Day Trading Tips and Tricks

May 13, 2019

Erich Senft

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Patience and Trading Choppy Markets… Wait for the KILL!

Day Trading PatienceWhat’s a trader to do when faced with seriously soggy markets? I don’t know about you, but I don’t like day trading the chop; even Indicator Warehouse futures trading expert Erich Senft says it may be best to find a better instrument to trade or stay on the sidelines.  So what can a day trader do during the choppier times, how do you know when to take your hands off the mouse and just relax? 

I like volatility; it suits my day trading style, and although I feel there is not a NinjaTrader Indicator on the market that can trade actual narrow range days, the Diversified Trading System (DTS) makes the “chop” very clear and easy to see.  Also, DTS and the DTS System Add-ons get me prepared for when the market does make that big move!  

Sorry to beat the dead horse, but I get a bunch of e-mails or calls from prospective customers each week telling me how frustrated they are with their trading results.  I said it before; I’ll say it again: If you’re a volatility gorilla like me, use trading software like the Diversified Trading System (DTS) to help keep you out of trading choppy markets and stop you from entering trades that more than likely WON’T follow through when the volume is low.  In day trading, patience is paramount.  To illustrate this phenomenon, I looked back in our YouTube archives and found this video showing that by “waiting for the kill (big move)” you could be on your way to many more successful days.

See how Patience pays off for trading choppy markets in our Trade Room.  Click HERE to Register.

May 13, 2019

Erich Senft

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