Added: May 15, 2008
From: SnP500Trader
Duration: 6:57
Watch this trade idea unfold! This is a special bonus video for all of the great traders who have supported me every day! Thank you! Learn to fish for yourself here! This video series is geared towards Investors, Swing Traders, and ultimately Day Traders who want to be armed with key observations for the upcoming major market move that will be happening shortly! Remember: You will consistently hear me reference previous videos during my nightly presentation. That's because each new video builds upon the last as we demonstrate real world trading and investment analysis. Take the time to review all of our videos to expand your market awareness! You're welcome to subscribe to our videos to keep up to date on the latest market analysis and techniques. Over 700+ of your fellow traders have done just that. If you want to be armed with the same education as them, subscribe. Don't worry, we in no way shape or form, spam our subscribers. You become like family to us! Important disclaimer and reminder for all Traders and Investors! These videos are for educational purposes only. Equities, Futures, Options, and Currency Trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Absolutely do not trade with money you can't afford to lose. This website is neither a solicitation nor an offer to Buy/Sell equities, futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this channel. The past performance of any trading system or methodology is not necessarily indicative of future results. Absolutely consult your Registered Financial Advisor and your Risk Trading Plan before ever investing or trading any financial instrument!
Channel: Education
Tags: business charts commodities daytrading e-mini emini finance forex futures investing market money s&p stock stocks
Rating: 4.88 (32 ratings) Views: 2601' favoriteCount='13 Comments: 12
willis1116 Says:
May 15, 2008 - SnP500 Trader Since my last post I have been very successful with my swing trades and with the help of your videos I have become a much better swing trader. I am only 22 years old so I think have a lot to learn still.Risk management and discipline is so critical in this market that you find a way to break down complex ideas in a straightforward matter which most "gurus" failed to understand. Anyway best wishes and good karma to you for being so helpful. :) Willis
sjorlo Says:
May 15, 2008 - EXCELLENT SnP! ! ! ! ! ! ! Thank you for this - this is one thing I've been hoping to see ! ! ! ! ! ! Question: Did you trail your stop up once you were in profit? If not, would you have taken a 3 point loss even tho at some point you may have had a 2 point profit? (This assumes you were monitoring this trade) Thank you SnP - I am with qubertstrek - totally awesome Mr.!!! Steve
rhinethetauren Says:
May 15, 2008 - That was really amazing to watch, thanks for the video! Gah! So many questions, I guess my first is... What's this chat room you mentioned? Oh, I also completed your survey, I hope it helps a bit--I definitely plan on purchasing your video! Thanks, Tim
SnP500Trader Says:
May 15, 2008 - Thank you Q!, I appreciate that! Like I said though, I have a lot more to offer where that came from! We've only begun to scratch the surface! Regards and good trading as always Q!, SnP
SnP500Trader Says:
May 15, 2008 - Hi again Willis!, Thank you very much for that. I'm glad you're here from Canada, like so many other great people here. By the way, your profile says you're 24. Are you trying to get a better rate on your auto insurance? :-) Seriously though, thank you and I'm glad your learning and able to apply the methods I'm teaching and demonstrating here! Regards and good trading as always Willis!, SnP
schatzdog Says:
May 15, 2008 - Hi SnP, Great vid today. What percentage of your trades are at a 1 for 1 risk reward ratio? I'm generally passing on these with a minimum acceptable level being 3 for 1. Thanks again.
SnP500Trader Says:
May 15, 2008 - Hey Steve!, Thank you and you're very welcome! I certainly consider trailing stops whenever I need to step away from a trade for any length of time. However, I was working on the website, the course, and this trade/video throughout the day, so no trailing was needed. That said, never let winners turn to losses out of greed! This is where many of the key psychological pieces come into play! Regards and good trading as always!, SnP P.S. We'll jump on the phone this weekend!
sjorlo Says:
May 15, 2008 - Hot damn! I'm looking forward to that!!
SnP500Trader Says:
May 15, 2008 - Hi Tim!, Thank you very much for that compliment. Listen, the only "chatroom" I'm posting to at this time is right here. I've been approached by some entities asking me to consider additional options, but right now, it's right here! Thank you for completing that survey! I value the opinion of everyone like you who participated! Also, I think you're going to really love the Video Course! Regards and good trading!, SnP P.S. I see your email and I'll look at it in a few!
rhinethetauren Says:
May 15, 2008 - Aah, I've gotcha, lol. Thanks for the quick response! Any estimates on when you think the Course will be? Tim
SnP500Trader Says:
May 15, 2008 - Hi Schatz!, Thanks for the compliment. Listen, on days where you see tighter S&R levels, like today, I'm going to be closer to a 1:1. On days where we had the moves like last week from 1400 down to 1390, I'm going to be closer to 3:1. With my years of experience, I can trade accordingly. Regards and good trading as always!, SnP
SnP500Trader Says:
May 15, 2008 - Hey Tim, I'm still compiling the results of the survey. Most who completed them did a very thorough job on them. So I'm trying to ensure I can capture as much of that effort into my Course. So to be continued. It won't be next week now though. However, it will be that much better thanks to our volunteers such as yourself! Regards and good trading!, SnP
happychucky999 Says:
May 15, 2008 - Great video very helpful Nice trendline support on the hour bars today. Bought as it kept hitting. Also remembered the 25 level from your videos, sold there for a couple of points. Thanks
SnP500Trader Says:
May 15, 2008 - Hi Happy!, Thank you for that compliment, I appreciate it! What you said is perfect about the mixture of analysis between us! Nobody has to use my work in it's entirety. Take the parts that compliment your existing risk trading plan, and mold yourself into a better trader along with my help. It's a win - win situation! Regards and good trading as always Happy!, SnP
happychucky999 Says:
May 15, 2008 - I use 15 minute charts and I was really confused about what was going on. I brought up the 1 hour and you could then see what the mkt was trying to do without being too obvious.
tradingisfun Says:
May 15, 2008 - Absolutely Incredible SNP, I watch so many trading videos every day on the internet and there is just NOTHING this good out there! Probably why you have those 750 subscribers in a few months time. Keep it up and THANKYOU.
SnP500Trader Says:
May 15, 2008 - Hi again Trading!, Thank you very much! What a nice compliment and endorsement! Since the beginning I've said if I'm going to do this, it has to be valuable and highly educational! Based on the volumes of testimonials (both formally and informally) that's exactly how the 750 subscribers feel things are going here! That makes me proud, and I look forward to teaching and showing many great things in the future! Regards and good trading as always! SnP
Tradespecialist Says:
May 16, 2008 - 1:1 ratios are for pikers ! Seriously- you have some good skills but wasting them on the emini. You could be making much better trades on high beta stocks that run much much further. Keep up the good work though. After 25 years in this business even I will buy your dvd if its not too expensive ;-)
SnP500Trader Says:
May 18, 2008 - Hi Tradespecialist!, Thanks for that Piker laugh! Seriously though, 1:1 is fine based on your win/loss ratio. That said, 1:1's only become a factor when we have tighter levels of support and resistance. Clearly 2:1 or 3:1 opportunities are the best for newer traders or traders going through a losing phase. I spoke about that repeatedly in my stops video I did a few weeks ago! So I'm with you. Regards and good trading!, SnP P.S. I still love to review equities as well! :-)
trashratt Says:
Jun 7, 2008 - EXCELLENT video..I watch every night. Best 10 minutes of my day...!!!!!
qubertstrek Says:
May 15, 2008 - You've outdone yourself SNP!!!!!! You're are just awesome with teaching this!!!! Q