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Friday
Dec022011

Emini Podcast / The Daily Futures 12/02/11

(QQQQ)(DIA)(SPY)(GLD)(SLV)

Its the weekend. YEAH!

Let's take a moment to reflect as well as look forward.

When it comes to this Trading business you've started, what are your goals?

Will you know success when you find it? What is success?

Is it a fast car and pockets full of money?

Is it the ability to support your family in troubled times?

Or maybe you're not sure... That's OK for now.

Have a look at the of the S&P Emini

The Gravestone Doji perched at the top is an ominous specter.

It's not an apocalyptic warning, just a sign post on the road up ahead...

From the close to the trend line is 24 points. Is that a lot?

Depends I guess.

If you're long it probably is. If you're short it most definitely is.

If you have no position it's something to think about.

Last Sunday night the market gapped on the open.

UP - 18 points.

Will it gap down now?

I don't know.

For a 1 contract trader that move could be worth $1,000.00 or better.

For a 100 contract trader, it could be $100,000.00 or better. (on the right side)

Think about this -

1 trade could make your year or wipe you out.

 

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Emini Podcast for Friday 12/02/11

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