Day Trading Micro E-Minis: The #1 Video Micro E-Mini Trading Video for 2022
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- Опубліковано 24 вер 2024
- This video is the #1 pick by viewers for 2022 to Day Trade the Micros
✅ *BOOK* : Over 400 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/daytrade...
✅ Bracket/OCO How to place these orders to trade: • How to Daytrade NASDAQ...
✅ *BROKER*
*Like the TastyTrade (formerly TastyWorks): "See It, Click It, Trade It" and the Click 'n drag Mouse?*
Here's how to use the same software you see in videos here on the channel: 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.
Here's my affiliate link to take you to the application, so I can get credit for the referral and thank you: link: bit.ly/TastyBonus
today.
✅ Get notified when new trade videos are posted each week: 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/TradeSi...
Three Steps to Get Started Learning to Trade the Micros:
✅ BROKER: Trade With the Same Screen you see in the videos: 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 TastyTrade-- (formerly TastyWorks) --account is ready.
bit.ly/TradeSi...
*Must See* ✅ Rule #1: bit.ly/RuleNum...
✅ NEW LIVE TRADES PLAYLIST #3: bit.ly/PlayLis...
FREE Training Videos at BEGINNERS PLAYLIST:
✅ "BEGINNERS" PLAYLIST #1: • Day Trading Micros - I...
✅ "BEGINNER PLAYLIST #2: MACD WINNERS" • MACD Winners for Micro...
Veteran trader 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. How to practice trade small, then scale up. 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.
Futures Trading for Beginners:
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.
I've been trading for 3 years now and have finally begun to understand it's not my chart setup, it's not the volatility, it's not the Fed, it's not the algos, it's the voice in my head that starts up as soon as I enter a trade. Great video Don. Thank you for all the truthful help.
hello JH, WELL SAID!!! I'm gonna use that line for sure. ha. thank you and good luck.
Here's a video that brushes that subject.
ua-cam.com/video/8DPAyOP_L2M/v-deo.html
You got it. The answer is not in the MACD. It is between your ears. Check out people who talk about psychology. Alexander Elder, Mark Douglas, and especially Jason Alan Jankovsky. Good Luck!
that's exactly it, @floridamoney.
Finally someone on UA-cam not forcing their master class down your throat!
You also asked about cost, which I will address here.
Yes, this is risky type of trading and has a learning curve with it.
Take a look at the links below and see if you wish to give it a go:
Here's a few links that might have answer to help out:
The Beginners' playlist will go over the basic and terms for you:
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
This list has my most recent trading videos:
✅ *NEW* LIVE TRADES PLAYLIST #3: bit.ly/PlayListNumber3
And here's what keep the channel with over 160+ videos free for all. You can check the Amazon link and see the table of contents there to see if it might help:
✅ **BOOK** : Over 425 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
good luck and welcome to the channel. - Don
DON! I just found your channel after about two years into my trading and learning journey. You are the only person who helps calm down the mental processes, relax, make good decisions, and have fun. I could just listen to you discuss your trades all day. Great vibe, great lessons. Thank you!
Wow, thank you Brian. Here's a video you might find helpful. It about gaining confidence in trading: ua-cam.com/video/8DPAyOP_L2M/v-deo.html
And check out the table of contents of my book at this link:
✅ **BOOK** : Over 400 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
Good luck to you and welcome to the channel - Don
I 100% agree, wish I would have found this channel 2500 dollars ago.
Once you trade enough you don't think at all about the profits you didn't take. After like 10,000 trades you never really think about the profit/loss numbers and instead are just focused on making the best trade you can. The emotions are just gone because you've cut so many loses and given so much back to the market it no longer effects you. A bad trade still frustrates me. I had a $60 loss today and I still can't believe how bad a trade it was. A tiny amount. I've swing traded a lot and so taking a $1-4k loss every few weeks was just something I had to get used to. But bad trades still make me emotional and tell me it is time for a break. I always stop trading after my first loss of the day. If that happens to be the first trade that is ok. That simple strategy has served me well to reset my mind and look for better setups.
Thanks Greg. It is good that many of the new traders hear these things. The hardest thing I think for many new traders is to 'unlearn' what they thought was true. Not doing so can be very expensive and frustrating. It is a difficult path for many traders to learn that it's all about trade selection and risk management. Traders resist the very counter-intuitive task of learning to rid themselves of optimism and persistance and then move forward in the task of learning to trade.
On 'trade selection': Pretend you live in the Alaskan outback, you eat only what you kill and you only get 3 bullets per week. Trade selection is everything, hoping to find a formula to use (think, rinse, wash and repeat) is futile. Learning to make friends with uncertainty is not an easy task.
Good luck to you and thank you for your comments. - Don
BTW, it was $6500 I spent on the secret sauce. Not a complete loss though since indirectly, it led me to coming across your trading videos.
It was $5k for me about 30 years ago. The guy that sold the system made over $3 million dollars and when the CFTC prosecuted him for using made up trades to sell his 'system' they fined him $150k. Crazy huh!
Good replay of a great trade with all the fixin’s! Many thanks for being a rock solid teacher, as good as it gets. ✌️❤️
Thank you kindly Francis. Very glad to hear from you. All the best to you and yours. -Don
Incredible video Don. Thanks for the education. I am reading your book again. I am new and this stuff is tuff for a newbie, but I am slowly picking it up. I have gone very slow in my trading, but I think it is paying off. I don't suffer from FOMO because I know there is always another opportunity. The psychology is very real. Thanks again for helping me. I look forward to more great stuff.
You'll do fine. This isn't rocket science :)
Don, found your channel today and also ordered your book from Amazon. Great video. It's the third one I've watched. Looking forward to viewing your other one's. You seem like a great instructor. Thank you!
Welcome aboard Cap!
