The only way I'll ever make it is if I learn from my mistakes. I made $250 on 10 contracts trading 2-lots today. I figure I'll go back up to 6-lots after I make back the $400 I lost yesterday. Thanks.
Down $234 on 32 contracts yesterday. Today I have only entered two trades. Guess I'm kinda reluctant after my loss...
Are you scalping or are you swing day trading - ? Try to keep your goal low and try to make $100 to $300 everyday
swing day trading best describes it. I don't go for half ticks. I look to make like 3 or 4 ticks per trade and lose at most two half ticks per trade
up $31.25 on 93 contracts. Whew what a day. Tried trading the Five year for the first time today. Got slaughtered in the morning on the Weaker (than last month's) Consumer Confidence number. Maybe someone can help me understand something here. The number came out at 103.2....everyone was expecting 101.0. Therefore, the number came out better than expected which should have sent the bonds down (theoretically). Why did treasury debt rise on that number? I'm thinking that treasury debt probably rose because though higher than expected, confidence was still lower than last month's number of 109.6. So is the moral of this story: focus on numbers relative to previous numbers more than you focus on numbers relative to what is expected? Sounds confusing but I'm sure somebody out there understands what I'm talking about. If someone could help me understand what happened in the bond market today, I'd really appreciate it. Thanks