PLEASE LOG ON TO MY MAIN SITE

http://nasdaq-nyse-trading-school.webs.com/

AS THIS ONE IS DEFUNCT

THANK YOU

One of the great advantages of this type of trading is that people can come home from their day job and start trading from 7 pm. as the US market is open from 2.30 pm until 9 pm. This means that you can keep on with your day job as you gain experience and build up profits.

Mr. Charts (Richard Joyson) made the much dreamed of transition from day job to intra day trader of US shares six years ago and has been coaching others how to do the same thing.

He has appeared on CDs and coached many people 1-2-1 and lectured to groups of traders in offices, hotel conference facilities and the Bloomberg TV Centre in the City.

1-2-1 courses are available on weekdays at £995 or weekends at £850. They last a minimum of seven solid hours of individual intensive training and often longer.

Remote coaching by emailed images and phone can also be done and is usually one hour at a time and can be spread out over weeks if so wished. These are available to people all over the world and obviously in distant parts of the UK.

Also available only for people who have done the above course are LIVE courses held during market hours. These last four hours and are done in the clent’s own home or office and the fees are £600. 

In addition a separate micro-analysis course costs £395 and can be done remotely. The material covered in this course is now included in the main full day course.

Specific made to measure courses are available to experienced US stock traders.

Travelling charges may apply to all courses depending on venue.

From time to time training courses are available for a small number of traders and the cost per person is £595.

If you would like to join the next course, please email me:

mr.charts@btinternet.com

All courses except the LIVE one are also available remotely by emailed images of level 2 screens and charts and telephone coaching and mentoring. This can be done an hour at a time and can be paid for in installments via Paypal.

"So why do I trade like this?"

The prime mover market in the world is the US one. Here in the UK we are essentially influenced by the US economy and its stock market. How many times, for example, have you seen the London market open at a level dictated by what happened in the US the previous evening after London closed?
Of course, the Far Eastern and European markets have an influence, but although they, like the UK, do have substantial domestic and local factors, they are also largely driven by the United States.

Clearly there are advantages to trading the principal world stock market rather than the others. For example, you are in at the beginning of a move, seeing the immediate reaction to changing dynamics and trading accordingly, rather than after everyone else has had the opportunity to analyse and digest those factors and then position themselves appropriately.

The US is open from 0930 Eastern to 1600 Eastern, 1430 GMT to 2100 GMT. For the full time trader in the UK or Europe this means a large part of the day’s trading takes place in our afternoons. The US lunch time usually tends to be somewhat choppy on about 70% of days, so that provides a good break from around 1700 GMT to 1900 GMT.
The US afternoon then starts and coincides with our evening here in Western Europe. During those last one or two hours there are frequently excellent moves to trade profitably and consistently.
Of course this provides an ideal opportunity for those who have a day job to start trading the US afternoon after they arrive home from work.

You can start your trading career in the evenings in tandem with your normal job and gradually build your trading capital, knowledge and experience until you yourself feel ready to take the plunge and trade full time for a living.

Many people reading this will be in various stages of their trading life. At one extreme there will be those who know a little or nothing about technical and fundamental analysis and have little experience of real live trading. At the other extreme there will be many readers who already trade full time for a living and wish to expand their abilities and profits and also the type of instrument they trade. My aim is to help guide all those people towards successful and profitable intra day trading using the methods, patterns and techniques I use myself. My "working" life is a combination of this type of trading and also coaching individual traders on a 1-2-1 basis and providing them with follow up "after-care", trade analysis, problem solving and personal mentoring. I also sometimes speak to large gatherings of traders in the UK.
I say "working" because to me it is great fun both trading myself and teaching others to be profitable. Passing on your skills and enabling people to be successful is a very satisfying experience. The vast majority of those I coach want to give up their current jobs and lifestyle for something much better and to enjoy controlling their own individual lives. They would prefer not to work for others but to reap the fruits of their own skills with no-one looking over their shoulders, telling them what to do, being critical, having corporate or institutional ladders to climb and so on.
There are other vital elements too, including spending more time with family and friends and enjoying the things in life that matter to you most of all. Just think of being able to work from home and never having to commute again!

