I get asked by many people who are new to trading on what the first step should be. Some prefer to visit a bookstore, buy and work through a couple of popular trading books, and expect positive results in a short period of time. While having a structured, knowledgable trading background is important, there are many traders who haven’t read a single, traditional trading book. Other newcomers will read forums, websites, figure out they at least need a trading platform. Indeed, this is a good first step. After all, you need a platform like NinjaTrader to place trades. A simulated trading environment is ideal for practicing. NinjaTrader is one of the few platforms that provide this at no cost.
Another approach new traders take is adopting the trading configuration of well-known traders in the industry. This can either be a good or bad thing, as not all trading businesses or professionals offer the same quality of service. In fact, many trading vendors pop up almost overnight, have a website, then disappear a few months later. Longevity in this industry is rare. DayTradeToWin.com has been online since 2009 or so, first offering the ATO (At the Open) strategy, then expanding to other courses and software. The current lineup offers four main products: the Atlas Line, Trade Scalper, Power Price Action, and Mentorship Program. Mentorship is the best option because it includes lifetime licenses for everything.
In this webinar video, you can see why John Paul’s courses are so popular. The Atlas Line’s signals are displayed live. Attendees asked detailed questions. He covered the ATO, Trade Scalper, ATR (Average True Range), Bar Timer, ABC, trailing stops, setting the Windows time correctly, how to interpret candlestick patterns, and much more.