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Learn to Day Trade to learn to day trade visit http://daytradervideo.com
Interesting day in the market everyone so let's get right into it and talk about why
it was so interesting. Today was the kind of day where you can definitely learn a thing
or two. Immediately out of the gate I decided to take
a trade because it really looked like we were going to have a strong run down. So, after
waiting a bit to see if my confirmation became true I entered a short and was immediately
stopped out. If you want to learn to day trade then consider this early stop out an important
lesson for all aspiring traders. Sometimes this type of crap is just going
to happen straight out of the gate and you're going to have to learn how to handle your
emotions to the best of your abilities right out of the gate.
After a quick run I was pretty ticked when I couldn't get a fill and then the trade took
off prior to news. Again if you want to learn to day trade this is one of those situations
that you want to remain cool and collected. My frustration intensified awhile later when
again I was not able to obtain a fill on another long that worked to target.
Finally I was able to get a fill, but I had to take an early exit because the trade just
didn't look like it was going to work out. Eventually when we changed direction back
to the downside I not only obtained my first win but a total of 2 points using the beginning
day trading strategy that I keep ranting and raving about. But, the job didn't continue
for that long as the next trade short was a loser for the full 5 tick loss that I have
with every single one of the trades that I take.
After missing another few fills I was finally able to get filled on two shorts which both
turned out to be full winners. So, overall today was quite a frustrating
day that could have turned into a blow up day. This is why it's very important to stay
calm and make sure to have total control of your emotions when day trading for a living.
Because I'm getting a ton of questions about the 6E, I've decided to continue to trade
both but only recap the beginners day trading strategy on the ES. You will still see total
profits for both markets but I will clearly state how much is for the ES on the video
screen. As always use all of my videos as tools to
help you learn to day trade.