Don, so happy to see a video. I believe us viewers would be really happy if you could post regularly, I understand that you have other commitments. But I am glad that you are doing well.
Hey Don, Yeah, my 'fun' is now between 5-15 minutes. What works best for me is I need to make the first trade of the day simply a profitable trade. It often settles me down and gets my left and right side of my brain working together 🤣and helps me silence the would'a should'a a could'a.
All great points you make. Thanks for sharing Bill. I read a funny quote the other day about 'the brain': Went like this: "I used to think my brain was by far the most important and wonderful part of me. But then I realized who was telling me that!" stay well 😎
Thank you my friend and best of luck to you - Don Here are some links to help you 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 *TastyTrade*- the broker I use in the video on the channel -- is offering *BONUS CASH for new signups* now. Check out the the details at this link: bit.ly/TastyBonus ✅ **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 *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
Hi Don, the ROI, in trading called ROR, “return on risk” is far higher than 15%. The math should be gain/your stop risk of $21. So the true return on risk is about 385% before comms & fees. The margin required does not come into a return calculation, only controls how much position size you can use.
The return is your net profit after ALL commissions, fees, etc. divided by your equity at the start of the day. Using your stop risk or your margin in the calculation are meaningless return figures. It is the equity in your account and nothing else.
Nice Yme and welcome to the channel. Very nice to hear from you. Here are some links to help you 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 *TastyTrade*- the broker I use in the video on the channel -- is offering *BONUS CASH for new signups* now. Check out the the details at this link: bit.ly/TastyBonus ✅ **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 *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 good luck to you- Don
First order of business, all honesty, you have the best channel for micro futures by far! I have been searching all over the place wondering why my margin, or BP Effect is so high compared to yours. For the S&P and the Nasdaq I’m well into the $1,000 margin for one contract. I know these margins can fluctuate, but this seems way off to what I’ve seen for these micros. Not a problem if that’s just what it is, but am I missing something? Also I just ordered your book, can’t wait to read it!
Aijal. Your have a fine looking son there with you. You need to phone your broker and ask, "What is the low intra-day margin to trade a Micro E-Mini S&P500? and the NASDAQ100 Micro emini? And you maybe know already: The margins for day trading during the regular session (930am-4pm) are the lowest. That's what you are seeing in my videos. When you get book get my email there and let me what you find out? thanks and kind regards - Don
Thanks! and good luck to you. - Don Here are some links to help you 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 *TastyTrade*- the broker I use in the video on the channel -- is offering *BONUS CASH for new signups* now. Check out the the details at this link: bit.ly/TastyBonus ✅ **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 *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
Thank you PA: Glad it was helpful! Here are some links to help you 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 *TastyTrade*- the broker I use in the video on the channel -- is offering *BONUS CASH for new signups* now. Check out the the details at this link: bit.ly/TastyBonus ✅ **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 *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
@DayTradingMicroFutures Question- as someone with a full-time job (plumber) and looking at trading futures, what's your opinion on entering positions and leaving them overnight? I simply don't have the time during the day. I analyze on higher time frames, but was curious about your opinion if I were to set a stop-loss/take profit during the evening trading session and let it sit overnight? Do those always trigger after you set them on the TastyTrade platform?
@@PineappleVibez I really glad you asked that question. A lot of people have the same problem, very difficult for them to trade during regular hours. Although the Micro E-Minis trade after hours (called 'Globex' trading), the opportunites in those hours are not even close to those in the 'day session' (930a-4pm.) If you have my email, send me a note. I have a suggestion for you about the type of trading you can hold overnight and it doesn't require much screen time at all.... If you can't find my email (it's in my book) leave me a way here to contract you by email--- and I can send you an idea or two. I don't put my email up because I cannot possibly have to to answer them all. I"m sorry for that inconvenience. Make sure you identify yourself as Pineapple so I can know it is you.