Here's a list of my most recent videos. Hope you find some things you can use. Thank you for your support and good luck. - Don
✅ Most recent videos with Live trades: bit.ly/PlayListNumber3
✅ Bracket/OCO How to place these orders to trade: ua-cam.com/video/HMTt6gvzif0/v-deo.html
✅ **BROKER**
**Like the TastyTrade "See It, Click It, Trade It" and the Click 'n drag Mouse?**
Here's how to use the same software you see in videos here on the channel: 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. Fill out your TastyWorks application at this, my affiliate link: bit.ly/2ZUYjtS today.
✅ Join our 20k subscribers FREE & Get notified when new trade videos are posted each week: 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
What a ride.. Excellent job.
Thank you so much Johnathan and welcome to the channel. Very nice to hear from you. Here's a few links to help explore the channel. Enjoy your weekend. - Don
Those who search for a 'formula' of indicators that a trader can use as though 'rinse, wash, and repeat' ---- are wasting time. They mistakenly think that removing all thinking, creativity, and emotion from trading is the goal - and in doing so are creating their own failure which they take with them with each new day. Practice and consistency are important as you learn.
*Links to explore the channel:*
🎥 *Avoid the two worse mistakes in Micro E-Mini Trading* ua-cam.com/video/9GIfxs27H3c/v-deo.html
✅ *NEW* LIVE TRADES PLAYLIST #3: bit.ly/PlayListNumber3
**Must See** ✅ Rule #1: bit.ly/RuleNumber1
*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
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
✅ **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
Excellent video again Don - thanks for replaying a really good one. Take care.
Thanks again!
He's right. I've come very close to paying a lot of dough for a trading system. Something kept telling me to study on my own. I'm glad I did.
Thank you for letting everyone know that work is what brings success, not a rinse, wash, repeat system. Good luck to you. - Don
Exactly as you said, you never know what’s going to happen next that is why you should always protect yourself by taking the pampers on yourself man , to make sure you’re protected, yeah never know what can happen
So true. Good luck to you - Don
No such thing as a bad rewind when learning from your videos, have great day Don
Yo Big Dave! Many thanks - Don
Don, today I made $1600 with your help. you have made my day trading so simple. I did a reset and started with small positions sizes and after I built consistency I just sized up and changed near nothing. Thank you very much
Nice work! You have done all the work well it seems. Good luck to you - Don
thanks for explaining in a simple manner
Glad it was helpful! Welcome to the channel.
Here's a few links to help you explore the channel cheers!
🚩 Locking in Unrealized Gains: ua-cam.com/video/j-oN1oQ9sHc/v-deo.html
🎥 *Avoid the two worse mistakes in Micro E-Mini Trading* ua-cam.com/video/9GIfxs27H3c/v-deo.html
✅ *NEW* LIVE TRADES PLAYLIST #3: bit.ly/PlayListNumber3
**Must See** ✅ Rule #1: bit.ly/RuleNumber1
*Free Trade Simulator*
✅ **BOOK** : Over 550 FIVE-STAR Reviews - Join thousands who have use this book to get a fast start: *Check out the Amazon listing* (free Prime shipping) and read the book reviews and see the Table of Contents at this link: bit.ly/daytrademicros
I took a futures course from a very successful trader who was loathe to move his stop up; he always encouraged leaving a very wide stoo and didnt even set a target. However, he said if you just had to take money out, he suggested just tightening the stop way up. That way you know you have almost everything, but still have the glimmer of hope--and reduced fomo--of staying in for that elusive extra homerun.
He also made a point of leaving the computer for a while in a big trade, go for a walk, out for coffee, whatever to depressurize himself.
That's interesting; thanks for the post. Good luck and a happy 2024 coming up! -Don
Who was this futures trader?
@tendaychart
3 weeks ago
Who was this futures trader? I am curiuos to know.
Don, you are great! Can't thank you enough for all of your useful information God Bless You 🙏
I appreciate that!
I absolutely love your channel! I’m just getting started.
Thank you, Michelle and welcome to the channel.
Here are some links to explore:
✅ **BOOK** : Over 400 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
✅ **BROKER**
**Like the TastyWorks "See It, Click It, Trade It" and the Click 'n drag Mouse?**
Here's how to use the same software you see in videos here on the channel: 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. Fill out your TastyWorks application at this, my affiliate link: bit.ly/2ZUYjtS today.
✅ Get notified when new trade videos are posted each week: 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
There's kind of a bizarre conundrum I've found where when I'm trading it's detrimental to compare my trade against the potential I missed out on in hind sight.
I love the way you showed the live trade in this video I sat there breaking down what I would do. I'm still a little to quick with my stop loss but am learning slowing down. It takes a minute to separate the compression cycles on MACD from the "run" cycles and then to trust myself.
Hey Michael, that's sounds like great progress to me. Way to go.-
Don
Don, I enjoy your videos that everytime I see it, I always upvote it. Please keep on going!
Thank you, I will. Glad to hear from you and good luck. - Don
wow wow wow this was so good to watch you talk through a trade, even as i trade a different style/strategy! First off plain enjoyable (great voice for it, and i love watching trades play out), but hearing your thoughts gives me great comfort, understanding and ideas. i already would have scaled one out after it started reversing...just as a mental thing i seem to "need" to feel that i got out at a good profit on at least one contract. Which is funny because there have been several times where i;ve "stubbornly" held on to multiple contracts and did not regret it!
Nice trade.
Hey Mad, we all go through those things I think.
