Learn to Day-Trade the Emini S&P Futures

Emotions, Trading and SOH

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Learn to Day-Trade the Emini S&P and Euro Futures – live with a full-time trader.
This video is designed for educational purposes only and to show some of our trade plan setups to reinforce our daily trade plan review.
To Successful Trading,
Good evening traders, this is Brian with TraderShark.com, an educational website to learn how to trade the e-mini S&P, Euro and crude futures. Today is Tuesday, August 26th, 2014.
We’re excited to host an event with Rande Howell, the Emotions of Money and Loss in Trading. That will be taking place tomorrow at 4:30 PM Eastern Standard Time. Simply go to the website TraderShark.com, press the home tab, right there, it says Next Webinar – Guest. Click on that. We’ll see Rande’s bio and what he plans on talking about, and it’s a free presentation.
Now back to today, the market opened up here at 1997.75, represented by this white dotted line. We don’t trade generally from 9:30 to 9:45. We do have what’s called a pro-range reversal. I did not take it, it’s colored in yellow, but this was good for 4 ticks. There’s another opportunity for a pro-range reversal. Again, another trade that I did not take. Plus four and plus four, some of the traders in the room took advantage of that.
And then as we worked our way into the morning we had consumer confidence come out within consensus range, so it was really non-market moving event. Tried an opportunity to get short, did not get filled. Got into a pullback. Got our first target off. Got stopped off for minus 2 ticks.
As the market continued we had a nice little break above our range for a pull back. With the volume and the movement of the market today, keep your profit targets tight. So if you’re only able to get 2 ticks, 4 ticks, 6 ticks, be grateful. Take that and survive to take another trade. So in this case, I did have, I had actually 3 contracts and I only made 8 ticks on 3 contracts. Not anything to write home about, but it was a profitable trade nonetheless.
Then we get into what’s called our lunchtime trading zone from 11:30 to 1:15 Eastern Standard Time. There was a nice clean trade during lunchtime trading zone. You can also see how our momentum lined up to the downside. Coming out of the lunchtime trading zone, look at how tight that lunchtime trading zone was, there was little or no trading going on. We had an opportunity to get long. Again, two ticks per each contract, almost not even worth trading. And look at the difference from 1:15 until 3:50 and into the close, almost identical to yesterday afternoon.
To learn more about these and more advanced trade set-ups or to get a copy of the TraderShark trading manuals, please visit TraderShark.com.
Link to Video and Transcription
The information herein has been prepared solely for general information and educational purposes and is not an offer to buy or sell, or a solicitation of an offer to buy or sell the securities or financial products mentioned in the content, nor a recommendation to participate in any particular trading strategy. Please consult your broker for trading advice. All trading requires risking money in pursuit of future gain. Do not risk money you cannot afford to lose. Past performance is no guarantee of future performance. The instructor is not a broker or a licensed investment adviser and is therefore not licensed to give trading advice of any sort, nor make specific trading recommendations.