The Market has a lot of pep these days, unfortunately it’s mostly to the downside. I guess we should not complain because there is no shortage of action in the S&P E-Mini futures market. As I understand it, the market has not had this kind of volatility since 1933, with over 10% swings in a day. Incredible. I may even change up my strategy a little and be on the prowl for more of these big moves. I have plenty of tools to help me stay in the trade longer, while taking some profits early and letting the rest run, baby run. It might work out after I pick up say two times my daily goal and then just wait for the right time to strike, like a sniper would. He waits as long as he has to in order to hit his MARK.

I missed a good 15 point run today by moving my stop one tick down and getting stopped out. I wasn’t happy, but I pulled myself together and waited it out for another setup. That’s what I teach myself and today I had a chance to live it.

Below are a few 5 minute clips of some of my short term scalping. I was only trading 2 contracts on most all of these, but it adds up fast.  I hit my daily goal in about only 5 minutes of trading, which was nice. I have come to expect that, but I know that if I let my guard down, I will get spanked like a little baby and today I deserved a spanking, for a few impatient entries.  I was able to come back right away but that is beside the point. Anyway, here are the posts. I may not be putting my screen shots up like this, but I will post my equity charts, showing all my trades for the start of my day, first hour at least. My trade post will now be in my new web site, www.sniperdaytrading.com. Enjoy the rest of your evening and we will talk tomorrow. 

Vince

http://www.screencast.com/t/3xos4WoOjs   Today’s Profit trading only 2 contracts

http://www.screencast.com/t/EuGBVN97

http://www.screencast.com/t/ISBvjtvo5

http://www.screencast.com/t/1ZWoLGCcgt

http://www.screencast.com/t/pxBTy8BvSk