This was another odd day in the US markets. In European time we only managed a single trade and it was for a paltry $30. The markets were so choppy ahead of President Bidens economic announcements that they were close to impossible to trade. One thing we know is if one of our high probability trades doesn't get moving... its time to take your chips off the table. We teach you how to trade with specific money management rules. They kicked in and we exit.
Nothing changed when the US markets opened. Choppy and with seriously hard to find entry points, we initially had a losing trade for $120 when an NQ long trade pulled back on us at high speed. Our 4th losing trade in seven weeks - but as we all know losing trades are part of the game.
This takes our winning percentage since November 2020 to 96% for the live trading sessions. We're happy and this is slightly above our long term average, but it is still very pleasing. It is also pleasing to see that our members (even the new ones) are seeing consistent green on their screens!
You've simply got to love the results of high probability trading.
European session: +$30
First hours US trading :
-$120
,
+$120 , +$100, +$125, +$100
47 trading days of consecutive profits.
157 winning trades, 4 losing, 2 break even.
Trading room profits 2021: +$6382.50
Last 10 trades: WWWWWWLWWW
In addition to these results we traded on our own "outside hours" account - which we do not count towards this track record.
We had a fantastic reversal trade just after the first hour which we detail below. As we only show live trades as part of our record, we will not be counting this trade towards our track record. Unlike others, this is a no BS record.
This trade is a trade we teach advanced traders. You can learn this on micros if you don't have a large account.
But when you understand the trade (which you will and very quickly) the trade turns from a $200 YM micro trade to a $2000 YM full contract trade in a trice.
We made $1947.50 in 25 minutes.