1. What is a typical day like at MTrader?

Pre-market
Our day begins about 1 ½ hours before market open. This preparation time is the most important part of the day. This is when we gather news that is influencing the day, assess the current market, and build our expectations and plans for our early trades. These early trades generally hold the most potential, and are the most predictable, so its important to be prepared. 

For those who are struggling or new to trading, our classroom prepares traders in greater detail with greater focus on only one or two trades and encourages questions and participation....
 
From my experience, I find that those who do not go about their trading in a systematic way, tend to be less successful. Those who make “fly by the seat of your pants” trades, without a solid plan, criteria, or expectations, tend to have erratic performance. So it is important to start your day off prepared.
For a complete schedule of what we are doing during this time, click here

At 9:00 am est , give or take a few minutes, Ken will post his early trade considerations, with expectations and targets. Shortly after, you will receive these in our Early Trades Advisory Email.

9:30 – 11:30 est
During the first two hours of trading is generally when the most predictable, highest potential trades are to be found. This is when the general pace of market trading, and active volume is at its strongest. During this time you will see more active “calls” being made.
Calls are distinguished by large color alerts. “Short Consideration” you will see in orange.
“Long Consideration” you will see in green. “Exit Consideration” you will see in red. Most of the time the symbol and price will be in the alert, with an appropriate stop. When in doubt though, just ask!

Occasionally you will see a general market call that has no specific stock symbol. For example you may see a market topping call with a short consideration alert that shows no specific stock symbol. These are calls that will affect any of our “basket stocks” of continuing momentum, high average daily volume, sector leaders. These calls can also be played well with the QQQ or DIA.
Current Basket Stocks include: MSFT, INTC, , QCOM,BRCM, QLGC, NVDA, KLAC, JNPR, SINA, SOHU,NTES, AMGN, AMZN,

11:30 – 12:30 est
After the first two hours, the general pace of trading slows, and trades become less predictable. During this slower time, you might find us joking around a lot. This is generally a good time to ask questions or get help. This doesn’t mean we have stopped scanning for opportunity though. We are constantly scanning, on the lookout at all times, for unusual movements or breaking news that could move the market and create opportunity.

12:30 - 1:30 est
During this time we hold our daily classes in the #mtclass room. These are taught by Ken on Monday’s and Wednesdays, and Fridays and by Shawn Klug-Wolff on Tuesdays and Thursdays.  During this class time we discuss the basics of the methods we use, emotional blocks to trading, the technical aspects of trading, and we discuss the day’s action and calls. Questions and participation are encouraged. In case you can’t make it during class-time though, don’t worry; all classes are emailed to you daily.

1:30 - 2:30 est
At this time general pace of trading is generally slow, and trades less predictable. During this slower time, you might find us joking around a lot. This is generally a good time to ask questions or get help. But again, this doesn’t mean we have stopped scanning for opportunity. We are constantly scanning, on the lookout at all times, for unusual movements or breaking news that could move the market and create opportunity.

2:30 – 4:00 est
About an 1 ½ hours before market close, the general pace of trading again picks up, and predictable potential will often return. The last half hour are usually spent in discussion of any new Intermediate-Term candidates, or exits. In the last five minutes as well, we will decide on any “gap plays” (long positions bought at the end of day, in anticipation of a positive gap the following day).

Afterhours you will find several traders expert at trading after hours news and making high percentage trades.  They are very experienced and understand how to trade a market that is less liquid.  Watch and learn how its done, particularly during earnings season. This is a good time to mingle, ask members opinions, and get to know your fellow traders.

 

How does a beginner get started?