|Do you have any questions about Daytrading University?
Just click the 'support tab' at the top left of this page, or click here:
Enter your question and email address and we'll answer within 24 hours.
The support ticket is best to use, however you may use that email as well to contact me directly if you wish.
Webinar help: See this special page for our gotowebinar events, at
Please carefully read this entire FAQ page below first. Note that we cannot answer individual trading related questions about suitability of products for you personally per SEC regs, we are not individual investment advisors; we publish educational materials for active traders.
No trading related questions can be answered individually by email (such as "how do I trade breakouts, Ken"?), due to the volume of inquiries we get. Purchasing a product or service does not entitle you to email in individual trading related questions; instead all questions will be generously answered during premium members' webinars only (not the free Saturday or other free events), for those products/services that include webinars (please read this), due to the volume of email I'd otherwise get.
Also we cannot provide advice regarding which course, or broker, or charting software program, is best for you individually; consult with a registered investment advisor (which we are not) to get individualized instruction. We do not offer individual investment advice, nor can we tell you which products or services are suitable for you personally. Refer to the previews on the sites to help you (and/or your investment advisor) decide which are best for you.
Trader Questions About Daytrading University:
do I set up my
monitors for trading?
Here's sample screencaps of my personal eSignal primary trading monitor for each of several different types of trading:
Swing and day trading stocks and ETFs? http://www.DaytradingUniversity.com/StocksETFs.gif
Related courses: StockTradingSuccess.com, ETFMastery.com, BreakoutMastery.com
Day trading e-minis (ES)? http://www.DaytradingUniversity.com/EminisES.gif
Related courses: EminiInferno.com, EminiUniversity.com
Trading Forex? http://www.DaytradingUniversity.com/Forex.gif
Related courses: ForexFirepower.com
Q: What stocks are you currently following and/or trading?
Here's a quotebox (eSignal format) of my current watchlist for learning from:
These are not trading recommendations; do not buy nor sell stocks based on what's
in this list; I'm providing this as an educational resource to learn from. I will be posting
watchlists and workstation layouts for other charting platforms starting early 2013 as well.
I Have This Trading
Can Your Course
Help Me? What
Should I Do?
How Can I Stop
In My Trades? Which
or Videos Is
Best For Me? How
Can I (...) In
What chart software should I use? How does this indicator work? What broker
should I use? How do I set up my software for trading? How long
it take for
to become a successful active trader? etc..
Since I'm not a registered investment advisor, I cannot (by law) answer individual questions
regarding suitability of which course(s) are best for you personally. Even if I had time to answer
the staggering volume of questions I get via email each week, I simply cannot do that.
It's not that I don't want to help each of you who writes in; however I must remain fully
matters. You can see plenty of preview videos on the sites that you
can review to help you see the quality and content professionalism of what I offer.
the many trading webinars I offer;
Q: How do I access your webinars? What software do you use?
Each webinar is conducted with the GotoWebinar service. You'll need a PC or Mac, speakers and a good internet connection. For hardware requirements, visit: https://www3.gotomeeting.com/m/join_gotomeetingFAQ.tmpl and refer to the help there. There's also help here, at: http://support.gotomeeting.com for reference.
Q: Do you offer any discounts, or sales? What if I've taken other courses of yours?
Because our pricing is already an exceptional value, and priced much lower than competitors (many of whom charge $2500 - $5K and more for trading education), we do not offer any discounts. When we launch a new trading series, it's typically offered with a time-limited "early-bird" special price, however, which has a deadline. That's why it's a good idea to stay on the email list, so you can learn about these exclusive new-course launch specials. All courses, webinar series, seminars and services are sold separately, and all sales are final.
We do offer discounts on re-takes of the same course, however.
Retaking courses -- save on your second year:
I do offer modest discounts if you want to take a new year of training for a specific course that you'd taken in a prior year, to re-take the same course, with new examples and new webinars that I cover in the current year. For example if you'd been a member of ETF Mastery in 2011 and want to renew/retake new ETF Mastery webinars with me in 2013, I can offer a discount off for a renewal/returning member, for continued new webinars in that same course series you originally registered for (not for a different course).