Hello Don, great explanation you do, the stop order function as I know guarantees execution but it doesn't insure the price execution, How exactly can you make sure the 31.00$ profit is locked and secured! , what if the price jump instantly to 20660 it means your order will execute at that price exactly! there's no guarantee you will find someone to fill your order at 20634.00 .
During regular market hours (Eastern time 9:30am - 4:00 pm) there is sufficient volume and OI to get a great fill, usually within one tick. Use the stop-market order during these times. In the after hours, there are often gaps in the bid/ ask and also lower trading volume: During these hours use a stop-limit. order (the 'trigger price' will convert to a limit order). You should read up on these two types of orders and their terms so that you understand them. The two types of stop loss orders have a 'trigger' price that will turn the order into either a stop-market or a stop-limit order. During the regular session hours, the odds of you getting a bad fill are extremely small (the same odds as you getting hit by falling sattelite debris..😀) Here are some links to help you 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 *TastyTrade*- the broker I use in the video on the channel -- is offering *BONUS CASH for new signups* now. Check out the the details at this link: bit.ly/TastyBonus ✅ **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 *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
Thanks for the new video, Don! Question: what’s the longest time you’ve held on to a trade with micros? And also, if there’s a nice, steady trend going, do you think it’s safe to hold on longer? Sometimes I feel that making several short trades is just feeding the fee monster. What’s your opinion?
I do hope you are in trade simulation mode at the early part of your learning --- until you get dialed in. The most common mistake for those new at this trading is over trading. There is no 'formula' that guarantees results. I'll post some links here that might offer you some ideas. Best of luck to you,. 🎥 *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 *TastyTrade*- the broker I use in the video on the channel -- is offering *BONUS CASH for new signups* now, Get the details at this link: bit.ly/TastyBonus *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
You're welcome! Best of luck to you - Don Here are some links to help you 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 *TastyTrade*- the broker I use in the video on the channel -- is offering *BONUS CASH for new signups* now. Check out the the details at this link: bit.ly/TastyBonus ✅ **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 *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
Thank you sir Don! What a great trading execution in 4 minutes! Another learning experience for me too. :) I have a question, if in case your stop loss was hit, how many times will you enter a trade again on NQ? For example, if the next three trades all hit your stop losses, do you have a limit and just trade again the next day? Or if your take profit or trail stop was hit on your first trade, do you still enter another trade within an hour, or you simply call it a day and trade the next day? Would really love to see a video showing your stop loss was hit, and you entered another trade and win, and call it a day. Appreciate your response sir. GOD BLESS you! :)
Excellent question. This is personal to each trader. Some traders have a daily dollar loss limit or a daily % loss limit or a daily number of trades limit. You must measure it against what is comfortable for you so you can sleep at night. For myself, it depends on how I am “seeing” the market that day. Perhaps I am out of sync so I will stop trading after 2 or 3 losses, but each trade would never be more than a 1% loss so I would only be down 2% or 3%. This is acceptable to me because I can make this up in a day if I catch a strong momentum move. 2 days at the most. Also I am extremely patient so I usually do not see more than 2 or 3 at the most opportunities anyway. For yourself, start with your opening daily equity and make a decision on how much risk you can accept in total for the day. If you hit it, then stop. But whatever you decide you must have 100% discipline to stick with it. DO NOT change the loss limit each day because you will hurt yourself in the long run. Also be very patient with your trade setups. Do not overtrade, or revenge trade. The market is not going anywhere. Do not be driven by fear. Example: you lost the first 2 trades. At this point new traders are fearful of taking the third setup, so they don’t. and that is the trade that takes off which would have made up for your first 2 losers and given you a profit for the day. Hope to help.
@@tendaychart THANK YOU SO MUCH! I now have a reference to apply or customize for my daily rules. I really appreciate you sir! So many things I can incorporate from your advise. GOD BLESS you sir and take care always! :D You're simple awesome.
Price normally does not go straight down without retracements inside the candle, so showing this example is just showing luck because price rarely does this. Setting stops to BE is great, but you’ll get stopped out so many times if you trail your stop so tightly as you show here.
