Emini SP Morning Comeback +$4,700 | Steve's Futures Pulse 141

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In this episode, Steve Dahl provides a live recording from inside the Futures Trading Chatroom during the morning S&P surge back toward 2900 and how he managed a 12-lot long position from 2984.50 with multiple profit exits and trailing stops to capture $4700 on the trade. Trader Steve provides excellent lessons and insights along the way and worth the full viewing (even though a bit longer). Enjoy!

Read blog here: https://warriortrading.com/emini-sp-morning-comeback-4700-steves-futures-pulse-141/

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As Day Traders and Swing Traders our mission is simple. We are looking for stocks that we expect will move in a predictable direction. We want to take a position with a predefined stop level and profit target. Sounds easy right? In a lot of ways it is. But there are literally thousands of different strategies for trading the market. Every trader has a unique approach to trading. Our goal is to teach you our strategies. I have developed a series of profitable trading strategies for beginners. Our Trading Courses focus on the most fundamental aspects of a successful trade.

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After you understand risk management and proper stock selection, we teach you how to find stock patterns on charts. These patterns are how we base our risk and reward. We look for chart patterns that have well defined areas of support and resistance. We will use previous support levels as our stop price, or our risk, and we look at previous resistance areas as our initial profit target, or our reward. If the profit vs loss ratio is 2:1 we will take the trade. I teach both day trading strategies and swing trading strategies. For day trading we focus primarily on 5min charts while swing traders focus more on daily charts. The patterns in general are the same. I teach traders how to find patterns in real-time including Bull Flags, Bear Flags, Flat Tops, Flat Bottoms, and Rubber Band Reversal Setups.

// Trading Strategies
Learning risk management, proper stock selection, and chart patterns is important, but those alone don’t create a trading strategy. A trading strategy requires details on the time of day you take these trades, what type of stocks you like to trade, what percentage to success you expect. All our students are required to paper trade and prove to me that they can trade on a percentage of success that is high enough to justify real trading. If you can’t make money in a demo account, you have no business trading a real account. We have saved students hundreds of thousands of dollars by encouraging paper trading while they are learning. The market will be here for a long time to come. The important thing for you right now is to build up the skills to trade the market successfully. You will learn that once you possess the skills to consistently make $20.00/day all it takes to make $200 is larger share size. Then all it takes to make $2000 is again, larger share size. The hardest part is being consistently green just $20/day. So that is our initial target for all of our students. Profitable trading 4/5 days per week for at least 3 months.

Comments

Gustavo Pares says:

What software are you using????

Fernando Andrade says:

Fibo retracement 38% 50%💰💰💰💰💰💰💵💵💵💵📈📉

Robert Sanford says:

How do I get the taz box indicator?

Rose BPOS says:

Could you tell us which Paper Trading Program is best? Is there one available on steam? Haha. I have Think or Swim, is that a good one?

hypnosiscenter nyc says:

Congrats Steve. Great commentary. Felt like I was at a trading horse race:)

Francois Brand Van Zyl says:

Thank you for sharing Steve! Great examples, keep up the good work!

Roger Rogers says:

open high low on your charts, that's the truth

Paramount Trading says:

Great work! Keep it going!

Doug Kenline says:

follow the yellow arrow….

ben el says:

I really enjoyed Thanks Steve

JOLT says:

I have learn you really don't need to know how to trade, but how to lose. Learn how to lose and you will always win. Look closely at these videos and you will see he knows how to cut a loss and how to let his winners run.

bass man says:

666 in the thumbnail huh

chahalpawanpreet says:

Hi, Steve. Irregardless of your profit or loss, I really like your strategy of using short-term volume profiles as levels to place trades off of. I've been attempting to implement this sort of strategy in own trading regiment. Keep at it! You're a great teacher.

Egor Petrov says:

The 1st is gay…. its not my rules just saying

Green Forex Academy says:

Hey Steve! Congratulations, keep moving forward

vortics :YT says:

jeez 4700$ dam thats alot of money 💰

Hamada Ghanem says:

Liverpool Comeback 😂❤👏

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