Bracket Orders/OCO and Low Volatility Trading
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- Опубліковано 24 вер 2024
- How to use the Bracket Order to Open trades using Stop-Loss, Target Price and Initial Trade Price.
✅ *BOOK* : The most Organized and Fast Way to Learn to Trade the Micros: Thousands of new Micro traders have used my book for a fast and organized tour of trading the Micros. You can see the Table-Of-Contents at the "look inside" tab on this page: bit.ly/daytrade... In paperback and eBook, free Prime shipping.
✅ CME Rollover Dates Calendar www.cmegroup.c...
👍You can be practicing in only 5 minutes.
✅ Here is a FREE TRADE SIMULATOR with no ads and that will keep your trade ledger for you. It is FREE for signing up (no credit card or personal info required) at the CME (Chicago Merc Exchange) at this link: bit.ly/TradeSi...
**FREE TRADING SIMULATOR**
Three Steps to Get Started Learning to Trade the Micros:
✅ BROKER: This is the exact same software I use on this channel. Free software. Free Data Feeds. Low Commissions. Free money transfers in/out of your bank. Very low commissions, no robot help lines, just real live smart people ready to help you.
✅Just fill out the account application, no deposit or credit card required - and you do not have to fund your account until you are ready. For account type select "The Works" - and you will have an account for trading the Micros. When your application is approved: Just fund your account and you are reading to begin trading real time.
✅Use the FREE TRADE SIMULATOR until your TastyWorks account is ready.
bit.ly/TradeSi...
✅ Fill out your TastyWorks application at this, my affiliate link: bit.ly/TastyBonus
today. In about two business days, you account should be ready (no funding required and if you change your mind, no fees or obligation whatsoever.
✅ Rule #1: bit.ly/RuleNum...
FREE Training Videos at BEGINNERS PLAYLIST:
✅ "BEGINNERS" PLAYLIST #1: • Day Trading Micros - I...
✅ "BEGINNER PLAYLIST #2: MACD WINNERS" • MACD Winners for Micro...
✅ Here's the video on GLOBEX, the hours plus the how and why: • Trading S&P500 on Glob...
✅ 100% Live Trade Playlist: bit.ly/LiveTra... Fill out the TW application and ask for "the works" so you will be able to Day Trade the Micros when you are ready. You do NOT fund the account, just get your application ready: bit.ly/TastyBonus
Welcome to the channel. You get 85+ free videos and if you join our more than 9000 subscribers, you'll be notified each week as new videos are posted.
✅ Subscribe Now: / @daytradingmicrofutures
Don A. Singletary teaches Micro E-Mini futures trading for S&P500, NASDAQ100, DJIA, and Russell 2000 indexes. This Day Trading channel teaches beginner futures traders with an introduction on trading strategies using easy-to-follow tactics with an emphasis on selecting for small accounts. Learn to practice trade before risking real cash and learn to identify lower risk trades. There is an emphasis on selecting day trading strategies using MACD, candlestick charts, scalping techniques and the use of stop loss orders to place live day trade orders for extra income.
Learning to trade the 1/10th size Micro Eminis can help investors learn how to protect capital while learning winning strategies for extra income, fun, and you gain a valuable skill set to day trading futures that you can use the rest of your life. Special Beginners Playlist with live trades for micro eminis will instruct and easy and fast way to learn to trade futures without all the get-rich-quick hype. Just real strategies that are inexpensive and explained step-by-step.
Welcome to the channel that quickly gathered over 10,000 subscribers quickly to learn these easy methods to learn day trading futures equity index futures. A high leverage and higher risk form of trading that can rival the excitement of the casino experience. This trading is not for everyone, not for retirement, college funds, or other more conservative type traders - but for those who can afford to allot some small segment of their funds to use in a higher risk / higher return method of day trading futures.
Thank You! Don I appreciate your videos they have helped so so much you are a GREAT! Teacher
You are very welcome
Thank you for changing my life Don
Well, you made my day. Thank you friend and good luck - Don
I consider myself fairly knowledgeable on futures and trading but the single most important thing I've learned from watching your videos: risk management...protect your account. Awesome video, as always!
Fernando, you understand the priorities and I think you will do very, very well and get better and better. All the best good luck to you. - Don
@@DayTradingMicroFutures I have been trading on and off for about about 5 years and I am finally beginning to see light at the end of the tunnel thanks to you and your videos. Happy to say that I just doubled my account in 2 weeks. Thanks again and keep those videos rolling.
