The Trading Work Book (TWB) is designed to give accurate, concise information relating to the day market. The TWB is a valuable program that covers the full range of international indexes, commodities and currencies that affect the Australian market.
Institutional Market Sentiment - The disposition of current Australian institutions and their current insurance level in the market. This is effective for the estimation of corporate activity in the market.
SPI Prices - Includes current information, estimations of open price, likely direction, range and fair market value for the SPI based on overnight movements of the international market. Commodities - Movements of Gold, Oil, Iron, Nickel, Lead, Zinc, and Copper from 4.00pm yesterday at market close to 9.00am this morning prior to market open. These references show us what the market will factor in and what news has already been factored in.
International markets - Includes BHP and RIO performance in international markets as well as a broad range of indexes that our market references including the NIKKEI, S&P 500 and FTSE 100.
The TWB is combined with a range of Index trading tools:
- SPI Master Grid with volatility cycles.
- Zone Analysis profile to find key areas that the market will gravitate too.
- Wealth Accumulator - a set of pyramiding trades in the Index for superannuation and long-term growth.
- LRIX - A short-term day trading strategy.
- Intra day charts going back to 2010 on a daily basis for both the SPI and The S&P.
What Client have to say:
I believe the TTWB is what sets Trading Tigers apart from all the other trading packages I've looked at. The daily market information, along with your notes and your suggested trading options, are equivalent to having a trading mentor working with me daily.
What's even better than that, is knowing that you are trading the suggested trades yourself with your own money, which means you've got some skin in the game. I think the current format where you do a market wrap up, discuss the days suggested trades and finish off with a review of yesterday's results, is great.
Thanks for all your support.
Your daily commentary is terrific and has made an impact and a difference in my ability to practice the day trading and platinum tiger principles.... it's been profitable every day, finally, it's coming together for me.
I like the TTWB for three reasons:
1) It is Regular. Knowing that I've got a daily guide is a huge incentive to get out of bed in the morning and see what is happening in the market. It provides a ritual for my day, even if I only do one or two trades. Also, knowing that it is going to be there means I'm happy to miss a trading day or two: there will always be tomorrow.
2) It is Readable. I like the mix of a visual guide for action in each of the markets overnight, and a short, simple written guide for the expectations of the day. I especially like that I've not overwhelmed with information unlike other guides, it cuts to the chase without all the extra justifications that other commentators feel bound to use to make their story convincing.
3) It is Realistic. TTWB is part road map, part crystal ball, and that's fine by me. I know the parameters for each of the trades, and am getting better 'on-the-hop' working out whether their conditions for entry have been met. However, at the end of the day, it still puts the responsibility on me to exercise good money management: correct position size (and direction, but the less said about that the better.), use of stops and targets, and most of all, keeping a lid on the emotion.