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.
Do you agree or disagree?
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Very intersting webinar today (12-10-08). The indicator has really
Ben Maltz | December 11, 2008Very intersting webinar today (12-10-08). The indicator has really come a long way and seems SO trader friendly.
I have some pre-purchase questions:
are there markets that can be effectively traded with UMT between 6PM and midnight EST?
(NetPicks Reply: In those hours you are primarily looking at forex — EURJPY, GBPJPY, USDJPY and sometimes AUDUSD. Dax/Eurostoxx futures don’t start until just a bit later. And of course, stock swing trading can be done during that time. Would not trade the US futures in Globex)
how well did UMT handle the market over the past 3 months on swing trading / end of day basis
(NetPicks Reply: The method thrives on movement so you can see why the extra volatility in recent months has played out well. Of course it always depends on the specific stock/market you’re talkinga bout – we would never expect everything to be perfect but there’s been plenty of solid choices)
any idea when thinkorswim indicators will be ready? I know there must be issues with limiting access to your indicators on TOS’s platform
(NetPicks Reply: We have been talking with them on this and would like it to be part of our future plans.)
can you recommend futures markets to trade on an end of day basis with an $11K acct?
(NetPicks Reply: Futures end of day in that level some you might look at – but be sure you test them with the method – do some manual back tests etc.. Soybeans, Wheat, Corn, Crude Oil, Gold)
is the “Ultimate” package downloadable or is it shipped?
(NetPicks Reply: Download, login, videos, live training)
how often do End of Day trades typically show up?
(NetPicks Reply: Depends on the market and timeframe — you can use “quicker” than daily charts and still swing trade. Those will trigger more trades.)
are there scans that can be used to detect trade signals for use on an EOD basis
(NetPicks Reply: It can probably be done with “Alerts” for the core indicator but remember that doesn’t capture “every” set-up — about 80% of them)
most all the videos and webinars show day trading time frames with relatively small profits on each trade. what type of profit tgts are there on an EOD basis?
(NetPicks Reply: A real strength of the strategy are the dynamic targets/stops. If you expand out the timeframe the targets will get much larger. For example, you could be looking at Google on a day trade and the target could be a few dollars – on a swing trade it could $100)
do you always take the stops as shown on the chart or do you move amd trail your stops and let the market take you out of the trade?
(NetPicks Reply: We have two points where we tighten the stop.)
Thanks, Ben
Thanks Ben – see your answers above.