EminiEdge.com
  • Emini Trading Plan
  • Trading Indicators
  • Trading Blog
  • Emini Futures
  • Pricing

emini trading blog

Trading Your Plan

10/30/2018

0 Comments

 
Picture
Hello Traders,

​Thought I'd drop a few small updates in between some of the bigger posts just to let followers of what I'm thinking or doing while trading.  Had a fantastic day yesterday, but today hit my loss limit for the day early and my risk management plan says stop.  Just got whipsawed early, out of sync a bit.  Doesn't happen that often but it does happen.  Of course being a trader I couldn't look away and sat on my hands and let the next 3 trades go by (winners) but, still followed my plan.  Stings, but it happens. Got a little Miffed?  Yep.  That being said, is it better to change my plan because I had a couple of losers in a row? Absolutely not.  Past trade results should not change how you trade the next trade.  They all stand on their own.  Can I adapt and make my plan better based on this information? Maybe.  Look for the positive and apply what I can for the next day and move on.  That's trading... Just talking with a trading colleague saying that that's one of the hardest things in trading is taking losses but its all part of trading if you're following your plan.  I'm a reactive person by nature (remember my background is engineering) who likes to solve things immediately, so in the past losing trades would make me trade MORE in an effort to make back anything I lost.  There's an excepted term for this: Revenge Trading, and boy was I going to show that market.  Ha!  Sometimes it would work, most of the time the hole dug was deeper... and I vowed at the time not to do that again.   A while ago I reached the point where I can actually do this.  Not an easy task.  My advice is if you find yourself in this place, work to solve it sooner rather than later, you'll be MUCH better off.  Even though the losses sting you'll live to trade another day. -Trader Joe
0 Comments

Emini Trading Setups and Review

10/13/2018

0 Comments

 
​Good Day Traders!
 
Hope you all had a great week of trading!  Quick video reviewing what I’m seeing in the longer term charts with the recent volatility and shorter term day trading setups over the last couple of days.  I’m not a big fan of posting trades setups but followers always ask for these so here ya go…
 Volatility is screamin'...  Be really careful as it is easy to get chopped up by putting stops close, or even normal position.  If you're building on a smaller account, may want to sit aside or paper-trade for a while and keep your account intact. With this volatility It's nice when the action goes in your direction as is really moves, but when it doesn't you not only can get whacked, you can also be the victim of huge slippage.  Had a couple of stops this week that were slipped a few of ticks, but I've had in the past where I got slipped 3 or 4 points, yes, points, not ticks.  To say the least it sucks, just trying to save you some pain.  Tradestation increased the daytrading margins way up in the last few days so be sure to watch your margin as well.  Don't want to get your account locked because you missed a margin change.
 
Heck of a week, expecting more of the same to come…
 
Good Trades!
Trader Joe
0 Comments

    Emini Trading Blog​

    Want to know when there's a new post?
    Finding emini trading articles blog
    EminiEdge doesn't spam
     See Privacy Policy

    Categories

    All
    Choppy Action
    Drawdowns
    FOMC
    Reading HeatMap
    Reading Pros And Ams
    Reversals
    Rollover
    Setups
    Trends

    Author

    "Trader Joe" trades the Emini S&P exclusively and is the main influence behind EminEdge.com.  

    More About joe

    Archives

    March 2020
    February 2020
    October 2019
    August 2019
    July 2019
    April 2019
    March 2019
    January 2019
    December 2018
    November 2018
    October 2018
    September 2018
    August 2018
    July 2018
    June 2018
    May 2018
    April 2018
    March 2018
    February 2018
    January 2018
    December 2017
    November 2017
    October 2017
    September 2017
    August 2017
    July 2017
    June 2017
    May 2017
    April 2017
    March 2017
    February 2017
    January 2017
    December 2016
    November 2016
    October 2016
    September 2016
    August 2016
    July 2016
    June 2016
    May 2016
    April 2016
    March 2016
    February 2016
    January 2016
    December 2015
    November 2015
    October 2015
    September 2015
    August 2015
    July 2015
    June 2015
    May 2015

    Older Archives - Log In

    Training Pricing >>

    Follow Emini Edge Trading

    Tweets by @EminiEdge
    StockTwits
    EminiEdge Trading Commodoties Charts
    How to Trade Emini Futures

Home

About Joe

Trading FAQ

Sign-Up

Contact

Legal

Copyright © 2020
  • Emini Trading Plan
  • Trading Indicators
  • Trading Blog
  • Emini Futures
  • Pricing