You got to to with the number/odds:
try this video please: (after the trade in the video I talk about odds, etc. hope that helps thanks- Don
Just found this channel. Such great content. Binge watching
Welcome aboard! Thanks Tac, good luck to you have fun. - Don
Here's a playlist of my most recent videos:
✅ *NEW* LIVE TRADES PLAYLIST #3: bit.ly/PlayListNumber3
**Must See** ✅ Rule #1: bit.ly/RuleNumber1
so glad I found this. your decision to let the trade run w no audio kinda reminds me of the great Dodger announcer Vin Scully... he would often go silent in the middle of his commentary so the audience could make their own moment or connection w what they were witnessing... great stuff!👍
Glad you enjoyed the video, thank you and good luck to you. Welcome to the channel. - Don
**Must See** ✅ Rule #1: bit.ly/RuleNumber1
✅ *NEW* LIVE TRADES PLAYLIST #3: bit.ly/PlayListNumber3
FREE Training Videos at BEGINNERS PLAYLIST:
✅ "BEGINNERS" PLAYLIST #1: ua-cam.com/play/PLv6Fasp51T9L99jOWgLdB2ZylXpzaXByo.html
✅ "BEGINNER PLAYLIST #2: MACD WINNERS" ua-cam.com/users/playlist?
Appreciate your wise counsel, Don. Thank you!
Thank you kindly, Walter. Always nice to hear from you. - Don
I new to this channel & I'm going to get your book!!
Welcome to the channel, Terry. Glad to hear from you. Plan on practicing a bit, this is high risk and often tricky trading and isn't for everyone. Good luck to you.- Don
✅ 100% Live Trade Playlist: If you’d like to see some LIVE TRADES. Here’s a FREE New Live Trade Playlist for you, check it out: bit.ly/PlayListNumber3
✅I use the click n drag to move my stops and open trades with a Bracket/OCO order. Here's a short video on the broker I use on my channel: ua-cam.com/video/HMTt6gvzif0/v-deo.html
GET READY TO LEARN THE BASICS RIGHT NOW:
*FREE Training Videos at BEGINNERS PLAYLISTS* : EACH PLAYLIST HAS FOUR 10-MINUTE VIDEOS
✅ "BEGINNERS" PLAYLIST #1: THE BASICS: ua-cam.com/play/PLv6Fasp51T9L99jOWgLdB2ZylXpzaXByo.html
✅ "BEGINNER PLAYLIST #2: MACD WINNERS" ua-cam.com/play/PLv6Fasp51T9JGVQCNmRaliEbIpzLQh0od.html
✅Using Stop Loss to Create "Free" Trades. ua-cam.com/video/pUvrBM9j5t0/v-deo.html Welcome to the channel.
✅ **BOOK** : Over 400 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
@@DayTradingMicroFutures thank you for this!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Thank you for the continuing education Don.
Thank you Stroube and good luck to you. Nice to hear from you. - Don
It's easy to say that I wouldn't have taken the trade lol mainly because I trade off of volume by price so I'm blind here. But if you're forcing me to trade here. I would have been looking to go short at 4390 on the retrace up after breaking down out of the balance area on the left of the chart with a about a 2-3 point stop and a 4380 target (roughly a move about the size of the previous balance area) hoping for a runner. I prefer to use bigger charts to plan the trade targets and small charts for lower risk entries.
Good luck with that Outlaw. Have a Great '23 - Don
That is very good chart reading. 4390 is a great area to short. Of course, with any retrace one does not know how far it will go. In this case the retrace stalled and it was worth the entry. Of course, even if stopped out one can always re-enter if the momo down still looks good. Good thinking though, keep it up!!!
Psychology is key.
Jeffrey, so true!
Definitely a fave!
Thanks Paul good luck to you - Don
Thank you Don, greetings from Indonesia
Benjamin. I am very glad to hear from you and, again welcome to the channel my friend.- Don
Well if I had a Time Machine, and were in this exact spot, I would’ve exited with $87 profit within a few minutes! (But we all know we can’t hit the tops or bottoms…) Appreciate your work, Don!
😎 Speaking of time machines: I read the story about how a group of those (genius IQ) students at MIT held a 'time travelers convention.' They ran ads in the paper, posted the coordinates of the site, named the date and sent out invitations to all time travelers. Then, they reminded everyone that it will NOT be an annual event because there was no need for that. ROTFL when I saw that.
Then I read a footnote in the article that Stephen (Big Bang) Hawkin, the theoretical physicist said, "I'm not sure if time travel from the past is possible-- but I am positive that it is impossible to time travel from the future to the present ... or someone would already be here!"
I my Day Trading Micro Futures book, I put that Hawkin quote there and stated that I was sure there is no pefect trading formula that one can use to 'rinse, wash, repeat' in order to get rich. My reason was the same as Hawkins: "If it were possible, such a system would already be here."
Good luck to you - Don
✅ **BOOK** : Over 475 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
Great video with so many useful insights!
Glad it was helpful!
You keep me focused on the progress and process...amazing how the points and profits follow.
You got this!
Was this guy ever a sports announcer or radio host. He sure has the voice for it.
Hey MoMo. As a very young man, I did radio shows and a lot of radio, tv,
industrial film voice-over work and movie-trailers. I felt guilty for a while to just get paid for talking, but I got over it in a hurry. Now days, I get paid for clicking a mouse. I am a very lucky guy to be able to enjoy my work. 😀 Thank you for the kind comment, good to hear from you.
@@DayTradingMicroFutures God bless you. I just found your channel. You should start a discord
thank you for your interest and effort to help struggling newbies! Binge-iing you on a cold rainy night inside with hot chocolate, learning learning learning! Thank you again!😊, CajunTrader
Wonderful Dottie. This is a tricky type of trading. I don't know if you have seen this video (link to it coming up) but it one of the most viewed and has some pointers on the 'two biggest mistakes' made when trading the Micro E-Minis: ua-cam.com/video/9GIfxs27H3c/v-deo.html
And here's another video that has good info on setting one's expectations while trading: ua-cam.com/video/ygKnR2x8mG4/v-deo.html
A while back, I put this idea into one of the videos: It’s a story tittled **Perfect Handstands** that Jeff Bezos tells to employees and his management team. It is about expectations:
"A close friend recently decided to learn to do a perfect free-standing handstand. No leaning against a wall. Not for just a few seconds but ‘ Instagram good’ She decided to start her journey by taking a handstand workshop at her yoga studio. She then practiced for a while but wasn't getting the results she wanted. So, she hired a handstand coach. Yes, I know what you're thinking, but evidently this is an actual thing that exists. In the very first lesson, the coach gave her some wonderful advice. "Most people," he said, "think that if they work hard, they should be able to master a handstand in about two weeks. The reality is that it takes about six months of daily practice. If you think you should be able to do it in two weeks, you're just going to end up quitting." Unrealistic beliefs on scope- often hidden and undiscussed --- kill high standards."