Let’s look in a little closer detail at some of the many advantages to trading US stocks intraday.

· Plentiful opportunities compared with other markets.

Some people think shares must be a great deal more difficult than Forex, currencies, commodities, index futures etc. I don’t see it that way. For example consider futures or Forex pairs. You only really have a handful of liquid trading instruments in these types of instruments. With stocks there are literally thousands of trading vehicles. This means thousands of opportunities to find the type of stock you are looking for, whether they are trenders, reversers and bouncers, whatever. What percentage of the time does a Forex pair or an index actually spend trending rather than sitting in a range? Only a minority. Remember that apart from a few option strategies you will only actually have the chance to make money when your trading vehicle is moving.
No movement = no potential profit.
Money tied up in stagnant positions is money not earning its keep. Most people employ methods which take them into mediocre probability positions because they are constantly looking for a reason to take a trade in their chosen index, Forex pair etc. because there are so few high probability situations available – their universe of choices is severely limited.
Compare that with the many thousands of stocks available to trade. In that far greater universe it is so much easier to find trending vehicles – ones that are actually moving in a clear readable direction. You are now in a scenario of choice and opportunity.
Many people fear they might be overwhelmed by that choice. They worry they will be swamped and unable to find the right stock to trade. Well of course there are ways of finding what you are looking for in this business – and it is a business – just as there are ways of finding most things in life if you know where to look.
I show people where exactly to find those gems.

· Stamp duty

The United States Treasury does not believe in taxing people 0.5% on every trade they do. They want a vibrant economy and stock market and to encourage their citizens to take part in their great capitalist enterprise. Even as a non - US citizen you too have the chance to participate in their markets.
And you pay normal UK taxes, not US taxes – but you don’t pay "stamp" duty.

· No overnight risk

The great beauty of intraday trading is that you finish the day flat. You have no long or short exposure. You do not have to worry about any event causing the market to gap one way or another between market close one day and open the following day.

This is a very real risk and is considerably more likely than you might think.
It is not only a matter of some terrible terrorist strike like 9/11. There are a whole host of risks which can and do cause financial damage overnight and in my opinion that risk is simply unacceptable.
For example the oil price might leap up – just consider the volatility in oil in 2004. This normally causes most stock prices to gap down. There are many geo-political events which strongly influence markets, threats of war, (although markets tend to rise once wars start), decisions by Central Banks, changes of government and so on.
And then we have more market specific factors. Has a major investment bank upgraded or downgraded a stock or set a raised or lowered price target or revenue or EPS figure? Perhaps the company has come out with results or unexpectedly altered their guidance for the quarter or year or even announced a vital new contract has been gained or lost. Perhaps a major company in the same sector has announced major news and many companies in the same sector might be affected.
Or perhaps they have announced that their Chief Financial Officer has resigned with immediate effect to spend more time with his family on their island home in a state without an extradition treaty with the US…
Most of these things are unpredictable and you are vulnerable to them if you hold positions overnight. In effect you are reducing your control over your funds and increasing the level of risk from the unknown. Why should you do that as a day trader? People do because they get greedy and hope and wish their position will become more even profitable if they are long by gapping up on the open or if they are short they hope and wish it will gap down. To me this smacks of gambling and if you succumb to that so-called entertainment and thrill you will eventually lose your money. Go to Las Vegas instead. I’ve been and had a great time without gambling a single dime.
The markets are about steely self discipline and "wish" and "hope" are four letter words which have no place in this business.