@@SenhorFernandoEscobar Wow Fernando, that is very impressive. Outstanding. So spend the weekend counting your money :) Thank you and all great wishes to you and your family. - Don
Thank you
Good luck to you Wally.
Thank you Don.You make learning so easy.Great job,keep it up.👍👍👍
You are very welcome. I just finished a new video, will post it tonight. Thanks for the kind words. Good luck to you Lloyd- Don
I feel like I owe you money. I bought your book and watched all your videos. You've taught me well my friend. This channel is made me a better trader all around.
Glad to hear that Chris. Chet Atkins used to say all finger pickers owed him 'three dollars.' You bought my book, so I guess we are even now :) Thank you. - Don
✅ **BOOK** : The most Organized and Fast Way to Learn to Trade the Micros: Thousands of new Micro traders have used my book for a fast and organized tour of trading the Micros. You can see the Table-Of-Contents at the "look inside" tab on this page: bit.ly/daytrademicros In paperback and eBook, free Prime shipping.
Thanks!
You bet!
I always enjoy your videos. Do you spend a lot of time every day watching trades or do you rely on an alert system. I haven’t got hours to spend watching
candle sticks every day.
I only trade maybe parts of 3 days a week and usually 1 to 3 trades in a day. When someone emails me and tells me they are trading 5 to 15 times a day, I want to write back and remind them they aren't playing the slot machines. (Now, that is for ME, others have to make up their own mindand learn to understand what works for them.) I'm huge on learning better trade selection and (IMHO) trading 10 to 15 times a day seems excessive (from my own viewpoint.)
The view that day trading Micros is: Get a good formula, then just "rinse wash repeat" is something I never recommend. - Don
You could be a baseball announcer with that voice. But too bad you didnt talk about OCO which was the main reason I was interested in this video.
Hello John, re: Bracket... this video please: ua-cam.com/video/HMTt6gvzif0/v-deo.htmlsi=2En4rEThRfZ8vvuT
Also here's a link that tells all about TastyTrade Desktop platform (the one I use): You should probably spend some time reviewing topics on this page for the desktop platform.
BE sure and scroll down to see all the topics: bit.ly/TW_Help
The help desk number is : (888) 247-1963
Thank you Don! This was the perfect video I was looking for. Question on TW platform, when you placed your OT OCO we could see a red line for your stop, a blue line for your entry and a green line for your profit target. Did you place those on the video for teaching purposes, or do they actually show up that way on TW when you've placed a trade? I got approved for Futures on TW, but still learning so haven't done a trade yet. I actually think your videos have been more helpful than the TW videos on Futures. 🙂
Yes, I add the red and blue lines and label..to enhance the videos. and thanks for the kind words. Good luck to you. be careful with your money, this stuff is harder than it looks. - Don
The blue green and the red lines did you edit on top of this video or is it possible to have it on your tasty trades screen? TIA
They are just visal aids to make them more visible for the video. The marker line ARE there on TastyTrade and easily visible... I just put the red/blue lines on their to make the videos more easy to visualize. Thank you and good to hear from you.
I'd never thought of considering a low volatility environment as a low risk environment for trading before.
As you can see, we need every advantage we can find in this sort of trading. Volatility can work both ways; its sort of like the water temperature in the pool. -Don
Great video! Currently I only trade options but was thinking of trying micro E-mini. I know how premiums work for options but I have no clue about futures. For 1 contract of MES how much was the premium did you use? Ty in advance.
Greetings Jake: In futures trading, one puts up an amount of 'good faith' money called the 'margin.' (this has nothing to do with a margin account for stock trading, a common point of confusion.)
To cover some of the basics, you might wish to view portions of these two playlist that address your questions:
FREE Training Videos at BEGINNERS PLAYLIST:
✅ "BEGINNERS" PLAYLIST #1: ua-cam.com/play/PLv6Fasp51T9L99jOWgLdB2ZylXpzaXByo.html
✅ "BEGINNER PLAYLIST #2: MACD WINNERS" ua-cam.com/play/PLv6Fasp51T9JGVQCNmRaliEbIpzLQh0od.html
These "Micro E-Minis" are some of the most affordable way to trade futures.