Welcome to the channel and good luck to you- Don
@@DayTradingMicroFutures I am an astute type of student and you are a very good teacher. i really enjoy the pauses in your videos, and that you don't drag your point out over long times. Make the point and then move on! Proverbs is my favorite chapter in the Bible because it is a collection of short mental (& helpful) thoughts and I am ADD, so it's a good match for me! You make your important comments and don't drag it out just to hear your own thoughts repeated ad nauseam! thank you for your style and effort to put out this many videos for the public. You make it seem almost sensible! Regards to you!
MCL and MES are really that slow, too, and then you jump into MNQ -- oye! You really have to find the one contract that suits your trading style and stick with that one for a long time for success.
That's a great point. I usually trade MNQ, and sometimes MES. The MNQ is know as 'the tech stocks' and has NO financials at all and MES the general market composite. Good luck to you. Some link below you might find interesting: good luck- Don
I have 170 videos up on the channel over a four-year time period. The best/most popular are the most recent 50 of those.
Here's a link with a list of those in chronologic order: ✅ LIVE TRADES PLAYLIST #3: bit.ly/PlayListNumber3
Here is the channel homepage link that list all videos: ua-cam.com/channels/3WzyRqTuFn2iBjBPu-D6HA.html
I suggest you make notes so you can recall the videos you perhaps got the most from - and also a list of those you have already seen (that will save you time and make things more convenient for you.) Since the channel is primarily for beginners, you will notice I often repeat the most important things (and some of it is the reminders for like button, my book link, etc.) I realize that is not important for all viewers, but in order to keep the channel thriving, a sort of necessary inconvenience.
One of the most popular (and one of the best IMHO) is this video about the two most common mistakes: ua-cam.com/video/9GIfxs27H3c/v-deo.html My strong suggestion is that you see this one a time or two.. very important things in there.
**Must See** ✅ Rule #1: bit.ly/RuleNumber1
*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
High Don. Great channel you are an excellent teacher and demonstrator. Do you ever use the active trader tab on TW? Also, after making an OCO bracket order how do I get my stops on the chart like you have. You say Tastyworks Mouse....something special? I like the idea of being able to visually set my stops.
The mouse you see in the videos is a manufactured image I use to illustrate. Any mouse will do of course. I know some who prefer the Active Trader Tab in TastyWorks. To answer your question, as soon as you enter a bracket order, lines will appear for "TRADE" "Stop loss" and "Target." (the rectangle at the left end of the line with have the numerical values.)
In my videos, so the viewers and clearly understand-- I put blue, red, and green lines on the Bracket Order's trade, stop, and target.
My goal on the channel is to make it easy for (especially beginners and intermediate) traders to learn with these graphics (a picture is worth a 1000 words and all that.)
Humans are the world's worst predictors of 'the future.' The CEO of IBM said in the 1970's that he didn't see a world market for super computers to ever exceed the need of more than 3 or 4 of them.
Along those lines, I have pondered the possibility that there could be cell phone apps for each strategy: such as: Trading micros, covered calls, vertical stock option spreads, and on and on. It would be a simple way to learn and utilize strategy and the time it would take to learn each strategy could be reduced to only one or two hours. These would not replace what are called Professional Traders, but such focused programs might offer the everyday Joe/Mary a very fast and easy way to learn a few strategies.
Here on the channel, I am sometimes criticized for featuring trades that make small profits (often $25 to $75), instead of using larger trades. My only defense (it's my story and I'm sticking to it!): Is that people already know how to multiply -- I'm just trying to exhibit a relatively low-risk smaller one or two contract trades so that people have an affordable way to learn to trade the stock equity index futures.
I recommend a regimen of practice trading in my book and explain it there. But most people in doing these 'practice trades' make a huge mistake: They get a $50,000 or $100,000 play money account and then they start practice way above the money range (think: risk) that they will actually be trading in the beginning. Unknowingly, they are not actually practicing what it is they will be doing in actual real trades.
It is a huge psychological jump to trade at $50 a point than it is at only $5 a point. I urge people to always 'practice what they will actually be doing' rather than doing large trades in a simulation program.
You know the old saying, "...crawl, walk, then run...." When a beginner gets confidence and an account balance suitable for it, they might start trading 2 or 3 contacts--- and work their way up gradually to bigger trades with high dollar risks. I think in one of my videos, I explained it this way: "If you want to learn to high dive, you don't go to 200 feet high to learn how."
By increasing in gradients and gradually - a trader's confidence has a chance to grow at a reasonable rate, and gaining confidence is much more likely. If you want to teach your child how to learn to swim, you don't throw him/her into the deep end of the pool for the first lesson.
Of course, I don't hold the belief that people should do things strictly 'my way,' not at all. I just want to show people a way to 'test the waters' and find out if this kind of trading will work for them. For a great many people, it does NOT. This higher-risk trading offers opportunities for immediate profits and it isn't easy to learn. Beginners should not trade with money than cannot afford to lose in this day trading done here on the channel. There are many other ways, many less risky, that a person can learn.
Stay tuned to the channel because by June of this year, I will add a new strategy for subscribers to try: It is a relatively low-risk stock option strategy with typically a 60% to 80% chance of profit. It is a stock replacement strategy with defined risk and those trades (typically) often last 3 days to 3 weeks. I want to keep the focus on the channel here with ways beginners/intermediates can learn to make extra money. Oh, and this strategy is fairly easy to learn quickly, which is what I like most about it.
