Master the Art of Appointment-Based Trading

Appointment-based trading is a structured approach to trading focused on prescheduled, high-impact market events. Instead of monitoring charts all day, traders “make appointments” with the markets, saving time and allowing them to approach their trades with clarity and purpose.

Leigh Goldstein of 10 Minute Trades discussed how to find the best events to trade and how to trade them safely and effectively with their special news trading software, JOBB.

Four Core Elements of the System

Leigh broke down 10 Minute Trades’ appointment-based trading methodology into four key components:

• Weekly market movers (WMM): The weekly schedule highlights high-impact market events. It’s available for free to members, making it an invaluable resource for planning trades. Understanding key market events, such as oil reports or manufacturing data releases, can help traders avoid unexpected volatility.
• Daily market movers (DMM): These event-specific trade reports include essential details such as trigger times, market instruments, and recent trade performance. DMMs are the backbone of planning for specific trades and identifying opportunities.
• Trade room access: This is where members connect to discuss strategies, assess market conditions, and refine trade setups in real time. This collaborative environment helps traders adapt to volatile markets and manage risk effectively.
• JOBB software: 10 Minutes Trades’ proprietary JOBB software automates trade setups, allowing traders to execute strategies with precision. From breakout trades to range trades and reversals, the software minimizes manual input, ensuring quick and accurate execution.

Leigh also emphasized the importance of having a well-defined schedule and using reliable tools to execute appointment-based trades.

Key Benefits of Appointment-Based Trading

There are several major advantages to appointment-based trading, including:

• Time efficiency: It eliminates the need for prolonged chart monitoring. Traders simply follow a schedule, execute their trades, and move on with their day.
• Risk management: By trading during prescheduled events with automated tools, traders can better manage risk and avoid overexposure.
• Volatility opportunities: High-impact events like non-farm payrolls or corporate earnings create predictable volatility, offering opportunities for profit.

Appointment-based trading offers a systematic, efficient way to approach the markets, blending preparation, technology, and strategy to achieve consistent results.

Try This Innovative Approach With NinjaTrader

The NinjaTrader platform enhances the appointment-based trading method with its advanced features and user-friendly interface. Leigh praised the advanced platform for its robust features, especially its market replay functionality, which allows traders to practice and backtest strategies on historical data, fostering continuous improvement and confidence.

How to Add 3rd Party App to NinjaTrader

To import your 3rd party app or add-on to NinjaTrader, simply follow these 3 steps: