The Crosshairs Trader Blog

CROSSHAIRS TRADING UNIVERSITY (CTU)

 

 

SUMMER 2013 CROSSHAIRS TRADING UNIVERSITY (CTU)

A 12 WEEK STOCK MARKET TRADING COURSE BASED ON TRADING “IN THE CROSSHAIRS”

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THE HARDEST “EASY MONEY” TO MAKE

 

How many ads have you seen that begin like the following? 

 

MAKE YOUR FORTUNE IN JUST MINUTES A DAY TRADING THE “XYZ” SYSTEM

-or-

96% WINNERS WITH LITTLE OR NO RISK TRADING THE “ABC” SYSTEM

 

The internet is rampant with get rich quick schemes like these.  Trade long enough and you find these systems to be nothing more than scams to take advantage of the gullible and the desperate.  Unfortunately, these get rich quick systems, along with their indicators and chart patterns, accomplish little more than to line the pockets of those selling the hopes and dreams. 

The truth is that stock market speculation is the most difficult “easy money” to make.  Difficult because it requires an uncommon discipline and tempered expectations which few possess; easy because all that is required to make money is to buy and then sell at a higher price…no sweat from physical labor; no diplomas needed.  A phenomenal amount of money can be made quickly without any effort; therefore, there are those who would have us believe that it is easy all the time.  It is not.  It is difficult because the unknown future is…well…unknown and it takes a few of us a little longer than others to figure out that the markets give…and the markets take, regardless of any technical indicators or chart patterns.    

Trading IN THE CROSSHAIRS requires that we 1) accept the unknown by managing our expectations (win, lose, or draw); and 2) build the skills necessary to follow through with a disciplined PROCESS.  For 12 weeks we work on the PROCESS for a lifetime of trading success.  We do this by accepting the TRUTH about the ways of the market, not the hopes and dreams promised by fortune tellers. 

 

THE PROCESS ACCEPTS GAINS AND LOSSES… BECAUSE SOME FAIL AND SOME SUCCEED

 

 

SIMPLICITY:  PRICE IS ALL THAT MATTERS

 

All technical indicators and chart patterns do the same thing…track price.  Therefore, price is all that matters.  Indicators serve no other purpose than to indicate where price has been. Period.  As stock market traders we speculate where prices may go using indicators that track where price has been.  It is not any more difficult than that. 

Those who believe indicators can tell the future make trading much too complicated as they must face the realization that no matter the indicator or price pattern, all that matters is the present and a certain future is never quite so certain. The future cannot be foretold by any indicator, new or old or by any person who utilizes one. 

Trading IN THE CROSSHAIRS requires that we use indicators that help us determine POSSIBLE money making opportunities, but that is it.  In the end, price is all that matters.  Price goes up, price goes down, and price goes sideways.  That is it. When price is not doing what we want we sit on the sidelines. When in a trade we allow price to determine how to cut the losers and hold on to the winners.  Period.   We do this for 12 weeks by tracking price on both the DAILY and WEEKLY charts, looking for profitable opportunities on both time frames…at the same time.  We do this on high volume, leadership stocks across all sectors and industries. We refer to these opportunities as DUAL CHART CROSSHAIRS (DCH).  We do so with a very simple philosophy…price is all that matters. 

 

A DUAL CHART CROSSHAIR:  A SIMPLE PRICE PICTURE

 

 

AN EDUCATION…NOT INDOCTRINATION

Most stock trading courses are designed around the system creator’s ego wherein we are expected to learn by trading exactly the way the guru supposedly trades.  Many of these gurus have contest trophies proving their abilities and track records pointing out all their big winners.  Unfortunately, successful trading is not about “do as I say” but “do as you see”. 

As most of us have heard and understand, give a fish and eat for a day; teach to fish and eat for a lifetime.  In the same way, the best trading courses are designed with the creativity of you, the individual trader in mind, allowing for the “art of the chart” if you will.  In CTU opportunities are discussed and explained in detail with an understanding of why, when, where, and how; not who. 

Trading IN THE CROSSHAIRS allows you, the individual trader, to make trades based on your  understanding of the edge presented, in a atmosphere that promotes education and creativity.  In doing so, you can make the trade your way.  For example, we will discuss several different types of breakouts.  As a trader, you will determine which one or ones make sense to you. Once understood you can then determine the proper comfort level for the loss targets and profit targets presented for each trade. 

I truly believe that the best traders plan for both losses and gains BEFORE a trade is considered.  They do so by envisioning a successful trade and an unsuccessful one.  This can only be accomplished by “seeing” the trade as it unfolds.  We discuss the trade opportunities…but you make the final decision based on the thorough analysis presented.  Over the course of 12 weeks our studies will focus not only on opportunities but on the educated decisions necessary to take advantage of those opportunities. 

 

MAKE THE TRADE AS YOU SEE IT…WHEN YOU SEE IT

 

 

TIME IS VALUABLE BOTH IN…AND OUTSIDE…THE CHARTS

Time is all we have and it is up to each one of us to take advantage of it both in…and outside…the charts.  Preparation is key.  Making good, solid stock trading decisions under uncertainty, requires us to be prepared and ready to take advantage of opportunities when they arise.  Markets are too uncertain and move too fast to be unprepared.  Successful traders make money off the unprepared, ready to move in and out of positions at pre-determined points with unparalleled focus, patience, and discipline.  The unprepared, however, trade recklessly off pure emotion and adrenaline, much like the weekend gambler in Vegas.   

