Welcome to the second in my series of E-mini Day Trading Strategies.
In the previous video, I shared with you my “Rubber Band Trade,” which is essentially a reversion to the mean trade. It has a great win/loss ratio, but it’s usually a scalp trade and therefore doesn’t have a great risk/reward ratio.
In today’s video I share with you a trend trade which does have a superior risk/reward ratio, meaning that we expect to make much more money on our winners than we’re risking on the trade.
By the way, don’t forget that these strategies also work for swing trading and also with the stock market, the Forex market and commodities.
If you do trade a market other than the E-minis (I personally trade many different markets), you may want to consider only trade markets that have good volume and have professional participation.
For more extensive information about my trading method, sign up for my 5-Day Free Video Course (using the form in the top right section of this blog page).
I CHERISH YOUR FEEDBACK, SO PLEASE LEAVE A COMMENT BELOW:
Hi Barry,
Thank you for putting these videos on your sight they are very helpful. I am new to trading and want to learn more. I setup a “paper trading” account where I practise trading Iron condors and credit spreads. My question to you is How do you know which option strike price and legs to select when placing an Iron condor and/or credit spread trade? I’m doing OK but I am not understanding why the strikes that I am choosing are working ( I’m basically guessing)
Thanks for your response
Rob
Hi Rob,
Thanks for your question. It’s a good one, but much more involved than I can address in a simple blog comment response! One tip is to make sure that the strike prices have good volume and open interest. Very important for liquidity and to keep the spreads as small as possible. There are other strategic issues with those particular strategies, but again, too much to cover in a brief comment response.
Thanks. Very insightful and helpful. My problem is that I come in early but I get out of a trade again and then come in again and repeat it until I come in when it has ended. I mostly know when it has ended but dont exit when I should
registered for webinar tonight the 17th at 8pm EST. Have not received how to join webinar and could not find a telephone number for Top Dog Trading to request information. Would you please forward asap. Don’t want to miss this webinar.
Thank you.
Rev. John Kinnard
Hi Barry,
I have learned so much from your program. Now in my way to becoming a full time trader.
I feature you on the Resources page of my blog at http://www.stocksforexfutures.com
I want to, through my blog, help people on the same path I am on by learning from my mistakes and success.
Thank you for your help
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