Seven Summits Trader is Finally for Real and Available!!

August 27th, 2010

After the long wait, the Seven Summits Trader is finally available.  It has been an amazing experience developing this system and finally seeing it become available.  Alas though, progress is upon us and our once hidden secret live traderoom has evolved into something bigger and grander.  We have become the actual live trade and training room for the Seven Summits Trader, exclusively.  That’s a big deal too.  Today was our first live VIP session and wouldn’t you know, Murphy actually decided to take the day off.  Anyone trading our Russell emini trades, exactly how we have been trading it over the past several months, would have completely paid for their SST packagae AND the optional Live Training this September with just our TF trades, +16.7 points and new equity highs again.  Here is a post from the SST blog highlighting today’s action.

I want to give a big heart felt thanks to all the members who have spent time with me in our live trade room over the past 2 1/2 years.  It has been quite a run!  Check out the archives for a full accounting of our grand adventure together.  Many thousands of dollars have been made trading numerous markets with a variety of Netpicks trade systems.  Some better than others but all in all, we have had enormous success over many thousands of live trades across numerous markets.

I plan to keep up the same winning style in the new SST Training Room.  The SST (aka: the Nooner) continues to prove itself.  While change is always difficult, and scary at times, I truly believe that this will be a big change for the better and so many traders are going to benefit.  SST IS the best thing we have ever come out with here at NetPicks and the Owner’s Club will be a vibrant ongoing learning experience like no other.  Already, we have begun to post up Tradeplans and will continue to do so on a regular basis.  I hope that many of you, if not all, will get on board the Seven Summits Trader while the cost is still low.  It is obvious that it is way underpriced as is, for a tradesystem of this caliber.  Fortunes will be made by the traders who learn it well and trade it as intended.

While I haven’t quite figured the direction this blog will take, I do plan on keeping it going.  I hope you will check back in from time to time.  I wish everyone great success going forward and I hope to see you soon, in the SST Live Room.

- TJ

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Russell eMini Hits New All Time Equity Highs Again Today with the Seven Summits Trader

August 16th, 2010

After grinding out +6 points on the Russell last week, with low volume, listless price action, today we jumped out of the gate like a race horse, picking up a fast +10.3 points on the Russell eMini with classic SST trading in our live trade room, hitting new all time equity highs.  Within 20 minutes we were off to enjoy the rest of our day.  At $100 per point, we were able to grab over $1000.  The session continued to be amazing and anyone trading a more vigorous quitting strategy would have been very happy today.  We’re content with our 2 wins and positive ‘power of quitting’ approach however, which keeps us moving our accounts forward while taking what the market wants to give us session after session. 



Click on this chart to see today’s Live Russell trades as shown directly on the chart.



Click on this chart to see the actual trade details



Click on this chart to see our most current equity curve. Notice our breakout to all new equity highs today!

We broke out to new equity highs today and have been able to post +260.8 net points, maintaining a 68% winning percentage over 525 trades; 2 positions each.  Check out our weekly and daily session stats.  Weekly, we’ve won 15 out of 18 weeks, 83.3%.  Daily, we’ve won 66 out of 88 for a solid 75% daily win rate! 



Click on this chart to see the actual trade details

Forex traders should pay attention because while these are real live futures trades, what we’re finding is that our forex charts are even producing higher returns.  Stocks too!  And, as I have stated earlier, stocks and forex give us more flexibility with one of our key 7 summits of trading, scaling in and out at strategic levels.  Hard to do with Futures unless you have a 6 figure trade account, but with stocks and forex, you can do it with much less and grow your account to 6 figures and beyond, with a well thought out tradeplan.

Finally, I wanted to show you what the power of proper money management would have had on our live Russell trades, as an example.  I took the same exact trades that I called live in the trade room and applied a simple fixed fractional money management plan to them.  I put a 10 contract cap (per position) and assumed a starting account size of $20,000.  I then applied a 2% risk per trade to the average losing trade, $163.  I also put on a $10.50 per position cost (commission and slippage). Now, we know that we’ve been able rack up $26,000 in gross profits with an no money managment applied, based on the accummulated points to date.  How much do you think we would have made using this simple money management approach over the exact same live trades?  You’ll need to click on the chart below to see the NET after cost results.  I’ll give you a hint.  We had to add another digit.  We capped out at 10 contracts less than 2/3rds into our trading.  In other words, using the formula briefly described above, we built our position size up to 10 contracts by around our 325th trade, give or take (525 trades in total).   That means, every trade after that was trading at the maximum allowed 10 contracts per position.  That means that as the equity kept growing, the risk per trade vs. our overall trade capital, from a percentage basis, became less and less.  In other words, our risk on each trade stayed the same while our account balance kept growing and growing.  That’s the power of this idea and we think you’re eyes will pop out when you see the results below.



