Archive for the ‘Day Trading’ Category

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What Makes a Successful Trader?

Sunday, May 15th, 2011

This post is for Friday’s market May 13th;

In Fridays market we saw a sell off and that was some what expected. We are sitting around some key support currently and do have only a little room for the markets to move down before they trigger a much greater sell-off.  I will keep an open mind as to direction and let the market decide which way it wants to go. I had gotten several of the last moves correct and had made some very specific calls in the member training I send out and a few general calls here on my blog.

Right now, the market is at a critical point. We have done just about everything necessary to get the market in a position to move, but which way. It could still move up and break out, I will not say it won’t or can’t, but everyone this week should be on high alert.

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Many traders believe that to be successful, you need to be able to buy at the bottom and sell at the top.  That is not really true although it sounds right. To be a successful trader, you need to be able to “buy” when the market is going up and “sell”, when the market is going down. It is a subtle difference as they are not the same.

Real Trading and or Day Trading, is not about predicting the future, but it is about “reacting to current market movement in light of past market movement and having a plan to react to future market movement no matter which way the market decides to go.

So, trading is more about what you will do regardless of what the market does. A trader then needs to take responsibility for there trades and learn from past mistakes. Just because a trade may be a loosing one, does not mean it was a mistake. There are many good trades taken that just don’t work out, but the majority of then can if you are reacting to what the market is doing as I described above.

I know I have often called a turn in the daily markets here and there over the past and do so to just try and stay in sync with the flow or rhythm of the markets which in turn can help in seeing if the market will likely close strong on its highs or weak, on it’s lows.

There are many trading decisions through out the day a trader can position himself and profit depending on his objectives and trading method. When your conditions line up based on past market data, that will give you enough insight as to the highest likelihood of future market movement. In other words, the past can give you future, as it is happening.

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I did no trading on Friday and may be taking this week off. I have  some family health issues on my wife’s side of the family to tend to. I will still try and do some training material for my  members, but it could be limited this week.

Below is Thursday’s trading session that I was able to squeeze in towards the end of the day. Best to you all !

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Day Trading low risk entries

Wednesday, May 11th, 2011

Today’s market we saw a sell off that was due to come back from resent sessions. I did see the down day coming in the daily charts and see one more behind this one tomorrow. Support should come in at 12,500 on the Dow Jones and 1323 or so on S&P emini futures. From where we left off today, that would be 130 points more for the Dow and about 15 points more for the S&P.

After that, I would expect a pretty good bounce back up off of those levels and then we will see what happens from there. The support zones I mentioned above are pretty much a line in the sand. I expect a bounce up off those levels, but if for some reason, it just cuts right through it and closes that way, I see a sizable sell off from that point. So 12,500 on the Dow is key and 1323 area for the S&P futures, on closing basis needs to hold or else. It is one of those look out below scenario’s that might be building and caution needs to be in order.

In either case, scalp trading the market long or short will always be available. The trading volume and amount of opportunities has been limited by a slow market. We did see good volume and trade movement on Thursday and Friday of last week, but things started to quiet down again after that.

If we get a break in the market, trading interest will increase and with it, trading opportunity. As we come into the Summer months things tend to slow down. If they are going to slow down from where we are now, already slow, it will get slower.

With that said, if we don’t see a pickup in market volitility soon, we could expect the trading range to stay narrow and in turn limit trading opportunities. Being able to take a few ticks out of the market here and there is a great skill to have all while entering your trades with low risk entries.

If you can keep your trading risk levels low, this is one important key to becoming successful. For some, this is the hardest thing to do. Most traders that day trade, enter the S&P with a 2.50 point stop. To me, I could never risk that much on a regular basis. I may have done it here or there, but that is one trade out of 200 and it may be because the payout was a high risk to reward ratio worthy of the extra risk. To do that on a regular basis would be a killer.

There are many days, that we don’t see large trading ranges and with limited trading opportunities, you won’t have enough time in the day to come back if you hit a couple of losing trades. You may be lucky to break even as you now have to net 5 S&P points plus commission costs to break even. That is where a lot of damage is done. Trying to come back with a big trade when one does not exist. You can not conjure it up, or wish to be, but you can only trade what is given to you, nothing more.

When we try and get back that which we lost, human emotions kick into high gear. That is when we need to remain level headed and relax. Don’t go hunting, as you are likely to miss your target under the extra pressure you are putting yourself under.

