Emini Trading Weekly Update: Jan 13, 2012
Well, our 2012 One and Done streak is continuing.
Not only are we getting One and Done trades, we are seeing several winners throughout the first hour. Today, in fact we had about 10 setups in the first 45 minutes for a net gain of 4 + points! Of course, as I mentioned, when the volume is light, I grab a point profit and run. Nothing wrong with trading for a living in 15 minutes a day.
So far, every emini trading day this year has been all winners! We love it.
The bad side is that it WILL NOT CONTINUE forever.
How long will it go?
Well, being the skeptic that I am, my guess is next week. We have had 3 weeks of straight one and done trades since we started recording it. Maybe we beat it.
But you know what? It really does not matter!
As traders we must be disciplined to follow each and every rule!
I repeat: We Must Be Disciplined to Follow Each and Every Rule!
At some point we WILL TAKE a losing trade! We need to expect it and be ready for it at any time. Once it happens, and it will, we will be in there recovering from the loser and STILL making profit.
That’s what this system is all about. We don’t hide the losers!!
WE tell you to Expect Losers, BUT we teach you how to recover from it!
Well, I am off to enjoy the 3 day weekend. Feel free to get in touch if you have any questions!
Cheers!
David Marsh, ETS
