Mike's E-Book: "Read the Greed-Take the Money: 2nd Edition"
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This E-book graphically demonstrates, in detail, Mike's personal trade setups.
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Mike answers more than 80 of the TOP asked questions by traders just like you!
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Day Trading Support and Resistance
Day Trading The Stock Market
Day Trading Advise:
Identifying and Exiting Losers
The Benefit of Support and Resistance Trading
Day Trading Psychology
Day Trading Futures
Emini Trading Tips
Stock Trading Strategies
Advice on Day Trading
Day Trading The Emini
Stock Market Day Trading
Emini Day Trading
Do You Trade the DAX, British Pound Futures, Mini Light Sweet Crude? To see Mike's set ups traded in these markets:
Do You TRADE OPTIONS?
Learn how to use Support and Resistance to Trade Options:
I'm a trader, just like you. I've been trading the markets for 30 years. I've seen traders come and I've seen them go. But what makes the difference between the ones who are successful, and the ones who throw in the towel? THEIR GAME PLAN!
For more than two decades, I've developed and honed my trading "game plan", and I use it myself every day as I trade.
MY GAME PLAN:
WHAT A SUBSCRIPTION INCLUDES:
Each night I'll email you my outlook for the following day on the S&P500 and NASDAQ 100. (see a sample) I include the support and resistance zones that I will be buying and selling against the following day. We also have a Trading Room during the day available for ALL subscription lengths at NO EXTRA CHARGE! (see a sample of our daily log)
For 18 years now, I've been writing a market newsletter each day, "The RBI Trader's Updates", giving my "game plan" for the next trading day. I'm as specific as possible including Support and Resistance levels that I will be buying and selling against, which provides *you* with great trade set ups nearly everyday.
You might be wondering, "If your trading plan is as good as you say it is, then why are you selling it and not trading it?" Well, simply put, my work is 98% discretionary. I'm not a "system" trader, I don't follow a mechanical system. I watch and analyze the market every day. The market is always changing, and I have learned through experience that a computerized system cannot acclimate to changes as quickly as my brain does. I liken myself to the old ticker tape readers, hence my handle, "Tapereeder". Oh, and by the way, I *do* trade, every day.
By now you are probably asking yourself, "If he's not selling a "system", then what is he doing and why? As to why I write the newsletter, well, I don't like to blow my own horn, but I'm really good at what I do, and I like to show other traders what they can do if they just take the time to "listen" to the market...not some system.
Ok, still skeptical ? Are you wondering, "Who is
this guy anyway, and what makes him any different than the average day
trading advisor ?". Again, glad you asked ! Everyone has a story, and here's
In 1979 I was attending a BIG TEN college on a full ride baseball scholarship, and was being scouted by a number of Major League Baseball teams. However in the summer of '79, while water skiing with some friends, I had a diving accident that abruptly ended my chances for a career in professional baseball.
One day my dad brought me the Wall Street Journal , pointed out the Options page and said, "You can make a lot of money from a little if you know what to do with those." My interest was piqued, so I got a book on Options and how to read a ticker tape. Watching the ticker tape, I began charting on paper, on 15 minute intervals, plotting prices. It really gave me a "feel" for price action, thus began my obsession with the market !
In the mid '80's I happened across a mentor, an experienced trader who helped me on my way. After a few years of "following" him on his "morning market comment", I bought my first PC and some Options pricing software, and developed a batch of my own indicators and patterns that give low risk/ high profit potential opportunities.
I continued to trade OEX Options for the next 4-5 years, by the late '80's, early 90's, I started day trading the big SP Futures and the NYFE ( tracked NYSE Composite), which at the time was known as the "poor man's futures contract.
Throughout the 1990's I participated in a number of Investment and Trading forums, a couple being Prodigy Investment Bulletin Board, and GENIE (General Electric). The advent of the internet, and the thirst for knowledge displayed by fellow traders spurred me to put my market observations into print.
Through perseverance, drive, and hard work, in 1996 I started writing my daily short term trader update that has since grown to a wide readership.
