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Day Trader Radio

Announcement Archive
January 2013

  • S & P Cash Close Contest for Friday 2/1/13

    daytraderockstar post

    posted by daytraderockstar

    Jan 31, 2013 1:36 pm

    Get your S&P Cash close guess in by 10 am EST Friday, 2/1/13, for your chance to win a spin of the DTR Prize Wheel. 

    Members only.

    Enter your guess here.

    Prizes include cash, computer monitors and free subscriptions to DayTradingRadio.com!!

     

    Sign up for a two week free trial now and be entered in the contest today

  • Jump Rope for Heart Donation Information

    daytraderockstar post

    posted by daytraderockstar

    Jan 28, 2013 12:38 pm

    Hey All,
     
    DayTradingRadio and it's members are supporting The American Heart Association through RPM's son Bobby and his efforts to raise money to fight heart disease. Jump Rope for Heart encourages kids to get involved in raising funds and awareness for Heart.org.
     
    Bobby's goal is to raise more money then any K-12 child has in the history of the event in North Carolina. If he can reach his goal, Bobby gets his picture on the website and in the local newspapers holding a poster that reads "Day Trading Radio Supports Bobby's Efforts for the American  Heart Association." We may even get a spot on local news.
     
    He is really excited about the challenge and us at DayTradingRadio is proud of him. Thanks for your donations through this link! http://social.heart.org/IUwoyBd
     
    Make sure to click the "in support of @DTR" at the end of your donation.
     
    Remember it's a tax deductable donation! Thank

     

     

     

  • HPS Member's section updated to reflect new setups

    RPM post

    posted by RPM

    Jan 26, 2013 2:27 pm

    HPS Member's section updated to reflect new setups.

    @rpm

  • New HPS watch list has been released! w/ 2 Best Bets for the week

    daytraderockstar post

    posted by daytraderockstar

    Jan 26, 2013 12:06 pm

    The new watch list video is out with continuing education and the next money making setups. Over the last 3 weeks. The markets have been is a very strong uptrend, and one of the best patterns to appear using the HPS methodology is the "Flag Formation" in these cases  a bullish flag. 

    A flag is a continuation pattern where we see the stock or trading vehicle consolidate usually in a sideways to downward angle. This comes after previous move higher that has a steeper trajectory. The Flag give the stock time to rest and because the recent larger move up buyers are holding back on buying at those levels. 

    The pullback usually take the shape of a channel with 2 defines channel lines. In a bullish flag we want to concentrate on the lower channel line where we have the best risk reward scenario playing out. Recognizing what a flag looks like is very important and I have focused on them over the last 3 weeks so below will be those examples. 

    In the HPS Methodology the Flag is considered 1 indicator that has other indicators added to it. It is always important to have some other indicators lining up along with this recognizable pattern. Stochastics and Lower Trend Line support will add a lot to timing your entry.

    You will see new flags on this week's HPS watch list. Flags won't always so up in the market together, but when they do they are one if not the best pattern to trade. Stick with a quality name.! 

    Here is this week's HPS Video http://daytradingradio.com/10for1000

    Have a Great Weekend and get ready to rock the Best Bets next week They are both Flags

    DTRS

    For those who are not members of Daytradingradio.com

    Try out all the member benefits and have the HPS stocks identified for you each week and alerted when they are activated and when a trade is taken. This and tons of other great features for $29.95 a month

    Check it out here http://daytradingradio.com/member-benefits

    DTRS

  • Athen’s Market Watch this Sunday @ 5pm New York / 10pm London

    daytraderockstar post

    posted by daytraderockstar

    Jan 25, 2013 1:00 pm

    Join Athen this Sunday on Market Watch for an interest rate special. Along with the usual discussions, macro insights and FX + indices trade setups, we will be taking a closer look at bonds and interest rate futures with a particular focus on how to trade them.

    We often talk about bonds, interest rates and debt on the show and chart them. There’s been quite a bit of interest about putting on positions and this show will aim to help you get involved. 

    Short term interest rates (STIRs), such as Eurodollar, Euribor and Short Sterling can be a way to access the market with a lower risk profile, particularly when spreading.  STIRs can be day traded and swing traded. If you already have a GLOBEX or EUREX futures trading account, it’s pretty easy to get started. Let us show you the ropes.