Contact me for details using your original email that you placed an order for, to ask about a renewal rate. For example, your email would say something like "Ken I was an ETF Mastery system owner in 2011 (here's my order number...) and my webinars were from March 2011 through September 2012; here in 2013 I'd like to renew for access in 2013 since I liked the training, how much is it for me to get access to this year's ETF Mastery webinars?".
Q: Can I see preview video clips of your DVDs and courses before buying?
see generous preview video clips of every single one of our courses on
my sites before buying,
because I want to you see for yourself why this training has been so popular
with active traders.
I'm confident that you'll want to order your courses from me, as thousands of other
since 1999, and am pleased to show you sample preview video clips so you can see what
Additionally, once you are on our newsletter email list you'll be sent access directions to occasional
no-cost webinars we offer, if you wish to see live training with me personally online.
Tip: Only buy trading DVDs after you've been able to watch preview videos first, before
site selling instructional trading dvds should be showing preview video clips
so you can see a sample
of what you're getting before you buy. That's common sense, and you should
At Daytrading University, I'm proud to show you preview video clips of everything I offer, because the
content quality is world-class and has earned industry awards, trader testimonials and more.
Q: Webinar scheduling: How does it work? See main schedule at www.TradeMastery.com/calendar/
Most of our evening webinars are held 8-9pm Eastern time, using Gotowebinar. We also provide high-resolution (1920x1080 bluray quality .wmv) video downloads of each session in all of our for-pay courses, in an individual password-protected download area. That way, you can still watch the event even if you can't make it live, by downloading and watching the complete video version. All webinar series and courses sold separately.
If you wish, for any of our paid events you can submit a support ticket with questions you may have about the topic (send it in at least 12-24 hours before the webinar is scheduled to start), and I'll answer those during the event, so you can see the answers in the downloadable version, in case you can't make it live...another Daytrading University trading webinar advantage.
The Schedule for each webinar is posted on the individual website of the webinar series you've paid for, so you can see what the upcoming schedule is, and mark your calendar. In the event any webinar needs to be rescheduled due to unforeseen circumstances, we'll send you an email with the new date and registration link. All sales are final for all products, services and courses.
If for any reason a webinar or seminar event series needs to be permanently cancelled due to unforeseen circumstances or emergency, you'd get a pro-rated refund for any undelivered sessions (we've never had to cancel a webinar series; 100% of them have been delivered).
Another Daytrading University advantage: outstanding customer service webinar deliverability. In over 13 years of doing webinars, all of them have been delivered and well over 99.9% on-time (in fact of thousands of webinars, I've only had a single webinar be late, due to pc power supply going out, which we were able to quickly fix). We've never had to cancel nor reschedule any webinar series, ever, as of January 2013.
Q: Can you provide webinars at different times than those on your sites?
Answer: No, because we set the time to meet the needs of the majority of our traders; most people can make it from 8-9pm ET. However for those with different schedules (in Asia, Europe, or in the US with a work schedule that prevents you from attending live), you still get the high-resolution complete video download, included for our premium/pay webinar series..
Q: What's the difference between the online course, ChartScans alerts, your DVD systems, webinars, 1-year programs, and the downloadable videos? If I buy one, do I get others included?
The content in each is different, so there is little or no overlap; the training is intended to build on each other, like university classes build upon each other, or books/videos that cover different topics. If there are specific bonuses offered with any one course, they will be listed on the course information page. Everything at Daytrading University and our other sites (ChartScans.com, StockTradingSuccess.com etc.) are all sold separately and purchase of one product/service does not include access to others.
You Take Alternate
we accept Visa/Mastercard
for all items and services
available at Daytrading
University and are not set up to accept money orders or checks. Please use Visa/MC.
Q: If I add something to my shopping cart, then leave the page and re-visit the page a second time, it increments the price; how do I clear the shopping cart to start again so I can place a single order?
That's easy - just scroll down and click the white "Return to Cart" button, click "Clear Cart", and restart. At the bottom of the page, at lower right you'll see this button; just click this:
Tip: You can also
reach this site by
http://www.dtu1.com or http://www.kencalhoun.com
into your browser
Q: Can I ask trading related questions by email if I buy one of your products?
