. If I have time in tomorrow nights video I'll try to review some of those key chart highlights! Regards and good learning!, SnP
The Day Trading Video Course is not available yet. I'm taking my time to make it really nice. Plus the website and preparing for upcoming speaking engagments are priorities! As for the Mentoring, I actually just launched the new version because there are over 80 candidates requesting it. I cou
ld no longer do it the way I did it previously. Just send me a quick note to my gmail account and we'll try to help you as well! Regards and good trading in the meantime!, SnP
Thank you for your encouragment and respect for my time! Many of the questions asked will be on the FAQ section of my website so that will help significantly! As far as my charities, I have four in particular I'm very committed to. I'm looking forward to people donating to them on days they've
had good trades using my education! So thank you for being willing to be a part of that! Regards and good trading to you Namji! SnP
This is a great channell from what i've heard(and seen). No doubt there is a lot of valuable information here. However, because the time of the videos) is limited, it is obvious that not a lot can be shared.
Thus,can you please point out some books (or other type of documentation)usefull in a begginer's or maybe average trader "career" that may be usefull(except the upcoming video course I've heared is coming).I would really apreciate it and I'm sure others would to.
Thanks!
First, you are very welcome my friend! I'm glad you're here as always! Second, your observation on the MA's is exactly right! I try to tell people that all the time! It doesn't matter how many people know something, it doesn't mean it will stop working. Look at all of the classic technical patte
rns, MA's, and countless other indicators. Many have been around for several decades, yet still have validity! Regards and good trading!, SnP
I've found many books have a few downfalls. First, many have a bunch of "filler" in it, such as what kind of computer to trade, how your office should be set up, etc. Second and as important, many books are just advertisements because to use the special indicators or whatever it may be, you ha
ve to buy their additional services. There are some good books out there though, and I will have that on my "SnP Favorites" section of the website! Regards and good trading! SnP
Thank you for such a great letter! I'm really glad you're here learning as a fellow seasoned vet! Not every one out there is happy that I'm helping the trading community. Many would like to have their fellow traders kept in the dark like mushrooms and feed off of their horror stories with laugh
ter! So the more the unhappy people gripe, the more I know I'm teaching good people be more successful which dissapoints them! Regards and good trading WS! SnP
A few things... First, yes, in general, pullbacks to my resistance in the downtrend are sell signals. Second, this channel is not really meant to be a traders alert service and I haven't opened the official chatroom yet as a venue for that. Third, trading right before potentially news makin
g speeches is risky, so consult your Risk Trading Plan. So please be patient on all accounts! Regards and good trading! SnP
About 50 seconds into last nights video I posted the levels. That includes all level except for todays pivots at 1273.50, 1251, 1238, 1215, and 1202.... Regards and good trading!, SnP
Thank you for such a great letter and I'm glad you're here! My video dated 07-16-2008 is dedicated to people like you who are bypassing the impatient trades! Regards and good trading!, SnP