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Welcome to DTU's Live AudioCast Active Traders' Seminar
Time: 2 hrs
Start: 12 Noon EST
End: 2pm EST


Learning Points:

1) Multiple positions: As in daytrading, it is best to diversify your entries by trading and actively managing a number of simultaneous positions rather than 1 or 2 at a time. This does not mean keeping a 'dog pound' of losing stocks. This means keeping a focused group of 8-12 open swing positions, 100-500 shares each, for a max 10-day roundtrip.

2) Scanning: Use 10-day sector charts to identify which sectors (finance, defense, retail, semis, biotech, software, 'nets) have the strongest recent sustained trends and breakouts. Use www.stockcharts.com and www.bigcharts.com scans, along with commercial scanners like Tony Oz's. Stock must trade >1M shares and most are priced at least $30/share. Prefer 52-week high/lows, volume gap stocks, and CCI buy/sell triggers.

3) ADX: as a volatility indicator, I like to see it trending or above 35-40, above both DMI lines, at around the time I am entering each swing position. I am entering Because of increased volatility and volume in the stock. A declining ADX indicates a consolidating/flat/choppy pattern, which I avoid. I scan for volatile, high volume range breakouts.

4) 10-Day Breakouts: The Turtles used 20-day breakouts. I use 10-day swingtrading breakouts, and 2-day daytrading breakouts. Favorite Technical patterns include: simple trend continuations, gap up/down continuations, and recent 2-3 days' increasing volume breakouts above 10-day high/below 10-day low.

5) Stops and Risk Management: I will use the max of the previous day's high/low, often using no more than 1 to 1.5 pts max stop/trailing stop.



CHART EXAMPLES from Daytrading University Live Room Calls:

How Daytrading University members learned from practice/papertrading examples in this last week's volatile trading market (no actual trades were made, these were live room learning calls):


LIVE TRADING ROOM CALL CHARTS (updates by Sat am):

SWING EXAMPLE WIN: LMT trigger posted April 11, hit Apr 22, currently +3.0 win

http://www.DaytradingUniversity.com/lmtswingapr11.gif (called long 46.5, currently at 49.5 for +3 win)

http://www.DaytradingUniversity.com/lmtswingapr25.gif


OTHER RECENT LIVE ROOM CHART WINS - practice/papertrading entries - EXPLAINED:

http://www.DaytradingUniversity.com/mximapr25stop.gif  (short 39.5 cover 39.7 for -.2 stop)  not to be deterred, we tried again:

http://www.DaytradingUniversity.com/mximapr25aplus.gif  (short 38.7 cover 38.2 for +.5 win)

http://www.DaytradingUniversity.com/creeapr25aplus.gif  (short 20.2- and again 19.8- cover 19.55 for a +.47 and +.25 win)

http://www.DaytradingUniversity.com/qcomapr25aplus.gif   (short 31.5- cover 31.05 a +.45 win)

http://www.DaytradingUniversity.com/lltcapr25aplus.gif  (short 34.6-  cover 33.9 for a +.7 win)

http://www.DaytradingUniversity.com/rjrapr25aplus.gif  (short 29.3-  cover 28.5 for a +.8 win)

http://www.DaytradingUniversity.com/symcapr24aplusb.gif  (2 wins: long 41.7+ sell 42.4 for a +.7 win, then shorted 42.2- cover 41.9 for another +.3 win.  sweet.)

http://www.DaytradingUniversity.com/stiapr10aplus.gif  (short 54.2- cover 53.4 for a +.8 win)

http://www.DaytradingUniversity.com/aetapr24aplus.gif  (short 51.3- cover 49.9 for a +1.4 win)

http://www.DaytradingUniversity.com/vrtsapr24aplus.gif  (long 21.35+ sell 21.85 for a +.5 win)

http://www.DaytradingUniversity.com/sohuapr24aplus.gif  (long 15.6+   sell 16.3 for a +.70 win)

http://www.DaytradingUniversity.com/wyeapr24aplusplus.gif  (long 40.7+ sell 41.85 for a +1.15 win)

http://www.DaytradingUniversity.com/ekapr23aplus.gif  (short 30.6- cover 30.05 for a +.55 win)

http://www.DaytradingUniversity.com/ebayapr22na.gif  (short 89.4- cover 88.9 for a +.50 win)

Download this thank-you mpeg videoclip from Ken, filmed Live from Honolulu on Friday March 14th (15megs): http://www.DaytradingU.com/LiveRoomMarch03.zip

Interested in learning more about these powerful techniques, and more?

View this videoclip to learn more about our unique, advanced trading "Coach On a Disc" (tm) April 2003 release:

http://www.DaytradingUniversity.com/coachingpromo.mpg






Other Resources:

Tony Robbins

Tony Oz

Tony Crabel

Steve Nison

TIPS for ACCESSING OUR JAVA CHAT ROOM: see www.DaytradingU.com/java.htm

We invite you to compare the professionalism of our service with any other online room. We're certain that you'll enjoy our 100% TA-based on-topic, disciplined live trader room for your daytrading and swingtrading education and coaching needs.

Thousands of traders worldwide can't be wrong! In the meantime, just check out these recent live room transcripts for yourself.




Disclaimer: Traders Note: all alerts are for learning/educational purposes only and are not to be construed as an offer to buy nor sell equities. We share them to show you our real time trading techniques, so that you may better understand how we look for trade entries. Do Not make actual trades based on these or any other information you get via emails or on websites. Do your own due diligence and consult with a qualified broker or RIA (which we are not) prior to making any trades. You assume all risk/liablity for all trades that you make. Daytrading is high-risk and speculative in nature, and is not suitable for most people. Past performance is not indicative of future performance. Hypothetical or simulated performance results which are presented herein as learning examples have certain inherent limitations. Unlike an actual performance record, simulated results do not represent actual trading. No representation is made that any account will or is likely to achieve profits or losses similar to those shown. Since trades have not actually been executed, the results may have over- or under-compensated for the impact, if any, of various market factors, such as lack of liquidity. We make no performance claims of any kind. You hereby agree to all terms in www.daytradingu.com/disclaim.htm by reading these materials. We hope you're learning new strategies that are useful -- best wishes for successful active trading.


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