Finally! After months of being off the market, the Ultimate Swing Trader was finally re-released. The word I got, is that many of those that attended the free webinar scooped it up like….well….how you’d expect a 3000 pip strategy would be scooped.
The deal is one of the best ever handed out by the UST guys. $200.00 instant rebate PLUS an extra $50.00 off if you decide to just download the UST!
Now, for those that just want to get your hands on the strategy…here are a few links for you:
There is also another option which includes modules for all markets…forex…stocks….futures AND one-one coaching OR a small group coaching session ( great way to get all your questions answered at once!)
I am not going to insult you with canned sales crap. I am a trader first. I trade the UST as part of my overall trading style. Many of the videos you will see on the UST blog and UST information page…are mine. Complete with broker platform results.
The UST is a simple strategy tailor made for those that only want to check the screen 1-2 times per day. 10 minutes per evening to set it up…..a few minutes the next day to check the results.
So that is it. Grab the links above or visit the UST blog for more videos..results and the recorded version of the webinar.
I will admit it. When I first looked into trading, it was the flashing websites promising me “Riches Overnight” that got me looking. Hey, I’m human. Someone telling me I can increase my bank account overnight was hard to refuse. I dropped the $97 on an E-Book and went to work. Unlimited riches without years of schooling awaited! I was going to make more than my doctor, lawyer, the auto industry line worker, the overpaid and underachieving politician…combined!
Well, the truth hit and that flashing website lied to me. I didn’t get rich overnight. It wasn’t easy. I didn’t even know why I pressed the close button when I had a little profit. The urge was huge. “Hey, look! I just bagged $100 and it only moved 10 pips!” I then decided to better the strategy and before I knew it, there was not a shell of it left.
Needless to say, I dropped it.
Why is it that people get into trading thinking they can make a huge salary in a few weeks? They break open the instructions and then dive head first. Forget that it takes years to gain the education to be a doctor. Takes years to make it to the big leagues (if ever). Takes years to get seniority and a decent salary at any job. Traders think they can toss away their full time job next week. It takes time to be good at anything. You may never be good at it……that’s a fact.
Let’s be honest. How long does it take to learn a trading strategy? With the Netpicks HVMM or the UST, you can learn the entire strategy in one afternoon. Logic would say you know it…you should be a good trader using it. Wrong. So much more goes into it. I learnt to throw a baseball in about 8 minutes. The big leagues never came knocking. Knowing something and executing it are two different things.
I can catch a ball. However, when I was back-catching the practice pitcher for the big leagues at a special event, I don’t think I caught one. My toes did. My thigh did. I was too scared as in front of me, swinging away, was a pro ball player with a batting average of .336. I was too concerned with getting my hand…or head lopped off. Trading is the same thing. Executing with money on the line in live markets is a different head game. The twin sisters called fear and greed will work their magic and make you do things you know are wrong. Your competitive nature will look at “getting even” with the market that just took your money. Hope will intervene when your trade pulls against you causing you to stay in. Then, you will decide the strategy stinks and look for a new one. I personally know many traders that are so busy looking at the “perfect” setting….the “perfect” plan, before they have even gotten in the habit of following the “out of the box” settings/strategy.
You truly want the habit of following a plan so ingrained, that you can do it without thinking. You want chart face time. You want a groove. Take your time.
Having a goal of X amount per year is important. What is more important is the reality. Have a realistic time frame. $10G a month..in a month? Get real. What if it takes you 2,3,5 years to achieve that? So what? People spend 4 years in university, working part time as a bartender in some seedy club and don’t come out making that. In the end, dream big. Have a realistic time frame to achive your result. Get in the habit of consistently being consistent in your trading. There is no secret code. No perfect setting. No guarantee.
What there is..is a trader with realistic expectations….with an edge…who executes it consistently…taking profits from the market over the long term. The markets have been around long before many of you were born. There is no rush.
One aspect of trading that sometimes gets overlooked, is the relative ease and stress free style of swing trading. As a trader who is a big fan of diversifying my trading, swing trading is a vital part of my arsenal. What are some pretty important things to look for in a swing strategy?
- Ease of use
- Positions you for big moves
- Doesn’t take hours to find setups
The choice among many trades is the Ultimate Swing Trader. Not only does it contain the vital components listed above, it works across all markets.