Trading IN THE CROSSHAIRS helps prepare you, the trader, for opportunities.  For 12 weeks, we discuss specific trades on two time frames which allow us not only to take advantage of opportunities in the charts but to have more time to live outside the charts.  Crosshairs Trading is not day trading for pennies but big chart trading for dollars.  Our charts and indicators will point us in a possible direction for days to weeks, allowing for a focus on time and money management, while enjoying life where it really matters, outside the charts. 

 

 

BIG CHARTS = MORE TIME SPENT OUTSIDE THE CHARTS

 

 

THE RIGHT TRADE AT THE RIGHT TIME

Markets are constantly changing.  Markets trend; markets consolidate.  Markets are bullish; markets are bearish.  Therefore, no one stock trading strategy can be used under all market conditions.  This is one of the reasons that a specific trading system, such a trend trading one, can fail miserably when markets are consolidating or why a system that takes advantage of volatile markets has difficulty producing consistent profits in a trending market.  You, the trader, must be flexible and ready to change with the changing market conditions.  You must be ready and able to use the right market tool at the right time.  Just like a hammer is a wonderful tool for driving nails but worthless when it comes to changing a tire, a trend trading system is great for trending markets but worthless when markets are consolidating.  It is a must that we put on the right trade at the right time. 

Trading IN THE CROSSHAIRS prepares you to take advantage of both trending and consolidating markets, both bullish and bearish.  You will have and are able to use the tools necessary to take advantage of each market condition when called upon to do so.  For 12 weeks, we discuss two stock market strategies so that when the conditions call upon us to trade the trend we do so; when conditions require us to trade the consolidation we do so. 

 

 

THE RIGHT TRADE…AT THE RIGHT TIME… USING THE RIGHT INDICATORS

 

If you want to work through the hard part about making easy money, want things simple to understand, want to be educated and not indoctrinated, want to enjoy valuable time outside the charts, and want to make the right trade at the right time, then CTU may be just what you have been looking for.

 

 

CROSSHAIRS TRADING UNIVERSITY (CTU) PROVIDES THE FOLLOWING:

Daily Strategy Sessions about specific trade set-ups IN THE CROSSHAIRS.  These set-ups are based on the DAILY and WEEKLY chart time frames.  The sessions will include discussions about potential trades and current trade management.  We will monitor each trade until no longer valid (profit or loss target hit) and monitor our watch list of stocks for potential trades.  Videos will be recorded and available for viewing at any time.  For an example of recent ones, and the workspace I use to monitor them, see short video HERE

Weekend Video Review of WEEKLY charts and potential trade set-ups to monitor for the weeks ahead.  We will FOCUS on potential trades and watch for weekly/daily chart agreement (DCH) for trade direction.  We will discuss how to create and manage a list of potential trades.

Video Library for educational purposes. A video library of key CROSSHAIRS TRADING CONCEPTS will be available for viewing at any time.  These topics will be discussed during the daily and weekend chart reviews. See example HERE

Trading in the Crosshairs Trading Manual is provided in hard copy or in PDF formThe manual explains key CROSSHAIRS TRADING CONCEPTS and can be used in conjunction with the video library and daily market reviews.

The Crosshairs Trading© TradeStation Workspace Download for both trending and consolidating markets.  Includes all indicators, charts, preloaded stock symbols, and scanner capabilities. Available to those with a TS account.  Additional fees may apply (see application for further details).  Please note: A TS platform account is not a requirement to follow and use the CH strategy.      **FULL CTU TUITION REIMBURSEMENT IS AVAILABLE FOR THOSE WHO CHOOSE TO USE  THE  TRADESTATION PLATFORM. (Contact me for details concerning this offer).

**Screenshot Trade Alerts will be provided via email and twitter when deemed appropriate.

 CTU Kick-Off Orientation Webinar will be Monday, June 3 @ 8:30 EST to meet and greet.  I will discuss certain key trading concepts and entertain questions.  The webinar will be recorded and available for later viewing.

 

The KEY CONCEPTS we study include, but are not limited to, the following: 

PLAYBOOK REVIEW (Weekly and Daily)

THE STRATEGIC CHECKLIST (Steps to the Trade)

THE TWO BATTLEFIELDS (Market Conditions)

DETERMINING BATTLEFIELD CONDITIONS (Characteristics of Each Market)

THE THEORY OF SPECULATIVE DIFFUSION (Stock Stages)

CANDLE COUNTING (Risk vs. Reward)

TANKS (The Role of Moving Averages)

THE DECISION BOX (“Stocks in a Box”)

TRADING THE MOMENTUM (ITCH and CH)

TRADING THE IRRATIONAL EXUBERANCE (TIW FBO)

MARKETS IN TRANSITION (The Warning Signs)

DUAL CHART AGREEMENT (DCH)

LOSS TARGETS (Where and Why?)

PROFIT TARGETS (Where and Why?)

PROCESS VS OUTCOME (Have Process? Accept Outcome)

HINDSIGHT FORECASTING (a.k.a.  Technical Analysis)

OPTIONS RULES (Which ones? Why?)

ADDING TO WINNERS (When?)

FPD (Focus Patience Discipline)

BIAS AWARENESS (Trade What You See Not What You Think)

…and many others.

 


There are several options available for those interested in CTU and becoming a member of the Crosshairs family.  Please review the application found here: 


CTU APPLICATION AVAILABLE HERE

 

If you have questions please CONTACT me.  I will promptly answer your inquiry.

 

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