Trading System Results 11/19/09
Hi everyone. Posting this about yesterday and will post our weekly update later today so come to check in for it!
So guys, yesterday our trading system didn’t have a one and done. We went back and forth just a bit. The Life Of A Day Trader Video Series illustrated that on Wednesday’s blog post! And, it happened! I am cool with that though. I accept that day trading is not easy and that I will not win every trade I make. Just doesn’t happen that way.
I started off with an EET trade and lost 3 ticks. I then took a 4 tick PullBack trade, lost 3 more ticks on an EET trade, Made 5 ticks on another Pullback trade and 5 more ticks on another EET!
The best part? I was done day trading by 10 am eastern time! We had some pretty good trading action the first ½ hour as we had reports coming out at 10AM on Thursday (yesterday) and we had Geithner talking at 10 as well. I love the action and volatility. Sometimes you got to take losers. Part of the biz..
Recovery is key, discipline is key. I preach this all day long to my students and I will do so here as well! It doesn’t matter what trading system you use. You may buy a trading course, or you may develop your own style of trading –either way is fine. The hard part is the recovery – so be strong with it! Follow the rules all the time!
If you have any questions about my trading system, feel free to contact us anytime.
For today’s video we are showing our bread and butter trade, the NSE. We take a nice NSE trade for a “One and Done” day.
Thanks again for watching and check back in for the the Weekly Update later today!
Cheers!!
ETS
