At the end of the day I just couldn’t stay out of the market. At this point in the morning it isn’t necessarily about making money its about how the market is moving. When we have this kind of momentum it would be foolish to avoid trading.
We are reviewing redeveloping the entire curriculum and expanding it out to assist more of our advanced and successful traders. I always watch the market even if I trade or not but there is a different kind of focus we need to have in order to be successful.
This was the difference for me over 10 years ago when I couldn’t find consistency.
I took two final trades which were both exceptional and decided to call the day after that.
One thing to consider about day trading futures is that it is all about points. The concept is to try and be as consistent as possible which is why we always assume 10 contracts. 10 contracts is the magic number that everyone strives to reach once they are trading live and consistently profitable everyday.
Whether we are trading one contract or 100 contracts the outcomes are the same. With 6.5 points that would equate to roughly $325 with one contract or around $3250 with 10 contracts.
Here is the second part of the live trading video:
Click here to see the complete list of Market Recaps
“I couldn’t help myself”….hehe. Nice trade!