Moshi moshi traders!
Quick week in review video addressing a question from a follower regarding the trades I took. Had a nice week, no losing trades for the strategy though I suppose some could argue there was more to be had. Well, always more to learn.
Anyway, hope you had a great trading week.
What's the dizzle Traders!
Apologies that I haven't done a video for a few weeks, been busy doing a bit of work on morphing the EminiEdge Trading Strategy to slant more objective than subjective. Anyone who has followed me for very long knows this is an ongoing goal of mine and I was able to take it one step closer. Interesting how advancements come in "spurts" for me. I think my mind just needs some time to percolate before I can put proverbial pen to paper. Anyway, made a few strides forward again that I talk about a bit in the video and this allowed me to take an objective look at my trades and verify my setups and execution, and I realized that I take a lot more short trades than long, even in this "... Just buy the dip, what are you stupid?" market run. Well, it works for me so to each their own. I guess that makes me "stupid" according to the trolls, "stupid is what stupid does..."
Anyway, show the last couple of days entries for me, of course shorts for ol' Trader Gump. Funny how those that berate anyone even dumb enough to consider shorts don't show their trades real time... or their equity curve. : ) Some things never change.
Hope you had a good trading week!
Had a decent trade early into the day, and good thing, that's all there was for me was the one. Seems like the days of "over trading" are behind me, or at least on-hold. Good riddance. This little trade shows the outline of how I take trades, what I'm thinking and why. It's good to look back at what you've done and critique your trading even though sometimes it's tough, especially after a loss. Sometimes the trades aren't as smooth as this one as the market is ever changing, but the nuances are similar time after time...
Anyway, hope you enjoy the video and if it is useful to you I really appreciate a share on one of the side buttons on the site...
Pip Pip Traders,
Wild moves today in stark contrast to yesterdays flop fest. These moves are tailored to whack the retail trader who is buying every little dip or selling every little bounce and tapping the stop right above/below the last pivot. Remember that your plan needs to be able to accommodate these types of swings and still let you survive long term, even though it might seem like the market floating around like some little snowflake is now the norm.
Anyway, had a nice trade today and got whacked on one, and included the setups from yesterday as well. Had a real time trade from yesterday recorded and ended up botching it so gave up... sorry about that. I am always squeamish posting the real time trades anyway as somehow it feels like I'm bragging or something and that's not my intent. I post these so the followers can see what I do sometimes as I know it can be confusing stuff and it helps to see what others are thinking when trading. If these are helpful to you, please click the share buttons on the side of the site. That is all the thanks I need to keep doing these!
Decided to do something a little different since the action today didn't offer up any entries. In this video I walk through last weeks setups, entries and follow-through (sound familiar?) during my normal trading day (first couple of hours). It's so important to follow your plan while trading and that is only possible if you trust your plan. No "figuring out" how to trade while you trade (B.S. Trading) and that's only possible if you believe your plan. I had a comment the other day asking "...what if the stops move to here... and after the bar does this and wait for this then..." good gravy. Not sure why we're inclined to make things so complicated, maybe we're so used to seeing plans that are incredibly complex and we are conditioned to think that's the only way they work. Sorry, doesn't do it for me. As my plan evolves it gets simpler, not more complicated and it makes it easy for me to follow, or like today, sit on the sidelines.
Anyway, hope you had a great trading day, and if this is useful to you I always appreciate the share!
Slow ugly days seem to be becoming more the rule rather than the exception. For the record, don't like it. Pulled the 4 points/cntrct out of the move but taking too long IMHO. Still amazes me how I can ALMOST get suckered into not trading my plan...
PS. As always, if this is useful to you, appreciate the share...
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"Trader Joe" trades the Emini S&P exclusively and is the main influence behind EminEdge.com.
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