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David Floyd - How I Make A Living Daytrading Stocks


David Floyd - How I Make A Living Daytrading Stocks

My career in trading began in 1993. Since 1994 when I turned professional, I have earned my main livelihood from daytrading.

Today, I am an exchange member and run my own proprietary trading firm a couple miles from the beach in La Jolla, California. Besides trading full-time, I mentor others to become successful full-time traders. Through my proprietary trading firm, I provide trading platforms and infrastructure to those traders who are serious and dedicated enough to trade alongside me.
In this module, you will learn the trading method upon which I have built my success. This method is called High Velocity Trading (HVT). HVT has enabled me to earn my living as a daytrader for five consecutive years since 1998. And 2003 is getting off to a great start.

HVT has been my bread-and-butter methodology not just through the bull market of the late 1990s, but also the severe bear market that ensued in early 2000. The methodology has been so robust in adapting to different market environments that I have been able to trade the same way through all these years.

What Is High Velocity Trading?
As the name suggests, HVT is an aggressive, rapid-fire form of trading. In fact, on a highly volatile day, you could wind up trading many dozens of times in the same stock. HVT allows you to capture intraday trends trading the same 3 to 5 stocks many times each day. To do this, you will learn how to enter these trends using a distinct combination of movements in the S&P Futures, tick charts and in the individual stock you are trading.

How This Module Is Mapped Out

The learning process I will take you through is as follows.
In Section I, I will teach you the main concepts of HVT. You'll learn how it works, what its advantages are, what the trade-offs are, and how it differs from other forms of daytrading.

In Section II, you will learn the basic knowledge you need in order to apply my the Eight HVT Trading Rules. You'll learn about the relationship between S&P 500 Futures and equities that forms the basis for my HVT trading setups. Also, you will learn the types of stocks that are best suited for this style of trading. And I will teach you how to use the specific indicators that I apply in my rules.

In Section III, you will apply all the above base knowledge as I walk you through the rules of my HVT Methodology in Section III.
The rules you will be learning to execute are as follows:

1.Identify a trend in both the S&P Futures and an individual stock on their 1-minute charts.
2.Identify a pullback or pause within the trend in stochastics in both the S&P futures and the stock.
3.Identify a pause within the price trend in both S&P futures and the stock.
4.Confirm favorable "big-picture" momentum on a 5-minute chart of the S&P futures; note any support or resistance from key moving averages as potential exit levels.
5.Watch for the trend in the S&P futures and stochastics to begin turning in the direction of the potential trade.
6.Enter limit order in stock on "market burst pattern" in S&P Futures tick charts.
7.Watch for the momentum to slow down in S&P futures stochastics.
8.Exit at market on first sign of weakening of the trend as indicated by the tick chart or if key EMAs on 5-minute time frame are hit.

To reinforce your understanding of these rules, I will walk you through numerous examples, so that you can directly see how these rules are applied.
In Section IV, I will teach you some enhancements that you can apply to the core HVT Methodology which can significantly improve your trading results. You will learn how to anticipate key support and resistance levels for the best entries and exits using the Floyd Numbers. And I will teach you a variation on HVT that allows you to trade powerful reversals that occur after opening gaps. This is a strategy that I have not published prior to this module. And I will show you how to use "bullets" in order to short stocks without having your hands tied by the "uptick rule."

Once you have mastered the core logic behind HVT, you will learn how to apply it to your own trading.

In Section V, I will train you through a series of simulations, in which you will have numerous opportunities to execute each of the eight HVT rules. You will practice making trading decisions based upon my key indicators overlaid on the S&P Futures, S&P tick chart and individual stocks. I will also walk through through several opening gap trades.

Through this experience, you will learn how to successfully trade HVT in a variety of market conditions. You will learn the nuances of entries and exits. You learn how to quickly minimize losses when trades go against you. I will also test and train your ability to recognize bad setups and ignore them. And I will teach how to use HVT to trade multiple entries and exits, one right after another in the same stock.

My goal is that, once you have completed my module and reviewed the material as needed, you will not only have the knowledge, but a sufficient amount of hands-on experience with which to successfully apply my HVT Methodology to your own trading. If you wish to preview the simulations, you may do so here. But I recommend going through the entire module first.

This product was added to our catalog on Saturday 13 August, 2011.