No - I'm a busy trader and do not have time to answer individual questions, except during the premium webinars I deliver, during which I generously answer all trader questions (I've stayed around as long as 1-2 hours after webinars just to answer everyone's questions, from thousands of traders who've attended my online webinars).
Just because you buy a product does not entitle you to a lot of free consulting time/emails. I do not answer individual trading related emails.Do not buy anything here and expect to be able to get free consulting time/trading questions answered by email; that is not included. Your product is included. You do not get unlimited email Q&A support (except for questions related to product delivery etc).
Q: Ken, can your training definitely guarantee that I'll become a consistently profitable trader?
No. Anyone who claims to help traders become "consistently profitable" is dishonest and in violation of SEC and FTC regulations. Typical trader results are that all traders lose money and most are not profitable. I make no profitability claims of any kind — because that would not be honest. Yes trading is exciting, and yes there's lots of potential to make money... but most traders lose money and don't become profitable, even after years of studying. It's a lot harder than it looks.
Anybody that promises profitability is not to be trusted. I tell you the truth -- that most people never make it, that it's hard as heck, and you should be careful about who you learn from. See my post on my TradingTalk.com forum about realistic expectations. Expect to lose, at least at first, for years. That's trading. Go in with your eyes wide open. Most people in the trading vendor industry are either non-trading failed "chart talking only" people, or dishonest. Learn from genuine experts who can honestly help you —and even then, don't expect to become a winning trader anytime soon. It just doesn't work like that. It takes years to learn, and it's more about risk/money management than anything else. The "math" of trading, with tiny stops and small incremental gains as the goal, repeated over and over. Nobody can honestly claim to make you a consistently profitable trader. Period.
Q: I am unable to register using your credit card links, why?
We use world-class shopping cart integration with 1ShoppingCart and Authorize.net, the world's biggest payment gateway, to handle all your orders securely. Please make sure you have sufficient available credit and that your address information and CVV code are properly entered when you place your order. If it doesn't approve your order when you try it, it may be due to one of the following reasons:.
1. Your credit card limit has been reached, and/or there's a billing/address mismatch (eg your IP address doesn't match the country of your credit card or your billing and shipping addresses do not match, or cvv code).
2. Your name and/or credit card may be in our blacklist database due to prior refunds or chargebacks made at other trading websites (anyone on our industry blacklist, e.g. with history of being a difficult customer or a serial refunder will be refused service and their order disapproved — we reserve the right to refuse service to anyone for any reason we deem fit)
3. Note: please do NOT try to re-enter an order if it's not approved the first time; contact us using the support link instead. Do not try and re-enter an order if your order status shows as declined.
We prefer that you use paypal, since they're easy to use (just click the paypal button on the shopping cart page once you're ready to place your order); but you can easily use Visa/Mastercard instead.
Q: What is your refund/returns policy?
As with Amazon.com, none of our DVDs or services or other products are refundable, since they are copyable media. This is to protect us against "serial refunders" and people who are not sincere about purchasing. We've provided preview clips of all videos so that you can see sample content for yourself before buying - so you can see what each video/service provides.
Thousands of traders have been highly satisfied with our systems and products since we started in 1999, as you can see from the video and other customer satisfaction testimonials on the sites. By ordering you hereby agree to our Terms of Sale and Disclaimer.
End User License Agreement (EULA): All DVDs and other materials sold via this and all our other sites are sold with a non-transferable End-User License Agreement and by purchasing from us you hereby agree to not resell nor give away nor otherwise redistribute these DVDs (and/or the content you'll be getting via webinars and downloads) in any manner whatsoever, which is expressly and specifcally prohibited under this sales agreement, to which you hereby agree to in its entirety, by placing your order. You hereby agree to waive any first-sale doctrine rights by purchasing this and agree that it is licensed for your personal use only and that you will remain the end user of the media and content you receive and will not resell nor redistribute either the content or its media in any format, shape or means. All information including DVDs are for private noncommercial home use only and may not be used in any commercial venue nor shown publicly nor for any commercial purpose under any circumstances, nor may be redistributed nor resold via any venue under any circumstances.
