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Markets Fearful Again!! – September 6, 2011

The markets opened down 2 percent right out of the gate as we have more global economic fears. A good article today on cnbc.com, US Risking Recession… read that when you get a chance here: http://www.cnbc.com/id/44407125

The Volatility Index was about 15 percent higher as well. And that, for Tick Traders, usually means more trading opportunity! Sure, we could go for a “one and done” like we normally do, but why not make more money if it is there to be had? We open up with a losing trade – down 1 point. Not the way I prefer to start. However, we stay disciplined, and we DO NOT RATTLE. We have rules to recover, so we follow them. Next trade – recovered in full and we continue on to make 3 + Points before the 10AM ISM number. IN fact we LEFT 4 points or so on the table for a total of 6 – 7 points to be made using our Trading System, before 10 AM.

Those that made 1 point and left – did they do anything wrong? ABSOLUTELY NOT! Trading for income is what it’s all about. I stand my ground there. However, again, if the VIX is escalated, we can normally make more money! In fact in August, our average day was 4 + points in 30 minutes a day!

When you day trade for a living, you do not have the worries that most investors have. I guarantee you with all this volatility, a lot of long term investors are once again shaking in their boots, HOPING their hard earned savings (401K’s etc) are not going back down. Folks, it simply does not need to be that way. Anyone can navigate the markets and make a very nice income as a high frequency trader! Just takes a little determination and discipline! Think about it!

Trading Strategy Update for September 6, 2011

Cheers
ETS

 

This entry was posted on Tuesday, September 6th, 2011 at 2:41 pm and is filed under Trading For Income in a Recession.
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