10kChallenge its Swat goal on making $10k profits with a $10k cash account on monthly basis.
The rules are:
- Start with $10k Cash account on day 1 each month (with Cash Account, you will not have daytrading limitations)
- Trade from Monday to Thursday (no trading on Friday’s)
- Normal Amount per trade: $700-750 with -50% Stop Loss (or lower)
- Scalp Trade: from $1.2k up to 1.5k with -25% Stop Loss (or lower)
- At end of each month, withdraw your profits and start with $10k Cash Account on day 1 following month.
- Read more on our FAQ about “Stop Loss and Risk Management”
Please note, this is Swat Strategy suggestion, but each trader decision to risk more or less and each trader responsible to manage its own account.
INVESTMENT: $700-750 per Trade and $1.2-1.5k for SCALP
RISK MANAGEMENT: its each trader decision to enter, hold or exit a trade, but our suggestion is:
- Normal trades: -50% stop loss from entry price (example: bought contracts at 1$ –> stop loss at 0.50$ or higher)
- Scalp trades: -25% stop loss from entry price (example: bought contracts at 1$ –> stop loss at 0.75$ or higher)
Read more on our FAQ about “Stop Loss and Risk Management”
Every trader its responsible for own trading, cut losses and profit taking.
On ETR, you will always know how much Swat invested and actual open trades (data available on Swat Portfolio)
Swat developed his own Risk Management strategy during the last 10+ years of trading. Some key Swat takes:
- Never use “Market orders”: Swat always use “Limit Orders”
- Avoid “Hard Stop Orders”: when Swat is in front of computer, he NEVER uses Hard Stop orders. He always uses “Mental Stops”, so he manage position and if see trade going against him, only than he will set a Limit Order and cut losses. Swat only uses Hard Stop Orders when not in front of pc.
- Cut Losses and Move into next trade: every trader has losses but the secret is implement risk management strategies, cut losses, focus and move into next trade
- On wide bid-ask spreads, Swat usually set limit order a little above middle price. Per example: Bid = 2 and Ask = 4, so Middle price = $3. Swat will set limit order to buy at $3.05 or $3.10
- Ask yourself “How much am I willing to risk and lose?”
Lets say, you invest $1k per trade and your maximum risk is 300$ loss on that trade. You have some alternatives:
- Invest $1,000 per trade and stop trade for -30% loss or
- Invest $600 per trade and increase stop for -50% loss or
- Invest $300 per trade and let trade run
In All above situations, your maximum loss will be only 300$ per trade.
Ask yourself which strategy you prefer to use and stick with that strategy.
Swat usually trades Monday to Thursday from 9:30am EST up to 4pm EST (no trading on Friday’s) but on Elite Trading Room you can find traders every day ready to help and guide you.
Swat will share his own trade entries and exits directly on private twitter feeds:
– @SwatWeeklyTrade exclusive for “Day/Week Traders”
– @Swat_SPX exclusive for “SP500 Traders”
and posted live in Elite Trading Room (Alerts module)
Alerts sent via Twitter and Elite Trading Room are exactly the same!
You will be able to setup SMS text notification alerts directly on your mobile by following instuctions HERE
All trades will have a ticker/symbol and hashtag with trade details
Swat will NOT give any exit target price (Swat will always try to maximize his profit so will follow both his own technical analysis and options flow to determine when to exit. Swat will always share his trade exits)
TRADE ENTRY EXAMPLE: “Swat #OPEN $AAPL JUN.02, 2017 CALL 152.5 with 10 contracts @ $1.05 (Avg.Price) #DayTrade”
TRADE CLOSE EXAMPLE: “Swat #CLOSE $AAPL JUN.02, 2017 CALL 152.5 with 10 contracts at $2.10 (Avg.Price). Trade PnL: $1,030 Profits (+100%)”
#DayTrade – Weekly Options Expiration – Can take few hours for up to 1-3 days duration (depends if momentum holds). RISK: $1k per trade
#SwingLong – Monthly Options Expiration – Hold trades up to 2-6 weeks (on average and depends if trend holds). RISK: 5% account per trade (If $20,000 account, invest $1,000 per trade)
#SCALP – Weekly Options Expiration – Hold trades for few minutes up to few hours (but trade to close same day). RISK: $2k per trade. Profit taking starts at 15%, 20%, 25% or more
#WATCH – Swat sees potential good trade. This is “Pre-Alert” and means Swat did not enter trade yet. You can get into the trade on this post or not. Always each trader decision and risk!
#OPEN – Swat bought contracts and open new position. You can get into the trade on this post or not. Always each trader decision and risk!
#TRIM – Means you can start taking profits and reduce risk. Swat suggests start taking 1/4 or 1/2 position before closing all trade. You can lock some or all profits on this post or not. Always each trader decision and risk!
#CLOSE – Swat sold all contracts and closed all position. You can lock some or all profits on this post or not. Always each trader decision and risk!
All payments are processed on 1st day each month, so your First payment will be prorated and next payment will be on day 1 following month. After that will be charged on day 1 each month.
There are several platforms to easily exchange USD to Crypto Currencies.
Step 1: You can create FREE accounts at:
And many more!
(SwatOptions.com has some experience using Coinbase.com and never had any issue. Please check Coinbase How to Use video https://youtu.be/V4WMAPXuHVg)
Step 2: After create your account, you can fund it with USD or EUR and exchange it for BTC or LTC.
Step 3: After your account is funded and you exchanged your USD/EUR into BTC/LTC, you are now ready to Send or Pay with Cryptos anywhere in the World!
Yes, you can Switch or Cancel your subscription at any moment.
If you want to select new subscription, after above procedure, go to “Services” and select new subscription.
On “Elite Trading Room” you will find Alerts Notification Center (to monitor open and closed trades) and Swat Portfolio (is updated every time Swat enters or close a trade) – Exclusive to ELITE TRADERS
ETR its available on both Desktop, Tablet or Mobile by access HERE
ALERTS MODULE you will be able to follow all Swat Alerts realtime. You can turn sound notifications ON/OFF and all unread alerts will be highlighted
SWAT PORTFOLIO allows every trader to see realtime Swat holdings: All trade details, plus amount invested and profit/loss