institutional traders: if you are a professional market maker, specialist, or floor trader (or want to use our training for commercial use, as a part of internal training for your professional traders), please contact us for institutional pricing. My advanced day & swing trader training DVDs, webinars and course materials may not be used internally by professional/Wall Street trading firms unless a commercial usage license has been ordered. All materials are licensed for usage by individual retail traders only, at the current low pricing on my sites. Institutional pricing is higher. Contact me for details if you need institutional pricing and/or training information. We also book individual training days for trading market makers and floor traders, for bringing us to your location. Minimum on-site training fee is USD$17,500 daily for New York and other domestic USA locations + expenses (including first-class air and accomodations at a 4- or 5-star hotel; international rates are higher, subject to availability). Contact me for booking information and availability.
Q: Ken, you used to teach Level II based training, in your earliest courses from many years ago, like your Advanced Daytrading DVD and in the early module of your online day trading course, why don't you teach Level II trading anymore?
Because Level II is no longer useful for day trading, and is antiquated. It hasn't worked consistently since the exchanges moved over to decimals (from fractions) back in 2001. That's why I stopped teaching it. Level II is a "poker game" nowadays, in which due to algorithmic and HFT/dark pool based trading, mms don't keep their bids available longer than brief seconds, and step off their bid/asks at the first sign of momentum price shifts.
So it's exceptionally difficult to use antiquated methods like shadowing the axe, like I used to do in the 90's day trading days.
You can still see how to trade by following the "ax" (dominant market maker) with my Advanced Daytrading DVD from 2002, and in the early modules of my online day trading course, but that's not a consistent approach anymore, so none of my latest trading courses have it. Level II is currently best used only for those rare traders who scalp large size (greater than 1k shares, to get pennies up to .15 as goals), to get price optimization with specific order routing. Most day traders don't need that specific order-routing/ax data, since we trade from 20-500 shares at a time on breakouts.
Instead, I teach how to use tape reading, which is a much better price-based approach to trading breakouts and pivots.
As one of the original dot-com day traders back in the 1990s, I was one of the very first people in the industry to teach Level II based trading. Copycat competitors then ripped off a lot of my ideas, and some people are still teaching level II trading today. Anyone who teaches level II based trading in today's high-frequency trading (HFT) based trading world is showing outdated methods that don't work consistently any more.
CHARTS: I use www.esignal.com (affiliate link) and the CME feed.
I do not use any
commercial scanner. I scan
BROKER: I use www.interactivebrokers.com since they have $1 commissions and instant executions.
all but the widest-spread
stocks (BIDU, GOOG,
AAPL, NFLX), I
have .4 as my goal for maximum
initial daytrading stops (and usually 1 - 1.5 points for swing stock/etf trades). I use manual stops
since we need to
follow the time & sales
movement in price,
in realtime - I
prefer that to
stops, which may
trigger on a single
the 8-10 prints
I like to see in
the tape. For the ES I like a stop of 3 ticks for intraday trading (tight), and for Forex trading, 20 pips intraday and 60-110 pips for currency swing trades, depending on the pair's volatility and entry chart pattern and other factors.
MONITOR SIZE: I
use 4 widescreen 24" monitors.
stock trading courses apply
to Forex, Canadian/Australian
or other type
We have a variety of products and services designed that are published for many types of traders. Look at the preview videos and/or other information available for each to help decide which are best for you. While we specialize in high volatility, high
volume open range and gap breakout trading
Forex Traders: See ForexFirepower.com
E-Mini Traders: Visit EminiInferno.com
Do I Use Daytrading
Where Do I
Got So Much
It's best to start by looking
Then, try our ChartSCANS
Alerts Service. Once you see how well it
works, you'll likely want to join for several months,
and get additional materials such as our videos
and online course. Thousands of traders worldwide
have enjoyed our materials. For those who would
like a step by step approach, we recommend the
- Months 1-3: Online
Daytrading Course : enroll in the course,
study the hundreds of pages of materials and
worksheets, skim through all the charts, and
use it in combination with the video to begin
- Month 2: Get the "Traders'
Secrets" 7 DVD System with Ken Calhoun
and Steve Nison to learn specific trading
- Months 3+ : After trying out the ChartSCANS
alerts, papertrade and practice using the alerts
to learn which patterns make for successful breakout
and gap continuations and fades.