     

    Join Athen on Market Watch this Sunday on DayTradingRadio.com @ 5pm EST

  • S & P Cash Close Contest for Friday 1/25/13

    daytraderockstar post

    posted by daytraderockstar

    Jan 24, 2013 2:19 pm

    Get your S&P Cash close guess in by 10 am EST Friday, 1/25/13, for your chance to win a spin of the DTR Prize Wheel. 

    Members only.

    Enter your guess here.

    Prizes include cash, computer monitors and free subscriptions to DayTradingRadio.com!!

     

    Sign up for a two week free trial now and be entered in the contest today

  • Next Week's HPS Watch List has been uploaded to Site

    daytraderockstar post

    posted by daytraderockstar

    Jan 18, 2013 9:19 pm

    3 days off ... auggg! How do you cope?  Research, but wait its done for you.. Now how you gonna cope?

    I have great selection of stocks, but not to many, I would add VMW to the list if it wasn't going into earning but will be on it after earnings , Each one of this week's HPS could be classified as a Best Bet and because of that I will be looking to be in each of them. 

    I Want to strive to bring only pure HPS stock to the table. What does that mean?

    First it needs to have 3 or more simultaneous indicators lining up ( from the 5 indicator system)

    1. Stochastics at an oversold or overbought level depending on long or short trade.

    I use the stochastics on the 60 min time frame to confirm and improve the timing of the entry.

    (This is called the 60-Daily stochastic setup) 

    2. Price has to be near or on a trend line (Trend line developed by drawing a line between 2 or more price pivot points)

    3. Recognizable pattern (Channels, Wedges, Flags, "W" patterns, topping and bottoming patterns.

    4. Support/Resistance (previous area on the chart that held) Typically seen as a double bottom or retracement from recent pattern break. I have also added Moving averages to this as a support/resistance zone

    5. Reversal Candlestick

    Hammers

    Piercing Patterns

    Bullish/bearish Engulfing & outside day

    Rare but Tweezers 

     

    This is what the criteria is but I left out one thing.

    Quality meaning trade something you believe in don't try to reinvent the wheel or find the next cancer cure stock. Great companies are harder to manipulate in price and there are less hidden dangers.

    Here are just a few examples of HPS from last week from many others.

     

    Thanks for the great week, Welcome to all the new members and see everyone Tuesday

    Video can be scene http://daytradingradio.com/10for1000

    DTRS

     

  • Updated HPS and Watch list for Friday

    daytraderockstar post

    posted by daytraderockstar

    Jan 17, 2013 9:03 pm

    Did a pretty good scan today to get a head start on the HPS watch list and there are some new set ups I want to watch tomorrow for a trade. I reviewed the set up in VZ, FE and of the new set ups for tomorrow one is a best bet for tomorrow. I uploaded the video to the 10 for 1000 watch list area and you can see it right under the HPS video from this week. http://daytradingradio.com/10for1000.

    DTRS

  • S&P Cash Close Reminder for Friday 1/18/13

    daytraderockstar post

    posted by daytraderockstar

    Jan 17, 2013 1:25 pm

     

    Get your S&P Cash close guess in by 10 am EST Friday, 1/18/13, for your chance to win a spin of the DTR Prize Wheel. 

    Members only.

    Enter your guess here.

    Prizes include cash, computer monitors and free subscriptions to DayTradingRadio.com!!

     

    Sign up for a two week free trial now and be entered in the contest today

     

  • HPS Watch list has been Released

    daytraderockstar post

    posted by daytraderockstar

    Jan 11, 2013 8:54 pm

    As I said in the video I can't wait to get back into the markets on Monday. I have about 3 Best bets for next Week. Quality names, Great patterns and a market that seems to smell new highs in the future. I could be like every other market analyst out there and throw out a "safety statement" You know what that is right? Its when you don't want to lay it on the line and take a easy way out by saying the markets are "due" for a pullback, or as I been hearing a lot lately on the financial shows.." I would not be putting new money in the market here" Wait for a pullback. I wonder what level the market will have to be at for them to reverse and say I'm all in!. The point is markets don't pay dues to anyone, It has no time limits, no limitations. Due to pullback is worthless. Keep your chair close to you yes as the music could stop but most likely because of uncertainty in the markets based on news be it the debt ceiling debate that is picking up some steam.

    Continue to take only the best set ups in the market (HPS) and continue to have the discipline to take profits. We are in a good place in the markets lets take advantage of it and not worry when the next pullback is coming we might not see that for a while.