Thanks for the question. and hope you have a Great '23- Don
Awesome video and informative
Thanks Haxorinator! Good luck to you - Don
YOU'RE LIKE THE BOB ROSS OF TRADING WITHOUT THE AFRO 😅
ha.. ROTFLMAO funny 😁 Hair today and gone tomorrow! and all that. Welcome to the channel. Glad to hear from you and best of luck. - Don
One of the key understandings I've learned is this takes patience. You can't force a trade or you shouldn't trade when there really isn't a trend. Unfortunately I seem to keep missing opportunities because I'm not at my computer when a trend develops. Don, what are you doing during the day that you can stay aware of market trends?
Nice to hear from you again Stroube. Thank you. There is an epiphany I had after years after I began to learn to trade. Anyone can test this idea very easily: The reason trading looks so easy is because many people never realize the genius of hindsight makes every chart with a trading indicator on it displays perfection. A trading chart with a signal indicator on it always appears *so obviously to be what perfect decisions look like.* These charts are only 'perfect history' -- they didn't really predict what would happen, they only recorded what has already happened. I find it nothing short of astounding that so many people can so easily use this as *confirmation* of how pure technical trading works. Similarly, this is why 'back-testing' is little more than a lazy school teacher who just teaches the test without the student ever having to truly learn anything to pass the tests.
Thank you for your comments and good luck to you- Don
Keep going as long as the MACD is go for more gains
That's the plan! Go Greg!
Great video and the book is worth it's weight in gold!
Douglas,
Well your kind comment made my day; thank you. I think it was Mark Twain who said, "I can live a whole month off of only one good compliment." The best of luck to you my friend. Have a great weekend. Keep in touch and let me know how things go for you and how I can improve the channel. - Don
Nice! I would have gotten out at $100 profit. Just to guarantee a nice winner and avoid a loser. I'm practicing to trade the E-mini, so a $100 winner in the micro would have been a $1000 trade on the E mini. Cheers!
Best of luck! It's never a 'bad day' when you bank $100 on one trade.
New to the channel, and I love how you talk through your trades and the guidance for new traders. I hope to have a u successful career in trading.
I hope so too! Welcome to the channel.
Here's a few links you can use to explore here:
thanks - Don
✅ **BOOK** : Over 400 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
**Must See** ✅ Rule #1: bit.ly/RuleNumber1
✅ *NEW* LIVE TRADES PLAYLIST #3: bit.ly/PlayListNumber3
✅ Bracket/OCO How to place these orders to trade: ua-cam.com/video/HMTt6gvzif0/v-deo.html
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Three Steps to Get Started Learning to Trade the Micros:
✅ BROKER: Trade With the Same Screen you see in the videos: 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
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
Hey, today was a good day. Got into and out of the market with almost perfect timing. I feel like a trading genius. Of course that is after two weeks losing every trade. Two things I think I've learned. First, if the market turns against you, accept it. Second, as soon as possible make sure the trade isn't going to cost you. Sometimes I felt I was going to miss out if I got stopped out too soon by moving the stop too early, but you are actually protecting your account to make another trade when the market does turn in your favor.
I know, what you've been saying from the beginning but hearing it and understand it don't always happen at the same time.
Tru Dat! It's a hard lesson to learn.
@@DayTradingMicroFutures I have no idea about micro e mini. It's a leverage position? Do you have a video explaining that?
i had to let out a huge laugh @ 20:30 because i have had those *exact* thoughts in trades.
😁 As we all do LOL. Awesome Mad good luck to you- Don
I have a better gunslinger example XD. One sais pull from the left the other the right side... Both can work. But if you try to learn both right before a standoff... You are DEAD🤣. Mastering one is the way to go. Both can work, but you need to know them well. Concentrate on one thing at a time. Don is doing just that. His method is a good one!
Thanks David... you are the voice of experience here and congrats for that and good luck to you - Don Thanks for your support.
You should read books at audible ❤
Good morning Jr. Thank you and best of luck to you. I do have an audiobook on trading psychology coming up the fall this year. Subscribe to the channel and you'll get the notification. cheers - Don
Are you using market orders to execute the trades or limit order....which is fastest to lock in the price you can see in your take profit area
During the busy day session, I usually use 'market' orders for fast fills. As you may know, using limit orders does not guarantee an immediate fill. After hours (Globex) with periods of slow trading, the bid/ask gap can be wide, so I might consider 'limit' order there. And remember, you can always instantly change a limit to a market order if you make that decision.
Sometimes when I put an order to buy or sell and the price is hovering at or "past" my bid price it won't execute my bid. Is there a reason why? Thank you! I'm new to this but have been investing and doing options for years now.
You need to ask your Broker to be sure.
My guess is you are using a limit order (and not a market order.)
A limit order does not fill unless a trade is available at that particular price.
Since orders are first come, first serve ---- it is possible for your order not to fill if there are not enough (either bid or ask) at that specific price.
FYI: a "market" order fill will at the next available price (either bid or ask.) at the best price available.
If you are trading Micro E-Minis during the day session, there is usually only one-tick, give or take available, thus while you won't get a specific price, you will get filled almost immediately and it will be near the displayed trading price.
Your trading software has a place for you to specify either limit or market order types.
The Micro E-Minis have very high open interests (OI) and trading volume (VOL), plenty to get an efficient fill during the day session. After hours there are periods of time that this is not true (example: there may be low volume of trading and the gap (distance between bid/ask) can be larger than only one or two ticks.
Hope that helps. The normal way to handle these types of questions is traditionally to phone the help desk at your broker. Since money is involved and it is not a theoretical question, ALWAYS contact your broker is the way these questions should be handled. The reason is simple: someone else may give you a wrong or incomplete answer - and while they have great intentions - there is the possibility of faulty information. When it comes to your money: call your broker to get a 100% reliable answer. Good brokers are glad to help because they want happy customers and it is in their best interests to be clear and concise. They are glad to help.
