WHAT THE PRO TRADE WILL TEACH YOU AND OUR PHILOSOPHY

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.
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.

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.