Day Trading Tips and Tricks

May 14, 2014

Erich Senft

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Futures Profit Run 2014 with Erich Senft – May 14

Day Trading Profit Run 2014

Profit Run for May 14th, 2014

Monday, Tuesday and now Wednesday’s sessions were all dead flat. It’s been a while since I’ve seen the markets this unresponsive across the board. Not even Crude was moving, and it was inventory day today!

No doubt the troubles in other parts of the world (ie. Ukraine) are making traders reluctant to invest too heavily in the markets at this time. Something will shake loose soon. We just need to be patient.

To that end I took a couple of pokes at the markets this morning, but nothing was following through. Nearly every position eventually turned short of it’s profit target and went stop hunting. On days like today it’s best to pack up and go do something else. Chances of a big move are slim.

Once again the Soybean market was my lifesaver; otherwise I’d be posting a number in the red instead of showing a $585 profit.

Bought NQ 6-14 1@3607.50
Sold NQ 6-14 1@3602.25
Trade Loss $105

Sold NQ 6-14 2@3600.75
Bought NQ 6-14 2@3610.00
Trade Loss $370

Bought NQ 6-14 1@3612.25
Sold NQ 6-14 1@3606.25
Trade Loss $120

Sold YM 6-14 3@16622
Bought YM 6-14 3@16635
Trade Loss $195

Bought ZS 7-14 3@1485 1/4
Sold ZS 7-14 3@1484 1/2
Trade Loss $112.50

Sold ZS 7-14 2@1480 3/4
Bought ZS 7-14 2@1475 3/4
Trade Profit $500

Sold ZS 7-14 2@1481 3/4
Bought ZS 7-14 1@1476 1/4
Bought ZS 7-14 1@1478 1/2
Trade Profit $387.50

Bought CL 6-14 1@102.44
Sold CL 6-14 1@10254
Trade Profit $100

Sold ZS 7-14 2@1472 1/4
Bought ZS 7-14 2@1467 1/4
Trade Profit $500

P.S.  I invite you to join us in our Trade Room.  Click HERE to Register.

May 14, 2014

Erich Senft

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