Laugh and get rich day? Hardly
Awful morning with a single trade and $160. Avoiding chop explained.
Its was a rather boring day today - but a good day to learn about chop. The first hour was in truth really dull. We managed to make out with $160 in a single trade, but honestly? Its was choppy. The video though shows exactly why Inteligex is great at keeping you out of choppy trades.
Why was the market so flat and awful? Because the President is now working out his policies. It takes time and right now the markets are a little confused. They are pausing before deciding which way to break.
We did get a couple of other trades away in the afternoon, but we don't count those towards our track record. The first trade was an ES trade and we exited with $187.50 after a really prolonged trade that never really got going. It was the best we could do and after this we literally got ZERO other trades on the ES.
And on the NQ - just a 2 contract trade for 12.75pts making $510 in total - a bit of a "hit and run" but it kind of made the whole day worthwhile. It hit at the same time as the ES trade above and again was the only trade we managed to make on the NQ all day.
Live trading track record @ 08 Feb 2021
European session: $0 (total)
First session US : +$160
60 trading days of consecutive profits.
208 winning trades, 8 losing, 4 break even.
Trading room profits since 4 Jan 2021:
+$19,442.50
Last 10 trades: WWWWWWWWWW