Welcome to the channel. Here are some links to help you 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 *TastyTrade*- the broker I use in the video on the channel -- is offering *BONUS CASH for new signups* now. Check out the the details at this link: bit.ly/TastyBonus ✅ **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 *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
You are exactly correct! Of 60% supposed winners, the type of price action shown here would occur maybe 10% of the time or less. In other words 6 times out of 60 or 6 times out of 100 if you include the losers or 6% of the total trades taken. And it is probably less than that.
Hi Cameron... I'm not familiar with that. DYK: the data feed for quotes is also used for the trade signal indicators... they are all reporting based on the trades, not the future.
Sure.. email me a the link in the book and I will send you (freee) a link to over 175 videos all free on my Channel. - Don Or just explore these links: Here are some links to help you 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 *TastyTrade*- the broker I use in the video on the channel -- is offering *BONUS CASH for new signups* now, Get the details at this link: bit.ly/TastyBonus *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 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 Thank you and good luck - Don ________________________________________ Here are some links to help you 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 - Don
Use your brokers software... or here's a free trade simulator you can use: Here are some links to help you explore the channel: *TastyTrade*- the broker I use in the video on the channel -- is offering *BONUS CASH for new signups* now. Check out the the details at this link: bit.ly/TastyBonus *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
@@cyberdjnyccyberdj9600 the ES is a calmer market with less whipsawing than NQ, so could try that for less volatility and a bit more predictability. ultimately, you want to be in line with a higher time frame move. it can take a long time to understand how to apply multi time frame market structure effectively. when are you in line with the higher timeframe the impulses in price are much more forgiving when price is going against you. i use ICT concepts (thousands of hours of study) and frame my trades off a 1h or 4h chart, and use lower time frames to enter in the direction i expect it to go - but i start everyday off on the monthly chart and work down to a 5min chart (ie M-W-D-H4-H1-M15-M15) doing my markups. i actually do not use any indicators (no ema/rsi/macd/anything at all). while Don may not do this or do it differently than me, he will have many years studying price behind him that will allow him to see the market stucture behind the trades which could help him refine which trades he selects to make with his MACD entry. a good area to look for higher probability trades can be around old daily high/lows as the resting liquidity (stop orders) at these levels tends to encourage price to do something directional.
Hey anyone who trading in dow futures can you pls tell how much is exchange charges and brokerage charges like if we buy and sell 100 lot of dow futures how much total charges we have to pay
Thanks for your question. Futures are a totally different product than stock trading. (there are no '100 lots' trades, etc.). If you like to know more you can check out this link on my channel: Here are some links to help you explore the channel: 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 🎥 *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 *TastyTrade*- the broker I use in the video on the channel -- is offering *BONUS CASH for new signups* now. Check out the the details at this link: bit.ly/TastyBonus ✅ **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 *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
@@DayTradingMicroFutures I didn't get it wait let me clarify everything I m from India and here if I trade in index futures and 1 lot so 1 lot means 25 quantity means every point move is 25 Indian rupees and on that 1 lot I have to pay 1 dollar brokerage and and 0.025 percent of total contract value and exchange charges of 0.1 percent of total turnover so if I switch to us market can I save charges
Welcome to the channel. have fun. Here are some links to help you 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 *TastyTrade*- the broker I use in the video on the channel -- is offering *BONUS CASH for new signups* now. Check out the the details at this link: bit.ly/TastyBonus ✅ **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 *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
Hi Don, I've re read your book twice and it's info is invaluable , highly recommended! Just a question , is U$540 the margin required to trade Just One MNQ contract with TastyTrade today? Please advise , thanks
You are sort of asking me, 'why the wind blows'? Google: "What is causing high volatility in tech stocks?" You can get more answers than you can count. good luck - Don
I am not an authority on that question - you might find information at Cannon Trading company (800) 454-9572 and ask about a futures trading account for Canadians.
