Recovering From a 5 Point Draw-Down Today!
The Tick Trader Day Trading System has been ROCKING for years, but the past month we are on FIRE as we are seeing 7, 8, sometimes 10 points profit in 30 minutes! Today that simply was not the case. We did have a Pullback trade that was good for a one and done. Most of the time, this is sufficient, right? Trading For Daily Income – that’s all you need!
However, in all fairness, like I said above – we are mainly trading for several points a day to take advantage of the extreme market moves. With that said, and as you can see on the video below, after our one and done – we got beat up! One student was down over 5 points in 20 minutes! Most of were down about 4 points. The disciplined traders stay focused, and waited for the 10 oclock report to be released. That happened to be consumer confidence and that showed that confidence fell all the way down to the 2009 levels. What does this mean? It means we, in the US are not to confident about the recovery of the US! Read all about that here: Confidence Drops to Lowest Level Since April 2009
To add to the mix, one economist feels a global depression is possible:
Global Recession Likely, Depression Possible: Economist
Of course the report tanked the market almost instantly and Tick Traders jumped right back on the “recovery band-wagon” and within 30 minutes recovered every cent we lost, and still made a nice emini trading profit – all within 60 minutes of the opening bell!
As traders, we MUST expect losing trades. I can’t say that enough. This is not being negative, it’s being REAL! We will NEVER WIN 100 percent of the time. So we use that to our advantage by knowing how to recover, in a disciplined manner with the inevitable losing trade(s) happen! Folks – if you want to be a high frequency trader – you MUST know how to recover! Recovery MUST be your finest trading attribute!
Down 5 points in 20 minutes! Recover in 30 minutes!
Cheers!
David Marsh
ETS