Click on chart to see same live trades with both a single contract approach per position and a fixed fractional money management approach per position.  The blue line and numbers on the left are single contract results.  The green line and numbers on the right are the managed contract results.  Hey, we teach this stuff!  You could be doing this!!  These were all called live in our traderoom.



Click on this chart to see how much actual NET profit was made from the exact same live trades.

* All graphs courtesy of NetPicks’s UTA (Ultimate Trade Anaylizer) Utility; www.ultimatetradeanalyzer.com

 

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Dynamic Profit Generator Training Videos

August 12th, 2010

It was brought to my attention that the Dynamic Profit Generator training videos might not be working so I decided to reproduce them and to post a link here for anyone lucky enough to find their way to this blog.  It’s such a powerful tool and I wanted to make sure that all my readers and members of our live trade room at least had access to the training.   Here it is.

Play Video

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Seven Summits Trader (SST) Loves to Trade Crude Oil Futures

August 9th, 2010

Netpicks’ Seven Summits Trader (SST) trade system works great with Crude Oil Futures.  One of my favorite timeframes, like the Russell emini and many other great trading futures markets, is the 377 tick chart.  It just seems to work so well.  Today, we had the classic reversal setup and the optional addon opportunity to scale in a couple more positions.  Within 25 minutes, $1.15 in profits was right there for the taking, utilizing the full scope of the system.  That’s $1150 in profits, see ya tomorrow!

Of course the full strategy is not for everyone because adequate capitalization is critical.  This video also talks about how you would approach the system with a plan going forward so you can implement each aspect of  the strategy, step by step, as you grow your account. 

As a bonus video, you’ll see a nice Dynamic Profit Generator trade that set up shortly after the SST trades were completed.  The DPG is a great tool for catching an extra trade here and there, when the opportunity presents itself.  This video shows you what I like to look for and an approach I have used for many years with this strategy.  TJ

SST Crude Oil Video

DPG Crude Oil Video

Meanwhile, the markets we like to trade in our trade room didn’t give us much to work with today, in front of tomorrow’s FOMC meeting.  We did get another winning session on the Russell eMini though, ending with a modest + 1.3 points.  We’ve won the last 9 out of ten sessions.

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Netpicks’ Seven Summits Trader; DAX and Russell eMini Videos

August 9th, 2010

It’s been a very busy week of trading with Netpicks’ Seven Summits Trader trading system.  We ended a very strong week of trading with the DAX and Russell eMini, to name just a couple of markets.  The Dow, Nasdaq and S & P eMinis all had super weeks.  Our forex trading was off the charts and our stock trading was stellar as well.  I wish I could show you all the amazing results that we’ve been getting with this amazingly powerful yet simple to trade system by Netpicks — easily its BEST ever! 

How does a solid 71% winning percentage sound trading DAX futures over the past 200 trades, during the US Session?  The EURO session, while giving only about 30% of the quantity of trades as the US session did, during that same time period (the last 50 days of trading), made up for it with quality.  Our DAX trades won 79.5% during the Euro session!  Combined, one could have made nearly $90,000 (converted from Euros) trading the DAX with the SST, and if you are living in Europe, you could have actually done that with two trade sessions per day, or working a swing shift, trading the am and then again in the pm.  Believe me, it has me wanting to relocate to the French Riviera.  I could get used to popping open a nice bottle of Bordeaux each afternoon, trading a the DAX a few trades per day.  What a comfortable lifestyle!!

