After three decades as a trader, Patrick MontesDeOca founded The Equity Management Academy with the belief that "regular" investors could learn to trade like "Pros" when given the right tools. Patrick and Director of Research Dr. Scot Macdonald's accrued knowledge is embodied in the fully automated proprietary trading program, Variable Changing Price Momentum Indicator (VC PMI). They offer subscribers to their SA Marketplace service, Mean Reversion Trading, regular reports and trading alerts on the S&P 500 E-mini, gold and silver.
Topics covered:
5:40 - Reversion to mean system of day-trading includes 5 pivot points 17:50 - What it takes to be a good trader: managing emotions and greed 26:00 - Ideas for managing risk 28:30 - Why trade primarily gold, silver and S&P 500 E-mini futures? 38:00 - Holding period: overnight vs. day only 40:30 - Preferred vehicle for trading silver 43:00 - Extreme market conditions: does a system-wide break down requiring a need to stay on the sidelines? 50:00 - Advice for day-trading effectively: discipline, passion, patience, manage emotions.