The Small Account Challenge did start off great the first two days making almost $300. But the next 7-8 trading days resulted in a draw down that has my account sitting at $2,580 as you can see in the graph below.
The equity market is continuing to grind higher thanks to strong Q1 GDP numbers (3.2% actual where forecast was 2.2%) and strong earnings reports from major tech companies like Facebook, Amazon, Microsoft and even Twitter.
I decided to challenge myself and prove that you can trade futures and be successful with only $3,000 as long as you focus on stringently managing risk per your trading plan, staying disciplined and having realistic expectations.
In this video I’m going to break down how I made +147% return on my capital swing trading options on $STZ. Important points I cover include:
How I found $STZ.
Drawing support, resistance and trendlines on a naked chart.
Happy Easter! Enjoy this blessed day with your family and friends. I haven't started to search for any eggs that the Easter bunny most likely is hiding around my house. But plan on doing so right after I share this breakdown on what to watch for this week in the stock market.
Let's review the markets and plan ahead to continue crushing the month of April while everyone is out enjoying their Sunday Funday at the bars :). I’m going to take a look at /ES, /NQ, /YM, /RTY, /GC, /CL, $DXY, AAPL, BA, DIS, JPM and SQ.
So after completing the $30k combine to become a funded trader with TopstepTrader, I decided to make a video to give an honest review of the company, their trading combine, the Tradovate platform and what it takes to actually pass the combine.
Not the most traditional path to take in trading. However, if you’re someone that wants to pursue a career as a day trader, but are limited on time, or don’t have a lot of capital (less than $5,000) to start with then futures trading is a great fit for you. Of course trading futures can be riskier then trading stocks due to leverage from low margin requirements. But that’s why risk management should be your number one focus.
Let's review the markets and plan ahead to continue crushing the month of April while everyone is out enjoying their Sunday Funday at the bars :). I’m going to take a look at /ES, /NQ, /YM, /RTY, /GC, /CL, $DXY, AAPL, BA, DIS, JPM and SQ.
Good afternoon and happy Sunday Funday to everyone! This will be the first of many stock market reviews on my blog so I can keep you all informed each week on what is happening with the markets.
This past week was mostly a consolidation week with a little bit of selling due to the Turkish Lira taking a plunge. This same scenario happened in late 2018 causing the markets to sell a bit more violent. However the dip was bought both times. 2800 on /ES acted as strong daily support with Friday rallying into the close.
Tomorrow is April 1st so let’s start off this new month in spectacular fashion!