Any veteran of the financial markets will likely agree to the common saying, “Active trading is the hardest way to make an easy buck.” You may or may not agree with this sentiment, but it is difficult to argue with the empirical data. In fact, washout rates for new traders of all types are estimated… Read more.
In many ways, 2019 turned out to be a historic year for both politics and S&P 500 futures. US stocks rallied to unprecedented heights and, for only the third time in history, the US House of Representatives impeached a US president.
Understanding Expiration and Futures Contracts Months By nature, a futures contract is a perishable security. It features a distinct expiration date when the legally binding agreement is settled. Upon expiration, the contract ceases to be tradable on the open market. The concept of expiration makes futures contracts finite instruments, different from forex pairs or stocks.… Read more.
Volatility can arise suddenly, destroying winning trades and shaking the markets to their core. Successfully navigating turbulent financial waters can be an epic challenge ― finding the ideal instrument to trade is a key part of excelling when the road becomes rocky. During times of chaotic price action, the best trading vehicles are those that… Read more.
Late this morning I sent out a trade recommendation to buy the EMini SP futures. Today was the Buy Day in the Taylor Trading Technique (TTT) cycle and a morning selloff gave us an opportunity to trade this setup. For the EMini SP, the Wednesday low of 2980.50 was the reference price. It spent much… Read more.
Update – this post was written before the launch of CME’s newest product – the Micro E-Mini. Here’s a link to a Micro E-mini resources page. Financial leverage is the use of debt to secure additional assets. Businesses and individuals both implement leverage. For example, if you have a car loan or a mortgage, then… Read more.
Today was another session that the stock index futures had breakout setups. Using the overnight structure as I wrote about yesterday (read HERE), we were able to trade this morning’s breakdown although the market was well past the standard trigger levels for a breakout trade entry. In 2017 I wrote a report (get a copy… Read more.
In last night’s edition of Swing Trader’s Insight (STI) I labeled today as a Taylor Trading (TT) Buy day for the stock index futures. Normally we would use the previous session low as the “reference price” for a TT Buy day however in this morning’s comment I suggested we look at overnight structure to get… Read more.
Update – this post was written before the launch of CME’s newest product – the Micro E-Mini. Here’s a link to a Micro E-mini resources page. Whether you’re a veteran of the markets or just getting your feet wet, the question of “how to trade futures” is a crucial one. Strategy, resources, and goals all… Read more.
In this morning’s comment for Swing Trader’s Insight (STI) I wrote that I would consider buying the EMini S&P if it rallied back above 2900. I’ve often said that Sunday night moves should often be faded; this was a good example of that guideline. In last night’s edition of STI, the EMini S&P was labeled… Read more.