Traders need to remember that trading should not be a big struggle, whether you are up or down. It is a lot easier to trade when you are up, but that too can have its own set of issues. Just because you are up for the day does not mean you have the liberty to take less than desirable trades, because you want more and you want it now. It does work that way and if you allow that extra emotion to kick in while up on the day or down, you can quickly see it work against you.

It is a good trading exercise to talk out what you see as you trade. Talk it out as you if you were telling someone about what you see happening. You may even want to record it so you now have an audience, “of one”.  That is really OK, because you actually can hear yourself as though you were a third person. You have a better chance to catch yourself if you hear yourself reaching for a trade. Are all the components of a good method entry present? Do you see this or that, as you speak it out loud?

This is just a good habit to get into. You can call it “Traders Self Talk” and now you have a name for it, so no one will think you are crazy talking to yourself, lol. Seriously, if you do this, you can hear the quality of your market analysis and see if you are misleading yourself based on what you want or if it is just good market analysis.

It all starts with a written trading plan and or trading method that you are following. If you just do what you think might happen, you are sure to have troubles. You cannot do that and expect to be around the trading world. A important key is being able to do similar things again and again. By doing that, you can bring some level of trading consistency to the table.

That brings us full circle, day trading low risk entries to hit your daily goal, if you have one that is. If you hope to trade for living, you need to think about it like you are trading for your paycheck. Once you have it, take it and go to the bank, so to speak. If you try and break the bank, all you will most often do is break your account and lose  the opportunity to get paid.   Good Trading to all.    My trades from today below.

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Using the Stock Market as a Business

Wednesday, May 4th, 2011

There are many traders who are now using the stock market as a business, generating income on a regular basis. This is a worth while venture, but few are ever able to realize this dream. With that said, it is happening for some and it could happen for you. One would have to ask the question, what is holding me back?

That can be answered only by the individual trader, as he or she evaluates their own individual trading struggles. With the job market shrinking and finding steady employment difficult, people are looking at all of their options. This is just an observation as to the trends in the industry. There is no substitute for trading experience, but that experience needs to be channeled toward the right kind of information, a tested trading method.

If you are learning a bad trading method that is no better than a coin toss, you are just going to be spinning your wheels. Many years of struggles can be avoided by finding something that works, which is easier said than done.

The market attracts all levels of people who’s sole purpose is in using the stock market as a business. The people who are very rigid in there thinking usually do not do very well. An example would be, a scientist, or engineer. These types of people have been trained to look at things in absolute terms. When looking at the markets there are no absolutes, but only high probability reasoning.

People who are used to multi tasking, fast thinking and not afraid of making decisions will do better. Another type of person who will usually do well are people who have served in the military. The reason for that, they are often times more disciplined when it comes to follow method rules and for that, they would have a big advantage.

Trading struggles are something you will never eliminate, but you can keep them manageable and at a minimum. The more trading experience you have, the easier it will become to manage those trading struggles and they will begin to decrease as you become more profitable.

One thing to remember is, the stock market is made up of people and people make trading decisions which are most often very emotional. One needs to try and detach yourself from those trading decisions as best as possible, because it is all to easy to become double minded and get tossed around. With that said, how is it that traders are able to do this?

Trading information is  the key. If you have good solid trading information you can build on that, knowing you are not wasting your time. You may not understand it all at first, but that is where the hard work comes in to master it.  Will and determination will go a long way to carry you towards your goal, but your will needs all the things I mentioned to make this a possibility.

Using the stock market as a business to generate a steady income is not an easy task, but that does not stop thousands who enter the arena on a regular basis for giving it their all. Trading struggles will be apart of the process, while you gain the experience. Trading decisions will be made, some good some not so good, but that is all apart of the learning process as you obtain the information.

There are no overnight solutions, but keeping order in your life, exercising discipline, maintaining focus and concentration and always controlling the greed factor are just some of the things you can do to bring the odds in your favor.

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Below are yesterdays trades taken. Today I did not trade and will be the the first non holiday session I missed for a long time. Good Trading to all.

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Trading the Opening Gap

Monday, March 7th, 2011

3-7-11;

In today’s trading, we saw a market that filled an opening gap that I am sure many could see coming. When the gap is large, it is and can be harder to quickly get it filled.  At times, it could take a little longer to get the gap filled, where there was no session trades, but with today’s gap fairly small, a quick fill was definitely something to have been watching for. Today’s trades below.

