May 29th Day Trading Recap: +20.25 Points – The Market is Back with a Vengeance!
It's been weeks since I put together one of these day trading recaps showing my trades, but it's just that it's been such an incredibly hectic time here at STA. I've been working hard with our STA traders, building some aspects of the site, and I've also had some personal commitments that drained a lot of my free time last week. It's been a bit of a wild ride lately, but it sure has been a lot of fun and I've had the privilege of building relationships with some excellent traders!
In recent weeks I've seen many of our STA Training Program students making great strides and this is incredibly encouraging going forward. While I wouldn't say that the markets have been especially difficult lately, they haven't been offering ticks and points easily either.
Now that we are seeing the market really open up there's no doubt that many of our now fully prepared and trained traders are going to be taking full advantage.
Considering that I saw multiple traders bring in over 10 points today, it seems to confirm that thinking.
Going forward at STA the plan is to really expand the training for everyone who visits the main site. This includes more detailed video recaps which key on important lessons from that day in the market, more trading articles that expand on general trading knowledge, and an increased social presence. Our training program is a very in-depth undertaking, and I realize not everyone is able to take on such a commitment. At the same time, enrolment is very limited so there are going to be some people who simply won't be able to get in right away if all our spots are full.
For these reasons I want to make sure I continue to focus on trading education for all visitors of Samurai Trading Academy, because I firmly believe that anyone who is serious about improving their trading can benefit greatly from all the free resources here on the site. Feel free to get in touch if you have questions or have a suggestion for something you would like to see covered in one of our trading articles. This site has been built with your trading education in mind, so I'll be happy to do whatever I can to improve your overall trading results.
The Day Trading Recap Video
As you can tell, today was a bit unusual in terms of profit potential. While we certainly aim to make a profit every day, it's unusual to have a day of 15 or more points. By identifying the strong movements and shifts in supply and demand, we were able to increase some of our targets and really maximize our trading results.
Emini S&P 500 futures are ideal on many days for those who focus on technical analysis, and today that was certainly the case. Price was very well structured which allowed us to easily maximize profits and, more importantly, minimize risk. Trade management is what really opened up this day to be an outlier.
This isn't uncommon, as trade management is what really separates those who struggle in the markets and those who excel.
There's a reason why experience pays off so much in the trading game and that's because after a while you learn to identify certain things within the market structure that suggest the increased probability of future outcomes. What we aim to do at STA is to provide that experience and analysis so that you can avoid some of the common trading pitfalls and accelerate your learning curve.
Wishing you all the very best in your trading endeavours!
- Strike While The Iron is Hot - March 1, 2021
- The Path to Becoming a Full Time Trader - February 22, 2021
- Looking to 2021 and Beyond - January 20, 2021
