These are the beginner results for June. The idea behind these posts to show you what is possible when it comes to making money day trading. In the month of June I was able to visit my second to last country in South America, Peru.
Emini day trading in South America now only excludes the countries of French Guyana, Bolivia, Ecuador and Paraguay. I have visited every one of those countries except Ecuador, my last country to visit on the continent, but was not able to day trade in those countries.
June allowed me to day trade from a desert oasis in Peru, Machu Picchu (the city not the actual site built by the Incas, and Lima. You can read more about my traveling & day trading via my travel blogs on WanderingTrader.com
June was very similar to May’s beginner results in that it was a tale of two months. In the first half of the month we started off very strong with a win percentage of 80% and an average of 3.3 points per day.
The last 10 days of the month were horrid, the win ratio was still above 50% but the average winning day was only .53 points. There is a zero behind that period, that’s 0.53 points, in other words, roughly 2 ticks.
This is why it is so important to understand the trading system that you are using and ensure that it is a system that works. This is something that could easily shatter your confidence.
By knowing that we have a proven system that works overtime we are able to understand that its not about making money everyday, its about being consistent. I started publicizing the beginner results to ensure that people had an idea of what was possible when trying to make a living day trading eminis.
If you don’t read the site regularly, I started by sharing my own trades when I was asked to help other emini traders that were having trouble finding consistency. The very first recap was on August 25th of last year.
- Blue days: Huge winning days out of the norm (beginner results don’t normally have wins that high)
- Yellow days: Stop loss reached (days where maximum stop loss was reached & stopped trading)
- Red days: Losing days (yellow are losing days also)
There were two extremes in the month of June and that were hu days that don’t normally occur with beginners results. This confirms that while the volume has been relatively constant throughout the year, the spike in volume that we saw in May continued through June.
The two extremes show that we are seeing a higher level of volatility in the market
In the beginning of June, it was either large winning days or daily stop limits being reached. This can be seen in the average daily win of 3.30 points which is well above the yearly average of 2.23 points. The losing days is what stuck out the most, with 5 days that the maximum stop loss was reached. Through the months of January through April alone, we only had 5 total days that reached the stop limit.
When volume increases and volatility spikes, no matter if you are day trading stocks, eminis, options, or anything else, it’s important to keep a steady hand and follow your plan. Eventually the volume won’t be as high, sometimes you won’t get any volatility, if you are able to have a day trading strategy that can adapt to the ever changing market dynamic, you will be able to stand the test of time.
I have been day trading for 10 years and have seen every kind of market out there. If you choose learn how to day trade from me or from one of the other day trading companies out there make sure that you do your homework and stay away from the scams. Do your homework and make sure that you are disciplines, no one can pull that trigger except for you.
Click here to see the disclosure that the good ole boys at the CFTC require us to share with you about the results above.