Day Trading Flash Pan

Are YOU A Flash In The Pan In Day Trading?

Are YOU A Flash In The Pan In Day Trading?

Crude Oil Day Trading 75 Ticks Today

Today, the day trading (simulated) enviroment earned 54 ticks on 4 trades today. I had 2 losses for 21 ticks. More importantly, I made 75 ticks on the winning trades.

Could I have made more? Sure, I could have had over 100 ticks on the winning trades today, but this would have not been according to my trading plan.

This video series today is part of what will become my new Post-It Note Trading Project, which I will be offering in the very near future.

Anyway, I had an interesting discussion with an individual on YouTube today. He is directly opposite to everything I teach. I don’t want to mention any names here, but it is a real shame that this idiots are still out here spewing their extremly bad trading information.

Just because someone has a catchy and flashy video production, this still doesn’t make them right in logic or trading. They have and will always be just a flash in the pan.

YouTube Summary Video:
Wistia Video 1:
 
Wistia Video 2:
 
Wistia Video 3
 
Wistia Video 4
 
Wistia Video 5
 
Futures Crude Oil Day Trading Charts:

Futures Crude Oil Day Trading Charts:

Futures Crude Oil Day Trading Charts:

Futures Crude Oil Day Trading Charts:

Futures Crude Oil Day Trading Charts:

Futures Crude Oil Day Trading Charts:

Futures Crude Oil Day Trading Charts:

Are you a FLASH in the PAN as a DAY Trader and In YOUR Day Trading?

By the way, I make it a practice to out the bad information spewing from people on YouTube. It is amazing the SHIT that is out here and how BAD it really is!

In any case, his logic or inversion principle he was using said the cutting your losses short is bad and taking large profits is bad.

It was painful to watch the first time, but watching it the second time really made me ill.

In any case, this was a day trading day I made in (sim) that showcases how I trade and will become part of my newest project I call the Post-It Note Trading Project.

The losing trades lost 21 ticks and the winning trades made 75 ticks. So who is right? I took four trades and was 50 percent wins/vs/losses today.

Which would you rather have? A positive PNL and Profit Ratio or INVERSION this bullshit and go and blow out your trading account?

 

Good Trading,

David M. Knight
TradeCraze

P.S. So how should you attack day trading? Well, I believe this is THE WAY!

 

 

About The Author

David M. Knight

I am a 30 Year Futures and Commodities Trading Veteran. In addition, I enjoy games of skill and chance like: poker, craps, blackjack and roulette. During my professional career, I have developed and implemented successful trading strategies and methods; along with winning systems in games of skill and chance. Join with me on our mutual journey together.