It’s so vital to not get an “emotional directional bias”… In other words, don’t get locked into thinking the trend is going to continue forever! And don’t try to guess when it’s going to end. In my opinion, it’s best to look for objective signs that the trend has ended, wait for a high probability setup, and take profits at the first sign of weakness.

The reason I say take profits quicker when you’re taking a “counter-trend trade” is because you’ll be trading into areas that have proven to hold before. Here’s an example of what I’m talking about:

We went into a lot of detail into our Foundations Class, which teaches the basics of how to use the MAP Trade Signal Software. For those of you not familiar with our trading strategies, I did a quick recap video of the setups before the lunch break:

Also, we had a great time at the 2011 Las Vegas Traders Expo. Our happy hour inspired me to write a post on some of the topics we were discussing.

The net result was about 6.5 points in available profit potential.  Here’s what some of our students were able to pull out:

{Rick} 1 trade 7pts
{Heath} 2 trades, +5 points
{Rob} up 3.25 on 2 trades
{Robert} GREAT and learned ONE lesson on price action
{Todd} 3 trades, 3 winners, up +4.5pts
{William} 3 trades 5 pts
{Heath} +7 points this week on 3 trades…not much in the way of volume of trades, but nice winning %
{Devin} + 2 on 1 trade
{Manuel} up 4

Also, don’t forget to register for tomorrow’s live webcast from the 2011 Las Vegas Trader Expo!  We’ve got a few surprises for everyone…

Nevertheless, this indecisiveness gives us nice intra-day trading volatility.  And when there’s confusion and emotion running the markets, trade setups become very clear.

Although I don’t care where the market is headed a month or week from now, it’s still very insightful to understand what’s causing the nice swings in price.

We’ve also had many inquires about availability and cost for the Emini Academy’s MAP Trading Program.  As you may already know, we don’t teach basic trading theory that you can find online for free.  Our education is focused on teaching our students how to execute the MAP Trade Signal Software.  If you have any questions about the price of the Emini Academy, feel free to call an Education Counselor at 800-788-1658.

Click Here To Register for a Live Trading Demonstration

For those of you looking to find out more information about the MAP trading program, we now have a 7 day trial available!

For those of you looking to find out more information about the MAP trading program, we now have a 7 day trial available!