Latest Blog Posts
Today I traded NQ again. Most of the volatility and movement happened overnight with plenty of long and short opportunities. However, the morning cash session only had a ~25 point range so I scalped 2-4 points at the ends of the range and during rotations to lock in $505.
Markets rallied overnight thanks to Trump tweeting in hopes of a China deal soon. All my trades were long and finished within 30 minutes. Even though I missed the bullish move right at open, I was able to buy some dips in my zones to lock in a nice $901 gain.
After taking a break from the Small Account Challenge, I have decided that my time is best focused on working on passing another TST Combine so that I have the buying power to trade full-time, and reduce my emotions of using my own money. I see using the $3,000 from the Small Account Challenge as an investment in myself to instill long-term trading habits.
One of the best things you can do as you progress in your journey as a professional trader is to continually improve your technical and mental skills. Thanks to TRADEPRO Academy, I have discovered Sierra Chart’s Chart Replay feature which allows you replay intraday charts so that you can practice and/or back test a strategy.
So far it has been about a month since I started the Small Account Challenge, and I can happily say that I did not lose any money nor did I make any money. Well actually I’m up a whole $49.83, which isn’t bad at all considering the hard lessons I learned about my trading this month.
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.
