Category: Spotlight Power Trader
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The Perfect Trading Session, Crude Oil Report
This is truly the perfect trading session. It wins so much. Today, the full trading goals were reached with the very first trade. Both Spotlight Power Trader and Counter Punch Trader were one and done, finished within minutes. That’s what makes this the perfect trading session. It just wins so often and requires such little…
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My Favorite Trade — Head Fakes Make Money
My favorite trade is a counter intuitive, trader trade, where I wait for a head fake and then take the big move that typically happens in the opposite direct. In fact, I gave a spontaneous clinic on this sexy maneuver today in the traderoom. If you want to hear about this setup, how my day…
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Simple Trade Technique that Stacks the Odds in Your Favor
This simple trade technique is nothing new, but many people probably don’t know about it. I showed it yesterday during my Wealth365 presentation and in fact, jumped on a trade about 30 minutes before my curtain call. Basically I look for a particular candle stick that stabs up into ‘my lines.’ When I say ‘my…
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Crude Oil and Houston – But Don’t CALL Me Houston!
Crude Oil was on fire again this week, not literally, but as a day trading instrument. Our Weekly Crude Oil Report Session won again. Unfortunately for me, I was on checking through airport security and my mistimed travel itinerary caused me to miss it. Both Counter Punch Trader and Spotlight Power Trader won again. Spotlight…
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The Russell eMini — Kick the Door Down
The Russell eMini is one of my favorite markets to daytrade with the Spotlight Power Trader. Today, while trading from beautiful Woodlands Texas, things didn’t work out so well for me. To hear the full story, check out my Podcast, “The $500 Cup of Coffee.” Let’s just say, the tradeplan kicked butt. The only way…
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Reliable Winning Tradeplan that Keeps on Winning
The most reliable winning tradeplan I know of is the one we do each and every week. The most reliable winning tradeplan happens two minutes after the Crude Oil Inventory Report comes out and I’ve been recording these exact sessions for years. Trading doesn’t have to be difficult or mysterious. Well perhaps the fact…
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Winning Crude Oil Inventory Session, Miami Beach
My Winning Crude Oil Inventory Session from Miami Beach This weekly trade captures the essence of the BackPack Trader. In the true spirit of the Backpack Trader, I traded from my hotel balcony today, overlooking the lively Espanola Way. Have laptop (and internet), will travel! Trading my winning crude oil inventory session with one of…
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Proven Tradeplans Make Money, Random Trades Don’t
Proven Tradeplans make money. Random trades do not. That’s one of the great secrets to successful trading. It’s all about proven tradeplans. That’s what gets you to becoming your own version of the Backpack Trader. Freedom, lifestyle, all the good stuff. There were some good lessons to learn from yesterday’s session pertaining to our theme.…
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Dynamic Trade Setups are Powerful
The Power of Dynamic Trade Setups is one of the essential ‘12 Powers to Successful Trading.’ Dynamic trade setups are able to self adjust to real time market conditions. This is important for several key reasons: Price action — price is always moving, ever changing in volatility, velocity and intensity Static trade setups don’t work…