Rainbows and Unicorns Traders!
Quick video talking about the longer term picture and some of the possibilities I see down the road and this week’s day trades on Friday. This extra volatility is great for stretching the profit targets, especially shorts lately. Had a few traders insinuate that I was a Buy The Dip trader, that’s funny shit! I like shorts a LOT more that longs, they seem to move faster and farther. My profits with my strategy favor the short side almost 2:1 per trade, so no BTD here, unless it happens to be calling for it… BTD isn’t a strategy, it’s a slogan so be careful what you try to project to someone else!
Anyway, had a couple of winners in the morning and called it a day. As always, note that when I talk points I always mean per contract for consistency so these would be scaled up when I trade, FYI. Sometimes I don’t make that clear so just wanted to clarify. I have evolved my strategy to the point to where I no longer scale in or out but am all in or all out, so scaling up contracts based on my risk profile is simple…
Hope you enjoy the video, and if so I always appreciate a share somewhere and a +1 where relevant. Takes a lot of time to put these together so I hope they’re useful to you...
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"Trader Joe" trades the Emini S&P exclusively and is the main influence behind EminEdge.com.
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