Friday, August 05, 2016

Slow days are not fun but happen rather often

I don't like them, but with KING you can handle them pretty well, even if sometimes you may be forced to lower your target to 2-3 ticks, while the standard one is 5 ticks and 10 ticks is doable too on more volatile days.

I am talking about the ticks in YM, the Dow Jones e-mini futures market, my favorite futures market and the one I recommend for KING traders (at least for starters).

Trading on a slow day feels a bit like being constipated. Not exactly something you would be willing to kill for. If you prefer a faster moving market, and do better on faster days, you will probably not be trading optimally.

You will be tempted to lower your target, which sometimes may not be warranted (in hindsight!), but that's what your instinct is telling you. That's okay. Do it. It's more important to make money than to be right. Infinitely more. If you can be right too, treat this as a bonus. Don't trade to prove yourself right, but only to make money.

You may be tempted to rationalize why you lowered your target when the original one gets hit eventually and sometimes, much to your chagrin, shortly after you had adjusted that damn target. Well, I have finally come to the conclusion that this makes no sense. Rationalizing, that is.

If your instinct is telling you to act a certain way, that's about as good as you can get it in a slow market. Remember, we are talking about discretionary trading here, as KING is a discretionary trading methodology; also a day trading course based on this methodology. If you are trading in a systematic way, you follow your system to a tee, including where and how to exit your position. That may actually be even more frustrating in a "constipated" market than when trading such a market in a discretionary manner.

Sometimes, it is justified to go for a bigger target rather than a smaller one. Say, 10 ticks. This is so, for instance, when you are sure about the general market bias (long or short). Judging this bias is particularly easy on the days when George IV gives a strong signal.

Such was the case today, hence the first two trades in the screenshot below (in my tweet with trading results from today's trading session) were inspired by George IV, a very fine e-mini futures trading system for ES and YM.
However, since the second trade aimed at 10 ticks took almost 2 hours to reach the target, I was not too upbeat about holding my third position even for 5 ticks as it was taking a longer while, so I exited it with 3 ticks only and quite prematurely too. But then again: it's better to make money than being right. I was right too, but did not capitalize on it, which is fine, but gives me no bragging rights.
Well, I am rationalizing things a bit here. I don't know what the real reason for my exit was, but  I certainly was not feeling too comfortable with the market taking too long to deliver after "suffering" for almost two hours being stuck in the previous trade.

After that, I decided that was enough, and chose to run an errand that probably could have waited had the market been  more spry. That's okay too.

I don't think trading a lot on days when trading is slow makes much sense. As a rule, that I myself use for KING, if you can not make at least $200-300 with 2-4 YM contracts in the first two hours of your trading, you may as well take the rest of the day off.  On good days, you should be able to make that much even in the first 30 minutes. It makes much more sense to trade more and more aggressively on volatile days than on the days when Mr. Market is constipated.

Trading should be fun. If it is not you are probably not doing it right. 

Thursday, August 04, 2016

Over 1800 items in my Twitter media gallery

That's another milestone, perhaps worth mentioning here.

Assuming 95% of them are screenshots with my e-mini futures day trading results, there are about 1700 such screenshots, meaning about 1700 trades tweeted in near real time. All were taken using my e-mini trading methodology, KING.

Here's a pretty recent example.
Many more you will find in other posts of this blog or in the mentioned (and linked to) Twitter media gallery.

For more about how I use Twitter for posting my e-mini trades check out my site. Here's a good article to start (and pretty recent too), but there are few more there pertaining to my Twitter trades. 

I don't think I will be selling KING beyond 2017, so I am not tweeting as much as I used to in the first 12-24 months, but 1700 trades is quite a lot, especially so if you compare this number to what my competitors have managed to post so far. Hardly anything even remotely approaching this number.

But some of them sure do have thousands of Twitter followers more than me. Obviously bought for a few bucks to make them look like "experts in demand." Rather laughable, if you ask me. 

Tuesday, July 19, 2016

Why KING is your best choice of an e-mini futures day trading course

I wrote about it just recently in a brief article posted on my site dedicated to trading e-mini futures. I basically re-iterated what I have written in other pages of my site, most of which are collected in the KING-More section.

