Morning Trading Session Vlog

Jul 7, 2024

Morning Trading Session Vlog

Presenter: Unnamed (Vlogger)

Introduction

  • Vlog-style video showing a morning trading session.
  • Personal context: Starting the day at 7:10 AM, the day is dark and gloomy due to previous day's weather (rain, tornadoes, thunderstorms).
  • Objective: Share a typical morning trading routine, helpful for those with full-time jobs or other obligations.

Trading Routine Overview

  • Goal: To be finished before market open, though this isn't always possible.
  • Trading window: Usually not more than 2 hours straight on screens to avoid burnout.
  • Initial steps: Check the economic calendar to understand the day's news (especially the 8:30 AM eastern news drop).
  • Specifics for the Day: No major news, expecting a lot of market chop due to big data releases tomorrow (Core CPI, jobless claims, 30-year bond auction).

Key Trading Activities (8:00 - 8:30 AM)

  • Monitoring CL (oil futures): Potential resistance area at 73.30-73.50.

    • Missed initial short entry due to slow response.
    • Looking to catch a long trade off the next leg up (entered long at 72.90).

  • Monitoring gold (GC futures): Entered long at 2037, targeting quick scalps up to a dotted trend line.

    • Trading no more than two contracts at a time due to the fast movement of futures.

Outcome

  • Closed positions at 8:27 AM after reaching daily profit goal ($400 per account).
    • Multiple accounts via trade copier, resulting in a total of over $8,000 on the day.

Tools and Platforms Used

  • ThinkorSwim: Charting platform.
  • NinjaTrader: Futures trading platform.
  • Trade Copier: Used to manage multiple accounts (20 different accounts).

Closing Remarks

  • Spent 30 minutes charting, an hour to an hour and a half trading.
  • Achieved daily profit goal before 8:30 AM signifies a successful trading day.
  • Additional Information: Free future trading workshop available, links and social media for daily updates.
    • Instagram: Follow for personal and trading life updates.
    • Warning: Be cautious of scammers in comments and DMs.

Conclusion: Overall, a solid and profitable morning session with insights into managing trades efficiently using multiple accounts and trade copier strategies.