NQ YE Risk Controls

12 Nov 2023

Year End and 2024 Trade Planning. The fact is that 95% of all Traders lose money and 2.5% break even and only 2.5% make a living. The alternative model (and less expensive) would be to hire a coach and use an institutions money to trade. This make cost less than what the 95% spend in losses. The moving parts would be to hire a coach that has a proven track record with forecasting and making intraday trade calls. The funding of capital can be obtained with qualifying with a Funded Trader program. The Coaching expense and initial Funded Trader program fees may be less than expense (losses), until you qualify for funding. You may actually turn these initial expenses into an investment that will show a profit, sooner than the alternative. If your losses are more than a $1,000 a month than you may want to consider this alternative.

The NQ and intraday points. The NAZ will generate 300 or so points per day of major moves (long/short). The short time frame (intraday) will be the most difficult timeframe to trade, but most rewarding (if managed correctly). The management will/may come through the coaching/funding structure. Development of intraday trading skills will take time and will pay off with a fixed monthly expense (as opposed to variable profit/loss).

Steps to review:
1) Find an intraday Coach that has a proven track record of years of Daily Forecasts and intraday trade calls.
2) Research a Funded Trading firm that has the best funding structure, for the cost. Firm variables such as Daily Loss Limits and Risk Controls will vary.

Good luck with your trading and control the risk.

12 Nov 2023

Nota

Year End Opportunity: 7% to the Top or ATH. That would be an 18% run from the direction change bottom. Or do we we direction change 7 and back lower? Since July high the major turns have produced 55% for the trader that was perfect (with major moves point to point, Long/Short). Intraday Pt/Pt, would multiply the opportunity at an average of 300 points per day since July 17th.

12 Nov 2023

Nota

Trend Direction Signal (Basic): Downtrend - Each Circle, Price is under the Open Range Mid Level (1st 30M) and breaks the Reg Session low of prior day. Just notice the busywork whipsaw above each circle.


Trend Direction Signal (Basic): Uptrend - Each Circle, Price is above the Open Range Mid Level (1st 30M) and breaks the Reg Session high of prior day. Just notice the head fake short of 11/9 (white arrow) and break out on 7/10.


Anyway, the idea would be to find the coach/service/system/fortune teller/etc., that called both of these moves (prior to EACH move). Short/Long would have been the sequence.