Welcome to the channel explore it a bit and see if it's something to try. Good luck to you. - Don
Hi Don
Do you know what is the minimum balance on my tastyworks account to trade a micro future contract?
Thank you in advance and I appreciate everything I’ve learned from you ,specially your patience .
You can open a TW account and when applying choose "The Works." This will set you account up to trade anything. Minimum balance for that type account is $2k. I recommend $2.5 to $5k if you got it; this gives you a little foot-room as you learn to trade.
And please look at the text under my video; I'll copy it here for you. Good luck- Don
**SEE**
How to use the Bracket Order to Open trades using Stop-Loss, Target Price and Initial Trade Price.
✅ **BOOK** : The most Organized and Fast Way to Learn to Trade the Micros: Thousands of new Micro traders have used my book for a fast and organized tour of trading the Micros. You can see the Table-Of-Contents at the "look inside" tab on this page: bit.ly/daytrademicros In paperback and eBook, free Prime shipping.
✅ CME Rollover Dates Calendar www.cmegroup.com/trading/equity-index/rolldates.html
👍You can be practicing in only 5 minutes.
✅ Here is a FREE TRADE SIMULATOR with no ads and that will keep your trade ledger for you. It is FREE for signing up (no credit card or personal info required) at the CME (Chicago Merc Exchange) at this link: bit.ly/TradeSimulatorFREE
***FREE TRADING SIMULATOR***
Three Steps to Get Started Learning to Trade the Micros:
✅ BROKER: This is the exact same software I use on this channel. Free software. Free Data Feeds. Low Commissions. Free money transfers in/out of your bank. Very low commissions, no robot help lines, just real live smart people ready to help you.
✅Just fill out the account application, no deposit or credit card required - and you do not have to fund your account until you are ready. For account type select "The Works" - and you will have an account for trading the Micros. When your application is approved: Just fund your account and you are reading to begin trading real time.
✅Use the FREE TRADE SIMULATOR until your TastyWorks account is ready.
bit.ly/TradeSimulatorFREE
✅ Fill out your TastyWorks application at this, my affiliate link: bit.ly/2ZUYjtS today. In about two business days, you account should be ready (no funding required and if you change your mind, no fees or obligation whatsoever.
✅ Rule #1: bit.ly/RuleNumber1
✅Using Stop Loss to Create "Free" Trades. ua-cam.com/video/pUvrBM9j5t0/v-deo.html
FREE Training Videos at BEGINNERS PLAYLIST:
✅ "BEGINNERS" PLAYLIST #1: ua-cam.com/play/PLv6Fasp51T9L99jOWgLdB2ZylXpzaXByo.html
✅ "BEGINNER PLAYLIST #2: MACD WINNERS" ua-cam.com/play/PLv6Fasp51T9JGVQCNmRaliEbIpzLQh0od.html
✅ Here's the video on GLOBEX, the hours plus the how and why: ua-cam.com/video/5fV_EFRuwDg/v-deo.html
✅ 100% Live Trade Playlist: bit.ly/LiveTradePlaylist Fill out the TW application and ask for "the works" so you will be able to Day Trade the Micros when you are ready. You do NOT fund the account, just get your application ready: bit.ly/2ZUYjtS
Welcome to the channel. You get 85+ free videos and if you join our more than 9000 subscribers, you'll be notified each week as new videos are posted.
✅ Subscribe Now: ua-cam.com/channels/3WzyRqTuFn2iBjBPu-D6HA.html
Also, I've heard that trading Futures is better on taxes than trading stocks or options. Still looking into that but wanted to know if you found that to be the case.
I hope you make so much money, you a big tax problems. ha. Sorry, I don't discuss taxes. I'll just stay in my lane on that one. thanks- Don
When you drag your stop down using the left mouse button and release the button to set a new stop loss, is that a new trade that generates a broker commission? Or, is the commission generated when you open the trade and you can only lose or make money when the trade stops out?
Using TastyTrade (and most other brokers), there is zero cost to change an order. Commission only apply when there is a 'buy' or 'sell' executed. For example if you place an order, there is no charge unless the order is filled. No charge to change an order. When in doubt, merely phone your broker - they will be glad to help.
BTW: For all who read this post: When y ou are new and learning, it is very common to have many questions. Anytime you have a question about trading that involves your money in your trading account, or to ask about charges, etc... One should always call your broker and not rely on what others tell you (even though people mean well, you should always consult your broker for a firm answer.) Misunderstandings are avoided this way. (not all brokers have the same policies, etc.) So to be sure, contact your broker is the best thing to do.
If you'd like to learn the basics and more to trade the Micros, please consider my book on Amazon; you can see the table of contents and read over 500 five-star reviews at this link:
bit.ly/daytrademicros
Subscribing to the channel is free, There are over 170 videos to help you learn to trade the micros - all 100% FREE. Here's the link: bit.ly/3mTTMTn
Welcome to the channel and good luck to you- Don
@@DayTradingMicroFutures Thanks Don. I've bought your book and read three times. I pick-up something "new" each time I read it that I didn't remember the previous times I read it.
I appreciate all your videos and I watch them several times each.
Don, click and drag the stop or target only for real trade? or do they allow to practice trade?
*How to Start:* Just fill out the account application at this link bit.ly/TW-Link *No deposit or credit card required - and you do not have to fund your account until you are ready.* PLUS, even though you cannot trade until you fund, you can still operate the software and check it out. I think you'll like it. For account type select "The Works" - and you will have an account for trading the Micros. When your application is approved: Just fund your account whenever you are ready to begin trading real time and you'll be good to go.
A COMMENT: You can start with less at some of the other brokers - but it is really tough to start with just a few hundred because if you have a few losing trades, you have to stop until you make another deposit. Something in the $3k to $5k range is a good starting amount and is a better experience.
The CME has a free, no deposit, zero cost trade simulation program you can practice with while you get the basics down: www.cmegroup.com/education/practice/about-the-trading-simulator.html This simulator is free and work well.
Welcome to the channel - Don
I appreciate your videos and they have helped. Been trading for awhile so this question makes me sound a little ignorant. I have won quite a few trades doing the micro mini's doing bracket trades, lost a few simply because I could not move my stop like you do with your mouse. Many of my trades could of been $0 cost or a small profit. Not sure what I am doing wrong, even changed mouse and reached out to Tasty Trade. They told me to trade in the Grid and make a limit order then I should be able to move my stop around on the chart. Did not work. Advice if possible. I do like the micro minis
If you have my book email me at the address in there. (I can send you pictures in an email but not here in this text only box).
In the meanwhile, try removing TW program entirely from your desktop, and then download again and re-install-- and see if the click 'n drag mouse works better.
Also try phoning TW help on the phone (888) 247-1963 and tell them your click n drag for stops on the chart screen isn't working and you need help getting it going and that you want it to work on the CHART not on the Grid trading. Tell them you know it works because you see it in my videos. Get back to me and let me know if you get the results you want. send that email to me and put "Stephen Thrower Stop Loss Mouse" in the subject line so I'll recognize you. thanks - Don
Had same problem so I called tasty works. You have to left click it once to highlight it, then left click it again and it will move. Hope that helps.
Where can I get a list of month codes for these micros? I believe right now is N
bit.ly/HelpTWorks
I want to open an account with the test trade brokerage how to do that
✅ Join our 20k+ subscribers FREE & *Get notified when new trade videos are posted* Subscribe Now at this link bit.ly/3mTTMTn
*Free Trade Simulator*
👍You can be practicing in only 5 minutes.
✅ Here is a FREE TRADE SIMULATOR with no ads and that will keep your trade ledger for you. It is FREE for signing up (no credit card or personal info required) at the CME (Chicago Merc Exchange) at this link: bit.ly/TradeSimulatorFREE
✅ Join our 20k+ subscribers FREE & Get notified when new trade videos are posted each week: Subscribe Now at this link bit.ly/3mTTMTn
✅ **BOOK** : Over 500 FIVE-STAR Reviews - Join thousands who have use this book to get a fast start: *Check out the Amazon listing* (free Prime shipping) at this link: bit.ly/daytrademicros
🎥 *Avoid the two worse mistakes in Micro E-Mini Trading* ua-cam.com/video/9GIfxs27H3c/v-deo.html
FREE Training Videos at BEGINNERS PLAYLIST:
✅ "BEGINNERS" PLAYLIST #1: ua-cam.com/play/PLv6Fasp51T9L99jOWgLdB2ZylXpzaXByo.html
✅ "BEGINNER PLAYLIST #2: MACD WINNERS" ua-cam.com/play/PLv6Fasp51T9JGVQCNmRaliEbIpzLQh0od.html
✅ How to Configure Trade Screen and How to Use BRACKET/OCO Orders
bit.ly/BracketScreenSetup
✅ *NEW* LIVE TRADES PLAYLIST #3: bit.ly/PlayListNumber3
**Must See** ✅ Rule #1: bit.ly/RuleNumber1
Great trade Don. Good explanation on how you were able to trail that bracket order so close because of the low volatility.
