Day Trading Mastery

Achieving Mastery in Day Trading: The Process of Executing Key Disciplines Is The Secret!

Becoming a successful profitable day trader is the most difficult business in the world to master and, at the same time, it is potentially the most profitable set of business and life skills that you can develop for yourself, as an individual.

Achieving mastery in day trading is a process of executing key disciplines every day, consistently. Even with those words being said, the process of achieving mastery in day trading is simpler than most people realize, if they can release the “mental baggage” that each person carries with themselves each and every day.

The process of achieving mastery in day trading requires that an individual learn the five vital skills of the trading game:

1. How to gain a technical trading edge over your fellow traders. (10% of trading)

2. How to control risk, based on account size, and how to properly manage a trade once they have entered into a trade. (15% of trading)

3. Deciding on your specific philosophy about trading based on your personality and your own mastery of your personal emotions regarding fear of losing money, fear of missing out on a potential opportunity (another way of saying this is…your greed factor), your ability to let your ego accept the fact that you will be wrong from time to time and your ability accept the fact that trading is a game of understanding the interrelationship of two probabilities…a) your average $$$ Won to average $$$ Lost per trade and b) your actual Win/Loss percentage of trades. (20% of trading)

4. How to properly write out a very specific and detailed trading plan and having the patience and discipline to follow and execute that plan, as it was written by you. (25% of trading)

5. How to properly document your daily actions, in real time, and make adjustments to your rules, based on your actual trading results, and how to continually look to refine and improve your pattern recognition skills. (30% of trading)

It is very important to understand that if you do not master ALL of the above five day trading skills, there is an extremely high probability that you WILL FAIL. Each one of the five skills are actually 100% of trading in their own right…but, as you master each one of the skills, its relative importance to the big picture is indicated in the (% bracket). In short, as an example, what this means is that if you don’t get a technical edge, that part is 100% of trading and you WILL FAIL, however, after you get a technical edge, it now becomes only 10% of achieving success as a trader.

Most traders are successful people in other areas of their lives and may have had prestigious careers such as doctors, lawyers, engineers, scientist, mathematicians, entrepreneurs, CEOs, COOs, CIOs, professional managers and just plain successful people in life, who have the desire to accomplish something great. However, those skills are NOT the skills that you need to be successful in day trading. This is what throws people for a mental loop…they don’t believe what I have just written in this paragraph. They believe “they” are different and smarter because that is exactly how they have overcome the odds in their previous careers and they succeeded. The game of day trading has been established by the brightest people on Wall Street and they know exactly how to exploit your mental and emotional weaknesses. The game of day trading has been designed so that there are only a few winners in the game. Depending on whose statistics you believe, only 5% to 7%, maximum, will succeed at the game of trading. The game of trading is designed to take ALL OF YOUR MONEY. If that scares you, then you are approaching trading with the first correct mindset…meaning you better take this serious and not look for short cuts. That is the only way you can become part of the 5% to 7% of the winners.

The beautiful part of day trading is that for the 5% to 7% who actually do make money and become successful…you can make a tremendous amount of money and build tremendous wealth for yourself, your family and your heirs. Now, that’s an exciting thought.

Unfortunately, at the beginning, most traders, myself included, underestimate what really it really takes to become successful, because most traders don’t truly understand how to win at the game of day trading themselves. The most important thing a trader can do is to locate a successful and profitable mentor to teach them exactly how to trade. With that said, that is the hardest part of getting off to the right start. The mentor must know how to first make money trading their own account and second, they must have a complete plan and methodology to teach you how to become an independently successful trader. You should not NEED them to move forward with your trading.