About 85 cents each way plus fees. Virtually every brokers normally list (advertise) commission rates that are without other fees and/or charges. I'm saying the advertised rate will be lower than the total. You may contact any broker to ask their charges. You should also ask about other fees for: money transfers, data quotes, exchange fees, and often upgrades to the trading platform. If you want to get a 'total' comm + fees for the trade, one has to ask and be very specific: "What is the cost to day trade one micro emini futures contact - that includes all fees and commissions round trip?" FYI: Very few beginners know this, so they can get an answer that is , well maybe 'not complete.' Also be aware some brokers who advertise 'the cheapest' rate, may charge the customer in other ways.. fees, data, extra charges, transactional fees, etc. Sort of like the automobile commercial on TV; there is always four or five lines of fine-print at the bottom of the screen that you can't possibly read in the two seconds it remains on the screen. Welcome to American advertising! It's everywhere! One of the most blatant is the 'disclaimers' that are read at lightning speed at the end of the commercial.😀 The 'possible side effects' often sound much worse than the cure!
Trade any number you want. Thanks and have a great week. Here are some links to help you 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 *TastyTrade*- the broker I use in the video on the channel -- is offering *BONUS CASH for new signups* now. Check out the the details at this link: bit.ly/TastyBonus ✅ **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 *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
I am a total beginner who is trying to learn by paper trading mes in trading view. Most of the time when I buy or sell, my order goes significantly lower or higher than the current actual price, and i'm instantly down 40-80 dollars. This keeps happening even when market is steady. Is this a bug?
You should phone your broker (trading view) and talk with them. I do wish you well but I can't follow your description of the problem you have. Very sorry but good luck to you.
@@DayTradingMicroFutures Sorry English is not my main language so kinda hard to explain. But whenever I short or buy, tradingview instantly tells me that I am 40-70 dollars in the minus. Thank you for taking the time to reply and I really like your simple and calm way of teaching!
That is not true, Kim. TastyTrade will allow you to trade with the low intraday margin requirements with a balance of only $2,500. You need to study a bit. You got misinformation some place. Here are some links to help you 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 *TastyTrade*- the broker I use in the video on the channel -- is offering *BONUS CASH for new signups* now. Check out the the details at this link: bit.ly/TastyBonus ✅ **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 *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
Glad to see a new video, Don. Everything you have ever come out with has been very helpful. Thanks for everything you do.
Thanks Bob. Good to hear from you my friend.
Don, so happy to see a video. I believe us viewers would be really happy if you could post regularly, I understand that you have other commitments. But I am glad that you are doing well.
Joe, thank you. I'm going to increase the number of post between now and end of year. All the best; nice to hear from you. - Don
I like your level headed approach😊
Thanks! 😊
Hey Don, Yeah, my 'fun' is now between 5-15 minutes. What works best for me is I need to make the first trade of the day simply a profitable trade. It often settles me down and gets my left and right side of my brain working together 🤣and helps me silence the would'a should'a a could'a.
All great points you make. Thanks for sharing Bill.
I read a funny quote the other day about 'the brain':
Went like this: "I used to think my brain was by far the most important and wonderful part of me. But then I realized who was telling me that!"
stay well 😎
Thanks for a stellar video Don. Excellent analysis and execution - and reality-based. Much appreciated!
Much appreciated!
Thank you sir I just recently join your channel it's wonderful,
Thank you my friend and best of luck to you - Don
Here are some links to help you 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
*TastyTrade*- the broker I use in the video on the channel -- is offering *BONUS CASH for new signups* now. Check out the the details at this link: bit.ly/TastyBonus
✅ **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
*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
Hi Don, the ROI, in trading called ROR, “return on risk” is far higher than 15%. The math should be gain/your stop risk of $21. So the true return on risk is about 385% before comms & fees. The margin required does not come into a return calculation, only controls how much position size you can use.
I see your point of course. And that is one way to slice the pie. I'll stick with ROI using the amount required to post the trade. Thank you.
The return is your net profit after ALL commissions, fees, etc. divided by your equity at the start of the day. Using your stop risk or your margin in the calculation are meaningless return figures. It is the equity in your account and nothing else.
