Latest Blog Posts
Man did a lot happen last week in the stock market albeit nothing positive for equities between UK's Prime Minister May resigning, US-China trade tensions growing stronger on Trump's call to ban all connections with the Chinese company Huawei, and crude oil selling off over 6%.
The CME (Chicago Mercantile Exchange) Group has launched the E-Micros this past week! So far the E-Micros are one of the most successful products launched by the CME with volume on the /MES reaching almost 400k contracts on Friday.
This week I hit my goal to make $500 with a 1 lot trading ES. I'm really stoked on achieving this goal even in the midst of all the volatility created by Trump tweets and US-China Trade talks! Goes to show you why managing your risk is the most important factor in trading profitably.
Last week I locked in over 30% on a swing trade on MAXR. I breakdown how I found MAXR, what I looked for before I entered the trade, and how I managed the trade up until I took profit.
This week I was able to make $253 between ES and CL bringing the account to around $2,830. As this video is being uploaded, I managed another $141 thanks to the gap down from Donald Trump announcing he is imposing a 25% tariff on China goods.
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.
