Archive for category: Day Trading Lessons

Emini Day Trading Lessons: +5.25 Points – Deep Pullbacks Within the Trend

Day Trading Futures 02-19-2013

Today was all about trading in line with momentum in both the long and medium term.  Mistakes were made (as is always the case in trading) but overall the good decisions outweighed the poor ones and there were still some points to be made in the two hours I traded.

I didn't get in front of the screens early enough to catch the first long of the day which would have been good for a point or two.  After the market open the price action was showing more topping action than I want (as per my trading plan) so I passed on this as well.  Luckily it made a good move that created the conditions for a trade setup which I entered without hesitation. Read more

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Emini Day Trading Lessons: 4.75 Points – Adapting Trade Management to Market Conditions

day trading futures 02-15-2013

I'm going to make today's recap quick because, well, it's Friday!  One thing that definitely wasn't quick was today's price action.  Friday's are often a bit slower but combined with what was a fairly low energy week so far it wasn't any real surprise.  What this meant was that I needed to be a bit more conservative in my approach in terms of what trades to take and when to take profits. Read more

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Emini Day Trading Lessons: +7 Points – Benefits to Trading the ES

It seems like forever since I last posted a recap even though its only been a couple of weeks.  I plan to keep them coming far more regularly now that I have a lot of my other work wrapping up.  What work is that?  Mostly it's a lot of behind-the-scenes stuff here at Samurai Trading Academy as I fine-tune the curriculum that will be available in the near future.

In the past year I've been working with a number of Forex traders (another market that I trade) and one request that regularly comes up is that they would like to see a more involved training approach in live markets each day.  I first considered doing this in Forex but the working day is just too long and there are too many times where the market is flat for extended periods of time. Read more

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Emini Day Trading Lessons: +4.5 Points – The Day Before Non-Farm Employment

day trading futures 01-31-2013

There's only one day left in the week and its been great so far.  It wasn't a big day with only 4.5 points banked but when it comes to trading well the number of points made shouldn't be the  main focus.

It's far more important to be as consistent as possible by simply aiming for a positive bottom line every day.

 

Whether it's 2 points a day or 10, as long as you are positive and keeping the equity curve sloping steadily upwards you can achieve anything in this business.  It's definitely possible to get to this level of consistency as long as you are willing to put in the effort.  With a good system and some mental discipline you can reach the results you desire in a surprisingly quick period of time.

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Emini Day Trading Lessons: +4.75 Points – Planning Around the FOMC

The excellent start to the week continued today.  Although we aren't seeing huge movement in the overall market we are getting excellent price action and some nice swings.

Today's trading was all about being conservative in our targets due to the upcoming FOMC Statement release later in the New York afternoon.  What this means to us as traders is that we need to understand how important upcoming news from the FOMC impacts market sentiment in the hours before release so we can plan accordingly. Read more

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