$15.95/PDF download 48 pages. CLICK HERE for my Quick Introduction: this presents my 10 lessons and the lines approach. V1 and V2 deepen the presentation. My articles and end-of-month reviews help you train harder.

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SKU:	Quick Introduction

Price: $15.95

$15.95 48 pages, Adobe PDF download

Adobe PDF download/48 pages/Format 8 1/2" x 11"

The lines approach is for intermediate-level and advanced-level traders. Give yourself a quick introduction to the lines approach. See how the phenomenon of intermarket, time-of-day and linear regression analysis can make you a better trader. Each trading day, as I use the lines approach, I look for one or two good trades and hold no more than two positions at a time. I specialize in day trading the NASDAQ 100, S&P 500, 30-year T-bonds, Euro FX (EUR/USD), gold and crude oil. I live by the motto: "Train harder. Trade better."

The lines approach is intermarket/technical oriented, focuses on futures and ETFs, and requires access to a linear regression channel charting capability (as available, for example, through eSignal, www.esignal.com). Quick Introduction presents the basic concepts of the approach, including my 10 day trading lessons, then shows the concepts in action. This compact, 48-page primer is dense with trading ideas and includes over 50 linear regression charts. It features the trading days before and during the February 27, 2007 equity market crash and the March 21, 2007 surge. I chose these periods to dramatize that the approach works in down and up markets. Basically, the approach is a day trading, intermarket, market neutral STRATEGY that determines entry and exit levels by following linear regression charts across multiple markets and multiple time periods.

The lines approach is ambitious in that you are tracking up to 42 charts or more each trading day. It is not ambitious in that each trading day you are looking for just one or two good trades and to hold no more than two positions at a time. If you are in more than four positions over the course of a day you are over trading. You are trading excessively. When you over trade you increase your exposure to becoming mentally exhausted and making mistakes. The purpose of a lines day-trading screen is to present you with opportunities.

The lines approach advises you to focus on what appear to be each day's best, cleanest trade(s) (long the day’s strongest, short the day’s weakest). If a trade looks suspect, let it go. If you catch a bad trade, take the loss.

As your trading improves, do not trade more positions. Rather increase the size of your positions. Slow down when you do well. Good trading can lead to arrogance and sloppiness, which are forms of mental exhaustion and can lead to making trading mistakes. Slowing down helps you restore your self-discipline. Speed up later. When you trade badly, decrease the size of your positions. Slow down when you do badly. Bad trading can lead to frustration, which is a form of mental exhaustion and can lead to making trading mistakes. Speed up later. The greatest obstacle to your continued trading success is not the markets. The greatest obstacle is you. Master the markets second. Master yourself first.

The lines approach is a way to manage the extreme skill involved in being successful: discipline succeeds. The idea is to start each day in cash and shift your money according to each day's best, cleanest trade(s) (hold overnight on exception). My simulated futures account shows you how I use the approach. Your skill will decide your results. If you are a bad trader, learn to become a good trader. If you are a good trader, learn to become a better trader. If you are a better trader, why stop there?

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