One great thing about the UST, especially for those that prefer to swing trade Forex, is the owner’s club. In this section for owner’s only, trades are posted up at night so you can compare and learn the strategy. Even better, it highlights just how successful this strategy is. The image below is taken right from the owner’s club. Notice the pair, the time frame and the targets. Do the math. That is about 1300 pips since May 9. This is not after the fact. These are posted the night before and the trade plays out!
Click for large image
You are invited to the “Famous 10 Minute Swing Trade Strategy” release party. Wed May 19 @ 12:00 P.M. EDT. Free to attend and you can hammer the developer of this strategy with any question you can think of. There are usually some solid deals available for those that attend.
One of the great things about these current wild markets is you can reap a lot of reward. The downside is that it can get tempting to ignore your trade plan to take advantage of what you “think” is going to be nice swinging pip gathering moves. The problem is, things end. You never know when. When your confidence is high and you are risking a bigger % because, well, the “market is really moving”, that is when the breaks are put on. Yes, you may be rewarded many many times. What that does, is plant the seed that breaking rules pay off. It doesn’t just plant it. It sows it, waters it and nurses it to full bloom!
Stick to a plan. All good things come to an end. At least with your plan, you already have a layer of built in protection. You also have consistency. Consistency through all kinds of market conditions. Leave the gun slinging take no prisoner approach to others. In the end, your consistent following of a proven plan will leave you at the top of the mountain. It may not seem that way when you watch the market swing from target to target. Just think back to your worst day of trading. Think back to how sticking to your plan saved your butt. The end will come. Let those that shoot from the hip be left without a chair to sit on when the music stops.
The video is going to show how simply sticking to the basic setup signals, it still turns into a highly profitable day! No need to alter your plan.
This last week I believe taught many traders a hard lesson. By now, every trader either heard or saw the 1000 point dip in the market. For FX traders, look at the chart for the USDJPY. Over 500 pip range on the day that saw P&G take a “mechanical dive” of 37%. Once the tumble started, all the “black boxes” fired up and sent the market down even faster. Many traders I have heard said that when they saw P&G stock take a hit, they knew something was up. It is a steadfast stock and the company produces day to day essentials. NOT the kind of “bubble” you’d expect to burst. But…the black boxes are just that…boxes. Take trading out of the hands of human and placing it upon a box of zeros and ones, well, you saw the hit.
That is not the point of this post though. The point is about stops. I have heard and seen many traders talk about mental stops. If the market does not do what they expect, they will simply market out. Something tells me many got slipped. A lot. If you should take away something from Thursday it is this….you think you know, but you don’t. You will never be certain of what the market will do. Ever. Sure, there are those that like to pontificate but Thursday has shown, that it does not take much to prove them wrong. The markets are unpredictable. Always will be. That is why trading a plan is so important. You never know what the market will do next…but YOU should always know.
In the end, when you take a trade,consider first it NOT working out. Don’t focus on what you will gain…focus on losing. This way, you will ensure you have placed a stop in the system so when events like Thursday occur, you will be somewhat protected. They have fail safes in place….but were too far away from how far the market dropped (NYSE did slow down trading on the P&G stock for a brief time but not other exchanges). You’d be wise to have a fail safe as well.
You want a choppy session? The EJ on April 28 was just a mess. However, to ensure that you get enough data to make some determinations for a trade plan, it makes sense to log the worst case for the week. As well, ensuring you are using an indepth trade tracking spreadsheet or program will only aid in the development of your plan. Once your rules are in place, your job is to follow the rules..and execute. That is it. Leave the gut reaction and the greed and fear for the traders you pass on the road. Many fail for one reason…a lack of any idea of how to stay consistent. Find a trading strategy you are comfortable with. Backtest what you can. Forward test. Get data. Get used to the strategy. Get used to the platform. Is this a guarantee of success? Not at all. Far too many factors to consider. The best you can do is give yourself an edge.
Quick example of rules? I trade the U.S. session and U.K. session overlap. There is a bank holiday in the UK meaning no overlap. Meaning? Day off for me.
underachieving politician…combined!
saw P&G take a “mechanical dive” of 37%. Once the tumble started, all the “black boxes” fired up and sent the market down even faster. Many traders I have heard said that when they saw P&G stock take a hit, they knew something was up. It is a steadfast stock and the company produces day to day essentials. NOT the kind of “bubble” you’d expect to burst. But…the black boxes are just that…boxes. Take trading out of the hands of human and placing it upon a box of zeros and ones, well, you saw the hit.