    I expect us all to be feasting on red Lobster next week :-)

    Watch List Video Posted Here http://daytradingradio.com/10for1000

    Remember the patterns that make you money

    Have a Great Weekend

    All updated charts can be found on the HPS portion of the site

    http://hps.daytradingradio.com/

    DTRS

  • S & P Cash Close Contest for Friday 1/11/13

    daytraderockstar post

    posted by daytraderockstar

    Jan 10, 2013 1:35 pm

    Get your S&P Cash close guess in by 10 am EST Friday, 1/11/12, for your chance to win a spin of the DTR Prize Wheel. 

    Members only.

    Enter your guess here.

    Prizes include cash, computer monitors and free subscriptions to DayTradingRadio.com!!

     

    Sign up for a two week free trial now and be entered in the contest today

  • Briguy's Tools of the Trade - Tonight's Episode 8pm est - Accountants: Not Just for Taxes Anymore

    daytraderockstar post

    posted by daytraderockstar

    Jan 08, 2013 1:22 pm

    It’s a new year, and most of us traders know that we haven’t seen the end of the Fiscal Cliff.  We also know that the turn of the calendar page doesn’t close the books on 2012.  Here’s where having an Accountant on your trading team can help.  I’m really excited to start the new year with a guest who will help us out.

    Tune in to tonight’s episode as we talk about reasons to have an Accountant in your tool bag.  Got questions? Click on the survey link below and get them in before tonight’s show.  Then tune in for an interesting discussion.  Thank you for supporting the show.

    Accountant Questions: ow.ly/gBEWy

    ==============================

    Help guide future show content using this form: http://ow.ly/dYKW2.

    See you tonight at daytradingradio.com.

    Past Episodes & Member Feedback: http://zone.daytradingradio.com/forumdisplay.php?71-Briguy-s-Tools-of-the-Trade.

    Coming Soon: SureTrader Trading System, Solo Monitor Trading Part II, Options Series Cont’d, Tax Tools

  • Briguy's Tools of the Trade - Accountant/Taxes Episode Survey

    daytraderockstar post

    posted by daytraderockstar

    Jan 07, 2013 1:28 pm

    Briguy will be hosting a special Accountant/Taxes episode that will field questions from our members.  Tax season is coming up and we know you're going to have a lot of questions. 

    Please fill out your questions for the program here.

    Don't miss out on this great opportunity to get your tax questions answered for free.

     

     

  • Looking forward to a great 2013

    daytraderockstar post

    posted by daytraderockstar

    Jan 06, 2013 11:04 pm

    I wanted to touch base with everyone as we start off the New Year. DayTradingRadio is entering its  6th year of broadcasting the markets live and my 17th year of trading full time, 22 years in total. The site has grown by leaps and bounds. There have been many great moments this past year that I want to mention as I look back on 2012.

     

    We have introduced the High Probability Setup (HPS) trading method which has defined the levels in the market with the best risk/reward. This has led to a +75% win/loss percentage in trades. If you’re not familiar with HPS, then check out http://highprobabilitysetups.com/ or many of the YouTube videos on DayTraderRockstar's page http://www.youtube.com/user/DayTraderRockStar 

     


     

    We have also established a great relationship with MultiCharts and TradingView. They are charting service that I moved over to this year after IQ charts started failing me. The HPS portion of the site is run with TradingView. You can follow different members of Day Trading Radio on their social charting site  and exchange information on charts and setups. This has been a great find and the service has been unbelievable.   http://tradingview.com  You can sign up for free and use their pro version where you can integrate with your broker. You can also automate your trading by using  http://multicharts.com

     


     

    Speaking of automated trading. Another big development at Day Trading Radio was the introduction of the GasBot.  This could be the leading story of 2013 as it just got released late in December. Jim Frasier, a long standing member here at Day Trading Radio has been working on automated trading for the last 7 years and approached me with his automated strategy.  I have been using it for the last 3 weeks and now have incorporated into the site as a “track and trade” app. The GasBot, with a theoretical success rate over 95%, will alert you to where it is going to take a trade (both long and short) and you can follow and see the results live. This is usually connected to a live account. I use this both as a automated system, but also as a confirmation on my own trade entries. It has a high percentage success rate on scalps and if my analysis lines up with its buy or sell zone I have further confirmation of a great trade set up and usually a very high percentage of success. You will be hear a lot more about the GASBOT in 2013. You can read more about it here http://benefits.daytradingradio.com/gasbot-cheat-sheet/ 

     


     

    Here is one you would not expect, but I feel it is one of the biggest developments of 2012. The introduction to SureTrader. SureTrader is a trading firm that basically has even the playing field for traders trading with under $25,000 in funds. When you trade with less than $25k, then you fall under the FINRA pattern day trading rule which applies to  any customer who buys and sells a particular security in the same trading day (day trades), and does this four or more times in any five consecutive business day period. A pattern day trader is subject to special rules. The main rule is that in order to engage in pattern day trading you must maintain an equity balance of at least $25,000 in a margin account. 