You won’t see a gap when trading tick charts or time charts if you don’t filter out the night session. For Trade Station, it would be putting a (.d) after the symbol. This is why I do look at time charts with the night session taken out of it as well. You can do this in tick charts, but I prefer to look at what most traders see and compare that to my integrated tick chart settings.

There are whole strategies on playing the gap fill, and some likely work fairly good. It all becomes a mute point if you don’t understand the trading language that takes place every trading day. For some, it may just as well be in French, if you don’t know how to read it.  You don’t want to be in that position. Knowledge is power, or should I say, it could be power. If you know how to harness that knowledge and use it to your advantage, you then have the trading edge.

Do you trade from a position of weakness or from power and confidence? That is a honest and fair question. Really, if you are not sure one way or the other what is likely to happen after you place the order to go long or short, no matter the instrument, you are at a huge trading disadvantage and that should change if you are going to continue to work at this.

Trading from a position of strength is what it takes. Every time I put on a trade, I have a positive expectancy that the trade is going to work out in my favor and usually, right away.

To get into this position will take more than an idea or hunch that you have the right direction. You will need to know how to read “price action” and how it relates to future moves that you can harness. The entries are one of the most critical parts of the trade. Get it wrong and you have to compensate for your lack of timeliness and sacrifice time that you could be using for unbiased trade analysis.

This is where you will or can see the move working inside a bigger picture, giving you the ability to hang on for something more. Other problems arise when you experience a larger draw-down than what is needed.

In my trades today, as with most of them on other days as well, you will see the trade move in the direction of my entry basically right away. One or two ticks of heat is about the max I like to see after I get into a trade. Any more than this, tells me I did not get into the trade at the opportune time. That is “Sniper Day Trading”. Precision entries.

This can be learned, as it is no accident that I hit these trades for good profit on most days. I am just expressing what can be done by others as well as myself. It is not magic, but just doing the same type of things as conditions warrant them at the right time.

Consider on learning the language of price action and put the trading edge in your favor. Indicators are nice, but they only reflect what the price is doing first. If you have not clicked on the chart above, check it out as it shows the timing as per the indicators I have up, but which is as I mentioned, just a reflection of you will all know ahead of time before those signals are even given if you learn my trading method.

Either way, I wish you all the very best going forward and will try and bring insight and value to my readers.

Vince

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Trading results for today

Wednesday, January 26th, 2011

1-26-11;

Just a short post here tonight to post my results from today’s trading. I took 4 trades three of them were profitable and one was somewhat flat. On my third trade, I meant to get out of all my position but did not change my size and exited when I saw things where not as they should be. I had a 1 tick profit on 2 and a 3 tick loss on 1 contract.

Overall, another easy session. No big struggle just exercising good method judgment, with very good timing. The market barely came back on me in all the trades again today. The first one, I had 2 ticks of heat, not to bad. Very good method entries, as they did happen to line up with my indicators as well.

The method is what told me to take action, the indicators are only an added tool to support my own findings. That is the way it should be. Daily goal met. That’s it for now, until tomorrow.

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Market momentum down, but looking for support

Monday, August 23rd, 2010

Today is August 23rd and we saw the markets holding on with only modest losses as the S&P dropped -4.75 points.

I think tomorrow will be a pretty important trading day and will be looking for the market to hold on. This is not a far gone conclusion, but this is what I would be looking for. If we see big selling and close that way, we will be seeing other factors come into play. Currently the daily and hourly momentum is clearly down. Support will have to make itself clear or the markets momentum will take over and we will drop.

After Tuesdays session, a new weekly poll from the Investment Newsletter Writers will come out for Wednesdays market. The negative sentiment will likely have a reverse effect on future market direction. So, the key is for the market to hold on, without any major damage, but we will see.

Below, I have a chart of today’s first 90 minutes showing the turning points during that time. There are only a few trades and they were all pretty clear. If all the trades were taken, 3 would have been big winners with one small loss. This is only based on the trade indicators. I won’t say if I would have taken all of these trades but I will say that I really liked the first one and the last one.

One would only have to capture a few points from one of these trades to make a nice daily goal. The chart below is a tick chart and the smallest size of which I use on most trading days.

Still laying low on personal trading and may be ready to get back into it by this coming Monday. I am enjoying the time off, as it will help me recharge myself for the many coming months of good volatility, that’s the plan anyway.

