My Personal results using this system:
Back in 2001 and all through 2002, I
was working on a particular trading strategy. It was one that was giving
me the most trouble and I experienced the biggest amount of loss which
is the concept of trying to trade breakouts.
It's often been said that support resistance is subjective and everyone
can see different levels and different areas. And then of course there
are the people that talk about specific buying and selling levels and
only using price action, and while all of that works, you need to create
some kind of strategy with a structure that you can duplicate every
single time you get the same results.
That was my primary objective. I kept
telling myself that I needed to develop a system so that I could use the
same profit targets and stop loss levels every time I executed this
Long story short, I successfully
developed a method for trading breakouts that is accurate 90 to 95% of
the time. I use this specific trading technique on a one hour time frame
for day trading but it can be used on the four hour and daily charts
for swing trading as well.
This particular trading technique is
so accurate that I used it successfully all through 2002 leading up to
2005 which was a point in time on one particular morning that I stopped
to reflect on my success as a trader.
On April 12, 2005 I had four trades
early in the morning, (Pacific time, I'm in California) and shortly
after economic data at 8:30 AM Eastern time all four of these trades
reached their profit targets (according to the plan they are always the
same take profit levels) and I earned $40,755.08 in my real live
A few minutes after closing these
trades I stopped and looked at the total balance as a result of these
I had certainly made more money in a single day prior to that day and I
definitely make a lot more than that since then but I realize that my
skill as a trader could never be taken away from me.
That was the moment when I realized I would be able to take care of my family indefinitely just the way I always dreamed.
Not only that, it was a business that I was able to hand over to my children.
This to me was true wealth!
The strategy is very simple. There was
no stress involved and I was never afraid at any time while having
these positions open. I simply duplicate the same thing over and over
again whenever I see the same set up even today.
For all of my coaching students who
learn this trading lesson, this is the one that can literally make them
millions of dollars every year.
(the screenshot below is my account balance on that particular day when I earned over $40,000 in just a few hours)