Truthfully, most day trading trainers are NOT really skilled educators. How do I know that? I spent a fortune on different trading systems and hired many of the “so called” trainers. So, you are most likely going have to go with your gut feel…about human nature. But, here are some things I found out, by trial and error, and hopefully they may help you shorten your learning curve and speed up the process of success for yourself:

1. If the trainer’s whole trading system is about their proprietary indicators, that issue should be a BIG RED FLAG. The problem with proprietary indicators is that when a trade doesn’t workout, you don’t know if the indicator was functioning correctly or set correctly, OR if it was something else that didn’t work out. When your current version of your software is upgraded…for example, Esignal going from version 10.0 to 11.0 or Trade Station going from version 8.3 to 9.0 or whatever, what do you do if the third party does not make the necessary upgrade to their indicators so that it works with the new upgraded version of their platform software? Therefore, if the trainer is NOT teaching you how to become successful with standard indicators that comes inside your current platform’s standard indicators package, be careful of the position that can leave you in. I experienced that scenario on three separate occasions so I know from first hand experience how frustrated and devastated you can be when that happens.

2. I am not saying that a trainer shouldn’t have a couple proprietary indicators. What I am saying is that if they do have any proprietary indicators, they should be confirming indicators to the methodology that they are teaching you so that you are not dependent on them as a primary way of trading.

3. Be very wary of the trainers who want you to come into their live trading room. You need to become an independent thinker so YOU learn how to make independent trading decisions and learn how to spot the patterns on your own. You need to train your own mind to be successful…so the training system’s methodology has to have a way for you to begin to train yourself, not becoming dependent on them calling out trade signals in a live room. You need to become comfortable being a lone wolf in your trading career. When your rules are clear, you don’t need a live trading room as a crutch. Read this last sentence again…it is very critical to you becoming a successful profitable trader. Your success should be judge by you every ten trades. You look at YOUR RESULTS and then, decide any adjustments to be made to your rules AFTER you complete every ten trades. Let’s make sure you understand…you start out with a set of rules…you execute those trades per your written rules ten times in real time. What you should first do is implement those 10 trades in Simulation Mode and look at your results. Those first 10 trades become your control group of results for ten trades. Your first evaluation is.. did you execute the trades EXACTLY as you wrote those rules?…you can not change something UNLESS you have actually executed the rules as you wrote them…otherwise, how do you know if the rule works or doesn’t work. You keep taking trades and evaluate your discipline and your effectiveness after each group of ten trades. Your goal is to become profitable in Simulation Mode FIRST before you ever consider going LIVE with real money. Never go LIVE, if you have never been able to become profitable in Simulation Mode. This means there is something wrong…it could be that you don’t have the proper control over your emotions and/or your discipline OR it could be that you may need a different mentor…at least if you follow this methodology, you would still have the capital in your trading account.

4. Choose ONE mentor…if you don’t get results with that one, then choose ANOTHER one. First do what the ONE mentor is telling you to do…don’t listen to multiple people, especially if they don’t know that you are listening to someone else OR if your mentor does NOT understand what the other person is teaching you. You have to have the guts to make the decision…LISTEN TO THE ONE MENTOR WHO IS TRULY TRYING TO HELP YOU. When they can’t help you any more, then, tell them you have chosen to listen to someone else. You can still have an exchange of ideas relationship with that person…but, not a mentor relationship. Everyone’s time is better served if the mentor is clear about WHO you are actually following. And, perhaps more importantly, YOU are clear about what philosophies you are following and developing for your life and trading career. You have to have a clear set of guiding philosophies about trading in order to have a clear thinking mind.

5. Get real clear on working on improving yourself from a personal growth and discipline standpoint. You MUST overcome your weaknesses because trading will definitely bring those weaknesses to the forefront every day. You must become totally honest with yourself. You have to ask yourself the hard questions like: Why can’t you surrender to the process? Why do you feel you have to “add” something to what you have just been told? Why can’t you believe and trust that the setup works like you have been told? What are you afraid of…be honest with yourself…you have to overcome that fear? Why can’t you just click in at the open of the next bar…without seeing if it is going in your direction first…if that is what your rule says to do? Why do you let the fast movement, the up and down movement of the price, scare you into thinking you may be doing the wrong thing? Why can’t you let a move of 8 to 10 points just go without you feeling that you should have been in the move or you are anxious about what you are “losing”? Why can’t you understand and believe that the simplicity within the complexity is the solution? Why don’t you do the process exactly as you have been told FIRST, before forming judgments or making any “so called” improvements?

