EMini Trading today: A great way to make a living!
Emini Trading is absolutely a great way to make a living. I’ve probably said that on my blog a ton of times. However, once every now and then I really like to show a little more in my emini videos and show you more of what our Emini Trading System can really achieve. Normally our system does well in all market conditions. However, like anything else on this planet, there are extremes, especially with day trading. Generally in very light volume markets, and extremely low volatility, we still make our daily goal within the first hour of the day. However, there are low volume days where we only see 10 emini trades in a day and if our first trade loses, we could spend a couple hours or so recovering, or really, waiting on a setup!
The other extreme, of course, is when the market(s) are rocking! Volatility is high, volume is high and our number of trade setups skyrockets! We have seen 10+ trade setups (opportunities) in under 30 minutes! On average we find ourselves normally in the middle of the range.
Today was a great example of all my trading rules coming into play. On my videos, I normally illustrated the trades, say a few words, and leave it at that. Today’s trading video is more in depth. I really dig in a little more than I have over the years and show you more of what our trading system is really about.
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.
The reality though is that we must take losing trades. It isn’t “if” you take a loser, its “when” you take a loser. More important to that is “what to do…” after the losing trades occur, as they must! So a picture perfect day for The Tick Trader Day Trading Course, and a good indication to me that volume is picking up, as I expect this time of year. We have earnings ramping up, fed meetings this week, and traders are back in the game after the Holiday season. This is when trading gets fun! When you have lots of volume and lots of movement.
The funny thing is; volume was not all that “great”. The key-point is that the markets are MOVING!! And today, they moved really nice. That’s why we trade on Tick Charts. A lot of other trading systems trade off of time based charts. While I am certainly not against that, nor do I have anything negative to say about any trading system, (In fact I respect them all for their hard work) the facts are that when you use time based charts, you are not looking as “deep” into the market as you can. Your trading system may not require that. Mine does! I trade the micro-trends, so we use tick charts that allow us find good trades – even in sideways markets!
Well, enough for today. I hope you enjoy the video!
Cheers!
ETS
The Tick Trader Day Trading Course
