October 9, 2012
- in Uncategorized by schooloftrade
Range-bound markets make for BIG profits; +125ticks
This morning we identified range-bound markets in most of our favorite futures contracts, and we used a simple day trading strategy to capitalize on it for over 100 ticks of profit.
We began the day knowing that it was a Tuesday that felt like a Monday, and when we noticed there was almost zero news this morning we prepared mentally for a slow day in the markets. We all know the feeling of sitting at your desk, wondering how long you’ll need to wait to get the next high-percentage-trading opportunity, it’s very easy to force trades and put yourself in a losing position before the day really gets started. Bottom line, today we knew patience would be the key.
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Read the Complete Trade Room Recap HERE
