A Week in the Life of a UMT Trader
Mark | December 8, 2008A Univeral Market Trader/UMT trader can be an active day trader, he or she can be a swing trader. You can day trade the S&P, Russell, Nasdaq or Dow e-Mini, or the Dax Futures or even Crude Oil or T-Notes. Or you can trade stocks like Apple, Google and sector funds — even the underlying options. Every UMT Trader is probably a little bit different and that’s the versatility of the strategy. Master this one strategy and you have a lifetime of trading possibilities ahead of you. No matter how the markets changes, as volatility goes up, or goes down, you’ll have a strategy that is completely dynamic to these changes and self-adjusting. Here’s an example of three very different types of traders and how they would have done just last week from December 1st – December 5th.
S&P e-Mini “Scalp” Trader
This UMT trader wants to “get in, get out, and get done” as quickly as possible. In just 30 minutes or less, all five days they had reached trading goals (two wins and a positive result) and ended with +27.25 points = $1,362.50 per contract (including a tick of slippage per trade)
Crude Oil Futures Day Trader
This UMT trader likes to trade the energy futures. There’s excellent liquidity and these markets are worth $10 per penny (tick) move so profits can add up quickly if you catch the trades right. This past week there was +$2.30 profits = $2,300. Not taking every trade – again like the above the UMT Trader can always trade more trades – but we find it’s better to have a specific trading plan that gets you to your profit objective as quickly as possible and then finishing. No need to over-trade — remember, Get In, Get Out, Get Done. Always.
Forex Trader
This UMT Trader focuses on the European market hours only. Cutting down those 24 hour days is pivotal to succeed in forex trading. Who can survive trying to monitor and trade markets 24 hours a day? That’s no way to live. Instead focusing on just a 4 hour window per day and trading three markets – in this example the popular GBPUSD, EURJPY and EURUSD means usually 2 to 4 trades per day and an outcome this past week of +459 pips.
There’s many types of traders — the key to success is sticking to a very specific trading plan – the UMT gives you an exacting strategy that has 13 years of development behind it. We know what works, we know what doesn’t. Follow the path we’ve laid out for you — the opportunity is certainly there. Join us at a Weekly Webinar if you haven’t yet or jump onboard. It’s an important decision, but a wise one.
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