     

    In my opinion this why a lot of newer traders never succeed in the market because the pattern day trading rule will cause you more risk. It will take your focus away from making money, to juggling trades and trying hard to figure out how to keep a trade in the holster. I see it all the time. If the markets or trade does something different than you expected and starts to go against you, the decision should be clear, get out of your trade. But with the rule, it switches to “I don't want to burn a trade” or “should I hold on one more day so I can trade again tomorrow.” Tomorrow comes and their first instincts proved true and they end up getting out at a bigger loss. 

     

    SureTrader’s best feature is that their clients are not subject to the Pattern Day Trader Rule. This is an SEC rule that disallows people with under $25,000 from executing more than 3 day trades in any 5-day rolling period

     

    This should be it, case closed. The truth is SureTrader has pretty good commissions and the margin is unbeatable for a small account.

     

    Here are some more key features of SureTrader:

     

    ·         Commissions are $4.95/trade up to 1000 shares $1.00/option contract (continue to review Item #1. Still can't beat it.)

     

    ·         SureTrader offers 6-1 margin. That’s pretty great. Meaning you open an account with $5,000 you buying power is $30,000 intra-day. With $500.00 it's $3,000. With margin, there is great risk in trading above your means and you must be aware of this at all times. I am not recommending you to trade using the margin. Just stating the facts.

     

    I have opened a Suretrader account to test it out and it has lived up to expectations. This week I will be putting more money into the account and bringing it into the spotlight. If you’re trading with less than $25K, then you need to take a serious look at the advantages of this SureTrader. Here is my original review and my process of opening an account with them.

    http://www.daytradingradio.com/pages/preferredbroker.

     

    I was waiting to hear back from SureTrader to see if they could offer members any specials for the New Year and I just got word  "To assist you with this new promotion, we would like to offer new and existing accounts, 30 free trades when they fund their account with a minimum of $2,000.00."

    So if you sign up be sure to mention the DTR Discount . You can set up an account quickly here

    https://www.suretrader.com/?a=6e7cfdb0-a5ec-486b-be92-b3c012c51afe


    Well that's a wrap see you in the markets

    But not before I thank all those behind the scene at DayTradingRadio. The New shows that members have started, The talented traders that have joined the site, The tech issues that we run across on occasion but are tackled by Paul (RPM) and talented members who have dedicated there time and service to improve the site for others. Too many to mention by name in fear of leaving someone out, but you know who you are and I thank you so much.

    And last to all the members of DTR thank you for your support and Happy New Year

     

    DayTraderRockStar

  • The HPS Setups for this week have been added to the HPS system

    RPM post

    posted by RPM

    Jan 05, 2013 10:54 am

    DayTraderRockStar's HPS Setups for this week have been added to the HPS section of your premium DTR membership. Enjoy!

    @rpm

  • This week's HPS Video is Uploaded

    daytraderockstar post

    posted by daytraderockstar

    Jan 04, 2013 11:26 pm

    This week was challenging to find just the perfect stocks. I have 2 best bets for this week and some other great ones to back it up. Not looking for anything less then great set ups. Hope everyone has a great weekend see you Monday Morning if not earlier. Reminder Athen's Show Sunday Night 5:00pm est from across the pond. The futures open @ 6:00pm. The GasBot will be turned on Sunday Evening for overnight futures trading.

    Video can be viewed here http://daytradingradio.com/10for1000

    Charts are already posted in the trade alert box and will be on the HPS site tomorrow

    DTRS

  • S & P Cash Close Contest for Friday 1/4/12

    daytraderockstar post

    posted by daytraderockstar

    Jan 03, 2013 2:03 pm

    Get your S&P Cash close guess in by 10 am EST Friday, 1/4/12, for your chance to win a spin of the DTR Prize Wheel. 

    Members only.

    Enter your guess here.

    Prizes include cash, computer monitors and free subscriptions to DayTradingRadio.com!!

     

    Sign up for a two week free trial now and be entered in the contest today