Description of How I've Achieved Triple-Digit Returns Daytrading - 4 Hours A Day
David Floyd trades highly liquid NYSE stocks and makes between 25 and 100 trades each day. His strategy, which incorporates market dynamics, patterns and momentum, has allowed him to achieve returns of:
- 428% in 1998
- 668% in 1999
- 1132% in 2000
- 208% for 2001
- 262% in 2002
INTRODUCTION FROM DAVID FLOYD
'In my new 195 page book "How I've Achieved Triple-Digit Returns Daytrading...4 Hours A Day", I will teach you the strategies that I have applied for nearly 10 years to earn my living daytrading stocks.
My primary strategy, High Velocity Trading (HVT), potentially enables you to capture sharp intraday trends trading the same 3 to 5 stocks many times each day.
You will learn how to do this by identifying short bursts of momentum that only occur when you see a distinct combination of movements in the S&P Futures, tick charts and the individual stock you are trading.
In all, there are 8 specific criteria that must be met for you to enter a trade that has the critical force, duration and probability. In my book, I will fully describe to you what each of these criterion are and how to apply them in order to daytrade successfully.
I will teach you the strategy that allows you to trade
sudden bursts of momentum like these - many times in one day.
And after I have taught you the HVT strategy, I will show you how to master it. Together, we will walk though numerous trades that I have done. By doing this, you will not only learn all the critical steps needed to successfully execute my strategy, but you also get a feel for the fast-paced rhythm of my trading style.
Each example provides you with full details of how I stalk a trade, enter at the moment at a "momentum burst" is occurring, manage the trade, and then exit it. I narrate and illustrate each trade in full detail from beginning to end as though you are sitting with me in my trading room. Through this process, you will learn how to successfully trade every kind of trading situation, both on the long and short side.
Part I gives you the foundation for putting the odds in your favor and making the best use of my strategies. In Part II, you will learn the HVT strategy itself.'
Contents of How I've Achieved Triple-Digit Returns Daytrading - 4 Hours A Day
Part I: Putting the Odds in Your Favor When You Trade
- 1 explains how High Velocity Trading (HVT) differs from other styles of trading. Learn the advantages you have as an HVT trader in quickly capturing high-probability trading opportunities.
- 2 shows you how to trade for a living the HVT way and how it enables you to potentially earn a regular paycheck without the stress caused by unpredictable news events that jolt the stock market. And you don’t have to worry about whether you're in a bear or bull market.
- 3 teaches you how to get a powerful edge by trading NYSE stocks. Learn the personality of NYSE stocks and use that to your advantage. Also, find out how trading NYSE stocks compares with trading Nasdaq stocks. Once you are fully aware of the differences, you may never see the market the same way again.
Part II: Trading Successfully the HVT Way
- 4 shows how to use stock index futures as an early-warning "radar screen" alerting you to incoming HVT trading opportunities. By understanding the relationship between stocks and futures, you will be able to catch trends the way a surfer catches waves.
- 5 explains how to identify strong intraday trends and focus on entering when the risk is lowest and where the probability of making money is the highest.
- 6 shows you the proper way to use stochastics to keep you in high-probability trades and detect high-risk trades that you should be staying out of. Stochastics is a widely misused indicator, but I will teach you to use it properly.
- 7 leads you out onto the trading battlefield as you learn how trading setups form on 1-minute charts...and most importantly, how to identify them quickly.
- 8 explains how to use tick charts to pinpoint your entries and exits at precisely the right moment - at the best price. You will learn to time your entries down to the millisecond.
- 9 shows how to use 5-minute charts as an indicator. While most conventional daytraders use them to identify trading setups, I will show you how to use them as a filtering mechanism to tell you what setups to stay out of, a nice ploy that keeps you many steps ahead of the crowd.
- 10 illustrates the most efficient approach I have found for keeping all of the most critical information within my field of vision during the trading day. You will learn my complete screen layout, a component as important to my success as any strategy I will teach you.
- 11 shows you everything you need to know about the Level I quote screen to place buy and sell orders at lightning speed. This is important because in HVT, the speed at which you are able to move in and out of trades can mean the difference between profit and loss.
- 12 details how you can successfully short stock in fast-moving markets in spite of the "uptick rule." You will learn to do this using bullets and conversions.
- 13 shows you how to prepare yourself each day before the market opens to take immediate advantage of key support and resistance levels set to influence market action through the course of the trading day.
- 14 teaches you how to combine all of the indicators and patterns I have taught you up until this point and use them to identify key HVT trading setups. I will reveal my thought process and trading logic, from the stalking stage to entry and exit. Through these examples, you will learn how to use the same strategies in a variety of different market conditions.
- 15 covers perhaps the most important topic of all - money management and psychology. No matter how good your odds become when you use HVT, you must always use stop losses. In this chapter, I will teach you how to trade with total discipline and focus so that you will not get knocked out of the game. Plus, I will teach you how to avoid burnout by taking time off.
About David Floyd
David Floyd is a professional daytrader and managing partner of Aspen Trading Group.
If you need bulk copies of How I've Achieved Triple-Digit Returns Daytrading - 4 Hours A Day, or are interested in opening a corporate account, please contact us.
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