Trading Emini Futures Before the Big Short! +57.75 After a Recovery! Upping My Contracts and My Game
What is up Responsible Day Traders, today is Wednesday, December 1st, 2021, I'm Lindsay Duff, and this is Responsible Day Trading I'm actually leaving for a wedding in the morning in New Orleans, so I'm not here long I mean I'm boom, boom, I've been trying to catch up on things so that I can enjoy the next few days off and not think much about it now, today started out great I was up 20 points and then I was down 11 after that, so let me talk a little bit about what's going on, I am putting in more contracts at a time, so I'm trying to every time I enter, instead of just the four contracts to get in again with another four contracts so be in with eight contracts right around the same price each time um, so it's caused my thinking to change a little bit, so I'm working on that right, because I'm working my way up to 10 contracts and what it's done to my thinking is sometimes I'm managing my stop a little tighter than usual, because it is a little bit you know, to go from 20 points up to 11 points down and four trades was a tough thing to swallow, so that means that I technically went beyond my four trade limit um I had four losing trades and I started trading again now, let's talk a little bit about that my last one I knew my tip my stop needed to be at least one tick bigger, had it been I would not have been stopped out. it is what it is. One of the things though is I have to get used to those big losses because if I'm gonna be trading eight contracts or 10 contracts over the four the losses are going to be more significant but so are the rewards, so I traded for about 40 minutes and I'm walking away with 57.75 points, so that's coming back from negative 11 to 57.75 so, I brought up 68.75. That's great. Um, it is it's a growth process right and we all have to go through it I know a lot of you watched me from the beginning where I started with one contract and then two contracts, I moved up to three before actually jumped from two to four, now I'm looking to jump from four to eight and then possibly bring it around to ten, I don't know if I'll go higher than that, I said I would never go up to 10 contracts before but obviously, I lied to myself because here I am working on getting to that point, that's just part of the nature of the game that's part of the growth process. Okay
um if you're in the Day Trading for RCesponsible beginners group on Facebook or you're in the Responsible Day Trading with Lindsey Duff on Facebook or the growth and development group which you should be already if you're a student, you're going to start seeing where a lot of other students are doing exactly what I'm doing, anybody can do it as long as you go through the work you understand and you give up control of trying to be in charge of what the market is doing, none of us are in charge, that's one of those four losses that I took I was trying to be in charge instead of paying attention to what it was telling me it was telling me, it was gonna pull back I could have saved myself a little bit of those losses but I said Nah let's just go full steam and that's what happened, but that's okay feelings not hurt I'm feeling great about it uh speaking of feeling great guys I hope you're feeling great about the new year so for UProfit Trader, we are actually doing 25% off of all the accounts, plus 25% off resets, so you can use the code Xmas25, you'll see it up there for all your programs or you can use the code reset25, so you can get 25% off all of your resets this month guys we paid out over $200,000 to our Traders this month and our top Trader took out $13,000, Go on Yose. Okay, because we are proud of you remember the New Year is coming on December 10th we are going to do another Tax Webinar, so if you want to learn more about your day trading taxes it's a great place to come and join, if you want to go ahead and get started creating your trading as a business, then you're going to want to go to www.ResponsibleDayTradingTaxPros.com and talk to my friend Jay over there, he is going to talk to you about what your goals are, how you can save money on your trades, how you can save money on your education, or even your Funding program and that is by building your trading as a business, whenever you do that you get taxed as a business, not as an individual and you will be able to keep more of your money in your pocket. So check it out guys uh if
you haven't downloaded the beginner guide check out the beginner guide ResponsibleDayTrading.com we'd love to help you out through any concerns or questions that you're having, set up some time to talk with one of our team members and get some information about what we do here and how we can possibly help you to grow to making something around 58 points a day as well. All right guys we're going to go ahead and wrap that up I hope that everybody has a wonderful week and as always enjoy the show. What is up Responsible Day Traders oh I was just a little late on this one now definitely had chances back here and back here I was just busy doing something, I just got started and uh we're going to fix this.
I made it made touch this nope here we go And after this, we'll do a rundown of the daily chart and all that but. Okay first one out. Love to see it go all the way up here, just kind of move along as it's not following through completely. Kind of weak going up here at the moment get a tiny little bar there, I feel like this needs to come back just a few more ticks. This is a nice little snapback so it's probably not the best idea to add more right at this moment.
oh yeah there we go. Honestly, it gave me reasons to get out, I don't know why I haven't been getting out lately when it tells me to um Okay, I'm gonna give this another shot right in here, this may pull back right at this point this tiny little bar I just would like to see if this is gonna roll up a little bit more it may not. The thing is this did not snap in the way we'd like to see if it's going to uh, I'm going to give it another shot too. So I'll try this one more time I pulled it in a little tight I remember I'm working on having extra contracts out So it does make it a little harder Because I'm thinking of moving up to somewhere around the range of 10. This has started to break the bottom Bollinger Band but we're just still sitting here so it's a week break of it so far Not anymore.