I'm ready to Day Trade with Confidence. Reduce my Risk. I want to take Advantage of the Emotional Swings of the Market. I'd like to use your Daily Support and Resistance Levels for Great Trade Locations ! I want to start each Trading Day with a Game Plan, know the night before my Trading Strategy for the next day... you've come to the right place ! TradeStalker's RBI Trader's Updates are for YOU ! SIGN UP NOW AND GET STARTED !
Experience is the greatest of teachers. I made it through the 1987 Crash, was active during the "Roaring 90's", and was one of the very few who expected the 2000-2003 bear market. Through research, analysis, trial and error, and just plain old hard work, I've mastered the tools required to day trade successfully.
I'm inviting you to track my percentage of accuracy for *free* for as long as you want with my "delayed" issue. You will receive your free copy of my day trading newsletter and intra day updates 24 hours after our members. And you'll also receive an ADDED FREE BONUS! A PDF of my "Guide to Support and Resistance Trading"! - SIGN UP FOR FREE TRIAL!
Everyday, just after the market closes, my planning for the next trading day begins (while the "feel" for the market action is still fresh). After an hour or so of thorough analysis, I put together my plan of attack for the following day in print.
Get my outlook for the next trading day, along with the Support and Resistance levels that I may be buying or selling against. These offer great trade set ups nearly everyday!
In a nutshell, if the "bias" is bullish, then we will be
buying at support, and placing a protective sell stop just beneath the zone.
Our exit(s) are at the listed resistance zones. If the "bias" is bearish,
then we will be shorting at resistance (with a protective buy stop), and
taking profits at support zones. If the "bias" is neutral, then a trading
range is expected, and will use the "numbers" to trade both sides of the
market. But there is plenty of "meat" in each issue, explaining why the
market is expected to go higher, lower, or move sideways - thus allowing new
traders to "think like a pro" while offering more experienced traders added
confidence in their own market analysis.
This is an important point... the support and resistance zones used are NOT just your standard Fibonacci or pivot numbers you might be used to. There are other techniques used, and combining these yields "clusters" of intraday support and resistance that are both powerful and uncanny in their accuracy!
My subscribers have asked, "On a day to day basis you are so precise, to what do you attribute your exactness ?" Well, I've studied the market everyday for the past 30 years. I watch the charts from 1 minute up to the weekly. I follow the DJIA, SP500, Nasdaq, Value Line, and Russell 2000.
I don't focus on price based indicators like stochastics and RSI much, instead I study and analyze the charts. I follow the market internals ( Up volume, down volume, advancing issues, declining issues, new highs, new lows ) very closely and I do use various indicators to follow the internals.
What internals indicators do I use? Several public domain indicators such as the McClellan Oscillator and 18 day advance decline oscillator, as well as many proprietary ones (like RBI) that I developed for myself. A few are price based oscillators, however most are internal based indicators.
RBI = "Reed Buying Index". It is a proprietary indicator based on the internals. The indicator has two components - the RBI Signal Strength and the Buy/Sell gate. These two components are used to generate RBI Buy Signals. When the Signal Strength is less than 1.00 and the Buy Gate is open, there is an RBI Buy signal for the next morning. We typically use a 1.5 percent profit target and 1% stop loss (based on the SP500). We typically get about 4 to 6 of these per year.
I utilize standard Fibonacci methodology, prior tops and bottoms, trend lines, congestion areas and several proprietary techniques. I watch multiple time frames and, most importantly, look for "clusters" of support and resistance.
Now, I'm the first to admit it when I'm wrong, (and
that does happen once in awhile) but I'd like to invite you to see how
frequently that I'm right on target. That's why I'm offering you to check me
out for free for as long as you wish as a "delayed" subscriber, and you'll
also receive a
My Guide to Support and Resistance Trading!
When you are satisfied that I'm for real, you'll want to have all the advantages and BECOME A MEMBER so you'll receive your issues in time to use the tools I provide each night to map out your trading plan. You'll be confident each day when the opening bell rings!