Live Trading Chat Rooms
The Trading Chat Room offers direct access to DayTraderRockStar and other mentors. Trading Rooks are open 24/7 and you will find traders from all over the world at all times trading the markets. Trade with 100'a of fellow traders. This means you will be able to discuss market conditions in real-time and share ideas. The community on Day Trading Radio's platform will accelerate your learning.
As a Starter member, you will also gain view access to some of DTR trading tools These scanners are critical for finding the right opportunities to trade and we grant full scanner access to our Pro students.
Each alert is plotted on the live real time chart and the alert also has an audio and visual indicator to inform you of a possible setup. Each chart also has it's individual controls. You can mute or even remove the chart if you do not trade it and want to focus on just one or two fo the future contracts. The live plotting is such agreat feature as you can look back at the day and see how the alerts played out. As you get familiar with the program you will notice some days there will be more alerts on one contract versus the others. This is an indicator in itself as you might want to trade the contract that is less volatile
The Tradeometer is a collection of proprietary indicators developed specifically for daytraders. When these proprietary real time signals are used together they create a powerful timing tool for short term traders. Signals are given in the index future contracts (ES, NQ, YM, RTY, CL, and GC). The alerts show you the tradeable area of high probability reversals in the market
You can also access the Dashboard from the main site in the Membership Features section located under the main video screen to the right. (See right)
Each alert is plotted on the live real time chart and the alert also has an audio and visual indicator to inform you of a possible setup. Each chart also has it's individual controls. You can mute or even remove the chart if you do not trade it and want to focus on just one or two fo the future contracts. The live plotting is such agreat feature as you can look back at the day and see how the alerts played out. As you get familiar with the program you will notice some days there will be more alerts on one contract versus the others. This is an indicator in itself as you might want to trade the contract that is less volatile
What Can I Trade with the Tradeometer?
What is the DTR RockBot?
As the developer of the High Probability Methodology (HPS) and expert in trading divergences specializing in the Lane Divergence technique I found out there is so many opportunities that we miss during the day trading together. My attention might be focused on a question from a listener or I might me charting out a trade for someone. If you are a follower of my education and techniques you we understand how valuable the timely calls are. Over the course of my trading career 23+ years. I have weeded out basically everything that does not work for a day trader. What was left I organized and developed into a methodology that could be taught to traders. These methods have been tested and proven and outlined in the HPS Methodology (Course on this can be found www.theschoolofstock.com.) This methodology has each trade setup detailed and broken down so you can understand how to trade it.
Well this is all great but when you are not seeing the trade form the technique won't help you. So over the last couple years I have been working on automating the method to have the bot identify every set up. To even wake me up at 3 am in the morning if i want it to.
The Bot will identify my Highest Probability Setups. These have been programmed and optimized for scalpers. The Trades are based on the 1 Minute and 5 Minute time frames and are detailed below.
Futures and forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones’ financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.
Hypothetical performance results have many inherent limitations, some of which are described below. no representation is being made that any account will or is likely to achieve profits or losses similar to those shown; in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. for example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all which can adversely affect trading results.
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DayTraderRockStar's Direct Path To Profits
1. You must make the first step, open up a brokerage account and deposit money in it. It could be as little as $2,000.00 but I would prefer traders start with at least 4k. Here at Day Trading Radio, we trade 3 different styles.
a. Day trading futures throughout the day.
b. Trading momentum stocks typically during the hours of 7:00 am and 10:00 am
c. Identifying and taking swing positions in quality HPS (High Probability Setups)
When opening an account you must consider what you want to trade if it is just one or everything.
Discount Brokers are great for trading futures and there are a few good ones you should consider.
1. Ninja Trader
2. Tradovate
If you want to trade stocks and the momentum type plays you will need a broker that does that. There are not many I know that offer discounted futures margins and the ability to trade stocks. I have been using IB Interactive Brokers for 20 years and their margins are high so you will need a high starting balance to trade futures but overall this is a great single solution for stocks, options, and futures
