From Treading Water to Becoming a Consistently Profitable Trader (Testimonial)
About 3.5 years ago, I was doing some back-testing of my process and saw some trends in the price action that I hadn’t noticed before. I began finding success by analyzing 6 60-minute candles per day instead of the 320 1-minute candles that the vast majority of day traders use. I saw that stocks consistently traded from supply to supply and demand to demand. That helped me to develop a clear and simple process for determining entries and exits, as well as for optimalrisk allocation. Since then, I’ve continued testing and tweaking the PS60 Theory, and sharing it with the members of the Access a Trader community. It’s been rewarding to see how this process has helped myself and those I share it with to become consistently profitable. More than that, I simply feel blessed to be able to provide guidance and mentorship to other traders and to be a part of such a strong community.
The team recently sat down with one of the members of the Access a Trader community to listen to his story and the experiences he’s had trading with myself and the rest of the community. Here’s what he said:
“I’ve been trading for about six years and I joined the room a little more than six months ago. It wasn’t quite a year ago, I decided to take what I was doing really seriously and I had to kind of step back because I didn’t know how to define what I saw, I guess. You know, I started to notice trends or patterns… If the chart looks like this, you know, I might do this. Especially when you’re day trading, it’s important to be able to define entries and exits. Very clear-cut — You could write it down on paper, follow it and execute it the same way over and over and over and over. That’s the way that you’re gonna generate some success. You know, mentorship has always played a huge part. Anybody that’s doing anything successfully, didn’t not have people that they looked up to, at least one person. It’s the same in all industry. Now, it’s kind of different. A lot of us are working from home. We’re working from offices without anybody else. The difficulty now is finding the right mentors, the right people you can learn from and grow from. I would say the majority of people starting out aren’t going to be able to tell the difference between somebody that really knows how to trade or has been in the business for a long time and somebody that hasn’t and sees an opportunity to become a mentor for people. “I got these alert systems, these trading systems.” So, starting at ground level, you kind of have to get creative, figure out a way to find inspiration. For me, that was Dan Shapiro. Just through following him on Twitter for a while, I knew that he knew what he was talking about. He’d post ideas, basically, entries so to speak, ahead of time and it’s like, the guy’s hitting every trade. I mean, not in reality, but what was in front of me, I was just like, “Holy crap!” I’m sitting there treading water. I can’t figure out high from a low, pretty much. So, that sort of interested me and I thought, let me do more research and literally just took notes, listened to his interviews over and over, just trying to get a sense of what he was doing from the little bits of information that was out there and available. He understands the fundamentals of supply and demand, order flow and tape reading. I’d say that’s the single most important part of trading. You can look at charts all day, your hot stock tips and all that stuff, but if you’re not properly reading what the price is telling you — to be able to actually watch how that price goes through that level, what’s actually happening, is crucial. Just listening to him, it’s like I’m sitting next to him. You know? If he’s watching Tesla trade and, in real time, talking about his thought process, like this is the level we’re looking at. “Oh, like, you guys see there’s a buyer here.” He can clearly see it, you know? If you’re watching, you’re timing sales, you can see that. It’s like, wow. Like, I get the concept but to try and figure that out, on your own, it seems sort of like “duh.” But, it’s not. That has benefited me so much just listening to him and his sort of process throughout the day and his mind, what he’s looking at, what he sees. If I don’t see that, I can scroll back and look at sales. I can try and, oh, that’s what he saw. You have to be confident. You have to know beyond a doubt that what you’re doing is going to work, has positive expectancy behind it. If nothing else, the biggest thing that I’ve gained from this room and listening to Dan is confidence. I really appreciate everything that he’s done for me, for all of us. For everybody else that wants to put in some time and dedicate themselves to becoming a trader or becoming a better one, this is the spot to be, you know?”
When you become a member of the Access a Trader community, you’ll have access to daily live webinars, full nightly recaps, next day “watch lists”, and more.
This is just one of many stories of how the PS60 theory has positively impacted our valued members’ lives. Learn more about how Access A Trader can help you become a better trader today by clicking the button below!
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