My name is Matt Bowen I am a futures trader Since 1988 but did not make a profit until 1993. I've worked to develop my own trading tools based on Supply and Demand Imbalances and have created the NOBS VWAP MAP and NOBS TURBO DELTA SWINGS 

Let me share a little history about myself and then share some market knowledge with you:

In 1988, after working as a licensed broker, I left to manage a long/short equity fund with Heritage House Partners using institutional block trades combined with Relative Strength Risk Sizing models.

During this time, I developed mechanical trading models on platforms like Trading Blox and System Writer.  From 1993 to 2009 I worked with three major trading companies teaching risk management for new and experienced traders with Stocks and Commodities. My background is in trading software, trading system design and Risk management applications with a special interest in the practical application of position sizing. During this time I did seminars in North America, Europe and the Pacific rim focusing on the E-mini indices, including the Natural Gas, Crude Oil, Gold, T-Bonds, U.S. Dollar, Euro and stocks.

In 1997, I had a chance to encounter a new customer who was one of the largest floor traders in New York City and retired from the Nymex and Comex exchanges. At the time, this trader was transitioning off the floor and onto the screen as an electronic trader. What I learned from this Floor trader was how PRICES REALLY MOVE. Basically what happens is price is calculated by electronically matching BIDS and ASK (OFFERS) for a particular instrument and recorded in an electronic order book. It's basic supply/demand 101 (with some short term imbalances that create opportunities) 

• When demand becomes GREATER than supply, price increases

• When demand becomes LESS than supply, price decreases

This is how supply and demand change the price of a product. And stocks and commodity futures are a product. When investors are optimistic and ready to pay a higher price than its current price, the price appreciates, and in pessimist behavior, the price drops.

Trading comes down to doing two things correctly:

1. Identifying Supply and Demand.
2. Cutting losses and Letting winning profits run. 

Transactions can occur at a furious pace. People are biding and offering at different prices, and in different quantities, and they can cancel or change those orders at any time, causing the bid and ask to change.

Here is how prices change (seen on Level 2 data) 
posted from:  https://twitter.com/NOBStrades/status/898504005772468224

Most traders aren't posting bid or offers, but are rather simply transacting at the prices currently available (selling to the bid, or buying at the ask).

If a sell order comes into the market that is bigger than the number of contracts available at the current bid, then the bid price will drop because all those shares at the current bid will absorbed by the selling. When a buy order comes into the market that is bigger than the number of shares available at the current offer, then offer price will move up, because all those shares at the current offer are absorbed by the buying. 

Price can move quickly or slowly, depending on how aggressive the buyers and sellers are. The price can move very quickly is someone puts out a big market buy/sell order(meaning the order will buy/sell every share, no matter the price, until the order is filled).

Large orders can instantly remove all nearby bids or offers, causing the price to change drastically. Other times the price moves slowly, because there are few transactions, or there are so many shares available at the current bid or offer that it is very hard to move the price even with lots of transactions going through.

So now that we have looked at Supply and Demand and we see how prices change... how do we profit from identifying an imbalance between Supply/Demand? Here is where you need to develop the Skill of letting trades maximize their potential.  

Let me start by sharing with you one of the most important ideas you will need as a trader.

No matter what method you trade, what is critically important and that you fully understand:  

You DO NOT need a high percentage of winning traders in order to be a profitable trader.

In fact, this flies in the face of almost everything you read. If you think you need to win a high percentage of your trades, I'm here to show you a little secret about trading:

In trading, it's not how much you make, it's what you keep.

Let me phrase this another way for you:

It’s not whether you’re right or wrong on your trades, but how much money you make when you’re right versus how much you lose when you’re wrong.

For some people, it can take a year to figure out that last line, but for others, it can take a decade! If you still don't believe me, click the link below:

Being Right and Making Money Are Not Equivalent

In 2003 I was working for an algorithmic trading company that had just been sold to a major trading company listed on the NYSE. After having been in the software trading business for over 10 years, it was time to get back to trading full-time. Up to this point, I had worked with over 12,000 traders (I used to teach live seminars), so I know a few things about what goes on in the trading business. Anybody can be a successful trader if they take the time to develop the skill set. Over the years, I have seen many different types of people with as many different types of personalities try and learn how to trade. Very few people learn how to become consistently profitable traders in less than a year. In fact, most profitable traders will log between 10,000 and 20,000 hours on the charts before they are consistently profitable traders. However, there is a much faster way...

It requires that you become an apprentice for someone who is already successful. You will need to watch and learn... this is the reason I created the NOBS Trading software. I have a turnkey solution for profitable trading and it's built into the software:

1. Patience
2. Discipline
3. Risk Management
4. Trading Methodology
5. Track Record / Responsibility

To learn a trade or skill, you can read all the books you want and still have no clue what you are doing. I have witnessed first hand over three decades of people trying to learn how to trade stocks and commodities from software, manuals or even online course instruction, the results almost always lead to a slow draining brokerage account. Think about it for a second... how did you learn how to ride a bicycle? Did you go to the bookstore and get a book or manual on how to ride your new bicycle? No, you first have to learn BALANCE between YOU and the BICYCLE. Until this happens, you will repeatedly fall down. Eventually, you will become so frustrated that you will either put the bicycle away and QUIT... or you will find someone who knows how to ride a bike and ASK THEM FOR HELP. 

