Weekly Update & Trading Results 11/20/2009
I hope everyone had a chance to watch our free video series: “A Life Of a Day Trader”. It’s a video of us trading a real account and showing how some days you seem to go back and forth before you make your daily income.
Scroll down a bit if you have not watched the video series! This whole week was very similar to that video series! Most weeks, we have at least 3 days of “One and Done” day trading. Where we take one trade, one winner and we leave with our daily profit!
This week, however, we only had one day that did “One and Done” all the other days we had losing trades. I am very transparent with my trading and the trades I make so I am actually GLAD we had a week like this! Folks, trading is not an easy endeavor! You must be disciplined ( I know I sound like a broken record). Discipline with a proven set of rules is the only way someone can be a successful day trader!
So all week we had losing trades, BUT we were still done by 10 am (most days)! So even though we take losing trades, we recover and STILL make profit by 10 am! In fact, 80% of our trading days are completed by 10 am (that’s 30 minutes after the opening bell folks) Monday (11/16) was a slow day and I traded until 11:58 PM.. so 2 ½ hour work day Monday. Add it all up and you still have a about 7 hours of “work”.
My point is, that even on days where we take losers, we still make our income – and we almost always do it quickly! That’s why we love trading. It’s fast, and its profitable.
To some though it can be a NIGHTMARE! Some traders simply cannot follow rules, or they make them up as they go! When you take this approach to trading – you will lose. Make no mistake about it. If you want to be a successful day trader, you simply must follow a proven set of rules and follow them no matter what.
Today we had 3 trades: a losing EET (-4) a winning EET (+6) and a winning NSE (+4)
Our trading system teaches you the setups, the entries, exits, stops. We even teach when not to take trades. Most importantly we teach you the RULES in which to follow! YOU must be the disciplined trader who follows the rules.
We will also be releasing our new Dow Emini Strategy in the very near future to course members. The Dow strategy has been performing extremely well, so stay tuned!
Al and myself will be around all weekend if you have any questions. Enjoy the weekend! If you are taking next week off – have a Happy Thanksgiving, and please don’t drink and drive!
Here’s the Weekly Video Update:
Cheers!
ETS
