My Daily Crust

My Daily Crust
by Matt Sharp

Trading the Markets for a Daily Crust

Y'know, time was when I thought that trading and making money were two totally opposite phenomenon.

See I'd traded for nearly ten years and in reality, never came close to making money long term. Sure, I'd had a few notable successes, but as for earning a living from trading, no way.

So it was with a mixture of relief and jubilation that I fell upon the method of day trading that now forms the basis of my comfortable existence.

This, I'm sorry to say wasn't the result of my own ingeniousness, nor brilliance but luck. A chance meeting with a fellow trader at a house-warming party; only he worked for a trading corporation and was paid a decent salary plus bonuses, he didn't actually trade to live as I wanted to. Anyway, at a follow-up lunch he gladly shared his knowledge of the markets and how he traded them, I guess as the trading method had been taught to him by the firm he didn't consider them to be secret or even that clever � his attitude was �hey, doesn't everyone do this?� Nope, they most certainly don't.

So, I got myself organised, got the software, the data feed, opened an account and started to practice trading his way.

It worked.

I kept trading for a whole week � it kept working. I was stunned to find that something so simple actually produced consistent results day after day.

So what is it ??

Well, you trade the Mini Dow, S&P, or Russell on a one minute chart. You look for a signal from an indicator suggesting that the price is over-bought or over-sold (not stochastics), you then simply trail an order at the high or low of the market until, eventually you get filled.

You then look to take a really small move then get out.

The whole idea is to have something that works �most� of the time so that you can get real confident in the system, then, to make serious money, you simply increase the size of each trade. Easy.

I make profits 3 or 4 days a week and break-even on the others. I trade for about 90 minutes per day tops, and I have maybe two losing days a month.

Happy � you'd better believe it !!

Before I found this fantastic trading method I got to learn about web sites, so I've put the details of all this on a site; it's Http://www.FiveTicTrading.Com/FiveTicSalesNew.html

You can get a free report giving more details and, if you get really interested there's a course available.

So, for now ciao,

Matt Sharp

Copyright Matt Sharp 2007. You may re-produce this or use it in your web site, news letter or whatever providing the above link stays in place.

About The Author

Matt Sharp lives in Chicago and trades for a living. He runs a successful web site business specialising in training traders.

Source: www.articlecity.com