Cody has over a decade of experience day trading the Emini S&P 500 (ES) and Forex markets and has worked personally with dozens of traders to help them achieve consistent profitability and make trading a full-time career.
Remember what I talked about in some of the recent Trading Journal posts about summer markets being hot and cold and opportunity being somewhat inconsistent? Well, here's a cold dose of trading reality. The truth is that as a trader you will take losses. You will also have losing days. You're going to have to […]
I might have had a bit of luck on my side today. For the most part I got some good fills, managed to find the right areas for minimal drawdown when the levels were uncertain and took my profits at good locations before major pullbacks. Some might say that luck doesn't really play a part […]
You can never fully know what to expect out of an FOMC (Federal Open Market Committee) news day but they do have a few somewhat predictable behaviours. In most cases the market doesn't really get a major shock out of these releases as interest rate changes are generally expected well in advance and most things […]
Trading trends has never been my forte. In fact, it's probably been my most obvious weakness since I started trading over a dozen years ago. We all know the core concept - if there's a trend then simply trade with it until it ends. After all, "the trend is your friend"! The reality is rarely […]
Summer markets can be a bit of a grind at times. Some days the market is hot with plenty of compelling trading opportunities while others are cold with little movement or momentum and not much on offer. While patience and discipline are critical elements of trading even in highly active markets, I've found it sometimes […]