6. You must understand that the process of mastery is a discipline or a set of disciplines implemented the same way each trading session. Your goal should be to have a flow (a way of watching the price action unfold) or an approach that allows you to burn the various patterns and procedures into your subconscious mind. Your goal should be to execute on the trade opportunities that you identify and to do so in a mechanical nature so that the emotions are taken out…you see the opportunity…you press the button and then, follow your rules. Let me make sure you understand what a pattern is…it is a price pattern…it is a recognition that certain things happen at certain times of the day…it is a recognition that when the Time & Sales window speeds up right when the price is going through a Pivot Zone (like a R1 or S1), the price will most likely breakthrough that Pivot Zone…it is a recognition that the trend is up/down depending on whether the price is above or below today’s Point of Control…it is any type of distinction that you notice that gives you an edge in trading. When you systematically follow the disciplines as you are being taught…are you burning them into your subconscious mind?

The reason why you should make sure that your mentor understands these types of issues is because THEY MATTER! So, if a trainer’s focus is only on entries and exits OR teaching you how to use their proprietary indicators, you are going to have to make sure YOU figure out how to do the rest of the things you need to learn or you better hire an additional person to help you figure out the things that they are not teaching you. If you are not sure I am guiding you in the right direction…give them a copy of this document and ask them to comment on these points from their perspective or they can call me directly at 512-748-4237 to clarify any points that they feel I am misguiding you on.

For example, if they commit to you that they will update their proprietary indicators, in a timely fashion to your day trading platform, then that is not an issue…as long as they remain healthy enough and committed to uphold their end of that commitment. My goal for you in this document is to get you to think for yourself…don’t fall for the misleading hype that is out there. And for those, that want to be mentored by me, this is my first written communication that I want the student to read so that they truly understand that there is a lot to actually teaching a person how to be a successful trader. The easy part is telling you what to do…the trade setups…how to write your rules…the hard part is to actually get you to FOLLOW MY INSTRUCTIONS exactly as I tell you to do them.

Each person is different because each of us has our own “mental baggage” and we are afraid to show those faults to another person. That’s how we succeed in our other professional careers…the faster you can get over those kinds of “personal problems”, the faster you’ll succeed at trading. The truth of the matter is that I have to figure out what a student problem is…because they don’t just come out and say, “I am a skeptical jerk who always questions what someone tells me…and I have to tweak things when I feel that they should be tweaked”. It would be easier if they admitted their faults so we could move past it…but, they fight to hold on to their old habits…even if they know they are bad for them.

As you can surmise by reading this, the approach to mentoring someone requires a holistic approach that incorporates multiple disciplines in a cohesive integrated approach that can be tailored to the specific needs of an individual based on where they are in their life. You have to teach someone who has a self esteem problem one way, while teaching another person with self confidence a different way. More importantly, your teaching process must allow them the opportunity to discover these issues, as well as other issues, for themselves.

If a teacher keeps their students using “crutches” like just watch me trade live and let it sink in and you’ll eventually get it, that teach is creating a student who is NOT being forced to actively use his or her mind to think through exactly what has to happen in order to take a trade opportunity that actually works. The student has to get rid of any and all “crutches” as soon as possible so that THEY CAN TRUST AND BELIEVE IN THEMSELVES and BELIEVE IN THEIR TRADING METHODOLOGY.

In the final analysis, in order for anyone to implement any day trading system or methodology successfully, he or she MUST BELIEVE IN THEIR SYSTEM. They must remove all doubt in their mind…that’s why a mentor or teacher should teach their students both life philosophies and trading philosophies. In order for a student to believe in their day trading system or methodology, you must also have a way for them to gain confidence in their ability to teach themselves. They have to follow ONE person until they can get results for themselves…the results are easily measured…Do you have more money in your account after trading today than you had yesterday? Only your results matter. You don’t care about what anyone else is doing. You need to find out what type of consistent numbers that you can do based on your trading skills and trading knowledge. You do not have to care if someone is a better trader than yourself.