Play Seven Summits Trader DAX Video Here

Play Seven Summits Trader Russell eMini Here

Don’t miss the release of the Seven Summits Trader!!  Get more information here:  www.SevenSummitsTrader.com

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Netpicks’ Dynamic Profit Generator (DPG)

August 7th, 2010

The Netpicks Dynamic Profit Generator is now available.  Check out this amazing tool and while you’re at it, why don’t you click on this link so you can  download it for yourself, FREE.  https://netpicks.infusionsoft.com/go/SSTDPG/a100

Free training also comes with the download.  I’m not sure how long this nifty little trade utility will be available free of charge so I would encourage everyone to get it while they can.  It’s an awesome tool, actually.  Check out these two short videos I made yesterday, on a whim.  I saw some possible setups taking place and decided to demo the DPG live to help everyone get a better feel for how to use it in a live market situation.  I only put on a modest 1 contract position but the whole point was to demo the DPG.  I had already finished my official trading for the day and only decided to record this at the last minute, while I saw the setups occurring.  Here they are.

Play Video One

Play Video Two

Make sure you check out the post below, if you haven’t already.  Netpicks’ Seven Summits Trader trading system release date is about to be announced.

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Netpicks’ Seven Summits Trader (SST) aka “The Nooner” About to be Released

August 7th, 2010

Netpicks’ is about to release the much anticipated Seven Summits Trader (SST) trading system, aka “The Nooner,” most likely within the next few weeks or so.  Keep your eyes and ears open for the announcement.  This is one webinar you are not going to want to miss.  If you’ve been paying attention at all, you will already know that we’ve called been calling the Russell eMini and EURJPY live in our trade room with this amazing strategy.  In fact, we’ve had 14 of the last 16 sessions ending positive with the Russell emini and have racked up nearly +270 points, or to put it in layman’s terms, $27,000 in profits during that short time span.

The EURJPY has been in practice mode so I haven’t been officially tracking those results but my longer term statistics for that market is right in there with the Russell eMini, at about 68% or so.  In fact, check out this video recapping how the SST picked up over 300 pips daytrading the EURJPY, in just one session!

Play Video

In case you already saw that video, here’s another one highlighting some of our recent live Russell eMini trades.

Play Russell eMini Video

For more information, visit www.SevenSummitsTrader.com

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eMini Futures Trading Produces New Equity Highs Again!

August 6th, 2010

eMini Futures Trading Produces New Equity Highs Again!  How fitting too.  After a flat month of July, the dawg days of August are delivering stellar profits and a breakout to new all time equity highs!  No surprise there.  I want to start a new indicator and call it the “Those that quit at the wrong time” indicator.  But isn’t that human nature?  That’s why it is so important to have a real big vision and know why you are trading.  This is a business not a ‘feel good’ fest.   An edge in the market, a solid tradeplan to take advantage of that edge, smart money management, and an overall belief in your system so you can trade it as intended, according to your plan is what successful trading is all about.  Then, new equity highs will happen.  Like this week.

Our Russell emini trading, with our new Seven Summits Trader (SST) trade system, aka The Nooner, brushed off the sluggish July, and exploded into its first week of August.  We had two double digit gaining sessions this week and posted +40 net points when all was said and done.  We’ve won 15 out of the last 17 trades and have called over 500 live trades thus far.  We’re holding a firm 68% winning percentage and +244 net points.  That is taking into account some mistakes made last week too.  The pure system itself, without mistakes is even doing better, with +264 net points, $26,400!



Click on chart to see the recent Russell eMini Equity Curve SST System Results



Click on chart to see the recent Russell eMini Equity Curve Actual Traderoom Results with SST

Our Nasdaq eMini trading with the HVMM has also broken to new all time equity highs.  We’ve won the last 11 out of 13 trades and have hit new profit levels.  Today ended a very nice week, winning 6 out of 7 trades for +26.25 points.

British Pound Futures Trading also doing great.  We won 8 out of 10 this week and 12 out of the last 14 trades.  We are literally sitting right on our equity highs.

Our EURJPY Forex trading with SST this week also was stellar.  We won 10 out of 13 trades for a net total of +157 pips!  But that doesn’t really tell the whole tale.  Actually, on Wed the 4th, when the system had 2 losses, we cancelled trading for that session due to the markets being too slow.  I didn’t call trades that day on but I’m counting them for the record so we could get a clear idea of how the pure system results shaped up.  But, sometimes the best trade is the decision to not trade at all and in reality, our real results were even better than the system results.

