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+24.50 S&P e-Mini Points Day Trading
Oct 22, 2007 - It was another fantastic week for day trading emini futures. Typically when the VIX is rising we see great success...
Friday, October 19, 2007 -- The market took a pounding today. The added volatility provided ample opportunities for day trading. Our initial long ES position failed, but we stopped & reversed, catching the next +8.5 points of the decline. A couple of days ago I wrote about the importance of incorporating a stop & reverse function into trading systems. This trading method is what helped us achieve a stellar week of +24.50 S&P e-Mini points. In addition to the S&P gain, we traded the Russell eMini, securing a profit of 2.6 points ($100 per point). So, even a huge selloff can provide opportunities to make money if you know when and what to trade. Also, on Thursday we had similar results. Our S&P e-mini system gained +7.25 points (scroll down for illustration) while the Russell e-mini trading system scalped 6 ticks.
Here are the day trading results of the eMini trading system for Thursday --
...thanks
for the trust you've shown in MrSwing. p.s. Membership to oexstreet.com now includes auto trading access to our russell eMini system, NUTUS ER....
Disclaimer:Please note that charts and commentary provided by the moderator are for educational purposes only. Any trades placed upon reliance on the moderator’s charts or information is taken at your own risk for your own account. Past performance is no guarantee of future results. While there is great potential for reward trading stocks, futures and options, there is also substantial risk of loss and you must decide your own suitability to trade. Future trading results can never be guaranteed. This is not an offer to buy or sell stock, futures, options or commodity interests. Most trading systems are based on historical formulas which have worked in the past. However, what has happened before may or may not happen again. You can lose all your money trading stocks, futures, and options and you must decide your own suitability as to whether or not to trade. Only trade with true risk capital you can afford to lose. Only trade markets you can properly afford to trade. Properly funded trading accounts typically perform better than those that are not. Never risk more than 2-3% of your account on any one trade. Always define your risk before entering a trade and place a stop to limit your risk. There are no guarantees or certainties in trading. Trading involves hard work, risk, discipline and the ability to follow rules and trade through any tough periods during a system’s draw downs. If you are looking for a guarantee, trading is probably not for you. Most people lose money trading. One of the reasons is that they lack discipline and are unable to be consistent. A system can help you become consistent. Ironically, worrying about the monetary aspect of trading can contribute to and cause a trader to make trading errors. Therefore, it is important to only trade with true risk capital.
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