Emini School Trading Results 8/2/2010
Well we are already into August. Where does the time go? It seems just not too long ago we we’re celebrating New Years!
We had a nice One and Done trade today! It was a NSE out of No Zone! Great trade within minutes of the opening bell. That’s what day trading is all about! Making your profit and walking away. Our Emini system delivers a “One and Done” about 65% of the time. Of course that means we take losing trades about 35% of the time. This percentage is only on the first trade of the day – not winning days – just the first trade of the day. I remember not too long ago we had 3+ WEEKS of One and Done trading!
Knowing that you WILL take loses and having a plan to recover from losses is what makes or breaks a good trader in my humble opinion. You know its GOING to happen at some point. Why not just plan for it! And have a plan of attack when it happens!
If you catch the One and Done – you are done for the day. If you lose, you gotta recover, make profit, and still move on with the day.
That is the day trading plan that I use and teach everyday!
Here is a chart of the trade today. I was unable to trade today but our Live Trading Room caught this trade in the room!
Cheers!
