DayTradeToWin.com offers an e-course or trading methodology, At The Open, which I have followed for a couple months and the results have been very positive. The trading strategy only trades the e-mini S&P futures contract and it usually wraps up trading early in the day. The trading signals are not overly complicated, which is an added plus. Actually, I had a good working knowledge of the methodology within a couple hours.
At The Open tends to get you into the market in the direction of the daily trend without chasing the market. Many of the trades are completed within a short timeframe for a quick profit. Discretion is left to the trader on whether he wants to take multiple signals throughout the day and use multiple exits on each trade.
The system has a high percentage of winners, which I always like. There is also a risk management component to the trading rules that keeps you in most of the trades, but you will occasionally get stopped out. DayTradeToWin.com provides a daily performance history of trades since June 2008 on their website.
The cost of At The Open is $597 and full disclosure of the trading rules are included. I was able to personally speak with the developer of the system, John Paul, and I like how his research disregarded many of the highly publicized indicators in favor of techniques used by professional floor traders. The cost of the course seems more than reasonable, especially if you find a system that stands the test of time. That remains to be seen, but I like what I have seen thus far. When you understand the logic behind these trading rules, it should also help you better understand how the markets work, as well as improving your trading.
