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Start day trading without losses on gold, crude oil and Emini Russell futures
– How do I start my day without a losing trade?
o Every day I started with a big hole to dig out of.
o I was spending hours on market prep, getting 100% prepared for the day ahead, and then I would ignore that and take the first move the market gives me!
– When you’re looking for entry, and you say ‘looking for big sellers’ what do you mean?
o Watching my filtered time and sales window
o Looking for large orders below the point of entry
2 reasons for this
• Large sell orders will protect my short entry
• Large sell orders at these lows will spark the rest of the market to jump in short as well, so I get the benefit of the drop.
– Why do we miss our pending orders sometimes?
o If you use a limit order you have a price guarantee, but no FILL guarantee
– Different colors on the time and sales window
o Check out the advanced course for the tape properties at the top of download section.