Glad it was helpful! Good to hear from you Bob. Thank you. - Don
Great trade Don! What I really appreciate about your channel is the way you vocalise your thought process, it is such an aid in the learning process! Especially when it comes to trade management and the most important … capital preservation. Greatly appreciated, and kind regards as always. ('Tastyworks' and the CME simulator is the way to go)
Thank you, Shaun. Very nice, indeed. Best wishes to you and yours. - Don
Great trade! And thanks for the rollover reminder.
You bet! thanks - Don
Thank you Don! This is super informative and i really like you teaching style :) Could you please make a video tutorial on how to put orders in on the CME simulation trading?
After you log in to the CME trade simulator, look to just below the chart's bottom right side corner for the tab "User Guide"... everything you need will be there to learn it quickly. Good luck to you - Don
Great video, as always. I have a question. Is it possible to place more than 1 trade at a time? Say one on the micro s & p and one on the micro nasdaq at the same time. Since the markets mirror each other most of the time, is this a viable strategy?
Oh, yes. You can trade multiple trades and you can also 'pairs' trade and use any ratios you want in pairing them, or none-- your choice. - Don
Another excellent video. Thanks Don
Thanks again Mr. Nathan. Good luck to you. - Don
did you take another short after lunch? thanks
No, I didn't but only because I don't trade all day every day, my schedule varies greatly. Often when I have one or two good trades in a day I choose to just enjoy it and trade more on another day. I do tend to check on the Micros again during any day at random - and unless I see 'an offer too good to refuse, I move on quickly.
These types of choices vary widely from person to person. There is a tendency for some traders, right after a good trade to 'run back into the fire' quickly and give half or more of the profits back. However any individual chooses to do it is always up to them of course --- but I find that protecting one's confidence can be just as important as protecting one's account balance. Over-trading is at the top of the list of 'things to avoid' when day trading.
It seems to be that (for many) they trade like they are sitting at a slot-machine and are ready to trade again with hopes of getting a good turn of events---- and hope, of course, is not a strategy. Over-trading is effectively, just practicing the wrong thing over and over and is usually just not helpful to one's learning curve.
The plan should be to enter all trades with the goal of one of two outcomes: To either make a profit, or just lose a small amount on it. Achieving this outcome depends directly on one's trade selections more than anything else.
You might try keeping track of what percentage of your trades either make money, break even, or do not lose more than a certain amount (example: $20.) As that percentage goes UP, so goes your progress.
Good luck to you - Don
@@DayTradingMicroFutures this was very helpful because i always want to look @ what i could have made. thank you Don you are the most honest and sincere person i ever seen discussing trading futures
I get into a trade but trying to hold a tight stop it tends to bounce back up and stop out then move down. almost like have to either get into the trade sooner, or have wider stops.
Hey Blastman. This is something you need to work out using a trade simulator (links to a free one are in the text under my videos.) Over trading and lack of discrimination in choosing trades will be key to your answer. It is almost impossible for me to personalize an answer for you--- all traders are so different. If you are trying to find the 'magic formula' that will eliminate the problems you described, I must tell you the answer will not be on the chart with technical indicators but between your ears and how you select and manage your trades. What works for one person does not necessarily work for everyone of course. - Don
$250/hr...nice paycheck... By the way Don, is rollover day normally a low volatility day?
Thanks Larry. No, not really. Just form a habit of being mindful of volatility before enterings a trade. Volatility is not so much a friend or enemy, it is just something we deal with and reading it, as you learn to do more quickly over time and practice, is an important factor in considering how close we might be able to run an effective stop loss order.
Also being mindful of the 'cost of continuing' the trade (how much of your unrealized gains are you willing to bet that the trend will continue in the minutes ahead.) Good stop-loss management is learning to think this way. Will you make some mistakes as you get better at it? Sure, that's normal, but it is easier to make a mistake that puts money in to your account, than one that doesn't.
Good luck to you - Don