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Day Trading for Income

Saturday, August 14th, 2010

Today is Friday the 13th day of August and the Index’s were down slightly -16 on the Dow and -3.50 on the S&P futures.

I guess the market needed to take a breather from yesterdays sell-off, as we did not go to far in the session today. A very narrow range was not exactly what I was expecting. I thought it would start to pick up, but it did not. The market went back to sleep. Come Monday, it is going to have to show its hand if in-fact the support from Thursdays market is going hold. That is key support and if broken, we are in a bit of trouble as I see it. I expect a bounce off this current level of at least 20 S&P points, maybe a little more, come the next few sessions. After the bounce, (if it comes) that is really the moment of truth for this market.

I talked about the market sentiment in yesterdays postings as the bearish sentiment dropped a lot. Last week we saw a 6% drop in bears as per “Stock Market news letter writers”. It went from 34% bearish to only 28%. That is significant, but the more important side is the bullish percent. That did increase from 38% to 41%, still a little on the light side. A figure of 35 is bullish and we are coming off of that now and a reading of 55 is bearish. This number does not have to get to the upper extreme for the market to sell off, just somewhere in the middle is enough. Tuesday the new numbers will be coming out and if we see a rally on those days, it could push the bullish camp to the middle of range and then the market can do what ever it wants from there. A strong signal a month ago has given only a modest market move, if in-fact this market is done, that I don’t know. One thing is for sure, one needs to play the price action as it relates. A big bounce will be setting itself up for a good predictive move either way at that point.

To better illustrate this, I have a “Daily Chart” of the S&P cash market up again as I did last week. I have new notes on it as I pointed out the potential for a big drop from last Fridays blog posting. Well, we did get the drop, now what. Go see the chart below and get the rest of the details of what we could expect.

In today’s trading, since the price action was so slow, I did not push it. I only had a few trades and called it a day. I had a little over 3 points gain and just 2 ticks of lose. It wasn’t to exciting, but trying to make something where there is little, is usually not a good idea. I could have went into scalp mode and tried to pick up a few more points, but when the prices are moving so slow and there is little volume, I really don’t like it. I would rather wait. My trades are below.

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Trading for a living is a traders dreams and at times dreams do come true. For this dream to come true, one needs to have a trading plan and a back up trading plan from the first one. Things do not always work out the way we would like, but having a trading plan to begin with, puts you miles ahead of other traders who have none.  Finding the best trading instrument is also something one needs to contend with. I find that trading individual stocks are easier to trade than the S&P emini’s in a general sense, but I enjoy the trading leverage that comes with futures trading.

I find that trading for income is much easier than trying to trade all day for the sake of trading. If its the money we pursue, than trading discipline and patients is going to be in high demand. Without a high degree of trading discipline and the patients to go with it, you will end up working against yourself.

Traders do not realize that they themselves are there biggest obstacle to overcome. Read that last line again. That is right, we end up derailing our efforts to often by our lack of discipline and need for action. If a trader trades for income, then he gets what came for and leaves to enjoy the freedom that day trading was supposed to offer, or that is how it is supposed to work.

With the high degree of trading leverage that emini futures trading offers, you really don’t need to trade all day. Consistency in capturing 2-4 points per day on most days, with windfall days 2-3 times a month, should do the trick nicely. If a higher income is what you want, mastering the daily goal is the first place to start with small trading size. After that goal has been reached, then slowly increasing your size to the desired income level is next.

If an emini trader could master the 2-4 points a day average, highs and lows, including loosing days, which is 60 S&P points per month, x that by $50 dollars per contract traded and you have $ 3,000 per month. That is your minimum profit for one contract traded for the whole month. It not a lot of money, but increasing that slowly over the course of a year, could easily take you to 20 contracts. Now that is serious money, 20 x $3,000 or $60 K a month.

Increasing is an option and has its own set of psychological problems, but those limitations are usually our own inability to allow us to earn more. Our own self worth needs to be evaluated and we need to give ourselves permission to reach all of our financial goals as our plan calls for.

To day trade 20 lots in the emini market a trader really only needs about 20k in his account to put on a trade with that size, based on the trading leverage that is available to him. Each S&P point is then worth $1,000 dollars. That is a lot of bread, but that works against you just the same. Trading with that kind of leverage is definitely not advisable, but for every 3-4 thousand dollars of increased profits, one could over 3-4 months find themselves at that 20 lot level. Even averaging 2 points a day (40 points a month) will get you their in 5-6 months and give you the ability to take money out of the market each week.

