SPBankBook – The Trendway Prime Two Day Trading System
This day trading system trades both long and short trades and relies on one basic study to determine not only the direction of the next trade but the entry price as well. It also determines whether trades are long trades or short trades. All from one simple study that is so popular that the data from your charting company will almost surely be the same data no matter what charting company you use.
This is very important because it is sometimes extremely difficult to find one trading study that all traders can rely on for honest reporting. Most of the time you will find it almost impossible to compare your results with others who may be trading the same system.
When you purchase the system you will get a) a trading manual that explains in detail all the trading rules and that leaves nothing out. There are also sample charts showing how the trades are arrived at. This is a manual trading system in that, so far anyways, it has not been programmed. I believe it is important to have a hands-on attitude when you are spending your money, so you should know all there is to know about the system you are trading. You are responsible for your own actions. b) there is a procedural manual that explains in detail also just how to go about using the c) Excel spreadsheet that automatically determines exactly how many contracts to trade according to the fixed fractional position sizing money management approach. This is the only safe way to compound your equity at a rate that is impossible under any other circumstances. This is the only way to retire early.
The trading results to date have been, so far, staggering to say the least. The 1st trading month produced profits that many day traders don’t see in a year. All my trading systems use the fixed fractional trading approach and all start out trading just 2 contracts per trade. This increases as your equity increases and the most important aspect of this approach is that there is no more risk to your equity than if you were trading just one contract each trade. Reducing trade risk is the lifeline of the trader. Really, nothing is more important.