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Why the NASDAQ is a great beginner market to start on?

Why the NASDAQ is a great beginner market to start on?

The NASDAQ is a great Beginner Market for a new trader so lets break down why!

 

The NASDAQ is our favorite beginner market in the Live Trading Room due to three key characteristics:

 

Daily Volatility: The NASDAQ offers volatility almost 24 hours per day, 5 days per week. This means that you can choose multiple trading sessions each day, or choose a session that best suits you. The Singapore Open at 11 a.m. Sydney time is great for stay at home mum and dads. The European Open starts at 5 p.m. and is great for those that trade once the working day is done. The US Pre Market Session starts at 8 p.m. which is a favored trade for our 9-5 workers who want to trade once the kids are in bed.  The NASDAQ gives you the flexibility too trade when it is most convenient for you!

 

Small Potential Risk: The NASDAQ also offers new traders the chance to trade the markets with a tight stop loss and a small actual risk. There is a Micro Version of the NASDAQ as well, so you can start with a $1000 USD trading account and trade responsibly in the markets.

 

Quick Risk Control: The NASDAQ also provides a new trader with an average trade time of around 12 to 15 minutes on a typical day. This means that new traders have the chance to get in and out of the market multiple times each day. Short term trading means that we can control risk quickly. Short term trading also means that we do not need to hold trades over the weekend when the markets are closed. All in all, the NASDAQ is a great place to start as a budding professional trader. As the screen shot below highlights, it is a great market to trade.

 

The chat log below is testament to our freedom to do this on a daily basis as our short range strategies allow. To me there is no better tool to recession proof yourself, regardless of the doomsday forecasts circling. Well done traders on another great trading week!!! ** Lachlan Elsworth.

Here is our Live Trading Room chat log 27 – 31 July 2020 for the Post Euro Lunch Session (9 p.m. Sydney Time).

 

The following text grab is straight out of the Live Trading Room for the Post Euro Lunch Move with Lachy. Please note that there are winning and losing trades in the chat log below. Losing trades are just part of trading so be aware you will get 1 or 2 from time to time. For everyone of you moving forward, slowly or quickly, I am very excited for you! ** Lachlan Elsworth.

 

Live Trading Room Post Euro Lunch Move with Lachy, assisted by Greg !!!

 

Monday 27 July 2020 – Learn to Trade Live Trading Room Text Grab

 

(09:06 pm) MarkB -: +20 mnq eff

(09:11 pm) Greg : +4×12 es

(09:13 pm) Greg : yes +4×8 +4×4 es

(09:13 pm) ScottP -: +9×1 +28×5 mnq off 76 sim

(09:24 pm) Fred : +11 +21 +31 nq double failure at 15 min 50

(09:44 pm) Kelvin M -: +10 +20 +30 mnq

(09:45 pm) AshtonS -: +10 nq retrace off 141

(09:50 pm) RemieW -: +10X10 dax delta at 12863 fdax

(09:50 pm) KoziK -: +10×3 mnq

(09:50 pm) ErolA -: +10 nq delta sim

(09:51 pm) VincentD -: +10 +7 nq… waited over 2hrs for a trade 0_o

(09:51 pm) GaryW -: +8 -1 mnq (ATM)

(09:51 pm) RemieW -: +10X10 dax delta at 1212869

(10:05 pm) JeffW -: -24×2 nq eff

(10:05 pm) KoziK -: +10×3 mnq

(10:05 pm) HeatherT -: +11 nq sim delta

(10:05 pm) GaryW -: +8 +9 mnq bias switch

(10:05 pm) AshtonS -: -24×2 mnq

(10:07 pm) KurtB -: +20×2 nq live tonight yeeew

(10:46 pm) HeatherT -: +11 nq sim

(10:47 pm) HectorM -: +20×2 mnq

(10:47 pm) Greg : +4×12 es

(10:50 pm) JuanM -: +10 mnq live

(10:50 pm) AshleyB -: +20 nq dorpc

 

Tuesday 28 July 2020 – Learn to Trade Live Trading Room Text Grab

 