· Almost instant fills

I’ll discuss CFDs and Spreadbetting briefly a little later, but I trade using Direct Access. This means you are trading directly into the Nasdaq market with other participants. You see on your level 2 screen the other market participants and once you understand how to use it you can sometimes see what is going to happen before it appears on a chart. Under US regulations you must have a minimum of $25,000 in your account to be able to have unlimited day trades in any one day. You also get 4:1 gearing so that amount lets you trade up to $100,000 of positions. Under $25,000 and you are limited to three days in any five day rolling period. These rules do not apply to CFDs and spreadbetting.
One of the great advantages of Direct Access is the speed of fills. If you place a market order your fill with the broker I use is normally under one second. In a very fast moving market it might be as long as four or five seconds, but that is exceptional.
The implications are obvious, you suffer very little slippage and normally get your fills at or extremely close ( a cent or two) to the price you see on your screen.
Without a doubt Direct Access is the way to go for a professional Nasdaq trader.
The Nasdaq market is fully electronic and fills are first come first served so again it is much more transparent. The rules on the NYSE are rather different and trades go through a "floor specialist"; often delays are involved and transparency is, in my opinion, rather poorer.
The spreads between bid and offer with CFD/Spreadbetters are normally larger but with some companies there is no commission to pay.
The number of stocks in which the CFD/Spreadbetters make their own market is also usually limited so that results in a reduced universe of stocks you can choose from. The great advantages are the ability to trade with far smaller capital, perhaps only £2,000, and much larger gearing, 10:1 or even 20:1.

· Tiny spreads

In active heavily traded Nasdaq stocks the spread between bid and ask is normally one cent. Yes, that is correct, one cent. In some stocks it can be slightly larger. In others, particularly recent IPOs and very speculative stocks the spread can be 15 cents.
However, Direct Access allows you to almost become a Market Maker yourself. You can buy on the bid by placing an order one cent better than the existing best bid and you then become the next in line for someone to sell to. Having bought your shares you can, if you wish, immediately put them out for sale on the offer side, probably at a level 15 cents or so higher, thus making the spread for yourself, i.e. almost being you own market maker. Get plenty of experience trading more conventionally before venturing down that route, however.

· Tiny commissions

Direct Access, is in my opinion, extremely cheap for the trader. The broker I use charges $1 total round trip (50c in and 50c out) for trading 100 shares and $10 total round trip ($5 in and $5 out) for trading 1000 shares. It can easily be seen that this sort of fee structure enables a learning trader to start small and safely with minimum risk and gradually scale up position size as experience and success build confidence and profits.
These low charges also enable you to trade much more efficiently and with far less concern. After all, with fees like those you no longer concern yourself with the actual cost of exiting a trade which might be going against you. If it turns back in your favour you can always re-enter for minimal cost. That sense of being reluctant to exit and re-enter again because of high commission costs is simply non-existent.

· Technical analysis and transparency

My experience of using technical analysis on both the UK and US markets is that it does work much better in the US.
Over there it is a normal, accepted way of helping to understand market movements and sentiment. Although its use in the UK and Western Europe is steadily growing it is still decried by many amateurs. Naturally enough, the more something is used the more it becomes a self fulfilling prophecy. Indeed the US use of technical analysis is more sophisticated than in Europe and its limitations better understood.
I am also convinced by experience that their markets are a great deal more transparent than others. I do not deny a lot of things go on in America which are less than open, but compared with this side of the pond, the regulations are stricter, the oversight more sophisticated and keener. Federal and exchange rules are becoming progressively tighter and the imprisonment of many high profile individuals and fining of corporations is leading to a rush to openness. This is an approach we would do well to emulate.

I think you can probably see why I much prefer to trade the US intra day. I suppose I am a little bit of a control freak with my trading funds. I like to trade in as “clean” and transparent an environment as possible and want to minimise the risk from the unknown. I find it difficult to understand why anyone would want to do otherwise.

What is taught?

- There are no complex technical analysis indicators. This course teaches how exactly Mr. Charts trades himself, using various methods and techniques.
- In the week before the coaching day every client is asked a series of questions to determine their knowledge, skills and experience so that every single course is specifically tailored to that person’s maximum benefit.
- Risk and money management.
- How to prepare for the market and create a list of stocks likely to move profitably on the day before the market even opens.
- How to find more movers during the trading day.
- High probability patterns for all market types.
- Strict methodical rules for both entry and exit.
- How to read likely movement before it even happens.
- Rules for trading successfully.
- The core trading stocks used by Richard himself and how to trade them.
- Much else

Will I be able to absorb all the material and is there any back up afterwards?

