Primarily a Swing to Position trader and Options trader with over 25 years of market experience, I discovered that successful trading requires a process not unlike any other worthwhile endeavor. That process should consist of a proven methodology, a money management component and lastly the discipline to follow that process. I have learned much on my journey to become a successful trader and my hope is that I can pass some of that along to others who have the desire to succeed in such a challenging, yet rewarding environment.
I am 52 years old and married for 26 years to my beautiful wife, Lorie and have two children, Jake 21 years old and Megan 18 years old. I was born in Cleveland, Ohio and have lived in suburban Cleveland my whole life. I am an avid sports fan but passion is the markets. My priorities are and will always be God, my family and my work. I look forward to working with you!
After experimenting with many styles of trading and various times frames, I came to finally realize that finding the style of trading that fits your personality and the amount of time you have to devote to the markets is paramount to your ability to succeed. If these two things do not correlate, you will be fighting yourself constantly and most likely losing money and eventually washing out of the markets. I settled on what I think is the equivalent of having it both ways. I swing trade a portion of each individual position and then hold the remainder as a trend following position trade. The swing trade helps me bank necessary profits along the way that are necessary to make money and sustain the account, while the longer term position trades enable me to occasionally, in strong trending markets, ride a stock for larger gains of hopefully 50%, 100%, 150% or more. This is where the real money in the market is made, this is how one starts to acquire wealth. I would love to be long all the time but this is not realistic. If markets do not cooperate, I am willing to go short where they may be opportunity for gain, or slow my trading activity down until good opportunities emerge. Finally and most importantly, I keep my trading as simple as possible using, primarily, the CANSLIM trading/investing methodology. Making money in the markets may not be easy but it doesn’t need to be rocket science. I truly believe that complicated systems breed confusion while simplicity breeds elegance. I use price and volume as my main indicators, along with some moving averages. I use a combination of fundamental analysis along with technical analysis to define my trades. I weigh volume heavily when reading the market indices while using it as an indicator with individual stocks at key price levels. Any other technical indicators that I may look at, such as Fibonacci Retracement levels, or Bollinger Bands are generally used to confirm my initial conclusions and help pin point entries and exits.
This is what you can expect from Trust The Process Trading as a part of this service:
You will receive all the trades I make for the TTP portfolio and any necessary updates to those positions during the week via trade alerts or trade updates, as well as a nightly video recapping the days action. We scan hundreds of charts a day tirelessly looking for the best opportunities in conjunction with our methodology.
A weekly review of the major averages, primarily the S&P 500, Nasdaq Composite, Russell 2000 and Nasdaq 100 along with a detailed review of each trade in our portfolio. All commentary is accompanied by charts of each individual stock/index. We will also keep our members apprised of which sectors of the market are exhibiting the most strength so we know where to look for the best opportunities.
“Sector Watch” articles and/or videos each week along with stocks to watch in these areas for possible trades.
Occasional detailed reviews of past trades and trade set ups along with various other articles touching on trading psychology, money management and many other aspects of trading. These articles, commentaries and videos are a large part of the value of this service and are designed to help you become a better trader.
Only fools make wild promises of what they can return in the markets but I have been doing this long enough to know there are no guarantees and such promises are deceitful and disingenuous. What I can promise is a tireless effort in trying to beat the market averages every year while educating you on the attributes that it takes to survive in this competitive arena and hopefully make you a much better trader in the process.
Use the service in any fashion you may like. If you want to use it only to follow the trading portfolio that is fine. However, I believe the true value lies in taking advantage of everything that is offered.
For those fortunate enough to have a trading account of $50,000 or more, a good guideline is that you risk no more than between 1 and 2 percent of your total equity on each trade. For the majority that trade with smaller accounts, a good idea would be to evenly allocate your money over each position. For example, if you have a $10,000 account you may want to invest $500 $1,000 or $2,000 on each position. If you have to buy 40 or 50 shares that’s okay, we are looking at our trading on a percentage return basis. If you do well your account will grow over time and if you should have the opportunity, add a few dollars to your account from time to time. It may take some sacrifice but if you are serious at succeeding at this game you should be willing to do that when reasonably possible. Yes, smaller accounts will naturally carry more risk per trade than we would otherwise want under ideal conditions but we all must start somewhere. We have historically carried, on average, between 3 and 7 positions at any given time depending on market conditions, so smaller accounts should be able to keep pace with the service.
When new trades are alerted they will include swing trade targets for the first half of our shares as well as the initial stop loss for the trade. While we try to give updates as to the closing of our open positions markets can move quickly, do not wait for confirmation that the TTP portfolio has closed our position as the parameters for the trades are set in advance. It is entirely up to each individual as to whether they will use hard stops or discretion when it comes to closing out trades. If you are somewhat newer to trading we suggest hard stops. As far as swing trade targets are concerned, do not split hairs over a few cents when stocks approach profit targets. If stocks run up quickly to, or past profit target areas each individual should decide to take their gains or use a trailing stop just below the market to try and squeeze out some extras profits. As for tracking the TTP portfolio returns, we will use hard stops and pre determined swing trade profit targets unless we notify in advance that we are using discretion, therefore, your returns as well as my personal returns may vary slightly from the TTP tracking portfolio. Finally, once swing trade profits have been obtained, you should adjust your stop loss to at least breakeven for your remaining shares. We will further adjust those stops should the stock continue to advance. We will officially update new stops after the market close in our nightly wrap up. If you have any questions please contact me at [email protected]