Day Traders

Trading for a Living is not a job – it’s a lifestyle. It allows you to be FREE. To live and work anywhere in the world. Choose your own hours and choose your own routine. You answer only to yourself. You decide your risk, your reward, and your outcome. Trading for a living is not only lucrative – it’s fun! If you enjoy what you do for a living – you never work a day in your life!

Most Day Traders believe that they need to sit in front of a screen – participating in an auction all day every day – NOT TRUE. A good day trader will spend very little time looking at the market. Successful day trading is not about looking for a “bargain” – it’s about operating a business – know when its a good time to buy and when it’s a bad time to sell.

There are some myths about SUCCESFUL Day Traders
 

MYTH

  

FACT

  
 

Day Traders Trade All Day Every Day

  

Successful day traders trade a few times a day – not every day

  
 

Day Traders sit in front of a screen ALL day – waiting for a “cheap” price or a trading opportunity

  

Successful day traders will know when they are going to trade well before the time – doing it by phone while sailing or playing golf.

  
 

Day Traders watch a lot of different stocks, commodities, and instruments – watching for a bargain

  

Successful day traders focus on just ONE instrument and become a master of that instrument – becoming an expert.

  
 

Day Traders can make the BIG win and be set for the rest of their life – turning $1,000s into $1,000,000s in a few weeks or months

  

Successful day traders practice disciplined money management and aim to make 100% return on their trading capital over a 12 month period.

  
 

Day Trading is like gambling

  

Successful day traders operate a business - with a business plan and a thorough knowledge of risks and rewards

  
 

Day Traders need to be lucky or a natural

  

Successful day traders have learnt their disciplined skills by formal training from other experienced day traders or by learning in the market themselves.

  
 

Day Traders don’t have a life as they are always watching the market

  

Successful day traders a better NOT watching the market and so learn to do other things while they trade

  
 

Day Traders are constantly looking for the ultimate technical indicator and need to be brilliant to be successful.

  

Successful day traders know that the market is about people not numbers and so they have a working knowledge of the factors that drive the people that drive the market. They learn simple strategies that anyone can learn and most of already do.

  

The Tigers methodology for day trading follows the successful facts and avoids the myths. It is focused on one instrument the SHARE PRICE INDEX futures or SPI. This instrument can NEVER suspend, cease trading, or suffer any of the risks of individual stocks. You will come to know an amazing amount of information about a single financial instrument that is the most liquid derivative in the Australian market!

Some Benefits of Day Trading the SPI:
  • •It operates in our day market – you are not sitting up at night trying to trade an international market!

  • •Your money stays in Australia where it is protected by Australian legislation – your broker can’t go bankrupt and lose your funds. Your accounts are guaranteed under Australian banking law.

  • •You are participating in the largest derivatives market in the Southern hemisphere where there is always liquidity.

  • •You are participating in a local market that always represents the TOP 200 stocks in the Australian market.

  • •The SPI trades almost 24 hours a day, nearly 6 days a week so there are always opportunities.

The Day trading methodology provides a check list of more than 20 items that need to be completed every morning before the market opens. This check list takes about 5 minutes to complete. The new IC Investor V2 Tigers edition – completes many of these check items for you each day. The check list will indicate what trades are likely to be successful and WHAT TIME the will arrive in the market on a given day.

By completing the check list you will know that there is a potential LONG trade today at 11.15am. There is a SHORT trade potentially at 12.34pm and a potential LONG trade at 3.15 again this afternoon. Many of our Tiger day traders will check the market a few minutes before entry. However some of our most successful Day Traders will phone through their orders at 9.30am for the entire day – already knowing their stops and targets for each of these trades.

Some of my best trades are made on Wednesdays when I am sailing – I set the orders with my broker before the market opens and I come home to a larger bank account.

The Business of Trading requires you to be prepared to be RIGHT or WRONG. Watching the trade will not help the trade. In fact it often hinders the trade – where the market will talk you out of a position – only to meet its obligation that you anticipated after you stepped off the trade.

Every day trade has a STOP and a TARGET. Like any good business plan, it is a matter of risk and reward. If we let the stop tell us we are wrong and the limit (profit) tells us we are right, trading becomes less emotional. Most day traders find the discipline of trading and remaining objective and unemotional far more challenging than any system they are enacting. With the Right or WRONG methodology of the Trading Tigers applied to day trading, this major component is reduced and with experience e it is eliminated.

Expected results from the Tigers Day Trading Course

It is difficult to gauge results as they depend on the week, the month, and the person doing the trades. If you take each individual trade in isolation, in any 3 month period each trade has greater than 60% accuracy. Each trade has a risk reward that is greater than 1:1. In other words, for every $1 of loss there is at least $1 of profit. However, the discipline, personality, emotional stability and experience of the individual plays a part in the success of day trading. The course is regarded as providing the basics of the first year of a three year apprenticeship in day trading. Most day traders blow up in the first year of trading and this course will help avoid the disasters and pitfalls of day trading.

Results vary greatly from individual to individual based on the above facts. Successful graduates report consistent results ranging from 25 to 100% per month. There are clients who have not been able to achieve these results.

An example:

H.D. is a women that has never day traded before and had limited experience in derivatives. She completed the course and her previous work history had made her a meticulous record keeper. She diligently applied the Day Trading Strategies and reported the following for the first quarter of 2009.
  Month Accuracy Total Points Days Traded Capital Return % *  
  January 76.81% +536 15 +53.6%  
  February 61.33% +110 14 +10.1%  
  March 69.23% +209 10 +20.9%  
 

*Money management depends on the individual and their personal risk profile. Only 10% of capital was placed at risk here and with a stop order in place that equates to about 3% capital risk per trade.

More aggressive money management could have resulted in much higher returns but may have also related in larger losses. Obviously a compounding factor as a percentage of yield could lift results to well above 150% return over any 3 month period. Consistency in day trading is an important component of success.

While it is recommended that clients start with $10,000 or more in their trading account, we have had clients that have started with as little as $500 and been able to grow this into larger accounts within a twelve month period.
 

The Day Trading Course
 

The course is a two day course and it is broken into two distinct facets:
 
  • Day 1: Theory

  • This day covers:
  • The Psychology of Trading
  • The Nature of the SPI
  • Buy and Seller Profiles
  • The Check List
  • Nine Trades with a better than 60% Accuracy

  • Day 2: Practical

All the above is put into practice in a LIVE trading situation with a REAL account and REAL money. You see how one of Australia’s top derivatives traders trades through the day. This has been extremely informative to both novice traders and day trading veterans to see the mental approach and easy of day trading.

Clients are welcome to trade along in a live computer environment where they can execute their own trades at the same time.

Advanced Day Trading Courses and Day Trading Seminars are offered occasionally throughout the year at an additional cost. This course is a requirement for Platinum Tigers.