A proud member of the NinjaTrader Ecosystem since 2007.

Trading123 Indicators

How it began

I got involved in the Stock Market after investing in Mutual Funds during the early 80’s and 90’s. I traded with various professional traders with years of experience when I was first starting at a local Trading Firm. After watching a young trader who was about 25 make over 15k in one day,and other days he would routinely make 5 to 10k. Now this was during the dot com craze when stocks would routinely move 4 to 9 points a day. I wanted to learn from him, as he was always consistent. So I mentored with him, watching him trade each day for months. So after watching and learning from him, I developed my own trading methods and style, using my own technical analysis, chart patterns, support and resistance, breakouts and breakdowns. Back in 2000 there were no really fancy indicators like you have now, support and resistance, volume and moving averages is what traders uses.

I decided to start my own website back in January of 2004, first with the daily alerts stock picker newsletter and trader mentoring and education to help other traders in the stock market. I then began to train and teach traders on how to trade the markets daily, based on basic fundamentals, keeping it simple, easy and not overwhelming you with to much info, so the average trader could have success in trading the markets.  Trading is based all in the charts and you need a good charting program to learn charts, and basic chart patterns on a day to day basis and have a newer computer to handle the graphics and data feeds. Ran stock and futures chat room from April of 2005 through 2014 we traded stocks and futures each day, all day long, we never traded forex. But sometimes life throws you a curve ball,  I got melanoma skin cancer which was pretty scary, my mind was a mess, couldn’t focus or think straight when you got cancer.  I am cured now, so you have to take a look at life, and running a chat room all day, I no longer wanted to do.

I have recently traded the Flash & Debt Crash from the move down and back up, I bought the lows in some of my favorite stocks and watched rally several points going into the end of the day. Traded during the great Internet dot come era, when stocks would go up 5-14 points a day, eBay, QCOM, and TASR was a favorite, and also traded the Dot.com crash where all the over bloated stocks sank quickly, and the recent housing bubble and market meltdown with the banking crisis, I remember CFC sank from the mid 30’s to the single digits.  So I have been there and experienced it all, in my trading career, I have been there and done that, and can trade any type of market long or short.

Before trading

Before I got into trading, I was a licensed Private Detective by the Michigan State Police for 25 years. I loved the job, I got involved in all aspects of investigations from Fraud, Missing Persons, undercover work, criminal cases, I was a surveillance specialist. I did surveillance for 12 years.  It was an exciting and rewarding job but everything gets old once you have done it so long. So I started to get more involved in trading, learning how to be successful. In my career, I had specialized training in interviewing, how to read a person, profiling,  tell if they’re lying. Still, to this day I can read anyone like a book by just talking to them.  

I have been working on and programming computers since 1990, self-taught programmer. Learned how to program websites back in 2002, and have been designing them since. Back in 2004 developed some of our first trading indicators. They have been custom designed by me and our programmers to identify trade setups, it makes our trading easier and consistent. The thing that really improved my trading was the development of the Trading123 Pivots, I had more success, trading the levels, instead of just getting scalp trades all day. With the pivots you know where the price action is going to go. When I started with the Trading123 Pivots AMZN and AAPL were both under $100 stocks. Price would run up to the R5 pivot which is the potential high of the day, and the price would stop right there. And on sell-offs, the price would run right down to the S5 and reverse. So using pivots I started to know where the price was going and that led to being a successful trader.  

Then the indicators worked well and traders then began to ask me to automate trading, so it would be all hands free. And some didn’t like sitting in front of the computer trading all day. This I never understood, it’s your job, so what is so hard sitting at a desk trading all day, nothing in my honest opinion.  It sure beats having to drive 45 minutes back in forth to work each day. Or working out in the weather or doing a job you hate. So the autotrader took 2 years of programming, testing and many long weekends at the computer programming the code.  And it was released back in 2014, and has been updated usually two times a year with improvements to the algorithm and the overall program.  This was for N7, then N8 came along and that took another 6 months of programming to get it transferred to N8 with all the major coding changes it was a challenge, but well worth it.  Now that Ninjatrader 8 has been out for a few years, it is far superior performance wise over NinjaTrader 7. But traders don’t like changes so many are afraid to update to N8.  They heard about all the crashes and bugs, well that was when it first started out. Here in August of 2019 NinjaTrader is on build 18.08.01 and it is very stable, reliable and I use it every day. No crashes and no issues. So we are no longer programming any of our software for N7, we still have it buy all updates in future will be for N8 only. As N7 there is nothing to update it has reached its peak. 

In trading you have to learn how to make $100 before you can make $500. Trading takes a lot of skill, luck and education, more you know about the market and how it works, better trader you can be. There are no guarantees in trading as the market changes each day. 

Regards & Happy Trading,

Patrick-Head Trader



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