Trading Snipers Review
Trading Snipers is an online chat room and education website that focuses on taking advantage of opportunities in the market via intra-day trading and swing trading. The founder, Glenn, trades mostly equities, leveraged ETFs and options on large caps based on technical levels and price action. He has a great approach to markets and teaches his strategies to anyone who wants to learn. He emphasizes risk management, price action, market structure and important pivot levels based on previous days price action and likes to trade off the 2, 5 and 15 minute time frames while using stochastic’s for over bought and over sold conditions. He favors trading NUGT, a 3x gold bull ETF, mainly because of the large range it has along with the big high beta tech names like Facebook, Apple, Netflix, Tesla, etc. They don’t care as much about the fundamentals and believe that they can be subjective information and rather sticks to price action to tell them where the stock is heading.
One of my favorite things that Trading Sniper’s implements in their trading is that they use multiple time frames. Meaning they don’t just look at the daily or 5 minute chart but use a combination of time frames to help confirm price action and market conditions. Like I said above, they like to focus on the 2, 5 and 15 minute charts along with the hourly chart to help see big picture price action. It’s easy to get sucked in to just looking at one chart but that is not a good way to gain a deeper understanding of a stocks price action.
Trading Snipers is fairly new and they are starting off with a free membership so you can check it out without any cost. He has a ticker.tv account where he posts videos on his trades based on the setups he likes and he calls his trades out live in the chat window. You can follow him on ticker.tv here. I have found this to be a very beneficial resource and have actually started implementing some of his strategies and setups into my own trading. He uses a lot of support and resistance levels from that premarket that play an important factor when the regular market opens for pivot levels that you can trade off of for low risk entries.
If you’re just starting off in trading and are looking for a mentor or somewhere where you can learn and establish yourself as a trader then you should definitely consider following Trading Snipers. Having a mentor who has established a consistent strategy to pull money out of the market is a huge benefit when just starting out and will reduce the learning curve dramatically while preserving your hard earned capital. Glen is very nice and a methodical trader who will answer any questions you have so don’t be afraid to get involved! I highly recommend checking out their services no matter what level of a trader you are as education and hands on experience are key in becoming successful in trading.
As always, if you have any questions or comments regarding Trading Snipers, please leave us a message below!