In any event our day trading week was pretty good. 4 days of one and done trading and one day with a small loss followed by a great recovery trade!

Needless to say, it was a one and done day. In fact we had 7 or 8 straight winning trades! Folks, it’s awesome to have a system that can achieve 100 percent winners. Every now and then, our emini system does just that. However, and I hate to be skeptical, but we can’t EVER expect to win 100 percent of the time! It’s virtually impossible! Sure, we can have lots of One and Done days, I think our record is 18 trading days, and we can also see several straight winners, trade after trade in 30 – 45 minutes after the bell.

Today we got beat up at the beginning. We took 2 back to back losing trades! This is why discipline and having a plan is SO vital to your day trading success! A “newbie” trader tends to wanna change rules after the rules don’t work and normally find themselves sinking into what could be a very large hole! It really does not need to be this way and if your trading results are similar to that, I hope you stop, review and start when you are better acclimated with the system you trade.

Many of you have been inquiring about our new etsProTrader Automated Strategy. Our first “student only” Webinar is tomorrow night!

Trading Results: Today’s emini trading was great. A nice “one and done” and it looks like we have some more volatility coming back in. The S&P Emini broke above 1290 pre-market and dropped after the open. At this writing it pierced the 1290 level again – we’ll see if she holds. This huge rally we’ve seen is all on razor thin volume.

As I stated last week, my time is going to be limited for videos as I am back in our Emini Trading Room more often and I am preparing to release our new etsProTrader Automated Strategy! Ok moving along. We had light volume all week but had a pretty good week day trading the emini markets. Today was a decent day with a losing trade, and 3 or 4 winners after that – all before the 10 AM reports. SO a pretty good way to start the long weekend!

NOW is the time to learn to take your financial destiny in your own hands? I mean, do you want to trust the government? CAN you trust the government? Personally, I trust myself – not the government that tries to run this country! We can see the damages caused by that. But I am not here to trash elected officials. Bottom line is this – learning how to day trade for a living is a skill. A skill, that once mastered gives you the ability to make money! The best part of it is – you do not have to be in one place to do it!

We had non-farm payroll today and job creation was less than hoped, but unemployment rates dropped to 9.4 %. Realize that 6 million people stopped looking for work and dropped from the roles! Mr. Bernanke testified today that recovery was on track but not enough to create jobs. You can read more about that here: http://www.cnbc.com/id/40962516

We had a nice trading day. We started off with a high probability NSE which ended up losing 5 ticks. We quickly reversed and recovered. We then had a short NSE that was good for 4 + and a Pullback trade that was high probability as the Long Term Filter went short. That trade was good for 6+ ticks. So even after a losing trade, we recovered, and profited before 10 am. This is the “norm” for our emini trading system. Of course having better volume certainly helped!

For several weeks now I have been periodically blogging about and discussing in my Webinars a new way of trading my system – A trading approach that will change the way you trade! EminiTradingStrategies.com is pleased to present: etsProTrader Automated Strategy! etsProTrader Automated Strategy is a derivative of our Emini Trading System taught in The […]