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Emini Futures - Lots Of Trade Setups And Good Volume Market Recap
To learn more about Emini Futures visit http://daytradervideo.com I probably sound like a broken record by now
but it's certainly great to see all that volume and volatility back in this market. We have
not seen this in a long time and although we've still been able to make money in the
market, now is the time to begin learning to trade.
There is a huge opportunity at this very moment to get this stuff down and start making some
money. For those of you that are new and sending in your questions let me just quickly brief
you all on what I am trading. I am trading Emini futures which do not require the 25k
that typical stocks do. The great thing about them is also their liquidity
and the fact that they give you a huge amount of leverage. If used properly leverage can
make you very good money. You just have to make sure to have a proper stop management
and risk versus reward in place. So, if we take a look at today's chart what
we'll notice in the pre-market is that it looks like we might have a decent amount of
volume and therefore most likely a very good day trading these emini futures. Once we start
out as you can see on the chart I start off with 2 straight losers. This is typically
really tough for traders to do. It can trigger them to tilt off some money.
But they didn't bother me at all and I continue taking trades and manage to bag two straight
winners for two points apiece. I continue to see a good amount of opportunities and
take another couple of losers and some winners. Overall on the day I managed to finish with
a total of 7.25 points. The crazy thing is that overall I felt like I made a couple of
mistakes that could have put me in the + double digit area. That's the thing about trading,
some days you'll lose and some days you'll win big. The key is to not lose so much on
days where everything goes wrong. It's very similar to poker and that's why
I've managed to do so well. The total score today is equivalent to 1812.50 before commission
trading five contracts. Till next time!