Emini Day Trading – Weekly Update!
As we discussed in yesterday’s blog & video, today was Non-Farm Payroll. The economy shed 95,000 jobs! This makes me laugh when they say it’s “unexpected”. This is the fourth straight month we have lost more jobs in this country! Unfortunately, in this traders eyes, I don’t see it getting better any time soon. Here is a great article on CNBC. Notice that the fed as already pumped 1.7 trillion dollars into the economy and more quantitative easing is upcoming..
Well let’s talk about day trading, shall we? We had another one and done day! If you recall, last week we did about 17 trades and ended up with a nice profit at the end of the week. You’ll have to scroll down the blog for the exact figures as honestly, I forgot. This week we had 5 trades so pretty simple math – a 10 lot trader before commissions is up $2500 and worked about 4 hours this week using The Tick Trader Methods! Of course some trade longer and for more profit. Several students made 8+ points this week with our trading system. Not too shabby!
>> Kudos to all my students that had such an awesome week! You make me proud. 🙂
Nothing is more gratifying than having a student email or call me and tell me how good they are doing. Sometimes they thank me – but they shouldn’t!! They are the ones learning & following the rules! So pat yourself on the back and keep moving on!! This is what day trading is all about.
In today’s video I show my trade: a long Early Entry Technique (EET). I liked this trade as the long term filter was long. It was about to end (the filter) but that and the fact we we’re in No Zone definitely told me to go long. Ended up being a great, quick trade! The Emini market then came out of No Zone and as you all know the first NSE that follows is higher probability trade! Some students simply waited for the NSE out of No Zone, and won! Others jumped in about 6 ticks early on the Super EET – followed it down into the Normal System Entry and made 8 – 12 ticks on that one trade alone!
This is a great example of a recovery trade! Let’s face it – our day trading system rocked out this week – all winners. But you know what? That means NOTHING. At some point WE WILL take a losing trade. It is simply inevitable. Now I am not trying to be a buzzkill before a long weekend, but recovery trading is where it all is. Where other trading systems fail is where our trading system excels and that is basically this: We KNOW and expect LOSING trades – so our focus is always on recovery. The Super EET trade today is simply a prime example of recovery! For those that trade for more than 1 point per day, it’s an example of achieving that as well!
Well, let’s call it a wrap. Enjoy the holiday, and have fun! Drive safe, and relax.
If you have any questions about our trading system, or any of the acronyms we use, feel free to call or email us. We answer calls and emails 7 days a week!
Cheers!
ETS
Using our emini day trading system we rocked it with a 4 hour work week/5 trades, ALL winners!