(09:09 pm) MarkB -: +20 mnq cc rev

(09:15 pm) VincentD -: +4×2 es

(09:16 pm) HeatherT -: +25 nq sim

(09:16 pm) AnneT -: +8 nq sim

(09:17 pm) Tommi -: +10 nq

(09:17 pm) MaryO -: +10 nq delta sim

(09:18 pm) VincentD-:  +10×2 nq

(09:18 pm) AshtonS -: +30 mnq

(09:18 pm) PeterW -:   +12 +22 +42 nq eff/sb

(09:18 pm) RemieW -: +10X10 dax sb

(09:19 pm) JuanM -: +16 mnq live

(09:19 pm) GaryW -: +8×2 +28×2 mnq

(09:29 pm) MarkB -: +20 mnq eff

(09:29 pm) DomenicoR -: +10 nq

(09:29 pm) Tommi -: +20 nq

(09:29 pm) HectorM -: +20×2 mnq

(09:29 pm) MaryO -: +10 nq sb

(09:30 pm) HeatherT -: +11 nq sim

(09:31 pm) JeffW -: +11 +46 nq delta

(09:33 pm) DarrynB -: +3 es delta

(09:33 pm) RemieW -: +10X10 dax delta at 12765

(09:36 pm) RemieW -: +10X10 dax delta at 12760

(09:37 pm) PeterK -: -20 nq

(10:00 pm) PeterW -:  +12 +22 nq eff

(10:15 pm) TonyN -: +20 nq

(10:18 pm) RobertM -: +11 +24 mnq sim short

(10:45 pm) DomenicoR -: +10 nq thanks greg

(10:45 pm) KoziK -: +10 nq sim

(10:45 pm) HeatherT -: +11 nq sim

(10:45 pm) Kelvin M -: +10 nq

(10:45 pm) FrankK -: +12 nq

(10:45 pm) KurtB -: Yeah boys +11×2 nq live  Greg

 

 

Wednesday 29 July 2020 – Learn to Trade Live Trading Room Text Grab

 

(08:45 pm) ScottP -: +15×2 +1 mnq 1st ecorpc over 15min s/b

(09:06 pm) MarkB -: +10 mnq cr

(09:35 pm) MarkB -: +20 mnq rev cc

(09:45 pm) VincentD -:  +10 +16 nq eff

(09:46 pm) MaryO -: +10 nq delta

(10:06 pm) KoziK -: +10×3 mnq nice call

(10:06 pm) johnw -: +11 nq

(10:06 pm) DomenicoR -: +10 nq. thanks lachy!

(10:06 pm) GaryW -: +8×2 +16×2 mnq thank you

(10:06 pm) AshleyB -: +11 nq

(10:06 pm) JuanM -: +10 mnq live

(10:06 pm) DarrynB -: +10 +15 nq

(10:06 pm) KurtB -: yeeew +10×2 nq live lets go fishing

(10:06 pm) BrendanR -: +15 nq

(10:06 pm) JeffW -: +11+12 nq thx Lachy

(10:06 pm) LornaZ -: +20 mnq

(10:06 pm) PeterK -: +12 nq yahoo

(10:06 pm) KenS -: +10×2 mnq ec ty and good night

(10:07 pm) DanW -: +15×2 nq sim

(10:07 pm) HectorM -: +9×2 mnq

(10:07 pm) ScottP -: +15×2 mnq ec ivo 15min s/b

(10:07 pm) ColeA -: +8 mnq with negative slippage

(10:09 pm) Greg : +4×12 es

(10:09 pm) GaryW -: Thanks Lachy. Gonna sign out now. +76 mnq for the night.

(10:22 pm) KurtB -: Thanks Lachy +22 x2 nq live tonight  see you all tomorrow great trading everyone

(10:38 pm) johnw -: +11 nq

(10:41 pm) johnw -: +8 nq

(10:54 pm) johnw -: +20 nq

(10:55 pm) ColeA -: +10×2 nq

(10:55 pm) LornaZ -: +20 mnq live

(10:57 pm) AshleyB -: +15×3 +20×2 mnq sim

(11:00 pm) johnw -: +11 nq eff c

 

 

Thursday 30 July 2020 – Learn to Trade Live Trading Room Text Grab

 

(09:03 pm) MarkB -: +10 mnq rev c

(09:16 pm) JeffM -: +10 nq sim

(09:17 pm) VincentD -: +11 +13 nq

(09:25 pm) SholtoB -: Total of +65 ticks today. Calling it a night. Thanks.

(09:35 pm) VincentD -: +20 over target today and close to the end of the GR so I’m going to retire before I hand it back tonight.

