Chapter 11

The Day Trader Josh Training Program

So many times I've been asked: “How do you trade full-time and also find the time to coach?” The simple answer is that I don't do both at once, not during the first two hours of the market. The deeper way to answer the question occurs to me in two versions, one short and one long. The short answer is I enjoy teaching others. I love to show others how to make consistent profits.

Day trading stocks independently tends to be a solitary profession, and I'm not a loner. I enjoy interacting with my trainees, and also my graduates who become professional traders. I love being there when my trainees first realize this system actually works. That pleases me more than anything that I may achieve by myself.

The long-story reason is that, someday, I plan to have my own private equity trading floor on or near Wall Street, or sunny San Diego, preferably both. In order to have highly seasoned traders on my floor, I need to sufficiently train them. I need to develop and thoroughly groom our future trading group. I'm currently in the process of a double evolution. I'm building my trainee/graduate base, and most importantly, I'm acquiring the skill set required in a master private equity day trading coach.

It's extremely important for you to know that my coaching is one-on-one. All live-trading trainees and graduates have access to the same online trading room, but our phone conferences are entirely one-on-one, always just you and me speaking. That way I can set the right pace—right for your schedule and your own progression in practicing and learning the material. You have one full year to master the system, so there's no rush to learn if you've got a “real” job or any other fulltime commitment.

The length of my mentorship program blows away the standard industry teachings. Most prominent training programs show you how to set up your accounts with only a pay-per-trade online brokerage, and they show you a few standard trading techniques. Then, after they've gouged out your wallet to the tune of thousands of dollars, they throw you to the wolves.

The training industry tuition range is 3K–7K. If they charged a lot less money, it wouldn't be so bad. Think about it: you pay for only three to five days of instruction, and your fee comes to more than most state university registration fees for an entire four-month semester.

On the contrary, my initial core training takes a minimum of six weeks. This core training happens throughout the one-year program. This is because you must practice the Day Trader Josh system during market hours, particularly the first two hours from 9:30 to 11:30 a.m. EST. You're not required to trade every day, and you can do the six weeks spread out and broken up—consecutive isn't important. The goal is to thoroughly grasp the system whenever you can be there.

Similar training programs charge the same fee or higher, but they only last a few days. You can't learn the mechanics and skill set of day trading in just a few measly days, and you can't really do it in a classroom setting, which is what you'll find in most corporate training programs. One-on-one is essential.

Program Details

As you've already seen in Chapters 1 through 5, you will learn both intra-day and swing trading. When combined, that's my Fusion Trading system. You will start off learning intra-day trading and all the pertinent rules and procedures, and then you'll advance to swing trading, a system that requires more experience and skill. You will learn how to Fusion Trade by using both intra-day and swing trading setups. Finally, you will learn the advanced strategies, including pivot trading, sideline trading, and trading during an earnings release.

My intra-day strategy is based on making 15-cent profits ($15) at specific pivot points. You will only be trading one stock while you learn intra-day trading, and all of your trades will be limited to that one stock in the program. Typically, when you're trading one stock, you'll place between one and five roundtrip trades in the first two hours of the market. After you master that phase, you'll eventually start adding more stocks. More stocks means more trades.

Depending on your rate of progression, the intra-day trading phase of the course takes up the first two or three weeks. It's important to not rush yourself. Learning the system thoroughly is all that matters here. The final three or four weeks are for learning swing trading and Fusion Trading. The more advanced strategies will be learned over the remaining year of the program. The key to my system is knowledge of both strategies and using both to maximize profits. For instance, you could go three days straight with no swing entry. You would use that time to focus completely on Fusion trades.

When you progress to learning my swing-trading strategy, your trades will run for $1.50–$2.00 profits ($150–$200). Depending on your capital, you will have the option of trading more than 100 shares. As you learn to carefully maneuver, the greater risks you begin to take will lead to greater rewards.

Learning Objectives

  • Learn why you must know intra-day setups before you place swing trades.
  • Learn why you place orders directly from the Level 2 quote chart in real time.
  • Learn why you trade in 100-share blocks.
  • Learn why you intra-day trade stocks priced $100–$250.
  • Learn why you take consistent profits per trade of $15 (intra-day) and $200 (swing) per 100-share trade.
  • Learn the mechanics of fastkey order execution (critical for intra-day trading).
  • Learn how to place over 20 roundtrip trades in the first two hours of the market (intra-day and swing trades combined).
  • Learn how to trade with pay-per-share brokers at 40 cents per 100-share trade.
  • Learn chart analysis using one-minute candlesticks and using the daily candlestick chart (real price-level strategy).
  • Learn how to recognize newly forming intra-day support/resistance and previous support/resistance.
  • Learn how to place real-time limit orders—getting in and out of trades in seconds.
  • Learn how to tier into a trade (as opposed to averaging in): this is an advanced alternative to relying on a static stop-loss.
  • Learn how to use the Day Trader Josh trading room for both intra-day and swing.
  • Learn how to use the Lightspeed demo trading platform—this will blow you away!
  • Learn how to back-test your intra-day and swing trades: homework is essential.
  • Learn what tiers are best to enter at for swing trades.
  • Learn how to turn an intra-day trade into a swing trade.
  • Learn over a hundred rules and procedures that make the system work consistently.
  • Learn how to Fusion Trade.

What the Price Includes

  • Learning the Day Trader Josh entire trading methodology and graduating to pro-trader status within the one-year period.
  • Eight or more one-hour phone conferences (one-on-one training and strategy sessions with me for the initial core training).
  • After core training, continuous 5-to-15-minute phone conferences and emails for an entire year.
    • Virtual in-person mentorship: back-testing your trades (one-on-one phone conferences).
    • Experiencing Day Trader Josh trading in real time (one-on-one phone conferences).
    • Training on a fastkey order execution demo trading platform.
  • After core training, my personal help with your live trade setups that you perform on your own.
    • Free access during the one-year program to my Day Trader Josh Trading Room.
    • My personal guidance through the four very risky and tricky earnings seasons during the one-year program.
    • After you've learned the entire system, each month the option of asking me questions on two specific trade setups.

Recap

You can learn my Fusion Trading system all within six weeks, or spread the sessions over a longer period. Regardless, you'll be under my wing for an entire year. You'll have access to my trading rooms for one full year.

Contact me for scheduling start-dates.

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