Chartsky’s LIVE! Trading Room
Join us in a LIVE! Trading Room where we day trade some of the most volatile and profitable futures markets: Crude Oil, Gold (when there is enough interest), the E-Mini S&P (ES),
and the EuroFX.
And . . . YES! I’m still here and still calling trades in real-time, as they set-up and develop, every morning in the LIVE! Trading Room!
You can see the entry, the protective stops and the profit targets on the screen — for each and every trade in the LIVE! Trading Room.
We shoot for a $300-$400 per position Daily Profit Target and then stop to enjoy the rest of our day.
I firmly believe that trading is a LIFESTYLE choice and you should enjoy the result of your efforts and reward yourself.
If you want to spend 6-8 hours staring at a computer screen, you might want to go work for some corporation. If you already work for someone else or imagine what it would be like to live the lifestyle of a successful professional day trader, read on because . . .
March was the best month of 2016 . . . so far!
January and February were nice, but March has been fantastic!
We had a run like this last Fall too — and it may get even better in April and May . . .
Anyway, here’s a little recap video I put together showing most of what we did in March — with some extra comments and mark-ups:
Here are some extra links to a few specific daily videos from March that show some of the different trades we take and the way we manage them after entry.
And, if you watch any, ask yourself if you could have followed along . . . I’m sure you could have.
FLASHBACK: March 18th LIVE! Trading Room — Showing patience and trade management mostly.
FLASHBACK: March 22nd LIVE! Trading Room — An Add-On Day but more importantly showing sound trade management after entry.
[More coming soon]
April has been just as good — or better!
I’ve posted every day from April so far on the front page (http://www.chartsky.com/april-trading/) but three days stand out, so far:
April 18th — when I traded three sessions and got the Daily Profit Target PLUS in all three:
April 20th — where, in addition to the Daily Profit Target PLUS, I called a 10-POINT trade ($500 per contract):
And April 22nd when we got the Daily Profit Target PLUS and I called another big trade worth more than 10-POINTS:
In case you haven’t already heard . . .
this Trading Room is different than most.
It’s set up so I can call out real live, actual trades as they happen!
It’s set up so you can see the trades before they’ve been entered and as they are managed!
If you watched any of the videos above, or elsewhere on this site (like HERE) you know what I mean. If you haven’t, I urge you to watch at least one because they contain live trades — called in advance — and managed on the screen where you can see them.
How does my LIVE! Trading Room compare to others you’ve seen (or tried)?
First, I always clearly call out our entry, our stop, and our profit target for each and every trade — in advance!
Not like so many that tell you they’re already “in” after-the-fact . . .
Or are “taking profits now” when you didn’t even know to enter . . .
Or those who give ambiguous “consider buying ES” calls that can’t be traded . . .
Or those who use “students” to call trades for their own “practice!”
Since I don’t advertise, I’m usually not the first Trading Room folks try. And I’m often told about other popular Trading Rooms when a new Member joins. I’ve heard (more than once) one of the most popular — one closely associated with a funded trader program — talks so fast and uses such confusing language, it’s hard to know when (or why) they will enter a trade until it’s already done and you may never get that entry price. You see stops but they’re often moved — that’s right, stops are extended to avoid being hit, then sometimes the trades just magically “disappear” off the screen.
With that said, if moving their stops works for that Room, then fine. I just thing it’s a VERY bad habit — and I try to teach only good habits since most folks that join us in the LIVE! Trading Room are either new or struggling traders.
And with that said, if their fast talk of “market maker levels” and “daily supply zones” and “point of control” and “settlement” and “fair value zones,” etc. helps them understand price and trade well, fine again. I’d love to see everybody making money — although that’s not realistic. Most new or struggling traders just need to know where to get in, where to place a stop and how to manage a trade. You can teach all of the rest (and more) — and I do — to one-on-one students.
But if you’ve seen anything like any of this, it’s enough to know that I bend over backwards to be different!
I believe in simplicity and so we call out the entry, protective stop and profit target levels only. You see TWO naked price charts with volume — not 6-7-8 confusing windows crushed together.
I believe in transparency and so we mark-up the winning trades, the losing trades and the break-even trades. ALL of them! Right there on the charts.
We also add significant support-resistance levels sometimes (my S-R Levels) and, when appropriate, my Line In The Sand.
And not to beat a dead horse, but every entry, stop and profit target is called out in advance . . . and usually repeated.
We NEVER extend stops!
That’s right. Never. If they’re placed properly, there’s no need to! And ours are what I call catastrophic stops — stops that are designed not to be hit unless something unexpected happens. We usually can get out of a trade that doesn’t work at break-even, or with a small loss. Now we do go to break-even as soon as price tells me that’s best. We do lock-in profits with a trailing stop on occasion. But extending a stop just to avoid a loss? That’s a rookie mistake (IMO).
