We had two big MAP trades before the Philadelphia Fed Survey was released at 10:00am EST this morning. We don’t try to guess the reaction to news items in the markets. Because of this, we like to be out of the market most of the time before that news breaks and in this case that worked to our advantage. Check out the video below to see these trades and to also see some charts the members sent into the trading room.
We had an incredible month down in Colombia – doing everything from paragliding, day trading, and trekking through the Amazon Jungle. And congratulations again to Mike Carter, who won an all-expenses paid trip to trade with us in Medellin. I know he learned a lot about the MAP Trading Strategy, and got first-hand experience at what it’s like to day trade and travel.
Mike was a great sport even though he had a near death experience paragliding. In the video below, you’ll see Mike slam into the ground inches from the edge of a 150 foot cliff. Fortunately, they caught an updraft at the last minute. Even the guide looked a little freaked out. Either way, I’m thankful Mike made it out alive!
While the stock indices started out a little slow with a lot of weakness evident this morning, the Gold market gave us some great opportunities with a whole lot of follow through. Check out the video below and congrats to Heath who pulled out $2,880 on this trade this morning! (his chart is the last of the 3 under this video)
First off, thank you thank you thank you to everyone who applied for this trading trip! I’m extremely humbled by all the responses, and wish I could take everyone! We are already planning a couple more trading trips this year, so if my team didn’t pick you this time, there’s still plenty of opportunity to come trade and learn with us…
Congratulations to Mike Carter, who is the winner of the 2013 Colombia trading trip. Mike is a relatively new member of our MAP Trading Program, and has shown an incredible desire and commitment to become a trader. After trading options for a while, Mike saw the benefits of trading with a rules-based system in the e-mini markets.
It’s been an awesome week for traders in our MAP Trading Program. The E-mini S&P has been moving nicely in this bull market.
I’m going to be holding a trader meetup in Miami this Monday before we take off into the Amazon jungle. Shoot me an email to chris (at) eminiacademy (dot) com if you want to join. It’s going to be a happy hour with some incredible traders.
Well, today was a pretty big breakout day for all the stock indices, and the MAP Trading Strategy had a few long setups that played out nicely.
Today’s video is a live trade setup from the e-mini Russell 2000 (Symbol TF). After a small losing trade off of market open, the market broke out above a key resistance level that lead to a beautiful long setup.
Notice how there’s no cherry-picking, hindsight trading, or “reading the markets”. It’s all about a fully-tested, rules-based strategy that helps us remove emotions and make objective trading decisions.
Even though the morning sessions have been a little slow the past two days, there’s been some nice movement in the e-mini indices. In today’s video I’m taking you step-by-step through a live setup on the S&P 500 (Symbol: ES).
Pay attention to how there is no guessing or trying to “read the market”. Our setups are all based on fully tested, rules-based setups and management plans.
So far this morning, we’ve had 3 setups (2 wins, 1 loss) for a nice profit potential.
Our MAP Trading Program members know how important it is to have a tested, rules-based trading strategy, not just a subjective way to “read the markets or useless indicators”. In today’s trading arena, we need to pre-define our setups, management style, and parameters that are showing good potential in current market conditions.
LESSON #1 – “Trading Strategies”
This lesson is all about “trading strategies“. What are the different types of strategies? Which strategies are most effective in different markets? Why are old-school discretionary strategies broken?
Lesson #2 – “Why most traders lose money”
Why most traders lose money & how to trade like a professional. It’s amazing how many people neglect the “intangible aspects” of trading – like trading psychology, mental errors, and emotional trading decisions. Hopefully this video will give you some insight into some things you can do to sharpen your trading skills.
Lesson #3 – Live trade setup (trading in a range)
Here’s a quick live trading video from this morning. After a big gap down on the e-mini stock indices, the market has been stuck inside a channel. This video demonstrates how to exercise patience and discipline when a lot of traders are panicking from a pre-market sell off.
Lesson #4 – Live trade setup (trading post-holiday)
Here’s another video from the day after Easter. Notice how we “think like chess players” – always looking to be one or two steps ahead of the market.
Lesson #5 – Common Trader Mistakes (And how to avoid them)
Ever chase a bad trade or hesitate on a good one? Virtually every trader has… And in this video I want to show you the mistakes you WILL make, and how to prevent them.
Today’s volume was very low since it’s April Fool’s Day and the day after Easter.
In today’s post, I wanted to cover what’s happened over the past couple of weeks, which have been great for MAP Trading Strategy traders.
In today’s first video, you’ll learn about our trading philosophy and our 3 step process for testing and executing setups. In today’s trading arena, it’s near impossible to solely rely on reading price action to make trading decisions – A trader needs a strategy that can be tested to give a realistic view of the setups.
Check out this live trading video that shows a setup on the E-mini S&P 500 from this afternoon…
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RISK DISCLOSURE STATEMENT AND DISCLAIMER: THE SERVICES AND CONTENT THAT EMINI ACADEMY PROVIDES ARE SOLELY EDUCATIONAL AND ARE NOT PERSONALIZED OR TAILORED IN ANY MANNER TO ANY CUSTOMERS. COMMODITY FUTURES TRADING INVOLVES SIGNIFICANT RISK OF LOSS AND IS NOT SUITABLE FOR ALL INVESTORS. THE HIGH DEGREE OF LEVERAGE THAT IS OFTEN OBTAINABLE IN FUTURES TRADING CAN WORK AGAINST YOU AS WELL AS FOR YOU. THE USE OF LEVERAGE CAN LEAD TO LARGE LOSSES AS WELL AS GAINS. PAST RESULTS ARE NOT INDICATIVE OF FUTURE RESULTS. TESTIMONIALS ALSO ARE NOT INDICATIVE OF FUTURE SUCCESS AND HAVE NOT BEEN INDEPENDENTLY VERIFIED. RESULTS ARE HYPOTHETICAL AND BASED UPON SIGNALS GENERATED BY THE STRATEGY. HYPOTHETICAL RESULTS HAVE MANY INHERENT LIMITATIONS, INCLUDING THE BENEFIT OF HINDSIGHT AND THE ABSENCE OF FINANCIAL RISK. PLEASE CAREFULLY READ THE FULL DISCLAIMER ON OUR WEBSITE.