- Months 4+ :
Also consider adding the popular 14-DVD system with Steve Nison and myself, available exclusively at:
http://www.StockTradingSuccess.com <- See the preview videos and trader feedback.
That's my most comprehensive, advanced and best trading system available, done with my colleague
Steve Nison (includes 14 DVDs and more!).
Do I Get Access To When I Enroll with Daytrading
University's Online Course?
Once you enroll, you get instant
access to everything in our exclusive trader members'
area for the online day trading course (designed primarily for intraday stock traders). This includes full access to all lessons,
audio clips, vidclips, worksheets and activities
for the online course, for our members. New videos may be added regularly as a bonus in addition to the current content (every few months), in the members' area, that you can download and keep for your own private use. Online course access does not include my ChartScans.com trading alerts nor DVDs, or other resources for other courses; all resources are available as separate purchases.
Q: I'm interested in your (course) — can I get a discount from what's on the site?
No — because that would not be fair to traders who paid full price. My courses and educational content are already priced very reasonably, in many cases much less than other trading companies charge. For traders who have been longtime customers and have spent a lot with me, I will on rare occasion offer time-limited "trader loyalty" discounts for specific training programs. For example I offered a discount for a 2-webinar 'tape reading' series I did in March 2012, for those who had bought the Stock Trading Success System, BreakoutMastery.com, TradeMastery.com or ETFMastery.com earlier).
Normally however I do not offer discounts, and I cannot offer individually-requested discounts at all. Any special offers I do will be offered to all traders, during specific timeframes. That's why it's a good idea to stay subscribed to my newsletter, in case I do offer a special bonus or offer for a given service. So please do not contact me saying "Ken I want to buy ___ can I get a special discount?" because the answer is no, because that would not be fair to all the regular traders who pay the regular price.
Q: Are you hiring? Can I work for you? Do you pay for ideas or suggestions?
Hi - no we are not hiring at the current time. While we welcome ideas for new products, jv/affiliate partners, new trading services and other ideas you may have, we do not pay people for suggestions. We get more than we have time to implement, anyways — though all thoughtful suggestions are certainly appreciated.
Q: Do you have an affiliate program? How can I join?
Yes, however it's only open to webmasters of established, high-traffic trading related sites located in the US/UK/Canada (we verify via whois lookup prior to approving new affiliates), and we manually review all sites/applications prior to approval. We do not want new blogs or similar for affiliates.
For my products/services, see http://www.DaytradingAffiliates.com
For my products co-produced with Steve Nison, see http://www.TradingAffiliates.com
JV Relationships and cross promos. I'm open to doing these with credible industry figures. See my guidelines for the type of people (character/integrity) I want to work with here:
Here's a new two-webinar approach I pioneered; if you're a well known educator be sure to look at this:
I'm very selective about with whom I work, since most of the trading industry is populated by less-than-credible folks.
Trading Abbreviations & Glossary:
COMPQ: Nasdaq Composite,
also known as COMPQ
2dhi: two-day high, as
in the stock is making a new high over the current
+ previous day's trading high (see chart below)
2dlow: two-day low, the
stock is making a new low under the current + previous
day's trading low (see chart below)
ir: intrarange, as in,
stock is trading either inside the current day's
high/low range, or within the 2day high/low range
fade: going against the
major trend, as in "we're fading GMCR here
after this 3 pt run up on a bear cup reversal if
it loses the 51.5-"
bull cup: a cup pattern,
looks like the letter U
bear cup: an upside down
cup, looks like letter A (or upside down U)
volume pivot: often, after
an extended run, a stock will have a new inflow
of volume, at which point a reversal may occur.
