David Marsh – Tick Trader Day Trading 2.0 (March 2009)
My name is David Marsh and I’ve been a day trader for over 15 years. Back in 2007, I first came online and sold my Tick Trader Day Trading Course. It was such a success that we had to limit the number of students and eventually discontinue its sale to the public in 2012.
About David Marsh
I have been involved in the markets since the early 1990’s. I started with futures trading, then moved on to options trading, graduated to stock trading, then full circle, back to futures trading—where I will stay permanently. During this time I also learned daytrading and swing trading.
When I was 21 years old I drove all the way from my home in Buffalo, NY to Chicago to go to a $3800 Options Class. It was a great course, I learned a lot and was able to visit the CBOT (Chicago Board of Trade)—I even bought a CBOT sweatshirt! But when I got home, I was broke, so I had to put everything I had learned on hold and went back to work!
I managed to save up some money and open an account. It only took a couple months and I blew out the account. Once that happened I went back on my quest to find the secrets to trading. I read a lot of books and went to a lot of high priced seminars and even bought some home study courses from the GURUS. I learned about technical analysis and all the different indicators one could use to predict future market prices.
Honestly the first 3 years were tough. I blew out a lot of trading accounts and lost tens of thousands of dollars. I realized trading is a tough business but I moved on—knowing one day I would find what I was looking for. It took a while but I finally realized that what I was missing was discipline. I had a hard time following through with rules!
I totally changed my thought process on trading. I realized it was a tough business and that if I couldn’t follow rules then I really had no business trading. After that my trading career turned right around!
I then developed a very simple approach to trading. I found 2 indicators that when used together were highly accurate. Of course I back-tested it for several months to see how it worked and to create rules, entries, exits etc. After about 3 months I traded live with real money and the results have been fantastic.
My whole mind set is different. My goal way back was to make a killing in the market. Now that’s not the case. Now I trade for a living! I take a small chunk everyday to make a very comfortable living. I like to see it as an apple tree outside my house. Everyday I go outside and take the apples I need for the day. I don’t try to cut down the whole tree!
I earn my “living” by trading for 1 point a day! Trading for 1 point a day is a very attainable goal. If I need to make more money, I simply trade more contracts. To give you an idea of what 1 point a day can produce, take a look at my Business Plan.