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The 2023 Edition

Who is this Book For?

This book is for individuals that want to have the independence that trading from home offers and the financial rewards that can provide a very comfortable living. It is written for people that have some trading experience and a working understanding of how the market works as far as entering and exiting a trade. That doesn’t mean that it won’t have value to the beginner with no knowledge of trading, it just means that beginners will have more homework to do.

This book contains specific setups and chart settings (presented on the Thinkorswim platform) for traders to examine and use as they see fit. Traders are invited to copy these settings and do their own backtesting of the setups to prove their merit and profitability. Only trading strategies that instill confidence in the user will allow traders to overcome the psychological challenges that the market throws at them. This book is a condensed set of guidelines for setups that work in the current market.

The market that we are currently in is very different from the market that we experienced prior to 2022. Before the market peaked and rolled over from a bull market to the bear market that we are currently in, buying the dip and trading stocks and futures with the expectations of new highs being set was a valid strategy. But many traders may have noticed that those strategies and setups stopped working in the early part of the year.

From the Publisher

Trade Setups Clearly Illustrated and Explained

Day Trading Futures for a living contains trade setups and chart settings designed for today’s market, because market conditions change and successful trading depends on using strategies that match the current market. The same trading approach that worked in 2020 may not be working as well ,if at all, in this market.

Day Trading Futures for a living provides the experienced trader that’s looking for an edge in today’s market with setups and strategies without having to wade through a lot of stories about other traders or a lot of fluff. Part II provides charts presented in the popular Thinkorswim platform that can be easily used.

Strategies are Presented with Backtesting over the Last 20 days

Trading strategies are presented with backtesting over the most recent 20 days, no cherry picking of dates or times. The settings for the strategies is presented as well, so that the reader can duplicate the results for themselves. Backtesting guidelines are presented as well for those that have not used backtesting before. There are no additional indicators to buy and no online services to subscribe to.

New traders can benefit from Part I which covers the basics of trading futures. Anyone with a little trading experience can begin trading index futures. Accounts for trading futures can be started with very little capital and there are no day trading limits. Many brokerages only require an account balance of 500 to get started.

Design Your Own Custom Indicators and Strategies

Design your own strategy with easy to follow instructions to get you started with the power of the Thinkorswim platform. Prebuilt strategies in the platform can be used to combine different strategies to create a custom strategy that follows your own trading plan.

By following the clearly described and illustrated guide to building a custom strategy the reader will be able to go into the Thinkorswim platform code and start with a basic strategy and build additional conditions onto it until is becomes a very sophisticated trading strategy for the reader’s own personal use.

ASIN ‏ : ‎ B0BKVJHTWR
Publication date ‏ : ‎ October 28, 2022
Language ‏ : ‎ English
File size ‏ : ‎ 7661 KB
Simultaneous device usage ‏ : ‎ Unlimited
Text-to-Speech ‏ : ‎ Enabled
Screen Reader ‏ : ‎ Supported
Enhanced typesetting ‏ : ‎ Enabled
X-Ray ‏ : ‎ Not Enabled
Word Wise ‏ : ‎ Enabled
Print length ‏ : ‎ 103 pages