About Me

At the moment I am scalping various futures markets (primarily Crude Oil (CL) using 1-minute, 2-range and 20-tick charts).
My background covers multiple markets and timeframes, including stocks, equity options, CFDs, forex, FX futures and emini-futures.

3. How do I trade?

I am a technical, discretionary trader. I operate within a framework of higher timeframe support and resistance, aiming to identify and fade weakness within the market, in particular at areas of S/R or pullbacks within a trend.

4. What is the purpose of this website?

Aren't you just sick and tired of some of the hype on the internet these days. "Buy my $97 system and you can be trading for a living by next week." Seriously, how ridiculous is that. And yet people keep falling for this over and over again - myself included - I've lost track of the number of systems & strategies and ebooks that I've purchased over the years that just weren't worth the time it took to open the file. And the number of 'multi-thousand dollar' seminars I attended before realising that the material covered is no different from what's available in a $30 book. (Actually, only three of these seminars for me - but that was three too many). THIS IS NOT THE WAY TO LEARN TO TRADE. Hopefully through this website I can help save someone else from taking this long detour on the road to trading success.
My aim with this website is to bring a bit of honesty and integrity back into the world of online trading education. Thankfully, I'm not alone in this regard, and so I look forward to promoting some of the other 'honest' resource sites & blogs.
If I do this right, the primary focus will be on the often neglected, but more important, parts of trading - business management, risk management, money management and trading psychology. I know, it's not as sexy as a 9/18 ema crossover, but it's MUCH more important.
Updates to this website will be as I have time available - kind of just a part time business at this stage. My priority is, and always will be, my own trading.

5. Am I currently taking on personal coaching clients?

Not at the moment. It's just too time intensive to combine that with my trading, other business interests and family. I wouldn't want to provide you with less than 100% commitment. So for the time being, I've decided to trial online coaching via this website & self-study training courses. (Yes, this is also time intensive, but I'm enjoying it & I can fit it in and around the other stuff).
My method of trading, if you're interested, is available for self-study via the YTC Price Action Trader ebook series, at www.YTCPriceActionTrader.com. If you wish to then adapt that to lower scalping timeframes, information can be found here: YTC Scalper (please note: If you choose to learn through YTC... the material in YTC Price Action Trader is a prerequisite to the YTC Scalper).
If I do decide to take on coaching clients at some time in the future, it'll be advertised via the newsletter. Go here to subscribe.

6. I know what many of you are thinking: "Ok, so if you're really a trader then why aren't you just trading? Why aren't you sitting on the beach in the Bahama's, sipping a Pina Colada, while trading from your laptop? You're really just in this for the money, aren't you."

Yeah, right. I see this all the time in forums. Trading seems to be the only business in the world (that I know of) in which the public are totally skeptical of anyone who teaches, or shares their methods. Perhaps that is very much deserved, given all the rubbish and the hype that exists in the marketplace. It's unfortunate though. The fact is that there is some real quality information out there amongst the rubbish. Hopefully I can help provide some quality. Not all trading educators are a fake. Yes, I'm sure many are - I know a few educators personally and seriously doubt some of them trade. However there are others who do trade.
So why do I do this? Firstly, I enjoy teaching. When I was involved with aviation safety, one of my primary roles was education. I enjoyed it. I also consulted for another company a couple of years ago teaching options trading. I enjoyed it. So, it's quite natural now that I'm trading for myself that I'd want to also teach other people. Ok!!!!
And yes, it does make me money. Well, at least that's the plan. I subscribe to the theory of multiple streams of income. I suggest you seriously research this topic as well. Trading should not be your only source of income. Build other income streams - both active and passive.

Happy trading,
Lance Beggs.

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