It first starts with us and our mental attitude. Controlling greed and our emotions, while we trade for income. This is a marathon, not a sprint. Keep your trading funds safe until you truly posses the trading edge, then live your trading dream. (Part coming next posting)

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S&P Futures Contract Roll Over Day

Sunday, March 14th, 2010

Today is Sunday, March 14th and this post is for Fridays market.

The market was very slow in trading volume, one reason was that it was roll over day. That is when most traders stop trading the past contract month, which was “H” and roll over to the new, “M”. So your new symbols should be ESM10.

Here is a way to get some of your data to flow, which can be a problem for some. With the new contract month, you don’t have very much past data to go by and it can make it a little hard to get a feel for the market rhythm this way.

Adjust your charts to @es and you will see continuous data. If you are using tick charts, range charts, volume charts or any other type of trading chart, it will bring back some of the data for you to trade off of. It is the same prices as the actual contract month, so you should not have any problems there.

Friday I had a small loss on the day. Trying to do to much and my head was not in the game. I was only down not even 1 point but commission make a little bigger. I will make up for any loss and then some this week. It is time to rack up a few points, I hope we have some volume to go with that order. We will see.

This week will be an important one. The market is basically at a double top with the S&P and Nasdaq markets and the Dow Jones is still lagging. The nasdaq has actually out performed pretty nicely and is up against some pretty definable resistance. A pullback would not be a surprise at these levels. I will put a chart of the S&P futures along with a cash chart of the Dow and NASDAQ markets all in a daily bar chart. You can see for yourself how things have fared over the last week. A pull back to support would not be abnormal from here as traders will be looking for any good reason to sell at this previous high. For prices to come down to the 1127 level would not be out of the question.

That is going to be it for tonight. I can see that the futures have what appears to be a head start on a retracement right now, but anything can change until tomorrows opening.

Stay alert and trade safe;

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Day Trading with Support and Resistance

Thursday, March 4th, 2010

Today is Wednesday March 3rd and the S&P futures put in a small gain for the day.

The market was virtually flat today and off its highs, closing closer to its low for the session. The short term momentum has been lost with the hourly chart just about to turn down. The daily chart is still holding it momentum edge, but time will tell how it fares going forward.

You can see in the chart I have below, that there is containment taking place in the Dow and it is holding the other index’s back. We may see prices stay inside of the Dow formation until a clear break out is again present. That break out can come in bullish or bearish fashion and does represent a good longer term trading opportunity. For day traders, that may mean two to three days. So, the thing to do is watch how prices handle the edges of that formation. Until then, you could see some consolidation inside the range.

The Dow has shown resistance 9 days, as the red line across the top has proven itself to be clear “TRADING RESISTANCE” overhead. As the bottoms of the chart move up, you have what is called a “Rising Wedge” in a downtrend.

I would have to call the current position of the overall market in a downtrend. The weekly chart is clearly down, with the daily charts trading counter trend to that. Even if the current pattern were to move all the way back up to the old high, you would put in a classic double top, at which time would be met with selling. All the people who wish that they got out at the previous high, will not miss there second chance and have there finger on the trigger.

For those who follow daily charts in stocks and options, this is where you want to watch volume. If the volume is weak as prices rise, that is a pretty good indication that the market is rotating into weak hands and more susceptible to a drop. I just looked at some of the volume figures for the S&P and it at this point it does look like the big up days were on lighter volume and the larger volume days saw little directional movement. In addition, the four big sell off days, (2 & 2) came on very large volume. That is typical for this type of move. With that said, the market can still move higher, if it breaks out of the over head resistance area, but it is possible that it will only be short lived if it does.

All of these issues are taken into consideration when understanding support and resistance. Looking at price structure with support and resistance in mind, will bring a clearer picture for where we go from here.

We had a few nice days up and I would have to say the move that I was looking for is complete. We may move higher, but not until the Dow can break out over the resistance area mentioned.

On another note; I came back from the S.F Bay Area to Northern Cal (close to Oregon) last night. I got caught in a snow storm with “white out” conditions, wow, that was not fun. I was exhausted when I got home. No time to update my blog.

Yesterday I did trade for just a few minutes and took only one trade. I did something from the day before that I don’t usually do. I carried one of the three contracts over into yesterdays session and sold near the high of the day. I took one trade for one point and hit it. When I closed it out, it took the “first in – first out” approach, so the new position had one left over. My stop was hit before the market could turn the corner, which was fine for a 6.50 gain from yesterday.