This is an awesome video really helped. Bring what I’ve been trying to understand it to perspective. I’m gonna check it out.
Nice Yme and welcome to the channel. Very nice to hear from you. Here are some links to help you 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
*TastyTrade*- the broker I use in the video on the channel -- is offering *BONUS CASH for new signups* now. Check out the the details at this link: bit.ly/TastyBonus
✅ **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
*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
good luck to you- Don
Another good one!! Thank you Mr. Don.❤
You are very welcome. You are very welcomed Minie. I'm always glad to hear from you and thank you. - Don
Thank you Don, book ordered! I will read it (3 times) and fund tasty account through your link. Be well!
Steve,
Awesome, thank you!
First order of business, all honesty, you have the best channel for micro futures by far! I have been searching all over the place wondering why my margin, or BP Effect is so high compared to yours. For the S&P and the Nasdaq I’m well into the $1,000 margin for one contract. I know these margins can fluctuate, but this seems way off to what I’ve seen for these micros. Not a problem if that’s just what it is, but am I missing something? Also I just ordered your book, can’t wait to read it!
Aijal. Your have a fine looking son there with you. You need to phone your broker and ask, "What is the low intra-day margin to trade a Micro E-Mini S&P500? and the NASDAQ100 Micro emini?
And you maybe know already: The margins for day trading during the regular session (930am-4pm) are the lowest. That's what you are seeing in my videos.
When you get book get my email there and let me what you find out? thanks and kind regards - Don
@@DayTradingMicroFutures will do and thanks for the kind words and speedy reply!
Another great trade Don. Thanks for the lesson.
You bet Nathan. Always glad to hear from you- Don
Great production. Many thanks. Have a great day.
Thanks, you too!
Set up is very nice
Thanks! and good luck to you. - Don
Here are some links to help you 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
*TastyTrade*- the broker I use in the video on the channel -- is offering *BONUS CASH for new signups* now. Check out the the details at this link: bit.ly/TastyBonus
✅ **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
*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
You have a great way of explaining your practice. To the point, in layman's terms, it's much appreciated.
Thank you PA: Glad it was helpful!
Here are some links to help you 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
*TastyTrade*- the broker I use in the video on the channel -- is offering *BONUS CASH for new signups* now. Check out the the details at this link: bit.ly/TastyBonus
✅ **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
*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
@DayTradingMicroFutures Question- as someone with a full-time job (plumber) and looking at trading futures, what's your opinion on entering positions and leaving them overnight? I simply don't have the time during the day. I analyze on higher time frames, but was curious about your opinion if I were to set a stop-loss/take profit during the evening trading session and let it sit overnight? Do those always trigger after you set them on the TastyTrade platform?
@@PineappleVibez I really glad you asked that question. A lot of people have the same problem, very difficult for them to trade during regular hours.
Although the Micro E-Minis trade after hours (called 'Globex' trading), the opportunites in those hours are not even close to those in the 'day session' (930a-4pm.)
If you have my email, send me a note. I have a suggestion for you about the type of trading you can hold overnight and it doesn't require much screen time at all.... If you can't find my email (it's in my book) leave me a way here to contract you by email--- and I can send you an idea or two. I don't put my email up because I cannot possibly have to to answer them all. I"m sorry for that inconvenience. Make sure you identify yourself as Pineapple so I can know it is you.
Hello Don, great explanation you do, the stop order function as I know guarantees execution but it doesn't insure the price execution, How exactly can you make sure the 31.00$ profit is locked and secured! , what if the price jump instantly to 20660 it means your order will execute at that price exactly! there's no guarantee you will find someone to fill your order at 20634.00 .
During regular market hours (Eastern time 9:30am - 4:00 pm) there is sufficient volume and OI to get a great fill, usually within one tick. Use the stop-market order during these times.
In the after hours, there are often gaps in the bid/ ask and also lower trading volume: During these hours use a stop-limit. order (the 'trigger price' will convert to a limit order).
