subject: Heavy hitter day trading - make $18,000 a month [print this page] Heavy hitter day trading - make $18,000 a month
So now is the time to talk about heavy hitter day trading with account balances of $20,000.00 and greater.
Day trading the e-mini Dow is the best way to make it at $990.00 a day with 6 contracts like I did before the great Financial Meltdown. Its been three years and what a difference a few years make LOL. We are in another bull market and it looks good for at least 3 to 5 years if the price of oil does not kill us. Time to ready those mutual funds with steady dollar cost averaging in Midcap value and Large Cap Value funds.
To get back to the article at hand, my article "How to Find and Follow a Trend Make $200.00 a day" allows you the opportunity to learn how to use slightly time delayed charts to find market timing entries. ALWAYS respect support and resistance! Say the high was 13,000 and you are at 12, 979 and the market is trending up set your target 10 points below the high at 13,990 that gives you 11 points x $5.00 a point x 6 contracts or $330.00 for the move do that small gain 3 times per day before 1:30 pm starting at 10:05am and you make $990.00 a day or $18,000 a month!
Now its not every day you are gonna get the chance to do that 3 times, but numerous small gains are better than trying for singular large gains and you become more consistent in the process. Trying for a small 11-15 point gains is better than trying to kill at 20-40 point targets. Always set a target. Always set a stop at what you can afford to lose. Try $50.00 per contract to start that 10 points or $300.00 at risk for all six contracts. The above example I gave you will eventually break the high of 13,000 on a good day, but not until 3 times on the average and if it breaks on a good day it goes higher or if it fails it goes lower! Its that simple! Wait for three candlesticks to confirm the down move and go short! Get it on both sides when you get good!
And remember, the better funded you are, the better are your chances of making more since you can survive down drafts in your account.
Learn and prosper!
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