thx man, hope so...
as some of you may remember, and i dont talk much about it here but i trade the commodity markets, quite a bit... especially when i have the time. i love day trading the emini sp market.. im going to share a trade that im working today.. it may or may not make me money but i just thought id post it for the heck of it..
the market has been selling off, yesterday and early today, however we are in overall uptrend and i mean a nice one... it seems to me, that we may be nearing a place to go long once again.. and im speaking solely of a day or short term trade here.. i may or may not stay in over the weekend.
Buying 1 June emini 1304, placing a stoploss at 1279... im initially risking $1250 on this trade, as it trades at $50 per point.. however, i may get out before the close today or i may raise my stoploss higher... im looking for a turnaround sometime today or monday to continue this uptrend... you have to have about $4,000 in your account to stay in a trade like this overnight but since this is the weekend, ill more than likely get out by the close..