Glad to hear from you. That's a great question and is often asked. Thank you. - and good luck to you-
Don
My book has answers and details that can help make learning to trade and understand the Micro E-Minis faster and easier See the table of contents at my Amazon link here: (thank you.) It has the same easy-to-understand language used in my videos.
✅ **BOOK** : Over 425 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
Hi Don, been watching all ‘you tubers’ in trading (one is yours, I’m very selective since there lots out there who are just full of crap in trading), can you ‘diagnose’ my trading? Everybody in trading world says when trading/putting trades one
needs a plan, but when I follow my plan I lose, but when I do trade the way the market moves, I can get good results, why is that?🤨
DG,
Thank you for your comment/question. You are not alone. You've expressed the same angst that almost all traders experience. I suggest, as you have expressed already, that you reconsider the idea that the key to successful trading is to 'have a plan.' There's a very common false-narrative that some plan exists and once you find it, you just 'rinse, wash, and repeat.' That just isn't true. This is what I was referring to in this video you just watched about the 'secret sauce' sold by those people who sell 'one size fits all' trading solutions for very high prices. If you missed that point in the video, please go thru and hear it again.
Believe me, if this trading was as easy as one formula, one sentence, or one paragraph that could promise a trader success --- I would not have 150+ videos on this, I would only need ONE!
Please consider two things:
1) Watch 5 or 10 my most recent videos; they are in this playlist in chronological order: bit.ly/PlayListNumber3
2) If you would like to try the approach I teach here on the channel (and I'm first to say, this type of trading is NOT for everyone --- you can check out my short 110 page book that is pretty much a crash course in the basics. It cost about the same as a large pizza and has over 400 5-star review on amazon at this link (check out the table of contents there): amzn.to/2q3iFl4
Here are some other links to help you explore the channel:
✅ Get notified when new trade videos are posted each week: Subscribe Now at this link bit.ly/3mTTMTn
GET READY TO LEARN THE BASICS RIGHT NOW:
*FREE Training Videos at BEGINNERS PLAYLISTS* : EACH PLAYLIST HAS FOUR 10-MINUTE VIDEOS
✅ "BEGINNERS" PLAYLIST #1: THE BASICS: ua-cam.com/play/PLv6Fasp51T9L99jOWgLdB2ZylXpzaXByo.html
✅ "BEGINNER PLAYLIST #2: MACD WINNERS" ua-cam.com/play/PLv6Fasp51T9JGVQCNmRaliEbIpzLQh0od.html
✅Using Stop Loss to Create "Free" Trades. ua-cam.com/video/pUvrBM9j5t0/v-deo.html Welcome to the channel.
*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
And a final piece of advice for all who read this post:
*If you insist on a pure technical trading formula and will forgo all your experience, thinking, learning and any hard work or common sense, ---- then I can promise you it will work slightly better than voodoo. -- Don*
Thanks a lot Don, much appreciate please.
Don, awesome videos. Question, do you ever make support and resistance levels before you start trading?
I'm always aware of major support and resistance levels. I hasten to add since these trades are usually very short in duration, I probably am more mindful of trends than longer term support/resistant levels... I could make an argument that in these short duration trades they are often the same thing.
I do not think memorizing dozens of what are called 'candlestick patterns' as being useful. Instead, I recommend one go back to the way the inventor of the candlesticks used them. I have a video that explains how they were used orginally. Please checkout this video which details that: ua-cam.com/video/nD5pWcNFT1I/v-deo.html (turn up the volume for this one, it has a low level) good luck to you - Don
Don, I love you videos. currently doing paper trading using TOS Active Trader. Most of the time price fluctuating so much, when I set stop loss 2 points away, immediately I am getting stopped out.. In your videos I see prices are not fluctuating and moving slowly. Am I missing something? Thank you.
Generally speaking a "2 points" stop-loss is very close. Please explore the channel and you will find what I teach here is definitely not pure technical and/or formula trading (brains not bot trading for sure.) Here's some links you can explore (posted below.) There is no 'secret sauce' plug-and-play, rinse, wash, and repeat solution. if you have a moment, check out this video that might offer some insight on that point: ua-cam.com/video/8DPAyOP_L2M/v-deo.html
Here's those links to explore on the channel. Good luck to you - Don
✅ 100% Live Trade Playlist: If you’d like to see some LIVE TRADES. Here’s a FREE New Live Trade Playlist for you, check it out: bit.ly/PlayListNumber3
✅I use the click n drag to move my stops and open trades with a Bracket/OCO order. Here's a short video on the broker I use on my channel: ua-cam.com/video/HMTt6gvzif0/v-deo.html
GET READY TO LEARN THE BASICS RIGHT NOW:
*FREE Training Videos at BEGINNERS PLAYLISTS* : EACH PLAYLIST HAS FOUR 10-MINUTE VIDEOS
✅ "BEGINNERS" PLAYLIST #1: THE BASICS: ua-cam.com/play/PLv6Fasp51T9L99jOWgLdB2ZylXpzaXByo.html
✅ "BEGINNER PLAYLIST #2: MACD WINNERS" ua-cam.com/play/PLv6Fasp51T9JGVQCNmRaliEbIpzLQh0od.html
✅Using Stop Loss to Create "Free" Trades. ua-cam.com/video/pUvrBM9j5t0/v-deo.html Welcome to the channel.
✅ **BOOK** : Over 400 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
best video ever. It shows the reality and phycology of trading. Your video was able to describe in detail the thinking process many traders experience. I am surprise you do not use RSI. Any comments on using RSI?
Each of us will use our own tweaks to play to our strengths/weaknesses of course. I keep my setup for trades the same so I can present consistency, and how important it is in trading. Here's a video I did on 'hopscotching' and its perils: ua-cam.com/video/8DPAyOP_L2M/v-deo.html Watching this video on building confidence will further answer your question.