You should read up on these two types of orders and their terms so that you understand them.
The two types of stop loss orders have a 'trigger' price that will turn the order into either a stop-market or a stop-limit order.
During the regular session hours, the odds of you getting a bad fill are extremely small (the same odds as you getting hit by falling sattelite debris..😀)
Here are some links to help you 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
*TastyTrade*- the broker I use in the video on the channel -- is offering *BONUS CASH for new signups* now. Check out the the details at this link: bit.ly/TastyBonus
✅ **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
*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
Thanks for the new video, Don!
Question: what’s the longest time you’ve held on to a trade with micros?
And also, if there’s a nice, steady trend going, do you think it’s safe to hold on longer?
Sometimes I feel that making several short trades is just feeding the fee monster. What’s your opinion?
I do hope you are in trade simulation mode at the early part of your learning --- until you get dialed in.
The most common mistake for those new at this trading is over trading. There is no 'formula' that guarantees results. I'll post some links here that might offer you some ideas. Best of luck to you,.
🎥 *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
*TastyTrade*- the broker I use in the video on the channel -- is offering *BONUS CASH for new signups* now, Get the details at this link: bit.ly/TastyBonus
*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
Great move, thanks!
You're welcome! Thank you. Nice to hear from you - Don
thanks
You're welcome! Best of luck to you - Don
Here are some links to help you 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
*TastyTrade*- the broker I use in the video on the channel -- is offering *BONUS CASH for new signups* now. Check out the the details at this link: bit.ly/TastyBonus
✅ **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
*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
Always nice to see
Thanks for the visit and best of luck to you.
Thank you sir Don! What a great trading execution in 4 minutes!
Another learning experience for me too. :)
I have a question, if in case your stop loss was hit, how many times will you enter a trade again on NQ?
For example, if the next three trades all hit your stop losses, do you have a limit and just trade again the next day?
Or if your take profit or trail stop was hit on your first trade, do you still enter another trade within an hour, or you simply call it a day and trade the next day?
Would really love to see a video showing your stop loss was hit, and you entered another trade and win, and call it a day.
Appreciate your response sir. GOD BLESS you! :)
Thank you; I'll keep that in mind Wiz
Excellent question. This is personal to each trader. Some traders have a daily dollar loss limit or a daily % loss limit or a daily number of trades limit. You must measure it against what is comfortable for you so you can sleep at night. For myself, it depends on how I am “seeing” the market that day. Perhaps I am out of sync so I will stop trading after 2 or 3 losses, but each trade would never be more than a 1% loss so I would only be down 2% or 3%. This is acceptable to me because I can make this up in a day if I catch a strong momentum move. 2 days at the most. Also I am extremely patient so I usually do not see more than 2 or 3 at the most opportunities anyway. For yourself, start with your opening daily equity and make a decision on how much risk you can accept in total for the day. If you hit it, then stop. But whatever you decide you must have 100% discipline to stick with it. DO NOT change the loss limit each day because you will hurt yourself in the long run. Also be very patient with your trade setups. Do not overtrade, or revenge trade. The market is not going anywhere. Do not be driven by fear. Example: you lost the first 2 trades. At this point new traders are fearful of taking the third setup, so they don’t. and that is the trade that takes off which would have made up for your first 2 losers and given you a profit for the day. Hope to help.
@@tendaychart THANK YOU SO MUCH! I now have a reference to apply or customize for my daily rules. I really appreciate you sir! So many things I can incorporate from your advise. GOD BLESS you sir and take care always! :D You're simple awesome.
@@DayTradingMicroFutures thank you so much sir! :D
@@wizdeasis9846 Anytime. If you have any other questions, hit me up!
Great info. I really enjoyed it.
Glad it was helpful James. Thank you
Price normally does not go straight down without retracements inside the candle, so showing this example is just showing luck because price rarely does this. Setting stops to BE is great, but you’ll get stopped out so many times if you trail your stop so tightly as you show here.