You may also check out this article about KING as a trading philosophy. Quite pertinent too.

And, of course, do not miss an extensive section of the FAQ for KING, which I have just updated. It's not like I do not mention it on my site. In fact, more than once, I am sure.

Yes, KING, an e-mini futures day trading course, is certainly worth your consideration. And, to repeat what I said in the last paragraph of Why KING, if anyone showed what is possible with KING, I would not hesitate a moment to get my hands on it and would do everything to become the best one can be at using it.

That's how you succeed. Right tools and the right attitude are the keys to the trading success. Or, to any success, for that matter.

KING gives you the tools, the powerful e-mini futures trading methodology that this course is based on which created quite a few formidable traders. You provide the attitude. Sounds fair? I believe so.

Friday, July 15, 2016

Yet another e-mini futures trading day in July

And it started rather late for me, but then again being a night person, living on the West Coast, and sometimes finding it hard to fall asleep with too many things on my mind, I may not drag myself out of my bed until after the noon of EST, and sometimes even later, say around the noon of my time.

Still, as you can see from the image below showing my e-mini trading results on Friday, the 15th, I don't need many hours (1-2 is enough) to make more than most people make working 8 hours. I think being well rested is paramount for a good trading performance, especially in markets as volatile as e-mini futures markets. Of course, a good trading methodology is equally, if not more, important as feeling refreshed and eager for a good fight with Mr. Market.

The tweet with my final trading score embedded above shows trading results in my favorite e-mini futures market, YM, or the Dow Jones e-mini futures. There are over 1700 such screenshots in my Twitter media gallery and almost 820 trading days in total with trading results recorded either on my site or in my Twitter feed (and sometimes both). But KING can work wonders in ES too and in other markets as well, though my experience with it is limited to trading YM, ES, and NQ, which are among the most popular US stock index e-mini futures markets.

Tuesday, July 12, 2016

Kids these days ... or on a lighter note

I just came across this on the intertubes and thought that it was cuter than cute cats that look like Hitler...  Not that I have anything against cats. I am very much a cat person.

I also shared it through my Twitter feed, but only the first of the two videos that follow.

And here is another video of this kind featuring an even younger performer and from a different part of the world.

Sunday, July 10, 2016

George IV after six months of 2016

George IV is a mechanical e-mini futures day trading system for ES and YM that has been around for nearly 10 years and is still doing pretty well. I have mentioned it on this blog quite a number of times already and may still do so. It's just a good trading system, so I feel comfortable talking about it.

While I believe that this system is best used in combination with KING, a discretionary e-mini futures trading methodology, it can make you money on its own too. Plus, KING can be used in more markets than just ES and YM, though the recommended e-mini futures markets for it are ES and YM, as well, pretty good markets to trade.

I have been tracking this system performance for some time, restarting it in 2014, which was a very good year for it. I have continued that through 2016. I will be very busy in August and September with things other than trading, but I will try to update its performance at the year's close. And in July 2016, those who bought it as part of the KING package will receive updates with results and pictures of charts showing how trades developed in the first half of 2016.

Speaking of its performance in the first 6 months of this year, it was generally positive, pretty good in YM to the tune of 200 points and only moderately positive in ES, where the system accumulated only 9 points. Still, positive in both markets despite quite a bit of nervousness in the markets during that time that can be attributed to the US presidential election and the UK Brexit referendum. All is well that ends well, though, as the popular saying goes.

The best way to start using this system is in a drawdown of at least 15 (150) points in ES/YM. The system is very resilient and eventually recovers, so you stand a very good chance of making $1500 with two YM contracts rather easily. I chose the sum of $1500 as it is about equal to the current price of KING plus George IV, which is $1400.

In other words, I give you not just KING, but also an objective mechanical tradings system that virtually guarantees to pay for KING and itself. 

That's yet another way how KING is better than all other e-mini futures day trading courses out there. It can pay for itself even if you were not to use it.

Friday, June 24, 2016

Post-Brexit and still making money

As you can see from the last of my today's tweets that contained my trading results.
YM is the Dow e-mini futures market, a very fine market to trade, pre-Brexit, post-Brexit, or any other day of your life. As long as you use KING for that.