Monti Simmons


Monti Simmons is a private trader with more than 10 years of trading experience. He is the President of Sabertooth Trading,, a commercial software developer that creates and markets trading software for retail and professional traders.

Stock Day Trading - Combining System Trading & Discretionary Trading Into a More Effective Approach by Monti Simmons New and experienced stock day traders alike grapple with an all important question: Which method is the best approach to stock day trading, a system approach or a discretionary approach? While each approach has its advantages and disadvantages, the correct answer may, in fact, be a combination of the two approaches. System trading means creating a strict set of objective and mechanical rules for identifying if a trade opportunity exists, when should you enter the trade, and how do you exit the trade... READ MORE


Stocks Day Trading Using Day Type Price Patterns by Monti Simmons
If you have ever day traded stocks then most likely there have been times when you received a day trading signal from your system to go long a stock at the same time that the market indices (i.e., S&P, Dow, and Nasdaq) were solidly trending down. Or maybe, your system produced a short signal on a stock when the overall stock market was in a runaway uptrend. For most day traders, taking trades against the currents of the market indices leaves an uncomfortable feeling in the stomach... READ MORE


Five Things You Must Know to Make Money Day Trading Stocks by Monti Simmons
Making money by day trading stocks is not as difficult as one may think. Yes, there is an abundance of statistics commonly thrown around essentially stating that 90% of all day traders eventually fail. But, that also means 10% of day traders are successful... READ MORE


How to Create Successful Stock Trading Strategies by Monti Simmons
It's no secret that more than 80% of people who venture into stock trading ultimately end with less money than they began with. I started trading back in the late 90's, and over the years I have undergone an arduous process of trial and error whereby hundreds of different trading strategies were evaluated and tested. I eventually arrived at a highly effective four step process for designing, developing and implementing trading strategies from start to finish... READ MORE


Day Trade Stocks Successfully Using Odds Based Position Sizing by Monti Simmons
Position Sizing is the process of determining how many shares of stock that you should trade in order to risk a certain dollar amount or percentage of your account. You must consider the size of your exit stop and the amount of money you are willing to risk when making this calculation... READ MORE


Day Trading Rules - Ten Rules For Day Trading Stocks by Monti Simmons
Ten rules you must know before you day trade stocks. These ten essential rules for day trading stocks are a must read for both new and experienced traders... READ MORE