We may tighten-up profit targets . . .
If I see price doesn’t want to go to the full initial profit target, because there are times when the market just won’t go, say, 25-ticks but it will give you 20-ticks or even 15-ticks. Why be stubborn over a few ticks?
And we sometimes use what I call Add-On Trades.
These are trades with a second available entry — either above or below the initial entry — depending on price action. But you don’t have to take the add-on and I manage these trades from the initial position in case someone isn’t yet comfortable (or doesn’t have the account size needed yet).
Just trade your written Trading Plan.
I help every new Member — and older Members if they want to change things — develop a written Trading Plan. We do this after a few days of watching only and before you take your first live trade. I do NOT suggest trading any particular size for any specific account size, but do help you decide if you want to take only the most conservative trades, regular daily trades, more aggressive trades, add-on trades, or any combination. We spend some time on this and I strongly support you sticking to the Plan . . . until you change/update it.
So . . . how long do we trade?
The LIVE! Trading Room is open from 8:45 a.m. (EST) — beginning with an overview of the current state of our markets including overnight, the European Session and long-term price movement — what I call our Top-Down Daily Review — then moving into the U.S. Session and continuing until we reach our Daily Profit Target of $300-$400 per position, sometimes more. Then we stop trading and enjoy the rest of our day! We stop at 11:30 a.m. regardless.
Not bad for a part-time “job” is it?
But sometimes we’ve had to come back for an Afternoon Session which can last into 3:00 p.m. (EST) . . . and sometimes we’ll have losing days.
Note: I try to save the Pre-Market, Lunchtime Scalping Sessions and Afternoons for One-On-One students.
Regardless, it’s very important that you’re ready on time. You don’t want to come in late only to find we’re packing up and going home with their full Daily Profit Target!
OK . . . how much will this cost?
Well, not (yet) the $500 a month one room charges . . . and not the $400 a month another highly-marketed room charges.
In fact, many Trading Rooms that use this approach don’t let you sign-up for a monthly subscription.
And with the results we’ve enjoyed, I might not keep doing it much longer either.
But I’m offering subscriptions to our Trading Room — on a limited basis — for only $299.00 a month. That’s under $10.00 a day! One single CL tick! LESS than one single ES tick! You probably already spend that much on your lunch. Lock your price in now and never worry about an increase — and never worry about not having a spot!
Why a limited number of Members? Because we can throw whatever volume we want at the S&P and the EuroFX — but too many trying to use the same price in Crude Oil could cause partial fills on limit orders and slippage on stops. As soon as our fills start getting affected, the Room will be closed to new Members.
So, after the last spots are gone, I’ll put your name on a waiting list.
But our Trading Room isn’t for everyone. If you lack patience to wait on the best, most high-percentage set-ups; or if you are down to your last $1,000.00 and need to cherry-pick trades to avoid that final loser which will take you out of the business; then you’ll probably want to go elsewhere. Also, if you’re unrealistic about trading for a living: thinking you can make $20,000 a month from a $2,000 Account — or think a “good” trader never has losses, or never has losing days — or think you can come whenever you choose and money will just pour out of your computer — maybe we’re not a good fit. But if you want high-percentage profitable trades, if you want steady account growth or steady monthly income and if you want a chance to learn One-On-One how to trade for a living from anywhere in the world with broadband Internet . . . we’ll be happy to have you join us!
I strongly encourage you to join the Trading Room as a first step and then pursue One-On-One training if it’s still available. Unlike others, I don’t take just anyone who wants to pay for One-On-One training. But I discuss that more in the FAQs.
What about free trials?
I don’t do those any more,
except by special arrangement. They were a big hassle and regardless of what we did live that day for everyone to see, most just wanted more free trail days. Besides, I post videos — and did a special series that are posted above — that you can watch over-and-over and get basically a free trial that way. But if you’re into free trials you can have them every day for months at dozens of other places — and still be no closer to being profitable. Just watch several of the many videos where I call and manage trades live and you can have what amounts to a free trial at your leisure. We’re here for serious traders that want to make money. Besides, instead of trials, I now give Subscribers a guarantee.
What about your guarantee?
It’s simple: If I don’t call trades worth at least DOUBLE your subscription cost, your next month is on me!
And remember, a percentage of every subscription goes monthly to ChildFund International.
P.S. — Don’t forget to join the mailing list
Here is a list of some of the countries represented (past & present) in the Trading Room:
(Last Update: 4/25/2016)