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Market Commentary 1-25-10
SchoolofTrade.com Daily Commentary 01-25-10
We opened our week today with another profitable day trading futures!
Today was Monday, we expected it to take a little longer to get moving this morning, just like everything on a Monday, we wait for people to get into work and get started for the week!
So we had to be patient…but not for long…
We saw Gold & Crude Oil Futures moving the most today, so we watched them closely and made a total of 6 trades, including 1 loss
• 1058 -4ticks
• 1145 +19ticks
So we made a good amount of money before 1030am est, gave back a little bit of it on a small loss, and then were able to focus on the very best opportunities and made back a good amount of that small loss.
TOTAL = 83 TICKS … $830USD….only 4 contracts!
At the end of the day we made a bunch of points, and we were very satisfied with these results, especially since we took that loss, and losses often times results in less confident trading, which can be difficult on a Monday.
Our mission was to get started on the right foot this week.
Mission…accomplished.
See you tomorrow @ 745am EST for the live trade room session!
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