Live Trading Room Results Today $400+ Per Contract
First Trading Day Of 2013 Exceeds Expectations For Emini Traders
The first trading day of 2013 the S&P500 Emini gapped open 19.25 points. Price spent the first 9 hours oscillating in a tight range around the 1446/1447 Weekly Trading Zone and then surged 10.75 points higher in afternoon trading to 1458 in less than an hour. The question now, will Asia and Europe continue the Wall Street rally, or use the opportunity to take profits?
Today's Live Trading Room Video Recap -
Our first trade out of the gate this morning was stopped out for a controlled loss. However, before the Live Trading Room closed at 11:30AM EST, we were positive on the day. This is a huge lesson in itself. Once you have a definable edge in the market, you must then develop the confidence to apply the edge every time the opportunity presents itself. This is more difficult than it sounds.