Example, if EBAY drops 1.7 points in 20 minutes
and starts to consolidate, then we see two small
1-minute candles, we may say "EBAY volume
pivot here, long bounce over 57.3+ if tape strong"
tape strong: meaning, if
you see at least 60-70% of transactions in a 1-2
minute timeframe in your time and sales window
go off at the ask or higher
doji, hammer, 3-line break:
get Steve Nisons' books.
sup: support level, as
in the most recent price level at which a bounce,
res: resistance level,
as in the most recent price level at which a stock
turned back, reversal occurred
fibo: fibonacci retracement
level, the 38/50/62% bands within a stock's current
+/- : these are directional
indicators, showing when a stock is starting to
get close to a specific long or short trigger that's
been previously posted in the room
likely be awhile before this new alert is triggered,
as in "EBAY 60.5+ later" meaning, EBAY
long trigger buy once it clears 60.5+, likely to
take at least 10-15 minutes to get there
lol: "laughing out
loud", as in if something funny was said. "Maria's
saying MU strong buy lol"
re: regarding, as in "re
if our SOX gets over 2.1% here" ..
this is where we ask room members to post their
reading on which sectors are strongest and weakest
at any given point in time. a daily routine/drill
designed to help traders identify key money flow
times into/out of sector rotation
Daytrading Patterns for NASDAQ Stocks:
- Being selective on breakout
longs/breakdown shorts, of which Do still
occur frequently, using good scanning skills,
is a key to successful daytrading. Stocks require
careful attention to the chart patterns,
time & sales, Nasdaq composite, trin,
volume, candlestick charts and other indicators.
Below you'll find a handy, simplified
overview of many of our core trading patterns.
Enjoy, and contact us (above) if you have any questions!
2d hi -- two-day high: means
the stock is currently trading at or near the
high established in the previous day's trading
ir = intrarange: means the stock is trading inside
of the range established by previous day's high
(c): we rate stocks on a a-b-c-dd scale, depending
on how likely we feel they are to continue moving
in our direction at the time that the entry will
be triggered at
What stocks are in each sector?
To find this out, use
this bigcharts. com link, eg enter a
ticker and then click "see industry" above
the left top of the chart.
Q: If you were to share just one part of
your experience with me, what would it be?
Keep very small stops and exit
quickly if the reason for your entering the trade
doesn't work out within a couple of minutes. I
began to do better when I limited my losses to
no more than 2-3 spreads, using tape reading and other
indicators. Discipline to keep small stops when
you're wrong and use trailing stops up as your
stock gets bid up is important to take profit
out of the markets daily. And, using the right
trading software: try out www.esignal.com and
When I was a beginning daytrader,
whenever I was in a losing trade I would rationalize
the fundamentals and confuse investing with daytrading
(one of the "7 Deadly Sins"). Now I've
developed a handful of specific techniques to limit
losses and let winners ride, using limit buys and
offering stock out on the bid. We can show you
how to do this and dozens of other techniques to help you learn faster.
Q: If you're a good trader
why offer this service?
(The answer is easy: I'm a professional trainer,
I owned a leading training and consulting business (over 130 hotel and business clients)
and enjoy training and teaching. Besides, I can
remember what it was like getting started and would
like to spare everyone the expensive learning curve.
I'm asking very little for knowledge that has been
hard-earned. Plus, having to articulate my trading experiences helps me sharpen my edge and become more effective in my own actual trades as well.
Q: How long do you hold your
My best trading is done with roundtrips
lasting from several minutes to 30 minutes. Occasionally,
I may buy an breakout stock that's closing on new 2-day highs on high volume at the end of the day (small shares) for an overnight
gap up play, but I am generally
all cash 99% of the time. I trade the market like
a video game, not an investor.
Why? First, I like to sleep at
night. Second, the risk in holding overnight (eg
bad news, overseas market weakness etc). outweighs
the benefit of any potential opening gaps I may
miss. If its a great stock to own at 4pm then I
can always buy at the open if I believe it will
continue up. Cash is king. Occasional swing trades
are fine too, if you know the stocks you are trading
very well and can play the trading ranges profitably.
We have a whole module devoted to swing trading.
Q: What type of stocks do you
identify trade alerts for with ChartSCANS?