If you figure out how to consistently make $200 per day trading one contract (it doesn’t matter that someone else makes $1000 per day), you can make $2,000 per day trading 10 contracts and $6,000 per day trading 30 contracts. Once you have a methodology that you KNOW for yourself that it enables you to make for YOURSELF…$XXX dollars per day per contract. The way you get wealthy is to then have a process to begin scaling your way to success based on how you have figured out how trade and to pull the money out of the market.

You don’t have to compare yourself to any other trader. You do not have to become some great master of day trading to get rich and wealthy…all you have to become is a trader, who believes in his/her methodology and the process of executing the key disciplines and who believes in themselves. That’s why you need to be taught in a manner which forces you to believe in your methodology, your process and yourself. The best way for a mentor to do that is to do that with the proper objectives and to understand that each student trader must become independent and self reliant as quickly as possible.

Recently, I had a potential student trader over to my house so he could watch me trade LIVE. In the two hours that he watched me trade, I made several thousand dollars. In this particular student’s case, he had done some work on one of my rental properties and I wanted to make sure he really understood what he was asking me to do for him, when he asked me to coach him. I told him that I would do him a favor…but, in order for him to understand what I would be “giving up” to teach him how to trade, I had to show him what kind of money was possible to be made in day trading. I wanted him to know that IF I took him on as a student, what it was costing me and my family to teach him because of my opportunity costs. I wanted to make sure that he understood that whatever money he was paying me was not significant from my standpoint. But, I wanted to make sure the amount was significant from his standpoint so that he would take the training serious.

When you consider the opportunity that a student gets when he is mentored by a teacher who cares about whether the student succeeds or not, the price invested in themselves is just a small fraction of the benefits they will receive when they internalize the process of mastery and work through their personal issues. The reason most traders fail is that they have not been taught trading from a holistic trading perspective which teaches the student both life and trading skills. And, they generally blow out their accounts before they are able to hang around long enough to truly find out the key components and skills of day trading.

I teach people during the course of a year because it makes me a better trader whenever I do so. I look for students who have desire, an open mind, a willingness to be coached and someone who will do the work required to succeed. I learn additional distinctions, either about trading distinctions or about how to teach each part of the process better, whenever I help someone improve their lives. For me, my ultimate primary goal in teaching people is to perfect the process of teaching trading from a holistic model so that I can pass on my trading knowledge to my daughter when she graduates from high school.

Also, I feel good being a cause agent in helping to give people an opportunity and a vehicle to change their lives. As you can probably tell, if you are still reading this, I am pretty straight-forward person. The other day I got a call from one of my Canadian students (it was the first day of a new month) and it was one of those very rewarding calls to receive. This guy told me… “Nate when you trained me about 45 days ago…I had a total of $10,000 and when I gave you half of that I was scared but, I believed in you. I have been so excited and I wanted to call you, but, I wanted to wait until I had a full month of trading results before I called you. I was able to take the $5,000 and turn it into $13,000 the very first month. I am so grateful that you took me on as a student. Thank you for changing my life and giving me a way to keep moving forward on my own.” I loved receiving that call…it made my day.

In training people, I use a straight-forward, holistic educational approach and I usually start backwards when teaching people. My goal is to help you get the “mental click” faster regarding what is important versus what is not important. So, rather than starting with how do you enter a trade, I will start the process at establishing an initial Ten Trade Control Group from which you now can begin the process of teaching yourself how to become a better trader.

For example, if you are trading 3 contracts on the emini ES (S&P), let me take you through the first process. I have to make a few assumptions first. Let’s assume that you have a day trading methodology that gives you a 60% Win to 40% Loss Ratio (meaning you are right 60% of the time and wrong 40% of the time) and you have a Profit Factor ($$$ made when you Win to $$$ lost when you Lose) of 1.70…you can succeed as a professional trader.

