This recap was supposed to go out Monday of this week but unfortunately I have been tied up with eating very high amounts of steak here in Mendoza, Argentina. I did the recap when I was trading in Peru and I can’t wait to share the story of when I was able to day trade from Machu Picchu and also a desert oasis in Peru.
Today was the perfect storm, and we have been seeing more and more of these days lately.
It was a very strong trending day with many opportunities and it didn’t slow down. Someone took over this market and it went down with a vengeance. One of the things that I love about being a day trader is the fact that when you hear the horrible news that the DOW dropped hundreds of points and the NASDAQ had an atrocious losing day, we actually make more money.
This is one of the reasons why I think it’s so important to pay attention to the market with a day trading strategy instead of just rules and indicators. Most of these systems that give you indicators to get in and out of the market operate on the same amount of rules. If the market is going down all day do you really need a system to tell you that you need to go short at every opportunity?
Probably not right?
I also received great news last week that not just one of my traders went live, but two went live and had great first days. It was nothing compared to Mahad’s first day trading live from Qater where he made $4000. I am a little envious of Mahad and these traders that are using my strategy and learning how to trade emini futures, I really wish I had someone who made it so easy for me when I first got started.
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