Today, I had one of those off days. I think driving white knuckled for so long, must have had an impact on me. I just did not have good judgment today. My first trade was a small gain, but I had three losses in a row and stopped. I was down about 2.75 point and could have taken another trade or two to try and come back, but I could see I was not thinking clearly and packed it in. I did not even feel like trading, so I thought, why push it. That is a good lesson for me. If I don’t think I am firing on all eight cylinders, take a day off. There is no rule that says you have to trade.

Well, that is it for tonight, I will have more to say tomorrow as we get new developments.

Good Trading to all.

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Market Rallied on Queue, so far…

Tuesday, March 2nd, 2010

Today is Monday March 1st and the market rallied on cue.

We did see the rally on Wall Street that I was mentioning, but it did not have all the bells and whistles that I was looking for, like increased volume and conviction behind it. It still counts and maybe its a warm up for tomorrow? All the index’s closed at the high of the day with the S&P +11 points about 1 %. The Nasdaq was the big mover at + 1.5% on the index.

If you look at a chart of the S&P 500, the Dow Jones Industrial and the NASDAQ, you will see that the NASDAQ is in the lead right now. With one more day like today, it will be right at its old highs. I did see this previous outperforming as a sign of internal strength, giving me one clue to a market rally. The other was the low sentiment numbers, which are coming off quickly, but still a bullish scenario and lastly price action itself. The position of the bars themselves, tells a lot if you know how to read it. For many, it may just look like lines on a chart, swinging up and down, seemingly without order, but that is not the case.

I don’t want to build up any false confidence in the current price patterns. Every trader needs to be careful at all times and expect the unexpected. Let me point out a surprise scenario as the market is not out of the woods yet. I have seen many times patterns in the daily charts that look just like the one we have now, that draw the unsuspecting in, only to quickly pull the plug and take it down hard. There could be bad news looming and that could be a catalyst for just a scenario. The idea of being a day trader is as the word describes, we follow the action of the day. I know there may be position traders that out there that will hold several days and they may find many of my past market calls helpful to see the possibilities, but as day traders, we look inside each day and should attempt to read the price action charts to determine if we are in an uptrend or downtrend. Then, you will be well served to find a low risk entry in the direction of the dominant trend for the time frame you are in to capture a piece of the move.

It is best not to try and pick tops and bottoms. It really might feel good to do that when you can, but this really only feeds our ego’s and does not bring us closer to becoming professionals but more like amateurs, so try and not do that. If the market is not trending up or down, but range bound, you will have to find your way to catch a piece of those moves and take what the market gives you. You can’t take what the market does not offer, so, keep your expectation in line with the current price action. That is important and it should be remembered to keep yourself from getting frustrated and controlling the greed factor. If those two emotions come out of the bag, you could be toast for the session. So, keep a lid on it and one way to do that is keep your trading expectation in line.

Once you get good at catching 2-4 points and it could just be 2+, that is often enough on average to do very well. To average that, it is best to catch a bit more now and then, to cover any future loosing days you might have. The key is, having in mind the ability to capture two small points for the session. If you have in your mind that you are going to crush it today, with high expectations, often that will work against you. Stay calm, be realistic and quietly take what the market gives you and move on.

Long term readers of my blog know that I have a 4 S&P point stop for the day (Dow=40 points) That is when you have to throw in the towel. If you don’t have a point where you stop for the day, you only open yourself up for a possible whip out day, which you cannot allow under any circumstance. Controlling your loses is mandatory, it is not an option. Success will depend on it. Even if it means having a losing day, that can be a victory, because you stood your ground and stopped trading when you were supposed to. It is only one day and you can make it up down the line, just put it past you and keep your focus on trading properly.

Don’t trade against the market in the acceleration phase, (while the market is driving forward ). You will see a shift in power or a transfer in momentum as the market rolls over. At that point, you need to use your entry skills to get in and risk little. My Emini Trading Method, will teach those traders who need structure and a method to follow, that is clear with rules to identify which direction you should be trading and how to enter and risk no more than one S&P Emini point while doing so.

If you have your own trading method that shows promise, you may want to consider adopting some of the idea’s above, it could increase your bottom line.

In today’s trading a few trades only. I could only take what the market gave me, and it wasn’t a lot, but enough.

I wish all my readers the best,

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