Monday Day Trading: ES Spike Reversal Trade Short

This trade did not work out this morning. My trade had me short at 9:45AM Eastern time, and shortly after my entry point my protective stop was hit. My thoughts were still at that time, that the market still had a lot of room that it could retrace back to the gap.

At this point in time, I noticed that the ZB was forming a SR and that was the trade that I took at 9:50AM Eastern time as the ES finally broke down. My next chart will show my ZB trade.

So I had one winner and one non winner today.

Good Trades,

David AKA Tiger

Best Trade of the Week Video in ZB Market

Friday Day Trading: ZB Employment Friday

This trade was placed at 8:35AM. This was 5 minutes after the release of the Friday Employment Numbers. This trade can be the most risky trade to put on, but when it works in your favor it happens in a short period of time.

The total time in this trade was less than 5 minutes for a profit of $375 per every 2 contracts traded, or 12 tics per contract at $187.50 per contract. My advice on this trade is to trade in very small contract size. To cut your contract size in half is normal. For example, if you trade 4 contracts on the ES, then only trade 2 contracts or half your normal amount.

You will earn half as much as you would normally, but you only will lose half as much as your full position, just in case you are wrong. This trade should only be put on, if and only if, you have a trading gain on the month to offset the trade. You want to finish the first week of the month at breakeven or better to allow you to continue to EARN from the market for the rest of the month.

In any case, I wish you all the best in your trading, and I will be making a video of one of my trades this week to explain my reasons for entering.

Good Trades,

David AKA Tiger

Thursday Day Trading: ZB Long Trade

Click on chart for comments on the trade.

Good Trades!

David AKA Tiger

Do You Need HELP In Your Trading?

About once a week, I get an email from some trader that is looking for the Holy Grail. Does the Holy Grail exist in trading? My answer to that question is NO. I have found no trading method or system that you can simply put on autopilot and let it trade for you.

The 'discretion' part of being a trader is what will make or break you and your trading plan. Oh, do you even have a written trading plan? Do you have a long range trading plan and goals? What exactly do you want to make out of your account?

And don't say a penny doubled every day for 30 days ... :-)

Do you have a vision board of the things that you want out of life? What are you willing to do to reach your vision and goals? Are you simply tired of being on the losing side of a trade?!?

You CAN be a WINNER in trading, if you will apply a set of rules, and become a discretionary trader.

Now, one thing that I know about being a trader for over 20 years now is this ... I do not know everything nor do I want to. You do not need CNBC to trade. You do not need a GURU to trade for you. You do not need a financial planner or broker to trade for you.

If you have at least, $5,000 you can start trading the futures market. You do not need to have $25,000 to day trade in the futures market, like you do have to have in the stock market. You can take advantage of leverage and a trading method to help you get into the winner's circle.

There is only one day trading company that I recommend. Honestly, I know there is a lot of CRAP out there, wouldn't it be nice to cut out the CRAP, and get to the REAL THING!

Marcus Heitkoetter's company called Rockwell Trading has helped me and I believe they can help you in your day trading. You will get a trading coach to look over your trading. You will be able to work with a simulated account while risking nothing in the market. You will be able to attend a live chat room that is in my opinion alone worth the price of the day trading course.

And if you tell them David Knight sent you, then you may be entitled to an additional discount in the price of the day trading course, or the Day Trading Boot Camp.

Go to this website:
http://www.rockwelltrading.com/ and take a look around!

I believe with all my heart, that if you are struggling as a trader, this will be a great place to call home for you.

Good Trades,

David AKA Tiger

Wednesday Day Trading: ES Short Trade

Click on chart for comments on the trade.

David AKA Tiger

Video of the Week: Free Fallin by Tom Petty

September 2008 Recommended Trading Book

This is a book that was recommended to me several years ago, and I in return recommend that you get yourself a copy and read it as well. This is from the same author as The Disciplined Trader book.

As in all things, I have been able to take GEMS out of just about everything that I pick up and read. I highly encourage the practice of utilizing the brain that God has given us. We can not trade 24 hours a day, well that is not true, but you should take time off. When you take time off outside of your leisure reading, then I would recommend getting a copy of this book and reading it.

Psychology and the mental makeup of a trader, especially a day trader. This book will allow you to see how you stack up.

Good Trades,

David AKA Tiger

Tuesday Day Trading: ES Short Trade Final

Entry at 1:45PM Eastern time today

1/2 off at 1283 = $150 per contract
1/2 off at 1277.50 = $425 per contract

Per every 2 contracts equals $575.00

Very nice way to start September today!

Good Trades,

David AKA Tiger

Tuesday Day Trading: ES Short Trade

Click on chart for comments on trade.

1/2 off at 1283

1/2 is currently trailing on the greenline now at 2:45PM Eastern time.

I will update the final trade when I finish this trade.

David AKA Tiger

Tennessee Football - Running Thru the "T"

Tuesday Day Trading: No Trades Till After Labor Day Now!

My advice for what it is worth is to take the rest of the week off and await September now. This is exactly what I am doing now. There is no point for me to give back my gains of August on poor volume days like today and what most likely will be the rest of this week.

So another mini vacation from the market is called for in my humble opinion. I will see you after the Labor Day Holiday. As always, if I can answer any question, then let me know.

Lastly, I am recommending the Day Trading Boot Camp with Rockwell, you can read more about it here:

http://www.rockwelltrading.com/

I want to wish you all the best in your trading, and look forward to better trading weeks coming into the rest of the year and fall season.

Good Trades,

David AKA Tiger

Monday Day Trading: ZB 1st Bar Gap Trade

Here is a trade for the brave. We had a big bar open in ZB and was a challenging trade to take on, but one that went to target. This trade also went to the ADR line. It is a good way to start the week in the WINNER's CIRCLE.

Good Trades,

David AKA Tiger

First Ever Day Traders Boot Camp Video

First Ever Rockwell Trading Day Trader's Boot Camp and also a review of my trading station and markets I am currently trading.

Good Trades,

David AKA Tiger

First Ever Day Traders Boot Camp

Hello Day Traders ... recently I was informed of the first ever Day Trader's Boot Camp from Rockwell Trading. This is the company owned by Markus Heitkoetter of Germany and is located in Austin, Texas. The training will be held in Austin, Texas in the month of October of 2008.

Right now to August 29th or this coming Friday, there is an early bird special for a $500 discount on this day trading boot camp. At last count, there were only 10 seats left of the original 30 seats available. The link to look at this boot camp is either on the Trading Lady above or click below:

http://rockwelltrading.com/products-and-services/rockwell-trading-boot-camp

Personally, I believe the best deal is the Platinum Package.

This is an all week course that includes some actual live day trading camp, and some options training as well.

Now with this being said, if the October Boot Camp is out of question for you, then I would highly recommend the Day Trading Coach Program.

You can find it off this link:

http://rockwelltrading.com/products-and-services/day-trading-coach

The Online Day Trading Coaching program is one that I went through personally, and I can attest to the excellent coaching that I received from this 4 week course, with continuing coaching assistance available, and a live daily chat room.

Actually, I am one of the moderators of the Live Daily Chat Room. Normally, I am moderating in the afternoon session at present. If you decide go for this offer, then let either Mandy or Rollie know that I referred you.

Once again, the Early Bird Discount is only good till August 29th, and at last count only 10 seats remained for the very first Day Trader's Boot Camp. I encourage you to take a look, and see if this kind of training is what you need in your day trading career.

Good Trades,

David AKA Tiger

P.S. If you want more information, or simply would like to talk to me before, then send me an email and we can arrange to talk before you make any decision.

Contact me at: TradeCraze@gmail.com