- At the end of the training session there are some test charts to make sure the client understands what has been shown.
- An individual Trading Plan is also provided at the end of the day to help the client in the early weeks of trading for a living.
- Included in the fee is four weeks of follow up Q & A.
- Individual telephone and email advice, analysis of trades etc. is available as an additional service.
- Eighty pages of notes and charts are provided to help assist the learning process.

A non-disclosure agreement will need to be signed, but any client is free to audio or video record the training session for their personal use.

Course Comments

Comments about the 1-2-1 course posted on the web:

"Great Course!"
The many different techniques Richard teaches you aren’t scalping techniques. They are high probability techniques if the market conditions are right. I would definitely recommend this course.

" An absolute pleasure"
My day with Richard was an absolute pleasure. I was looking to jump the learning curve to add US stocks to my arsenal and could have spent the coaching fee on a few duff trades trying to figure it out for myself. Richard has a relaxing manner and made my day a pleasure. I told him what exactly I wanted from the session and he provided it to the letter and more. Overall Richard was at all times helpful, knowledgeable, concise and to the point. Anything that needed explanation was done with simplicity. The potential of his teaching was obvious to me. I did a lot of research in to a training session and what I wanted with clear objectives and who would be the best person to provide it. If you do the same you will not be disappointed Richard more than exceeded my expectations.

Prior to the day itself, Richard and I communicated over several months via e-mail, during which time he answered endless questions. Having fallen prey to a ‘get rich quick’ vendor in the past, I was anxious not to repeat the same mistake again. So, with my questions answered, references followed up and a series of trades sent ‘live’ to my Inbox, I was satisfied that here was someone who could not only ‘talk the talk’, but ‘walk the walk’ as well. With this proof of evidence, I took the plunge and booked our day together.

Richard visited me in my home in Devon, a long drive from Surrey where he lives. We began the day by going through the 12 pages of type written notes that he gave me at the outset. Some of these were self-explanatory and some required a lot of explanation. (The relative ease or difficulty will depend upon the knowledge and experience of each individual student). This was followed by working through the extensive set of charts that accompanied the notes and illustrated the main set-ups favoured by Richard at the time. Each set-up included additional charts without any notation in order that I could pinpoint both the set-up itself and the entry trigger and, in turn, Richard could be sure that I’d understood the key points. The remainder of the day was spent at my computer using my software and my data feed etc. to explain how he finds stocks that are poised to move on the day. Armed with the insights gained in the ‘classroom’, I was then able to see how the selected stocks moved in response to market sentiment, in real time. What an eye opener that was!

 If you are looking for, and think you are paying for, the ‘holy grail’ that requires no work and guarantees success, then walk away – this training is NOT for you. However, if you want some simple and proven set-ups that make money consistently day trading U.S. equities and you have the discipline to practice and to adhere to the methodologies as they are taught, then I recommend Richard’s coaching to you with enthusiasm and without reservation. There is every reason to suppose that his training will catapult you into the elite 5% who make money every day in the markets. Good luck with whatever you decide

Comments about a lecture at Bloomberg:

" Well presented, well thought out with simple messages and excellent examples was what I thought of Mr Charts’ talk. It is easy to enter trades but much harder to exit them properly. Starting his talk about exit strategies was inspired and correctly pitched the importance of a good exit where it belongs - in the forefront of your mind."

" Richard was insightful and straightforward in his analysis which is an immense achievement in this type of arena, and it is a lesson that we should all remember that trading for a living is only as difficult as we make it."

" Richard Joyson (Mr. Charts) kicked off with a superb presentation of his methodology for trading US stocks. The level of detail he went into really impressed me - no vagueness here, just a direct and complete breakdown of his exit/entry/risk strategy with loads of examples of real trades - brilliant."

For further information, contact Richard directly: mr.charts@btinternet.com