All right. okay one. Needs to be two ticks below there, one. This has got some um about to go back up. Watching right in here it's a little bit of a struggle but we're still okay we haven't broken that top Bollinger Band, we still got a little bit to go and this is not a strong push down it's actually a very weak push down right now. It's a great place to add more but I think I need to just take a break from that for a moment.
Oh yeah daily chart it's probably going to go down a little bit more but it's trying to work its way back up daily chart does have an area for more up. oh this is a lovely look for more up, on the 28657 rolling outside, continuing up yeah I just tried to force it a little early so I was up a thousand dollars and then I lost that thousand dollars pretty quickly and that's okay I'm trying to get myself really, really used to taking these trades in multiples, so I want to work my way up to 10 pum 10 to 12 right now I've got eight so it means I'm going to have bigger losses and bigger wins right they're all going to come together. Okay there we go, just got in a little early that's okay I mean this told me pull back yeah hey one thing you can't beat yourself up about it, I just gotta move on. That great when it like pulls right up to it and doesn't go through it it's always fun.
Definitely moving the risk up a little bit early, we want to get past here before we move the risk but I am comfortable with where it's at I think I'm going to go ahead take this one out. Starting to get the white BB's trying to roll down I'm going to hold my one way back here actually a few ticks back behind there so if it pulls back to this area that it doesn't uh stop me out immediately I almost want to add four more but I'm just gonna stay with what I've got right now kind of went out of my bounds with how many losses, I took in a row because I'm doubling up on these contracts so it's something that I'm kind of working with and playing within my off time. On how to stay in these trades longer how to be okay with a little bit bigger losses. We're going to keep this one going and play for a while Okay I need to do their tail bar pulling back do have divergence here we do a little bit through these pivots it does look like it's going to attempt to go up more. So I'm just going to put in four more I'm going to hover over the close button.
Just get ready to hit close if you need ones. Looking at the top Bollinger band here we need to see this roll out and continue up yeah just like that oh silky silken now. Okay just be aware don't get cocky. Remind myself. Yet being right behind here. I'm gonna hit close and it came like one tick from it I should probably hit close a little bit further back here and I do see this may just continue up but you know I'm cool with it what are we at 57.75 points for today
and y'all uh, just so we know I took one two three four losses in a row which is normally my limit but I'm allowing myself a little more because I was doubling up at these areas right so just in case, I think that's gonna be it for today I was up a thousand and then I was down I lost that thousand plus some okay so I was up 20 points down 31 and then brought it back up to 57.75, so I had to gain that 31 back. so you know um, feeling pretty good about it I think we're done for the day, all right so let's get this party started, so what happened here um when I took these two trades it was right at the high here but it gave us very clear indications that it was going to break through by seeing the strength of the MACD's here so I am working on taking two contracts or two entries at a time because I'm working on upping my stamina to being okay with bigger losses bigger wins and being able to eventually work my way towards 10 contracts which has never felt like a comfortable situation for me and where I actually told people i would never take 10 contracts at a time but here we are. So um took the long here the pullback took it again as it pulled back in here just moved the risk up um knew it had an opportunity to come back to here but I mean you know who's gonna cry about eight points um well it's different when the eight points is to the opposite side so I did have four losses in a row which goes against my quote-unquote uh standards but I'm also working on doubling up whenever I enter so that means it's in my mind I'm trying to think of it like two losses in a row and 2 those two losses in a row were not only enough to knock out what I did here but take me down minus 11 points so we can see I was up 20. I could have stopped there for the day and been fine um but I tried to force it a little bit early this last one I knew I needed to be two ticks behind here but because I'd already taken a couple of losses I think that my mindset was like oh crap be careful right so I didn't move it that one extra tick and it hit me I mean I knew it had the opportunity to do but I also got right back in with two more trades and those were the winner, winner chicken dinner so uh, nine and a half points here I think I pulled it down a tick to get in or to take it me out 14 points here two contracts there as well that got taken out then we moved to one contract at a time right so 7.75 10.25 I saw it pullback here and still had one contract holding on i said man this is still going up took another entry that first contract 9.25 pulled back um
where are we hold on that hold on so 9.5 7.75 10.25 there we go i'm sorry 9.25 right there this is why i have to go back and write these in before i even go with y'all um 11 points here and then i hit close on this final one taking seven points here back behind here is where my risk needed to be i wasn't willing to wait i almost got in here again but did not so that was a total of nine trades four losses five wins fifty seven point seven five points two thousand eight hundred and eighty seven dollars and fifty cents before commissions so no complaints all right folks this is a wonderful way to wrap up my week i am heading to a wedding in new orleans tomorrow so um it should be a lot of fun i'm going to be actually through monday so i'm only going for a little bit i may not do my monday morning post this week so we'll see what happens we may have jason do it uh jason also has been putting out his trades so if you are in the growth and development group or the Day Trading for Responsible Beginners or Responsible Day Trading with Lindsey Duff you should be able to see some of the trades that some of our students are doing and the trades that Jason's doing so, it's not just me doing this guys there's other people doing it and it's fantastic so uh, yes guys that's gonna wrap it up i hope that everybody has a wonderful week and as always you know that I look forward to Catching You on the Profitable Side.