So, let me go over what a sample Ten Trade Control Group could look like trading three contracts scaling out when exiting a trade in 1/3rds. Let’s say you have targets of T1 equal to 2 points, T2 equal to 3 points and T3 equal to 4 points…then, when you have a trade that hits all three targets, you would earn $100 + $150 + $200 or $450 dollars when all three targets are hit. Let’s say that you lose a maximum of 2 points on any trade that goes totally wrong for all three contracts…that would be $300 lost when you lose those trades. Let’s make the following assumption…out of every 10 trades you only have two trades that hits all three targets…you have three that hits the first two targets and the third contract at +1 tick so the total for those wins would be $262.50, you have one trade that hits only the first target and the remaining at +1 so the total for that win would be $125. One of your losses hits the +1 for the three contracts that would be $37.50…two of your losses are at -4 ticks or ($150 loss for each) and one of your losses is for the full $300. If you add up your wins for the 10 trades, you would get $1812.50 and if you add up your losses you would a minus $562.5…for a net before commissions of $1250 and at $6 per round turn for a total of 30 contracts traded, you would subtract $180 for commissions, from that to give you a projected Net Ten Trade Control Group Profit of $1,070.

With the above as your “initial starting control group per ten trades”, you are now in a position to compare what you are doing in Simulation Mode to the projected Net Ten Trade Control Group to start documenting and evaluating your own numbers from your written trading rules. You should never trade until you have written rules and procedure. Don’t just “click into a trade”…to see what happens. That is an extremely undisciplined approach to day trading and extremely destructive to obtaining proper thought procedures in your trading career.

Your goal should be to start training and teaching yourself the proper set of disciplines from your written plan and then, make adjustments after completing each set of ten trades. Now, before you statisticians start screaming out there, yes I know that 10 trades is not a statistically relevant sample size. I am not an idiot. However, if you continue this process, you will eventually have 10, 20, 30, 50, 100, 200 and 500 trades, which becomes more and more significant as time progresses and your day trading career improves. My purpose in giving you a process and a procedure is so that you can have a way to teach and train yourself in a systematic and disciplined approach right from the beginning of your trading career.

The next logical question in your mind should be something like… “what do I have to do to get my own projected Ten Trade Control Group to be near, equal to or greater than $1,070 per ten trades?” The answer may surprise you. You have to have a “healthy respect for the market” and manage your stop placement in a mechanical systematic way for each trade with the goal of minimizing your risks and protecting your capital first. Your philosophy about day trading, using this descriptive procedure, is that you catch the trades that “fall out of bed” so to speak and you protect your money on the trades that don’t immediately “fall out of bed”.

Here’s a sample trade management stop loss procedure (do not use these numbers for your trading system…this is an example to show you the process) that you can implement EVERY time you enter into a trade. It is the process that you want to be mechanical:

1. Each trade starts out with a three contract stop loss of 8 ticks every time you enter a trade. If you enter your trades correctly, we are hoping that you only get hit with the total stop amount, one time out of every ten trades.

2. When the market moves 3 to 4 ticks in your favor, move the stop to minus 4. The philosophy for doing this is to say…you don’t want to just sit there passively waiting for the price action to come back and hit your stop…protect your money.

3. When the market moves 6 to 7 ticks in your favor, move the stop to be +1. If the price action comes back to hit you stop…at least you have your money to take better trades down the road.

4. When the market hits your first T1 target, leave your stop where it is to give trade room to hit your remaining targets…your goal when doing this is to let your winning trades maximize its potential. The other thing you are doing is mechanically managing your trades, after you have entered into a trade, so that there is no emotion when managing your trades. The bottom line is the market moves this amount…you move your stop to the next point…you leave it there until the market moves the next amount…then you move the stop to the next amount…there is no hope and praying here…the market does this…you do that.

