This is what the FOMC statements used to do, bring back the volume and volatility in the market. Many traders as soon as a year ago used to trade the afternoon session during the FOMC statement. The markets have been in a lull for the better part of eight months. The United States and most of the global economy has been stagnant since the initial crisis of 2001. After the additional crisis in 2008 things got even worse and we haven’t officially […]
Market Recaps
Day Trading From 15,000 Feet With Gogo Inflight Internet (Feb 20th Recap)
If anyone would have told us that day trading was possible from a plane at 15,000 feet it would have been assumed impossible. Then again if someone told me I would be day trading and traveling around the world they would be presumed fanatical as well. It would be easy to fathom having problems finding reliable Internet in places like Somaliland and Ethiopia (mostly Ethiopia from our experience). Africa would be the last frontier for reliable Internet access outside of North Korea […]
Feb 13th Recap: Over $2,000 – Sushi in NYC is Amazing Edition
If there’s one thing that I miss about day trading in India it was eating food. When it was time to eat we were always concerned about getting sick afterwards (read our day trading & India travel blog) There is no nice way to say this but it is not an exaggeration. I tossed out my food (from both ends) more in the two months in India than I have in the last 15 years. I know what you are thinking and […]
Feb 11th Recap: Over $2,000 – Knowing When To Quit
Sometimes we win some and other times we lose some. The market started off beautifully on Monday with two nice winners. Considering that the market was moving very well it was decided to continue trading. The wrong decision in a week where the volume would begin to slow. It was unusual to see the market moving so well first thing in the morning lately. We have been seeing unusual behavior in the Emini S&P 500 for the first hour or two of […]
Feb 8th Recap: $2,000 Available – NYC Blizzard Edition
Last but not least is the final recap for the first full week of February. The week was truly a tale of extremes. Something that comes very familiar from visiting India and living in the country for just over two months. Friday brought about the blizzard of the century and aside from being the end of the week it seems as if the blizzard is what took the volume of the market. The blizzard did not end up being that bad in […]
Feb 7th Recap: Over $7,000 Available – The Tale of the Pro Trades
It has been nothing but extremes in the first full week of February. From a $8,000 day on Monday followed by a $1,125 on Tuesday and now a $7,000 day on the 7th. While those numbers sound fantastic we don’t think of the market in terms of dollars and cents. Those people that trade with and for the DTA Trading Army think in terms of points and ticks. The concept here is to understand that the ultimate focus is to make the […]
Feb 6th Recap: Over $1125 – Moving Day!
It is moving day! After a 22 hour journey from the extremes of India we have finally arrived in one of the financial capital of the world, New York City. It’s been a unique few years being able to day trade from exotic locations like Brazil, Colombia, India, and even Argentina. We were able to day trade from London when we hosted our first day trading retreat (seminar). We are now at one of the largest and iconic financial centers in the […]
February 4th Recap: Over $8,000 – Last Day In India Edition
At last the market recap for February 4th. It has been quite a busy week with our move from India to the United States. We will be spending the next few weeks in New York City attending the traders Expo at the Marriot Marquis near Times Square. It was my last day in India and it was a bittersweet ending. Normally when we start living overseas we immediately procure an apartment. Due to the inconsistencies of service, mainly internet and electricity, it […]
17+ Point Day ($8,000+): The Last Hoorah
Don’t have enough time to do a full write up and video for the recap today but I wanted to share the chart. This is the primary thing that we try to do at the Day Trading Academy is to identify market movements and capitalize when the market is moving well. There were two fundamental movements to identify today that indicated the trend to the downside was going to occur. By being able to identify it we just ride the wave so to […]
Jan 30th Recap: Over $3,300 Available (Taj Mahal Countdown Edition)
One of the things that was always in the back of our minds is how we were going to balance day trading & traveling. If it wasn’t for the likes of Paul and the other students we wouldn’t be able to continue living the lifestyle of traveling around the world day trading. This was the first thought since we posted the very first market recap on the site. We share this because starting last week we have had nothing but students run […]