(09:35 pm) Lachy:  +10 dax step break Long

(09:44 pm) Tommi -: +20 nq

(09:44 pm) Lachy :  +20 nq live on Greg’s call

(09:44 pm) HectorM -: +40×2 mnq

(09:44 pm) EvelynH -: +20 mnq sim

(09:44 pm) KurtB -: +10 x2 nq live

(09:44 pm) VadimS -: +11 +21×2 mnq sim

(09:45 pm) DomenicoR -: +10 nq

(09:45 pm) johnw -: +20 mnq

(09:49 pm) AshtonS -: +20×3 mnq

(09:49 pm) MarkB -: +20 mnq

(09:50 pm) HeatherT -: +11×2 nq

(10:01 pm) ColeA -: +20 nq

(10:29 pm) MaryO -: +10 nq sim

(10:29 pm) FrankK -: +8 es

(10:30 pm) DarrynB -: +5 -9 es

(10:30 pm) TerryO -:  +16×6, +16×6, +8×2 mes

(10:53 pm) KurtB -: +20×2 nq live yeeeew

(10:55 pm) Greg : +4 +1 es sim

(10:56 pm) NancyD -: +10×2 nq

(10:56 pm) MaryO -: +20 nq delta sim

(10:56 pm) HectorM -: +40×2 mnq

(10:56 pm) EvelynH -: +20 nq sim

(10:57 pm) HeatherT -: +11×2 nq sim

(10:59 pm) HeatherT -: +11 nq delta

(11:00 pm) johnw -: +11 mnq

 

Friday 31 July 2020 – Learn to Trade Live Trading Room Text Grab

 

(08:59 pm) Greg : +4×8 +1×4 es

(09:16 pm) MarkB -: +10 mnq eff

(09:16 pm) DomenicoR -: +10 nq ec

(09:17 pm) LindaF -: +10×3 nq ec sim

(09:17 pm) HeatherT -: +20 nq ec

(09:17 pm) ColeA -: +10×2 nq eff corpc off the open

(09:18 pm) NancyD -: +10×2 nq

(09:18 pm) BarryR -: +4 es bs eff

(09:18 pm) HectorM -: +22×2 mnq

(09:24 pm) Greg Sinclair: +4×8 +8×4 es

(09:25 pm) JohnM -: +4×2 es off 15min 133

(09:27 pm) NikolayV -: +10×2 +10×2 nq sim. I’m done. Thanks

(10:02 pm) Greg : +4×12 es

(10:11 pm) Fred : +11 +1 nq ec prr over 76 fib

(10:16 pm) DomenicoR -: +11 nq

(10:16 pm) MarkB -: +10 mnq eff

(10:16 pm) ColeA -: +10×2 nq

(10:16 pm) KenS -: +10×2 mnq dorpec

(10:16 pm) EvelynH -:  +30 mnq yay

(10:16 pm) HeatherT -: +10 nq

(10:16 pm) ScottP -: +18×2 mnq ec ivo 15s/b

(10:16 pm) HectorM -: +20×2 mnq

(10:17 pm) LornaZ -: +20×2  nq live

(10:21 pm) ColeA -: +10 nq

(10:21 pm) NancyD -: +10×2 nq

(10:21 pm) Fred : +11 +21 +31 nq ec

(10:21 pm) HeatherT -: +13 nq ec

(10:21 pm) ScottP -: +18×2 mnq 1st ec after 15s/b

(10:21 pm) KurtB -: +10×2 nq ec

(10:23 pm) VadimS -: +11×3 +11 +21×2 mnq delta over eff corpc

(10:39 pm) Fred : +11 nq 4 pt tb

 

Well done Traders!!! Let’s keep trading the volatility using one of the best ‘Learn to Trade’ environments I have ever seen!

 

Lachlan Elsworth – Lead Moderator.

To me, the Live Trading Room chat log represents one of the only true measures of the credibility of a trading strategy. Why? Simply put, there is no where to hide in a Live Trading Room. For years I have had the privilege of teaching people how to trade the markets really well and my journey continues into 2020. Once again, the chat log above is proof that trading does work, if you approach the right markets, at the right time, with the right strategy and a great team to help you along the way! Well done all! Lachlan Elsworth 

If you are not in the LTR and want to find out more about the IDTA Philosophy and Strategies then please watch our a FREE 90 Minute “On Demand” webinar here. Click here to get started!

 

Lachlan Elsworth and the IDTA Team!

 

Past Performance Customer Caution Notice.** Please note that our member posted results are not independently verified by IDTA, nor can the results be used as an indication of the past performance or the future performance of the strategy. All results must hence be considered hypothetical in nature. IDTA has over 1000 clients in 20 countries and to verify every result posted into the Live Trading Room, on a daily basis, would be an impossible task. Trading days that do not result in a trade being called in the Live Trading Room will be commented on accordingly.