Today I showed The Dynamic Profit Generator our new free trade utility in the trade room.  Anybody who wants to get their hands on it can do so now, by clicking on this link:  https://netpicks.infusionsoft.com/go/SSTDPG/a100

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Futures Trading; Dawg Days of August Begin Strongly with the Seven Summits Trader

August 3rd, 2010

Our futures trading have begun August very strong.  July was a tough month and several traders threw in the towell.  But as so often is the case, the human instinct for survival is often behind the curve when it comes to the markets and trading.  We’ve seen it time and time again.  The ‘herd’ quits at the absolute wrong time, right when the odds say that the winners are about to hit the wire.  Anyone doing their homework and studying the results of this trade room, as posted over the last couple years in this very blog, should have known that the best trades come after the toughest.  So often we have broken out to all time equity highs right when everyone quits the system.

Well, how predictable.  It happened again.  We’re on an 8 trade winning streak with out British Pound futures trading and only a trade or two shy of breaking out to new all time equity highs.  We are just below that level.  Nasdaq emini, too.  We’ve won 9 out of the last 13 trades and are just a couple trades below our all time equity levels.  On human time, it seems like we’re grinding it out, and if fact we are, with slow, low volume summertime trading.  But on market time, we’re just a few trades shy of our equity highs and we will be making new ones at anytime.

The real story though is with the Russell emini and our brand new trade system (affectionately referred to as ‘The Nooner’ in our traderoom) The Seven Summits Trader Trading System, soon to be released.  Trading the system correctly, it has posted positive gains 14 out of the last 15 weeks.  In fact, it has reached an all time equity high, today, hitting a total of 238.4 points while maintaining a stellar 67.56% winning percentage.  Wow!

The results of our traderoom though are a little bit off of the actual system results.  I had to take about 8 sessions off due to some travel plans and my participation in the last Netpicks Live Training Sessions.  Then, when I did come back, I made two minor mistakes last week with my trade calls.  Let me explain. 

When we are in a position, and we get a setup to stop and reverse in the opposite direction, it is in my tradeplan to add a couple ticks for extra confirmation to try to protect the position we are in.  It’s like an insurance policy.  I’m willing to give up a couple ticks and hope that it is enough to stay long, for example, and not get accidentally wiggled into a short position.  I forgot to do that on a very pivotal trade.  Just two ticks changed the course of the session.  On an earlier trade, I forgot to wait for the bar to close before moving my stop.  The price took us out and we missed a big winner, also changing the outcome of the session.  Both trades changed what would have been a positive week, to a negative one.  So, the system performed great, but the trader made two costly errors.  I hate it when that happens but the important thing to remember is that mistakes can and will happen from time to time.  You can never plan for them.  Don’t panic.  This new trade system recovers quickly enough.

How quickly?  Well, yesterday we ended with a very nice +3.6 points on just two trades.  Then today, we hit a home run trade.  We caught a 10 point runner and ended the session up +11.8 points.   The system broke out to new equity highs but the actual room results are still a tiny bit below equity highs.  A blip on the radar screen looking at the big picture.

Here’s a video recapping today’s action. 

http://www.netpicksllc.com/Troy/080110_sstpromo2/080110_sstpromo2.html

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Seven Summits Trader Trading System (SST)

August 3rd, 2010

The Seven Summits Trader trading system, Netpicks latest and greatest creation, is about to be released to a very select group of traders.  If you are receiving Netpicks correspondence then you have nothing to fear and will be invited to this very important event.   If not, you’ll want to visit www.SevenSummitsTrader.com and sign up for the webinar.  The official announcement hasn’t even been made yet and the website is so new that it might not even be live yet either, as of the date of this post.   But since you are reading this blog, consider yourself one of the first to find out.

If you’ve been following along, you should know by now that we’ve been trading this very system live for 15 weeks now, and with spectacular results.  We’ve posted over 200 Russell points on very limited trading despite tough, low volume, summertime price action. 

Never before has there been a trade system quite like this and Netpicks is extremely excited to finally make it available to its circle of traders.  I can’t reveal too much at this point but here is the first  in a series of short introduction videos that will begin to show you, step by step, some of the powerful trade tools that make up the Seven Summits Trader.  ENJOY!

 http://www.netpicksllc.com/Troy/080110_sstpromo2/080110_sstpromo2.html

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