October 14, 2010

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.

    schooloftrade

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