I have captured my years of experience and expertise from real trading, my mentors, study, and developed The Pro Trade (TPT). I have 30 + years of capital markets, investment management, risk analytics and trading expertise. Over this time I have developed skills and intellectual property retained from day to day experience, but most importantly I’ve had mentors that helped me along the way. No matter who you are or how successful you become, everyone has had help from others. From when I first entered the capital markets business in 1988 through today I have captured intelligence from those with more experience and expertise. While all the time constantly tweaking the knowledge shared to fit my personality and improved the mentored lessons to better fit the times and market conditions. What has evolved is The Pro Trade methodology. I have a passion for mentoring and want to see my system benefit others.
Every great trader needs excellent mentors. Mine were the late great Mark Douglas, one on one mentoring, videos and books. Trading in the Zone, The Discipline Trader and The Psychology of Trading. Ralph Bloch, Chief Market Technician at Raymond James. I worked with him for 11 years.
I ask everyone to read the trader notes below. This will give you a very clear understanding about our approach and what you will learn from the mentoring sessions.
WHAT THE PRO TRADE WILL TEACH YOU AND OUR PHILOSOPHY
THE PRO TRADE CREED…I AM A CONSISTANT WINNER, IDENTIFY AN EDGE, THINK IN PROBABILITY, ACCEPT THE RISK THEN EXECUTE EVERYTIME WITHOUT FEAR OR HESITATION. MY MISSION IS TO TRADE WITH THE SMART MONEY
PLEASE READ ON…THE NEXT 5 MINUTES COULD CHANGE YOUR TRADING FUTURE!
I have been doing this for a long time and have tried every method known to mankind. The knowledge I will share thru my TPT methodology will save you thousands of hours of effort trying to figure it out and large amounts of capital/money.
Stop making the mistakes all non-professionals make.. A few examples. Trading too much, not controlling your risk with size, not managing your stops correctly, not knowing the correct price to enter a trade (long or short?), not letting your winners run, breaking down mentally, getting emotional and feeling betrayed by the market, letting winners turn to losers without booking any profit, trading the wrong time-frames, constantly confused and chopped up, not taking every trade in your plan-picking and choosing what trade to take, this last one is the kiss of death for traders. Do these sound familiar????
TPT will help stop these behaviors. I did them all, so I know your PAIN…. Every great trader needs excellent mentors. Mine were the late great Mark Douglas, one on one mentoring, videos and books. Trading in the Zone, The Discipline Trader and The Psychology of Trading. Ralph Bloch, Chief Market Technician at Raymond James. I worked with him for 11 years. I would strongly recommend watching all the videos on You Tube from Mark Douglas. Mark is excellent at outlining how to think, act and execute like a pro. He instructs executing your plan without hesitation or fear…. consistently over and over. He advocates that trading is a game of probabilities and putting the percentages in your favor. This is what we do at TPT to give us outstanding results. Also, Rande Howell has an entire series of helpful videos about mental skills for trading on YouTube, which I highly recommend. The Pro Trade guidelines will clearly outline the correct way to think, rules of engagement, trade entry, placing stops, confidence, consistency and accepting the risk. To successfully be consistent over a series of trades you must execute TPT on every setup that is in the direction of the days trend. TPT is designed to give you over 60% success depending on the setup. TPT uses NO indicators such as RSI, Bollinger Bands, Mac-D or Moving Averages. They are lagging tools, and nothing is better than pure price action. We use the 15/20/30 and daily time frames. With the 20 being the traded time frame and the others help with your position sizing. This will be clearly explained during your mentoring sessions. I have tried other time frames and tick charts with multiple indicators with negative outcome, costing hundreds of thousands of dollars of capital loss and is now what I call education expense or tuition. Rest assured I will show how smart professional traders think, see the market, and execute. TPT is not a breakout-oriented trading plan. We do stay on the side of the momentum, but we use a pullback methodology to enter the market at prices that allows us to assume minimal risk on each trade. To be a successful trader you must have the correct mindset as trading is mostly a mental endeavor and the market is your cash register. The biggest obstacle traders need to face is the fact that sometimes you will be wrong. This can be tough because wrong equals losing money and the realization that your analysis was incorrect. TPT has designed a method that will produce very high % winners over a series of trades. With TPT you should average 4-6 trades per day and gives us a 60% + win rate which should be about the average you get with TPT. The winners should be much greater than the losers giving us a great ROI. However, in trading there are NO GUARANTEES. A trade is just a trade, nothing else. Every trade setup will have a RANDOM outcome. The technical setups we use gives us the PROBABILITY of history repeating itself. Waiting for the trade to set up is a skill and you must be patient, the trade you are looking for will always set up. The key is to be sharp, recognize the opportunity and without fear or hesitation take the trade. When you get a TPT setup, stop thinking and execute without hesitation. The edge is on your side. A PROFESSIONAL TRADER THINKS IN PROBABILITIES and looks for the EDGE. He/she has calculated the risk of each trade, accepts this risk and executes. He/she knows the trade will most likely go their way but if not, takes the predefined loss and moves on to the next setup. No feeling of failure, disappointment, betrayal or emotion. It was just one trade in a series of opportunities. To have this freedom of mind the PRO must execute every trade in their plan and not pick and choose which one’s he/she takes. You must take them all or failure is most definitely the outcome. Remember success comes over a series of trades executing TPT. A technical setup merely suggests the odds of success are in your favor over a series of 20-30 trades. You must accept the randomness of the market; every trade will have a different outcome. TPT setup increases the odds the pattern will give us a profitable reward. Technical analysis works because the markets has a memory and repeats itself over and over. TPT methodology exploits this aspect. SWEET And why do I do the mentoring? Very simple, I enjoy sharing the methodology, helping others succeed and it makes me a better trader.
Always be on the SMART side of the market. Using TPT you will be consistently going long around daily lows and shorting the approximate highs. Using our proprietary entry techniques while accepting minimal risk is the key of TPT. Usually you will have only 3 to 5 ticks of risk per trade and start exiting when up 5-7 points or more on the position. The amount of profit you will realize depends on your money management skills which I can teach you how to maximize. Trading is about a strong mind set, managing risk and the TPT will show you how to think correctly and be a Professional Risk Manager. I have provided the TPT trading plan on my website. This is the only plan you will ever need. Please check it out under the Daily Plan of Action tab.
Why the futures markets vs stocks. The futures are a pure market, it has no earnings announcements, rating changes, upgrades or downgrades. No dividend cuts, no large short sellers that can affect value as in a stock and you can go long or short at any-time. The futures market is pure price action, fear and greed. Don’t ever feel you have missed out, no such thing in the futures markets. That is the beauty of the S&P e-mini. They are open every weekday, 24 by 5, and as-long-as you have not lost any money you always have your buying power.