I have a core basket of "trading
stocks" (eg SHLD BP GMCR NFLX
and others) that have good intraday ranges and
for whom I know the levels and market makers. I
usually avoid low volume under-$5 types of stocks, since I prefer highly-liquid high-range stocks for active trading. I like to post alerts for stocks trading
between $20-$70 in general. Daily volume should usually be >1.5M shares/daily to give me the liquidity
I need to enter and exit quickly.
Our online Daytrading University network of sites has been carefully designed
to help both beginning and professional traders
improve their trading results. Good luck!
More FAQ answers coming, let us
know your questions.
return home, click
We are not an investment advisor, financial planner or
registered broker. We provide realtime market analysis
and educational services for active traders. You accept
all liability resulting from your trading decisions. Daytrading
is a speculative, high risk activity and is not suitable
for many investors. No representation is being made that
any account will or is likely to achieve profits or losses
similar to those discussed on this web site. The past performance
of any trading system or methodology is not necessarily
indicative of futures results. Typical/average customer results are that all traders lose money and do not become profitable.
CFTC RULE 4.41 - Hypothetical or simulated performance results
have certain inherent limitations. Unlike an actual performance
record, simulated results do not represent actual trading.
Also, since the trades have not actually been executed, the
results may have under- or over-compensated for the impact,
if any, of certain market factors, such as lack of liquidity.
Simulated trading programs in general are also subject to the
fact that they are designed with the benefit of hindsight.
No representation is being made that any account will or is
likely to achieve profits or losses similar to those shown. DAYTRADING
involves high risks and YOU can LOSE a lot of money.
U.S. Government Required Disclaimer - Commodity Futures Trading
Commission: Futures and Options trading has 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. Don't trade with money
you can't afford to lose. This is neither a solicitation nor
an offer to Buy/Sell 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 web site.
The past performance of any trading system or methodology is
not necessarily indicative of future results. By using Daytrading
University's services you hereby agree with all terms in our disclaimer, at
Data and information is provided for informational purposes
only. All content appearing and provided by this site is for
educational, informational and entertainment purposes only
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2d high breakout long: Two day high, the price
level that is the highest of the current + previous
trading day. Note that we extensively use 2-day charts
in our daytrading, see our active trader mag articles
and other materials in the site for info.
low breakdown short: the inverse, eg we look
to short stocks that are trading below the lowest
level on a two-day (today + previous day) chart.
Short: high-risk entries for experienced
traders only, less likely to follow through,
examples here a test/failed breakout to 2 day
high, enter short on a bear cup intrarange (inside
range of 2d chart) breakdown short. Look to cover
at fibonacci retrace points inside the 2d chart,
esp near 50% midpoint:
entries for experienced
traders only, less
likely to follow
here a bottom bounce
attempt off of 2d
low support line,
enter long on a bull
cup intrarange (inside
range of 2d chart)
breakout long. Look
to sell at fibonacci
retrace points inside
the 2d chart, esp
near 50% midpoint:
Play: Shorting a Top after stock's ran it's
range on bearcup reversal: very high-risk
entries for very experienced traders only,
rarely likely to follow through, example here
trying to short a stock after it's ran up quite
a bit on a sharp, weak run. Preferably short
only after it's already ran it's AITR (avg
intraday trading range) and is getting sellers
following a bear cup pattern. These
should be less than 10% of all trade attempts,
even for experienced traders. Most
traders go broke trying to bottomfish/fade
tops and outguess the market. Simple breakout
trades early in the direction of a major move
are often better.
Play: Bottom fishing, trying to catch a
bottom reversal. As with fading tops, bottom
bounce fishing is done only in very select
circumstances, as in this high-volume wide
range reversal play. These
should be less than 10% of all trade attempts,
even for experienced traders. Many
traders go broke trying to bottomfish/fade
tops and outguess the market. Simple breakout
trades early in the direction of a major move
are often better.
Founder of the popular Daytrading University network of sites, Ken's been trusted by traders worldwide since 1999. A regular MoneyShow Traders' Expo speaker, and author of articles in Active Trader and Technical Analysis of Stocks & Commodities magazines, his training reaches tens of thousands of traders. An actual trader, Ken uses a variety of precision tactics to trade his accounts and to teach traders how to trade. Traders value his training because it's professional, focused and shows step-by-step specific strategies.