You can almost always count on the Non-Farm Payroll report to inject a little life into the market, and today it certainly delivered. Before the ES market had even officially opened we had a runaway trend in place and the only smart bets were on more upside. Trading with an eye on the overall market context is absolutely key and is a major part of the focus of traders at Samurai Trading Academy. Read more
The best thing about trading is that every day presents unique opportunities for us to learn, grow, and profit. Some of those days are wild back-and-forth affairs where traders need to be able to quickly adapt to changing conditions, and other days such as today are just slow and steady grinds in a single direction. While a more volatile market is admittedly more fun to trade much of the time, it's days like these that are crucial to long term trading success. Read more
As any trader will tell you, the last couple days in Emini S&P 500 futures have been slow to say the least. Things sure can shift quickly though as today's price action really opened up to provide traders with an absolutely incredible day! This is the ebb and flow of markets and something we need to be prepared for as day traders. Not every day will be hugely profitable, and sometimes there will be losing days too. The key to making it in the trading game is realizing this and continuing to follow your plan when times are tough because there are always better days on the horizon. A veteran trader will find their losing days very few and far between, but they only get to that point by developing their skills and sticking to their trading plan. Read more
It seems like we've been hanging around these highs forever but it wasn't until today that we really saw the bulls step in for a serious push. It all got going with an early FOMC Meeting Minutes release and once the trend was established it never let go. Unlike some trends it was somewhat choppy and stalled often but in the end buyers kept stepping back in and driving price upwards. Read more
First off, apologies go out to regular readers of the blog as updates have been pretty sparse lately. It's been an incredibly busy time here at Samurai Trading Academy as we have a new group of students working through our curriculum and also taking part in the live training sessions. There's a lot of classwork to do and most of my time is currently being dedicated to providing the best educational resource possible. Things are likely to settle down a bit over the coming week so expect to see updates on the blog a bit more regularly from now on. Read more
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