The same goes for trading... don't waste thousands of hours trying to learn how to trade on your own. You need to first learn how to BALANCE yourself with your losing trades and your risk management... until you do this you will continue to lose your ass at this game... I know, I've worked with thousands of traders. I see the same mistakes being repeated day after day. I'm no different, I was once the LOSER too... Until I took a stand and say: "Enough is enough, how the hell does this game work and how do you get on the winning side!" Until then, you will hem and haw back and forth, dabble in and out, try this, try that... when you finally get pissed off and get tired of going to websites hosting the three-ring circus acts, you know, the "show and tell magic shows" that most of these trading websites are made up of... THEN and ONLY then are you ready to change.

The number #1 question I get hit with each day is: "Why can't I be RIGHT?" 

First off, when it comes to Risk Management, entry and exit strategies being taught or sold in the trading business, most of it's garbage, in other words, if you back test it, the results will show you it loses money.

Second, you must have a trading method that has a positive EXPECTANCY ( <--- click on the word ) because over time you will have losing trades and winning trades... the bottom-line results must show a positive mathematical expectation in order for the trading method to be profitable.

Third, most vendors will tell you that you should be winning 70% of the time (or better) which is complete bullshit. Do you realize that most GREAT traders do not even win at 60% of the time! You are probably going: "Well, how is this possible? Let me show what REAL trading looks like:

Let's suppose a trader takes 5 trades for the day and it might look like this:
Trade # 1 = - $100. (loss)
Trade # 2 = - $100. (loss)
Trade # 3 = + $600. (gain)
Trade # 4 = - $100.  (loss)
Trade # 5 = + $400. (gain)
Total Profit for the day = +$700.00
(Let's factor in $1.84 per contract commissions or $3.68 round turn per contract). So, If you had 5 trades on 2 contracts each the total cost in commissions is $7.36 per trade and on 5 trades the total is $36.80... so $700.00 - $36.80 = + $ 663.20 after commissions.

Now... Let's look at the metrics on this daily performance. After 5 total trades, 3 of those are losing trades... so that means only 40% were winning trades... But let's looks at your win/loss ratio: Total net profit = + $663.20 (wins) / (loss) - $ 300.00 = 2.21 win/loss ratio and because you had 3 losing trades, you were only 40% correct on your trades. Now, see that chart we were looking at above... go back and look at the winning percentage and then look where 2.21 on the win/loss scale intersects with 40% on the chart. Now you know why somebody who wins 50% of the time and makes 2 to 1 on their trades is basically printing money.

Not many in the trading business teach the money management you see above ... instead, trading vendors throw a bunch of neat, colorful ideas together with some expert marketing and sales packaging to sell you on the idea that their software or indicators are the best thing since sliced bread. A lot of software trading vendors sell you on the idea that their software is the answer to your problems and that the only way out of "Trader'sHell", is to buy their software. The truth of the matter is, many of these vendors are failed traders who are selling you a "Shit Sandwich". After being in this business for three decades, I've seen these clowns come and go for over 30 years! The NOBS software is the best trading software I have ever used... but not every trade is a winner.  In order to be a success in trading, you must have an Edge + Position Sizing ( a way to control the downside).

I've worked for three major trading software companies (two in the United States and two outside the United States) and I've learned what works very well in helping traders deprogram their brains. You have to want this, If I have to twist your arm to get you to become a better trader, then it will not happen. You have to want to change and only you have the power to do that. I've spent years trying just about everything to help traders and here is what works: When a trader is at the end of his line and shows up at the doorstep asking for help... that's when change happens. When a trader is willing to take EVERYTHING he's learned up to this point and kick it to the curb... that's when change happens. You can't change people... they are hard-wired to fail at trading... You don't believe me, do you? Here's proof: "Cut your losses short, let you winners run"? You probably hear it every week, but almost nobody does it... Why? Because Humans are not wired to think like that... they cash out of winners as soon as possible and hold on to losers way too long... Why? Because they don't want to take a loss. One of the first skills you must learn in trading is this:

Join our NOBS Mastermind room where we help new traders get up to speed and learn the required skill set to win. The NOBS room is very different from other rooms. We don't "spoon-feed" traders with a bunch of signals... we teach them how to trade. Simply put, the apprentice pulls up a seat and observes an experienced trader go about their day and model the setups.

First off, this NOBS room uses NOBS DELTA software and Kiss Order Flow software owners... this is not a room full of "Lookie Lou's" who are kicking the tires and window shopping. Everybody here has made the decision to learn how to read Supply and Demand using the NOBS DELTA software. We also use Level 2 data from CQG and read market DEPTH and DELTA to Determine if there is an Imbalance on the current BID / ASK (offer) series of wave swings.

Secondly, In the NOBS room, there are 6 expert traders (including myself), one former NYMEX Crude Oil trader and two former London floor traders (one from The London International Financial Futures Exchange and the other from the International Petroleum Exchange. All 20+ year floor veterans that made the transition from the floor to the screen), another guy is a Market Depth expert who writes ALGO's for some key players in fund management. Market Mike is an Options expert turned Futures trader whose now turned his attention to day trading. Basically, nobody has anything to prove to one another... that's the point of a Mastermind trading room. We share the info to help each other, that way everyone benefits. The Mastermind is the coordination of knowledge and effort, in a spirit of harmony, between two or more people, to achieve a definite purpose.

Thirdly, we have a lot of fun and joke around once the trading is completed, this may not seem important, but it can make a huge difference in your learning curve. If you would like to join the room and meet the crew, send me a DM on Twitter: https://twitter.com/NOBStrades

As a thank you for visiting the website, I'm going to leave you with an interview with one of the most successful traders of all time: Paul Tudor Jones

Click here for a $100,000 Trading Education from Paul Tudor Jones

Ready to join the NOBS Mastermind Room Click Here