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S&P Emini Trading - Volume Is Back Market Recap
For more S&P Emini Trading visit http://daytradervideo.com Today we are looking at my favorite market
to trade on a daily basis, the S&P Emini market otherwise known as the ES. The great thing
about this market is the way it moves. It typically has a great deal of both volume
and volatility. However, if you're a regular viewer of my
videos then you'll know that the month of April wasn't the most exciting month for trading.
In fact the ES moved beyond slow. There were times when I literally lost all my focus and
began surfing the internet and chatting on Skype. But we're now headed into good times.
The last few days we've got the good ol ES back. What you'll notice in this video is
the fact that the market is moving and giving us a great deal of opportunities. This is
the kind of market that a day trader thrives on. With that being said let's get into this
market recap and start talking about what happened today.
We start off in the pre-market like we always do. As you can see there is a pretty decent
amount of volume and by looking at the pre-market you can tell that we are most likely going
to have some great trading... DROOL! The only problem is that when we open , the
market does not seem to cooperate with my prediction and we actually go choppy for a
bit. Luckily on this day I actually did not wake
up in time. Sometimes you're just lucky like that. I quickly managed to get into a trade
as soon as I got to my desk and the day's pattern went something like, winner, loser,
winner, loser and finally we finished with another winner.
There was also one area where because my feed seemed to have a great deal of lag, I was
not able to get a fill. That trade immediately made it to two points. Again sometimes we're
lucky and sometimes we're unlucky. There isn't much you can do about dumb luck. It just happens.
So, overall despite a few mistakes like waking up late and my feed screwing up I did really
well overall. As you can see S&P Emini Trading can be very lucrative if you take the time
to develop a plan that you always follow to the best of your abilities.