Now, as you document and compare you trades to each subsequent Ten Trade Control Group, you should establish you own Ten Trade Projected Profit Number for every ten trades you take. If you match the control group, then you’ll know that you are making about $107 per trade for every ten trades.

Remember, you should still be in Simulation Mode until you have consistently produced profitable numbers for every ten trades for at least 40 to 50 trades (I would honestly say…go to 100 trades…but, most people are not going to wait that long to go LIVE.) Now, when you go LIVE, here’s the key part to note for yourself. You have now introduced the most important part of day trading into the equation…YOUR EMOTIONS. It is natural to have a sense of panic at this point…you have to fight through this…and hopefully, without you blowing out your account. If you have implemented your trading rules in Simulation Mode for at least 40 to 50 trades, you should be nervous those first couple trades…you have to develop your mind and control of your emotions and your discipline to get through these fearful feelings. ONLY YOU can know when you are ready to go LIVE. You are responsible for your own future and your own trading…you must develop the skills and courage to click in and click out of trades.

Now, here’s where life philosophies become intertwined with trading philosophies…and why, I teach people “how to teach and train themselves”. The more “mental baggage” that you have as a person…this is where you have to have ways and philosophies that can help you to overcome those issues OR you will never be a successful trader. It is in this area where I help my students face their real fears “head on” and give them ways to come up with solutions for themselves.

Take a moment to listen to the audio link on my website titled Achieving Greatness. It is a 1993 audio program that I recorded that should provide you with some incredible insight because the principles stated in that recording are still valid today. Honestly, it is an uplifting audio program with lots of practical useful nuggets.

For example, everyone has their own belief systems about how to use and not use Simulation Mode versus LIVE trading. For me, the purpose of Simulation Mode is to gain practice on your execution platform so that you can develop the manual dexterity skills to move the stops and targets properly. And, the second purpose of Simulation Mode, initially, is practice your discipline to make sure you know how to follow your rules so that you can tweak your rules to make sure you are profitable in Simulation Mode before you take the plunge to go to LIVE Trading.

My own personal philosophy and it goes right along with my own personal life philosophies is that once you go LIVE…you never go back to Simulation Mode. If you perfected the methodology in Simulation Mode before going LIVE, then, if you are ON the battle field, you have to handle your emotions on the battle field…period. You will never handle your emotions in Simulation Mode because you have nothing to lose…so if you know this is going to be an issue for you…do 100 to 150 trades in Simulation Mode to get your confidence and belief up…but, once you go LIVE…GO LIVE…period! You must eventually learn how to handle the pressure with your money on the line. There are techniques that can help you through the process…but, they are different for each person.

If you can’t handle the emotional pressure of LIVE trading, trading may not be the career for you. Set a limit for yourself…only you can set the amount of your limit…when you lose X% of your account…you will stop trading for 90 days to work on your “mental baggage” issues…then, come back and try again after you have resolved your “mental baggage” issues. Read some day trading books like Trading in the Zone or the Life of Jesse Livermore…as well as attend a personal growth seminar or do whatever you have to do to clean up the issues…you will need to deal with these issues. If you choose to not have me be your mentor to help you through this type of stuff, then, find someone else to help you deal with these things because you need to learn how to master your emotions in order to become a profitable trader. Take a look at my Day Trading Blog for some things that can help you.

As an astute student, you will realize that I have not even begun to talk about understanding the flow of price action in the market. There are definite rhythms of each instrument that you must uncover in order to become a successful trader. Please note that I am talking about price action flow, not trade setups. There are various events that repeat every day…if you know about them. They are NOT obvious and you most likely will NOT find these things written in many of the day trading books. What I am saying is that there are some well kept secrets (or specialized knowledge) that can give you an edge when you know about them. And, this information is in addition to the actual trade setups.

