Trade Video Post With Commentary From The BH Trading Site

CLICK HERE FOR THE LIVE TRADE VIDEO WITH COMMENTARY

Brian Hoffman Trading Website Released

www.brianhoffmantrading.com

The new site is up. I still have a lot of content and features under development. Please check back frequently for updates.

I will continue blogging but it will be mostly in video format on the new site. The writing portion will be supplemented with articles on the new site.

I built this website mostly from scratch after months of trial and error. Everything on the site is something that I would want to see as a trader.

My intent is to provide a site where new and experienced traders can go to see the reality of trading.

There will be no gimmicks or smoke and mirrors.

It is bad business to be honest about this business but I am going to continue to press forward with my vision.

My basic premise for development was to create what I could not find online when I quit my corporate job to pursue a career as a speculator.

I want to show the good, bad, and ugly side of trading through various sources of media.

Please forward the link to other traders. There more feedback the better. I am willing to take this a long way if there is interest.

Live Trade Video With Desk Cam And Commentary

CLICK HERE FOR HD VIDEO WITH AUDIO COMMENTARY AND LIVE DESK CAM

The new website should be ready later this weekend. I have a lot more to do with it but there is already quite a bit of good content.

I will continue doing posts here occasionally but will be focusing on frequent live videos and video blogging on the new site.

My goal is for reality trading. Good, bad, and ugly. I already have some pretty raw video in the tank from the past few weeks. Everything I do is being recorded.

I will supplement with detailed articles a few times a month on the site as opposed to daily blog post.

Here is an excellent video of a trade I had on Friday. It was a decent wholesale entry with the premise of looking for a squeeze.

I got the squeeze I was looking for then anticipated some follow through. In the video, I talk through exactly what I am seeing and thinking.

I start to get frustrated when the price stalls out and you can hear it in my voice. I was looking for a continued move up but my gut and experience was telling me to cover.

It is tough on the TF to hit moves greater then 20 or 30 ticks if they do not just explode. The ones that stall then blast off in your direction tend to shake you out at the last moment.

Then the ones you stubbornly hold repeatedly take back all the open equity. My best results come from letting the big moves happen naturally.

This makes for some frustrating 15-20 tick scalps off 50 tick moves. I did cover this trade for a scalp and it was the right thing to do.

All Of Today's Trades Video Edited To 3.5 Minutes In HD With Audio

CLICK HERE FOR TODAY'S TRADES WITH AUDIO AND POP UP WALK THROUGH

I wanted to see how fast I could produce a video of the entire day's action. This is a beta test for some of the content that will be on the new site.

Good fight today after fumbling an order this morning in a bizarre turn of events. This kind of thing needs to be factored into your production expectations.

My reality trading concept has definitely had some good moments in the past couple days.

Trade Video With Late Day Donation And Pen Launch

CLICK HERE FOR HD LIVE TRADE VIDEO WITH COMMENTARY

I have been having profitable mornings and then giving some back in the afternoons for the past few sessions.

Something that I am certain about in my trading tactics is that the market is often very efficient and even though there are many good setups throughout the day, only a few provide a true inefficiency to exploit.

I have had longs close to the lows each morning and taken 10-20 tick scalps even though I had an expectation of a larger run. This is part of my high probability tactic.

Today I was bullish and hit the initial long. I premise for the market to move up but did not see anything else I had conviction on until very late in the day.

My trading style is one of conviction. I could either hit all setups and play ratios or hit select areas and expect to win. I have found that simply playing ratios offers little edge in my own trading and perform better by hitting singles and doubles with high probability scalps.

Today was an example of seeing a late day trade that is often a winner for me any other time of the day. I usually do not trade after 3:30 PM EST unless I am already carrying positions because the price is prone to late day covering.

Today, I thought there could be a late day squeeze and was wrong. So I made a late day donation that halfed my profits from earlier in the day.

Since my new site under development is focused on reality trading I am posting the executions that went up on the new site today. There is audio from my side of some commentary I was doing throughout the day.

It is a little rough and includes a nice pen throw at the end of the video after I got irritated by my late day donation after stating it could be problematic with late day covering. You do not get this kind of stuff in simulated chat rooms.

Progress Update On The New Site

I have finished coding most of my new site and am working on adding content. I am debating between releasing what I have done so far which is very functional and far beyond most of what I have found online or waiting until I get the site up to par with my original vision.

I have not completed the new layout for the blog yet. I may just continue using this blog for the time being. The site will have streaming videos of real trading, articles, analysis, and also track a live account that is specifically for the blog.

My goal is a place that will be brutally honest about the path to becoming a trader and show what real trading is like through various types of media.

It is a big project and will take time to get right. I will continue to post here until the new site is up.

Live Trade Video With Comments

CLICK HERE FOR VIDEO OCTOBER 13 2010 TF SCALP IN HD

There was an exact repeat of a nice algorithmic trapping pattern today. The first one I observed was yesterday.

I have uploaded a comparison above. It is the exact same action.

My trading style has 5 major components to it and the most important aspect of how I make a decision is based on the games played by the other traders trying to take my money.

This will over ride structure, direction, bias and premise. It has been the most consistent opportunity to exploit that I have found after thousands of hours of observation and drilling.

Many times, a trader will have an argument for going long or short at a key area. The action is designed to generate a retail loss often in either direction.

Making the same decision every time based on action that is constantly changing is very tough. I use a filtering mechanism (mentally) based on what I think others are doing.

I generally count on most traders making the wrong decision thus will look to take the other (wholesale) side of many scenarios.

The patterns illustrated above are created mathematically in my opinion by market making programs. It is basically sweeping action the naturally happens from these programs being run that results in traders getting whipsawed in both directions.

It is too much a coincidence to be naturally occurring. When I see this sort of thing, I know to stand aside and let others get stopped out. Then engage. This type of action is designed to draw traders in then push against them.

It is a very effective way to make money.

The shape of the pattern is irrelevant and not worth looking for again. This will change up as the action changes.

Even though the market does very similar things day in and day out, it will always unfold differently.

Part of what improved my trading dramatically over the past year has been understanding this and being able to detect traps that are often new patterns to me in advance of them unfolding.

This can be accomplished with proper training and drilling in the live markets.

I have also posted a video of a late day scalp with same commentary. It is a little rough in content and voice as it was at the end of a long trading day for me.

Still worth a view. The exit was the best part. There was not a huge profit but it was very well executed.