Welcome to the channel. Here are some links to help you 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
*TastyTrade*- the broker I use in the video on the channel -- is offering *BONUS CASH for new signups* now. Check out the the details at this link: bit.ly/TastyBonus
✅ **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
*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
You are exactly correct! Of 60% supposed winners, the type of price action shown here would occur maybe 10% of the time or less. In other words 6 times out of 60 or 6 times out of 100 if you include the losers or 6% of the total trades taken. And it is probably less than that.
great video thank you Don
Glad you enjoyed it
what is your thoughts on the zero lag MACD ? have you tried this indicator
Hi Cameron... I'm not familiar with that. DYK: the data feed for quotes is also used for the trade signal indicators... they are all reporting based on the trades, not the future.
Hi Don just got your book, nice content, may I ask what strategy do you use the most with the micros do you have a video on this ? cheers
Sure.. email me a the link in the book and I will send you (freee) a link to over 175 videos all free on my Channel. - Don
Or just explore these links:
Here are some links to help you 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
*TastyTrade*- the broker I use in the video on the channel -- is offering *BONUS CASH for new signups* now, Get the details at this link: bit.ly/TastyBonus
*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 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
Thank you and good luck - Don
________________________________________
Here are some links to help you 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
- Don
@@DayTradingMicroFutures thank you, much appreciated. I did email the link for the 4 videos you mentioned in the book ill go over those 1st
How do you create a order on the chart screen?
Use your brokers software... or here's a free trade simulator you can use: Here are some links to help you explore the channel:
*TastyTrade*- the broker I use in the video on the channel -- is offering *BONUS CASH for new signups* now. Check out the the details at this link: bit.ly/TastyBonus
*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
i use a different broker/platform, but Don makes be want a tastytrade mouse so bad! great commentary and trade!
Great boat there! Thanks good to hear from you and best of luck to you.
How are you making out ? the market move so fast that they keep taking my stops out at a loss !
@@cyberdjnyccyberdj9600 the ES is a calmer market with less whipsawing than NQ, so could try that for less volatility and a bit more predictability.
ultimately, you want to be in line with a higher time frame move. it can take a long time to understand how to apply multi time frame market structure effectively. when are you in line with the higher timeframe the impulses in price are much more forgiving when price is going against you.
i use ICT concepts (thousands of hours of study) and frame my trades off a 1h or 4h chart, and use lower time frames to enter in the direction i expect it to go - but i start everyday off on the monthly chart and work down to a 5min chart (ie M-W-D-H4-H1-M15-M15) doing my markups. i actually do not use any indicators (no ema/rsi/macd/anything at all).
while Don may not do this or do it differently than me, he will have many years studying price behind him that will allow him to see the market stucture behind the trades which could help him refine which trades he selects to make with his MACD entry.
a good area to look for higher probability trades can be around old daily high/lows as the resting liquidity (stop orders) at these levels tends to encourage price to do something directional.
Hey anyone who trading in dow futures can you pls tell how much is exchange charges and brokerage charges like if we buy and sell 100 lot of dow futures how much total charges we have to pay
Thanks for your question. Futures are a totally different product than stock trading. (there are no '100 lots' trades, etc.).
If you like to know more you can check out this link on my channel: Here are some links to help you explore the channel:
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
🎥 *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
*TastyTrade*- the broker I use in the video on the channel -- is offering *BONUS CASH for new signups* now. Check out the the details at this link: bit.ly/TastyBonus
✅ **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
*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
@@DayTradingMicroFutures I didn't get it wait let me clarify everything I m from India and here if I trade in index futures and 1 lot so 1 lot means 25 quantity means every point move is 25 Indian rupees and on that 1 lot I have to pay 1 dollar brokerage and and 0.025 percent of total contract value and exchange charges of 0.1 percent of total turnover so if I switch to us market can I save charges
Hey!!! Anew video❤❤❤
Welcome to the channel. have fun.