How I discovered much of this unpublished information is that I found people/traders who knew more about a particular subject area than I did…in areas like general money management, trade risk management, inter-market relationships, floor trader secrets, specialized CCI pattern distinctions, market profile, price action flow analysis and a host of other specialized topics…then, I paid them for an hour or two of their time. Let’s say I found out that a trader had specialized knowledge about ZLRs…I simply said the following to the person…“It is clear to me that you are extremely knowledgeable about _______________. That is an area that I want to improve in my own personal trading. Would you be offended, if I paid you $2,500 for one hour of your time to answer all of my questions about that particular subject area?” No one turned down any of my requests.

Here’s why they didn’t turn me down…I respected their knowledge and I was willing to pay them top dollar to get the information. I didn’t not ask them a stupid question like “what would you charge me for an hour of your time?”. If you don’t know why that is a stupid question, you don’t understand the fact that YOU will be the biggest benefactor of the specialized knowledge that the other person has, that you don’t have and may never get…you don’t understand the fact that you are lucky if the person even said…YES. Those people were happy to go out of their way to share incredible information that would benefit me financially while trading for years and years to come. Also, here’s what a successful person knows…even if you paid him/her $5,000 for one hour of their time, they know that YOU are going to get the opportunity to make a fortune if you implement the information that they share with you.

On the surface, day trading appears to be random…and truthfully, it is and it isn’t. There are many kinds of markets and I have determined that there are five generic types of markets and those five can occur with low volatility or high volatility. Therefore, that makes a minimum of ten different types of markets that you have to match your trading setups to in order to make money consistently in the markets. Now, before going any further in your thinking, does it make sense to you that you might have to make various types of trading adjustments when a market has high volatility versus low volatility? Do you currently know what to do and how to handle just these two market conditions at the moment? More importantly, do you have it written down in your rules how to identify and account for the current volatility in the market when taking your trade setups?

In every market, there IS A FLOW to price action that repeats itself, if you know the rules. You must KNOW that the flow happens and then, you must identify that flow so you can determine when to take certain types of trades AND your rules must be congruent with this flow and rhythm of the market. This flow happens as events, at certain times of the day and at certain times of the month. For example, most people do not realize that the Smart Money Professionals have a clearly identifiable way that they test whether the market is ready for price to be driven (taken) up. The Smart Money Professionals know that when there is no more supply at a certain price level that it is at that moment that they can take prices up quickly with little resistance (meaning they will not have to absorb a significant amount excess supply while they are driving prices higher). With very little resistance to overcome, the specific move is much more profitable for them. You can be on the correct side of the trade, with the Smart Money Professionals, once you learn how to identify the rules and patterns. Understanding and developing written rules that make it possible for you to stack the odds of price action flow in your favor, makes it possible for you to increase your day trading profits.

As you can surmise from reading this document, day trading is much more complex than most people realize. However, day trading is also much simpler than you can imagine. Please remember this… “When you figure out how to consistently be profitable in LIVE trading based on every 10 trades, it doesn’t matter whether that number is $500, $1,000 or $5,000 per 10 trades, YOU CAN BECOME WEALTHY!”

Whether you and I ever pursue the trading wealth building journey as a student and mentor, is not the issue. Just know that it is possible for YOU to become a successful and profitable trader. Hopefully, the educational information provide within this document inspires you to go for your dreams…in your own way. You don’t need me…I taught myself, so that means that you can figure it out for yourself as well. I may be able to help you speed up your process of achieving day trading success…if you choose to go in that direction. Simply give me a call at 512-748-4237, if you have any final questions that you believe I can answer for you. If we both decide to actually work with each other, then we can decide the next steps. I honestly have to want to work with the person because I want to enjoy the experience of working with a motivated and dedicated student as well.

My hope is that this initial document gives a potential student a balanced understanding of the complexity of what has to be done to achieve mastery in day trading so that you can understand that you are about to be undertaking a great process that may change your life for the better, if you surrender to the entire process and do the work. The choice of Achieving Mastery is a beautiful thing…that can be accomplished…but, it is a choice that you make for yourself.

All the best to you,

Nate Brooks, Harvard MBA