My book has a chapter on trading psychology, please see the listing at this link on Amazon. Over 400 5-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
Welcome to the channel and good luck to you - Don
May I know the settings of your macd sir?
12, 26, 9
MACD Line: (12-day EMA - 26-day EMA)
Signal Line: 9-day EMA of MACD Line
MACD Histogram: MACD Line - Signal Line
In that senario would it have been frowned upon to sell on that reversal in begging then re enter on way back down to downside
INdividual traders will make their own decisions all the time. This type of trading, as you will see me stress in the videos and my book - is NOT a rigid formula that you just 'rinse, wash, and repeat.'
Here's a playlist of my most recent videos: ✅ *NEW* LIVE TRADES PLAYLIST #3: bit.ly/PlayListNumber3
Another good video
Thanks you and it's alway nice to hear that. Good luck to you - Don
Do you have a video on how to setup your chart
Sure do: ua-cam.com/video/_x-oqxZ2yO4/v-deo.html
Important note: Be sure and see the text below this video that will help you. Welcome and good luck to you - Don
@@DayTradingMicroFutures how do you put the target and stop on the chart?
@@andrehendricks8044 They appear there when you use the same setup I have. You can move them up/down with the left mouse button in TastyTrade, see:
this video: ua-cam.com/video/HMTt6gvzif0/v-deo.html
Poppa Don hope you had a great Thanksgiving!!!!!!!
You too Prof. Always nice to hear ffrom you.
Thanks. - Don
I'm going to buy you book
Thanks for your support BU. Here's a playlist of my most recent videos:
✅ *NEW* LIVE TRADES PLAYLIST #3: bit.ly/PlayListNumber3
✅Use the FREE TRADE SIMULATOR until your TastyWorks account is ready.
bit.ly/TradeSimulatorFREE
**Must See** ✅ Rule #1: bit.ly/RuleNumber1
Do you ever trade the 2min timeframe?
I keep my tradesetup consistent and I use the 5m intervals.
Thanks for your question and good luck to you.
I'd like to suggest a video that discusses why I keep a regular setup; this is one of the most popular videos on the channel: ua-cam.com/video/9GIfxs27H3c/v-deo.html
So Don,
What did the MACD look like at 4372 ?
I don't remember.
I learn more in this video more then i learned for the last two years.
I just have one question
How much it's cost you to bought those two contracts ?
I do not know the cost for these trades in Japan. If you are in the USA, this information may help. (see below) arigato - Don
✅ 100% Live Trade Playlist: If you’d like to see some LIVE TRADES. Here’s a FREE New Live Trade Playlist for you, check it out: bit.ly/PlayListNumber3
✅I use the click n drag to move my stops and open trades with a Bracket/OCO order. Here's a short video on the broker I use on my channel: ua-cam.com/video/HMTt6gvzif0/v-deo.html
✅ BROKER INFO: Here’s my link to the TastyWorks Application, you don't have to fund the account to check out the software; it is full-function but won't send orders unless you choose to fund it. (There's no obligation for you to do so and no charges or cards required.)
This is the exact same software I use on this channel. I selected it because you can trade with everything on ONE-page (the “see it, click it, trade it TastyWorks formatting.)
As you will see in the videos on the channel, TastyWorks is easy and fast to learn and just as important all the data, software, and money transfers (to /from) your bank are free.
In about two business days your account will be ready. You will be able to open the trading software and explore it. (no funding required and if you change your mind, no fees or obligation whatsoever. )
If you try TastyWorks, please use my affiliate link, it helps support all the free videos on the channel.
You'll be able to see the software and check it out - and you'll be able to trade if you decide to fund the account. Thank you; here's the link to the application: bit.ly/TW-Link
America’s Favorite Broker
Free Data Feeds.
Low Commissions.
Free money transfers in/out of your bank.
No robot help lines, just real live smart people ready to help you.
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 and you are ready to begin trading real time.
How Much to Start: TastyWorks requires $2,000 to open ‘the works’ account and a minimum of $2,500 to qualify for the lower intraday margin rates which will allow you to trade during regular day session using only 25% of the overnight margin requirements. Intraday margins are only 25% of the amount for overnight margin requirements; for full into see here: INTRADAY
A COMMENT: You can start with less at some of the other brokers - but it is really tough too 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. 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
What is a fair commission rate to trade the Micro E-Minis: Commissions + fees for Round trip (both in/out of the trade) should be under US$3.00.
If you would like to apply to open a TastyWorks account, here’s the link to my affiliate link: bit.ly/2ZUYjtS
In about two business days your account will be ready (no funding required and if you change your mind, no fees or obligation whatsoever. )
@@DayTradingMicroFutures
Domo arigato sansei
Hi Don, love the video. What is the minimum that is required to have in your account to trade micro futures?
Greetings and welcome to the channel.
For $2,000 and you can set up 'the works' account that sets you up to trade anything/anytime. And that’s $2,500 to use the lower ‘intraday’ rates. You can start with less at other places (as low as $500 or so) but it is really tough too 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. If you choose TastyWorks, please help support the channel by using my affiliate link (it costs you nothing and it supports the channel here. Thanks, here’s the link: bit.ly/TW-Link You can fill out the application, and then fund it anytime -and you can explore the software to check it out even though you can’t trade until you get ready and fund it.
The CME has a free, no deposit, zero cost trade simulation program you can practice with while you get the basics down: FREE Trading simulator
at this link: bit.ly/3csIKQU
-Don
@@DayTradingMicroFutures Thank you! I will look into it.
Don, good evening. You may have mentioned or showed one of your videos but how do I set it up to mirror what you have on the screen?
