How to Get Started - Beginners Guide
The most important elements of becoming a professional trader can be broken down into 3 main areas of concern.
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Strategy and Development
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Risk Management
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Trader Environment
If any of these areas whether you're a new trader or professionals are not strategically in line, the trader will experience difficulties. That's why Orion Trades is offering the Elite Traders Group: Online Chatroom so you learn advanced topics, that are meaningful, and can be put into action, in a real-time environment.
Here is an example of the analysis that you will find each day as a subscriber of the Elite Trader Online Chatroom. Our team will document the entry and exit price with 1st, 2nd target and trade rationale.
In the example below, IBIT the Bitcoin ETF was deeply oversold. The Fed just changed their outlook leading to a 2.6% drop in the Dow jones Industrial average, which translates to a 1,123-point swing. Traders were in risk-off mode ahead of the PCE data and it wasn't until Goolsbee expressed optimism during a 10:00 AM EST conference that the market made a significant recovery.
As trader's were not looking to swing for the fences. We are looking for high probability setups that are based on relative strength or weakness.
Chart Setups Explained
FOMC Changes Outlook: Volatility increases after the Fed changes their outlook. The best strategy was to let the market open and wait for confirmation of the trend. Traders were risk-off into the PCE report. The market rebounded after the announcement and there were a few setups, that required trader's entering the market on the oversold levels.
We regularly trade range breaks due to their clear signals and potential for substantial profits. For instance, we can capture smaller profits by shorting at the top of the range. The extent of the stock's decline is unpredictable. When the opportunity arises, it is crucial to act swiftly and short the break with significant size. If the momentum persists, the market is likely to continue downward, allowing traders to make larger bets
$RUM shares rise 40% premarket after it had entered into an agreement with Tether to receive a strategic investment of $775M; Blockchain-enabled platform Tether has agreed to purchase over 1.3.3M shares of RUM Class A stock at a price of $7.50/share.
In the example above, symbol $RUM rips in the afterhours session. The news was good however, as traders we don't usually want to chase stocks on news breakout. As a professional trader we can check the level II data and look for support but what ultimately happens is the bid/ask spread widens and there is no telling where the support is.
The next day there was a shorting opportunity that made sense. Offers where stacked, major indicators were flashing sell, and the bid/ask spread was a penny deep. This was the setup that I have been waiting for.
Strategy and Development
Our team specializes in designing and implementing advanced trading systems that utilize the latest software and technologies. Whether you need a high-frequency trading system, algorithmic trading solutions, or sophisticated risk management tools, we have the expertise to deliver. Our systems are built to be scalable, reliable, and efficient, ensuring optimal performance in various market conditions.
Team Orion has years of experience working with proprietary trading applications and software.
Risk Management
The key to making consistent profits on a daily basis requires the trader to define a strategy and test that strategy in a simulated account. Many traders will disagree and tell you that simulated trading is not a good measurement of profitability.
The truth is, when trading a real or simulated account, you will have to define a set of rules. If you can't put those into practice on the Simulated account first, you will not be able to apply in a real account.
Our team can teach you how to back test your strategy on TradingView and apply those strategies in a real-time market environment. Contact us to request a quote on your custom project. We can turn your strategy into a highly optimized black box trading system.
The professional 1 to 1 Training Sessions are designed to teach advanced day trade concepts. Regardless - if you're a new trader or professional, risk management is the key to becoming profitable. Since risk management is a component of the software or platform, the trader decides to deploy, it is important to know the rules in advance so that you do not get caught in a bad trade and lose thousands of dollars.
Traders can learn
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How to set up and use the software as a professional trader.
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How to apply risk management strategies.
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How to avoid common mistakes.
Trader Environment
If you are a new trader thinking to start a career as a professional Day Trader, you will need to be aware of the following requirements.
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You will be required to develop an edge.
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You will be required to be in a professional environment.
The trader environment is the most important concept because this is where you will gain a fundamental understanding of how equities, digital assets or options behave.
As an experienced proprietary trader, I created this webpage as a prototype for new traders and to help other professional traders find and develop their edge. if you are interested in working together and don't know where to start, submit this form as soon as possible: Professional Trader Worksheet Form