Join us on November 3rd for the marathon Online Traders Summit. Seven Market Experts are going to show you what it takes to be a successful trader in ANY market with ANY account size!
These are all seasoned traders who have weathered difficult market conditions and have come out ahead.
This event is for traders of any level, and all presentations will be recorded and delivered to everyone that registers. Even if you can't make the session on November 3rd, subscribe now to receive the recorded sessions.
BONUS: Many presenters are offering bonus items to everyone who registers to attend. Find out more about the bonus items!
10:00 AM ET Price Headley – How to Make Money with Low-Dollar Options
11:00 AM ET Vince Vora – A Skillful Way to Trade Today's Volatile Markets
12:00 PM ET Barry Burns – Timing Your Trades for Accurate Entries and Exits
1:00 PM ET Chuck Hughes – Profit Guard Strategy
2:00 PM ET Jeff Gibby – Finding the Right Strategy for You in 2018
3:00 PM ET Mary Ellen McGonagle – How To Profitably Trade Pullbacks In Powerful Stocks
4:00 PM ET Vlad Karpel – Three Key Metrics For Consistent Trading Success
Tomorrow, you could begin doubling your account every single month starting with one letter.
The letter will come from a 20-year trading professional named Ian Cooper. He says, “In 2017, following my trades you would be doubling even tripling your account some months. Let me show you how.”
He will show you exactly what to do... and he’ll give you the blueprint for just $1.
Accumulation and distribution are fancy words that traders use to represent buying and selling. Traders like to feel they are smart, you know. If people are accumulating the market, it means they are buying it. If they are selling, it means they are distributing it. It would be a lot easier to call it buying and selling, but then I would not be able to come up with cute initials for it that also happen to be the name of an old rock and roll band. There may not always be logical reasons, but there is at least usually a method to my madness!
We know that people are normally either buying or selling a market, and we also know that these markets tend not to move in straight lines. That is, when we go through a period when more people are buying than selling we can be pretty certain they will eventually change. After all, the vast majority of them will have to sell what they bought at some point. By the same token, an overabundance of selling will eventually turn into buying as well. Knowing that is great, but can we measure it?
I came up with a very arbitrary measure of attempting to read accumulation and distribution using the price data from the last three days. I made the assumption that there had to be selling to get the market down from the high to the most recent close, and also buying to get them up from the low to the most recent close. Consequently, here is my formula:
Accumulation = the current close minus the lowest low of the last 3 days.
Distribution = the highest high of the last 3 days minus the current close.
Whichever of those measurements is larger indicates that there was more accumulation than distribution, or vice versa. What I learned through research is that it is profitable to wait until there has been more distribution than accumulation and then look for a reason to buy. I want to buy because I assume the relationship will change and traders will start to accumulate more. So, when the distribution has been larger than the accumulation according to my three-day formula, I came up with the following four scenarios:
On Monday, if Friday's close was less than Thursday's, we buy at 40% of Friday's range added to Monday's open.
On Monday, if Friday's close was greater than Thursday's, we buy at 50% of Friday's range added to Monday's open.
On Tuesday, if Monday's close was greater than Friday's we buy at 30% of Monday's range added to Tuesday's open.
On Thursday, if Wednesday's close was greater than Tuesday's, we buy at 50% of Wednesday's range added to Thursday's open.
I originally developed this as a method to trade the T-Bond market using a $1,250 stop and exiting at the first profitable open. I was fairly happy with the results, which follow:
I was a little concerned that I had found something that would only be good for the T-Bond Market. That would have been fine because I really like trading T-Bonds, but I found I could take the exact same system and use it in the stock index markets with a fair amount of success as well. The only thing that has been changed is the size of the stop loss, which is $2,000 for the S&P and $2,500 for the NASDAQ.
PLEASE READ: Auto-trading, or any broker or advisor-directed type of trading, is not supported or endorsed by TradeWins. For additional information on auto-trading, you may visit the SEC’s website: All About Auto-Trading, TradeWins does not recommend or refer subscribers to broker-dealers. You should perform your own due diligence with respect to satisfactory broker-dealers and whether to open a brokerage account. You should always consult with your own professional advisers regarding equities and options on equities trading.
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