✅ Here's a video to show you how to setup the screen. *be sure to read the description under the video for instructions: ua-cam.com/video/_x-oqxZ2yO4/v-deo.html
✅ Use the same TW Screen as seen on the channel. To download my setup file use this link:
bit.ly/3DqBQX6
This is a short video that illustrates how to quickly change your Chart Screens configuration. It shows how to configure your screens to the setup I use in the videos here on the channel.
BE SURE TO SET YOUR candlesticks at 5m, and time length at "2D" (two days); these are what I use here in all the videos.
Please check out the book:
✅ **BOOK** : Over 400 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
✅ Bracket/OCO How to place these orders to trade: ua-cam.com/video/HMTt6gvzif0/v-deo.html
I thought I heard in one of your videos that you had a link to a broker that didn't do full KYC. Did you mention something like that?
No.
why do you want to sell at 4372 when you bought it at higher than 4372?
Greetings Deric:
One can play both the UP and DOWN price movements.
going LONG is buying low and selling higher.
going SHORT is selling high and buying lower ( a 'short sale' aka: going short.
Here's a play list of my most recent videos if you would like to explore more: LIVE TRADES PLAYLIST #3: bit.ly/PlayListNumber3
And some other links you might find helpful:
Please go to this amazon page and read the reviews and a description of the book. Thank you.
✅ **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
✅ SCALPING Video Keeping Profits in Fast Trades Video. Here's the Math on scalping Math on Micro E-MInis. Here's the numbers. Start the scalping Math here: ua-cam.com/video/ygKnR2x8mG4/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
Hello Don! I would like to ask something about MACD. I know it depends on a lot of things and of course I don't just watch this, but:
MACD line and Signal line is below the Zero line, but MACD is above Signal. Should i focus more on Long or Short position?? The same for opposite.. Thank you
99% of the time I go with the trend. I rarely trade against it. In most of my trades I sort of plan to 'carve out' a part of a price move that might give me a less risky entry point. In that way 'context' becomes very important. It takes practice and patience to find entry points that offer you better than 50/50% chance of profit. Learn to look for a 'less risky' time to enter the trade, forget about 'how much money' you may make and put reducing risk as your # 1 priority before and during the trade. You no control over how much you might make on a trade (hope is not a trading strategy) but you do control the amount of risks you take. You might review the chapter on trading psychology in my book; our brains can so easily trick us.
Thanks for your comment - Don
@@DayTradingMicroFutures thanks for the quick response. yes, the primary thing is that I also go with the trend. just want to better understand macd signals. I also do it for the money, but my goal is the most perfect trade possible. Your book is already in the basket on amazon, but I'm still ordering something else, if the basket is ready, your book will arrive. I look forward..
How does the time that Asian markets open affect your trading? Or does it?
You, of course, can Google for articles to find opening/close times of various world markets.... and then study market prices on the products you trade. You asked a pretty 'open-ended' question so I'm not quite sure what your concern/question is. Perhaps some of those articles will address your concerns/planning.
The Micro E-Minis trade on the CME (aka: Chicago Merc.) If you plan on doing your trading outside the USA "day session" hours of 9:30a ET until 4p ET, be sure you contact your broker so you fully understand what margin requirements are for the 'day session' and also for the (higher margin) after-hours trading; the after-hours rates are higher. To be clear, I am speaking of USA required margins per regulations and policies.
Good luck to you. - Don
@@DayTradingMicroFutures Thank you! good info. about the margins. I should have been clearer - do you find that the opening of the Asian markets have a significant impact on volume and volatility as is the case when the U.S. markets open? Or, if you have looked at it, does it have a much smaller impact?
@@fivetenbrandoakland2673 Anyone who has to investigate the hours they will need to trade, should go to your trading platform (once you identify those hours) and see it for yourself. Brokers provide historical charts, so look it up and what you see is what you get. Most likely, a 'yes or no' I - or anyone else gives- you wouldn't be enough information for you to base a decision on. Of course, that's just my opinion. I can't add much to that. good luck to you- Don
how much it cost you to buy this 2 future contracts?
Greeting Vaggelis, welcome to the channel.
Futures trading is an entirely different product than stock trading.
I suggest an account to start of $2,500 to 3000. This is a very high-risk type of trading. You can learn more at these playlist:
✅ **BOOK** : Over 400 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
✅ Get notified when new trade videos are posted each week: 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
**Must See** ✅ Rule #1: bit.ly/RuleNumber1
✅ *NEW* LIVE TRADES PLAYLIST #3: bit.ly/PlayListNumber3
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
I bought your book to start thank you
Can I buy and hold eMini futures for a year or more?
No. Call or research SPDR (pronounced spider) and ask your broker about other such ETF's. The funds mimic the S&P500 and/or other indexes.
wow big money. lol
Well Dman, the purpose of the channel here is to teach affordable trading. Almost all the trades in video here are only one contract, the most inexpensive way to trade while you are learning (other than getting a free trade simulation and using that first). TastyTrade does not have a paper trade mode, but
here a free alternative from CME:
✅ The CME has a free, no deposit, no credit card required, zero cost trade simulation program you can practice with while you get the basics down. You can be up and running in about five minutes (and if they are busy at least same day.) : www.cmegroup.com/education/practice/about-the-trading-simulator.html
As long as you are showing all of your trades both the winners and losers and not just the winners then awesome.@@DayTradingMicroFutures
so you are saying not to stick to one strategy and just learn how to trade
Quite the opposite actually. One of the 'account killer' habits is to keep changing one's setup frequently, here's a video I made on what I call 'hopscotching' that may shed some light on the topic:
ua-cam.com/video/8DPAyOP_L2M/v-deo.html
Welcome to the channel. Here's a playlist with all recent live trades; watching a few of these will give you an idea about the channel.
✅ *NEW LIVE TRADES PLAYLIST* #3: bit.ly/PlayListNumber3
Thanks. Happy holidays and good luck - Don
@@DayTradingMicroFutures I was watching your video early actually talking about sticking to one strategy and expecting it to work all the time is just foolish