Trading Inside the TTE Worksheet
Any professional trade person will tell you that the right tool for the job makes all the difference in the world. Along with the personal knowledge you get from Trading Educators, the appropriate tools you use will increase your success as a trader.
Successful trading means entering the right trade, and staying out of the wrong trade. Both are equally important.
The best proof of good tools is in the words of those who use them:
The link to this thread on our Trading Forum is
At Trading Educators we focus on helping YOU to become an ever-improving successful trader. Trading is a solo endeavor ─ it's you versus your decision-making ability. The profits are in the Market, waiting for you to make the decisions to take them. Using the right decision-making aids will help you scoop those profits out of the Market.
For use as a basic professional tool, we recommend you take the 2-hour online class with Jim Augustine called “Trading Inside the Traders Trick Entry (TTE)” to understand how to use the Traders Trick Entry for maximum benefit in your trading. This tool (the TTE) and the online class will help you to make the two most important decisions a trader has to make: when to buy and when to sell.
As an aid in YOUR making these two decisions, we have created a special worksheet that is designed to both help and teach you:
- Where to enter the Trader's Trick Entry (TTE)
- Where to exit the TTE
- How to determine the expected time in the trade
- How to determine your First profit target
- How to determine your Second profit target
- How to determine if there is a Second profit target!
- How to determine where to place your stops
- When to exit
- When not to trade a TTE
- How to Convert Stock, ETF, Futures, and Forex price movement to Option price movement
- How to use Options when trading the TTE
As an example, what if you want to go long the gold ETF, GLD? You simply enter the information below into the worksheet.
Every entry is fully explained in the user manual, which you will find under the “Help?” tab.
Choose the tab for the position you want to take, and fill in the necessary information. You can enter as many as four different positions under each tab — Long, Short, Calls, or Puts.
Once you have made the entries, you will see the results as shown below.
Keep in mind that you can vary the profit percentages, the amount of risk, or even a fixed dollar amount of risk. By varying the risk, you can determine exactly where to place your stop. Besides a fixed dollar amount, or a percentage risk, you can use the Average True Range (ATR), or some percentage of the ATR as your initial stop, and also vary these parameters for your trailing stop.
The worksheet will give you an estimated time stop (Time increments to RH). "RH" can be a Ross Hook, the #2 point of a 1-2-3 formation, or any objective value you choose.
Notice that if you reach your first profit objective, the risk for the trade is reduced. In the case above, reduced to $340.75
There are three styles of trade management that can be used with the TTE worksheet:
- Scalp: take everything off the table at the first profit objective.
- Take part of the trade at the first profit objective, and the rest at the second objective
- Take part of the trade at the first profit objective, and part at the second objective — then trail a stop at your preferred percent or at a fixed dollar amount.
The TTE Worksheet is one of the best trading tools you can find.
It virtually sets up your entire trade management for you, without forcing you to trade a mechanical system. You decide the parameters you want to use.
If you always use the same parameters for the first part of the worksheet, all that is necessary is to fill in the open, high, low, close, objective, and ATR reading.
The TTE Worksheet can be used for any of the setups we teach at Trading Educators. As long as you provide the necessary parameters, you will see that the TTE Worksheet truly makes your trading life easier. No more guessing about where to put the stop. No more trying to figure out risk/reward ratios. If you know how to bracket your trade entries, just put in the numbers and take off for the day. You can even back into an objective by changing the available variable parameters.
The trade shown above made both profit objectives in a single day. Here’s the chart.
The arrow points to the entry at 170. By the end of the day prices had reached 171.80.
Total profit on the trade $1,236.38 at an initial risk of $681.50.
The number of shares traded was 1,000, with 500 being liquidated at the first profit objective, and 500 shares being liquidated at the second profit objective.
As you can see, if a trailing stop were used for this trade, a considerable amount more would still be possible. According to the time stop, there are still two more days for this trade to reach the point of the Ross Hook, the highest point on the chart.
We are convinced this tool will help your trading. If you agree, why not sign up for it?
Trading Inside the TTE is available now.
ALL SALES ARE FINAL
The price of the TTE Worksheet Tool is $297. If you have already attended Jim's 2-hour online class for the Traders Trick Entry, you are eligible for a discount. (For those first taking the TTE online class, at the end of the class Jim will give you a coupon code to use as a discount towards the purchase of this worksheet).
TTE WORKSHEET - ORDER NOW
You will receive a confirmation e-mail with download information after we charge your valid credit card. IMPORTANT: Please provide a correctly spelled, valid, and long-term e-mail address when you fill out the order form.
DIGITAL DELIVERY — ONLINE DOWNLOAD —
NO SHIPPING FEES
Please be patient: you will receive everything within 24-48 hours because we must manually check each order before we release our e-books and passwords. Please supply a correctly spelled, valid, long-term e-mail address when you fill out the order form.
If you have not received any of our e-mails by 48 hours after you place your order, please contact us via e-mail: email@example.com, or phone:
1-800-476-7796 or 512-249-6930 (Ross Trading). Office hours are Monday - Friday, 9 A.M. to 5 P.M., U.S. Central Time
Please do not hesitate to contact us if you have any further questions or comments about our new online seminar service.
All the best to you in your trading,
and the Team at Trading Educators
Joe Ross has been trading and investing since his first trade at the age of 14, and is a well known Master Trader and Investor. He has survived all the up and downs of the markets because of his adaptable trading style, using a low-risk approach that produces consistent profits. For more about Joe Ross, please follow this link