Here are some links to help you 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
*TastyTrade*- the broker I use in the video on the channel -- is offering *BONUS CASH for new signups* now. Check out the the details at this link: bit.ly/TastyBonus
✅ **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
*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
Hi Don, I've re read your book twice and it's info is invaluable , highly recommended!
Just a question , is U$540 the margin required to trade Just One MNQ contract with TastyTrade today?
Please advise , thanks
Yeah that confused me many other offer the intraday to be less around 50 to 140 depending on the future
I looked it up tastytrade intraday is .25 the maintanence required so mnq was 2100 x.25 gives you that 544 figure
Good to hear from you. Thanks
You got it. The amount is slighty adjusted every day.
Hi Don, Any idea why there is INSANE volatility in the NQ currently? I'm down on the 5 second timeframe to be in my Risk/Reward parameters!!
You are sort of asking me, 'why the wind blows'? Google: "What is causing high volatility in tech stocks?" You can get more answers than you can count. good luck - Don
Sector rotation, earnings, summer, FED decisions, election year
I have a hard time trying to find a broker to trade micro emini futures for Canadian residents. Please help!
I am not an authority on that question - you might find information at Cannon Trading company (800) 454-9572 and ask about a futures trading account for Canadians.
Great video, thx Don! How much fee or commission did you pay for this trade? Thx
About 85 cents each way plus fees. Virtually every brokers normally list (advertise) commission rates that are without other fees and/or charges. I'm saying the advertised rate will be lower than the total.
You may contact any broker to ask their charges. You should also ask about other fees for: money transfers, data quotes, exchange fees, and often upgrades to the trading platform.
If you want to get a 'total' comm + fees for the trade, one has to ask and be very specific:
"What is the cost to day trade one micro emini futures contact - that includes all fees and commissions round trip?" FYI: Very few beginners know this, so they can get an answer that is , well maybe 'not complete.'
Also be aware some brokers who advertise 'the cheapest' rate, may charge the customer in other ways.. fees, data, extra charges, transactional fees, etc.
Sort of like the automobile commercial on TV; there is always four or five lines of fine-print at the bottom of the screen that you can't possibly read in the two seconds it remains on the screen. Welcome to American advertising! It's everywhere! One of the most blatant is the 'disclaimers' that are read at lightning speed at the end of the commercial.😀 The 'possible side effects' often sound much worse than the cure!
@DayTradingMicroFutures Thx so much! This is helpful for a newbie. I'll ask per your suggestion. Do you use only Tasty Trade for micro future?
I got your book but you never emailed me back the list of brokers you use.
I just sent you the email. if you don't find it, please check your spam folder. thanks - Don
Hi Don. Missed you. Haven't heard from you for a while. I hope you are doing well.
Oh yes, all is fine here been traveling a bit. Thanks.
Can you only trade 3 times a week ?
Trade any number you want. Thanks and have a great week.
Here are some links to help you 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
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*Free Trade Simulator*
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✅ 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
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I am a total beginner who is trying to learn by paper trading mes in trading view. Most of the time when I buy or sell, my order goes significantly lower or higher than the current actual price, and i'm instantly down 40-80 dollars. This keeps happening even when market is steady. Is this a bug?
You should phone your broker (trading view) and talk with them. I do wish you well but I can't follow your description of the problem you have. Very sorry but good luck to you.
@@DayTradingMicroFutures Sorry English is not my main language so kinda hard to explain. But whenever I short or buy, tradingview instantly tells me that I am 40-70 dollars in the minus. Thank you for taking the time to reply and I really like your simple and calm way of teaching!
Tasty trade requires I deposit $25,000 to access mini futures. What am I missing here?
That is not true, Kim. TastyTrade will allow you to trade with the low intraday margin requirements with a balance of only $2,500. You need to study a bit. You got misinformation some place.
Here are some links to help you 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
*TastyTrade*- the broker I use in the video on the channel -- is offering *BONUS CASH for new signups* now. Check out the the details at this link: bit.ly/TastyBonus
✅ **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
*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