Josh has over 100 rules & procedures, and several other time-tested strategies that are based on real-time decisions during each swing trade-setup, they all come together to give his "Fusion-Trading" system a high degree of accuracy and consistency over the long-run.
With Day Trader Josh's swing trading system you ARE NOT applying useless "lagging Indicators", like ADX, RSI, Bollinger bands, Oscillators, etc... INSTEAD, you need to learn the REAL SWING PRICE LEVELS to trade at...for both entry&exits (BUY-LONG or SELL-SHORT).
Day Trader Josh learned his system over his 22+ years of trading experiences... primarily while trading on private-equity trading floors in the Wall Street financial district, when he lived in Manhattan. Its there he learned that REAL SWING-TRADERS (consistently successful) use "Price-Action" trading for entry/exits....and not "lagging indicators".
The key to getting the best swing-trade is knowing the real price levels to swing trade (they can be found on daily candle-stick chart). Certain levels on the daily candle chart, when they hit, there is a short-period of reversal in price, and that is when you capitalize on entry/exits.
Most of Day Trader Josh's swing trades he runs (on average) 5 to 20 points, and up to 50+ points on some long-term holds. He trades BOTH buy-long & sell-short in key situations.
Depending on your capital buying power and the type of trading account and status you have, your NET PROFITS ARE RELATIVE...
- With 25k of your own base capital (not including margin) you can expect to gain $1000-$2500 in NET PROFITS every 1 to 3 weeks (on average).
- With 100k of your own base capital (not including margin) you can expect to gain $4000-$10,000 in NET PROFITS every 1 to 3 weeks (on average)
Also depends on how volatile the market and the stock you are trading at that time. Typically, Josh's stocks he trades are naturally high volume and very volatile stocks that Wall Street trades consistently... CONSISTENCY PAYS!
The more capital you have the more trade setups you can swing trade, and the more shares on each swing trade setup you can profit from.
Those rules & procedures make DTJ's swing-trading system work consistently. Josh is always with you during each trade setup...far less stress then trying it alone!
Josh DiPietro swing trades about 1 to 5 stocks regularly, but watches about 30 stocks (all priced OVER 100, max 400), and on any given day he is actively trading AT LEAST one of his stock, up to 3 stocks at a time, and his trainees and trading partners are receiving the setups tailored for their own accounts.
Some of the 30 stocks on his list he has traded for over 10+ years....so no need to find new stocks when in his trading program. Most of his stocks are S&P 500 companies, the best stocks that wall street trades consistently...CONSISTENCY IS KEY!!!
Between his 30 stocks, his swing trade setups trigger 1-3 times per week. His swing levels are very extreme levels, so each stock may only hit a swing entry price level once every 1 to 4 weeks.
Once you enter a swing, some setups can profit in one day after initial entry, and some can take weeks/months (some up to 3 months, by next earnings release) to hit profit targets for exits. But he always ends up NET GREEN on each "swing-cycle".
Each swing trade "cycle" requires more then one entry. His multi-tier setup trading system is far more complex then picking one single level to trade. Also, consider that your own capital is what dictates which price levels to enter and exit at, and also how many shares at each level. And the hardest of all....you need to know WHEN to exit.
Josh DiPietro's profit targets range from 5 to 20+ points on each swing (and much more in key situations). Again, most of his positions range from 100 share block trades up to 5000 shares (average position size is in the range of 300 to 1000 shares on each swing setup, per stock).
Every situation is different...There should never be a trade setup that has one single entry & exit and same amount of shares that fits everyone, this is simply not the case.
Day Trader Josh's system works because its a very complex entry/exit strategy...."no trade fits all". This is main reason why he coaches each trainee one-on-one.
For instance, and most importantly, he FIRST needs to determine his general swing entry price (his 1st tier). After the first entry, he may have 2 to 4 more entries for the overall swing setup. Each trader may need to enter at different levels and have different shares at each level. Plus, he trades LIFO (last-in-first-out)...So, he gets more "side profits" while in the same base swing trade. Again, this is why you need one-on-one coaching.
There are many ways to trade Day Trader Josh's Fusion Trading System...It all starts by trading live and being coached under his wing.
Learn while you earn!!!
When in his trading group (being coached one-on-one) he will be doing all this for you, moderating on each trade setup you are in, from start to finish. He is constantly updating (in real-time) his entry/exits for each trading partner and trainee.